Author: Tanishq Bodh
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Tether Acquires 7,629 Bitcoin, Boosting Reserves to $7.7 Billion
Tether, the issuer of the world’s largest stablecoin $USDT, has expanded its Bitcoin reserves with the purchase of 7,629 BTC, valued at approximately $705 million. This acquisition increases the company’s total Bitcoin holdings to $7.7 billion. A Strategic Shift Toward Bitcoin Tether’s decision aligns with a strategy announced in May 2023, allocating up to 15%…
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Solana Co-Founder Accused of Diverting Ex-Wife’s Staking Rewards
Stephen Akridge, co-founder of the Solana blockchain platform, is facing a lawsuit from his ex-wife, Elisa Rossi, over allegations that he misappropriated millions of dollars in staking rewards from her cryptocurrency holdings. Allegations of Exploitation Filed in the San Francisco Superior Court, the lawsuit claims Akridge used his advanced blockchain expertise to gain unauthorized access…
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Nakamoto Games Introduces $NAKA Mobile App for Play-to-Earn Gaming
Nakamoto Games has launched its $NAKA Mobile App, now available on Android devices. The app extends the Play-to-Earn (P2E) ecosystem to mobile platforms, allowing users to earn cryptocurrency through gaming on the go. Transition to Mobile Gaming The December 27 launch represents a step toward broader accessibility for Nakamoto Games’ P2E platform. The app is…
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Memecoin MIRA Raises Millions for Cancer Research Amid Volatile Trading
A memecoin created in response to a father’s plea for funding rare brain cancer research has generated over $1 million, despite its volatile market trajectory. The MIRA token, launched on the Pump.Fun platform, reached an $80 million market capitalization within hours before experiencing an 80% drop in value. The initiative began when Siqi Chen, founder…
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Bitwise and Strive File Proposals for Bitcoin-Focused ETFs
Bitwise Asset Management has filed with the US Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF) called the “Bitcoin Standard Corporations ETF.” The proposed fund aims to invest in companies that hold substantial Bitcoin reserves as part of their corporate treasury. Additionally, Strive Asset Management, co-founded by entrepreneur Vivek Ramaswamy, has…
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Montenegro Dismisses Do Kwon’s Extradition Appeal
Montenegro’s Constitutional Court has dismissed an appeal by Terraform Labs co-founder Do Kwon, removing a critical legal obstacle in his extradition process. The court’s decision, reportedly unanimous, cited procedural flaws in Kwon’s case and upheld a prior ruling that supported his extradition. US Extradition Gains Momentum The final decision now rests with Montenegro’s justice minister,…
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Russia Adopts Bitcoin to Counter Sanctions and Boost Trade
Russia has officially adopted Bitcoin and other cryptocurrencies for international trade as part of its strategy to bypass Western sanctions and secure new trade channels. Finance Minister Anton Siluanov confirmed the move during a televised announcement, stating that digital currencies mined domestically are now being used in foreign trade under a pilot framework. How Russia…
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Will Sam Bankman-Fried Be Pardoned? Political Links Under Scrutiny
Former FTX CEO at the Center of Pardon Speculation Sam Bankman-Fried (SBF), the founder and former CEO of the collapsed crypto exchange FTX, is facing rumors of a potential presidential pardon. The speculation stems from his financial ties to the Democratic Party and significant donations to President Biden’s 2020 campaign. Convicted in November 2023 on…
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VanEck Proposes Strategic Bitcoin Reserve to Cut US National Debt by 36%
VanEck, a global asset management firm, has projected that the United States could cut its national debt by 36% by 2050 by establishing a Strategic Bitcoin Reserve. The proposal aligns with growing advocacy for Bitcoin adoption, including Senator Cynthia Lummis’s push for the U.S. to acquire 1 million bitcoins as part of her Bitcoin Act…
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Dawn of the Damned 2.0 Officially Launches
Nakamoto Games has announced the official launch of Dawn of the Damned 2.0, an upgraded version of its action shooter. The game is now available for download at dawnofthedamned.com, offering players an updated experience with enhanced gameplay mechanics and features. Rewards Campaigns and Mobile App Development The company stated that rewards campaigns tied to the…