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The Bank for International Settlements (BIS) recently released a report revealing that hundreds of billions of dollars in cross-border cryptocurrency payments flowed globally during the second quarter of 2024. This substantial volume, totaling approximately $600 billion, involved Bitcoin (BTC), Ether…
Backpack, a cryptocurrency exchange, has enabled the return of funds to former FTX EU customers. Following a KYC (Know Your Customer) verification process, users who selected Backpack as their redistribution platform can now claim their euro balances. This process, initiated…
DeGods NFT Collection Sees Leadership Change Amidst Sales Surge Rohun Vora, known as “Frank DeGods,” recently stepped down as CEO of the popular Solana-based NFT project DeGods after a three-year tenure. His departure, announced on X, was accompanied by a…
KindlyMD, a healthcare services provider, has merged with Nakamoto Holdings, a Bitcoin-native holding company, to create a significant Bitcoin treasury. This strategic move, announced May 12th, marks a significant step toward integrating Bitcoin into traditional finance. Spearheaded by David Bailey,…
MicroStrategy’s Recent Bitcoin Acquisition and Market Reactions MicroStrategy, led by Michael Saylor, significantly increased its Bitcoin holdings in early May, purchasing 13,390 BTC for $1.34 billion. This acquisition, made between May 5th and 11th, boosted the company’s total Bitcoin holdings…
A 90-day tariff agreement between the US and China, effective May 14th, signals potential positive impacts on stock and cryptocurrency markets. The agreement reduces tariffs to 10%, a significant decrease from current levels, reflecting a shared desire by both nations…
Bitcoin, unlike proof-of-stake (PoS) cryptocurrencies, doesn’t natively support staking. However, several methods allow BTC holders to generate passive income. These methods, while offering yield, introduce various risks. Centralized lending platforms like Binance Earn, Nexo, and Ledn offer interest on deposited…
Coinbase’s landmark entry into the S&P 500 marks a pivotal moment for the cryptocurrency industry. As the first crypto firm to achieve this milestone, Coinbase (COIN) will replace Discover Financial Services, effective May 19th. This inclusion is expected to significantly…
American Bitcoin, a majority-owned subsidiary of Hut 8, is going public via a merger with Gryphon Digital Mining. This stock-for-stock transaction will see Gryphon Digital Mining acquire American Bitcoin, resulting in a new company operating under the American Bitcoin brand…
Bitcoin’s price consolidated around $104,000 at the May 12 Wall Street opening, following a period of significant gains. This consolidation occurred amidst positive market reactions to a US-China trade deal, which saw the S&P 500 and Nasdaq Composite rise by…
