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Crypto.com has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank charter. This approval allows the company to offer a range of banking services, including custody for digital assets. The charter is part of Crypto.com's strategy
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Ethereum founder Vitalik Buterin has been actively selling his holdings of Ether (ETH), with recent transactions totaling approximately $700,000. This selling spree has raised concerns among investors about the potential impact on the market. Buterin's sales come amid a broader trend of increased selling pressure in the
China
Bitcoin's recent rebound has lost momentum as broader market pressures from software and private equity declines negatively impact both stocks and cryptocurrencies. The cryptocurrency experienced a drop, reflecting a broader trend of risk aversion among investors. Concerns over economic stability and rising interest rates have contributed to this
China
A Hong Kong investor has publicly addressed their $436 million stake in BlackRock's Bitcoin ETF, which has generated significant controversy in the cryptocurrency community. The investor, who remains anonymous, clarified their investment strategy and expressed confidence in the long-term potential of Bitcoin. This substantial investment has raised questions
China
Sam Altman, CEO of OpenAI, argues that human existence is as wasteful as the energy consumption of AI data centers. He highlights the significant environmental impact of both human activities and the operation of AI technologies. Altman suggests that the debate over AI's energy use should also consider
China
Solana Company is developing high-speed infrastructure to enhance the scalability and performance of its blockchain, aiming to position the SOL cryptocurrency for the anticipated next market "super cycle." The initiative focuses on improving transaction speeds and reducing costs, which are critical for attracting more developers and users to
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Satlantis has launched a Bitcoin-native ticketing platform that integrates built-in Lightning wallets, allowing users to purchase tickets using Bitcoin seamlessly. The platform aims to enhance the event ticketing experience by offering faster transactions and lower fees through the Lightning Network. Users can manage their tickets and payments directly within the
Stablecore has integrated with Jack Henry, a financial technology provider, enabling access to stablecoins for 1,600 banks in the U.S. This integration aims to facilitate the adoption of digital currencies in traditional banking systems. By leveraging Jack Henry's infrastructure, banks can offer stablecoin services to their
On February 23, 2023, analysts provided price predictions for various cryptocurrencies and financial indices, including Bitcoin (BTC), Ethereum (ETH), and XRP. The S&P 500 (SPX) and the U.S. Dollar Index (DXY) were also discussed, with expectations of market fluctuations impacting crypto prices. Bitcoin is anticipated to face
Australian police have charged a man in connection with a $3.5 million cryptocurrency investment scam that targeted elderly victims. The suspect allegedly deceived individuals into investing in a fake crypto trading platform, promising high returns. Authorities reported that many victims lost their life savings due to the scam. The
Standard Chartered forecasts that stablecoins will accumulate $1 trillion in U.S. Treasury bills by 2028. This growth is driven by increasing adoption of stablecoins in the financial ecosystem, particularly as a means for investors to access safe-haven assets. The bank highlights that the demand for stablecoins is expected to
BitMine Immersion acquired $98 million worth of ether last week, despite facing significant financial challenges. The company's losses have now exceeded $8 billion, highlighting the ongoing struggles in the cryptocurrency market. This acquisition comes amid a broader downturn affecting many crypto firms. BitMine's actions reflect a
The U.S. Supreme Court has ruled against former President Donald Trump's tariffs on imported solar panels, stating that the tariffs were improperly implemented. This decision is expected to have significant implications for the solar industry, potentially lowering costs for solar panel imports and promoting renewable energy development.
The CoinDesk 20 index experienced a decline over the weekend, while AAVE saw a modest increase of 1.7%. This performance update highlights the contrasting trends within the cryptocurrency market, with AAVE standing out amidst a generally lower index. The overall market sentiment appears to be bearish, affecting various cryptocurrencies.
Elliptic has reported that several cryptocurrency platforms linked to Russia are continuing to evade international sanctions imposed due to the country's actions in Ukraine. The analysis highlights that these platforms are facilitating transactions that undermine the effectiveness of the sanctions. Elliptic's findings suggest that the use
Curve Finance founder Michael Egorov emphasized the need for decentralized finance (DeFi) projects to move away from relying on token emissions and instead focus on generating real revenue. He argued that the current model, which heavily incentivizes liquidity through token rewards, is unsustainable and could lead to long-term issues in
Revolut has confirmed that a former employee threatened to leak sensitive Know Your Customer (KYC) data in exchange for a ransom related to cryptocurrency. The company reported the incident to law enforcement and is cooperating with an ongoing investigation. Revolut emphasized that no customer funds were compromised and that the
On October 12, 2023, Bitcoin experienced a notable price increase, reaching a new high of $35,000, driven by growing institutional interest and positive market sentiment. Ethereum also saw gains, surpassing $2,000, as developers announced significant upgrades to its network. Meanwhile, regulatory discussions in the U.S. continued to
Vitalik Buterin has expressed strong support for a new upgrade aimed at enhancing censorship resistance within the Ethereum network. This upgrade is designed to prevent any single entity from controlling or censoring transactions, thereby promoting decentralization and user freedom. Buterin emphasized the importance of maintaining Ethereum's core values