Microstrategy buys fresh 15,350 BTC for $1.5 billion at $100,286 per BTC

Microstrategy the largest corporate holder of Bitcoin acquired an additional 15,350 BTC for $1.5 billion. The acquisition was made at a unit price of $100,286 taking Microstrategy’s total haul to 439,000 BTC. The development was announced by the chairman of the Business Intelligence firm Michael Saylor via his X page revealing details of the transaction…

December 16, 20240Comments

ByMichael Ndu-okeke

News

Justin Sun Withdraws $209 Million in Ethereum: What’s Next for ETH Markets?

JustinSun’s Ethereum withdrawals spark market concerns, but Ethereum’s 2024 growth and bullish technical indicators suggest optimism.

December 16, 20240Comments

ByPeter Macharia

CryptoNews article header showing golden Bitcoin coin standing upright, headline reading "Bitcoin Hit a New All-time High of $106k Amid Rumours of Reserve Asset Status Under Trump."

Bitcoin News

Bitcoin hit a new all-time high of $106k amid rumours of reserve asset status under Trump

Bitcoin, the flagship cryptocurrency, hit a new all-time high of $106,352 amid rumours that President-elect Donald Trump would set up a strategic Bitcoin reserve from Day one in office. The crypto asset which has surged by 15.2% in the last seven days hit a peak at $106,352 before cooling off to $104,853 at the time…

December 16, 20240Comments

ByMichael Ndu-okeke

Bitcoin

Treasuries on the Bitcoin standard are up by 143% on a Year-to-date scale

Treasuries on Bitcoin Standard are up 143% on a year-to-date scale attracting positive comments from the crypto community on the viability of Bitcoin as an asset class. The development was revealed by Microstrategy Chairman Michael Saylor via an X post sharing a trading view chart as proof of his assertions. “Treasuries on the #Bitcoin Standard…

December 16, 20240Comments

ByMichael Ndu-okeke

CryptoNews article header showing a physical Ethereum coin among other crypto coins, headline reading "Ethereum Crosses The $4k Mark For The Second Time in Three Months."

Ethereum News

Ethereum crosses the $4k mark for the second time in three months

Ethereum, the second largest crypto asset by market capitalization crossed the $4000 price threshold for the second time in over three months today. The crypto asset hit $4,012 in the early hours of Monday as it closes in on its three-year all-time high of $4,878. This is the second time Ethereum has crossed this price…

December 16, 20240Comments

ByMichael Ndu-okeke

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Ethereum

Ethereum’s Value Debate: Can Rollups and Layer-1 Integration Secure Its Future?

As Ethereum continues evolving into a rollup-centric ecosystem, its position as the leading smart contract platform faces increasing scrutiny. While major upgrades like Dencun have improved scalability and efficiency, concerns about long-term value capture persist, especially with rising competition from alternative Layer-1 (alt-L1) blockchains like Solana and Sui. This shift has sparked critical discussions about…

December 14, 20240Comments

ByGabriel Okokhuele Eromonsele

CryptoNews article header showing Bitcoin coin next to "ETF" letter blocks on green background, headline reading "Grayscale's GBTC Drains Bitcoin ETFs with $105 Million Outflow."

Bitcoin News

Grayscale’s GBTC drains Bitcoin ETFs with $105 million outflow

Grayscale’s GBTC Yesterday, recorded an outflow of $105 million, the only highlight of an underwhelming day of trading for Bitcoin ETFs. On Dec 12, a day before yesterday, Bitcoin ETFs were pumping pulling in a staggering $597 million. This was the highest inflow recorded for the second week of December. Things were really quiet yesterday…

December 14, 20240Comments

ByMichael Ndu-okeke

News

Metis Announces DSEQ Reboot to Incentivize Builders and Users Through Performance-Based Rewards

Metis, a layer-2 Ethereum scaling solution, has announced the relaunch of its Decentralized Sequencers (DSEQ) initiative, aimed at strengthening its decentralized infrastructure and incentivizing meaningful contributions within its ecosystem. Notedly, the DSEQ Reboot introduces a performance-based rewards program that benefits builders, users, and projects by encouraging sustainable growth, community engagement, and collaboration. https://twitter.com/MetisL2/status/1867572264922644629 Key Details of…

December 14, 20240Comments

ByDaniel Nwokolo

News

VanEck Predicts Bitcoin, Ethereum, and Solana to Hit New ATHs by 2025

#VanEck predicts #Bitcoin, #Ethereum, and #Solana will hit new ATHs by 2025, driven by U.S. adoption, #blockchain innovations, and institutional interest.

December 14, 20240Comments

ByPeter Macharia

News

SEC’s Threat Against Elon Musk Sparks Legal Inequality Concerns

The #SEC threatens legal action against #ElonMusk, sparking concerns about regulatory overreach and its impact on small businesses.

December 14, 20240Comments

ByPeter Macharia