Source: Cointelegraph MicroStrategy acquired 55,000 Bitcoin for $5.4 billion, boosting its holdings to 386,700 BTC amid bullish institutional sentiment. MicroStrategy, a publicly traded business intelligence and software firm, reported a substantial expansion of its Bitcoin holdings in a filing on Nov. 25. The company acquired about 55,000 Bitcoin (BTC) for $5.4 billion between Nov. 18… Continue reading MicroStrategy expands Bitcoin holdings with $5.4B purchase
Tag: business
Meta shows off Web3-to-reality bridge with ‘Hyperscape’ metaverse demo
Source: Cointelegraph The tech is still experimental, but its implications could change how users view reality. Meta recently showed off a new “Hyperscape” tech that takes the idea of stitching photographs together to form a 3D environment — such as YouTube’s 360 videos — and turns it into a real-time rendering system that could potentially… Continue reading Meta shows off Web3-to-reality bridge with ‘Hyperscape’ metaverse demo
PayPal and Venmo’s ENS integration likely to boost mainstream crypto adoption
Source: Cointelegraph The new integration may bring Web2 and Web3 users together, which could be the key to unlocking true mainstream crypto payment adoption. ENS Labs’ recent partnership with PayPal and Venmo could significantly boost crypto payment adoption and help the industry reach the first billion crypto holders. Ethereum Name Service (ENS), which offers Web3,… Continue reading PayPal and Venmo’s ENS integration likely to boost mainstream crypto adoption
Tether plans to launch dirham stablecoin with UAE partners
Source: Cointelegraph Tether teams up with the UAE’s Phoenix Group and Green Acorn Investments to launch a dirham-backed stablecoin, which aims to improve international trade and remittances. Tether, the largest stablecoin provider in the digital asset industry, has announced plans to launch a new stablecoin pegged to the United Arab Emirates dirham (AED). According to… Continue reading Tether plans to launch dirham stablecoin with UAE partners
Animoca, Standard Chartered team up in HKMA stablecoin sandbox
Source: Cointelegraph The Hong Kong Monetary Authority has selected three parties for assessment in its stablecoin issuers sandbox. A day after winding up the consultation period on stablecoin issuer regulations, the Hong Kong Monetary Authority (HKMA) announced the first participants in its stablecoin issuer sandbox. They are a company linked to a large Chinese e-commerce… Continue reading Animoca, Standard Chartered team up in HKMA stablecoin sandbox
Mastercard launches ‘next generation’ of blockchain payments startup program
Source: Cointelegraph The program has added five startups and will trial various payment technologies ranging from blockchain to Web3. Fintech giant Mastercard announced on May 15 that five new startups have joined its Start Path Blockchain and Digital Assets program. The Start Path Blockchain and Digital Assets program is a fintech accelerator program that focuses… Continue reading Mastercard launches ‘next generation’ of blockchain payments startup program
Blockchain Association and crypto activist group sue SEC over ‘Dealer Rule’
Source: Cointelegraph The Blockchain Association and a Texas-based crypto activist group are suing the SEC over its controversial “Dealer Rule” expansion, arguing it threatens the digital asset industry and innovation. The Blockchain Association (BA) and the Crypto Freedom Alliance of Texas (CFAT) revealed a new lawsuit against the United States Securities and Exchange Commission (SEC)… Continue reading Blockchain Association and crypto activist group sue SEC over ‘Dealer Rule’
