Michael Saylor Faces Backlash for Endorsing ‘Too Big to Fail’ Banks Over Bitcoin Self-Custody
Michael Saylor, the executive chairman of MicroStrategy, has recently come under fire for his remarks suggesting that Bitcoin custodianship is better managed by “too big to fail” financial institutions rather…
Coinbase Submits FOIA Requests to Uncover Details of U.S. Regulators’ Crypto Policies
Coinbase, a leading cryptocurrency exchange, has escalated its efforts to obtain transparency from U.S. regulatory bodies concerning their treatment of digital assets. Paul Grewal, Coinbase’s Chief Legal Officer, announced on…
Northern Data Plans to Divest Peak Mining to Fuel AI and High-Performance Computing Growth
Northern Data Group, a major player in the technology sector, is considering the sale of its cryptocurrency mining division, Peak Mining, as part of a strategic pivot towards enhancing its…
Coinbase CEO Brian Armstrong Supports Republican Candidates for Senate
Brian Armstrong, the co-founder and CEO of Coinbase, has publicly endorsed several Republican candidates for the United States Senate in the upcoming November elections. Armstrong’s endorsements, shared via his X…
Chainlink Introduces Privacy-Enhanced Blockchain Solutions for Financial Institutions
Chainlink, a leading decentralized blockchain oracle network, has unveiled groundbreaking privacy-enhancing technologies designed specifically for financial institutions engaging in blockchain activities. Announced on October 22, these new features aim to…
Optimism Surrounding U.S. Election Spurs $2.2 Billion Inflows into Cryptocurrency Investment Products
Cryptocurrency investment products have witnessed their most significant inflows since July, reaching a weekly total of $2.2 billion. CoinShares, a leading crypto investment firm, detailed these developments in their Digital…
Japanese Party Leader Proposes Crypto Tax Reforms in Election Campaign
Yuichiro Tamaki, the leader of Japan’s Democratic Party for the People (DPP), has outlined a significant proposal to amend cryptocurrency taxation, promising to reduce the tax on crypto gains to…
Bitcoin Open Interest Surpasses $40 Billion as Price Nears $70,000 Milestone
On October 21, open interest in Bitcoin derivatives reached an unprecedented high, indicating a robust engagement in the market as the price of Bitcoin approached the $70,000 threshold. CoinGlass reported…
Liz Cheney Advocates for Conservative Support of Kamala Harris Amid Abortion Debate
Former Republican Congresswoman Liz Cheney, a long-standing critic of unrestricted abortion policies, has recently pivoted to oppose stringent Republican-imposed bans on the procedure. During a series of events held in…
Vitalik Buterin Proposes Strategies to Address Ethereum’s Staking and Block Production Centralization
Ethereum co-founder Vitalik Buterin has outlined a series of proposals to combat the centralization of block production and staking within Ethereum’s network. These suggestions come as part of the “Scourge”…
Stripe Secures $1.1 Billion Acquisition of Stablecoin Platform Bridge, According to TechCrunch Founder
Payment processing giant Stripe has finalized a monumental $1.1 billion acquisition of the stablecoin platform Bridge, as reported by TechCrunch founder Michael Arrington. This deal marks a significant expansion for…
Policy Recommendations Suggest Taxing or Banning Bitcoin to Sustain Government Deficits
A recent working paper from the Federal Reserve Bank of Minneapolis has ignited a contentious debate by suggesting that assets like Bitcoin should be either taxed or banned to enable…
Tether’s USDT Reaches Record $120 Billion Market Cap, Indicating Potential ‘Uptober’ Crypto Rally
Tether‘s United States dollar-denominated stablecoin, USDT, has reached a new milestone, surpassing a $120 billion market capitalization for the first time on October 20. This achievement is documented on Tether’s…
Substantial Losses for Andrew Tate-Endorsed Memecoins
Most memecoins promoted by controversial social media influencer Andrew Tate have plummeted in value, losing 99% following his endorsement. Tate, who became famous on various social platforms, ventured into the…
Ether Holdings in Accumulation Wallets Surge 65% Since Early 2024
Since the beginning of 2024, Ether (ETH) has seen a substantial increase in its presence in accumulation wallets, with the value of these holdings now exceeding $50 billion. This trend…
Bitcoin Widens Market Cap Lead Over Ethereum to $1 Trillion Amid $68K Trading Price
Bitcoin‘s market capitalization has soared to $1.35 trillion, establishing a significant $1 trillion lead over Ethereum as BTC prices stabilize just above $68,000. This marks a notable milestone in the…
European Central Bank Paper Claims Older Bitcoin Holders Exploit New Investors
A recent paper published by the European Central Bank (ECB) on October 12, 2024, has sparked controversy by claiming that older Bitcoin holders profit at the expense of newer investors.…
Quantum Breakthroughs and Encryption: China’s Progress and Its Implications
Recent developments from Shanghai University have stirred the tech community with claims of breaking RSA encryption algorithms crucial to banking, military, and cryptocurrency applications. Despite the buzz, these claims, as…
Cyprus Halts Crypto Applications in Preparation for EU-Wide MiCA Regulation
The European Union is set to consolidate cryptocurrency regulation under the new Markets in Crypto-Assets (MiCA) framework by December 30, replacing national laws concerning crypto asset service providers (CASPs). The…
Ireland to Implement Urgent Crypto Regulations Ahead of New EU Anti-Money Laundering Directives
Ireland is on the verge of updating its cryptocurrency regulations in response to upcoming Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) standards set by the European Union. The country’s Finance…