Venture capital (VC) funds invested nearly $800 million in crypto startups in November, according to DefiLlama data. Despite recording the fourth-best month for funding this year, the amount was down 8% compared to the money raised in October. Infrastructure still reigns The blockchain gaming sector raised roughly $71 million in…
State Auditor Andrew Sorrell has proposed that Alabama create a strategic Bitcoin (BTC) reserve to ensure its continued leadership in crypto adoption. He argued that such a move would diversify the state’s assets, attract crypto-focused businesses, and establish Alabama as a pioneer in the digital asset space. According to Sorrell:…
Bitcoin traded near $98,000 Wednesday after US November inflation data aligned with forecasts. The annual inflation rate reached 2.7%, matching consensus up 0.1%, while core inflation held at 3.3%, according to Trading Economics data. Monthly figures recorded 0.3%, slightly above last month’s 0.2%, and the Consumer Price Index stood at…
Hong Kong lawmaker Johnny Ng has questioned whether the city’s government is considering Bitcoin as part of its investment strategy. He raised these views in a Dec. 11 statement, highlighting the growing global recognition of Bitcoin and its decentralized nature despite its inherent risks. The Bitcoin reserve question Ng questioned…
Bitcoin (BTC) briefly surpassed the $101,000 threshold after a 3% surge in the hours following November’s Consumer Price Index (CPI) numbers, which came within the 2.7% expectations. The rally has fueled investor confidence, with a 98% probability now assigned to a 25 basis point rate cut by the Federal Reserve next…
Coincheck Group, the parent company of the Coincheck crypto exchange, begins trading on the Nasdaq stock exchange on Dec. 11. This milestone follows the completion of a merger with Thunder Bridge Capital, finalized earlier this month. Both companies announced on Dec. 10 that Thunder Bridge shareholders approved the merger during a…
The U.S. Securities and Exchange Commission charged three individuals on Dec. 11 with impersonating securities brokers and investment advisers to execute a scheme involving digital assets. The complaint names three Nigerian nationals and alleges that their actions diverted more than $2.9 million from at least 28 investors by directing them…
Democrat Ro Khanna, on a panel at Bitcoin MENA 2024, said being against Bitcoin is akin to rejecting other widely adopted technologies. He said Bitcoin represents freedom and cannot be ignored by a party claiming to champion the future. He noted that in places under authoritarian rule or experiencing rapid…
Velocity measures how frequently Bitcoin moves within a given period. It’s calculated by dividing the total transaction value by the average supply of Bitcoin. Higher velocity indicates heavier Bitcoin usage in transactions, while lower velocity suggests reduced activity and a growing preference for holding BTC. While velocity might sound too…
A phishing attack resulted in a crypto user losing $7.8 million worth of SolvBTC, a wrapped Bitcoin product created by Solv Protocol. On Dec. 11, blockchain security firm Scam Sniffer highlighted the incident and shed further light on the evolving sophistication of such scams. How the attack unfolded According to…