Bitcoin ETF Surge: Mixed Impact on Miners Ahead of Halving
The long-awaited Bitcoin exchange-traded fund (ETF) launch in January has sent Bitcoin prices soaring over the past 50 days. However, for Bitcoin miners, the party seems to have passed them by – with one exception. While investors rejoiced in Bitcoin’s price surge (up 42% year-to-date), shares of several publicly traded mining companies have remained stagnant […]
Binance in Nigerian Crosshairs: Fined or Misunderstood?
A cloud of uncertainty hangs over Binance’s operations in Nigeria, a crucial market for crypto in Africa. Recent events paint a picture of a strained association between the crypto exchange giant and Nigerian authorities, marked by accusations, potential fines, and even the detention of executives. On Friday, confusion erupted when a government official, speaking through […]
Portal Token: A New Gaming Crypto Emerges
The gaming industry is witnessing a monumental shift with the introduction of Portal, a gaming token and cross-chain platform that has recently made its debut. This event has not only excited airdrop farmers and Binance token stakers but has also set a new precedent in the realm of digital currency within the gaming sphere. Portal, […]
Hong Kong Amplifies e-CNY Pilot, Cross-Border Payment Revolution
In a significant move towards digital finance innovation, Hong Kong is set to broaden the experimental scope of e-CNY, China’s central bank digital currency (CBDC), aiming to revolutionize cross-border payment efficiency. This announcement, part of the government’s latest budget, underscores a strategic push to integrate advanced digital solutions within the financial ecosystem. Paul Chan, Hong […]
El Salvador’s Bitcoin Gamble Pays Off: A Defiant Victory Against Critics
El Salvador President Nayib Bukele has taken to Twitter to silence critics of his country’s embrace of Bitcoin (BTC). With a defiant tone, Bukele highlighted that El Salvador would have profited by 40% had it decided to sell its Bitcoin holdings today. This statement underscores the nation’s successful gamble on cryptocurrency, despite widespread skepticism. Bitcoin’s […]
SEC Questions Terraform Labs’ ‘Suspicious’ $166 Million Lawyer Payment
The U.S. Securities and Exchange Commission (SEC) has ignited a new firestorm in the ongoing saga of Terraform Labs and the collapse of its stablecoin, TerraUSD (UST). In a court filing, the SEC challenged the firm’s decision to retain Dentons U.S. LLC as its legal counsel, citing “suspicious” payments totalling $166 million raised for the […]
Balancing Act: Senator Warren’s Call for Crypto Regulation Mirroring TradFi
Senator Elizabeth Warren has recently reiterated her stance on crypto regulation, emphasizing the need for the industry to adhere to the same standards as traditional finance. In an interview earlier this week, the Senator from Massachusetts expressed her willingness to collaborate with the crypto industry while underscoring the importance of maintaining regulatory integrity. Warren’s position […]
Humanity Protocol To Challenge Worldcoin with Funding Boost From Animoca, Polygon
Fresh off a significant funding round, Humanity Protocol has emerged as a potential game-changer in the Web3 identity space. This innovative project proposes a novel approach to establishing one’s digital presence, utilizing palm recognition technology as the foundation for its “proof of humanity” solution. The project has attracted significant backing from industry heavyweights like Polygon’s […]
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