El Salvador’s total Bitcoin holdings surpassed $700 million as the country celebrated the fourth anniversary of its landmark decision to adopt the cryptocurrency as legal tender. Data from the country’s Bitcoin Office, the administrative unit managing its Bitcoin holdings, shows…
Cryptocurrency News
El Salvador’s total BTC holdings surpass $700m on Bitcoin day [btcmanager]
El Salvador’s total Bitcoin holdings surpassed $700 million as the country celebrated the fourth anniversary of its landmark decision to adopt the cryptocurrency as legal tender. Data from the country’s Bitcoin Office, the administrative unit managing its Bitcoin holdings, shows…
Germany yet to seize $5B Bitcoin tied to piracy site Movie2K: Arkham [cointelegraph]
German authorities may have missed seizing as much as $5 billion in Bitcoin tied to a piracy site it investigated last year, according to Arkham.
Metaplanet, El Salvador add Bitcoin as sentiment shifts ‘neutral’ [cointelegraph]
Metaplanet CEO Simon Gerovich said in June that the company’s long-term goal is to acquire 210,000 Bitcoin total by 2027.
Ethereum added $1B of stablecoins almost every day last week [cointelegraph]
Ethereum’s stablecoin supply surged to a record $165 billion after $5 billion in weekly inflows, cementing its RWA market dominance.
Sonic upgrades tokenomics as part of U.S. expansion strategy [btcmanager]
Sonic Labs is rolling out new tokenomics to introduce stronger burn mechanics and fee redistribution amid U.S. expansion.
Ethereum metrics are telling 2 very different stories right now [cointelegraph]
A Messari analyst says Ethereum is “dying” as revenue fell 44% in August. Others argue it’s a flawed way to measure the blockchain’s success.
Ordinals dev floats forking Bitcoin Core amid censorship concerns [cointelegraph]
Bitcoin Ordinals leader Leonidas said his community would fork Bitcoin Core if developers reversed the upcoming update that allows for more Ordinals and Runes transactions.
Kinto price slides 85% as project announces shutdown following $1.9M hack in July [btcmanager]
Kinto price has dropped 85% after as Ethereum Layer-2 announces shut down on Sept. 30.
Bitcoin whales dump 115,000 BTC in biggest sell-off since mid-2022 [cointelegraph]
Bitcoin whales sold around $12.7 billion of Bitcoin last month, pressuring prices and “signaling intense risk aversion among large investors.”