In a statement released on March 7, the Canadian fintech entity Mogo disclosed its strategy to diversify its portfolio by investing in bitcoin and bitcoin exchange-traded funds (ETFs), earmarking an initial outlay of as much as $5 million. Canadian Fintech Mogo Dives Deeper Into Bitcoin The publicly traded Canadian enterprise Mogo (Nasdaq: MOGO) (TSX: MOGO) …
Monthly archives: March 2024
High Court Shifts Extradition Route for Terraform Labs’ Do Kwon to South Korea
In a recent legal twist, the High Court in Podgorica has ruled in favor of extraditing Terraform Labs co-founder Do Kwon to South Korea. This decision comes after the Montenegro Appeals Court overturned a previous ruling that favored his extradition to the United States, marking a pivotal moment in the ongoing legal battle surrounding the …
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Prometheum Issue Prompts US Watchdog To Call For Clarity On Whether Ethereum Is A Security
Remarks relating to Prometheum by Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam have reignited calls for clarity on whether Ethereum is a security or […] Go to Source
WIF Whales Gorge On SMOG Token Amid Meme Coin Mania, Binance Listing In View After New All-Time Highs
Solana-based meme coin $SMOG’s price powered 60% higher overnight as the Asian buying frenzy continues and rumors of a Binance listing abound. The dragon coin […] Go to Source
TradFi Investors on Unprecedented Bitcoin Accumulation Spree, Scooping Thousands of BTC per Day: CryptoQuant
Investors from the traditional finance sector are gobbling up Bitcoin (BTC) at “unprecedented” levels, according to the co-founder and chief executive of analytics platform CryptoQuant. Ki Young Ju tells his 335,600 followers on the social media platform X that traditional finance investors are dollar-cost averaging 6,896 BTC per day. “They accumulated 103,726 BTC over the …
Bitcoin Firmly in the Pre-Halving Rally Phase, According to Analyst – But There’s a Catch
A closely followed crypto analyst says that Bitcoin (BTC) is currently decisively in the midst of its pre-halving rally. Pseudonymous crypto strategist Rekt Capital tells his 410,900 followers on the social media platform X that despite this, the top crypto asset by market cap could still see some dips along the way. “Bitcoin is still …
Binance.US Has Laid Off Majority of Its Staff and Suffered Blows to Revenue Due to SEC Lawsuit: Report
Binance’s US arm is reportedly downsizing amid legal challenges with federal securities regulators. In June, the U.S. Securities and Exchange Commission (SEC) filed 13 charges against Binance and its founder Changpeng Zhao for allegedly selling unregistered securities, misleading investors about security protocols and mishandling customer funds. Binance.US, which operates under BAM Trading, is also accused …
Pantera in Fundraising Efforts To Finance Purchase of Solana (SOL) Valued at $250,000,000 From FTX: Report
Crypto asset manager Pantera Capital is reportedly raising funds to finance a nine-figure purchase of smart contract platform Solana (SOL) from bankrupt crypto exchange FTX. According to a new report by Bloomberg, Pantera is seeking funds to buy $250 million worth of the Ethereum (ETH) rival from the failed digital asset exchange. The report cites …
Montenegro Court Revokes Earlier Decision To Extradite Do Kwon to US, Citing Procedural Violations
An appellate court in Montenegro overturns an earlier ruling that approved the extradition of disgraced Terraform Labs founder Do Kwon to the United States. Kwon is facing criminal charges arising from the collapse of the stablecoin TerraUSD and cryptocurrency Luna that wiped out $40 billion worth of investor funds in 2022. In March last year, …
NFT Platform Lost Worlds Launches Creation Portal To Enable Simplified GeoNFT Minting
March 7, 2024 – New York, United States Location-based NFT platform Lost Worlds has launched a new ‘creation portal,’ enabling users to create and deploy GeoNFTS (geographically-linked digital collectibles) with unprecedented ease. The team behind the multi-chain platform says the portal will propel its ecosystem into full autonomy and sustainability by bringing its Pokemon Go-esque …
Montenegro decides to extradite Do Kwon to South Korea in retrial
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Tesla and SpaceX’s Bitcoin holdings unveiled by Arkham Intelligence
Arkham Intelligence has identified the on-chain Bitcoin addresses of Elon Musk‘s companies, Tesla and SpaceX. In a Mar. 7 social media post on X (formerly Twitter), Arkham disclosed that Tesla possesses 11,510 BTC, valued at $780 million, spread across 68 addresses. Additionally, SpaceX holds 8,290 BTC, equivalent to $560 million, distributed across 28 addresses. Arkham …
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Pantera eyes $250 million in discounted Solana tokens from FTX estate
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MicroStrategy ups debt offering to $700 million to buy more Bitcoin
MicroStrategy’s MSTR shares surged by about 3% in pre-market trading following the company’s announcement to increase its convertible debt offering to $700 million, up from the initially planned $600 million. This uptick in stock performance maintains the ongoing positive trend observed in MSTR shares since the year began. According to data from Yahoo Finance, the …
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Short-term holders transfer record $4.3 billion in profits to exchanges
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