Metaplanet, a Japanese investment firm, recently secured a $6.8 million loan from MMXX Ventures to increase its Bitcoin holdings. This move is part of the company’s larger strategy to raise $70 million through a stock rights offering, with a significant portion earmarked for Bitcoin investments. The decision to allocate a substantial amount towards Bitcoin comes
Bitcoin, the leading cryptocurrency in the world, has recently experienced a significant price drop, causing many investors to panic. However, a crypto analyst known as ‘The Crypto Dog’ has come forward with an optimistic forecast for Bitcoin’s future. According to the analyst, Bitcoin could potentially recover from its recent losses at a rate equal to
Immutable, a key player in the NFT and blockchain gaming space, recently announced its decision to close down its NFT marketplace. This strategic move is in line with the company’s overarching goal of supporting and expanding its network by collaborating with other marketplaces within its ecosystem. The closure of Immutable Marketplace is scheduled to take
The potential addition of options features for Bitcoin (BTC) exchange-traded funds (ETFs) in the US is creating a buzz in the market. Bloomberg ETF analyst James Seyffart believes that these features might be included in the fourth quarter. However, there is a possibility that this offering could kick off as early as the third quarter,
In a recent report by Fox Business, it was revealed that a new advocacy group known as “Crypto for Harris” has been launched with the goal of countering Donald Trump’s influence in the industry. The group is set to hold a virtual town hall meeting in the upcoming week to show their support for the
BTSE recently made headlines with the launch of BTSE Dex 2.0, a platform that revolutionizes the trading experience by introducing cross-compatibility for Ethereum Virtual Machine-based chains. This upgrade enables users to trade over 50 perpetual futures on various networks such as Base, Optimism, and Arbitrum. A key feature of BTSE Dex 2.0 is its integration
Brazil’s Securities and Exchange Commission (CVM) recently made headlines by approving the country’s first Solana-based exchange-traded fund (ETF). This approval has positioned Brazil ahead of other countries, such as the United States, in the realm of crypto investments. The ETF, created by QR Asset and managed by Vortx, is currently in the preparatory stage awaiting
After the recent Bitcoin price crash below $60,000, there has been a sense of disappointment among investors as hopes for a new all-time high in the short term have been diminished. However, many analysts remain optimistic about the long-term prospects of the Bitcoin price. One such believer is CryptoQuant CEO Ki Young, who recently shared
XRP has recently shown significant strength in the crypto market, outperforming other major assets with a notable price increase of nearly 20% in just one day. While other cryptocurrencies have been struggling, XRP has managed to reach $0.64 before slightly retracing to $0.61. This surge has led to a monthly gain of 42%, showcasing a
In a recent development, United States District Judge Peter Castel has finalized a $12.7 billion settlement requiring the bankrupt cryptocurrency exchange FTX and its sister company Alameda Research to compensate the creditors of FTX. This settlement is the result of a lawsuit filed by the United States Commodity Futures Trading Commission (CFTC) that lasted for
