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The company will use the money to introduce additional wrapped tokens for investors.

Movement is building a layer-2 blockchain on Ethereum using technology from Facebook's failed crypto project.

President-elect Donald Trump's victory in early November sent the entire sector surging. Trump has promised a friendlier regulatory environment toward crypto and even growth policies that will make the U.S. "the crypto capital of the world." Few companies or people have benefited more from this than Michael Saylor, the founder of MicroStrategy (NASDAQ: MSTR), which made quite the pivot in 2020 and began buying as much Bitcoin (CRYPTO: BTC) as it could.

Iris Energy ( (IREN) ) has provided an update. In December 2024, Iris Energy reported a significant increase in Bitcoin mining capacity and efficiency, achieving a 450% growth in hashrate and a hardware profit margin of 77%. The company mined 529 Bitcoins in December, generating $52.1 million in revenue, and is on track to expand its capacity to 50 EH/s by the first half of 2025. Additionally, the company continued its expansion in AI and HPC services, enhancing its market positioning with the i

Here is a 2-minute breakdown of everything important that happened in crypto today.

This achievement places it on the NASBA CPE Registry.

Cryptocurrency has evolved into a store of value, somewhat like gold, and a medium of exchange, like the U.S. dollar. Its practical applications in everyday life have expanded as it becomes more mainstream. Among the various growing use cases, cryptocurrency has emerged as a method for bill payments.