CoinJot

1 week ago | coinjot.com | Michael Boris

Rumble (RUM), a video sharing company, announced a partnership with TRON DAO to promote a decentralized internet, enabled through blockchain technology. The first phase of this collaboration will be to provide TRON with access to Rumble Cloud storage facilities so that the blockchain ecosystem can access storage services without the overhanging threat of censorship or price gouging.

3 weeks ago | coinjot.com | Michael Boris

Al Abraaj Restaurants Group, a publicly listed company in Bahrain, announced that it will create a Bitcoin treasury strategy, becoming the first company in the Middle East to create a Bitcoin reserve. Al Abraaj added 5 BTC to its balance sheet and plans on using more of its treasury to expand its crypto holdings. Al Abraaj prefers Bitcoin for its strategy and will make successive acquisitions to mimic other reserve companies, such as Michael Saylor’s Strategy.

3 weeks ago | coinjot.com | Michael Boris

UBS Group, a global banking conglomerate, commented that high net worth clients in Asia were moving away from the US dollar and were accumulating gold, cryptocurrencies, and Chinese assets. Amy Lo, wealth manager for UBS Asia, said that gold was becoming very attractive. She reasoned that geopolitical conflicts and market volatility were the reasons why Asian clients were seeking more stable investments like gold and crypto.

1 month ago | coinjot.com | Michael Boris

Monero (XMR) rallied close to 50% of its value, reaching a peak of $316 and adding $1 billion in market value overnight, as a result of, according to the ‘people’s blockchain investigator’ ZachXBT, a hacker sent coins to Monero, post-exploitation. Monero has recently recovered, after being delisted from major exchanges, as part of a campaign against privacy tokens, only to rise over the past 12 months with expectations of further deregulation.

1 month ago | coinjot.com | Michael Boris

Brandon Lutnick, chair of the Cantor Fitzgerald brokerage firm, is partnering with Tether, SoftBank, and Bitfinex to create a multibillion-dollar Bitcoin entity. Brandon is the son of Howard Lutnick, former CEO of Cantor Fitzgerald, now serving as Trump’s Commerce Secretary. Cantor Equity Partners will organise the deal, creating a new firm called 21 Capital to raise $3 billion from cryptocurrency investors. Tether will contribute $1.5 billion. SoftBank will contribute $900 million.