TLDR: Bitfinity Network launches Bitcoin Layer-2 mainnet with $12 million in total funding Uses Internet Computer Protocol’s Chain Fusion Technology for EVM compatibility Raised $7M from institutional investors and $5M through community OTC sales Introduces Bitgems feature for user engagement rewards Network enables Bitcoin-native DeFi with enhanced security through Chain-Key technology Bitfinity Network has officially …
Yearly archives: 2024
Kraken’s founder Jesse Powell backs Brian Brooks for SEC Chair
Jesse Powell, the founder of Kraken exchange, has voiced strong support for Brian Brooks, the former acting US Comptroller of the Currency, as the next Chair of the Securities and Exchange Commission (SEC). Powell highlighted Brooks’ broad expertise in a Nov. 19 post on X, noting that his understanding extends beyond crypto to the SEC’s …
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MicroStrategy’s Michael Saylor to pitch Bitcoin strategy to Microsoft’s board
Michael Saylor, prominent Bitcoin advocate and founder of MicroStrategy, will present a Bitcoin investment strategy to Microsoft’s board of directors next month. In a Nov. 19 VanEck-hosted X Space, Saylor shared that he has been allotted three minutes to make a case for Bitcoin investment to Microsoft’s board of directors. While Saylor agreed to the …
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President of Digital Assets Commission: El Salvador Is Just Showing ‘Glimpses’ of What’s Coming
Juan Carlos Reyes, president of the Digital Assets National Commission in El Salvador, recently highlighted the work behind the scenes to incentivize and prepare the nation for higher cryptocurrency adoption levels. During an interview, Reyes declared: “If you look at the bigger picture… you only see glimpses.” Reyes stated that even foreign companies that are …
Gemini Foundation Launches BOME, GOAT, MEW, PNUT, and POL Perpetual Contracts With Up to 100x Leverage
The Gemini Foundation, a non-US derivatives platform operated by Gemini, has announced the addition of five new perpetual contracts to its trading platform, allowing users to trade BOME, GOAT, MEW, PNUT, and POL contracts with leverage of up to 100x. While these derivatives products are accessible in select jurisdictions worldwide, they are not available to …
Michael Saylor to Present Bitcoin Investment Proposal to Microsoft Board Amid Shareholder Vote
Microstrategy Chairman Michael Saylor has agreed to deliver a three-minute presentation to Microsoft’s board of directors regarding the potential benefits of investing in bitcoin. During a recent X Spaces event hosted by Vaneck, Saylor revealed that he was approached by the National Center for Public Policy Research (NCPPR), which has been promoting the proposal. Saylor …
Coinratecap Ends Mining, Set for TGE, Presale
PRESS RELEASE. Coinratecap is happy to announce the end of their mining after several months of mining; we are set for Pre-sale on November 20th, 2024. 10:30 pm UTC. Coinratecap started to empower individuals and crypto enthusiasts by offering transparency, tools, and insights into the market. Right from the beginning, the platform’s focus has been …
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The Crypto Cleanup: South Africa’s New Bid to Exit FATF’s Grey List
South Africa’s Financial Intelligence Centre has issued Directive 9, requiring digital asset platforms to collect and store identity information for cryptocurrency transactions. New Rules Force Crypto Platforms to Track User Identities A South African financial intelligence unit has issued a directive obligating digital asset platforms to collect the identities of parties involved in cryptocurrency transactions. …
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Injective Launches Onchain AI Agents for Everyone
Users can design multiple autonomous artificial intelligence (AI) agents using iAgent to achieve specific objectives. One AI Agent to Rule Them All Injective has officially unveiled its latest innovation, iAgent. With the rise of AI agents, iAgent is a software development kit (SDK) that allows users to create and deploy their own onchain AI agents. …
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13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies
Russia’s governmental commission on electricity development approved cryptocurrency mining restrictions on Monday, set to take effect on Dec. 1 with subsequent enforcement covering Nov. 15 to March 15 annually through 2031. Deputy Energy Minister Yevgeny Grabchak confirmed the decision, which targets 13 regions, including Irkutsk, Buryatia, and Transbaikal, excluding Moscow. The extended enforcement periods were …
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$100,000 Bitcoin Likely To Trigger 2025 Altseason, According to Analyst Benjamin Cowen
Popular crypto analyst Benjamin Cowen thinks the $100,000 Bitcoin price point could usher in a shift in focus from BTC to altcoins. Cowen notes in a new interview with David Lin that Bitcoin’s Fear and Greed Index, which tracks market sentiment over time with values ranging from 0 to 100, just surged past 90, which …
Exchange stablecoin ratio hits record low, fueling Bitcoin surge
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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Brazil advances CBDC technology with new cross-chain pilot using Chainlink’s CCIP
The Central Bank of Brazil (BCB) is advancing its central bank digital currency (CBDC) framework initiative by collaborating with Banco Inter, Microsoft Brazil, 7COMm, and Chainlink, according to a Nov. 19 statement. The partnership aims to support trade finance solutions in the second phase of Brazil’s DREX pilot program. This phase will focus on automating …
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Coinbase to delist WBTC, halt trading on Dec. 19
Coinbase will disable Wrapped Bitcoin (WBTC) trading pairs from its exchange and Prime platforms on Dec. 19, citing the token’s failure to meet its listing standards, according to a Nov. 19 announcement. Users will still be able to withdraw their funds past this date. Coinbase did not specify how WBTC falls below its listing standards, the …
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Grayscale’s Bitcoin and Ethereum Mini ETFs See Share Prices Multiply
Grayscale Investments has finalized reverse share splits for its Bitcoin Mini Trust ETF (BTC) and Ethereum Mini Trust ETF (ETH), effective Nov. 19, 2024. These splits adjust share prices relative to their net asset values, with BTC shares increasing fivefold and ETH shares rising tenfold, while reducing the number of outstanding shares proportionally. Fractional shares …
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