Binance’s token BFUSD has already sparked speculation even before its launch. It all started with Binance’s introduction of the new asset on Monday which offers 19.55% APY, positioning itself as an alternative to conventional stablecoins. Not a Stablecoin, But a Reward-Bearing Asset According to the website, users can earn daily rewards simply by holding BFUSD […]
Metaplanet has announced the purchase of 124.117 bitcoin for a total of 1.75 billion yen. This brings the company’s total bitcoin holdings to 1,142.287 BTC, valued at around 11.372 billion yen (approximately $73 million). Metaplanet’s Stock Surges 15% According to a post on X, the new purchase was made at an average price of 14,099,600 […]
Heather Morgan, widely known by her rap persona “Razzlekhan,” has been sentenced to 18 months in prison for her role in laundering funds stolen during the 2016 Bitfinex cryptocurrency hack. Morgan pleaded guilty to conspiracy charges related to money laundering and defrauding the United States earlier this year. A Deliberate Scheme According to a CoinDesk […]
In a bid to grow its Bitcoin portfolio, Tokyo-listed Metaplanet has announced a new debt issuance during a Board of Directors meeting held on November 18th. The filing shows that the company plans to sell one-year ordinary bonds worth 1.75 billion yen—$11.3 million—with an annual interest rate of 0.36%. The entire amount raised will be […]
Ripple CEO Brad Garlinghouse has expressed concerns about the potential appointment of Bob Stebbins as chair of the securities regulator. The industry executive responded to a post on X by crypto researcher ‘Anders’ who described Stebbins as “the old guard candidate for the SEC chair” before adding: “If Trump truly wants to make the US […]
Bonk’s price settled Monday to 0.000049 Monday after a 14-day melt-up to a new all-time high price at the 0.000055 handle. “Holy sh**!” exclaimed Shawn.eth (Punk #4220), a Bonk investor on X Monday. “My $BONK bag was $30,000 when j bought and now its $2,300,000,” Shawn.eth wrote. “Bonk started the entire memecoin supercycle early last […]
Solana has started the new week by reaching a new milestone: the monthly trading volume in its decentralized exchange (DEX) ecosystem has surpassed $70 billion for the first time in the network’s history. The uptick in monthly trading activity was pushed by consistently high daily volumes, including breaking past $5 billion for three consecutive days. […]
Cardano Foundation, the non-profit organization behind the Cardano ecosystem, has unveiled its financial report for 2023, detailing its expenses across three major areas. Notably, the Financial Insights Report is the foundation’s first and part of its efforts to uphold the principles of transparency and openness. According to the report, the Cardano Foundation primarily spent most […]
South Korean authorities have arrested 215 individuals in connection with a massive cryptocurrency investment scam worth an estimated 325.6 billion won – around $232 million. The arrests, led by the Anti-Corruption and Economic Crime Investigation Unit of the Gyeonggi Southern Provincial Police, involve employees of a fraudulent investment consulting firm and its founder, who happens […]
Crypto markets held on to gains over the weekend, and Bitcoin has remained in command, dominating the sector while the rest continue to sleep. Last week’s CPI data were in line with expectations, while producer-prices inflation was above estimates. However, markets retreated after Fed Chair Jerome Powell commented that policymakers are now on a more […]