MicroStrategy, a business intelligence firm led by co-founder Michael Saylor, has emerged as a dominant force in the cryptocurrency landscape, particularly with its aggressive accumulation of Bitcoin (BTC). Recent reports indicate that MicroStrategy has further expanded its already substantial holdings by investing an additional $209 million to acquire 2,136 BTC. This decision marks the company’s
Crypto
As the end of 2024 approaches, the anticipated festive boost, commonly referred to as the Santa Claus rally, seems elusive in the cryptocurrency sector. Bitcoin, the flagship digital asset, has witnessed a significant downturn, with its value sinking below the crucial $94,000 mark. This decline comes at a time when the broader cryptocurrency market is
The realm of real-world assets (RWAs) within decentralized finance (DeFi) has emerged as a powerhouse, achieving an extraordinary surge in growth that, over the last three years, magnified its valuation by a staggering 58 times. Recent insights from DeFiLlama indicate that the total value locked (TVL) within this domain has reached an unparalleled height of
South Korea has witnessed an extraordinary increase in the adoption of cryptocurrency among its populace. Recent statistics reveal that over 15.5 million South Koreans hold some form of digital assets, translating to approximately 30% of the nation’s population. This heightened interest in cryptocurrencies reflects not only a growing fascination with digital currencies but also the
In a remarkable turn of events that intertwines personal tragedy with the booming world of cryptocurrency, Siqi Chen is redefining the landscape of charitable giving. After learning that his young daughter, Mira, is suffering from a rare brain tumor, Chen took to social media in an impassioned plea for support. His call to action resonated
This past weekend has seen Bitcoin (BTC) grapple with notably diminished trading volumes, resulting in marginal price fluctuations. The cryptocurrency has experienced challenges in maintaining its recent upward trajectory, attempting to reclaim highs that have eluded it the past few days. Following a tense period where BTC’s price dipped to around $92,000 on December 21,
As 2024 draws to a close, XRP has experienced a tumultuous journey in the cryptocurrency market. Following Donald Trump’s significant victory in the presidential elections, the market witnessed a rally, but XRP’s trajectory was notably restrained compared to other digital assets. Echoing through the crypto community were the optimistic sentiments surrounding the possible resolution of
In a startling incident that underscores the vulnerabilities within the crypto environment, Animoca Brands’ co-founder and chairman, Yat Siu, fell victim to a sophisticated phishing attack. Hackers infiltrated his X account, falsely representing the company to launch a fraudulent token on Solana’s Pump.fun platform. This deceptive maneuver not only tarnished the reputation of Animoca Brands
In a significant move within the cryptocurrency sector, SBI VC Trade, a subsidiary of the Japanese financial powerhouse SBI Holdings, is gearing up to assimilate the accounts and holdings of the troubled crypto exchange DMM Bitcoin. This transition is poised to occur on March 8, 2025, marking a pivotal moment following DMM’s tumultuous liquidation process
In recent years, Bitcoin has emerged not just as a cryptocurrency but as a significant asset in the realm of geopolitics. Various nations are vying to secure Bitcoin as part of their national reserves, seeing it as a way to enhance financial sovereignty and reduce reliance on traditional currencies. However, the global narrative surrounding Bitcoin
