In his recent statement, Argentina President Javier Milei advocated his support for Bitcoin and other other currencies to be used in Argentina. Milei’s statement was in response to Gabor Gurbacs, former Director of Digital Asset Strategy at VanEck, who replied to his tweet with “Bitcoin for all.” Milei affirmed that his administration would support free …
Argentina President Javier Milei advocates Bitcoin use Read More »
In a remarkable turn of events, NVIDIA’s market capitalization has soared past tech giants Microsoft and Apple, reaching an impressive $3.33 trillion. This surge is largely attributed to the burgeoning demand for artificial intelligence (AI) products, which have become a cornerstone in various industries since 2023. The success of NVIDIA’s data center category, witnessing a …
NVIDIA Hits New Highs: Blockchain Based AI Projects Read More »
The US Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0 and will not pursue legal action regarding ETH sales as securities transactions, according to a recent announcement from Consensys. Despite this positive development, Consensys emphasized the ongoing need for clear regulatory guidelines, especially for services like MetaMask Swaps and Staking. The …
As summer approaches in North America, a potential decline in Bitcoin hashrate is anticipated. The intense heatwaves characteristic of this season may force Bitcoin miners to scale back their operations. This situation provides an interesting dynamic in the already volatile world of Bitcoin mining. The Impact of Summer Heatwaves Post-Halving Profit Squeeze The recent halving …
Victims of the FTX collapse have petitioned a New York court to declare that the crypto exchange’s forfeited assets, valued at around $8 billion, should be returned to its customers rather than becoming part of the bankruptcy estate. This request highlights the ongoing struggle between the exchange’s users and the bankruptcy proceedings over the rightful …
Tether Introduces Alloy, Merging Digital Currency with Gold Stability Tether has launched Alloy, a new asset combining digital currency with the stability of gold. Users can mint aUSDT using Tether Gold (XAUT) as collateral, facilitating digital payments. This represents a significant step in real-world asset tokenization, focusing on gold-backed assets. Tether Launches Alloy by Tether …
Tether Introduces Alloy, Merging Digital Currency with Gold Stability Read More »
Australian Securities Exchange, the largest stock exchange in Australia has approved its first spot Bitcoin ETF which will be live from 20th June 2024.
The Financial Intelligence Unit-India (FIU-India), responsible for analyzing suspicious financial transactions, has received requests from four more offshore crypto exchanges to resume operations in India, according to a senior government official. At the start of 2024, India had banned nine crypto exchanges for non-compliance with anti-money laundering laws. The FIU lifted the ban on Kucoin …
India’s FIU receives resume request from four exchanges Read More »
Paxos, a regulated stablecoin issuer, is laying off 65 employees, amounting to 20% of its workforce. This decision follows the recent launch of Paxos International’s yield-bearing stablecoin, USDL. Workforce Reduction and Financial Health Bloomberg reported the layoffs, revealing the information through an email obtained by Olga Kharif. Paxos CEO Charles Cascarilla addressed the layoffs, emphasizing …
Paxos Reduces Workforce by 20% After New Stablecoin Launch Read More »
OkayCoin crypto exchange launched in South Korea. In a press release on 15th June, the project said it is an attempt to cater to the growing staking demand in S.Korea. South Korea, known for its high cryptocurrency adoption rates, is a lucrative market for crypto exchanges but has faced regulatory challenges and market volatility. The …
