December 13th, 2024 – Dubai, United Arab Emirates Bybit, the world’s second-largest cryptocurrency exchange by trading volume, continues to reinforce its commitment to transparency and regulatory compliance. In response to evolving regulations, Bybit has made the difficult but necessary decision to temporarily adjust the availability of its products and services within the European Economic Area …
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Ukrainian legislators are reportedly likely to approve a proposed law that will legalize cryptocurrency in the country. Citing a statement from Danylo Hetmantsev, chairman of the unicameral parliament Verkhovna Rada’s Financial, Tax and Customs Policy Committee, the Ukrainian online newspaper Epravda reports there is a high probability that Ukraine will legalize cryptocurrency in the first …
Continue reading “Ukraine Primed To Legalize Cryptocurrency in the First Quarter of 2025: Report”
December 13th, 2024 – Dubai, United Arab Emirates Prosper, a decentralized protocol democratizing access to Bitcoin mining by tokenizing institutional-grade Bitcoin hashrate as omnichain real-world assets (RWA), today announced the acquisition of over 7,000 ASIC miners from BITMAIN along with the successful closing of its strategic funding round. Backed by Metalpha, Waterdrip Capital, BIT Mining, …
Congressman French Hill, the newly elected chair of the House Financial Services Committee, has unveiled plans to tackle crypto regulations and reignite public market growth In a Dec. 13 CNBC interview, Hill emphasized the need to end regulatory confusion that has hindered the growth of digital assets. His priorities mark a shift toward fostering innovation …
The Cardano Foundation (CF) has regained control of its official X account after it was compromised in a hacking incident. The breach, which occurred on Dec. 8, saw the account misused to promote a fraudulent ADASOL token. The attackers also spread fabricated claims about the Foundation, claiming the organization faced legal action from the US …
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Solana has claimed the top spot as the preferred blockchain ecosystem for new developers, eclipsing Ethereum’s dominance for the first time in nearly a decade. A report by Electric Capital highlighted that 7,625 new developers joined the Solana network in the past year, marking the first time any blockchain ecosystem has surpassed Ethereum in developer …
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The Eigen Foundation has committed 1% of its EIGEN token supply to the Protocol Guild, a group dedicated to Ethereum Layer-1 research and development. According to CryptoSlate data, the EIGEN token has a total supply exceeding 1.6 billion. With this pledge, the Protocol Guild could receive up to 1.6 million EIGEN tokens, valued at approximately …
Bitcoin’s price is holding steady at $101,056 per coin, signaling a phase of stabilization as traders analyze conflicting indicators from oscillators and moving averages across various timeframes. Bitcoin On the 1-hour chart, bitcoin is in a consolidation pattern with a mild upward trend after tumbling from $102,582 to $99,250. The $99,000-$99,500 range has shown dependable …
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Florida’s Chief Financial Officer (CFO) Jimmy Patronis has announced an ambitious initiative to assess the viability of using gold and silver bullion as legal tender in the Sunshine State. Florida’s Golden Shield: Fighting Inflation and CBDCs With Precious Metals According to the state’s CFO, Jimmy Patronis, the study, led by the Florida Department of Financial …
Bitcoin has reached a historic $100,000 milestone, Glassnode reports, marking a pivotal moment in its evolution with over $131 trillion in transaction volume, a $2 trillion market cap, and increasing institutional adoption. Bitcoin’s $131 Trillion Journey According to Glassnode’s latest onchain report, bitcoin (BTC) has crossed a monumental threshold, reaching $100,000 per coin on Dec. …
PRESS RELEASE. Advancements in quantum computing are poised to undermine the foundations of traditional encryption, as highlighted by recent research. A pressing question arises: how can data security be maintained in the face of this quantum revolution? Encryption methods once considered unbreakable, such as AES-256, are now at significant risk. Quantum computers, with their capacity …
U.S. spot bitcoin and ethereum ETFs enjoyed another positive inflow day bringing in $597.57 million and $273.67 million respectively. Bitcoin and Ethereum ETFs Continue Momentum with Solid Inflows Bitcoin and ethereum exchange-traded funds (ETFs) maintained their inflow streak with another day of solid inflows into both ETFs. According to metrics from sosovalue, inflows totaling $597.57 …
A recent report by Electric Capital found that Solana became the ecosystem that attracted the most new developers in 2024, overtaking Ethereum. The report calculated that 7,525 developers joined the Solana ecosystem this year, while Ethereum registered 6,456 during the same period. Solana grew its developer base by 83% year-over-year, while Ethereum lost 22%. The …
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PRESS RELEASE. Merlin has emerged as a pioneer in the Bitcoin ecosystem, driven by a consumer-focused approach and the dynamic meme-driven culture. By aligning cutting-edge technology with the viral appeal of meme narratives, Merlin is unlocking new applications and value propositions for Bitcoin. Among the various Bitcoin Layer 2 projects, Merlin stands out with its …
Rep. French Hill, a staunch supporter of the crypto sector, secured the House Financial Services Committee chairmanship on Thursday. Hill (R-Arkansas) will take the reins from fellow GOP lawmaker Patrick McHenry (R-North Carolina), who didn’t seek reelection this year. McHenry is also a vocal digital asset advocate. Hill has an “A” rating from Stand With …
