The ChatGPT maker is considering turning its for-profit arm into a Delaware Public Benefit Corporation amid ongoing criticism of its legal structure. Source link
Day: December 27, 2024
Is quantum computing a threat to your crypto portfolio?
In a recent Cointelegraph video, we assessed the risk posed by quantum computing to cryptocurrency, potential solutions, and what investors should do to protect their portfolios. Source link
Montenegro justice minister approves Do Kwon’s extradition to US
Do Kwon was apprehended by law enforcement in Montenegro in June 2023 after attempting to flee the country with a false passport. Source link
Do Kwon to be extradited to US, Montenegro’s justice minister confirms
Key Takeaways Montenegro approved the extradition of Do Kwon to the US. Kwon faces charges over Terra ecosystem’s collapse costing $40 billion. Share this article Montenegro’s justice minister Bojan Bozovic has approved the extradition of Terraform Labs co-founder Do Kwon to the United States, following a Supreme Court ruling and legal evaluation. “The Ministry of Justice examined all the facts and circumstances, including the severity of the crimes, the jurisdiction of the offenses, and the extradition requests. Most criteria favored the US request,” the Ministry stated. While the US request…
Michael Saylor Doesn’t Understand Bitcoin
Follow Frank on X. On a recent episode of the Galaxy Brains podcast, Michael Saylor made the case that bitcoin isn’t a currency and that it’s best to think of it as capital and capital only. He also shared that Tether (USDT) and Circle’s USD Coin (USDC) are the real digital currencies and unveiled his “evil genius strategy” (his own words) to get the world to adopt the U.S. dollar stablecoins as opposed to bitcoin. In this Take, I’ll cite some of Saylor’s own words from the podcast before breaking down…
Bitget unveils $5B BGB token burn as price jumps 100% in a week
Key Takeaways Bitget announced a $5 billion BGB token burn, removing 800 million tokens from circulation. BGB has surged 100% in the past week, backed by a growing user base and increased trading volume. Share this article Bitget, one of the fastest-growing crypto exchanges, announced today a $5 billion burn of its native token, Bitget Token (BGB). The proposal discussed in Bitget’s new white paper outlines the burn of 800 million BGB tokens, representing 40% of its total supply. At press time, the value of the burned tokens has risen…
MEGA ‘25: How Donald Trump can Make Ethereum Great Again in 2025
“It’s going to be a blitzkrieg”: Experts say a crypto-friendly Trump administration will rapidly breathe fresh life into the Ethereum ecosystem. Source link
Stablecoin adoption, ETFs to propel crypto performance in 2025: Citi
Inflows into crypto exchange-traded funds are a key driver of price performance, the asset manager said. Source link
Bitwise files ETF for firms holding over 1,000 BTC
Key Takeaways Bitwise’s ETF will include firms with over 1,000 BTC, weighted by Bitcoin treasury size rather than market capitalization. The ETF proposal highlights growing corporate adoption of Bitcoin amid its strong price performance this year. Share this article Bitwise Asset Management filed with the SEC to launch the Bitcoin Standard Corporations ETF, targeting public companies holding at least 1,000 Bitcoin in their corporate treasuries. According to the filing, the fund will focus on equity securities of firms meeting specific criteria, including a minimum market capitalization of $100 million, daily…
Top 5 Bitcoin critics unfazed by $100K BTC milestone
Even with Bitcoin surging past $100,000 for the first time, some critics have remained skeptical about the cryptocurrency’s future. Source link