Author: CryptoHoppers

Metaplanet Inc., a publicly traded company on the Tokyo Stock Exchange, is ramping up its efforts to build its Bitcoin portfolio. According to multiple reports, the Japanese Bitcoin consulting company has issued ¥4.5 billion ($30 million) in zero-interest bonds to finance its Bitcoin acquisition strategy. The company shared this news on its bond issuance through a disclosure posted on its website dated December 17th. This is the fourth in the series and formally carries the name Metaplanet Inc. 4th Series Ordinary Bonds. The total amount of bonds is worth ¥4.5 billion, each costing ¥250 million. According to the company disclosure,…

Bitcoin’s recent price surge has driven up mining equipment costs, with Shenzhen’s Huaqiangbei district—a global hub for crypto hardware—seeing a notable 30% price hike.   According to a report by Wen Wei Po, the price of the Antminer S21 335T, a mining device, has now reached $5,600, or around RMB 40,700, climbing up by 30% compared to last year’s price of $3836.19, which comes to 28,000 RMB. There is even much higher demand for the Antminer S21 XP, a raw mining device with water-cooling facilities, which has continued to cause stockouts on Bitmain’s official website.  Huaqiangbei merchants report a surge in…

Key Takeaways Bitcoin price fell under $100,000 due to a hawkish Federal Reserve stance. Meme tokens experienced sharp declines amid market sell-off. Share this article Bitcoin fell close to 6%, trading under $100,000 amid a market-wide sell-off after the Fed adopted a hawkish tone at Wednesday’s FOMC meeting, according to data from CoinGecko.The Fed cut its benchmark interest rate by 25 basis points as expected but projected only two rate cuts in 2025, down from its previous forecast of four cuts. Fed Chair Jerome Powell indicated that the central bank would be more cautious when considering further adjustments to its…

Crypto hacks are becoming more common, and the latest victim is MetaWin, an online crypto casino. On 3rd October, a hacker accessed MetaWin’s withdrawal system and acquired $4 million worth of digital assets. The attacker transferred the funds to the KuCoin exchange and a nested service on HitBTC. Blockchain investigator ZachXBT eventually pointed out more than 115 wallet addresses linked to the hacker. However, the attacker remains unidentified. Further to the incident, MetaWin CEO Richard Skelhorn asserted that the affected balances were replenished, and withdrawals were also resumed for most accounts.  Crypto Hacks Skyrocket in Last Quarter of 2024 MetaWin…

The Indian government stated in a recent declaration to Lok Sabha that there is no fixed timeline for the rollout of the comprehensive set of regulatory guidelines for virtual assets. The government’s response followed queries posed by two Members of Parliament on what steps were being taken to set up a structured regulatory framework along with an expected timeline for such regulations. Although the administration noted that it consulted with industry stakeholders and relevant international organizations both formally and informally, it asserted that policy efforts on VDA are needed globally in order to avoid regulatory arbitrage to ANI. India seeks…

Sui Network released its first network outage analysis report which found that a bug in its upgrade code caused the downtime. The report also shared that the bug was fixed within 2.5 hours. The network outage took place on the morning of November 21, 2024, between approximately 1:15 and 3:45 am PT, which halted all transaction processing as validators were stuck in a crash loop.Sui took to X to share the report, stating, “The rapid, collaborative response from Sui’s validator operators is an incredible testament to the strength of the Sui community.” Earlier today, Sui experienced its first network outage…

Key Takeaways Pudgy Penguins launches the PENGU token, with Binance announcing spot trading and an airdrop. Pengu token’s total supply is set at 88.88 billion, with significant allocations to the community, NFT collections, and the Pudgy Penguins team. Share this article Pudgy Penguins, the second-largest NFT collection by market cap, announced that they will launch their PENGU token tomorrow. Tomorrow. $PENGU. pic.twitter.com/80LHuf9vZj — Pudgy Penguins (@pudgypenguins) December 16, 2024The official Pudgy Penguins X account posted a video showcasing a Pudgy Penguin holding a token engraved with a penguin symbol, representing the new PENGU token.Following this announcement, Binance shared its update…

The upcoming delisting of Wrapped BTC (WBTC) from the Coinbase platform and the legal battle between the exchange and Bit Global have sparked a series of social media skirmishes between Bit Global-linked Justin Sun and Coinbase CLO Paul Grewal. Justin Sun and Coinbase CLO Paul Grewal Discuss WBTC Delisting on Social Media The recent lawsuit […] Source link

Chairman of the South Korean Stock Exchange, Jeong Eun-bo, believes the nation should act quickly in institutionalizing the crypto market or risk falling behind other countries. In an interview with South Korean media outlet Maeil Kyungjae, Eun-bo argued the crypto market needs to be institutionalized in the same way that traditional finance has in order to overcome regulatory roadblocks. If they fail to do so, Eun-bo believes South Korea will not be able to compete with countries that have already embraced crypto and put forth regulations that place virtual assets on equal standing with traditional assets. “If we are vague…

Key Takeaways Ripple CTO cautions against FOMO during RLUSD stablecoin launch price spikes. RLUSD is pegged to the US dollar and competes with USDT and USDC. Share this article As Ripple’s RLUSD stablecoin launches, there could be early supply shortages that might lead to temporary price surges, with some buyers potentially willing to pay over the $1 target. David Schwartz, Ripple’s CTO, advises against making purchases out of FOMO, stressing that this is not an investment opportunity.The warning came after a crypto community member spotted RLUSD displaying at $1,200 per unit on the Xaman trading platform, far above its intended…