Indian telecom giant Reliance Jio is partnering with Aptos Foundation and Aptos Labs to bring blockchain-based rewards to its more than 500 million customers. Jio, the country’s largest mobile network operator, plans to integrate Aptos’ layer-1 blockchain to distribute digital rewards through its telecom services. The move was announced by the company’s general manager and
Zeta Network is using Bitcoin as the foundation for a major expansion of its treasury. The company said it leveraged SolvBTC to secure a $231 million investment dedicated to scaling its financial resources. Summary Zeta Network secured a $231 million Bitcoin-backed investment through a private placement using SolvBTC, a yield-generating wrapped Bitcoin token. The deal
Last Friday, the Bitcoin market faced difficulties. In a few hours, the price of BTC plummeted from over $120,000 to less than $110,000, but still stopping above $100,000. However, it remained below $110,000 for just over an hour, and then it immediately bounced back. In fact, it returned there on Sunday, five times, but never
The U.S. Office of the Comptroller of the Currency has granted conditional national bank status to Erebor Bank, a new tech-oriented bank seeking to rise into the gap left by the collapse of several such lenders in 2023, including Silicon Valley Bank. OCC chief Jonathan Gould said the Wednesday approval — the first new-bank charter
The U.S. government now possesses an additional $14 billion more in Bitcoin. The only question is: What are they going to do with all that digital gold? On Tuesday, the Department of Justice announced it had successfully seized over $14.4 billion worth of Bitcoin from Chen Zhi, the head of a Cambodia-based business conglomerate alleged
Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: Monad Opens Airdrop Portal Ahead of Token Launch Ethereum’s Fusaka Rolls Out on Sepolia; Hoodi Testnet Up Next Monero Releases Privacy Boost Against Sneaky Network Nodes Ethereum Foundation Expands
A Stanford MBA and crypto analyst explained why Bitcoin still has room to grow. In July 2024, Michael Saylor presented a chart showing Bitcoin’s market value compared to the total global asset market. At that time, Bitcoin was around $65,000 per coin, with a network value of $1 trillion. This was just 0.1 percent of
Key Takeaways Remixpoint, a Japanese company, has acquired an additional 2.9 Bitcoin. The company’s total Bitcoin holdings now amount to 1,381.8 BTC. Remixpoint, a Japanese company, acquired an additional 2.9 Bitcoin, bringing its total holdings to 1,381.8 BTC. The company announced the purchase today via its official X account. Bitcoin continues to see uptake among
Key Takeaways Glassnode data shows Bitcoin options market premium is concentrated between $115,000 and $130,000, signaling strong bullish expectations. Options traders are increasingly buying calls at these higher strikes, betting on significant potential upside for Bitcoin. Glassnode data shows Bitcoin options market activity concentrating at premium levels between $115,000 and $130,000, reflecting trader positioning for
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Strategy (MSTR) bears have pierced a key bull market support, leaving bitcoin BTC$111,506.46 bears trailing behind. The technical breakdown centres around the Strategy share price’s recent breach of its 50-week simple moving average (SMA). This SMA had consistently acted as a