BTC

GameStop confirms plans to adopt Bitcoin as a treasury reserve asset

5 hours ago 1 min read

GameStop has officially added Bitcoin to its balance sheet. This decision was confirmed during its fourth quarter earnings release. The company’s board of directors unanimously approved this move, which aligns with earlier reports about GameStop’s plans to invest in Bitcoin and possibly other cryptocurrencies. Following the announcement, GameStop’s shares rose by over 6% in after-hours trading. Bitcoin itself remained stable, trading just below $88,000. GameStop has not revealed how much

Tether is in talks with Big Four firms for a third-party audit as stablecoin regulations tighten

21 hours ago 2 mins read

Tether, the company behind the largest stablecoin, is in talks with a Big Four accounting firm for a third-party audit. CEO Paolo Ardoino confirmed that these discussions are to meet new U.S. stablecoin regulations. These regulations will require independent audits for stablecoin issuers in the U.S. market. Ardoino stated that getting an audit is a top priority. There is growing interest from the U.S. government in stablecoins, especially after former

Strategy now holds 2.55% of Bitcoin’s circulating supply

March 25, 2025 1 min read

Strategy has significantly increased its Bitcoin holdings, surpassing the 500,000 BTC mark. This makes it the largest corporate holder of Bitcoin. On March 24, the company purchased 6,911 BTC for $584.1 million. The average price paid was $84,529 per coin. With this latest purchase, Strategy now holds a total of 506,137 BTC. The total investment in Bitcoin amounts to $33.7 billion, with an average cost of $66,608 per coin. The

Arthur Hayes predicts Bitcoin will rise to $110,000 before retracing to $76,500

March 24, 2025 1 min read

Arthur Hayes, co-founder of BitMEX, predicts that Bitcoin’s price will rise significantly. He believes it will surpass $110,000 before dropping to $76,500. This prediction comes as the Federal Reserve shifts from tightening to easing its monetary policy. Hayes thinks this change will add liquidity to the market, boosting Bitcoin’s value. He is not worried about tariffs affecting Bitcoin’s price and considers inflation to be temporary. Markus Thielen, founder of 10X

Coinbase quickly stops a supply chain attack on its agentkit AI tool

March 24, 2025 2 mins read

Coinbase has successfully thwarted a cyberattack targeting its open-source AI toolkit, agentkit. The attacker aimed to exploit GitHub permissions to insert harmful code into the project’s automated build system. Thanks to Coinbase’s quick response and support from security experts, no significant damage occurred. The incident was first reported on March 23 by Yu Jian, founder of the security firm SlowMist. He referenced a detailed report from Unit 42, the security

Strategy plans to raise $711 million for Bitcoin acquisitions and working capital

March 23, 2025 1 min read

Strategy, a business intelligence firm led by Michael Saylor, announced plans to raise about $711 million through a new stock offering called ‘Series A Perpetual Strife Preferred Stock’ (STRF). This move aims to boost its Bitcoin reserves, which are nearing 500,000 BTC. Due to high demand, the company increased its offering from 5 million to 8.5 million shares. Each share is priced at $85. The preferred stock will earn cumulative

Pakistan sets up special electricity tariffs to attract crypto mining

March 23, 2025 1 min read

Pakistan is looking into Bitcoin mining to make use of its excess electricity and develop a regulated digital asset industry. The government plans to introduce attractive electricity tariffs for crypto mining and blockchain data centers. This initiative aims to encourage industries to utilize surplus energy. The new tariffs will be market-based and not dependent on government subsidies. By doing this, the government hopes to lower payments to power producers for

Shardeum Announces Token Sale Ahead of Mainnet Launch

March 21, 2025 3 mins read

Shardeum, the community-oriented Layer 1 focused on autoscaling, announced its public token sale in partnership with Tokensoft, a leading technology platform for token launches. The token sale will run from March 19 until April 14, 2025, providing users early access to SHM tokens before mainnet.  The token sale marks a major step in Shardeum’s journey towards mainnet, further reinforcing its commitment to decentralization, scalability, and accessibility in blockchain. With over 81 million

A majority of US voters oppose Trump’s plan for a Strategic Bitcoin Reserve

March 19, 2025 1 min read

A recent survey shows that most American voters oppose President Donald Trump’s plan to create a Strategic Bitcoin Reserve. This proposal aims to establish a government-backed stockpile of digital assets. However, it faces significant resistance from both Democrats and many Republican voters. While some support exists within the crypto industry, public sentiment is largely skeptical. The survey, conducted from March 8 to 10, 2025, included over 1,000 likely voters. More

Trump’s World Liberty Financial raises $550 million in a token sale

March 17, 2025 1 min read

World Liberty Financial (WLFI) is a decentralized finance (DeFi) project that has gained attention due to endorsements from former President Donald Trump and his sons. The project recently completed its token sale, raising $550 million. WLFI was launched in September and aims to promote decentralized finance and stablecoins pegged to the US dollar. The main feature of WLFI is its DeFi lending platform, which operates on the Ethereum blockchain and

El Salvador’s opposition warns that Bukele’s Bitcoin purchases defy the IMF deal

March 15, 2025 2 mins read

El Salvador’s opposition party, ARENA, is expressing serious concerns about President Nayib Bukele‘s ongoing Bitcoin purchases. They warn that these actions could threaten a $1.4 billion loan agreement with the International Monetary Fund (IMF). Despite the opposition’s warnings, Bukele shows no signs of stopping the country’s Bitcoin acquisitions. Since Bitcoin became legal tender in El Salvador, the government has increased its Bitcoin holdings significantly. Bukele claims this strategy will enhance

Do Trump’s Canada Tariffs Threaten Crypto Market Stability?

March 14, 2025 2 mins read

President Trump has announced new tariffs on Canadian steel and aluminum, raising concerns about market volatility. This move could worsen the already uncertain crypto industry, which is facing bearish trends due to economic instability. Although the tariffs may not be enforced or could be reversed, the uncertainty is alarming. This announcement follows rising tensions between the U.S. and Canada. Trump has even suggested that the U.S. should annex Canada, which