Japanese investment firm Metaplanet has recently secured a $6.8 million loan from one of its shareholders, MMXX Ventures, to increase its Bitcoin holdings. This move comes after Metaplanet announced its plans to raise $70 million through a stock rights offering, with a major portion earmarked for Bitcoin investments. The loan carries a low 0.1% interest
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Immutable, a prominent player in the NFT and blockchain gaming space, has recently announced its decision to close down its NFT marketplace. This strategic move is in line with the company’s vision of bolstering its network by supporting other marketplaces within its ecosystem. The closure of Immutable Marketplace is scheduled to begin on August 13,
A crypto analyst known as ‘The Crypto Dog’ has recently shared a bullish forecast for Bitcoin, the world’s largest cryptocurrency. According to the analyst, Bitcoin might experience significant rallies in the future, recovering from its recent market declines at a rapid pace. This positive outlook comes in the wake of Bitcoin maintaining a crucial support
In today’s rapidly evolving political landscape, the intersection of cryptocurrency advocacy and political campaigns has become increasingly prominent. A recent Fox Business report highlighted the emergence of a new advocacy group, “Crypto for Harris,” aimed at challenging Donald Trump’s industry appeal. This development signifies the growing influence of the cryptocurrency industry in shaping political narratives
The addition of options features to Bitcoin exchange-traded funds (ETFs) in the US market is a highly anticipated development. Bloomberg ETF analyst, James Seyffart, has suggested that these features could be implemented as early as the third quarter. He mentioned the final deadline for a decision from the US Securities and Exchange Commission (SEC) is
XRP, the cryptocurrency associated with Ripple Labs, has recently shown a significant surge in its price, outperforming other major digital assets. In just one day, XRP experienced a price increase of almost 20%, reaching $0.64 before retracing slightly to $0.61. This spike has led to a monthly gain of 42%, indicating a bullish trend for
Brazil’s Securities and Exchange Commission (CVM) recently made headlines by approving the country’s very first Solana-based exchange-traded fund (ETF). This move positions Brazil ahead of other countries, including the United States, where the process of approving Solana ETFs is still in its early stages with uncertain outcomes. This approval signifies a significant step forward for
After a recent price crash that saw Bitcoin dip below $60,000, many hopeful investors were left wondering if the leading cryptocurrency would ever reach a new all-time high. However, analysts like CryptoQuant CEO Ki Young still believe that there is room for growth in the long term. Ki Young recently shared his bullish outlook for
The recent decision by United States District Judge Peter Castel to finalize a $12.7 billion settlement has sent shockwaves through the cryptocurrency community. This settlement obligates the bankrupt cryptocurrency exchange FTX and its sister company Alameda Research to compensate the former’s creditors. This decision is part of a settlement with the United States Commodity Futures
In the fast-paced world of cryptocurrency trading, predictions about price movements can make or break an investor’s portfolio. Benzinga crypto analyst Armando Pantoja stirred the pot on Tuesday by forecasting that Shiba Inu’s price will skyrocket to $0.001 due to FOMO (fear of missing out). However, Pantoja also warned that one of SHIB’s competitors may