Mogo Inc. has sold nearly half its stake in crypto platform WonderFi, generating $13.8 million in proceeds while simultaneously growing its direct Bitcoin investment to $2 million. The transaction advances Mogo’s stated strategy of prioritizing Bitcoin as a hedge asset… Read More »Mogo Divests 50% of WonderFi Stake for $13.8M, Expands Bitcoin Holdings to $2M
Hilbert Group and LDA Capital have finalized a 150 million Swedish kronor ($15.8 million) strategic financing agreement. The deal employs an ATM-style (at-the-market) mechanism, enabling flexible fund withdrawals by Hilbert Group over a 36-month period while providing enhanced liquidity solutions.… Read More »Hilbert Group Secures $15.8M Financing with LDA Capital to Bolster Bitcoin Reserves
A landmark legislative proposal called the COINS Act has been introduced to bring regulatory clarity and stability to India’s cryptocurrency ecosystem. The framework aims to resolve longstanding industry challenges including regulatory ambiguity and heavy taxation while fostering innovation and consumer… Read More »India Proposes COINS Act to Establish Crypto Regulatory Authority and Bitcoin Reserve
Germany’s sale of 50,000 confiscated bitcoins for $3.13 billion last year has proven financially detrimental after the cryptocurrency’s price later doubled. The government had liquidated the assets following an anti-piracy seizure, valuing Bitcoin’s potential strategically to raise liquidity. The decision… Read More »German Bitcoin Liquidation at $3.13 Billion Deemed Costly Amid Subsequent Price Surge
The Polkadot Treasury is actively evaluating a proposal to allocate approximately $2 million worth of DOT tokens towards purchasing Bitcoin. This strategic move aims to diversify Polkadot’s asset holdings and enhance financial stability, mitigating risks associated with DOT token price… Read More »Polkadot Considers $2 Million Bitcoin Reserve Strategy to Diversify Treasury
A proposal under discussion within the Polkadot community aims to convert 500,000 DOT tokens from the network’s Treasury into tBTC, a Bitcoin-backed asset. The plan involves utilizing Hydration’s automated Dollar-Cost Averaging (DCA) system to execute the conversion gradually. This method… Read More »Polkadot Community Debates Proposal to Convert Treasury DOT into Bitcoin-Backed tBTC