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Bitcoin Passes $106K As Coinbase Premium Drops – Metrics Reveal Unusual Activity
Bitcoin surged to a new all-time high today, reaching $106,533 and solidifying its position as the market leader in this ongoing bull run. The price action has been exceptionally bullish, offering only three quick chances for investors to buy small dips in recent weeks.
Riot Platforms completes convertible bond offering, raising $594M to buy 667 BTC
Riot Platforms announced today that it had completed its offering of the 0.75% convertible senior notes due 2030 to raise $594.4M. The Bitcoin miner used the additional proceeds from its coupon-convertible bond issue to acquire 667 BTC at $101,135 per token, bringing its total BTC holding to 17,429 BTC.Cryptopolitan
Mon, Dec 16
FTX names BitGo and Kraken as distribution partners for bankruptcy payouts
Bankrupt crypto exchange FTX has picked crypto custodian BitGo and once-rival exchange Kraken as distribution partners for its bankruptcy payouts. The failed exchange confirmed this in an announcement today while also updating its claims portal. According to the information on the claim portal, creditors can also receive their bankruptcy payouts in stablecoins. This will be […]Cryptopolitan
Mon, Dec 16
Messari report calls 2024 “climbing a wall of worry”
Messari calls 2024 the "climbing wall of worry" as investors grappled with inflation fears and recession risks. However, the year is ending with Bitcoin surpassing $100K. Another notable growth is seen with Solana which drove the meme coin market.Cryptopolitan
Mon, Dec 16
Martin Shkreli says that Michael Saylor’s Bitcoin playbook for MicroStrategy will ‘not end well’
‘Pharma Bro’ Martin Shkreli recently criticized MicroStrategy CEO and co-founder Michael Saylor for initiating his Bitcoin playbook for the asset management company. Pharma Bro mentioned on the Shkreli Planet podcast that Saylor was drunk on the idea. Shkreli added that the situation was a big bubble that would not end well for the company.Cryptopolitan
Mon, Dec 16
FCA issues warning against Solana-based memecoin Retardio
The UK’s Financial Conduct Authority (FCA) has raised concern over Retardio, a Solana-based meme coin. The FCA said that Retardio may be offering financial services in the U.K. without the required approval. The notice stated that the Financial Ombudsman Service will not protect investors who deal with the coin in case of a dispute. However, […]Cryptopolitan
Mon, Dec 16
Tesla’s decision to ditch Bitcoin might’ve been a great idea in 2021. But does it still hold up today?
In 2021, Tesla and its owner Elon Musk, the man who once called Bitcoin “a good idea on many levels,” turned their backs on it, citing environmental concerns. At the time, it seemed like the right move for a company preaching sustainability. But now, Bitcoin has crossed over $100,000, and Tesla is sitting on over […]Cryptopolitan
Mon, Dec 16
Bitcoin as a lifeline for Palestine and nations without a central bank
Bitcoin adoption in Palestine has become a lifeline, offering a secure, decentralized way to send and receive money despite financial restrictions. It helps Palestinians access essential resources like food and medicine, especially during conflicts. This adoption shows communities with financial freedom and stability when there were no Central Banks. Palestine is going through one of […]Cryptopolitan
Mon, Dec 16
It’s still a good time to invest in Bitcoin, says MicroStrategy’s Michael Saylor
Michael Saylor thinks Bitcoin is the new Manhattan. On Monday, the MicroStrategy chairman called the king crypto “cyber Manhattan” during an interview, doubling down on his belief that Bitcoin is the ultimate economic powerhouse. “We’ll just keep buying the top forever,” Saylor declared. “Every day is a good day to buy Bitcoin. I would have […]Cryptopolitan
Mon, Dec 16
SoftBank pledges $100 billion to advance AI and U.S. infrastructure
SoftBank Group, a prominent Japanese financial and technology giant, has recently revealed plans to invest $100bn in the U.S. within the next 4 years. This program, announced by CEO Masayoshi Son together with President-elect Donald Trump plans to bring 100,000 jobs with a focus on developing artificial intelligence and infrastructure. The announcement was made at […]Cryptopolitan
Mon, Dec 16
ISO 20022 Compliant Crypto Coins in 2024
The ISO 20022 crypto-list is a collection of compliant digital coins and tokens that satisfy the International Organization for Standardization (ISO) standards 20022. Many cryptocurrencies will be integrated into this new financial system as ISO 20022-compliant cryptocurrencies. There is much speculation that these cryptocurrencies will soar in price once the standard is implemented. Digital Token Identifiers (DTIs) are […]Cryptopolitan
Mon, Dec 16
America’s strong economy makes high interest rates likely for 2025, but not in Europe
America’s booming economy is making high interest rates a sure bet for 2025. Meanwhile, Europe is bracing for steep cuts as its economic struggles deepen. The Federal Reserve’s policy divergence from the European Central Bank (ECB) is widening the interest rate gap, and the fallout is hitting hard, especially in global markets. This growing divide […]Cryptopolitan
Mon, Dec 16
Former Friends star Lisa Kudrow criticizes Tom Hanks’ movie “Here” as an endorsement for AI
Former Friends actress Lisa Kudrow has ridiculed Tom Hanks’ recent movie, “Here,” which uses AI, describing it as an endorsement for AI due to its de-aging technology, which made Hanks look decades younger. This comes as the use of AI in the arts and entertainment industry has divided opinion with some stakeholders calling the technology […]Cryptopolitan
Mon, Dec 16
