Business

1 January

MicroStrategy Shares Drop 46% Since November Peak Amid Bitcoin Debt Strategy Concerns

MicroStrategy, the business intelligence giant that has become synonymous with its massive Bitcoin holdings, is facing a significant decline in its stock value, with shares falling by 46% since their peak in November 2024. This drop has raised concerns about the company’s controversial strategy of using debt to fund its Bitcoin acquisitions, particularly as Bitcoin’s volatility continues to impact the …

1 January

Binance Labs Set for 2025 Rebrand, CZ to Take More Active Role

Binance Labs, the venture capital arm of the world’s largest cryptocurrency exchange, is gearing up for a significant rebrand in 2025. The company, which has been a major player in funding blockchain projects and startups, will undergo a transformation aimed at refining its identity and strengthening its position within the evolving crypto ecosystem. Central to this rebranding effort is Binance …

1 January

Vitalik Buterin Donates $170K in ETH to Aid Tornado Cash Developers’ Legal Battle

Vitalik Buterin, the co-founder of Ethereum, has donated a significant sum of $170,000 in Ethereum (ETH) to support the legal defense of the Tornado Cash developers. The donation comes in response to the ongoing legal challenges faced by the creators of Tornado Cash, a decentralized privacy tool that has come under scrutiny by U.S. authorities. Buterin’s contribution highlights his commitment …

1 January

South Korea’s Dongdaemun Market Vendors Reject Claims of USDT Pay Adoption

In a surprising turn of events, vendors at South Korea’s iconic Dongdaemun Market have denied recent reports claiming that they have adopted USDT (Tether) as a payment method. The rumors sparked a wave of speculation regarding the growing acceptance of cryptocurrency in traditional retail spaces, particularly in a tech-savvy market like South Korea. However, local merchants have firmly rejected these …

1 January

Cardano’s Price Faces Downside Risk—Can It Rebound in 2025?

Cardano (ADA), one of the most well-known cryptocurrencies in the market, is currently navigating a turbulent phase. With its price experiencing a significant dip in recent months, investors are questioning whether the project can regain its momentum and make a strong comeback in 2025. While the future remains uncertain, several factors could influence whether Cardano can recover or face further …

1 January

Tangem Wallet Resolves Email Glitch Exposing User Seed Phrases

Tangem, a leading cryptocurrency wallet provider, has resolved a critical security flaw that previously exposed users’ seed phrases through email communications. The glitch, which went unnoticed for a period of time, raised concerns among users regarding the safety of their private keys and personal information. The company has since addressed the issue and reassured its customers that their assets were …

1 January

Hive Digital Moves HQ to Texas, Eyes Bitcoin Boom Under President-Elect Trump

Hive Digital, a prominent player in the cryptocurrency space, has announced its decision to relocate its headquarters to Texas, citing the state’s favorable stance towards Bitcoin and the expected pro-crypto policies of President-Elect Donald Trump. This move signals the company’s optimism about the future of digital assets in the U.S. under the incoming administration and positions Hive Digital to capitalize …

1 January

Russian Crypto Miners Eye Renewable Power as Regions Move Toward Bans

Amid mounting pressure from local governments and growing restrictions on crypto mining in Russia, miners are now turning their attention to renewable energy sources as a potential solution. As several regions prepare to impose bans on energy-intensive mining activities, the shift towards more sustainable power options could shape the future of Russia’s crypto mining landscape. The Shift Toward Bans Several …

1 January

South Korea Shaken: Arrest Warrant Issued for President Yoon in Martial Law Probe

In a dramatic escalation of political tension, South Korea has issued an arrest warrant for President Yoon Suk-yeol. The move comes amid an ongoing inquiry into allegations surrounding the potential misuse of power and a proposed imposition of martial law. This unprecedented development has sent shockwaves through the nation, raising questions about governance, accountability, and the future of South Korea’s …

1 January

Montenegro Finalizes Do Kwon Extradition: What’s Next for the Crypto Fugitive?

Montenegro has confirmed the successful extradition of Do Kwon, the embattled founder of Terraform Labs, to South Korea. Kwon, a central figure in the catastrophic collapse of the Terra ecosystem in 2022, now faces mounting legal challenges as he is set to answer for his alleged role in one of the most significant crypto scandals in history. The Extradition Process …