Another 21,550 bitcoins are purchased by MicroStrategy for almost $2.1 billion
MicroStrategy, a business analytics provider, revealed on Monday that between December 2 and December 8, 2024, it paid almost $2.1 billion in cash for about 21,550 bitcoin. The average purchase…
Milady NFT founders’ cult memecoin launches at a value of nearly $600 million FDV
Launched Thursday, Cult, the eagerly awaited cryptocurrency from the people behind the Milady NFT project, saw its fully diluted value leap above $600 million. The Ethereum-based memecoin went online Thursday…
CoinMarketCap Introduces the Crypto “S&P 500”
The CoinMarketCap 100 Index (CMC100 Index), which tracks the performance of the top 100 cryptocurrencies by market capitalization, was introduced by CoinMarketCap, a significant supplier of crypto market data. The…
El Salvador intends to relax the requirements for accepting bitcoin in order to release $3 billion in loans: report
El Salvador is to relax a rule requiring local companies to take bitcoin. The Financial Times, citing unnamed sources, said the action is being taken to obtain loans totaling more…
Does a Dog Turn Green? This Green Energy Company Is Entering the Dogecoin Mining Industry
VivoPower, a sustainable energy firm, said this week that its cryptocurrency subsidiary is entering the Dogecoin and Litecoin mining space. The company said that its subsidiary, Caret Digital, would begin…
Because of a lack of management standards, the FSOC warns that stablecoins pose stability risks
Due to insufficient risk management guidelines, the US Financial Services Oversight Council (FSOC) has expressed concern about the possible dangers that stablecoins may bring. The FSOC stated in its annual…
The nomination of Crypto Skeptic SEC Commissioner Caroline Crenshaw will be put to a vote by the US Senate
The renomination of Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw is scheduled for a vote by the U.S. Senate Banking Committee on December 11. Prominent figures in the cryptocurrency…
According to Samuel Armes, Florida may establish a state-wide bitcoin reserve by the first quarter of 2025
Samuel Armes, President of the Florida Blockchain Business Association (FBBA), announced earlier this week that the state of Florida is getting ready to perhaps establish a statewide Bitcoin reserve in…
Coffeezilla Dispels False Claims Regarding HAWK Memecoin and Influencer Hailey Welch
On social media, Stephen Findeisen, popularly known as “Coffeezilla,” has criticized inflated and untrue statements made about viral personality Hailey Welch and the introduction of her memecoin, HAWK. On December…
The Bored Ape Yacht is less expensive than Pudgy Penguins’ NFT
The price of Bored Ape Yacht was 19.85 ETH, or $83.930, while the price of Pudgy Penguins on Ethereum (ETH) surged to 21.49 ETH, or $83.930. According to CoinGecko data…
A fraudulent coin and a fictitious SEC lawsuit notification are posted via a compromised Cardano Foundation X account
An unidentified entity compromised the Cardano Foundation’s X account on Sunday, resulting in the fictitious launch of a Cardano-branded coin on Solana and, subsequently, the fictitious publication of an SEC…
As Ripple delays the launch of the RLUSD stablecoin, XRP drops from third place among all cryptocurrencies
On Wednesday, XRP, the native cryptocurrency of Ripple, had a precipitous 6% loss, falling from an intraday high of $2.68 to finish at $2.3574. Due to this decline, Tether’s USDT,…
An ICO platform called BuidlPad is introduced by a VC and former Binance executive
Erick Zhang, a managing partner at Nomad Capital and a former head of research at Binance as well as the lead of Binance Launchpad, has unveiled BuidlPad, a new initial…
Sekai, an AI business based on Story Protocol, earns $3 million in a seed round headed by Hashed
Sekai, a startup focused on generative AI storytelling, revealed on Thursday that it has secured $3.1 million in a seed round headed by Hashed. With the use of generative AI…
Solana-Based Wallet Phantom Adds Transactions to the Web3 Payments Infrastructure
On December 5, Phantom, a non-custodial bitcoin wallet based in Solana, revealed that it had integrated Web3 payments provider Transak to enhance user experience and streamline cryptocurrency access. Phantom users…
Noble, based in Cosmos, is the first to introduce a unique stablecoin through a cryptodollar infrastructure firm. M^0
On Thursday, stablecoin startup M^0 announced that it is the first to use its decentralized stablecoin infrastructure to introduce a new dollar-denominated token, USDN, on the Cosmos-based Noble blockchain. For…
The biggest decentralized exchange in Solana introduces a new swap function that guarantees traders the lowest pricing
Marius Ciubotariu, a co-founder of Kamino, announced the project’s new swap feature on Thursday. Kamino is the biggest decentralized exchange on Solana. According to Ciubotariu, the platform would be “intents-based,”…
8.8 million transactions occur on Base’s network every day, breaking previous records
With 8.8 million daily transactions on its network, Base has hit yet another record high and is at the forefront of the hopeful rollup ecosystem, all the while maintaining robust…
Unknown addresses receive $33 million in cryptocurrency that the US government confiscated from FTX: Arkham
The U.S. government has transferred over $33.6 million in cryptocurrency to two unnamed addresses from its wallet, which contained a portion of the money taken from the defunct cryptocurrency exchange…
Since its inception, Hyperliquid’s HYPE token has increased by more than 200%, hitting $12 billion FDV
Since its token production event on November 29, the token, which was introduced by Hyperliquid, a decentralized everlasting trading platform and Layer 1 blockchain, has increased by more than 200%….