Coinspeaker Japanese Metaplanet’s Purchase of Bitcoin Worth $6.25M Signals Growing Corporate Adoption Metaplanet, a Japanese company that deals in Web3 consulting, real estate development, and other services, recently announced its purchase of ¥1 billion worth of Bitcoin, which is approximately $6.25 million. Earlier this month, Metaplanet released a post on their X page stating that there will be a shift in their business strategy as they are ready to adopt BTC as the core treasury asset of the company. They further revealed that the web3 consulting company will deposit an initial JPY 1 billi ..read more

Coinspeaker Here Are 3 Major Recent Cardano (ADA) Upgrades to Know Cardano (ADA), one of the leading blockchain projects known for its focus on sustainability, security, and scalability, has recently undergone several significant upgrades. As per its weekly community updates, these developments highlight Cardano’s commitment to innovation and its pursuit of becoming a robust platform for decentralized applications (dApps) and smart contracts.  Cardano (ADA) Upgrades Offers Unique Features The Mithril and Hydra team collaborated on enhancing scalability through the latest upgrade. This upg ..read more

Coinspeaker UK Expands Crypto Asset Seizure Powers to Tackle Criminal Activity The UK government is intensifying the crackdown on crypto-re­lated criminal activities. Starting from April 26, 2024, law enforce­ment agencies like­ the National Crime Agency (NCA) and police­ will employ an enhanced authority to seize, free­ze, or even de­stroy crypto assets used by criminals.  Cryptocurrencie­s’ anonymous nature raises worries about misuse­. Estimates show criminals conducted £1.2 billion in illicit crypto deals in 2021. Criminals e­xploit some cryptocurrencies’ anonymity and e­asy transfers ..read more

Coinspeaker Solana’s Chapter 2 Mobile Airdrops Temporarily Exceed Pre-Order Cost Crypto traders who pre-ordered the Solana Mobile Web3 phone Chapter 2 received a surprising windfall as the total value of the airdrop they received briefly surpassed the actual cost of the phone. According to data from airdrop tracker twoloot.com, the value of the digital assets distributed freely to buyers reached $480 on Thursday when the price of the tokens peaked. The mobile phone was originally sold to users for $450, meaning those who received the airdrop allocations and subsequently sold their holding ..read more

Coinspeaker Bitcoin Miner Marathon Digital to Double Its Mining Capacity in 2024 Bitcoin mining giant Marathon Digital recently shared its goals for the hash rate that it seeks to achieve this year in 2024. This is the first major update from the company after the Bitcoin halving event last week, which reduced miner rewards from 6.25 BTC to 3.125 BTC. Taking an ambitious goal Marathon has revised its 2024 hash rate goal from 35-37 exahashes per second (EH/s) to 50 EH/s. This comes on the backdrop of the company’s recent acquisitions which helped it expand its overall capacity. In his statement ..read more

Coinspeaker Deciphering Bitcoin’s Halving Impact: Navigating New Market Realities Bitcoin halving occurs approximately every four years. This happens because the cryptocurrency’s protocol is programmed to inevitably lead to the halving of the miner’s rewards for adding new blocks to the blockchain. While halving’s significance, whether it is beneficial or disadvantageous, can always be debated, there is no denying that it has an enormous impact on the economy built around the crypto world’s most well-known and representative asset – Bitcoin. Experts Warn against Quick, Oversimplified Understan ..read more

Coinspeaker Data Protocol Syntropy Rebrands to Synternet to Enhance Web 3.0 Interoperability The future of Web 3.0 is about to face a revolution as Syntropy announced its rebranding to Synternet. Markedly, the Web 3.0 data layer protocol made the announcement on Wednesday, stating that the rebrand would involve some visual alterations to the platform’s logo, colour, and website design. Syntropy undergoes this process as it seeks to improve the movement of data across blockchains. Apart from the black and white color code, other advanced features that can bring novel technological advancements ..read more

Coinspeaker Banksters Launching Native Token for Web3 EduTech Platform on 3 Leading Crypto Launchpads Banksters, an EduTech platform, will launch its cryptocurrency, $BARS, on April 24th through a token sale. BullPerks, Games Pad, and StormGain are the three main cryptocurrency launchpads where this event will occur. The project is part of Banksters’ larger plan to use non-fungible token (NFT) technology in a teaching model that turns different parts of daily life into games, making them fun and educational at the same time. Adding $BARS is likely to be very important to Banksters’ ecosystem ..read more

Coinspeaker Tezos and Magic Partner to Revolutionize Web3 User Experience Open-source blockchain platform Tezos has further established its partnership with Magic, a Web3 wallet solution provider. According to a recent announcement, the collaboration is aimed at enhancing the onboarding user experience in the Web3 space. It will further help in making the Web3 application easy to use. Simplifying Web3 Wallet Creation The integration by Magic will tackle Web3 challenges such as authentication and onboarding; it will also provide a solution that will enable users to create a wallet smoothly with ..read more

Coinspeaker Pantera Capital Buys Another Bunch of Solana Tokens from FTX Auction Distressed crypto exchange FTX and its sister investment firm Alameda Research have accelerated the auctioning and liquidation of their crypto holdings in the past few weeks. With former FTX boss Sam Bankman-Fried, alias SBF, currently serving a 25-year jail term, the repayment of the distressed creditors and customers is underway. In the latest update, Bloomberg reported that about 2,000 SOL coins, worth about $288k based on the current price, were auctioned this week. According to people familiar with the matter ..read more