[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage In a bold move mirroring American titan MicroStrategy, Metaplanet, a Japanese firm publicly traded and specializing in Web3 and metaverse ventures, has announced a significant investment in Bitcoin (BTC). The firm has acquired 1 billion yen (approximately $6.5 million) worth of BTC, positioning it as a core asset in its treasury. This decision marks Metaplanet as a pioneer in the Japanese market, embracing digital assets to hedge its treasury. How Metaplanet Jumped into Bitcoin Investing The strategic choice to adopt BTC has already paid dividends for…
Author: Victor Alexander
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage In an effort to simplify the conversion of cryptocurrency to fiat currency, Fiat24, a Swiss financial institution, has teamed up with SafePal, a provider of crypto wallets, to introduce a new banking service integrated with a crypto Visa debit card. This collaboration is set to make waves in the decentralized finance (DeFi) sector, which, despite its advancements, has been facing challenges in facilitating easy crypto-to-fiat conversions for users. Simplifying Crypto-to-Fiat Conversions for DeFi Users The current process of converting cryptocurrencies into fiat is fraught with complexities,…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage BlackRock, the world’s largest asset manager, has recently expanded its list of authorized participants (APs) for its spot Bitcoin ETF, adding prestigious Wall Street firms such as Citi, Citadel, Goldman Sachs, and UBS. This addition brings the total number of APs for the Bitcoin-based fund to nine, demonstrating BlackRock’s growing commitment to the cryptocurrency sector. The recent inclusion of these firms was made public through an amendment to the ETF’s Form S-1, which was submitted to the Securities and Exchange Commission (SEC) on April 5. This…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage In the ever-evolving world of cryptocurrency, Binance is gearing up to make headlines with the introduction of the SAGA token. Slated for listing on April 9, this new token is part of a strategic Launchpool rewards campaign that’s already captivating Binance users. The anticipation is palpable as half of SAGA’s initial circulating supply is up for grabs in this unique promotion. Binance’s SAGA Token: A New Era in Gaming Cryptocurrency The SAGA token is set to make its debut on the Binance platform, thanks to the…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage Custodia Bank, a digital asset bank, has faced a setback in its quest for a Federal Reserve master account. The United States District Court for the District of Wyoming ruled against the bank’s bid, leaving it without the coveted access to the Federal Reserve’s payment systems. This decision, issued by Judge Scott Skavdahl on March 29, has forced Custodia to reconsider its strategy, as a spokesperson stated, “We are reviewing the court’s decision and all of our options, including appeal.” Judge Rejects Custodia’s Request for Master…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage Binance, the top exchange by volume, has officially removed Monero from its platform as of Tuesday, February 20. This move follows the announcement made on February 10, signaling the end of XMR’s presence on the leading global trading platform. Amidst this development, Binance is navigating a challenging period, seeking to align with regulatory demands worldwide. The exchange’s previous CEO, Chanpeng Zhao, is under investigation in the United States and faces travel restrictions, despite residing in the UAE. The decision to delist Monero didn’t come out of…
[ad_1] In an effort to stay one step ahead in the face of the unforeseeable threats posed by quantum computing, the Linux Foundation has unveiled the formation of the Post-Quantum Cryptography Alliance (PQCA). This initiative brings together a coalition of industry giants like Amazon Web Services, Google, IBM, and NVIDIA, alongside key players in cybersecurity and academia. Their mission? To fortify our digital defenses against the security breaches expected to accompany the quantum computing era, especially in critical areas like IT, finance, and national security. Quantum computing stands on the brink of revolutionizing computational power, harnessing the peculiarities of quantum…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage The unfolding legal saga surrounding Terraform Labs and its founder, Do Kwon, recently saw a new development with a former Terra development team leader stepping forward to testify. This development, reported by the Korean daily Chosun on February 5, marks a significant turn in the ongoing courtroom drama. At the heart of this episode is the witness, known simply as “Lee,” whose testimony against Do Kwon and Terraform Labs co-founder Shin Hyun-seung was heard by the 14th Criminal Division of the Seoul Southern District Court. Lee’s…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage In Colorado, a pastor named Eligio “Eli” Regalado and his wife, Kaitlyn, are currently embroiled in a legal battle over their crypto token venture, INDXcoin. This token was marketed primarily to Christians, with claims that it was divinely inspired. The couple, who ran the online church Victorious Grace, are accused of fraudulently raising approximately $3.2 million through this venture. The heart of the controversy lies in the claims made by the Regalados regarding INDXcoin. They purported that it was backed by an index of cryptocurrencies and…
[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage Ark Invest, steered by the acclaimed Cathie Wood, recently executed a notable shift in its investment strategy, marked by the sale of an additional 26,743 shares of Coinbase Global Inc. This transaction, valued at approximately $4.1 million, occurred on Thursday, following a substantial sale of Coinbase shares worth $25.3 million the previous day. This pattern of sales highlights Ark Invest’s strategic adjustments within its portfolio, particularly in the context of the company’s ARK Innovation ETF (ARKK), which is known for its dynamic and forward-thinking investment approach.…