Crypto News
Massive Buy: Strategy Adds $584M in Bitcoin, Holdings Soar to 506,137 BTC
Strategy unleashed a $584 million bitcoin buy, amassing 506,137 BTC as Saylor eyes a $13 million price target and envisions bitcoin erasing the national debt. Strategy Now Hodls 506,137 BTC After Massive $584M Bitcoin Buy—Are Bears Done? Software intelligence firm Microstrategy (Nasdaq: MSTR), which recently rebranded as Strategy, announced on March 24 that it hadSource link
PwC Italy, SKChain Advisors to Build Blockchain-Based EU Digital Identity Product
The Italian division of PricewaterhouseCoopers (PwC) said is building a European Union (EU) digital identity product alongside blockchain consultancy firm SKChain Advisors.The product under development will enable European companies and their customers to securely access digital platforms including those in the world of Web3, according to an emailed announcement on Monday.Developed on World Mobile Chain, a layer-3 network built on Coinbase's Ethereum layer-2 Base, the product will use self-sovereign identity (SSI) technology. SSI is a decentralized form of identity that gives users full control of their data rather than handing it to third parties.Blockchain technology underpins SSI in that it allows for users' data to be distributed and stored securely, removing the need for centralized identity providers. The basis for...
Solana Meme Coin Trenches Heat Up as Morning Routine Token Touches $19 Million
A viral morning routine video caused a meme coin to soar to a market cap of $19 million, prompting degens to say meme coins are back.Source link
Coinbase CLO Critiques U.S. Treasury’s Claim That Court Ruling on Tornado Cash Is Moot
Paul Grewal, chief legal officer at crypto exchange Coinbase (COIN), criticized the U.S. Treasury's recent filing that seeks to moot the necessity of a final court judgment regarding Tornado Cash after having delisted the crypto mixer from the sanctions list.On Friday, the Treasury Department's sanctions watchdog removed Tornado Cash from its global blacklist while also removing over 100 ether (ETH) addresses from the Specially Designated Nationals list. The platform was backlisted in 2022 for its alleged role in laundering $445 million stolen by the North Korea-linked Lazarus cybercrime group.The Treasury then argued that the action of delisting Tornado Cash resolved the issue at hand and that a final court ruling ordering it to remove the crypto mixer from its sanctions...
Bitcoin Has Been Trading Like a Tech Stock: Standard Chartered
Traders who swapped Bitcoin for Tesla in "Magnificent 7" portfolios in 2017 would be up 5% now, argues analyst Geoff Kendrick.Source link