In the late 1990s, during one of Berkshire’s famous shareholder meetings, Charlie Munger emphasized the importance of reaching the first $100,000, calling it a crucial step in financial success. This advice still holds true today, especially in the world of Bitcoin. As of 2024, there are more than 450,000 Bitcoin addresses holding BTC worth $100,000
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The recent conclusion to the settlements phase of the trial involving Ripple and the SEC resulted in a much smaller fine than anticipated by the SEC. U.S. District Court Judge Analisa Torres decided on a sum slightly over $125 million, compared to the requested $2 billion fine. This decision led to a significant surge in
Recently, Ripple found itself in the spotlight as the US Securities and Exchange Commission (SEC) fined the company $125 million for violating securities laws. This decision came as a surprise to many, especially considering that the SEC initially sought a much larger penalty of $2 billion. The reduced fine has been seen as a victory
Recently, the Commodity Futures Trading Commission (CFTC) announced that a crypto whistleblower had been awarded over $1 million for providing crucial information. This information enabled the CFTC to take enforcement action against improper trading activities in the digital asset markets. The CFTC’s Director of Enforcement, Ian McGinley, emphasized the importance of identifying unlawful conduct in
Tether, the stablecoin issuer behind USDT, has announced plans to double its workforce within the next year. The company aims to bolster areas such as compliance by increasing its headcount to approximately 200 employees by mid-2025. This move comes as Tether looks to strengthen its finance department, which manages the $118 billion in assets backing
Shibarium, the layer-2 scaling solution for Shiba Inu, is set to launch a hard fork on August 9, introducing a burn mechanism to enhance the ecosystem. This latest upgrade aims to improve transaction speed, scalability, and lower costs, all in an effort to foster the development of the Shiba Inu ecosystem. The hard fork will
Grayscale Research has recently expressed optimism regarding Bitcoin’s potential to revisit its all-time high later this year. This positive outlook is contingent upon the U.S. economy avoiding a recession. The firm highlighted a period of stabilization in both crypto assets and broader financial markets following sharp declines from August 2 to August 5. Factors Contributing
Bitcoin has been on a rollercoaster ride recently, with its price recovering from the market-wide crash that occurred at the end of last week. The asset’s price tumbled from over $66,000 to a 6-month low of $49,500 within a few days. However, it quickly started to bounce back, reaching $53,000 on Tuesday and climbing to
Metaplanet, a Japanese investment firm, recently secured a $6.8 million loan from one of its shareholders, MMXX Ventures. The loan, denominated in Japanese yen, is intended to bolster Metaplanet’s Bitcoin holdings. This move comes on the heels of the firm’s decision to raise $70 million through a stock rights offering, with a significant portion of
In the realm of cryptocurrency, a new advocacy group called “Crypto for Harris” has emerged to counter the industry appeal of rival Donald Trump. This group is gearing up to host a virtual town hall meeting in support of the Harris campaign and to boost fundraising efforts. With notable figures such as crypto advocate Mark