Bankrupt crypto exchange FTX will sell two-thirds of its stake in artificial intelligence (AI) startup Anthropic for $884 million, according to a Bloomberg report. The move comes as FTX seeks to repay its creditors and bolster its cash reserves. The sale involves various buyers, including ATIC Third International Investment Company LLC, associated with the United…
On Monday, Peruvian gold miner Nilam Resources, Inc. (OTC PINK: NILA) has announced its intention to acquire a staggering 24,800 Bitcoin (BTC). The strategic initiative comes via a Letter of Intent (LOI) with Xyberdata Ltd, setting the stage for the acquisition of 100% of the common stock of MindWave, a special purpose entity to be…
In a move signaling a major shift in the cryptocurrency landscape, BlackRock, the world’s largest asset manager, has emerged as a dominant force in Bitcoin ownership through its iShares Bitcoin Trust (IBIT). Launched in mid-January 2024, IBIT has rapidly accumulated Bitcoin (BTC) holdings, surpassing not only established crypto exchanges but also major corporate investors. Financial…
Amid uncertainty around Ethereum Spot Exchange-Traded Funds (ETFs), Grayscale Chief Legal Officer (CLO) Craig Salm has expressed his insights on the subject, addressing the similarities between Ethereum and Bitcoin spot ETFs. Ethereum Spot ETFs Is Just As Strong As Bitcoin Spot ETFs Craig Salm appears optimistic about the Ethereum spot ETFs’ approval from the United…
Ark Invest CEO Cathie Wood has reiterated her bullish stance on Bitcoin. The investment mogul, who recently disclosed she allocated 25% of her wealth into Bitcoin, has now predicted the cryptocurrency is on a highway to new highs. Particularly, Wood called Bitcoin a “financial super highway,” amidst discussions of its importance in emerging markets. As…
Shibarium, Shiba Inu’s layer-2 solution, recently reached an all-time high total value locked (TVL) of over $3.67 million. As if the current bullish sentiment around the Shiba Inu’s ecosystem isn’t enough, its layer-2 solution has now reached a milestone that could lead to a further price surge. According to data from DeFiLlama, the total value…
In the XRP lawsuit, the next crucial phase is set to commence for Ripple Labs against the US Securities and Exchange Commission (SEC) tomorrow. Defense lawyer James K. Filan has recently casted the spotlight on March 26. The SEC has already submitted its opening remedies-related brief along with supporting documentation, albeit under seal, to the…
The allure of Bitcoin continues to spark debate, with proponents touting its skyrocketing value and critics warning of a potential bubble. This weekend, a prominent crypto advocate and CEO, Michael Saylor, reignited the discussion by showcasing Bitcoin’s impressive gains compared to traditional assets. Bitcoin Debate: Saylor Vs. Schiff Saylor, the chairman of MicroStrategy, a business…
Acclaimed Author and Bitcoin bull Robert Kiyosaki has once again displayed his confidence in BTC, revealing his intentions of increasing his holdings as he predicts significant gains for the largest cryptocurrency asset. Robert Kiyosaki Targets Bitcoin At $100,000 Robert Kiyosaki reiterated his positive view on Bitcoin in a recent X post where he spelled out…
Terraform Labs co-founder Do Kwon is now set to be released from prison in Montenegro; however, the South Korean will remain restricted to the borders of the European nation pending a fixed date for his extradition to his home country. Do Kwon Serves Time In Montenegro, Awaits Extradition Decision In March 2023, Do Kwon, alongside…
