Shares of Figma (FIG) rose 198% on its first day of trading on the New York Stock Exchange after the company raised $1.2 billion for its Wednesday initial public offering (IPO). The firm priced shares at $33 a share under the ticker “FIG,” valuing the company at about $20 billion. The stock changed hands at
Bitcoin price continues to move sideways today, July 31, as the recent momentum fades. BTC was trading at $118,000, capping a solid month in which it surged to a record high of $123,200. Bollinger Bands and a forming bullish pennant pattern point to an eventual rebound ahead of the August 1 tariff deadline.
The International Monetary Fund (IMF) has noted that Bitcoin, the leading cryptocurrency by market capitalization, remains mostly “off the books” despite using as much electricity as Argentina. The IMF has recalled that 2008 was the last time when countries actually standardized how to measure their economies, but this was before the advent of various disruptive
Myriad Protocol, the multichain protocol designed to power prediction markets, has launched on Ethereum Layer-2 network Linea. “Predictions now have a home on Linea,” said Loxley Fernandes, co-founder and CEO of Myriad’s parent company DASTAN. He added that, “The Linea team is about to really push hard on creating some more resources for Ethereum users,
Tether International Ltd., the holding company behind the largest stablecoin, USDT, posted second-quarter net profit of $4.9 billion. The company held over $162.5 billion in reserves against $157.1 billion in liabilities, the USDT tokens issued, according to the latest attestation by accounting firm BDO. That puts excess reserves at $5.4 billion. Exposure to U.S. Treasuries,
Bitcoin development firm Blockstream has unveiled “Simplicity,” a programming language for smart contracts built on the layer-2 network Liquid. Co-founded by cryptographer and early Bitcoin contributor Dr. Adam Back, Blockstream has introduced Simplicity with the aim of solving the limitations of Bitcoin as a venue for smart contracts. “Simplicity gives Bitcoin expressive smart contracting power,
Ice Open Network (ION), a cutting-edge L1 blockchain network, has announced its latest collaboration with CoreNet Coin. The partnership aims to advance the accessibility of the decentralized AI ecosystem for creators. As per ION’s social media announcement, the development focuses on strengthening the creator-led digital decentralized network. In this respect, the mutual effort offers a
The price of Bitcoin has rebounded sharply following yesterday’s dip to $115,807.32, climbing back above $118,571.79 according to live pricing data from Bitcoin Magazine Pro. The drop came shortly after the White House released its highly anticipated 166-page report on digital assets—but failed to address one of the most eagerly awaited updates: how much Bitcoin