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Cango, a Chinese car firm, quietly transitioned into
bitcoin
mining with 32 EH/s, becoming the 3rd largest publicly listed miner. ๐โก๏ธ๐ป Its stock has surged 355% this year, catching the industry by surprise.
#BTCย
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The Solana ecosystem is buzzing!๐๐ In November, decentralized applications (dapps) reached an all-time high of $365 million in monthly revenue! ๐ฐ Over 30 protocols raked in more than $1 million each, with @Pumpfun leading the charge as the first dapp to surpass $100 million in a single month! ๐ That's over 25% of Solana's dapps total monthly revenue! ๐บ๐ธ๐ง๐ท๐ฏ๐ต Curious to learn more? Check out the full story on our website for all the details! ๐โจ
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๐ Arthur Hayes, co-founder of Bitmex, warns that the recent crypto market growth may face a "sell-the-news" event around Trump's inauguration. He predicts Trump will devalue the ๐บ๐ธ U.S. dollar against gold to attract companies back onshore, potentially boosting bitcoin in the long run. However, Hayes is skeptical about a strategic bitcoin reserve being approved, as politicians may prioritize spending new dollars on immediate benefits to secure election wins. This could lead to "buyers' remorse" and a sell-off in crypto. Hayes plans to reduce exposure, aiming to buy back at lower prices in 2025.
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Craig Wright, the man who claims to be Bitcoinโs creator, gets a 12-month suspended sentence ๐ฎ for defying a U.K. court order. He also owes ยฃ145K in legal fees ๐ธ. - Wright ignored a court order tied to his Satoshi Nakamoto claims. - Judge ruled Wright showed no remorse, finding him guilty of contempt. - COPA successfully argued his ยฃ900B lawsuit broke a 2024 injunction.
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Chainalysis acquires Hexagate to supercharge blockchain security ๐๐. AI-driven threat detection now at the forefront of protecting Web3. - Hexagate has saved over $1B in customer funds with real-time threat mitigation. - Machine learning is key to detecting on-chain risks before they escalate. - Chainalysis expands from investigations into proactive blockchain security. Read more about it at Bitcoinโคcom News!
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๐จ๐จJUST IN: The Australian man who claimed for several years to be Satoshi Nakamoto, Craig Wright, has been sentenced to one year in prison, suspended for two years. COPA argued that Wright's lawsuit against Block and others violated an injunction that barred him from filing legal claims based on his assertion of being Satoshi or owning intellectual property rights to Bitcoin. Wright is also required to pay COPA $180,000 to cover costs related to the hearing.
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