A Record $11B Crypto Options Expiry Looms as BTC Shows Little Volatility

A Record $11B Crypto Options Expiry Looms as BTC Shows Little Volatility

Bitcoin (BTC) remains well supported, holding above $40,000 as the clock ticks down to 2023’s last quarterly options expiry. As the clock ticks down to the last quarterly options expiry of 2023, bitcoin (BTC) remains well supported, holding above $40,000. With $7.7 billion worth of options expiring on Friday at 08:00 UTC, the crypto exchange … Read more

First Mover Americas: MicroStrategy Buys More BTC and ARK Invest Buys BITO

First Mover Americas: MicroStrategy Buys More BTC and ARK Invest Buys BITO

MicroStrategy (MSTR) announced on Wednesday that it had purchased an additional 14,620 bitcoin (BTC) for a total of $615.7 million. The company’s executive chairman, Michael Saylor, took to Twitter to announce the news, stating that the purchase was made at an average price of $42,110 per BTC. This recent purchase brings the company’s total holdings … Read more

Nigeria Lifting Ban on Bank Accounts for Crypto Firms Could Lead to Usage ‘Surge’

Nigeria Lifting Ban on Bank Accounts for Crypto Firms Could Lead to Usage 'Surge'

The Central Bank of Nigeria has reversed its prohibition on local banks and financial institutions serving crypto firms in a move that is likely to spur the use of cryptocurrencies in one of the world’s fastest adopters of digital assets. The decision, announced last week, rescinds a 2021 directive against institutions facilitating cryptocurrency transactions. At … Read more

Former Binance CEO Changpeng Zhao’s Wealth Surged by $25 Billion Despite Legal Troubles in 2023

Former Binance CEO Changpeng Zhao’s Wealth Surged by $25 Billion

The former Binance CEO’s current net worth is estimated at $2.5 billion, up from $2.3 billion in February. Even though Changpeng Zhao is facing up to five years in prison for his role in a securities fraud scheme, this has not stopped his meteoric rise to billionaire status. Bloomberg’s Billionaires Index reports that Changpeng Zhao’s … Read more

Tether mints $1B USDT for ‘inventory replenish’ – CEO Paolo Ardoino

Tether mints $1B USDT for ‘inventory replenish’

On December 25th, Tether, the company behind the world’s largest stablecoin, USDT, took a significant step to bolster its reserves. CEO Paolo Ardoino confirmed that Tether Treasury has minted an additional one billion USDT, a move described as ‘inventory replenish’ on the Ethereum blockchain. The news of the minting comes as a relief to the … Read more

Fake Crypto Websites on Google Ads Drain $3 Million in Christmas Phishing Scam

Fake Crypto Websites on Google Ads Drain $3 Million in Christmas Phishing Scam

Google has now removed over 800 of these fraudulent ads from its platform, but warns that more could be out there. A new report has revealed that scammers stole over $3 million in cryptocurrency from victims this holiday season using fake crypto websites promoted through Google Ads. The scammers created fraudulent versions of popular crypto … Read more