Author: Sophia Hernandez

Article written by Sophia Hernandez

Argentina’s President Javier Milei faces an investigation after endorsing LIBRA

February 17, 2025 2 mins read

Argentina’s President Javier Milei is facing an investigation for promoting the cryptocurrency LIBRA. His support led to a temporary increase in the token’s value, but it soon crashed. Critics accuse Milei of being involved in a pump-and-dump scheme, where the price is artificially inflated before insiders sell off their holdings for profit. Some are even calling for his impeachment. On February 14, Milei endorsed LIBRA on social media, claiming it

Four major U.S. economic reports this week could impact Bitcoin

February 10, 2025 2 mins read

This week, the crypto market is focused on four important U.S. economic reports that could affect Bitcoin and other digital currencies. These reports, starting on Wednesday, may influence the Federal Reserve’s decisions and overall market mood. The link between U.S. economic events and crypto markets is becoming clearer after a quiet year. The Consumer Price Index (CPI) for January will be released on Wednesday. December’s inflation report showed a slight

Hong Kong accepts Ethereum for a HKD 30M investment immigration

February 8, 2025 2 mins read

Invest Hong Kong has made a significant move by approving its first investment immigration application using Ethereum (ETH) as proof of assets, valued at HKD 30 million. This decision, confirmed by Certified Public Accountant Clement Siu, marks a pivotal moment in Hong Kong’s efforts to establish itself as a global hub for cryptocurrency. This approval follows the earlier acceptance of Spot Bitcoin and Ethereum ETFs on April 15, 2024. It

Filipino banks to launch new stablecoin

January 11, 2025 1 min read

Several Filipino banks are set to launch a multi-bank peso stablecoin called PHPX later this year. This initiative involves UnionBank of the Philippines, Rizal Commercial Banking, Cantilan Bank, and the Rural Bank of Guinobatan, with Singapore’s Just Finance leading the project. PHPX will initially run on the Hedera DLT network and aims to facilitate cross-border payments, particularly for remittances. UnionBank has a history of blockchain involvement, having created a token-based

Crypto.com now offers stock and ETF trading in Pennsylvania, Ohio, Washington, and Arizona

January 4, 2025 1 min read

Crypto.com has recently expanded its offerings by launching stock and exchange-traded fund (ETF) trading for users in select U.S. states, including Pennsylvania, Ohio, Washington, and Arizona. Announced on January 2, 2025, this new feature allows users to trade without commission fees, access fractional shares, and transfer securities seamlessly, all within a single app. This integration of traditional finance with digital assets marks a significant step in bridging the gap between

Garanti BBVA expands crypto trading services following MiCA regulation

January 3, 2025 1 min read

Garanti BBVA, Turkey’s fifth-largest bank, is set to enhance its cryptocurrency services in 2025, following the European Union’s implementation of the Markets in Crypto-Assets (MiCA) regulation. The bank’s crypto custody service, Garanti BBVA Kripto, will soon enable public crypto trading, marking a significant expansion in its digital asset offerings. To facilitate this new trading service, Garanti BBVA Kripto has partnered with Bit2Me, a Spain-based cryptocurrency exchange. This collaboration will allow

Bitcoin loses the $95,000 price level and is trading below $93,600

December 31, 2024 1 min read

The cryptocurrency market is seeing big price drops, especially with Bitcoin (BTC) and other altcoins. Currently, Bitcoin is priced at $92,492.56, showing a 2% drop in the last 24 hours. Bitcoin hit a daily high of $95,110, then quickly fell to $92,234 before bouncing back a bit. Even with the recent ups and downs, Bitcoin has had a great year, hitting all-time highs in March and December, going over $100,000.

Decentralized cloud platform for AI Theta Network surges by over 10%

December 30, 2024 1 min read

The Theta Network (THETA) token has gone up more than 10% in the past 24 hours, following a general rise in the AI sector. Some AI projects and meme coins have increased in value, as investors look forward to important changes soon. Other cryptocurrencies like NEAR Protocol, Internet Computer, RENDER, and Artificial Superintelligence have also seen gains. The AI meme coin area has done really well, with tokens like ai16z

The Resurgence of the Chinese Crypto Market: Implications for Investors and Their for Future Transactions

December 10, 2024 4 mins read

The shifting dynamics of the cryptocurrency landscape, particularly concerning China’s evolving position, are becoming increasingly evident. The forthcoming re-opening of the Chinese market for cryptocurrency is expected to have significant implications for global investors, transaction processing, and the broader crypto ecosystem. Historical Context: China’s Crypto Closure In 2017, the Chinese government enacted stringent regulations that effectively closed the crypto market to domestic investors. This drastic move led to a substantial

Justin Sun deposits $119.7M in Ethereum into HTX after Ethereum hit $4,000

December 9, 2024 1 min read

Justin Sun, the founder of Tron, has gained attention for depositing 29,920 ETH, worth $119.7 million, into HTX. This comes as Ethereum’s price surpasses $4,000. Sun made a big investment by buying 392,474 ETH from February to August 2023. He paid an average of $3,027 for each ETH, totaling around $1.19 billion. Right now, Sun’s estimated profit from this investment is $366 million, showing a 30% return. This does not

Microsoft shareholders to vote on assessing investing in Bitcoin

October 27, 2024 1 min read

Recent updates from the Securities and Exchange Commission (SEC) reveal that Microsoft is planning to present a proposal regarding Bitcoin investment at its upcoming shareholder meeting on December 9, 2024. However, it’s still uncertain whether this proposal involves Microsoft actually adding Bitcoin to its financial assets or merely exploring it as a potential investment. The trend of companies incorporating Bitcoin into their financial strategies began with MicroStrategy, a business intelligence

Solana Mobile unveils its new model, Seeker

September 20, 2024 1 min read

Solana Mobile has unveiled its second-generation Web3 phone, Seeker, which has garnered 140,000 preorders. The device, once referred to as Saga Chapter Two, is set for delivery in 2025 and will incorporate various new functionalities. Co-Founder Anatoly Yakovenko elucidates that the company intends to enhance the accessibility and affordability of Seeker, with its hardware and software intricately linked for web3. Notable features comprise a Seed Vault Wallet integrally built into