Day: January 13, 2024

Ethereum’s Rise Challenges Bitcoin’s Dominance Post-ETF Approval

The cryptocurrency world is currently witnessing a dramatic shift in dynamics. Ethereum (ETH), once overshadowed by the dominance of Bitcoin (BTC), is now staging an impressive rally. In the days following the much-anticipated approval of Bitcoin’s spot ETF, Ethereum surged by 13.5%, reaching a nine-month high above $2,650, while Bitcoin experienced a surprising 10% dip. […]

Singapore’s New Bill to Increase Oversight of Crypto Financial Products

The Monetary Authority of Singapore (MAS) is set to receive expanded powers through a bill currently before the country’s parliament. This development could significantly alter the operational landscape for crypto firms within the city-state. The proposed Financial Institutions (Miscellaneous Amendments) Bill 2024 specifically targets capital markets services license holders (CMSL holders) who conduct unregulated business. […]

Senator Warren Challenges SEC Over Bitcoin ETF Approval

U.S. Senator Elizabeth Warren has voiced strong criticism against the Securities and Exchange Commission (SEC) for its recent approval of spot Bitcoin ETFs, including those from BlackRock, Grayscale, and Ark Invest. Warren’s critique highlights ongoing concerns about the integration of cryptocurrency into the mainstream financial system and the need for robust regulatory measures. Warren’s Stance […]

Taki Games Embraces Polygon for Play-to-Earn Mobile Gaming Expansion

Taki Games, initially a crypto-powered social app developer on Solana, is making significant strides in the mobile gaming industry by merging with a Web3 studio and acquiring popular games. This strategic shift is highlighted by their transition to Polygon, an Ethereum scaling network, to launch their play-to-earn gaming experiences. Merger, Acquisitions, and Leadership Transition: Taki […]

Taproot Wizards Unveils Quantum Cats on Bitcoin Blockchain

Taproot Wizards, a development team within the Bitcoin community, is set to launch a unique collection of NFTs, named Quantum Cats, on the Bitcoin blockchain. This collection pays homage to an early piece of code developed by Bitcoin’s creator, Satoshi Nakamoto, and showcases the potential of smart contracts and quantum resistance on the Bitcoin network. […]

Hut 8 Boosts Operations with Expanded Coinbase Credit, New Power Plants

Hut 8, a prominent Bitcoin mining company, has significantly expanded its operations by increasing its borrowing capacity with Coinbase to $65 million and acquiring four natural gas power plants in Ontario, Canada. This strategic move marks a notable advancement in Hut 8’s growth and operational capacity in the cryptocurrency mining sector. Enhanced Borrowing Capacity with […]

1inch DAO Hires Legal Counsel from Storm Partners

The 1inch decentralized autonomous organization (DAO) has made a strategic move by voting to hire permanent legal counsel from Geneva-based Web3 solutions provider, Storm Partners. This decision is aimed at helping the DAO navigate the complex legal landscape that comes with its decentralized nature. DAO’s Decision for Legal Support: The DAO community voted overwhelmingly in […]

Karrier One and Sui: Revolutionizing Telecom with Decentralized Tech

Sui and Karrier One have embarked on a groundbreaking partnership to revolutionize the telecom industry through decentralized technology. This alliance aims to provide unparalleled access to digital services for underserved communities, showcasing the transformative potential of decentralized solutions. Sui’s strategic investment in Karrier One focuses on expanding their Decentralized Physical Infrastructure (DePIN) technology. The synergy […]