Metaplanet accelerates the purchase of bitcoin and already accumulates 750 BTC

The company bought another 1 billion yen worth of bitcoin, or about $6.5 million. The company has invested more than $45 million in BTC since April 2024. Metaplanet, nicknamed the “Japanese MicroStrategy,” announced this Friday, October 11, the acquisition of an additional 108.9 BTC. The company invested 1 billion yen in this purchase, which is … Read more

Mt. Gox extends the payment period to its creditors for one year

The failed bitcoin exchange, Mt. Gox, announced on Thursday, October 10 that it will extend the repayment period to its creditors until October 31, 2025. This decision was made because some creditors have not yet completed the necessary procedures to receive your payments. In a releaseNobuaki Kobayashi, who is the court-appointed rehabilitation trustee conducting the … Read more

Half of traditional hedge funds already invested in cryptocurrencies

“Institutional investors are showing renewed interest,” the report says. ⁠Regulatory challenges represent the main obstacle to broader adoption, they point out. A study by the Alternative Investment Management Association (AIMA) reveals that investment in cryptocurrencies by traditional hedge funds in the United States has increased significantly. According to him reportinvestments in digital assets increase as … Read more

Coinbase predicts greater institutional buying of bitcoin due to the US elections

The imminent presidential elections in the United States may become a catalyst for the bitcoin (BTC) and cryptocurrency market that drives institutional demand. This is highlighted by a report from the Coinbase exchange, published on October 10, due to the bipartisan support for the ecosystem. “Cryptocurrencies could see greater adoption by institutional investors looking for … Read more

Ripple files counterclaim against the SEC

Ripple wants to make sure “nothing is left on the table.” They hope that the Court of Appeals will “put a stake in the heart” of Gary Gensler’s actions. In a calculated response, Ripple Labs through its chief legal officer Stuart Alderoty, has today filed a counterclaim against the United States Securities and Exchange Commission … Read more

Satoshi Nakamoto statue to be unveiled in Lugano

Unlike the statue in Hungary, which is a bust, this work will be life-size. Lugano is recognized worldwide as the Bitcoin City of Switzerland. Lugano Plan B announced the unveiling of a life-size statue of Satoshi Nakamoto, the creator of Bitcoin. The presentation will be made within the framework of the Plan B Forum event, … Read more

500,000 seized ETH risk being liquidated

The Ethereum cryptocurrency, ether (ETH), could be facing an imminent wave of selling that will pressure its price downwards. This is according to new movements detected in the coins seized from PlusToken, a project declared a Ponzi scheme in China. More than 7,000 ETH of the 542,000 ETH (valued at USD 1.3 billion), which remained … Read more

Sui’s new video game console will compete with Play Solana

SuiPlay0X1 has an AMD Ryzen 7 7840U processor, 512 GB of SSD storage and 16 GB of RAM. Sui’s console will support “AAA” rated games. At the beginning of September, the first layer network (L1) SUI reported at an event held in Seoul, South Korea, the launch of its portable video game console with Web3. … Read more

Uniswap launches new L2 for decentralized finance

According to Uniswap Labs, transactions on Unichain will feel instantaneous. Unichain Introduces a new full node validation network. Uniswap, known for its decentralized exchange (DEX) protocol on Ethereum, unveiled Unichain, a second-layer solution designed specifically to improve operations within the decentralized finance (DeFi) ecosystem. This innovation promises to drastically reduce transaction times and costs, positioning … Read more