Author: John Smith

Riot Platforms has added to its growing Bitcoin holdings after the crypto miner and infrastructure provider scooped 5,117 more BTC for $510 million. The Colorado-based Bitcoin (BTC) mining company announced the fresh acquisitions on Dec. 13, noting that the purchase follows its $525 million convertible bond issue. On Dec. 11, Riot announced a $500 million convertible notes offering, which then upsized to an additional $75 million. The company’s latest BTC purchase is the proceeds of this issuance — a 5,117 BTC haul netted at the average price of $99,669 per bitcoin. With the “MicroStrategy” playbook now a major part of…

Sui is looking to bolster its traction in real-world assets tokenization, with a new partnership with Ant Digital Technologies and web3 plug-and-play tools provider ZAN. The Sui (SUI) team will leverage the new collaboration to tokenize environmental, social, and governance-backed real-world assets, it announced. These assets will be on the Sui blockchain, a development that means further accessibility to ESG-backed RWAs to global investors. Ant Digital Technologies, ZAN and Sui aim to unlock access to green assets, enabling tokenized assets focused on sustainability, scalability, and innovation. The global RWA on-chain has increased to more than $13 billion, and platforms such…

WazirX token was one of the best performers on Dec. 3 as it formed a long God candle. WazirX (WRX) price jumped to a high of $0.3500, its highest level since March 14, and 255% above the lowest point this year. This rally happened as the developers made an update about the ongoing legal issues following its hack in July.  In a statement, the developer said that they had applied with the Singapore High Court to convene a scheme meeting. This will be a crucial step towards final distributions since it offers the fastest recovery solution, is fair and equitable…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XYZVerse, a new all-sport meme coin on Polygon, eyes 20,000% growth, aiming to outpace SHIB, PEPE, and lead the bull market buzz. With the bull market surging and Bitcoin smashing through milestones, a new meme coin on the Polygon network is capturing attention. Predictions suggest it could outpace well-known tokens like SHIB and PEPE, offering investors potentially staggering returns. The crypto community is buzzing about which asset might deliver the next exponential growth in this dynamic market.  XYZVerse (XYZ),…

While Solana has pared gains since hitting an all-time high above $263 in November, long-term holders are increasingly bullish. As hodlers double down on their Solana (SOL), Glassnode has pointed to recent selling pressure as having come from last bull market’s holders. This is a cohort in the one-to-two-year group of buyers that likely elected to take profits as Solana rode the crypto uptick post-U.S. election to its current bull cycle peak. “The 1-2 year cohort has steadily diminished, dropping from 48% in June to just below 5% now. These were investors from the previous bull run who largely took…

The Internet is a big world; every country represents a digital ledger. Most of these ledgers are blockchains but most have ‘slow economies’. Here is where the global leader Hedera Hashgraph comes into the picture. It is a distributed ledger technology that replaces the old blockchain system, making the ‘economy’ fast, fair, and secure. In this article, we will discuss what is hedera hashgraph, how it works, its key features, the challenges it faces, and the future of Hedera (HBAR). What is HBAR? The Hedera (HBAR) token is the native token of the Hedera ecosystem. The entire network’s transactions are…

Coinbase will restrict European users from trading certain stablecoins like Tether due to MiCA regulatory requirements. Starting Dec. 13, Coinbase Europe will delist a basket of stablecoin tokens, including crypto’s largest fiat-pegged currency, Tether (USDT), to comply with broader rules enshrined in the Markets in Crypto-Assets framework. Coinbase will also prohibit trading for stablecoins like PAX, PYUSD, GUSD, GYEN, and Maker’s DAI, which were categorized as MiCA noncompliant tokens. Notably, the crypto exchange will continue trading support for Circle stablecoins (USDC) and EURC. Circle previously secured a European stablecoin license, the first of its kind under new MiCA laws. Coinbase…

Dan Morehead, founder and managing partner of Pantera Capital, made it clear that he thinks crypto is a better reserve investment than gold. Speaking with CNBC on Thursday, Morehead compared the development of blockchain technology to historical financial innovations and expressed some serious optimism about the crypto and blockchain space — especially as more and more institutions expose themselves to it. “Presently, most institutions really have almost zero exposure to blockchain, so once they start engaging in the space, it should do well,” he said. Morehead cited regulatory uncertainty as a key hurdle for institutional adoption, pointing to ongoing legal…

The Bank of England’s Prudential Regulation Authority has issued a data request asking firms to disclose their current and planned exposures to “cryptoassets.” The statement requested firms to disclose their current and expected future “cryptoasset exposures” and to explain their use of the crypto-regulating Basel framework. These assets encompass tokenized assets and stablecoins. Firms have until March 24, 2025, to submit their responses.  The PRA emphasized that the information will inform its policymaking, including calibrating prudential frameworks for managing ‘cryptoasset’ exposures. This initiative aligns with the global Basel framework, which guides the prudential treatment of cryptoassets. Use of tokenized assets…

Vlad Gorbunov, founder of the Choise.ai ecosystem, discusses the future of the meme coin space and explains how the team’s new Meme Bank can transform the sector by providing meme coins with utility-driven features such as token burns and staking rewards, along with real-world applications like payments via Visa/Mastercard bank cards with bespoke designs. CN: Vlad, can you elaborate on the future of the meme coin sector? Do you think meme coins can transform from hype-driven assets to solid, long-term performers, especially in light of recent headlines about the meme coin hype cooling down? VG: Meme coins are a quintessential…