Author: Nicholas Say

With Bitcoin crossing the $100,00 threshold, MicroStrategy’s Bitcoin holdings have surged to a value of $41.6 billion, resulting in over $18 billion in unrealized gains, according to data from the company’s portfolio tracker. Michael Saylor-led business intelligence firm now holds 402,100 BTC. With that stack of BTC, the company is set to see huge profits as BTC continues higher in this wild rally. MicroStrategy just added 15,400 Bitcoin worth around $1.5 billion to its holdings on Monday. The business intelligence company has purchased Bitcoin for four consecutive weeks. The latest acquisition comes after a record-breaking $5.4 billion Bitcoin purchase earlier…

A wallet tied to the US government has recently transferred $33 million worth of cryptocurrencies to two unidentified addresses. These funds are part of the assets seized from defunct exchange FTX and its sister company Alameda Research. It’s unclear whether the authorities will sell part of their holdings. The US government isn’t especially open about its plans, which could drive market uncertainty. According to data tracked by analysis platform Arkham Intelligence, the government-labeled wallet sent multiple altcoins to new addresses on December 3. The list includes some major coins like ETH, SHIB, BUSD, and WBTC, among others. More FTX Fun!…

The price of Moo Deng (MOODENG), the popular Solana-based memecoin, has skyrocketed over 120% after Coinbase said it has added the token to its listing roadmap. The meme token has recorded 303% growth over the past 30 days. Like many meme tokens, MOODENG is up, and tiding a wave of market maina higher. Data from CoinGecko shows that MOODENG rose from $0.29 to $0.61 in over an hour after the announcement surfaced on Monday. The token extended its rally during the day, hitting a high of $0.65. At the time of reporting, it was trading at around $0.61, up over…

Japan’s cryptocurrency exchange DMM Bitcoin is set to liquidate its assets and wind down operations following a May exploit that resulted in over $320 million drained, according to a Dec. 2 notice from the exchange. The exchange plans to transfer customer assets to SBI VC Trade, a subsidiary of SBI Holdings, by March 2025. “DMM Bitcoin Co., Ltd. is pleased to announce that we have agreed to transfer customer accounts and custody assets to SBI VC Trade Co., Ltd. on November 29, 2024,” the exchange said. Liquidation As part of its liquidation plan, DMM Bitcoin will move customer accounts and…

There is nowhere to hide on the blockchain! Data is likely the most important commodity today. Some even call it the “New Oil”. Which is part of the problem. Unlike oil or wheat, data is collected and traded in the shadows. Most people don’t understand that the online data they create is a huge business. Public blockchains like Bitcoin are valuable in part because they are an immutable record of every transaction on the network – ever. No matter how large or small, every move on the blockchain is recorded forever. As totally public blockchains – anyone can inspect the…

The global banking system, burdened by decades-old infrastructure, has struggled to keep pace with the demands of the digital age. Transactions in countries like the U.S. still take at least one business day to process due to reliance on outdated networks like ACH despite many countries and regions, as well as fintech apps, being able to offer instant transfers. CrossFi was born from the mission to usher this transformation, bridging the traditional and digital financial worlds into one unified ecosystem with truly global capabilities. By integrating the advantages of blockchain’s decentralization, security, and transparency with the reliability and familiarity of…

Coinbase is winding down its USDC Rewards program for users in the European Economic Area (EEA) to comply with the Markets in Crypto Assets Regulation (MiCA), which went into effect on June 30. The exchange said that MiCA regulation will affect e-money tokens. With more regulations, more enforcement will follow. The move was first shared by Marina Markezic, an X (formerly Twitter) user, on November 28. In an email sent to users who may be affected by the change, Coinbase stated that users will still be able to earn rewards until November 30 before it officially suspends the program on…

Cryptocurrency lender Celsius Network is set to allocate additional $127 million funds to its creditors as part of its reorganization plan. It will be the firm’s second distribution, following a $2.53 billion payout made earlier this year. The amount of Bitcoin distributed in these payouts is based on a predetermined price of $95,836.23 per Bitcoin According to a notice dated Nov. 27, creditors who fall into five categories—”retail borrower deposits, general earn claims, withhold claims, unsecured loan claims, and general unsecured claims”—may be eligible to get back a portion of their claims. The Process Grinds On Each eligible creditor will…

Tornado Cash’s TORN token skyrocketed over 420% in the last 24 hours following a court ruling that found that the U.S. Treasury Department exceeded its lawful powers when sanctioning the cryptocurrency mixer. According to data from CoinGecko, TORN traded at around $36 at its peak in February 2021 but entered a sharp decline amid the cryptomarket downturn. The token’s price plummeted from around $30 to $3 following the Treasury’s August 2022 sanctions on Tornado Cash. After rallying to over $34 on Tuesday in response to the recent legal win, the token has retreated, currently trading at approximately $18. Despite the…

WisdomTree Funds, a prominent global asset management firm specializing in exchange-traded products, has filed to establish a Delaware statutory trust entity for its proposed XRP ETF. The filing, submitted on November 25, indicates WisdomTree’s intention to launch an investment product that tracks the prices of Ripple’s native token. Typically, asset managers will lodge an S-1 registration form with the Securities and Exchange Commission (SEC) a few days after the Delaware filing. This comes after the New York-based fund manager debuted an XRP ETP in Europe last week. The product, also known as WisdomTree Physical XRP (XRPW), is available on major…