Samuel Kullmann, a member of the Swiss canton of Bern parliament, passed legislation to explore Bitcoin (BTC) mining as a potential solution to address surplus electricity production in the region. Lawmakers have tasked the Executive Council with preparing a comprehensive report on how Bitcoin mining could utilize unused energy and contribute to stabilizing the electricity …
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The Trump administration is planning to expand the Commodity Futures Trading Commission’s (CFTC) authority to oversee significant portions of the $3 trillion digital asset market, Fox Business reported on Nov. 28. The move would mark a pivotal shift in US crypto regulation, aiming to replace the current enforcement-heavy approach with a more innovation-friendly framework. CFTC …
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Ethereum (ETH) co-founder Jeffrey Wilcke transferred 20,000 ETH, equivalent to over $72 million, to Kraken on Nov. 28. His wallet still holds 106,006 ETH. CryptoQuant’s community analyst Maartunn highlighted that this is the fourth time Wilcke has transferred ETH to Kraken this year, surpassing $147 million. He first moved 4,300 ETH to the exchange on …
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Vaneck, one of the largest investment funds in the U.S., has highlighted the benefits that El Salvador has experienced since President Bukele arrived in office and adopted a bitcoin strategy. Vaneck Celebrates Bukele’s Bitcoin Gambit and His Vision for El Salvador Vaneck, one of the largest asset managers in the U.S., has commended President Nayib …
Dennis Porter, CEO and co-founder of the Satoshi Action Fund, recently stated that he is sure that many nation-states will follow in Brazil’s footsteps, introducing strategic bitcoin reserve regulations. Multiple Strategic Bitcoin Reserve Proposal Would Be in the Works Bitcoin adoption at a nation-state level seems prepared for liftoff. Dennis Porter, CEO and co-founder of …
Bitcoin climbed back to the key $95,000 threshold on Thursday after the release of the personal consumption expenditures (PCE) price index, which came in as expected, according to QCP Capital. Bitcoin and Ether on the Rise The rebound marks a steadying of the crypto market, with bitcoin (BTC) finding a solid foothold at critical levels. …
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The Russian ruble weakened after the U.S. imposed new sanctions on Russian banks. Europe Reduces Reliance on Russian Gas The Russian ruble fell to its lowest level since March 2022 after the U.S. imposed sanctions on 50 Russian banks, further disrupting the inflow of foreign currency into the country. On Nov. 27, the ruble-dollar exchange …
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Gold would be one of the commodities enabling payments between China and Russia. According to market analysts, the abundant Russian gold stash, representing almost a third of the country’s reserves, could be key in sidestepping the current trade difficulties originated by economic sanctions. “While it’s unclear how much of a role gold plays in Russia’s …
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Dragon Ball and One Piece producer’s new blockchain game, Justin Sun is the largest investor in Donald Trump’s WLFI: Asia Express
The founder of the Cardano (ADA) blockchain Charles Hoskinson is leaning bullish on Bitcoin (BTC). Hoskinson says Bitcoin could skyrocket by up to 436% from the current level within two years. According to the Cardano founder, Bitcoin’s surge will be fueled by growing demand. “It is my belief that Bitcoin is going to go to …
New data from market analytics firm IntoTheBlock reveals that over 90% of Ethereum (ETH) holders are now in the green. In a new thread on the social media platform, the crypto intelligence platform says the second-largest digital asset by market cap is unlikely to feel sell pressure from those seeing losses since they hold under …
TRON (TRX) blockchain founder Justin Sun is now an advisor to World Liberty Financial (WLFI), the decentralized finance (DeFi) crypto project backed by US President-elect Donald Trump. In a post on social media platform X, WLFI says Sun’s qualifications will enable him to make significant contributions to the development of the platform. “Justin is the …
Embattled crypto lending platform Celsius is announcing a plan to distribute hundreds of millions of dollars worth of Bitcoin (BTC) and cash to its creditors. In a new thread on the social media platform X, crypto firm Celsius Network – which filed for Chapter 11 bankruptcy earlier this year – says it will hand out …
The private market platform says $15 million in Pump.fun equity is for sale.
The Commodity Futures Trading Commission (CFTC) may reportedly oversee a substantial portion of the $3 trillion digital asset market once President-elect Donald Trump assumes office next year. Citing sources with direct knowledge of the Trump Team’s thinking, Fox Business reports that the incoming administration is eyeing to expand the power of the CFTC to include …
