Tag: Business
From $120 to $178M: The Journey of an OG Bitcoin Investor
An OG Bitcoin investor recently made a significant move by transferring 2,000 BTC, valued at $178 million, to Coinbase. This investor had been holding onto their Bitcoin stash since 2010, when the price of...
dYdX Community Approves Revenue Sharing Proposal – A Step Towards Growth
The dYdX Foundation recently announced a significant development for its community - the approval of a revenue-sharing proposal. This proposal, which was passed on November 15th, outlines the allocation of 50% of protocol revenue...
Federal Prosecutors Scale Back Cryptocurrency Lawsuits
Federal prosecutors are easing up on their crackdown on cryptocurrency businesses, providing some relief to the industry. This decision comes after President Donald Trump's re-election, with the U.S. Attorney's Office in Manhattan signaling a...
Exploring Aave’s Potential Expansion to Bitcoin Layer 2: Spiderchain Integration
Aave, the leading decentralized finance (DeFi) lending platform, is considering expanding its operations to the Bitcoin layer-2 network Spiderchain. The initiative, known as the Aave-Chain Initiative (ACI), is currently seeking feedback from its community...
Crypto’s Potential Role in Rescuing US from Debt Crisis
Cryptocurrency enthusiasts and financial experts are buzzing about the potential role of crypto in helping the U.S. navigate its mounting debt crisis. Former House Speaker Paul Ryan recently shared his thoughts on the matter...
Jay Clayton Appointed to DOJ Office Previously Prosecuting SBF
President-elect Donald Trump has announced that Jay Clayton, the former Securities and Exchange Commission Chair, will be appointed as the U.S. Attorney for the Southern District of New York, leading the state's Department of...
DeFi Technologies Launches CoreFi Strategy: A Publicly-Traded Innovation
DeFi Technologies has recently introduced CoreFi Strategy Corp, a publicly traded company that will provide investors with exposure to Bitcoin-focused decentralized finance through the Core blockchain. This initiative was influenced by successful companies like...
Bitfarms Stock: Analyst Reiterates ‘Buy’ Rating Despite Selloff
H.C. Wainwright & Co. analysts have reiterated their “Buy” rating on Bitfarms, a Bitcoin mining company, despite a recent 15% decline in the stock price. This drop came after Bitfarms announced delays in reaching...
Strategic Bitcoin Reserve: Michael Saylor’s Insight on US Govt Purchases
Michael Saylor, the executive chairman of MicroStrategy (MSTR), strongly believes that the United States government should establish a strategic reserve of bitcoin (BTC). Although this idea is currently just a thought and not a...
Challenges of Blocking U.S. Users on Polymarket: A Closer Look
Polymarket, a prediction market platform, is currently facing challenges as it is under investigation by the Department of Justice for allowing U.S. residents to trade on its platform despite a regulatory settlement prohibiting such...
