MicroStrategy has purchased an extra 11,931 Bitcoin, valued at around $786 million, in order to enhance its market capitalization and stock price.

MicroStrategy acquires nearly 12,000 more Bitcoins

MicroStrategy has purchased an extra 11,931 Bitcoin, valued at around $786 million, in order to enhance its market capitalization and stock price. The acquisition was financed via convertible notes and excess funds, at an average price of around $65,883 per Bitcoin. As of June 20, MicroStrategy possesses an extensive amount of 226,331 Bitcoins, with an approximate value of $14.5 billion. With Michael Saylor at the helm, the company has transformed

Aleph Zero Launches The First EVM-Compatible ZK-Privacy Layer

Aleph Zero Launches The First EVM-Compatible ZK-Privacy Layer

Aleph Zero has announced significant ecosystem advancements, including the first EVM-compatible ZK-Privacy Layer capable of generating zero-knowledge proofs on consumer-grade devices and zkOS, a product suite for seamless integration of on-chain privacy into various Web3 applications. The testnet release of the ZK-privacy EVM Layer 2 solution powered by Arbitrum Orbit on Gelato RaaS marks the first EVM-compatible privacy solution capable of subsecond ZK proving times, significantly enhancing the end-user experience

Cardano hits milestones with robust growth and partnerships

Cardano hits milestones with robust growth and partnerships

Cardano (ADA), a prominent crypto, is witnessing substantial proliferation in acceptance, as its pioneering methodology in blockchain technology is enticing a multitude of initiatives and collaborations. The platform utilizes the Ouroboros proof-of-stake consensus mechanism, which efficiently and securely processes more than 1,000 transactions per second (TPS). The Cardano subreddit has a substantial community support, boasting a membership of over 500,000 individuals. Cardano’s strategic alliances with organizations such as the Ethiopian

Summer.fi DeFi platform announces the launch of $RAYS to reward users

Summer.fi DeFi platform announces the launch of $RAYS to reward users

Summer.fi, a platform for decentralized money, has introduced $RAYS, a system of points created to motivate and compensate users for their active participation with the app and associated protocols. The reward program consists of three distinct phases: retroactive participation, retroactive points claiming, and the accumulation of $RAYS. A snapshot was captured on June 18th, 2024 to acknowledge both previous and present users, as well as individuals now utilizing other protocols

XRP sees a surge in open interest amidst its ongoing legal battle with the SEC

XRP sees a surge in open interest amidst its ongoing legal battle with the SEC

CryptoQuant has observed a substantial surge in XRP’s open interest, suggesting a rising number of investors who are assuming positions and speculating on the possibility of price appreciation for the crypto. This pattern is advantageous for XRP bulls, as an increase in buy orders generally leads to an upward movement in prices. The latest advancements in the SEC complaint against Ripple, which alleges the sale of unregistered securities, appear to

SOL Meme and PolitiFi Colossus, Solciety Raises $300k in Under 48 Hours

This Solana-based meme coin raises over $300,000 within the first 48 hours of its presale

Solciety, a leading participant in the PolitiFi meme currency industry, has garnered more than $300,000 during the initial 48 hours of its presale, which commenced on June 18th. The presale is set to last for a duration of 30 days, ending on the 18th of July. Solciety intends to use the popularity of PolitiFi tokens during the US election year by targeting a wide range of individuals through its distinctive

Binance faces a $2.2M fine in India for anti-money laundering violations

Binance faces a $2.2M fine in India for anti-money laundering violations

Binance has been fined $2.2 million by the Indian Financial Intelligence Unit (FIU) for failing to comply with anti-money laundering requirements as outlined in the Prevention of Money Laundering Act (PMLA) of 2002. Binance is currently fighting a $4.4 million penalty imposed on them in Canada. The decision was made after conducting a thorough examination of Binance’s activities and in response to the FIU’s directive to enhance its compliance measures.

Holograph to burn over 1 billion HLG tokens

Holograph to burn over 1 billion HLG tokens

Holograph, the protocol for tokenizing assets across several blockchains, has formed a partnership with Halborn, a specialist in web3 cybersecurity, to conduct periodical audits aimed at enhancing the security of the protocol. Halborn was chosen in response to a recent event in which a malicious attacker successfully created new units of HLG, the native token of Holograph. Holograph will publish a comprehensive report that provides detailed information on the occurrence

BNB Chain Introduces BEP 336; Reducing Fees By Up to 90%

BNB Chain Introduces BEP 336; Reducing Fees By Up to 90%

BNB Chain, the world’s largest smart contract blockchain, announced it has successfully activated the BEP 336 Haber Hardfork, introducing blob-carrying transactions. According to the team, this upgrade reduces gas fees by up to 90% and optimizes BNB Chain’s data storage and processing capabilities. Users can now enjoy reduced data availability costs for Layer 2 (L2) solutions on BNB Chain, making transactions more affordable and accessible. The implementation of BEP 336

Ethereum surgs 6.19% to $3,583 after the SEC closed its investigation into ETH

Ethereum surgs 6.19% to $3,583 after the SEC closed its investigation into ETH

Ethereum (ETH) witnessed a modest rebound in the worldwide crypto markets today, as its value surged by 6% to beyond $3,500. This increase came after the U.S. Securities and Exchange Commission (SEC) concluded its investigation into the sale of ETH. Consensys Software, an Ethereum developer, has announced that the SEC’s Enforcement Division will not be taking legal action over the selling of ETH as securities transactions. Despite a substantial surge

Circle CEO says stablecoins will hit 10% of global currency by 2025

Circle (USDC) CEO says stablecoins will hit 10% of global currency by 2025

Jeremy Allaire, the CEO of Circular Internet Financial Ltd. and creator of the USDC stablecoin, recently expressed his positive outlook on crypto, particularly stablecoins. He expressed his continued belief in the positive outlook for the ecology in his extensive piece. Allaire assessed the latest advancements made in the crypto market. During this period, he investigated technological progressions in ecosystems, such as Bitcoin. The founder of Circle observed that stablecoins have

US National Debt Reaches All-Time High of $34 Trillion

US National Debt Reaches All-Time High of $34 Trillion

Just now, the national debt of the United States of America reached a new all-time high of $34.75 trillion. New numbers from the United States Treasury’s Debt to the Penny database indicate that the nation’s outstanding debt increased by $69.41 billion in a single day, which is the new milestone that has been reached during this period. The entire amount of outstanding public debt in the United States is expected

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