Category Archive: Cryptocurrency, No picture
Over 1% of Bitcoin Now Lives as WBTC on Ethereum
Key Takeaways WBTC has reached a supply of 187,610 which is equivalent to roughly 1% of Bitcoin’s circulating supply. Of all the tokenized variants of BTC, WBTC has found the most traction among Bitcoin holders. Despite the advantages, WBTC carries some risk as tokenization exposes users to counterparty risk. This news was brought to you […]
U.S. Seizes $2.3M in Bitcoin from Colonial Pipeline Hackers
Key Takeaways The FBI has recovered more than half of the ransom paid to the Colonial Pipeline hackers by following the funds on-chain and contacting the custodian of the public address. Bitcoin has dipped in the last 24 hours, possibly because some believed that the FBI was able to hack the network. The Department of […]
White House Advisor Holds Over $1M in Bitcoin: Report
Key Takeaways Tim Wu, a member of the National Economic Council in the U.S., holds Bitcoin and Filecoin. His financials revealed that his cryptocurrency investments account for more than 25% of his assets. Tim Wu serves as a special assistant to President Biden on technology and competition policy. Tim Wu, a top official in Joe […]
Latin American Leaders Show Support for Bitcoin
Key Takeaways Latin American politicians in Argentina, Brazil, Panama, and Paraguay have taken to social media to show support for Bitcoin. The posts follow El Salvador President Nayib Bukele’s announcement that he has hopes of making Bitcoin legal tender. Panama’s Gabriel Silva said that he would be preparing a proposal to “support cryptocurrencies,” while Paraguay […]
Monero Team Receives Anonymous $500,000 Donation
Key Takeaways Monero has received a donation of 1711 XMR ($486,600). The team plans to publish a spending report in the coming months. Monero’s General Fund helps the project purchase web services, tools, and salaries for contractors. The team behind Monero has received a donation of nearly $500,000, according to the project’s Twitter account. $500,000 […]
Trump: Bitcoin “Seems Like a Scam,” Threatens the Dollar
The former U.S. president has confirmed that he is not a fan of cryptocurrencies. Trump Slams Bitcoin Donald Trump thinks Bitcoin could be “a scam.” In a Monday interview with Fox Business, the 45th U.S. President answered a question on whether he had plans to invest in the leading cryptocurrency. He responded that he hadn’t […]
Bank of England Says Stablecoins Should Be Regulated
Key Takeaways The Bank of England has suggested implementing banking rules for stablecoins in an official document published Monday. The paper details the bank’s view on stablecoins and other digital currencies. It raised concerns around the bank losing control over savings deposits and traditional payment channels. This news was brought to you by Phemex, our […]
MicroStrategy to Raise Another $400M in Debt for Bitcoin
MicroStrategy has announced the sale of $400 million in senior secured notes due 2028 in a private offering to qualified institutional investors. The $400 million sum will be used to buy Bitcoin. MicroStrategy Plans Bitcoin Buy Michael Saylor isn’t done accumulating Bitcoin. The MicroStrategy founder announced a proposed private offering for $400 million of senior […]
BSC Project Clones Uniswap V3 Despite License
Key Takeaways A Uniswap V3 fork called HolaSwap has launched on Binance Smart Chain. As Uniswap V3’s source code is protect by copyright, there could be legal ramifications if the anonymous developers are traced. Unlike Uniswap, HolaSwap is yet to launch a governance token. This news was brought to you by ANKR, our preferred DeFi […]
After El Salvador, Paraguay Hints at Bitcoin PayPal Project
Key Takeaways Paraguay’s Deputy of the Nation, Carlos Antonio Rejala Helman, has hinted that the country will start working on a big project involving Bitcoin and PayPal this week. Rejala Helman said that the project would “innovate Paraguay in front of the world” accompanied by a photo of himself sporting Bitcoin-themed “laser eyes.” The announcement […]
