News

Crypto Firm Abra to Go Public on Nasdaq in $750 Million SPAC Deal

Crypto firm Abra is set to go public on Nasdaq through a $750 million merger with a special purpose acquisition company (SPAC) called Mountain Crest Acquisition Corp. The deal will provide Abra with significant capital to expand its services and enhance its platform. Abra aims to leverage the growing interest in cryptocurrency and digital assets as it transitions to a publicly traded company. The merger is expected to close in the first half of 2024, subject to regulatory approvals and other customary conditions.

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Institutions had ‘diamond hands’ during bitcoin's 50% plunge, Bitwise's Matt Hougan says

Matt Hougan from Bitwise reported that institutional investors demonstrated resilience during Bitcoin's recent 50% price drop, maintaining their positions rather than selling off. He described these investors as having "diamond hands," a term used to indicate a strong commitment to holding assets despite market volatility. Hougan

Circle is up 100% in a month: Why this boring stablecoin stock is suddenly the hottest trade in crypto

Circle's stock has surged 100% in the past month, making it one of the hottest trades in the crypto market despite being a stablecoin issuer. This dramatic increase is attributed to growing interest in digital currencies and the potential for regulatory clarity in the sector. Investors are increasingly

'Operation Atlantic': US Secret Service Teams With UK, Canada to Stop Crypto Fraud

The US Secret Service has launched 'Operation Atlantic' in collaboration with law enforcement agencies from the UK and Canada to combat cryptocurrency fraud. This initiative aims to enhance international cooperation in investigating and prosecuting crypto-related crimes. The operation focuses on identifying and dismantling criminal networks that exploit digital

Ethereum Foundation’s new mandate sparks debate about its role, priorities

The Ethereum Foundation has announced a new mandate aimed at enhancing its role in the Ethereum ecosystem, which has sparked discussions among community members about its priorities. The foundation plans to focus on supporting developers, improving user experience, and promoting the network's sustainability. Critics argue that the foundation

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Institutions had ‘diamond hands’ during bitcoin's 50% plunge, Bitwise's Matt Hougan says

Circle is up 100% in a month: Why this boring stablecoin stock is suddenly the hottest trade in crypto

'Operation Atlantic': US Secret Service Teams With UK, Canada to Stop Crypto Fraud

Ethereum Foundation’s new mandate sparks debate about its role, priorities