MicroStrategy, the leading business intelligence firm headed by Michael Saylor, has further strengthened its position in the world of cryptocurrency by acquiring Bitcoin worth a staggering $347 million. This latest purchase marks a significant milestone in MicroStrategy’s ongoing efforts to expand its crypto holdings. Quick facts: The company’s commitment to Bitcoin is evident in its … Read more
In the latest blow to Binance, the world’s largest cryptocurrency exchange by trading volume, its European expansion campaign faces increasing hurdles as the company struggles to obtain licenses in a number of countries. Quick facts: Binance has reportedly withdrawn its application for registration with the Austrian Financial Market Authority (FMA). According to FinanceFWD, a German … Read more
Swiss prosecutors have taken a significant step in the ongoing legal saga surrounding Do Kwon, the co-founder of Terraform Labs, by freezing approximately $26 million worth of cryptocurrencies and US dollars believed to be associated with him and his associates. Quick facts: The asset freeze comes as a result of requests made by the New … Read more
Binance, a major force in the cryptocurrency exchange space, is now facing a significant decline in market share due to a series of regulatory hurdles. Quick facts: The world’s largest crypto exchange has been grappling with various legal challenges and regulatory actions, resulting in a substantial erosion of its market dominance. According to Bloomberg, Binance’s … Read more
BitGo, a leading cryptocurrency custody provider, has faced a setback in its bid to acquire Prime Trust, a financial institution specializing in custodial and escrow services for digital assets. Quick facts: According to a recent tweet from BitGo’s official Twitter account, Prime Trust’s regulatory difficulties have caused the planned acquisition, which was just over two … Read more
Ripple, the prominent blockchain-based payments firm, has achieved a major breakthrough with the approval of a Major Payments Institution License from the Monetary Authority of Singapore (MAS). This significant regulatory milestone allows Ripple’s Singapore branch to provide regulated digital payment token products and services, as well as expand the adoption of its crypto-enabled On-Demand Liquidity … Read more
Amidst a tightening regulatory environment for cryptocurrencies in the United States, Gemini, run by the Winklevoss twins, is beginning a significant expansion into the Asia-Pacific region. To facilitate this expansion and tap into new avenues of growth beyond American borders, Gemini has announced plans to hire 100 additional employees. Quick facts: As per the announcement … Read more
The competition to introduce a spot Bitcoin exchange-traded fund (ETF) in the United States is heating up as two investment companies have recently submitted fresh filings to the Securities and Exchange Commission (SEC) for ETFs centered around the popular cryptocurrency. Quick facts: WisdomTree, an asset management firm, has lodged a filing for its proposed WisdomTree … Read more