Author: Ava Patel

Article written by Ava Patel

Arthur Hayes urges Donald Trump to devalue gold and create a Bitcoin reserve

December 20, 2024 1 min read

Arthur Hayes, CEO of BitMEX, has suggested that the United States should lower the value of gold and create a Bitcoin reserve to boost economic growth. Hayes suggests that this strategy might help the U.S. Treasury quickly create dollar credits, which could be used to buy Bitcoin (BTC). He thinks that this action would help the economy and strengthen the U.S.’s position as a global financial leader. The Treasury currently

FTX will begin creditor repayments on January 3, 2025

December 17, 2024 1 min read

FTX will start its Chapter 11 reorganization plan on January 3, 2025, and expects to repay creditors in about 60 days. The company has partnered with BitGo and Kraken to help distribute funds, offering some hope for those impacted by its earlier collapse. Creditors who qualify need to provide tax documents and sign up on one of the platforms to get their repayments. Payments will go to the official transferee

Michael Saylor hints at a new Bitcoin purchase as MicroStrategy joins Nasdaq-100

December 17, 2024 1 min read

Michael Saylor, co-founder of MicroStrategy, is attracting attention for a possible new Bitcoin purchase after the company was recently added to the Nasdaq-100 Index. This achievement has strengthened MicroStrategy’s position in the tech and finance industries. Saylor suggested that Marathon Digital Holdings could be the next crypto company to join the index. On December 15, Saylor mentioned the SaylorTracker, a tool that tracks MicroStrategy’s Bitcoin purchases, and suggested it might

MicroStrategy may enter the Nasdaq 100 this week

December 15, 2024 1 min read

MicroStrategy is on the verge of potentially joining the Nasdaq 100, possibly replacing Moderna, due to a remarkable surge in its stock driven by substantial investments in Bitcoin. Analysts Eric Balchunas and James Seyffart anticipate that this inclusion could be announced as early as this Friday, with an official listing expected on December 23. This would represent a significant achievement for MicroStrategy, positioning it among the top 100 publicly traded

Bitget Token (BGB) surges over 36% and recorded a new all-time high of $3.28

December 12, 2024 1 min read

In a changing global cryptocurrency market, Bitget Token (BGB) has stood out, rising by 36% to reach an all-time high of $3.28. This rally happened even though Bitcoin recently dropped to the $96K range, showing BGB’s strength. BGB is trading at $3.24 and has a market cap of $4.53 billion. Its trading volume increased by more than 109% to $468 million in just 24 hours. The token did well because

Bitcoin mining firm MARA spends $1.1 billion for 11,774 BTC

December 11, 2024 1 min read

Marathon Digital Holdings (MARA) has grown its cryptocurrency collection by buying 11,774 BTC for $1.1 billion. Now, it holds a total of 40,435 BTC. MicroStrategy, the biggest public holder of Bitcoin, recently announced that it bought 21,550 BTC for $2.1 billion. MARA recently bought something using money from selling zero-coupon convertible notes, as stated in a recent SEC filing. Public companies are increasingly investing in Bitcoin, and MARA has seen

The price of bitcoin surges above $100,000 for the first time with over $2 trillion market cap

December 5, 2024 1 min read

Bitcoin has achieved a historic milestone, surpassing the $100,000 threshold for the first time, driven by strong institutional demand, corporate investments, and optimistic expectations regarding crypto-friendly policies under Donald Trump’s presidency. With a remarkable year-to-date increase of approximately 130%, Bitcoin’s market cap has reached $2 trillion, positioning it among giants like Nvidia, Apple, Microsoft, Google, and Amazon. A significant catalyst for this surge has been the anticipated launch of spot-based

With Donald Trump’s return, the crypto industry anticipates rapid progress on pro-crypto laws

December 4, 2024 1 min read

As Donald Trump prepares to assume office as the 47th President of the United States, optimism is rising in the cryptocurrency sector. Many believe his administration will introduce supportive regulations and foster a pro-crypto environment. Coinbase Chief Policy Officer Faryar Shirzad recently shared his belief that crypto-related legislation could advance swiftly under the new leadership. In an interview with CNBC, he noted that Trump, along with what he called the

Vancouver’s mayor proposes creating a Bitcoin reserve to strengthen the city’s finances

November 30, 2024 1 min read

Vancouver Mayor Ken Sim has proposed the establishment of a Bitcoin reserve to strengthen the city’s financial strategy. The plan, set to be formally introduced on December 11, aims to evaluate Bitcoin’s potential to diversify resources and hedge against economic uncertainty. This initiative reflects a broader trend of governmental interest in cryptocurrency adoption. Sim’s vision aligns with Vancouver’s ambition to become North America’s most Bitcoin-friendly city. The city already hosts

Somnia Partners With Ankr to Power Developer Infrastructure and Drive Innovation

November 27, 2024 1 min read

Somnia, known as “the dream computer for a fully on-chain world,” has announced a strategic partnership with Ankr, a leading blockchain infrastructure provider. This collaboration aims to enhance Somnia’s ecosystem by delivering top-tier tools, cost efficiencies, and innovative opportunities for developers. Key Highlights of the Partnership A Shared Vision for Blockchain Innovation The partnership aligns with both companies’ mission to empower developers and advance blockchain technology. With Somnia’s focus on

Avalanche launches Avalanche9000 testnet to reducing costs and enable permissionless L1s

November 26, 2024 1 min read

Avalanche, the blockchain ranked eighth by total value locked (TVL), has introduced its most significant update yet with the Avalanche9000 upgrade, now live on the testnet. This groundbreaking overhaul aims to revolutionize app development, reduce transaction fees, and make validator operations more affordable, setting the stage for its mainnet launch in late 2025. Key Features of Avalanche9000 The upgrade includes two major proposals: Avalanche9000 also enhances interoperability with Interchain Messaging (ICM), enabling seamless

BlackRock’s Bitcoin ETF Options Debut with $2 Billion Exposure

November 21, 2024 1 min read

BlackRock’s Bitcoin ETF (IBIT) options launched with unprecedented success, amassing nearly $2 billion in notional exposure on their first day. Analysts highlighted the trading of 354,000 contracts, with a call-to-put ratio of 4.4:1, attributing this surge to Bitcoin’s recent rally to all-time highs. The introduction of IBIT options marks a pivotal moment for institutional adoption of Bitcoin, providing regulated avenues for hedging, speculation, and passive income generation. Options allow traders