Microstrategy announced a $ 42 billion plan to accelerate bitcoin purchases, aiming to strengthen its reserves and position itself as a leader in digital asset investment. Aiming High: Microstrategy’s $ 42 Billion Vision for Unmatched Bitcoin Reserves Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR) announced its Q3 2024 results on Wednesday, detailing a …
The G7’s finalized deal approving a Russian assets-backed loan of $ 50 billion to support the Ukrainian war effort has the potential to upset the Western financial system. Critics state that the U.S. and other countries may face repercussions, including losing the trust of some of their allies. Russian Assets-Backed Loan Has the Potential …
Ledn, a crypto lending platform, has announced $ 1.67 billion in loans processed year-to-date (YTD) as of Q3 2024, marking a milestone since its inception in 2018. This total includes $ 258.7 million in retail loans and $ 1.41 billion in institutional loans, with Q3 alone accounting for over $ 506 …
Payments company Stripe has acquired stablecoin platform Bridge in a $ 1.1 billion transaction, marking the largest acquisition in the crypto industry to date. Techcrunch founder Michael Arrington confirmed the news through a post on X, emphasizing the significance of this milestone deal. The acquisition of Bridge reflects Stripe’s growing commitment to cryptocurrency. Bridge …
China’s trade with BRICS countries surged by 5.1% year-on-year, reaching 4.62 trillion yuan (approximately $ 653 billion) in the first three quarters of 2024. Officials emphasized the importance of BRICS as a crucial platform for developing nations to collaborate, particularly in sectors like steel and textiles, further enhancing their global influence after expanding its …
Since surpassing the $ 2 billion milestone in tokenized U.S. Treasuries at the end of August, the sector has added another $ 210 million. The Blackrock USD Institutional Digital Liquidity Fund (BUIDL) still holds the top spot with a market cap of $ 531.88 million, reflecting a 3.32% rise over the last …
The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $ 2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register, raising concerns over investor protection. The charges seek injunctive …
It’s been approximately 38 days since Makerdao, the decentralized finance (defi) project, rebranded as Sky and launched both the USDS stablecoin and the SKY token. During this time, more than a billion USDS coins have been minted, and 530 million DAI have been converted to the new standard. Makerdao Sees 530 Million DAI Upgraded Since […]
Coinshares, through its lead research analyst James Butterfill, has reported a third consecutive week of inflows into digital asset investment products. Total inflows amounted to $ 1.2 billion, reflecting a reaction to continued expectations of dovish U.S. monetary policy. Bitcoin Drives $ 1 Billion in Crypto Inflows, According to Coinshares According to Coinshares’ …
On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their upward momentum, raking in a sizable $ 494.27 million in inflows. Spot ethereum ETFs followed suit, adding $ 58.65 million to their tally. Bitcoin ETFs Lead the Charge with $ 494M Inflows; Ethereum ETFs See Strong Growth Data from sosovalue.xyz shows that …
According to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $ 12.37 billion year-to-date, exceeding the total crypto purchases of 2023. This indicates that exchanges and trading platforms are preparing to accommodate a large …
From Jan. 11 to Sept. 26, 2024, Blackrock, the world’s largest asset manager, collected an astonishing 363,626.36 bitcoin, valued at just over $ 24 billion as of Sept. 27. This accumulation puts Blackrock’s exchange-traded fund (ETF), IBIT, on the cusp of controlling nearly 2% of bitcoin’s total supply. A Look at How Blackrock Quickly …
Russian Interior Minister Vladimir Kolokoltsev has revealed that cybercrime damage in Russia has surpassed $ 1.25 billion so far this year, with both individuals and organizations, including government bodies, as frequent targets. He highlighted that cybercrime now represents 40% of all crimes in the country, rising to 60% in serious cases. Cybercrime Costs Russia …
Tether’s USDT, the number one stablecoin by market cap, is growing as part of the TON ecosystem. According to the TON team, the stablecoin reached a milestone recently, registering authorized issuance numbers exceeding $ 1 billion. However, TON clarified that only $ 720.6 million was in circulation, while $ 309.3 million were …
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $ 9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency, and Latam’s neobank Nubank halts trading of its coin. …