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Remember Akon’s Futuristic Crypto City? Here’s the Brutal Reality After 7 Years

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Senegal has officially scrapped Akon’s much-hyped plans to build a futuristic, crypto-powered city on its Atlantic coast. The West African country is reclaiming most of the land once set aside for the project and shifting focus to a scaled-back, privately funded tourism hub. “Real-Life Wakanda” No More First announced in 2018 and branded as a […]

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Bitcoin to M? Corporate Treasury Boom Could Spark Dot-Com Level Mania

Bitcoin to $1M? Corporate Treasury Boom Could Spark Dot-Com Level Mania

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At the time of this writing, Bitcoin (BTC) was trading just over $118,000, after recovering from a dip that took it to a two-week low at $114,500 on July 24. But behind the relatively calm price action, a potentially explosive narrative is gathering steam. Proponents say we’re witnessing the most calculated supply shock in crypto

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US Feds File Suit to Forfeit .1M in Crypto With Ties to Oil and Gas Storage Fraud

US Feds File Suit to Forfeit $7.1M in Crypto With Ties to Oil and Gas Storage Fraud

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The U.S. Department of Justice is cracking down on yet another cryptocurrency fraud ploy. The losses amount to tens of millions, and it’s expected that more will be identified. An Elaborate Scheme The U.S. Attorney’s Office in the Western District of Washington filed a civil action on Tuesday, demanding the forfeiture of cryptocurrency assets valued

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The Smarter Web Company Adds M BTC to Treasury

The Smarter Web Company Adds $26M BTC to Treasury

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The weather is hot, and so is the race of the public companies that have adopted the treasury model with the leading cryptocurrency asset. The web design agency has been making weekly acquisitions and is currently ranked in the top 30. Steady Growth Based in the UK and publicly traded on the Aquis Stock Exchange

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Less Than 1 BTC Might Be Enough to Retire: Here’s Why

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The question of how much Bitcoin is needed to retire has probably been asked by most investors, and recent research may now have the answer. Bitcoin researcher and investor ‘Smitty’ has created a model calculating how much BTC is needed to retire on. “Most people in most countries still need less than 1 BTC for

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Japanese AI Company Quantum to Acquire 3,000 BTC Amid Trade Agreements With US

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The leading cryptocurrency asset has remained a strong contender for different companies’ treasury strategy, now recognized globally within the corporate world. With rising uncertainty in major economies due to various political and macroeconomic conditions, BTC remains a “safer” alternative, at least for now. Another Player in The Game An AI-focused firm headquartered in Japan, listed

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ETH to Lead BTC Over Next 6 Months, Says Galaxy CEO

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Galaxy CEO Mike Novogratz has predicted that Ethereum (ETH) could outperform Bitcoin (BTC) in the coming 3 to 6 months. During a Thursday interview with CNBC, the executive revealed that market conditions increasingly favor ETH’s upside. Corporate Interest and ETF Flows “I think Ethereum probably has a lot of chance to outperform Bitcoin in the

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FTX to Start Next Creditor Payout in September Following Court Approval

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Defunct crypto exchange FTX has announced that it will start distributing the next batch of creditor claims on September 30. This is after the bankruptcy court granted permission for it to reduce its disputed claims by $1.9 billion. Disputed Claims Reserve Slashed by $1.9B In a July 23 press release, FTX revealed that the next

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Cathie Wood’s ARK Offloads Coinbase and Roblox to Back Tom Lee’s ETH Venture

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The global asset manager has taken a surprising step by shuffling some of its assets under management. Meanwhile, ether has been experiencing significant institutional demand, driven by the growing popularity of companies focusing on building ETH treasuries. Restructuring of Assets The CEO and founder of investment management firm ARK Invest, Cathie Wood, has shifted the

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Coinbase Opens CFTC-Regulated Perp Futures to US Traders

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Coinbase has officially launched CFTC-regulated perpetual futures for U.S. traders through its Coinbase Financial Markets (CFM) platform. This development marks the first time American retail investors can access these derivatives in a fully regulated environment. Coinbase’s Offering As of Monday, the company has joined the expanding list of exchanges offering regulated derivatives in the U.S.

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