The Stacks Asia DLT Foundation has partnered with EVG and Aspen Digital to accelerate the adoption of Stacks, the bitcoin layer two (L2) protocol, across Asia by tapping into high-growth markets, institutional networks, and localized outreach. New Alliance Aims to Ramp Up Bitcoin Adoption in Asia In a strategic move to deepen its reach across … Read more
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Key takeaways: Strategy’s stock rose 32% in April, its biggest monthly gain since November. Speculation is building that Strategy will announce a major capital raise during its Q1 earnings call on May 1 as it continues to grow its Bitcoin holdings. Analysts expect a 1% year-on-year revenue bump to $116.6 million, following the firm’s $120.7 … Read more
A massive Bitcoin theft involving over $330 million in BTC has been confirmed to be the result of a targeted social engineering scam targeting an elderly American, according to blockchain researcher ZachXBT. Social engineering theft is often the result of a phishing scam, where the perpetrator uses malicious emails or links to gain the information … Read more
OpenAI CEO Sam Altman’s crypto-tied digital identity project World, formerly Worldcoin, has made its US debut in six cities. The project, which aims to verify humans in the age of artificial intelligence, is initially coming to what it calls the “key innovation hubs” of Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco, according to … Read more
The US Department of the Treasury predicts that the stablecoin market could reach a market capitalization of $2 trillion by 2028. This marks a sevenfold increase from its current level of approximately $240 billion. Meanwhile, MEXC COO has stated that this milestone may be achieved sooner, possibly by next year. Why the Stablecoin Market is … Read more
Crypto losses spiked by 1,163% over April, with the lion’s share of lost crypto coming from a single heist of an elderly US individual’s wallet, says blockchain security firm CertiK. CertiK said in an April 30 X post that a total of $364 million was lost to exploits, hacks and scams in April, jumping from … Read more
The attempted acquisition was a strategic move by Ripple to expand its influence even more in the stablecoin market, especially after Circle’s recent US IPO filing. While Ripple has not confirmed the bid, it fits in with the company’s broader expansion push, which included its recent $1.2 billion acquisition of prime brokerage Hidden Road. Ripple … Read more
Ripple has reportedly made a strategic acquisition attempt targeting competitor Circle Internet Group, offering between $4 billion and $5 billion. However, insiders revealed the offer was dismissed for undervaluing Circle. Despite Ripple’s continued interest, a follow-up bid remains uncertain. Meanwhile, Circle is pushing ahead with plans for an initial public offering filed earlier this month. … Read more
The first decentralized finance (DeFi) company to launch a user-friendly suite of products on Bitcoin will “win the entire market” of the blockchain’s 300 million users, one crypto founder says. Alexei Zamyatin, the co-founder of the Bitcoin layer 2 Build on Bitcoin, told Cointelegraph at TOKEN2049 in Dubai that “the advantage of Bitcoin DeFi is … Read more