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On Tuesday, Oct. 8, 2024, HBO premiered its highly anticipated documentary “Money Electric,” offering a deep dive into the origins of Bitcoin. Directed by Cullen Hoback, renowned for his work on the Qanon series “Q: Into the Storm,” the film brought together a range of voices from the cryptocurrency space, including developers, early adopters, and … Read more
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized the importance of the decision to float the naira, despite public criticism of the move. He stated that the disparity between official and parallel exchange rates encouraged arbitrage and speculation, eroding market trust. He highlighted the positive impact of the decision on reducing … Read more
Ward Roddam, mayor of the City of Rockdale in Texas, explained how the arrival of bitcoin mining revitalized the city’s economy. In a recently published opinion piece, Roddam noted that bitcoin miners took advantage of the energy infrastructure left by Alcoa, an aluminum plant that closed in 2008 due to rising energy costs and regulations. … Read more
Metaplanet Inc., a company publicly listed on the Tokyo Stock Exchange, announced on Monday an additional purchase of 108.786 bitcoin for a total investment of 1 billion yen (approximately $6.7 million). The average purchase price was 9,192,359 yen per BTC. With this acquisition, Metaplanet’s total bitcoin holdings now stand at 639.503 bitcoin. The cumulative amount … Read more
On Monday, Oct. 7, bitcoin (BTC) reached an intraday peak of $64,444, giving traders plenty to buzz about. By the end of Monday’s trading sessions, BTC had gained 2% against the U.S. dollar. The global crypto trading scene saw an impressive $92.617 billion in volume, with bitcoin grabbing a $29.85 billion slice of that pie. … Read more
Binance, one of the largest crypto exchanges, has disclosed that it does not automatically comply with account blockages imposed by Israeli authorities. According to reports, the exchange failed to comply with 86% of these requests, as the accounts referenced did not appear to be involved in illicit activities, as determined by Binance’s investigations. These statements … Read more
Ethereum co-founder Vitalik Buterin has demonstrated his continued support for Tornado Cash developer Roman Storm by donating an additional 100 ETH, valued at approximately $240,000, to Storm’s legal defense fund. This marks the third contribution from Buterin, bringing the total amount raised for the fund to over 327 ETH. The fund was established to assist … Read more
The founder of Telegram has announced plans to support TON-based non-fungible token (NFT) gifts later this year. This new feature will allow users to convert limited-edition animated gifts into NFTs on the TON blockchain. These tokenized gifts can be displayed on user profiles or traded for Telegram’s in-app currency, Stars. Additionally, users will have the … Read more
Cryptocurrency exchange Kraken has launched a new regulated derivatives trading platform in Bermuda after obtaining a Class F Digital Business License from the Bermuda Monetary Authority. This platform offers over 200 contracts, including perpetual and fixed-maturity futures, and aims to provide a secure and reliable trading experience. The move highlights Bermuda’s supportive regulatory environment and … Read more
Offshore Alert reporter David Marchant disclosed the United States has initiated two forfeiture complaints related to previously confiscated bitcoin (BTC) and tether (USDT), alleging that these funds were snatched by the notorious North Korean hacking groups Lazarus Group and Advanced Persistent Threat 38 (APT38). These cyber hacking syndicates are known for their operations to fund … Read more