MicroStrategy, a software firm, announced on Wednesday its purchase of bitcoin totaling approximately $615.7 million in cash. This move comes amidst growing expectations for the imminent approval of a spot bitcoin exchange-traded fund (ETF) by the top US markets regulator. Between November 30 and December 26, MicroStrategy and its subsidiaries acquired around 14,620 bitcoins at an average price of…
The crypto market witnessed a remarkable 110% year-to-date surge, fueled by a series of market-reviving milestones in late October. Among the emerging tokens, Bonk, a dog-themed memecoin running on the eco-friendly Solana blockchain, gained prominence since its introduction in December 2022. Recently surpassing the memecoin star Pepecoin in market cap, Bonk’s token price surged from $0.0000028 to $0.000012 in…
Cryptocurrency exchange giant Binance has announced its decision to divest its Russian business to the newly-launched exchange CommEX, marking another instance of international companies exiting Moscow following Russia’s actions in Ukraine. While the financial terms of the deal were not disclosed, Binance clarified that it will not receive ongoing revenue shares from the sale and will not retain an…
The G20 leaders have affirmed their commitment to the prompt implementation of the Crypto Asset Reporting Framework (CARF), aimed at preventing tax evasion through non-financial assets. The CARF will facilitate the exchange of information concerning crypto assets among member nations, with a target to commence exchanges by 2027. This move seeks to deter individuals from using such assets to…
PayPal, the US online payment giant, has launched PYUSD – their own stablecoin pegged to the US dollar. Based on PayPal’s huge user base, crypto scammers acted to take advantage of the opportunity to hunt down victims. Within the first few hours of its launch, a series of misleadingly named crypto tokens surrounding the stablecoin PYUSD, which resemble its…
