FTX Estate Sues KuCoin for $50M in Frozen Assets.
The estate of the bankrupt cryptocurrency exchange FTX has filed a lawsuit against the crypto exchange KuCoin to recover over $50 million in frozen assets. According to court documents, the…
Massive Bitcoin Volatility Expected as U.S. Presidential Election Draws Close.
Bitcoin’s value is expected to experience significant volatility as the U.S. presidential election approaches, driven by the “Trump trade” narrative and the asset’s Q4 seasonality performance. Analysts at Bitfinex believe…
Nigerian Telecommunication Companies Suffer Massive Losses After NIN-SIM Verification Exercise.
A recent government mandate has forced Nigerian telecom operators to link mobile SIM cards to National Identification Numbers (NINs). This stringent measure has resulted in a significant decline in subscriber…
MicroStrategy Joins the Tech Elite, Thanks to Bitcoin.
Michael Saylor, the visionary CEO of MicroStrategy, is celebrating the company’s recent ascent to the top tier of U.S. stocks. On October 25th, MicroStrategy’s daily trading volume surpassed tech giants…
Metaplanet’s Bitcoin Bet Pays Off.
Japanese investment firm Metaplanet has significantly increased its Bitcoin holdings to over 1,000 BTC. This move comes after a recent $10 million purchase of 156.7 BTC. The firm’s total Bitcoin…
FTX Agrees to $228 Million Settlement in Bybit Legal Dispute.
FTX, the bankrupt cryptocurrency exchange, has reached a settlement with Bybit, its executives, and investment arm Mirana. The deal, valued at $228 million, is expected to help FTX repay its…
Tether’s Reserve Breakdown and Regulatory Scrutiny.
Tether, a prominent stablecoin issuer, has recently faced increased scrutiny and allegations, prompting its CEO, Paolo Ardoino, to provide a detailed breakdown of its reserves. Reserve CompositionArdoino revealed that Tether’s…
Long-Dormant Bitcoin Wallets Stir to Life After Many Years of Inactivity.
In a series of astonishing on-chain events, several long-forgotten Bitcoin wallets have recently reawakened, signaling significant profits for their patient owners. These dormant addresses, some dating back over a decade,…
Bitcoin investment surges by $920 million as US political developments fuel interest in digital assets.
The recent surge in Bitcoin inflows, amounting to a staggering $920 million in October, has been primarily attributed to the growing Republican support in the United States. This political climate…
World Bank Mandate Nigeria To Introduce More Taxes As Condition To Access $750 Million Loan.
The Federal Government is undertaking significant tax reforms to increase revenue and improve efficiency. This initiative is driven by the need to meet the conditions for a $750 million loan…