Crypto firms contributed 48% of all corporate political donations in 2024: Report
Splits in the US House and Senate coupled with many expected tight elections could allow crypto interest groups to potentially “tip control of Congress one way or the other.”
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Nasdaq-listed mining firm Stronghold Digital Mining for sale?
Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business.
Terraform Labs appoints new CEO from existing team: Report
Chris Amani, a Terra employee since 2021, has reportedly been serving as the company’s CEO for months. 140 Total views 1 Total shares As the co-founder of Terraform Labs, Do Kwon, is facing possible extradition to South Korea or the United States from a jail cell in Montenegro, the company has appointed a new CEO.…
MicroStrategy’s Bitcoin stash is back in profit with BTC price above $30K
MicroStrategy's Bitcoin (BTC) holdings have turned profitable for the first time since July this year as the BTC price has broken through above $30,000.MicroStrategy up $132M in paper profitsAs of Oct. 23, MicroStrategy held 158,245 BTC worth $4.847 billion, up about $132 million from the original amount invested — at an average rate of 29,870 per BTC.
World’s largest banks lost 3x Bitcoin’s market cap during the pandemic
Prior to COVID-19, six leading banks had a market cap above Bitcoin's. How many still do? Since the outbreak of COVID-19, the world’s 14 largest banks have lost $635.33 billion in market capitalization. This is more than three times the current market capitalization of Bitcoin (BTC) and almost double the capitalization of all cryptocurrencies. Market…
Pakistan Plans New Digital Currency Regulations Following FAFTA’s Urging
Pakistan is implementing new cryptocurrency regulations in an effort to improve its track record fighting financial crime, English-language Pakistani news outlet The Express Tribune reported on April 1.Pakistan, which is seeking to reduce perceived levels of crime such as money laundering and terrorist financing, will now introduce a licensing scheme for electronic money institutions. According…
Largest NFT mint ever: Making sense of Yuga Lab’s ‘virtual’ land bonanza
Last week, 55,000 parcels of “virtual land” were sold on the Ethereum blockchain for more than $300 million, the largest nonfungible token (NFT) mint ever. It wasn’t without controversy. In return for shelling out close to $6,000, a purchaser received an Otherdeed NFT, which authenticates that buyer’s ownership of a patch of digital real estate in…
IRS to transition from ‘education to enforcement,’ says former division chief
A former top investigator is warning that the IRS might be shifting crypto tax payment enforcement into high gear 3268 Total views 21 Total shares A former top investigator is warning that “a high-stakes game of chicken” between the Internal Revenue Service (IRS) and cryptocurrency holders who fail to properly report their earnings will be…
Coca‑Cola pours $1.1B into generative AI experiment with Microsoft
Microsoft intends to use services like Azure OpenAI Service and Copilot for Microsoft 365 to help drive AI innovation for the Coca‑Cola Company and its network of independent bottlers worldwide.