Author: James Wilson
Video platform Rumble has acquired approximately 188 Bitcoin for $17.1 million, averaging $91,000 per coin. This purchase comes as part of its Bitcoin (BTC) treasury strategy. The company announced a plan to allocate up to $20 million to Bitcoin, emphasizing its desire to branch out into the cryptocurrency sector. CEO Chris Pavlovski spoke on Bitcoin’s role as a hedge against inflation and its alignment with Rumble’s broader crypto-focused strategy. “These holdings have the potential to serve as a valuable hedge against inflation and will not be subject to dilution like so many overprinted government-issued currencies,” Pavlovski said. Rumble, known for…
California State Senator Ben Allen is eyeing further pro-crypto representation with an endorsement of Dom Bei for election to the board of California’s public pension fund. Bei is the founder of Proof of Workforce, a Bitcoin (BTC) non-profit focused on promoting BTC adoption via educational initiatives targeting workers, unions and pension funds. He is in the race to join the California Public Employees’ Retirement System, CalPERS, as a board member. Notably, CalPERS is the largest public pension fund in the United States with over $500 billion and serves more than 2 million public retirement system members. CalPERS manages the retirement…
Binance has received a $2 billion investment from Abu Dhabi-based MGX, marking the first institutional investment in Binance’s history. The investment was conducted entirely in unnamed stablecoins, which grants MGX a minority stake in Binance and signals the firm’s entry into the cryptocurrency and blockchain sectors. MGX, known for its focus on AI and advanced technology, said the investment aligns with its strategy to support blockchain innovation and finance. “MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance,” said Ahmed Yahia, Managing Director and CEO of MGX. “As institutional adoption accelerates, the need for…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Whales shift to Rollblock’s presale, fueling a 610% surge in just ten presale rounds. According to Ali Martinez, the Dogecoin price could reach $2 if it holds the $0.16 level. While DOGE faces this critical test, whales have been shifting their focus toward Rollblock’s presale, investing hundreds of thousands of dollars as momentum builds. Rollblock’s token has surged over 610% in just ten presale rounds, reflecting strong investor confidence. Currently priced at $0.061, the token’s impressive growth has been…
Indian police have arrested Aleksej Besciokov, co-founder of Garantex, a Russian cryptocurrency exchange sanctioned by the U.S. and the European Union for facilitating money laundering. Besciokov, a Lithuanian national, was detained in Varkala, Kerala, under India’s extradition law, according to state police officials, TechCrunch and Brian Krebs reported. The arrest occurred at 4 p.m. local time on Tuesday following an arrest warrant issued by the Patiala House Court in New Delhi. Besciokov is expected to be transferred to the court on March 14. Indian authorities have not disclosed whether the arrest was directly linked to his indictment in the U.S.,…
Pi Coin recently hit a $12 billion market cap, but with vanishing tokens, migration failures, and Binance listing rumors swirling, is this the beginning of something big — or the start of a slow collapse? Pi Coin’s wild ride on the market Pi Network, the ambitious smartphone mining project that claims to have gathered an impressive 60 million users, has accomplished something many once thought improbable—a full-scale mainnet launch and the debut of a tradable token. When Pi Coin (PI) officially made its way to exchanges on Feb. 20, the market response was nothing short of a roller coaster. Initially…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rollblock surges 510% as XRP and Solana struggle to regain momentum amid ETF speculation. With retail momentum poised for a resurgence when the market recovers, Solana (SOL) and XRP are emerging as altcoins to watch. Speculation surrounding potential Solana and XRP ETFs could drive renewed institutional interest, setting the stage for a recovery from the recent market downturn. On the other hand, Rollblock (RBLK) is rapidly gaining traction in the blockchain gaming sector. The platform’s play-to-earn mechanics and expanding…
Tether has witnessed a significant surge in on-chain activity in recent weeks, which could signal potential buying pressure following the latest crypto dip. Market intelligence platform Santiment says on-chain data related to Tether (USDT) points in this direction. In particular, analysts at the on-chain and social metrics monitoring platform believe a spike in USDT volume indicates a shift in trader dynamics as they look to pounce on the available opportunity. In the market, major price drops often see traders retreat to top stablecoins, using the loaded-up buying power to flock into Bitcoin (BTC) and other top coins when the opportunity…
OKX says it’s set to expand its institutional offering in Europe after it secured the Markets in Financial Instruments Directive license. The crypto exchange’s Europe arm gets the license following the acquisition of a Malta-licensed firm that has the Markets in Financial Instruments Directive II license. The entity, per the announcement, will launch its operations later in the year after relevant nods from the Malta Financial Services Authority. While OKX did not disclose the acquired entity, it revealed the milestone for the MiFID II license at an exclusive event in Malta. Regulatory approval for the company’s newly acquired entity will…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Lightchain AI, dubbed the next XRP, is rapidly gaining traction and could challenge Solana and Cardano with its unique technology. An altcoin nicknamed the next XRP is gaining attention and is poised to challenge Solana (SOL) and Cardano (ADA). Lightchain AI, having already raised over $17.1 million at a presale price of $0.006, is quickly becoming a standout in the crypto space with its unique blend of AI and blockchain technology. What makes the ‘next XRP’ stand out Lightchain…