Day: November 29, 2024

Bitcoin Mining in Bern: Energy Solution?

Switzerland’s Canton of Bern is exploring Bitcoin mining as a potential solution for utilizing surplus energy and stabilizing its electricity grid. The Grand Council approved the initiative on March 14, 2024, with a decisive 85 to 46 vote, despite opposition from the government council. The motion, introduced by the cross-party Parliamentary Group Bitcoin, is part […]

Coinbase Ends USDC Rewards in Europe

Crypto exchange Coinbase has announced it will discontinue its USDC Rewards program for customers in the European Economic Area (EEA) starting December 1, 2024. The move comes as part of the exchange’s efforts to comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations. In an email sent to users on Thursday, Coinbase confirmed the […]

Bitcoin in UK Pensions: Risk or Revolution?

A UK defined-benefit pension scheme has made headlines as the first to allocate part of its assets—3%—to Bitcoin. The decision, branded “deeply irresponsible” by critics, has sparked a heated debate about the role of cryptocurrency in long-term financial planning. Cartwright, the pension specialist advising the scheme, described the move as a “strategic” diversification aimed at […]

Justin Sun Eats $6M Banana

In a surreal blend of conceptual art and cryptocurrency, Tron founder Justin Sun recently ate a banana valued at $6.24 million. The yellow fruit was part of Maurizio Cattelan’s infamous 2019 artwork, Comedian, which features a banana duct-taped to a wall. The piece, sold at a Sotheby’s auction in New York, became a meme icon—and […]

Hyperliquid’s $1B DeFi Airdrop

Hyperliquid, a decentralized perpetuals exchange, is reshaping the DeFi landscape by rejecting traditional venture capital-backed strategies. Instead, the platform is banking on its technology and community-driven ethos to carve its path. On Thursday, the Hyper Foundation announced its HYPE token generation event, set for early Friday at 2:30 AM ET, alongside a significant community airdrop. […]

Hong Kong Eyes Tax-Free Crypto Gains

Hong Kong is advancing its position as a global financial hub by proposing tax exemptions for investment gains on cryptocurrencies and other assets. The Financial Services and the Treasury Bureau outlined the plan in a consultation paper, which seeks to extend capital gains tax exemptions to sophisticated investors, including private funds and family office vehicles. […]