XRP is down today, wiping out most of the gains made in December against Bitcoin, despite BTC price hitting $100,000. Source: https://cointelegraph.com/news/rip-altseason-xrp-price-down-13-bitcoin-100k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: December 2024
Sotheby’s VP’s memecoin allows trader to make $1M in 30 mins
A trader gets a 120x return 30 minutes after purchasing Sotheby’s executive Michael Bouhanna’s second memecoin token, “VOID.” Source: https://cointelegraph.com/news/sothebys-vice-president-solana-memecoin-allegations?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
CFTC bags record $17B in 2024 thanks to massive crypto enforcement
The US commodities regulator recovered $12.7 billion in the FTX case, which was the “largest recovery for victims and sanctions in CFTC history.” Source: https://cointelegraph.com/news/cftc-record-17-billion-relief-ftx-crypto?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
No Bitcoin! Central Bank of Chile Rejects Adding BTC as a Reserve Asset
The Central Bank of Chile recently stated that it could not add bitcoin to its reserves, as this crypto asset fails to comply with the requirements to be included as a bank investment. Central Bank of Chile Would Not Add Bitcoin to Its Reserves The debate about bitcoin as a reserve asset and the issue […] Source: https://news.bitcoin.com/no-bitcoin-central-bank-of-chile-rejects-adding-btc-as-a-reserve-asset/
What are convertible senior notes? How MicroStrategy uses them to buy Bitcoin
For companies like MicroStrategy, convertible senior notes provide low-interest financing and flexible capital without diluting shareholders. Source: https://cointelegraph.com/explained/what-are-convertible-senior-notes-how-microstrategy-uses-them-to-buy-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
NFTs are not dead, they’re evolving: Hashing It Out podcast
NFTs may have died down, but RARI Foundation’s Jana Bertram is bullish on their evolution, according to her analysis of the industry in the latest episode of the Hashing It Out podcast. Source: https://cointelegraph.com/news/are-nfts-dead-they-are-evolving-says-rari-foundation-s-jana-bertram?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
India’s Web3 dominance fueled by 1K startups, global investments, dev talent
India is on track to lead Web3 adoption by 2027, driven by startups, developers and government-backed blockchain initiatives. Source: https://cointelegraph.com/news/india-web3-startup-ecosystem-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Circle Commits to Updated Canadian Stablecoin Regulatory Requirements
The updated rules were introduced last year and outline several requirements for crypto exchanges and stablecoin issuers. USDC Issuer Circle Claims It Was First to Comply With Canada’s Interim Listing Rules Stablecoin issuer Circle, whose flagship product USDC has a current market capitalization of roughly $40 billion, issued a formal undertaking on Wednesday to Canadian […] Source: https://news.bitcoin.com/circle-commits-to-updated-canadian-stablecoin-regulatory-requirements/
Grayscale Files for Solana ETF With NYSE Arca Amid Expanding Crypto Offerings
The multi-billion-dollar crypto asset manager has joined the race to launch the first spot solana exchange-traded fund (ETF) in the U.S. Grayscale Becomes Fifth Asset Manager to File for a Solana ETF Crypto asset manager Grayscale is looking to convert its $120 million Grayscale Solana Trust (GSOL) into a spot ETF after U.S. exchange NYSE […] Source: https://news.bitcoin.com/grayscale-files-for-solana-etf-with-nyse-arca-amid-expanding-crypto-offerings/
BlackRock’s IBIT Hits $50 Billion in Record Time as Bitcoin Surges Past $100,000
BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed $50 billion in assets under management, achieving the milestone in just 228 days—more than five times faster than any other ETF in history. For perspective, the previous record-holder, BlackRock’s iShares Core MSCI EAFE ETF (IEFA), took 1,329 days to reach the same threshold, according to Bloomberg senior ETF analyst Eric Balchunas. The rapid…