In a groundbreaking move, a South Korean biotech firm has secured a substantial funding of $183.3 million to establish a Bitcoin treasury. The Seongnam-based company, formerly known as Bridge Biotherapeutics, is set to transform into Parataxis Korea following the infusion of 25 billion won from crypto investment firm Parataxis. This strategic decision mirrors the growing…
In a recent development, Salt Lake City-based health-care data firm KindlyMD has made waves by securing an additional $51.5 million for its Bitcoin treasury strategy. This move comes as part of the company’s merger with the bitcoin-focused holding entity Nakamoto, signaling a strategic shift towards diversifying its investment portfolio into the world of cryptocurrencies. The…
In the crypto world, keeping a close eye on market performance is crucial for investors and enthusiasts alike. One index that offers insights into the performance of various cryptocurrencies is the CoinDesk 20 Index. Today, we shine a spotlight on the recent movements within this index, with special attention paid to the standout performer, Uniswap…
In a world rife with geopolitical tensions and economic uncertainties, Bitcoin has emerged as a beacon of stability. Despite the Federal Reserve’s decision to maintain interest rates and escalating conflicts in the Middle East, Bitcoin has managed to hold steady around the $105,000 mark. The cryptocurrency’s ability to shrug off external factors that typically impact…
SOL Strategies, a Toronto-based digital asset company with a strong focus on Solana, recently made headlines with its ambitious plan to list on the prestigious Nasdaq stock exchange. The decision to file with the U.S. Securities and Exchange Commission (SEC) signifies the company’s strategic move to tap into the vast opportunities presented by the world’s…
In a move that highlights the expanding landscape of decentralized finance (DeFi) within the Bitcoin community, Kraken, a prominent crypto exchange, has introduced a groundbreaking feature allowing users to stake their Bitcoin (BTC) through a strategic collaboration with Babylon. This integration signifies an evolution in how Bitcoin, traditionally viewed as a store of value and…
In a digital landscape where advancements in technology are ever-evolving, the security of cryptocurrencies like Bitcoin is facing a new frontier – the threat posed by quantum computing. Project Eleven, a pioneering initiative, has successfully raised $6 million to defend Bitcoin against the potential risks that quantum computing could bring to the network’s cryptographic foundations….
In a recent development within the cryptocurrency world, Tron Inc. has made headlines with a significant deal that has put Justin Sun’s father, Weike Sun, in control of a public firm through a $100 million token transaction. This strategic move has not only brought about a change in board leadership but has also seen the…
In a groundbreaking move, JPMorgan, a leading U.S. banking giant, has embarked on a pioneering journey into the world of digital assets by introducing a permissioned USD deposit token named JPMD on Coinbase’s Base blockchain platform. This innovation marks a significant milestone for JPMorgan, as it delves into the realm of blockchain technology to enhance…
Stablecoins, such as Tether’s USDT, have become integral to the cryptocurrency market, offering stability by pegging their value to traditional assets like the U.S. dollar. However, recent regulatory scrutiny in the United States poses a significant challenge to the dominance of stablecoins like Tether. With the introduction of the GENIUS Act, the U.S. government is…
