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Canadian Oil Company Pivots to Crypto: Centaurus Energy Rebrands as Layer One Inc.
Calgary-based Centaurus Energy announces dramatic transformation from oil and gas to cryptocurrency investments, rebranding as Layer One Inc. The company plans to focus on ETH and SOL investments, with conditional approval from TSX Venture Exchange and aims to secure $25M in financing.
DOJ Set to Liquidate $6.5B in Seized Silk Road Bitcoin
The U.S. Department of Justice received approval to sell 69,370 bitcoins worth $6.5B seized from the Silk Road dark web marketplace. The planned sale, citing Bitcoin's volatility, represents a significant portion of the government's crypto holdings and comes amid speculation over its timing relative to the 2024 election.
Bhutan's Gelephu City Pioneers Government Crypto Reserves with Bitcoin and Ethereum
Gelephu Mindfulness City announces groundbreaking plans to include Bitcoin, Ethereum, and BNB in its strategic reserves, marking a significant step in government-level cryptocurrency adoption. The initiative builds on Bhutan's existing $1.12B Bitcoin holdings and aims to establish the region as South Asia's digital innovation hub.
Oklahoma Senator Introduces Groundbreaking Bitcoin Payment Legislation
Oklahoma State Senator proposes the Bitcoin Freedom Act, enabling voluntary Bitcoin adoption for wages and payments across the state. The legislation aims to provide financial sovereignty while opposing CBDCs, building on the state's existing support for cryptocurrency innovation.
Thailand Launches Bitcoin Payment Trial in Tourist Paradise Phuket
Thailand introduces groundbreaking cryptocurrency pilot program in Phuket, enabling international tourists to make Bitcoin payments at local businesses. The initiative includes automatic conversion to Thai baht through clearing houses, building on existing crypto adoption success in the country's 'Bitcoin town'.
Microsoft's Historic $20B Bitcoin Investment Signals New Era for Crypto Adoption
Microsoft Corporation has made waves with an unprecedented $20 billion Bitcoin investment, marking the largest cryptocurrency purchase by a major tech company to date. The strategic move, aimed at enhancing blockchain initiatives, sent Bitcoin prices soaring and could trigger wider institutional adoption.
Law Student's €4.5M Crypto Trading Scheme Ends in Arrest
A 24-year-old Dutch law student has been arrested for allegedly defrauding nearly 300 investors, including family and professional athletes, of up to €4.5M through a cryptocurrency trading scheme. The self-proclaimed crypto genius promised high returns while taking 50% commission before the operation collapsed, leaving investors empty-handed.
Bernstein's Bold Vision: Bitcoin to Hit $200K as Crypto Goes Mainstream in 2025
Leading brokerage firm Bernstein forecasts Bitcoin reaching $200,000 and Ethereum's resurgence by 2025, driven by institutional adoption and regulatory clarity. The analysis predicts massive growth in corporate crypto investments, ETF assets, and stablecoin market capitalization as digital assets become embedded in mainstream finance.
South Korea Opens Door to Institutional Crypto Trading in Landmark Policy Shift
South Korea's FSC plans to allow institutional investors into cryptocurrency markets through a phased approach, starting with non-profit organizations. The regulatory changes signal growing acceptance of digital assets while maintaining oversight, with additional plans for crypto ETFs and security token offerings by 2025.