The Ethereum scaling blockchain set aside two-thirds of its 21 billion ZK token supply to give to its community, with select users the first to get a share.
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Metaplanet, a prominent Japanese corporation, has strategically augmented its Bitcoin holdings by acquiring an additional 23.351 units, valued at $1.6 million. The purchase, made at an average price of 10,706,180 yen per Bitcoin, represents a total investment of 250 million yen. This move is a continuation of the company’s forward-thinking financial policy, previously updated in late May 2024.
With this latest acquisition, Metaplanet’s Bitcoin portfolio now totals 141.0727 Bitcoins, carrying an average purchase price of 10,278,391 yen per unit, and an overall investment summing up to 1.45 billion yen. The company’s increasing commitment to cryptocurrency underscores a tactical approach to diversifying assets beyond traditional avenues.
Metaplanet’s adoption of Bitcoin as a reserve asset forms part of a broader strategy to mitigate the risks associated with Japan’s escalating debt and yen volatility. This innovative financial maneuver highlights the growing confidence in digital currencies as a stable investment in uncertain economic times.
World-renowned author and investor Robert Kiyosaki feels that Bitcoin BTC/USD is the simplest path to becoming a millionaire, emphasizing its potential over entrepreneurship.
What Happened: On Monday, Kiyosaki, author of the best-selling book “Rich Dad Poor Dad,” took to X to give another aggrandizing take on the world’s most popular digital asset.
He stated, “Bitcoin is the easiest way to become a millionaire. Making millions as an entrepreneur is hard. I know.” Kiyosaki highlighted the obvious obstacles to starting a business and the high levels of intelligence and hard work required, in addition to sheer luck, to make it succeed.
To the contrary, he remarked that Bitcoin…
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The firm’s third Bitcoin purchase since April 23 brings its total holdings to 141.07 Bitcoin, worth over $9.6 million.
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Blockchain Australia is now the Digital Economic Council of Australia (DECA) with a membership category for banks, most of which have blocked crypto exchanges.
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Australian Parliament Member Andrew Charlton said he believes blockchain technology could add $60 billion to the economy.
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Musk called it an “unacceptable security violation” and even said the Apple block could extend to visitors to his company’s headquarters.
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Billionaire Mark Cuban has highlighted cryptocurrency as a pivotal issue in the upcoming 2024 presidential race. Cuban asserts that President Biden’s allegiance to SEC Chairman Gary Gensler could alienate crypto voters, potentially costing him the White House. Despite former President Trump’s engagement with NFT fundraising, Cuban questions both candidates’ understanding of crypto.
The influence of cryptocurrency extends beyond voter preference, as illustrated by legislative efforts like the Financial Innovation and Technology for the 21st Century Act (FIT21). Despite its passage in the House, both Biden and Gensler have expressed concerns, fearing it may introduce regulatory loopholes and risk to investors and markets. Cuban criticizes Gensler for not adequately protecting investors and for stifling the operation of crypto firms.
Cuban’s comments underscore the significant impact that crypto voters may have in the election, signaling a shift towards prioritizing digital asset regulation and innovation in the political sphere.
When it comes to upgrading Bitcoin, no one fully knows how it works. Unlike other chains, the original cryptocurrency doesn’t have a clear process to upgrade.
Progress happens along a slow-moving social consensus, a delicate dance between researchers, coders, project maintainers, full node operators and miners.
Sometimes you can spot an inflection point, though.
Last week offered up solid evidence of the growing momentum for proponents of OP_CAT — or just CAT for short — now also known by the memey moniker BIP-420.
Read more: Satoshi-era Bitcoin code idea gets a boost from Taproot Wizards
Bitcoin’s creator, Satoshi Nakamoto, originally introduced OP_CAT. He then removed it…
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The commission approved 19b-4 filings from eight asset managers in May, but they won’t begin trading on U.S. exchanges until the SEC signs off on the S-1 registration statements.
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