Business

22 January

MicroStrategy’s Massive Bitcoin Move: 11,000 BTC Bought for $1.1 Billion

In a bold and strategic move, MicroStrategy, the business intelligence giant, has announced the acquisition of 11,000 Bitcoin (BTC) worth approximately $1.1 billion. This latest purchase further solidifies the company’s position as one of the largest institutional holders of Bitcoin and underscores its unwavering commitment to the cryptocurrency as a core asset in its financial strategy. A Record-Breaking Investment MicroStrategy’s …

22 January

Davos 2025: Binance CEO Reveals Users Saved $1.75B in Remittance Fees

At the World Economic Forum in Davos 2025, Binance CEO Changpeng Zhao (CZ) made a groundbreaking announcement, revealing that Binance users have collectively saved an impressive $1.75 billion in remittance fees. This revelation highlights the transformative impact that cryptocurrency and blockchain technology are having on global money transfers, offering a faster, cheaper, and more efficient alternative to traditional remittance services. …

22 January

Crypto.com Steps Up: US Institutional Trading Platform to Enhance Retail App Features

Crypto.com, a leading global cryptocurrency platform, has unveiled a new US institutional trading platform, designed to enhance its retail trading app and broaden its offerings to professional investors. This move marks a significant expansion of Crypto.com’s services, as the company seeks to position itself at the intersection of institutional and retail crypto trading. The new institutional trading platform is designed …

22 January

Kazakhstan’s Crypto Crackdown Hits Hard: Exchange Operators Face Jail Time

Kazakhstan’s government has escalated its efforts to combat illegal cryptocurrency trading, sending a strong message to the industry with the recent conviction of several crypto exchange operators. The court rulings, which have resulted in jail sentences for the individuals involved, mark a significant step in the country’s ongoing crackdown on unregulated crypto activities. The crackdown follows a series of government …

22 January

SEC Steps Up: Trump-Backed Task Force to Draft Clear Guidelines for Crypto

In a move to provide greater clarity and regulation to the rapidly evolving world of cryptocurrencies, the U.S. Securities and Exchange Commission (SEC) has launched a dedicated task force aimed at developing comprehensive guidelines for the crypto industry. This initiative, which came to fruition during the Trump administration, seeks to establish clear and uniform standards that will govern cryptocurrency operations …

22 January

Web3 Evolution: Bitpanda Debuts Non-Custodial Wallet & Crypto Launchpad

Bitpanda, the renowned digital investment platform, has taken a significant step into the Web3 space with the launch of its new Web3 suite. This includes a non-custodial wallet and a crypto launchpad, signaling the company’s commitment to empowering users with greater control and access to decentralized financial opportunities. Introducing Bitpanda’s Non-Custodial Wallet A key highlight of Bitpanda’s Web3 suite is …

22 January

Sol Strategies Breaks New Ground in OTC Group Best Market with ‘CYFRF’ Ticker

Sol Strategies, a leading player in the financial services sector, has officially entered the OTC Group Best Market under the ticker symbol “CYFRF.” This move marks a significant milestone for the company as it expands its footprint in the over-the-counter (OTC) market, positioning itself for growth and further visibility within the global financial ecosystem. The OTC Group Best Market is …

22 January

Crypto Trading Boom: Deribit Sees $1.1 Trillion in 2024, a 95% Yearly Growth Surge

Deribit, one of the leading cryptocurrency derivatives exchanges, has reported an astonishing $1.1 trillion in trading volume for 2024, marking an impressive 95% year-over-year growth. This surge highlights the increasing interest and liquidity in the crypto derivatives market, positioning Deribit at the forefront of the industry’s evolution. The surge in trading volumes comes as institutional investors and retail traders alike …

22 January

Crypto Con Artists Set Sights on $TRUMP and $MELANIA Tokens, Russian Firm Reports

In a new report, a Russian cybersecurity firm has uncovered a surge in fraudulent crypto token schemes using the names of high-profile political figures, specifically former U.S. President Donald Trump and his wife Melania Trump. The report warns of a growing trend where con artists are launching counterfeit cryptocurrencies, hoping to capitalize on the Trumps’ brand recognition. These fraudulent tokens, …

22 January

Circle’s Digital Asset Evolution: Hashnote Acquisition Signals New Era

Circle, a leading global financial technology firm, has announced its acquisition of Hashnote, a prominent player in the decentralized finance (DeFi) space. This strategic move underscores Circle’s commitment to expanding its digital asset ecosystem and enhancing its capabilities in decentralized finance solutions. The acquisition also brings the integration of USYC, a regulated stablecoin, into Circle’s growing suite of financial products. …