Browser company Opera has reported making a large purchase of an altcoin. Here are all the details you need to know. Continue Reading: Browser Company Opera HasBrowser company Opera has reported making a large purchase of an altcoin. Here are all the details you need to know. Continue Reading: Browser Company Opera Has

Browser Company Opera Has Purchased a Large Amount of a Surprise Altcoin

2026/03/20 02:50
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Ethereum Layer 2 network Celo has made a significant proposal to formalize its long-standing collaboration with the web browser Opera.

According to a proposal submitted to the community for approval by Celo Core Co., Opera will be allocated a one-time 160 million CELO tokens. This amount represents approximately 16% of the total supply and is worth approximately $12 million based on the current market value. If the proposal is accepted, Opera will move beyond being merely a distribution partner and become a significant player in the Celo ecosystem.

Related News: Europe's Largest Asset Manager Launches a $100 Million Fund Focused on Two Altcoins

The proposal also brings about a fundamental change in the existing business model between the two parties. Instead of the previous financing structure maintained through regular management offers, the goal is to establish a long-term partnership through a one-time token allocation. This new structure aims to both reduce operational burden and strengthen the alignment of interests between the parties.

Opera’s holdings of CELO assets will allow the company’s incentives to be directly linked to the network’s success. However, to maintain governance balance, Opera’s voting power will be limited to 10% of the total staked CELO.

*This is not investment advice.

Continue Reading: Browser Company Opera Has Purchased a Large Amount of a Surprise Altcoin

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

UK crypto holders brace for FCA’s expanded regulatory reach

UK crypto holders brace for FCA’s expanded regulatory reach

The post UK crypto holders brace for FCA’s expanded regulatory reach appeared on BitcoinEthereumNews.com. British crypto holders may soon face a very different landscape as the Financial Conduct Authority (FCA) moves to expand its regulatory reach in the industry. A new consultation paper outlines how the watchdog intends to apply its rulebook to crypto firms, shaping everything from asset safeguarding to trading platform operation. According to the financial regulator, these proposals would translate into clearer protections for retail investors and stricter oversight of crypto firms. UK FCA plans Until now, UK crypto users mostly encountered the FCA through rules on promotions and anti-money laundering checks. The consultation paper goes much further. It proposes direct oversight of stablecoin issuers, custodians, and crypto-asset trading platforms (CATPs). For investors, that means the wallets, exchanges, and coins they rely on could soon be subject to the same governance and resilience standards as traditional financial institutions. The regulator has also clarified that firms need official authorization before serving customers. This condition should, in theory, reduce the risk of sudden platform failures or unclear accountability. David Geale, the FCA’s executive director of payments and digital finance, said the proposals are designed to strike a balance between innovation and protection. He explained: “We want to develop a sustainable and competitive crypto sector – balancing innovation, market integrity and trust.” Geale noted that while the rules will not eliminate investment risks, they will create consistent standards, helping consumers understand what to expect from registered firms. Why does this matter for crypto holders? The UK regulatory framework shift would provide safer custody of assets, better disclosure of risks, and clearer recourse if something goes wrong. However, the regulator was also frank in its submission, arguing that no rulebook can eliminate the volatility or inherent risks of holding digital assets. Instead, the focus is on ensuring that when consumers choose to invest, they do…
Share
BitcoinEthereumNews2025/09/17 23:52
Dogecoin Price Prediction For 2025, As Analysts Call Pepeto The Next 100x

Dogecoin Price Prediction For 2025, As Analysts Call Pepeto The Next 100x

Traders hunting the best crypto to buy now and the best crypto investment in 2025 keep watching doge, yet today’s […] The post Dogecoin Price Prediction For 2025, As Analysts Call Pepeto The Next 100x appeared first on Coindoo.
Share
Coindoo2025/09/18 00:39
Vistra (VST) Stock Drops 7% as Insider Sales Spook the Market

Vistra (VST) Stock Drops 7% as Insider Sales Spook the Market

TLDR Vistra (VST) stock fell as much as 7.16% as investors reacted to heavy insider selling by the CEO and top executives filed with the SEC. The stock also hit
Share
Coincentral2026/03/21 01:25