Business

PK Press Club – Institutional adoption of (BTC) continues to accelerate, with treasuries now collectively holding 3,000,000 worth of BTC valued at $317 billion. This represents 14% of the total supply that will one day exist, reveals self-proclaimed Bitcoin historian Pete Rizzo. MicroStrategy remains the largest holding company, having recently acquired an additional 11,000 BTC […]

Wingbits, a decentralized physical infrastructure (DePIN) startup focused on the aviation industry, has raised $5.6 million in funding. DePIN, the model for using hardware secured by a decentralized network, could be seen as a blockchain equivalent of the cloud computing services offered by Big Tech giants like Amazon and Google. The investment round, which brings

PK Press Club — Greenlight Capital’s David Einhorn recently discussed the current state of the cryptocurrency market, noting: “[w]We have reached the “Fartcoin” stage of the market cycle. » Fartcoin, a digital currency created in late 2021, has seen an incredible rise from nominal value to over $1 billion. The hedge fund manager points out

It’s been a tough year for the Ethereum Foundation, the nonprofit that helps support Ethereum, the best-known blockchain behind Bitcoin. As Ethereum loses market capitalization and market share to competitors, the foundation has been plagued by scandal. Vitalik Buterin, co-founder and leading figure of Ethereum, presented a new plan to right the ship. “We are

PK Press Club – PK Press Club presents the three main news stories of the past day. $124,788,255 stuns Binance, the world’s largest exchange A recent report from the Whale Alert The deposit was traced to an anonymous wallet, however, data shared by Bithomp suggests it could be an internal transfer within Binance. The crypto

KULR (KULR), a maker of advanced energy management systems, said it spent $8 million in bitcoin (BTC) to bring its total holding to 510 tokens. At a weighted average price of $101,695, this equates to almost 79 bitcoins and means the company’s total investment now stands at $50 million. The purchase follows the Houston, Texas-based

PK Press Club — Bitcoin () climbed as the Securities and Exchange Commission said Tuesday that its acting chairman, Mark Uyeda, was forming a cryptocurrency task force to clarify regulations for the sector. () was up 3% at 106,040 in recent trading. The SEC’s decision aims to “develop a comprehensive and clear regulatory framework for

CoinDesk Indices presents its daily market update, highlighting the performance of the leaders and laggards of the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3,890.01, down 0.4% (-15.92) since 4 p.m. ET Monday. Ten of the 20 assets are trading higher. Leaders: DOT (+1.9%) and POL (+1.5%). Lagging behind: ADA (-3.2%) and

George Town, Cayman Islands, January 20, 2025, PK Press Club Sonic Labs, the team behind the highest-performing EVM L1 blockchain Sonic, announced the launch of the Sonic DeFAI Hackathon, in partnership with DoraHacks, a global hackathon organizer, and Zerebro, an autonomous AI agent. With $250,000 in prize money, the hackathon invites participants to compete over

Crypto issuers surely seem to think anything is possible now that Donald Trump is in power. Exchange-traded fund issuer Rex Shares and crypto asset manager Osprey Funds filed numerous crypto-focused exchange-traded funds (ETFs) on Tuesday, including a Trump ETF, according to a Tuesday filing with the Securities and Exchange Commission (SEC). The ETF would track