Tether CEO Paolo Ardoino has disclosed details about the stablecoin issuer’s reserves, revealing that it holds $5.58 billion in Bitcoin (BTC), $3.87 billion in gold, and approximately $100 billion in U.S. Treasury bonds. This breakdown comes as the company faces allegations of a federal investigation in the U.S. and renewed...
Metaplanet’s Bitcoin Holdings Surpass 1,000 BTC After Latest Purchase
Japan’s investment firm Metaplanet has increased its Bitcoin (BTC) holdings to over 1,000. This follows a recent purchase of 156.7 BTC for approximately 1.6 billion yen, or about $10.4 million. Metaplanet Shares Surge 7.18% Following Purchase The acquisition, announced on Monday in an X post, brings Metaplanet’s total Bitcoin reserves...
FTX Agrees to $228 Million Settlement in Bybit Legal Dispute
FTX has agreed to settle its lawsuit against Bybit, its executives, and investment arm Mirana, securing an expected $228 million to aid in repaying creditors. This recovered amount is expected to help the bankrupt exchange repay its creditors. FTX-Bybit: Closure in Sight The deal, outlined in an Oct. 24 court...
What Is The Open Network (TON): All You Need to Know in 2024
One thing that Telegram mini-games proved is that crypto adoption doesn’t necessarily start by pushing complex technologies and burdensome onboarding processes that considerably hinder user experience. With just a few mechanics and clear in-game economies and rewards, Telegram-based crypto games made headlines throughout 2024, creating a fuss on social media...
Quantum Leap: Quantum and AI Will Make Hackers More Powerful Than Ever (Op-Ed)
The advancement of computing power over the past few decades has been extraordinary. As computers become more powerful, hackers gain access to more sophisticated tools to launch attacks against crypto platforms. The threat of quantum and AI-driven hacks will soon be a major challenge for crypto entrepreneurs and developers. Web3...
Bitcoin Inflows Hit $920M as US Political Momentum Fuels Digital Asset Investments
Investment inflows into digital assets reached a whopping $901 million in October, comprising 12% of assets under management and marking the fourth-largest monthly inflows to date. With these additions, year-to-date inflows have reached $27 billion – almost triple the 2021 record of $10.5 billion. US Political Climate Drives Bitcoin Inflows...
Watch Out: Shiba Inu (SHIB) Team Issues an Important Alert to the Community
TL;DR The Shiba Inu team warned of scammers promoting a fake Treat token. Wrongdoers also target Shiba Inu community members on Telegram with fraudulent airdrops and impersonation schemes designed to steal personal data or funds. The ‘Misleading Tactics’ Shiba Inu – the self-proclaimed Dogecoin killer – has a vast community...
Can DOGE Soar Even Further After Elon Musk’s Latest Dogecoin Interaction?
TL;DR Dogecoin surpassed $0.14 once again, potentially fueled by Elon Musk’s recent appearance at a Trump rally and his playful nod to the meme coin. Analysts see the potential for more price hikes, with targets up to $0.175 or higher if resistance levels are broken to the upside. DOGE on...
Michael Saylor Lauds Bitcoin as MicroStrategy Enters the ‘Magnificent 8’
MicroStrategy, known for its Bitcoin (BTC) investment strategy, recently catapulted into the top tier of the U.S. stock market, beating Amazon and Alphabet in daily trading volume for the first time. With $5.5 billion traded on October 25, the company seems to have cemented its place in mainstream finance, joining...
Bitcoin Price Analysis: BTC Has to Reclaim This Crucial Level to Aim for New All-Time Highs
Bitcoin is showing strong signs of a bullish recovery, with its price approaching the key $70K resistance level. Buyers are focused on breaking this critical threshold, aiming for a new all-time high by the end of the year. Technical Analysis By Shayan The Daily Chart Bitcoin’s price action on the...