Author: NBTC
Metaplanet Inc. (TSE Standard: 3350), a Japanese publicly traded company, has announced a significant enhancement to its Bitcoin holdings. In a recent board of directors meeting, the company resolved to purchase an additional ¥250 million, currently worth $1.6 million USD, worth of Bitcoin. JUST IN: 🇯🇵 Japanese public company Metaplanet to buy another ¥250 million worth of #Bitcoin pic.twitter.com/YmRDiLl02z — Bitcoin Magazine (@BitcoinMagazine) May 28, 2024 Metaplanet has recently outlined its approach to managing their Bitcoin. The company also stated that Bitcoins acquired for long-term purposes will be recorded at cost, ensuring stable accounting treatment over time. Conversely, Bitcoins held…
CryptoSlate’s James Van Straten and I sat down with Paolo Ardoino, the CEO of Tether, at BTC Prague this month. In one of Paolo’s most transparent to date, he addressed several critical topics related to Tether, including FUD surrounding Tether, its holdings in US treasuries, and competition in the industry. 2022: A Year of Challenges and Resiliency Paolo reflected on 2022 when I first met him at Paris Blockchain Week, labeling it as significant for both good and bad reasons. He acknowledged that while the year saw the exit of many bad actors from the crypto industry, it also provided…
VeChain founder Sunny Lu highlighted the staggering environmental impact of single-use paper cups at Proof of Talk. He noted that a massive 16 billion paper cups are discarded each year, requiring the felling of 6.5 million trees. How many paper cups do we waste every year? 16 billion paper cups from 6.5 million trees 🤯!@sunshinelu24 was at @proofoftalk to explain why incentivizing people to make sustainable choices through VeBetterDAO dApps like @mugshot_vet can save over 3 million trees annually. pic.twitter.com/mgsgzof7Xk — vechain (@vechainofficial) June 12, 2024 Lu proposed a straightforward solution: If everyone made a conscious effort to avoid using…
The crypto community is closely following the latest developments at FTX, the cryptocurrency exchange preparing to relaunch after its dramatic collapse. A recent X post by DeFi analyst Hanzo suggests FTX’s debt repayment efforts could ignite a resurgence in the value of certain cryptocurrencies, including its own native token, FTT. 3 | $LUNALUNA is crucial to Terra’s ecosystem and is affected by FTX. FTX listed LUNA, boosting liquidity and market access for Terra.Additionally, Alameda Research, linked to FTX, invested in Terraform Labs! pic.twitter.com/c8AHxERzkO — Hanzo ㊗️ (@DeFi_Hanzo) June 15, 2024 Since its November 2022 collapse, which wiped out billions in…
Amendment to Article 173 of the Penal Code passed with significant support: 29 votes in favor, 7 abstentions. Legislation now moves to Chamber of Deputies; if passed, President Santiago Peña will decide to sign or veto. The Paraguayan Senate has recently passed a measure that imposes severe penalties on unauthorized Bitcoin mining operations. This legislation aims to address the theft of electricity for commercial or industrial purposes by increasing jail terms up to 10 years for those caught mining Bitcoin without proper permissions. Furthermore, the law mandates the confiscation and forfeiture of ASIC mining equipment involved in such activities. The…
Joe Grand, a prominent hardware hacker, has managed to gain access to a cryptocurrency wallet that contains $3 million worth of Bitcoin, The Wired reports. Grand managed to crack a password to the wallet after being contacted by an unfortunate crypto holder from Europe. An encrypted file that was storing the wallet’s RoboForm-generated password got corrupted, which prevented the holder from accessing his Bitcoin fortune that was initially acquired in 2013. Grand, who is known as “Kingpin” in the hacker community, gained popularity after appearing on “Prototype This!” back in 2008. He appeared on the show alongside other investors such…
The term “RWA” — for Real-World Assets — in the DeFi context is sometimes considered confusing and controversial. For one, in finance and banking, “RWA” typically refers to “Risk-Weighted Assets,” which are used to determine capital requirements under regulatory frameworks. Even within DeFi, the concept can encompass a wide variety of asset types, including real estate, commodities, and bonds. Nevertheless, it’s a part of the current crypto cycle narrative that is here to stay. Read more: Empire Newsletter: Crypto natives dig themselves in to the RWA space To provide a simple way to access the category, Index Coop has added…
In a bold prediction that has captured the attention of the crypto community, prominent analyst Jelle has forecasted Ethereum (ETH) to reach an all-time high of $5,000 by the end of the year. This comes on the heels of ETH successfully turning the $3,500 level into solid support, a milestone Jelle highlighted in a recent tweet. Currently, Ethereum is trading at $3,540, reflecting a slight decline of 0.33% over the past 24 hours. Despite this minor dip, there has been a significant increase in trading volume, which has surged by 22.88%, amounting to $12,881,843,193. This uptick in trading activity signals…
Life insurance is the latest traditional financial product to receive crypto’s red-hot tokenization treatment. Infineo, a company that focuses on blockchain-based life insurances, said Tuesday that it has transferred the “first-ever” tokenized life insurance policy on distributed ledger system. The firm minted a total of $9.4 million worth of policies using the Provenance network, according to a press release reviewed by CoinDesk. The policies were tokenized with Provenance Blockchain Labs, the ecosystem development organization behind the Provenance network. Imineo said it is also developing secondary markets for tokenized policies that enable peer-to-peer transactions and new offerings backed by tokenized life…
The Fondazione TON has recently announced the beginning of season 4 of The Open League, its prominent community incentives initiative. This launch not only marks a new chapter in the program but also highlights an important milestone for the foundation: surpassing Ethereum in terms of daily active addresses. This result is a testament to the growing popularity and trust in the TON ecosystem, which aims to integrate cryptocurrency into daily life, offering users financial freedom and digital sovereignty. The Open League: a catalyst for the growth of the TON project The Open League has been fundamental in the rapid rise…