SOS Ltd., a company involved in blockchain operations and cryptocurrency, has announced plans to allocate $50 million toward the purchase of bitcoin (BTC). SOS Invests $50 Million in Bitcoin According to the announcement, the initiative aims to bolster the company’s blockchain strategy while leveraging the growing prominence of bitcoin as a digital asset. The decision […] Original
Justin Sun deepens his involvement with World Liberty Financial by joining its advisory board after a strategic $30 million investment. World Financial Liberty Gets New Advisor Justin Sun, the founder of the Tron blockchain and a prominent figure in the cryptocurrency industry, has officially joined World Liberty Financial (WLFI) as an advisor. This was announced […] Source CryptoX Portal
Este artículo también está disponible en español. Bitcoin (BTC) corporate adoption continues to gain momentum as video-sharing and cloud services platform Rumble recently unveiled a BTC treasury strategy. This move aligns with a growing trend of corporations worldwide embracing Bitcoin as a strategic asset. Rumble Announces Bitcoin Treasury Strategy, Stock Rises The YouTube competitor is the latest company to join the Bitcoin bandwagon, as its Board of Directors approved a corporate treasury diversification strategy that allocates a portion of its excess cash reserves to BTC. Related Reading As part of…
The largest decentralized exchange (dex) platform by volume, Uniswap, has unveiled a $15.5 million bug bounty program. Reportedly, it is the largest bug bounty in decentralized finance (defi) history, aimed at ensuring the security of its upcoming version four (v4) protocol. The announcement follows the Ethereum Foundation’s Attackathon, highlighting a growing focus on blockchain security. […] Source CryptoX Portal
In the last few days, there have been big changes in crypto land. In just 24 hours, more than $550 million was liquidated. When Bitcoin fell to its weekly low, it caused a flood of sell-offs that caused about 170,000 traders to lose money on their accounts. Related Reading Coinglass reports such tremendous losses to be placed at $118 million in BTC longs, $54 million in ETH longs, and even $25 million in Dogecoin long positions. This surge in liquidations, in conjunction with a decrease in market capitalization and trading…
Traders have witnessed a massive half-billion dollar amount of crypto liquidations in a day after Bitcoin dropped to its lowest price in the past week. According to Coinglass’s data on Nov. 25, crypto traders have seen massive liquidation of about $553 million in the past day of trading. Traders with long positions have liquidated $413 million as Bitcoin price dropped to $92k, decreasing almost 5% in a day. 1 Day BTC price chart, September 10 – November 26, 2024 | Source: crypto.news The long positions in the last 12 hours and 4…
Donald Trump, President-elect of the United States, revealed holds $7.2 million in many cryptocurrencies. This is another proof that he is a pro-crypto. According to data from Arkham Intelligence, on Nov. 25, the 47th President of the United States owned digital assets in cryptocurrencies worth about $7.2 million. He held $26 million in cryptocurrency on Jun. 6, but dropped just a few days after to $17 million. His most significant hold on crypto is meme coin Trog (TROG), with 210 billion coins equal to $1.86 million. At the time of…
Este artículo también está disponible en español. Traders have had a torrid start to the week, as over $500 million has been liquidated from the crypto market in the last 24 hours. This has been due to the Bitcoin price, which has continued to fluctuate heavily in recent times. $500 Million Liquidated As Bitcoin Price Fluctuates Coinglass data shows that over $500 million was liquidated from the crypto market in the last 24 hours as the Bitcoin price fluctuates. Long traders suffered the most loss, with over $366 million in…
Este artículo también está disponible en español. Bitcoin has surged past the $99,800 mark, setting a new all-time high as it inches closer to the psychological $100,000 barrier. While the milestone signals remarkable strength, the price has yet to claim this key level, leaving investors in suspense. Market demand remains robust, fueling optimism that Bitcoin will soon break above the $100,000 threshold. Related Reading Key data from CryptoQuant reveals that Bitcoin’s Realized Profit has reached an all-time high of $443 million in daily gains. This highlights significant buying pressure in…
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…