According to the latest figures, Metaplanet, a company listed on the Japanese stock exchange, witnessed its share price soar by nearly 90% in just one day. This significant jump came on the heels of the company’s announcement regarding its intention to incorporate 1 billion yen in bitcoin into its balance sheet. Metaplanet Joins Forces With…
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According to onchain metrics, Ark Invest’s holdings in its spot bitcoin exchange-traded fund (ETF) include several inscriptions, among them an Ordinal inscription from the “Bitcoin Puppet” digital collectible series, valued at $27,900. Similarly, Blackrock’s IBIT possesses an Ordinal inscription from the “Speculum Aeternum” non-fungible token (NFT) collection. Spot Bitcoin ETFs Are Holding Unique NFT Inscriptions…
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South Korean youth debt is on the rise, with crypto investments leading many desperate young people to bankruptcy courts, new data shows. Per Hankyoreh, on April 5, the Seoul Rehabilitation Court released a report on debt-related cases for the Financial Year 2023. The report’s authors noted that there had been a 31% rise in “personal…
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The Russian government’s crypto working group chairman believes Bitcoin (BTC) mining regulation is now a priority for Moscow. After years of infighting and neglect, Russian government bodies, ministries, and the Central Bank finally appear close to regulating the crypto sector. Per the Russian-language media outlet Happy Coin News, the working group’s chair, lawmaker Andreу Lugovoy…
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Mergers and acquisitions (M&A) financing activities in the cryptocurrency sector through the first quarter of 2024 are up 22% compared to the previous quarter, according to a research note from Architect Partners. In an announcement, the firm said, the uptick in M&A activity is good news, but still below the pace of the peak year 2022.…
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Anthony Scaramucci, the founder and managing partner of hedge fund SkyBridge, remains bullish on Bitcoin saying the cryptocurrency has room to run in an interview with CNBC. Scaramucci predicts Bitcoin price will reach $170,000 by the end of this cycle, citing factors like adoption adding spot Bitcoin exchange-traded funds playing a big role in Bitcoin’s…
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Salaries for blockchain engineers went down in 2023 due to tough times in the industry, like layoffs and companies not hiring as much. A recent NodeFlair report found that countries prioritizing startups and big tech experienced larger drops in blockchain engineer salaries. This highlights the impact of the overall economic and business climate on compensation…
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Russian fintech firms have begun joining the country’s digital ruble pilot, as the Central Bank looks to widen the scope of its CBDC project. Per the Russian media outlet Cnews, SimbirSoft and Sinara Lab will help the Central Bank and its banking partners “implement the digital ruble software products in online and mobile banking applications.”…
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South Korean tax officials in the city of Pohang are set to seize crypto from 5,208 residents who failed to pay local taxes. The move is part of a national crackdown. The drive saw tax officials seize almost $29 million in coins and fiat in 2023. Per Kyungbuk Shinmun and Daegu Shinmun, the individuals have…
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The Bank for International Settlements, the central banks’ bank, announced the launch of Project Agorá, a joint private-public initiative seeking to examine the potential benefits of tokenization for improving cross-border settlements. Agorá includes the participation of seven central banks and private institutions to be convened by the Institute of International Finance (IIF). BIS to Explore…
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