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Fold reported a significant increase in its Q4 revenue, driven by the growing popularity of Bitcoin rewards among consumers. CEO Will Reeves anticipates that Bitcoin rewards will eventually surpass traditional air miles in popularity. The company has seen a surge in users and transactions, reflecting a broader trend in the
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The Algorand Foundation has announced a 25% reduction in its workforce due to ongoing macroeconomic uncertainties impacting the cryptocurrency market. This decision reflects the organization's need to adapt to challenging economic conditions and ensure long-term sustainability. The layoffs come as many crypto firms are facing similar pressures, leading
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The SEC has approved Nasdaq's plan to conduct a trial for tokenized trading, marking a significant step in the integration of cryptocurrency with traditional financial markets. This trial will allow selected firms to trade tokenized versions of stocks, potentially enhancing liquidity and market efficiency. Nasdaq aims to leverage
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The U.S. Securities and Exchange Commission (SEC), under former President Trump's administration, dropped several significant crypto cases, including those against Coinbase and Ripple. These cases were pivotal in shaping the regulatory landscape for cryptocurrencies. The SEC's decision to abandon these lawsuits has raised questions about
China
Bitcoin has dropped below $71,000 as market sentiment weakens amid fading hopes for a Federal Reserve rate cut in 2026. This decline in cryptocurrency prices coincides with a downturn in stock markets, which closed at session lows. Investors are increasingly concerned about the potential for prolonged interest rate hikes,
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The Trump White House has registered the domain Aliens.gov, sparking speculation about a potential release of UFO-related files. This move comes amid increasing public interest in unidentified aerial phenomena and government transparency regarding extraterrestrial encounters. The registration of the domain suggests that the administration may be preparing to disclose
China
Fairshake, a cryptocurrency advocacy group, faced a setback in Illinois after its attempt to secure $10 million in state funding was rejected. This marks a significant challenge for the organization, which has been at the forefront of promoting crypto-friendly legislation. The funding was intended to support initiatives aimed at fostering
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The Algorand Foundation has announced a 25% reduction in its workforce amid ongoing layoffs in the cryptocurrency sector. This decision reflects broader challenges faced by the industry, which has seen significant job cuts in recent months. The foundation aims to streamline operations and focus on its core initiatives despite the
China
The U.S. Securities and Exchange Commission (SEC) has approved Nasdaq's plan to support the trading of tokenized securities. This move allows Nasdaq to facilitate the trading of digital assets that represent ownership in traditional securities, potentially enhancing liquidity and accessibility. The approval is seen as a significant
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Kalshi CEO Tarek Mansour has responded to criminal charges filed against him in Arizona, labeling them as a "total overstep." The charges stem from allegations of operating a derivatives exchange without proper licensing. Mansour argues that Kalshi is compliant with regulations and emphasizes the importance of innovation in
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The Federal Reserve decided to keep interest rates unchanged, citing ongoing geopolitical uncertainties that could impact the economic outlook. This decision reflects concerns over inflation and the potential effects of global events on the U.S. economy. Fed officials emphasized the need for caution and indicated that future rate adjustments
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On October 16, 2023, Bitcoin experienced a notable price surge, reaching a peak of $35,000, driven by increased institutional interest and positive market sentiment. Ethereum also saw gains, with its price climbing to $2,200, as developers announced significant upgrades to its network. Meanwhile, regulatory discussions in the U.