The native token of Movement, an Ethereum layer-2 network built using the Facebook-created MoveVM coding language, jumped on Tuesday after Donald Trump-backed World Liberty Financial purchased tokens. There was also a fresh report that the network is among the blockchains in discussion with the Elon Musk-led Department of Government Efficiency (DOGE). The MOVE token spiked […]
Metaplanet Announces Largest Raise by an Asian-Listed Firm to Buy Bitcoin
Metaplanet (3350), the Japanese hotel investor, has announced the largest capital raise in Asian equity market history to buy bitcoin (BTC). Metaplanet has issued 21 million shares through 0% discount moving strike warrants, raising approximately 116 billion yen ($745 million). This allows holders to buy shares at an exercise price equal to the market price, […]
Trump’s Treasury Secretary Bessent Approved, Likely Tackling Taxes Before Crypto
With his U.S. Senate confirmation behind him, Scott Bessent is in place to be the top financial official of President Donald Trump’s administration, where he’ll be among those fulfilling the crypto directives already set out by the president last week. Bessent, a billionaire former hedge fund manager, didn’t give the crypto sector much to chew […]
Elon Musk Said to Propose Blockchain Use at D.O.G.E. for Efficiency: Bloomberg
Elon Musk, picked by President Donald Trump to lead the new Department of Government Efficiency, proposed using blockchain technology as part of the operation, Bloomberg reported. Musk suggested that using a digital ledger would be a cost-efficient way to track federal spending, secure data, make payments and manage buildings, according to people familiar with the […]
Travala, Crypto-Native Travel Website, Said to Receive Unsolicited Takeover Approach
Travala.com, the holiday website that allows users to pay with cryptocurrency, is in talks with potential buyers after receiving an unsolicited takeover approach late last year, according to two people with knowledge of the matter. The Binance-backed company received an inquiry, triggering outreach by Travala’s advisers to major online travel agencies such as Booking.com, one […]