Prosecutors Order Do Kwon To Halt Liquidation Of Millions In Cryptocurrency

The collapse of Terra in May of last year shook the cryptocurrency world. This once-promising ecosystem suffered a devastating drop in value, plummeting from $40 billion to almost nothing. An investigation found that the former CEO, Do Kwon, was at the center of a massive fraud scheme. Since then, authorities in South Korea have been …

Prosecutors Order Do Kwon To Halt Liquidation Of Millions In Cryptocurrency Read More »

OP Crypto Secures $28 Million In Funding

News, Web3 / By Emily Carter

The OP Crypto Fund of Funds (FoF) recently announced that they have successfully raised a total of $28 million since their launch in April of last year. According to David Gan, one of the fund’s directors, 22 people have already invested. Despite the bearish market conditions, the OP Crypto Fund of Funds showed growth, which …

OP Crypto Secures $28 Million In Funding Read More »

In Q1 2023, Bitcoin Surpasses The Top Five Major Indexes By 170%

News / By John Williams

Bitcoin (BTC) is making a comeback in 2023 after a tumultuous 2022, and it’s turning out to be a lucrative investment option that’s outperforming traditional finance products. While Bitcoin and traditional investments showed similar movements in the past year, the cryptocurrency has now surged, recording significant returns. In particular, data acquired and analyzed by Finbold …

In Q1 2023, Bitcoin Surpasses The Top Five Major Indexes By 170% Read More »

BTG Pactual, A Brazilian Bank, Plans To Release A Stablecoin Pegged To The U.S. Dollar

News / By Mark Davis

Brazilian financial institution BTG Pactual is expanding its cryptocurrency offerings by introducing its own stablecoin supported by the US dollar. The bank’s custody services will be used to back the BTG Dol, a new stablecoin that will be pegged to the US dollar at a 1:1 ratio. According to a statement released on April 4, …

BTG Pactual, A Brazilian Bank, Plans To Release A Stablecoin Pegged To The U.S. Dollar Read More »

London Ranks As The World’s Most Crypto-Friendly City For Business, According To Research

News / By Chloe Roberts

According to recent research by Recap, London is leading the way in cryptocurrency readiness. By examining eight crucial indicators, such as taxes, ATMs, job opportunities, and events, London emerged as the top city for businesses and start-ups looking to dive into crypto. With the U.K. Prime Minister Rishi Sunak’s vision to keep the country’s financial …

London Ranks As The World’s Most Crypto-Friendly City For Business, According To Research Read More »

Microstrategy Stock Skyrockets By 100% In 2023 After Buying 8,800 BTC During The 2022 Crash

News / By Emily Carter

According to a recent report, enterprise business intelligence software company MicroStrategy made a bold move during the 2022 cryptocurrency market crash. Despite the market downturn, the company purchased over 8,800 Bitcoin (BTC) for a total of $1.28 billion, resulting in a net loss of $250 million for the year. However, despite this loss, the company’s …

Microstrategy Stock Skyrockets By 100% In 2023 After Buying 8,800 BTC During The 2022 Crash Read More »

MicroStrategy Announces No Intention To Halt Bitcoin Trading Despite $1.3B Paper Loss

News / By Chloe Roberts

MicroStrategy, a leading software analytics company, experienced a significant setback in its Bitcoin holdings last year. Despite a paper loss of over a billion dollars, the company remains committed to trading the digital currency. In its recent 2022 Q4 and year-end earnings report, MicroStrategy revealed that its Bitcoin holdings saw a recorded impairment charge of …

MicroStrategy Announces No Intention To Halt Bitcoin Trading Despite $1.3B Paper Loss Read More »

Retail Giant Pick N Pay Announces Acceptance Of Bitcoin In 1,628 Stores Across South Africa

News, Policy / By Jessica Baker

Exciting news for all the savvy shoppers out there! Pick n Pay, one of South Africa’s leading grocery retailers, has made a bold move by accepting Bitcoin payments through the Lightning Network. This exciting development comes after a successful three-month trial period, making it easier than ever to use your digital currency in your daily …

Retail Giant Pick N Pay Announces Acceptance Of Bitcoin In 1,628 Stores Across South Africa Read More »

Tesla Reports $140 Million Loss From Bitcoin In Sec Filing

News / By John Williams

Tesla recently revealed in a filing with the US Securities and Exchange Commission that they experienced a loss of over $140 million due to their investment in Bitcoin. Despite taking a $204 million impairment charge, the electric car manufacturer was able to gain $64 million from converting their Bitcoin holdings into fiat currency. “In the …

Tesla Reports $140 Million Loss From Bitcoin In Sec Filing Read More »

Mastodon is the newest and most popular Twitter substitute. Can it decentralise social media?

News / By Mark Davis

Why in News? Mastodon, a decentralized micro-blogging site, has been blowing up in popularity since Elon Musk completed his purchase of Twitter. Many users have switched to Mastodon, a decentralized alternative, due to Elon Musk’s contentious buying of the social media company Twitter. Mastodon, an alternative to Twitter with more than an average of 1.8 …

Mastodon is the newest and most popular Twitter substitute. Can it decentralise social media? Read More »