Business

28 February

Japan’s Metaplanet Raises $13.6M in Bonds for Bold Bitcoin Bet

Tokyo, Japan – In a strategic move to bolster its Bitcoin holdings, Japanese investment firm Metaplanet has announced the issuance of $13.6 million in bonds to acquire additional BTC. This aggressive push underscores the growing adoption of Bitcoin as a reserve asset, with Metaplanet following in the footsteps of major players like MicroStrategy. Metaplanet’s Bitcoin Strategy The firm, traditionally focused …

28 February

Solana Community to Decide: 80% Inflation Cut on the Table!

Solana’s governance is gearing up for a major decision as a new proposal seeks to slash the network’s token inflation by 80%. If passed, this change could have significant implications for SOL holders, staking rewards, and long-term tokenomics. What’s in the Proposal? Currently, Solana has an annual inflation rate of approximately 8%, which gradually decreases over time. However, this new …

28 February

Core Scientific Bets Big: $1.2B Data Center Expansion Amid $265M Q4 Loss

Austin, TX – Despite reporting a staggering $265 million loss in Q4, Bitcoin mining giant Core Scientific is doubling down on its future with a $1.2 billion data center expansion plan. This bold move underscores the company’s confidence in long-term blockchain infrastructure demand, even as the mining industry faces profitability challenges. Massive Expansion Amid Market Uncertainty Core Scientific, one of …

28 February

South Korea Launches Elite Crypto Crime Unit to Tackle Digital Fraud!

Seoul, South Korea – In a bold move to combat rising cryptocurrency-related crimes, South Korea has officially launched a specialized Crypto Crime Investigation Unit under the national prosecution office. This initiative marks a significant step in strengthening regulatory oversight and cracking down on illicit activities in the digital asset space. Why Was the Unit Created? South Korea has emerged as …

28 February

Upbit Stock Plummets Amid Probe Turmoil – But a Rebound May Be on the Horizon

Seoul, South Korea – Upbit, one of South Korea’s largest cryptocurrency exchanges, is facing a turbulent period as its stock price nosedives following an ongoing regulatory probe. Investors are rattled by uncertainty, but market experts suggest that a strong recovery may be on the horizon. Regulatory Scrutiny Sparks Panic Selling The sharp decline in Upbit’s stock comes after South Korean …

27 February

U.S. Lawmakers Push to Repeal Controversial DeFi Broker Rule – What’s Next?

A growing coalition of U.S. lawmakers is moving to repeal the controversial DeFi broker rule, a regulation that many in the crypto industry argue threatens innovation and imposes unrealistic compliance burdens on decentralized finance (DeFi) protocols. The proposed rollback comes amid increasing concerns that the rule could stifle growth, drive developers offshore, and hinder financial freedom in the U.S. crypto …

27 February

SEC Eases Crypto Crackdown as Gemini Becomes Latest to Confirm Shift

In a surprising turn, the U.S. Securities and Exchange Commission (SEC) appears to be scaling back its aggressive enforcement campaigns against the crypto industry, marking a potential shift in regulatory approach. The change comes as Gemini, the crypto exchange founded by the Winklevoss twins, confirms that it has noticed a more measured stance from the agency in recent dealings. Is …

27 February

Gotbit Founder Extradited to US Amid Market Manipulation and Fraud Scandal

The founder of Gotbit, a controversial crypto market-making firm, has been extradited to the United States to face market manipulation and fraud charges, marking a significant crackdown on alleged illicit trading practices in the crypto industry. The extradition underscores growing regulatory efforts to curb fraudulent activities that artificially inflate token prices and mislead investors. Gotbit’s Alleged Role in Market Manipulation …

27 February

Story (IP) Defies Crypto Slump – How High Can It Soar in 2025?

While the broader crypto market faces a downturn, Story (IP) has emerged as a standout performer, surging against the trend and capturing investor attention. As major cryptocurrencies like Bitcoin and Ethereum struggle with sell-offs, Story’s resilience has sparked speculation about how high it could climb in 2025. Story (IP)’s Impressive Rally Over the past few weeks, Story (IP) has defied …

27 February

FSB Cracks Down on Crypto Mining: Hundreds of Rigs Seized After Russian Village Blackout

Russian authorities have intensified their crackdown on illicit cryptocurrency mining after a wave of power outages hit a rural village, allegedly caused by underground mining operations. The Federal Security Service (FSB), along with local law enforcement, raided multiple locations and seized hundreds of mining rigs, blaming the unauthorized activity for straining the regional power grid. Illegal Mining Sparks Outages in …