Category: crypto

Jetking Infotrain, India’s first publicly traded company to adopt Bitcoin as a reserve asset, purchased 12 BTC worth $1.2 million. CEO Avinash Bharwani plans to mix equities and BTC to boost company value. Prominent lawyer Suril Desai is leading discussions with regulators. Tax reporting for Bitcoin gains in India is still being worked on.

: Bitmain, a Bitcoin mining hardware giant, announced the launch of a new US-based production line to address delays caused by customs holds and trade tensions. The move aims to provide faster service to North American customers and reduce reliance on Chinese manufacturers. The first batch of US-made Antminer S21 Pro units is set to…

Jupiter’s governance has approved a proposal for an $860 million JUP token airdrop called Jupuary to incentivize community participation. Founder Meow emphasized collective decision-making and excluding bots. The airdrop aims to benefit long-term participants and strengthen the Jupiverse. Plans include token utility initiatives like a supply burn and platform strategy. Jupiter is Solana’s second-largest decentralized…

Brad Garlinghouse, CEO of Ripple, criticized CBS News’ 60 Minutes for omitting key details in his interview about Ripple’s legal battles and the crypto landscape. He highlighted a federal judge ruling that XRP is not a security and emphasized Ripple’s compliance with regulations. Garlinghouse also discussed crypto’s influence in US politics, noting Fairshake’s support for…

El Salvador is finalizing a $1.3 billion IMF loan agreement, adjusting its treatment of Bitcoin. The deal may remove the requirement for businesses to accept Bitcoin, making adoption voluntary. The IMF mission in San Salvador aims to secure international financing and unlock lending from the World Bank and Inter-American Development Bank. President Bukele plans to…

Despite announcing a strategic Bitcoin purchase plan, Riot Platforms’ shares fell nearly 10%. The company plans to raise $500 million through a convertible senior notes offering to fund Bitcoin acquisitions. This financing strategy aligns with moves made by other mining rivals like Marathon Digital, reflecting a broader decline in crypto-related equities.

Last week, crypto investment products saw a record $3.85 billion in weekly inflows, bringing year-to-date totals to $41 billion and assets under management to $165 billion. Bitcoin led the way with $2.5 billion in inflows, while Ethereum attracted $1.2 billion and XRP saw $134 million. Market optimism is high.

Charles Hoskinson, founder of Cardano, called for verified tweets on social media platform X after the Cardano Foundation’s account was hacked to spread false information. He suggested using public-key cryptography for identity verification and biometric authentication before publishing content. Hoskinson previously proposed this idea to former X CEO Jack Dorsey.

Coinbase addressed concerns about account restrictions due to a rise in fraudulent activities after the US presidential election. Despite reassurances, users criticized the platform for restricted accounts and prolonged support wait times. Former Solana Foundation executive, Austin Federa, shared personal experiences of unjustified restrictions, leading to community backlash against Coinbase.

A group of Amazon shareholders is urging the company to allocate at least 5% of its assets to Bitcoin as a financial hedge and value driver. They argue that Bitcoin can protect Amazon’s assets from inflation and outperform traditional investments. Industry leaders also suggest Amazon accept Bitcoin payments to build a reserve.