Despite the lower spot price overnight, data suggests considerable institutional interest in December 2024 $100,000 calls. This indicates an even stronger confidence in a year-end rally for the world’s largest crypto, particularly as the likelihood of former US President Donald Trump’s victory rises. Sizeable Institutional Interest In its latest update, crypto trading firm, QCP Capital […]
On July 18, Judge Eric Vitaliano sentenced the founder of the Bitzlato cryptocurrency exchange to 18 months, the time he had already served, for running an unlicensed money-transmitting business. Anatoly Legkodymov pleaded guilty last year to running an operation that facilitated the concealment of over $700 million in proceeds from illegal gambling and drug transactions. […]
DeFi Technologies (DEFTF) – a rising Canadian fintech company – has acquired another large batch of Bitcoin (BTC) after making the asset a core part of its treasury strategy last month. The company announced Thursday that it had purchased another 94.34 BTC for its balance sheet, adding to the 110 BTC it first acquired in […]
Bankrupt crypto lender BlockFi announced a significant step in its effort to repay its clients. In an X post on Wednesday, the lender noted that the first interim distribution of funds to clients through Coinbase will begin this month. According to BlockFi, the interim distribution will commence in July and will be processed in batches […]
Ethereum co-founder Vitalik Buterin has advised against basing political support solely on a candidate’s pro-crypto views. He emphasized the importance of broader values such as individual freedoms and technological advancement, warning that a narrow focus on cryptocurrency could undermine the principles that inspired the industry’s movement. Broader Perspective Buterin highlighted that the current trend of […]
Polygon will undergo a mainnet upgrade on Sept. 4, 2024, following the community’s approval of the proposal. This upgrade marks the transition from the native MATIC token to a new one with the ticker POL and introduces fresh smart contracts. The Migration Process “Following PIP-42, consensus was reached that Polygon PoS validators must stake POL […]
Former U.S. President Donald Trump plans to release a fourth NFT collection after the success of his previous three, which quickly sold out in a day. In a Tuesday’s Bloomberg Businessweek interview, Trump said people are asking for a fourth one, citing their “unbelievable spirit.” Trump Warns China Could Dominate Crypto Market In May, at […]
Leading crypto exchange OKX has announced the discontinuation of its services in Nigeria, citing recent regulatory changes. According to emails sent to OKX’s Nigerian users, customers have until August 30 to withdraw their assets from the exchange, as any remaining balances on the platform will become subject to restrictions afterward. OKX Ends Services in Nigeria […]
BitMEX co-founder Arthur Hayes’ crypto investment fund Maelstrom announced the launch of the Bitcoin Grant Program that aims to help with the technical development of the largest blockchain network. The focus will also be to improve its resilience, scalability, censorship resistance, and privacy characteristics. On its official website, Maelstrom said that it can support Bitcoin […]
Why are Silicon Valley venture capitalists suddenly supporting Donald Trump? Billionaire Mark Cuban – one of the politician’s staunchest critics – says “It’s a Bitcoin play.” The businessman’s analysis follows several Trump endorsements from wealthy crypto leaders who explicitly favor him because he promises to protect their industry. Silicon Valley, Trump, and Bitcoin According to […]