El Salvador Splits $678M Bitcoin Into 14 Wallets to Mitigate Quantum Threats
El Salvador, the first country to adopt Bitcoin as legal tender, has taken a significant step to safeguard its digital reserves by dividing its $678 million worth of Bitcoin into 14 separate wallets. The move aims to mitigate potential risks posed by future advances in quantum computing, a technology that some experts warn could compromise […]
Tether Reverses Decision to Freeze USDT on Five Blockchains
Stablecoin issuer Tether has reversed its earlier decision to freeze USDT smart contracts on five blockchains, opting for a more flexible approach after community concerns. The company had initially planned to completely shut down support for Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand by early September. That move would have rendered USDT tokens […]
$200M Dogecoin Treasury to Be Chaired by Elon Musk’s Lawyer
In a development that could reshape the narrative around meme-inspired cryptocurrencies, Alex Spiro, longtime lawyer to Elon Musk, is set to chair a new $200 million Dogecoin treasury initiative. The project involves the creation of a public company dedicated to holding large amounts of Dogecoin on its balance sheet. The company, still in its early […]
PENGU Token Slides 20% in August Despite Pudgy Party Game Launch
The PENGU token, tied to the Pudgy Penguins ecosystem, dropped more than 20% in August, underscoring the challenges of sustaining token momentum even as the project rolled out its highly anticipated mobile game, Pudgy Party. The token’s decline came as a surprise to some investors, given the excitement surrounding the game’s debut on Android and iOS. […]
Gryphon Approves Merger with American Bitcoin
Gryphon Digital Mining has secured shareholder approval for its long-awaited reverse merger with American Bitcoin Corp., clearing the way for the combined company to debut on Nasdaq under the ticker symbol ABTC in early September. The move marks the retirement of Gryphon’s brand and the launch of a bold new phase for the Bitcoin-mining sector. […]