Pudgy Penguins’ parent company launches Abstract blockchain
Igloo Inc., the company behind Pudgy Penguins, has officially launched Abstract Chain. Abstract is an Ethereum (ETH) layer-2 blockchain built to simplify access to Web3 applications. The platform uses ZKsync’s ZK Stack technology, enabling faster transactions and lower fees while maintaining scalability and security, according to a release shared with crypto.news. Through its flagship platform, […]
Bitcoin could hit $700k, company buys $600m Bitcoin
BlackRock CEO Larry Fink has suggested that Bitcoin’s price could surge to $700,000 if sovereign wealth funds allocate 2% to 5% of their portfolios to the cryptocurrency. Speaking at the World Economic Forum in Davos, Fink highlighted Bitcoin (BTC) as a tool to address concerns about currency debasement and political instability. “If you’re frightened about […]
Huione, company behind largest illicit online marketplace, launches stablecoin: report
Huione Group, a Cambodian conglomerate linked to the largest illicit online marketplace, has launched its own stablecoin, USDH. The news comes via an Elliptic report and comes despite ongoing scrutiny of its subsidiary, Huione Guarantee, a Telegram-based platform serving cybercriminals in Southeast Asia Elliptic’s research revealed that Huione Guarantee has facilitated at least $24 billion […]
Mining company MARA lent out 7,377 BTC to third parties in 2024
According to MARA, the mining company’s Bitcoin holdings are now valued at $4.2 billion, assuming a price of $93,354 per BTC. Source link
Blockchain company Spirit announces Dogecoin yield generation strategy
Spirit Blockchain Capital, a blockchain-focused investment firm publicly traded on the Canadian Securities Exchange, has announced a yield generation strategy targeting its Dogecoin holdings. The announcement follows Spirit’s recent acquisition of Dogecoin Portfolio Holdings Corp., a blockchain startup focused on Dogecoin (DOGE) and related assets. Dogecoin Portfolio Holdings operates independently of the meme coin’s core […]
Public energy tech company KULR purchases 217 BTC for $21m
KULR Technology has invested $21 million in Bitcoin as part of its strategy to allocate 90% of surplus cash to the cryptocurrency. KULR, a U.S.-based company which specializes in thermal management solutions mainly for electronic components and batteries, has acquired 217.18 Bitcoin (BTC) for nearly $21 million as part of the company’s Bitcoin Treasury strategy. […]
Crypto.com launches U.S. trust company
Crypto exchange Crypto.com has launched a U.S. trust company dubbed Crypto.com Custody Trust Company. The exchange, founded in 2016 and currently boasting regulatory approval and licenses in numerous countries and jurisdiction, revealed the key development in a press release on Dec. 23. According to details, Crypto.com unveiled the U.S. trust company after it secured a […]
