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Published: August 20, 2024   |   Last Updated: August 20, 2024
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March 11, 2024

Tether Expands USDT to Celo Platform; CELO Surges 40%

Leading stablecoin operator Tether announced a collaboration with smart contract platform Celo. The collaboration will bring USDT to the network’s fast, inexpensive blockchain framework.   Key details: USDT to benefit from average Celo fees of around $0.001 per transaction. Celo’s 1,000+ project ecosystem spans 150+ countries focused on real-world use. Integration to enable gas payments via......

March 11, 2024

MicroStrategy Buys 12,000 Bitcoin For $821 Million As BTC Hits $72,000

Business intelligence firm MicroStrategy has capitalized on its latest convertible debt offering to accumulate roughly 12,000 additional Bitcoin worth over $821 million. The purchase expands the company’s existing BTC portfolio to approximately 205,000 BTC bought for $6.91 billion. Key details: Funded the Bitcoin shopping spree with $781 million raised through a debt offering closed on......

March 8, 2024

🥛 Bitcoin vs. Altcoins 🥊

Today’s edition is brought to you by BetterHelp – making therapy accessible and affordable.Get 25% Off.GM. This is Milk Road, the crypto newsletter that makes every day feel like a payday.It’s Friday. BTC’s flirting with $69K. ETH is a blink away from $4K.Life. Is. Good. Here’s what we got for you today:BTC vs. Altcoins 🥊Introducing…......

March 8, 2024

Coinbase Report Urges Caution on Emerging Crypto AI Sector

A new report from Coinbase suggests the recent hype and growth around cryptocurrencies related to artificial intelligence may ultimately prove unsustainable long-term without additional progress. The analysis strikes a note of current market enthusiasm, pushing many AI tokens notably higher. Key details: It comes amidst notable gains for tokens tied to AI sector advancements, massively......

March 8, 2024

U.S. Still Seeks Do Kwon Extradition Despite Montenegro Court Ruling

American prosecutors vowed Thursday to continue efforts towards extraditing embattled cryptocurrency entrepreneur Do Kwon. This comes even as a Montenegro court cleared the way for his likely return to his native South Korea instead.   Key details: Do Kwon founded the failed crypto project Terraform Labs and its Terra ecosystem. The TerraUSD implosion wiped out $40......

March 7, 2024

Fed Chair Powell Says CBDC Is Nowhere Close to Reality

In testimony before the Senate Banking Committee Thursday, Federal Reserve Chairman Jerome Powell firmly rejected notions that adoption of a central bank digital currency (CBDC) by the U.S. is imminent. Powell also mentioned that it is not even actively under consideration at this point. His remarks come amidst a growing conservative political backlash against a......

March 7, 2024

🥛 Solana is heatin’ up 🔥

Today’s edition is brought to you by Phemex - a top 5 crypto exchange boasting exceptionally low fees and trading bots to help you automate profits and effortlessly execute pro trading strategies.Discover effortless trading with Phemex bots.GM. This is Milk Road. The newsletter that gives you the same feeling as hearing the ice cream truck......

March 7, 2024

Terra’s Do Kwon to be Extradited to South Korea

Do Kwon, the embattled co-founder of the failed crypto project Terraform Labs, will likely be extradited to South Korea. This is following the completion of a four-month sentence in Montenegro for falsified document charges. The revelation is according to the statement of Kwon’s attorney after a Montenegro high court ruling on Thursday. Key details: Kwon......

March 7, 2024

Nigeria Seeks to Block Criminals From Capital Markets Via New Crypto Rules

Nigeria’s Securities and Exchange Commission (SEC) is moving to update its guidelines around cryptocurrencies to prevent criminals from participating in capital markets, according to local reports this week. The push comes amidst ongoing turbulence in Nigeria’s crypto sector regulation and signals intent to exert stronger control. Key details: SEC seeking more oversight of crypto companies......