Babylon Labs, a major player in Bitcoin staking with over $2 billion in Total Value Locked (TVL), has partnered with SatLayer. This collaboration aims to improve Bitcoin's staking and restaking capabilities, enhancing liquidity, security, and capital efficiency for Bitcoin holders across various blockchain applications. SatLayer will become the primary restaking ...
Riot Platforms, a leading player in Bitcoin infrastructure, has acquired 705 Bitcoins for about $68.45 million in a transaction completed earlier today, according to data from Arkham Intelligence. The transaction involved $68.26 million worth of Bitcoin, distributed across six wallets. This amount originated from five unidentified sources, with a smaller ...
Japanese consulting firm Remixpoint has increased its crypto holdings to $27.59 million following a $1.38 million Bitcoin purchase, according to Yahoo Japan. The company, which operates in the energy and automotive sectors, reportedly acquired an additional 13.24 BTC on December 5 and 6, spending ¥213.9 million (approximately $1.38 million). This ...
Ken Sim, the mayor of Vancouver, has proposed that the city explore integrating Bitcoin into its financial systems as a potential strategy to combat inflation and safeguard its purchasing power. On December 11, Mayor Sim introduced a motion titled “Preserving the City’s Purchasing Power Through Diversification of Financial Reserves – ...
Russia has joined the growing list of nations considering Bitcoin as a strategic reserve asset. Anton Tkachev, a member of the Russian State Legislative Chamber, Duma, from the New People party, has formally proposed that the finance ministry incorporate Bitcoin into the country's treasury reserves. Local media outlet RIA Novosti ...
Former Binance CEO Changpeng "CZ" Zhao has suggested Amazon should start accepting Bitcoin as a payment option. His comments come after reports that the shareholders of the tech company urged its board to consider incorporating Bitcoin into its strategic reserves. Zhao responded to an X post highlighting shareholder requests for ...
Bitcoin miner HIVE Digital has reported a significant 67% increase in its Bitcoin holdings following a boost in its production capacity in November 2024. In its monthly production update, HIVE revealed that it had mined 103 BTC during the month, bringing its total Bitcoin holdings to 2,713 BTC. The company ...
WSPN, a leading global digital payments provider, has teamed up with Fractal, a scaling solution on the Bitcoin blockchain, to expand the utility of its fully-backed stablecoin, WUSD. WUSD, backed 1:1 by US dollars and collateralized by high-quality liquid assets, will now operate seamlessly within Fractal’s Bitcoin ecosystem. According to ...
Bitcoin reached a monumental milestone on December 5, surpassing $100,000 for the first time and peaking at over $103,000. This record-breaking achievement has cemented its status as the top cryptocurrency. By Sunday, Bitcoin slightly retraced, trading around $99,554. However, concerns emerged as the now-defunct exchange Mt. Gox moved 24,000 BTC, ...
Former U.S. Treasury Secretary Lawrence Summers has criticized President-elect Donald Trump’s proposal to establish a national Bitcoin reserve, describing it as “crazy” and a tactic to appease crypto-friendly campaign donors. Speaking to Bloomberg TV on December 6, Summers argued that such a move lacks economic rationale and serves no public ...
