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Chinese telecom giant Coolpad has announced a significant investment in Bitcoin mining rigs, earmarked for deployment across North America. This strategic pivot follows Coolpad’s earlier initiative to invest in Bitcoin-centric enterprises, signaling robust confidence in the digital currency’s future. Mining rigs are the workhorses of the cryptocurrency world. They perform the critical task of…
Binance Launchpool Releases Project: Saga The Binance Launchpool platform is fast becoming one of the most enticing platforms for crypto investors, due to its already proven track record of supporting and producing stellar crypto projects through its launchpool & launchpad, the latest of which is the Saga project. What is Binance Launchpool? Now, in case…
US Appeals Court Finalizes Forfeiture of Silk Road Bitcoins In a recent development, a US appeals court has officially confirmed the forfeiture of Silk Road Bitcoin which amounts to a total of 69,370 bitcoins and other cryptocurrencies tied to the infamous Silk Road dark web marketplace. The court mandate solidifies the initial judgment made in…
BlackRock, Nasdaq, and SEC Continue Discussions Source: Cointelegraph In the latest development, financial giants BlackRock and Nasdaq, alongside the United States Securities and Exchange Commission (SEC), had their second meeting in December to talk about their application for a Bitcoin exchange-traded fund (ETF). As per an SEC memo, the three parties focused on the…
U.S. House Committee Unanimously Passes Blockchain Bill Source: Yahoo Finance The House Committee on Energy and Commerce made significant strides on Tuesday by unanimously passing a blockchain bill. This legislation entrusts the Secretary of Commerce with the responsibility of advancing the competitiveness of the United States concerning the “deployment, use, application, and competitiveness of…
USDT Tether Market Cap Hits Record $89 Billion In what looks like a drastic but expected shift in the crypto market, fresh capital is now making its way into the cryptocurrency domain, marking the first expansion of the stablecoin market in over 18 months. Notably, USDT Tether Market CAP surged to an unprecedented market cap…
Lugano Residents Can Now Pay Taxes and Bills with Bitcoin and Tether In a big move, the city of Lugano in Switzerland is now allowing people and businesses to pay for city services and taxes using cryptocurrencies like Bitcoin and Tether. Lugano officials announced on December 5th, stating that now everyone can use Bitcoin and…
Coinbase Wallet Unveils Crypto Transfers Features Source: Coinbase Coinbase, a major player in the crypto space, has introduced enhancements to its decentralized Wallet product, prioritizing user-friendly experiences. A standout addition is a novel feature enabling Wallet users to send funds via simple text messages through platforms like Telegram or WhatsApp. This move aligns with its…
JPM Coin News: JPM Coin Set to Transform Interbank Transactions Source: Bitcoin news JPM Coin, the blockchain token utilized by JPMorgan for settling significant same-bank transactions, is now poised for deployment in interbank transactions. The digital asset recently made its debut on Partior, a blockchain ledger developed through collaboration between JPMorgan, DBS Bank, Temasek, and…
India Accelerates Deepfakes Regulations News Source: Cointelegraph In a recent development, India has taken strides in formulating regulations to monitor deepfakes, as disclosed by the country’s Minister for Railways, Communications, Electronics, and Information Technology, Ashwini Vaishnaw, on November 23. The announcement builds upon Prime Minister Narendra Modi’s expressed concerns about the technology a day…
Worldcoin’s Value Decreased by 6% QUICK TAKE Following the announcement of Sam Altman stepping down as CEO of OpenAI, Worldcoin’s WLD token experienced an immediate 6% decline. Over the last 24 hours, the token recorded a total drop of more than 12%, as reported by The Block’s Price Page. The value of the token…
Binance Launches Self-Custody Wallet for Web3 In an amazing development, Binance recognized as the world’s largest cryptocurrency exchange in terms of volume, has introduced a self-custody wallet seamlessly integrated into its native app. The revelation unfolded at the Binance Blockchain Week conference held in Istanbul, Turkey, as conveyed in an official statement by the…
Solana-Based NFT Wallet Backpack Ventures into Regulated Exchange Space Backpack, the NFT wallet app operating on the Solana blockchain, has unveiled its venture into the world of regulated cryptocurrency exchanges with the launch of “Backpack Exchange.” This ambitious move comes after securing a Virtual Asset Service Provider license for Exchange Services from the Dubai…
SafeMoon’s CEO and CTO Arrested Amid Allegations of Misusing Over $200M In a startling turn of events, the U.S. Department of Justice (DOJ) has taken SafeMoon’s CEO, John Karony, and Chief Technology Officer, Thomas Smith, into custody over allegations of massive fraud against their investors. The Securities and Exchange Commission (SEC) is also closely pursuing…
