In an era defined by rapid technological advancement and contentious debates surrounding digital oversight, President-elect Donald Trump’s recent appointment of David O. Sacks to the position of artificial intelligence and cryptocurrency czar exemplifies a bold approach to U.S. policy-making. Sacks, who previously held the COO position at PayPal and has since made a name for
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With the recent shift in the cryptocurrency market, the price of Ethereum has climbed back above the $3,800 threshold, indicating a 5% uptick over the last 24 hours. This surge in Ethereum’s value is particularly noteworthy given its concurrent performance against Bitcoin (BTC), which has raised discussions among analysts and investors about a possible transition
In recent months, the Tron blockchain has experienced remarkable growth, showcasing its position as a formidable player in the decentralized finance (DeFi) sector. As of December 4, the total value locked (TVL) on the Tron network reached an unprecedented $36.2 billion, a new all-time high that underscores the increasing trust and utilization of its infrastructure.
In response to the evolving challenges posed by digital asset transactions, TRUST, led by Coinbase, has launched TRUSThub—a groundbreaking platform aimed at transforming how Virtual Asset Service Providers (VASPs) share crucial customer data. Announced on December 5, this initiative is designed to facilitate compliance with the Travel Rule, a regulation mandating VASPs to share specific
Circle’s USD Coin (USDC) has achieved a significant regulatory milestone as the first stablecoin to comply with Canada’s new listing standards. This development, announced by Circle’s CEO Jeremy Allaire on December 4, highlights the growing importance of regulatory compliance in the cryptocurrency space. The new regulations, established by the Ontario Securities Commission (OSC) and the
As Bitcoin grapples with its elusive goal of reaching the $100,000 mark, the cryptocurrency market witnesses a dynamic shift with altcoins taking center stage. Leading this charge is Binance Coin (BNB), which has recently catapulted to new heights, achieving an all-time high. In the midst of extremities in market fluctuations, Binance Coin’s remarkable rally has
In a striking assertion, Russian President Vladimir Putin has declared Bitcoin and other digital currencies as imperative for the future of global finance. Speaking at the Investment Forum in Moscow on December 4, he emphasized the potential of Bitcoin in mitigating financial inefficiencies and promoting economic stability while positioning it as a possible global reserve
Launched over two thousand days ago, Pi Network has become a prominent topic within the cryptocurrency community. Despite its lengthy presence and claims to revolutionize mobile cryptocurrency mining, users are still left in anticipation for the official launch of its mainnet and native token. What started on March 14, 2019, as a bold initiative for
In a significant development for global law enforcement efforts, a Russian court has imposed a life sentence on Stanislav Moiseev, the alleged mastermind behind Hydra, an infamous online marketplace for illegal drugs, alongside a hefty fine of four million rubles (approximately $37,500). The court’s decision underscores the growing urgency to crack down on digital drug
Woori Technology, a prominent venture capital firm in South Korea, is reportedly contemplating the sale of its stake in Dunamu, the company behind the popular Upbit cryptocurrency exchange. This move comes as the South Korean crypto market undergoes significant fluctuations, influenced by various economic and political factors. Woori’s decision is particularly intriguing given its original
