Jack Dorsey’s Block, a leading digital payments company, had a stellar Q4 2023, with Bitcoin sales jumping 37% year-over-year and strong performances from Cash App and Square. Bitcoin Bonanza: Sales Skyrocket, Holdings Strengthen Bitcoin continues to be a major driver of growth for Block, with total sales reaching an impressive $2.52 billion in Q4. Cash…
FTX to Sell $1 Billion Anthropic Stake US Bankruptcy Judge John Dorsey approves FTX’s proposal to sell its 7.84% shares in Anthropic. FTX filed a motion on February 3 to auction off its Anthropic Series B stock. FTX invested over $500 million in Anthropic in 2021. Anthropic’s valuation is expected to reach $15 billion, elevating…
Dencun Upgrade Expected to Boost Layer-2 Adoption Guy Turner, the host of the Coin Bureau YouTube channel, is optimistic about the prospects of Ethereum (ETH) layer-2 projects. In a recent strategy session, Turner told his 2.41 million subscribers that the upcoming Dencun upgrade could lead to a surge in the value of layer-2 tokens. The…
An NFT platform, Pizza Ninjas, has successfully launched a classic Nintendo 64 emulator on the Bitcoin (BTC) blockchain using BTC ordinals. Ordinals allow data to be inscribed on satoshis, the smallest unit of BTC. Emulators and Brotli Compression Emulators enable gamers to play video game consoles on other devices without owning or operating the console…
Binance, the leading global crypto exchange, has announced its support for a new cross-chain crypto gaming project called Portal (PORTAL) through its Launchpool platform. Launchpool and PORTAL Launchpool is a platform that allows users to stake coins to farm new assets. Starting on Wednesday, Binance users will have seven days to stake BNB and the…
Market Overview Crypto analyst Michaël van de Poppe shares his trading strategy for the next 1-2 months with his 700,000 followers on social media. He believes Bitcoin (BTC) is at the end of its current run and may consolidate, potentially leading to a correction. Strategy Survive Potential Bitcoin Correction: Bitcoin is nearing the end of…
Congressional Backlash Against Bitcoin Mining House Majority Whip Tom Emmer, known as the “Crypto King of Congress,” has accused the Biden administration of abusing its power to target Bitcoin miners. Emmer’s concerns stem from the approval of an emergency request by the Office of Management and Budget (OMB) for 82 Bitcoin mining firms to share…
Samson Mow, a crypto project founder, believes that the recent stability in Bitcoin’s price can be attributed to the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States. Spot ETFs’ Impact on Bitcoin’s Price Mow argues that without the capital influx from spot Bitcoin ETFs, the cryptocurrency would have experienced a significant price…
South Korea’s Gyeonggi Province has taken a bold step in the fight against crypto tax evasion with the implementation of a new digital tracking system. This innovative system streamlines the process of tracking crypto assets held by debtors in virtual asset exchanges, significantly reducing the time it takes to collect taxes. Unveiling the Digital Tracking…
Nigeria has intensified its scrutiny of major cryptocurrency exchanges, including Binance and Coinbase, to combat financial crimes associated with digital assets. The country’s telecommunications companies have been ordered to restrict access to these crypto firms’ websites following guidelines issued by the Central Bank of Nigeria (CBN). Binance and Coinbase Restrictions In December 2023, the Central…
