$24M CryptoPunk NFT Sold Quietly as Market Fades
Investor Deepak Thapliyal bought CryptoPunk #5822, a unique alien punk, for 8,000 Ether ($23.7 million) in 2022, setting the highest bid for a CryptoPunk NFT. As the interest in digital collectibles began to decline, the most costly item from the CryptoPunks non-fungible token (NFT) collection was sold for a sum that was not disclosed. NFT […]
Metaplanet Stock soar 13% After Bitcoin Purchase
This move, announced by Metaplanet CEO Simon Gerovich on August 20, led to a nearly 13% surge in the company’s stock price. Metaplanet, a company based in Japan, has successfully completed its most recent Bitcoin investment strategy by purchasing bitcoins with a value of 500 million Japanese yen. Chief executive officer Simon Gerovich’s announcement about […]
Galaxy Digital Buys 400 BTC, Lifts Market Optimism
Galaxy Digital’s $23 million Bitcoin purchase, despite BTC falling below $60,000, has sparked optimism in the crypto market. Despite Bitcoin’s recent decline below the $60,000 threshold, on-chain data indicates that this acquisition is approximately $23 million. Positive sentiment in the broader crypto market has been awakened by this substantial acquisition. Given the recent decline in […]
Bitcoin Rally Looms as Miner Capitulation Ends
Bitcoin recently retested $59,000, facing resistance at $62,400, and has since dipped below $60,000. Analysts working for the on-chain analytics platform CryptoQuant report that there is a possibility that Bitcoin is about to experience a new rise. It appears that miners’ capitulation has come to an end, as indicated by the recent signal from the […]
Dubai Court Approves Crypto for Salary Payments
A Dubai Court has validated cryptocurrency as a legal method for salary payments, marking a significant shift in the use of digital assets in everyday transactions. A Dubai Court ruling has recognised cryptocurrency as a legal method of salary payment, a decision that has the potential to significantly impact the global workforce and financial systems. […]