Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

Michael Saylor hints at another major Bitcoin purchase by MicroStrategy

December 31, 2024 1 min read

Michael Saylor, co-founder of MicroStrategy, has sparked new talk about the company’s possible Bitcoin buys, suggesting another purchase for the eighth week in a row. His recent puzzling social media post about “strange blue lines” on the SaylorTracker portfolio has raised expectations for a big Bitcoin purchase. MicroStrategy is known for buying a lot of Bitcoin, owning more than 192,042 BTC at an estimated cost of $18 billion. This strategy

Montenegro to extradite Terraform Labs founder Do Kwon to the United States

December 29, 2024 1 min read

Montenegro has agreed to send Do Kwon, the founder of Terraform Labs, to the United States, as decided by the Montenegrin Justice Minister Bojan Božović. The Constitutional Court of Montenegro has turned down Kwon’s appeal against his extradition, which he claimed was based on unfair legal views. The court’s decision ended the legal process of his extradition, putting the final choice in the hands of the Minister of Justice. Do

Crypto.com launches a US trust company to offer digital asset custody services

December 27, 2024 1 min read

Crypto.com has announced a new trust company in the United States that will offer custody services for digital assets. The Crypto.com Custody Trust Company is an important part of the company’s growth plan in North America, focusing on wealthy individuals and institutions in the U.S. and Canada. The platform will safely store digital assets for qualified clients. In the coming weeks, it will move existing assets for U.S. and Canadian

MetaMask users can now stake EOS coins

December 23, 2024 1 min read

MetaMask, a popular crypto wallet, has teamed up with the EOS Network, making it easier for users to access the EOS web3 ecosystem. The EOS Wallet Snap makes it easier and safer for MetaMask users to join the EOS blockchain. The Greymass team is working together to let MetaMask users stake EOS coins, set up EOS accounts through Unicove, and use EOS-based decentralized applications (DApps) right from their MetaMask wallet.

Bitcoin and Ethereum ETFs saw record-breaking inflows last week

December 10, 2024 1 min read

Bitcoin and Ethereum exchange-traded funds (ETFs) saw a big increase in investor interest recently, making it a historic week for both assets. Spot Bitcoin ETFs in the United States saw inflows of $2.73 billion, with BlackRock’s IBIT ETF bringing in more than $2.6 billion by itself. Earlier in the week, there was a short time when Bitcoin ETFs had outflows, with withdrawals amounting to $558.3 million. Now, there has been

Paju city officials in South Korea threaten to seize and sell crypto assets of tax debtors

November 19, 2024 1 min read

Authorities in Paju, South Korea, have issued a stern warning to tax defaulters, threatening to seize and sell their cryptocurrency holdings if debts are not paid by the end of November. Targeting 17 individuals who collectively owe 124 million Korean won (approximately $88,600), the city aims to combat the growing trend of using cryptocurrencies to evade taxes. Officials emphasized that digital assets would not shield individuals from financial obligations, with

Bitcoin soars to a historic $93,000

November 13, 2024 2 mins read

Bitcoin has recently reached a remarkable milestone, soaring to an all-time high of $93,000. This achievement is not merely a product of speculation; it reflects a combination of key factors that are driving Bitcoin’s ascent in the financial world. One of the most significant influences has been the influx of institutional investment, with major financial players like BlackRock and Fidelity entering the cryptocurrency market. Their involvement lends credibility to Bitcoin,

A Chinese official received a life sentence for espionage after selling state secrets to pay off crypto debts

November 11, 2024 1 min read

Wang Moumou, a Chinese official, has been sentenced to life in prison for espionage after he sold state secrets to British intelligence. His financial troubles, primarily due to unsuccessful investments in cryptocurrency, pushed him to commit this crime, for which he received over a million yuan in crypto payments. The National Security Ministry of China has condemned Wang’s actions but has chosen not to implicate the cryptocurrency community in his

Bitcoin (BTC) nears all-time highs

October 30, 2024 1 min read

As Bitcoin (BTC) nears its all-time high, savvy investors are finding ways to trade without impacting the market price. Currently priced at around $72,300, Bitcoin is just shy of its previous peak of $73,798 from March, having surged nearly 14% this month, marking its strongest monthly performance since March. A notable trend in this recent Bitcoin rally is the significant increase in over-the-counter (OTC) trading. OTC desks, which facilitate private

Hong Kong Stock Exchange makes history with Asia’s first EU-regulated crypto index

October 30, 2024 1 min read

The Hong Kong Stock Exchange (HKEX) is poised to make a significant leap in the financial landscape by introducing Asia’s first EU-regulated crypto index on November 15. This innovative step is expected to open up fresh investment avenues in Hong Kong, bridging the gap between cryptocurrency and traditional stock markets. Financial analysts view this initiative as a progressive move that reinforces Hong Kong’s status as a forward-thinking financial hub. The

Solana-based meme coin POPCAT surges by over 27%

October 24, 2024 1 min read

In a surprising twist in the crypto landscape, while major players like Bitcoin and Ethereum are experiencing declines, the Solana-based memecoin POPCAT (SOL) has emerged as a standout performer. It recently hit an impressive all-time high of $1.67, marking a remarkable increase of over 24.63% from a previous low of $1.34 within just 24 hours. This surge follows a brief dip earlier in the week, hinting at a renewed wave