Crypto payments firm MoonPay mulls $150M Helio acquisition: Report

December 24, 2024 Coin Telegraph

Acquisition

MoonPay is reportedly looking to acquire Helio Pay for around $150 million, adding to the crypto firm’s merchant service offerings.

Crypto payments firm MoonPay is reportedly considering acquiring crypto e-commerce platform Helio Pay for around $150 million.

MoonPay “is in talks” with Helio Pay for the estimated $150 million deal in what would be the company’s largest acquisition to date, FOX reporter Eleanor Terrett said in a Dec. 23 X post.

MoonPay markets itself as the “PayPal for crypto,” offering up a suite of crypto payments infrastructure.

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Aave mulls Chainlink integration to return MEV fees to users

December 23, 2024 Coin Telegraph

Aave

The DeFi protocol aims to capture around 40% of MEV profits from adding Chainlink's new oracle service.

Aave is mulling integrating a new Chainlink oracle designed to redirect profits from transaction frontrunning to the decentralized finance (DeFi) protocol’s users, according to a proposal in Aave’s governance forum.

On Dec. 23, decentralized oracle provider Chainlink released Smart Value Recapture (SVR), an oracle service specializing in capturing profits from maximum extractable value (MEV) to benefit DeFi protocols.

The same day, Aave proposed integrating SVR “to recapture MEV from Aave liquidations and return it to the Aave ecosystem.”

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Got rich off Bitcoin? Unchained explains how multisig wallets protect investors’ BTC

December 23, 2024 Coin Telegraph

Adoption

Everyone’s heard “Not your keys, not your coins.” Unchained head of research Joe Burnett explains how investors can protect their Bitcoin.

Bitcoin and its price are centerstage in the mainstream media again, and with prices trading near $100,000, the attention paid to the world’s first cryptocurrency is likely to intensify.

Beyond investors’ day-to-day obsession with Bitcoin (BTC) price and the potential for President-elect Donald Trump to push for a strategic BTC reserve, a more serious concern should be evaluating whether or not one’s operational security is up to par.

On Episode 48 of the Decentralize with Cointelegraph podcast, host Ray Salmond spoke to Unchained director of market research Joe Burnett about the best practices for securing a Bitcoin portfolio and growing the investment in a way that is tax efficient.

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MicroStrategy bags 5.2K Bitcoin at average BTC price of $106K

December 23, 2024 Coin Telegraph

Bitcoin

MicroStrategy slowed down Bitcoin buying last week, reporting the smallest BTC buy since July 2024.

Corporate Bitcoin investor MicroStrategy continued aggressive Bitcoin (BTC) buying last week in line with the founder’s pledge to keep accumulating the asset at peak prices.

MicroStrategy acquired 5,262 BTC in the period between Dec.16-Dec. 22, pouring roughly $561 million into the asset, the firm officially announced on Dec. 23.

In its latest Bitcoin purchase, MicroStrategy bought the cryptocurrency at an average price of roughly $106,662, the highest cost the firm has ever paid per BTC.

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Nokia files patent for digital asset encryption device and program

December 23, 2024 Coin Telegraph

Blockchain

A Nokia patent application shows that the company may be moving into digital asset encryption.

Finnish telecom company Nokia filed for a patent on a “device, method and computer program” that can encrypt digital assets.

On Dec. 23, the China National Intellectual Property Administration (CNIPA), patent office of the People’s Republic of China, disclosed that Nokia Technologies had applied for the digital asset encryption patent.

According to English translations of the application, the patent is for a device and a program with a component that encrypts digital assets.

Translation of filing CN 119155674 A by Nokia Technologies. Source: CNIPA

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US Bitcoin reserve could slash national debt 35% by 2049: VanEck

December 23, 2024 Coin Telegraph

Bitcoin ETFs

VanEck has said a US Bitcoin reserve could majorly slash the national debt if the cryptocurrency grows to $42.3 million a coin by 2049.

The United States could reduce its national debt by 35% in the next 24 years if it creates a reserve of 1 million Bitcoin, in line with a bill proposed by Senator Cynthia Lummis, says asset management firm VanEck.

VanEck’s estimate assumed Bitcoin (BTC) will increase at a compounded annual growth rate (CAGR) of 25% to $42.3 million by 2049, while US national debt climbs at a 5% CAGR from $37 trillion at the start of 2025 to $119.3 trillion over the same time.

“The reserve could represent an estimated 35% of the national debt by 2049, offsetting ~$42 trillion of liabilities,” VanEck’s head of digital asset research, Matthew Sigel and investment analyst Nathan Frankovitz said in a Dec. 20 report.

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Trump appoints former college football player Bo Hines to head crypto council

December 23, 2024 Coin Telegraph

A16Z

Bo Hines will work under Donald Trump’s crypto and AI czar, David Sacks, on the incoming presiden’ts crypto council in a bid to “foster innovation and growth” for digital assets.

Donald Trump has appointed former college football player Bo Hines as the executive director of his incoming administration’s new “Crypto Council.”

In a Dec. 22 post to his social media platform Truth Social, the United States president-elect said Bo Hines — an unsuccessful US House Republican candidate in 2022 — would become the Executive Director of the Presidential Council of Advisers for Digital Assets.

Source: Donald Trump

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Securitize proposes BlackRock BUIDL fund as collateral for Frax USD

December 22, 2024 Coin Telegraph

blackrock

According to RWA.XYZ, BlackRock's US dollar Institutional Digital Liquidity Fund has roughly $549 million in assets under management.

Securitize, the brokerage firm for the tokenized BlackRock US dollar Institutional Digital Liquidity Fund (BUIDL), has submitted a Frax improvement proposal to add BUIDL as backing collateral for the Frax USD stablecoin.

According to the improvement proposal, using BUIDL as a collateral reserve asset provides yield opportunities, deeper liquidity and transfer options, and reduced counter-party risk due to the backing of the world's largest asset manager, BlackRock.

The proposal is still subject to a community vote before BUIDL — which invests in United States government securities — is added as a reserve asset for the proposed Frax USD stablecoin.

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SUI, BGB, ENA and VIRTUAL show strength as Bitcoin looks for direction

December 22, 2024 Coin Telegraph

Bitcoin

Bitcoin’s recovery toward $100,000 could attract buyers to SUI, BGB, ENA, and VIRTUAL.

Bitcoin (BTC) is down roughly 8% for the week, but a positive sign is that the bulls aggressively purchased the weekly lows. After the recovery, analysts remain divided on the next directional move. Some expect the correction to deepen, while others anticipate the uptrend to resume.

Bitcoin’s rebound on Dec. 20 failed to attract investors to the United States spot Bitcoin exchange-traded funds. Farside Investors data shows outflows of $617.9 million on Dec. 19 and $277 million on Dec. 20 from the ETFs, suggesting profit booking by traders.

Crypto market data daily view. Source: Coin360

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Quantum computing will fortify Bitcoin signatures: Adam Back

December 22, 2024 Coin Telegraph

Adam Back

The post-quantum era is still “several decades away,” but it could be a net positive for the Bitcoin network’s security.

Advancements in quantum computing have the potential to strengthen the Bitcoin network in the coming decades, even though there are widespread concerns about the technology’s ability to compromise cryptographic encryption.

Industry insiders have previously voiced concerns that quantum computing may break cryptographic algorithms in the future, thanks to its ability to perform computational processes at previously unimagined speed, thanks to advancements in quantum physics.

Yet despite these concerns, quantum computing could lead to a stronger Bitcoin (BTC) network, according to Adam Back, co-founder and CEO of Blockstream, the inventor of Hashcash and one of the most notable cryptographers in the industry.

Coin Telegraph

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