Bitcoin is up 4% in the last 24 hours after El Salvadorian President Nayib Bukele announced that his government had purchased an additional 420 BTC, which is equivalent to around $25 million. The country now holds an estimated 1,120 bitcoin. CoinDesk reports: “Today the markets were buoyed by news of Read more…
DeFi protocol Cream Finance suffered yet another hack this year after an exploit stole at least $130 million in what could be one of the largest thefts in decentralized finance. From a report: The attack on the Ethereum-based lending protocol was first reported by The Block Crypto, which cited a Read more…
Mark Cuban’s basketball team, the Dallas Mavericks, announced a five-year partnership with Voyager Digital yesterday that makes the company the team’s first cryptocurrency brokerage. A report adds: The agreement also includes free Bitcoin for fans that sign up in the initial two days of the partnership, as explained by the Read more…
A top U.S. bank regulator said U.S. officials are looking to provide a clearer path for banks and their clients that are looking to hold cryptocurrencies, in order to keep control over the fast-developing asset. Reuters reports: Jelena McWilliams, who chairs the Federal Deposit Insurance Corporation, told Reuters in an Read more…
As investors race to capitalize on surging interest in cryptocurrencies, startups are getting creative in how they onboard a generation of crypto users to their first wallets. From a report: Worldcoin is perhaps one of the most audacious efforts to bribe the world to embrace their currency. The startup, founded Read more…
Even before the launch, President Bukele’s push for Bitcoin was not popular at home or abroad. The IMF refused to help fund the rollout, warning of “macroeconomic, financial, and legal issues.” And Salvadorians took to the streets to protest the Bitcoin project before and after the launch. One Central American Read more…
Less than a month ago Bitcoin’s price was $40,683. Last night it reached $61,369 — a gain of more than 50% in just 24 days. CNN attributes the October surge to “hopes that the Securities and Exchange Commission will soon approve a bitcoin futures exchange-traded fund.” Bitcoin prices, which rose Read more…