Author: James Wilson

Article written by James Wilson

MicroStrategy purchases 2,138 BTC for $209M

December 31, 2024 1 min read

Bitcoin’s recent price drop has raised worries for investors about the future of the cryptocurrency market, especially since altcoins usually follow Bitcoin’s lead. Even with this decline, Matrixport has pointed out past trends and other elements that could suggest Bitcoin might bounce back next year. MicroStrategy, a well-known software company, has boosted its Bitcoin holdings to 446,400 BTC after buying 2,138 BTC for $209 million at an average price of

El Salvador’s Bitcoin reserve surpasses 6,000 BTC, valued at $569 million

December 29, 2024 1 min read

El Salvador has achieved a significant milestone by exceeding 6,000 Bitcoin (BTC) in its national reserves. The latest addition on December 29 brought the total to 6,000.77 BTC, worth around $569.3 million. The country’s Bitcoin investments grew by 108.02%, with an average purchase price of $45,450 per coin. The initiative started in September 2021 when President Nayib Bukele announced Bitcoin as legal tender and made the first purchase of 200

The SEC may shift away from heavy enforcement actions on crypto next year

December 28, 2024 1 min read

The U.S. Securities and Exchange Commission (SEC) is about to go through some changes in the next year, working with fewer commissioners until the Senate approves President-elect Donald Trump’s nominees. After SEC Chair Gary Gensler left, Republican commissioners Hester Peirce and Mark Uyeda will stay, which might change how the agency regulates the cryptocurrency sector. In her speech at the Blockchain Association Policy Summit, Peirce pointed out the different regulatory

MicroStrategy plans to issue more shares to fund its $42 billion Bitcoin acquisition strategy

December 26, 2024 1 min read

MicroStrategy plans to increase its share issuance to boost its Bitcoin purchases, aiming for $42 billion in Bitcoin through equity and debt financing. MicroStrategy’s stock has jumped almost 420% in 2024, similar to how well Bitcoin is doing. A special shareholder meeting is set to approve changes to the company’s equity issuance policy for this plan. MicroStrategy plans to increase its authorized Class A common stock from 330 million to

Hyperliquid denies any breach by North Korea’s Lazarus Group

December 25, 2024 1 min read

Hyperliquid has denied claims of a security breach linked to North Korea’s Lazarus Group, even though there is blockchain evidence showing unusual activity on its platform. On December 23, wallet addresses tied to Lazarus reportedly made large deposits and withdrawals of Ethereum (ETH), raising concerns among security experts. Taylor Monahan, a security expert from MetaMask, highlighted weaknesses in Hyperliquid’s system that could be taken advantage of without needing to access

Cardano founder Charles Hoskinson seeks bipartisan support for crypto regulations

December 24, 2024 1 min read

Charles Hoskinson, who started Cardano, is looking for support from both parties for cryptocurrency rules by talking with Democratic senators, especially Senator John Fetterman. His plan is to make rules that match the fast changes in digital assets and encourage teamwork among political parties. Hoskinson believes that crypto goes beyond political divisions, highlighting the need for lawmakers from all parties to come together and look into the advantages that cryptocurrencies

Bitcoin hovers around $95K as bulls expect price rebounds

December 23, 2024 1 min read

The cryptocurrency market is decreasing, with Bitcoin at the forefront of the drop. After some price increases, altcoins are now seeing a drop as trading volumes go down. The crypto community is staying positive and is now in a ‘buy the dip’ phase, according to recent reports. Bitcoin has dropped for five days, falling 0.72% in the last 24 hours, hitting a low of $93,700. Investors are worried about this

MicroStrategy holds 439,000 BTC worth $46 billion

December 18, 2024 1 min read

MicroStrategy, led by Michael Saylor, has become a key player in using Bitcoin, holding 439,000 BTC worth about $46.92 billion, making up over 2% of Bitcoin’s total supply. The company is using debt and equity to buy Bitcoin, which is different from usual corporate finance methods. MicroStrategy recently raised $1.5 billion by selling shares and then bought 15,350 BTC at an average price of $100,386. This method lets shareholders invest

Grayscale unveils Trusts for Lido DAO and Optimism

December 15, 2024 1 min read

Grayscale, a well-known cryptocurrency investment firm, has introduced two new Trusts for Lido DAO (LDO) and Optimism (OP), which are important parts of Ethereum’s ecosystem. This initiative fits with Grayscale’s plan to back projects that improve Ethereum’s scalability, security, and use, especially in decentralized finance (DeFi). Lido DAO is a top platform for staking Ethereum, and Optimism is a solution that helps scale transactions. Both are aimed at making the

Ripple secures NY approval for RLUSD stablecoin

December 12, 2024 1 min read

Ripple CEO Brad Garlinghouse said that New York State regulators have approved the company’s first stablecoin, RLUSD. This is an important step as Ripple joins the stablecoin market. The New York State Department of Financial Services (NYSDFS) gave this certification to Ripple. This lets Ripple provide a stable digital currency that seeks to lower the volatility linked to its main asset, XRP. This initiative fits with Ripple’s plan to work

Google’s Willow quantum chip raises concerns about Bitcoin security

December 12, 2024 1 min read

Google has recently launched its new quantum computing chip, Willow, featuring 105 qubits and impressive computing power. This new development has caused concern in the cryptocurrency community, especially about the security of Bitcoin’s cryptographic algorithms, since quantum computers could potentially break encryption. Willow has shown its strength by completing a complex calculation in only five minutes, a job that would take traditional supercomputers an unimaginable ten septillion years. Quantum computers

Hong Kong moves closer to formalizing its stablecoin regulations

December 8, 2024 1 min read

On December 6, Hong Kong took a significant step towards regulating stablecoins by publishing a bill that outlines a comprehensive framework for issuers and marketers. This move comes as stablecoins gain traction as effective tools for cross-border transactions, with Standard Chartered referring to them as the crypto industry’s “killer app.” The proposed legislation mandates that stablecoin issuers and marketers obtain licenses from the Hong Kong Monetary Authority (HKMA), including those