Crypto’s Quiet Tumultuous Week
A Week of Subtle Turmoil in Crypto Despite a seemingly quiet week in the cryptocurrency world, the markets experienced their usual share of volatility, proving yet again that the crypto industry is never really at rest. Bitcoin, the flagship cryptocurrency, saw a significant price fluctuation; it soared above $60,000 early in the week only to […]
MetaMask Mastercard Crypto Debit Card Launches
MetaMask, a leading Ethereum-centric crypto wallet, has announced a groundbreaking partnership with Mastercard to launch the MetaMask Card. This new debit card will allow users to make payments with cryptocurrencies anywhere Mastercard is accepted globally, enhancing the utility of digital assets in everyday transactions. Pilot Program and Future Expansion The MetaMask Card will initially roll […]
Crypto Stability Amid Trump-Musk Silence
Crypto markets experienced minimal movement during European trading hours on Tuesday, with Bitcoin and Ethereum showing slight dips, contrasting with their overall weekly gains. This period of calm trading follows the much-discussed interview between former U.S. President Donald Trump and Tesla CEO Elon Musk, which surprisingly omitted any mention of cryptocurrencies. Current Market Conditions As […]
Three Arrows Capital TerraForm Labs Lawsuit: Seeking $1.3 Billion
Liquidators of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC) are pursuing a claim of $1.3 billion against TerraForm Labs and its co-founder, Do Kwon. The lawsuit, filed in the U.S Bankruptcy Court for the District of Delaware on August 9, stems from substantial losses 3AC sustained during the 2022 crash of TerraUSD (UST) […]
Tether vs. Celsius Lawsuit: A Battle Over Bitcoin Liquidation
Tether Limited has strongly rebutted a lawsuit filed by the defunct cryptocurrency lender Celsius Network, labeling the legal action as a “shakedown” and “baseless.” The suit, initiated on August 9 in the U.S. Bankruptcy Court for the Southern District of New York, demands the recovery of approximately $2.4 billion in Bitcoin allegedly improperly liquidated by […]
Pump.fun Meme Coin Update: New Rewards for Creators
Meme coin creation platform Pump.fun has rolled out a significant update that offers financial incentives to users who successfully launch tokens, while removing the initial fee required to create a token. This change aims to enhance the platform’s appeal and stimulate creative development within the meme coin community. Key Features of the Update Community Response […]
Metaplanet Bitcoin Investment Strategy of $68M
Japanese venture firm Metaplanet is setting ambitious financial goals as it plans to raise approximately $68 million (¥10 billion) through a strategy that involves a gratis stock allotment, with a significant portion designated for enhancing its Bitcoin treasury. What exactly is Metaplanet Bitcoin Investment Strategy? Funding Bitcoin Investments Metaplanet, which likens itself to the “Japanese […]
Decade-Dormant Bitcoin Miner Transfers $14M BTC
In a notable development in the cryptocurrency world, an inactive Bitcoin miner transfers 250 BTC, valued at approximately $13.95 million, to five new wallets. This move highlights not only the long-term value of Bitcoin but also the historical progression of mining technology. Historical Context of Bitcoin Mining The wallet began its operations in 2010, a […]
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