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Trump may be the “raging bull” of crypto, yet the EU may have the upper hand
Trump’s Vision for U.S. Crypto: A Challenging Race Against the EU As President Donald Trump resumes his position in office, ambitions for the United States to establish itself as a leading hub for cryptocurrency are considerable. At the recent World Economic Forum in Davos, he outlined an ambitious roadmap to transform America into the "world…
Continue ReadingUpbit Overtakes Binance as the Leading XRP Market in Holdings and Trading Volume
In a noteworthy development within the cryptocurrency arena, South Korean crypto exchange Upbit has positioned itself as the dominant player in the Ripple (XRP) market. Recent data indicates that Upbit not only holds twice the amount of XRP as the industry’s leading exchange, Binance, but also accounts for over 14% of XRP’s global trading volume,…
Continue ReadingArgentine prosecutor aims to freeze assets in LIBRA memecoin fraud case
The investigation surrounding Argentine President Javier Milei and his alleged involvement in the LIBRA cryptocurrency scandal has entered a critical phase. Lead prosecutor Eduardo Taiano has taken decisive steps, requesting the freezing of approximately $110 million in assets associated with the case. This move is intended to mitigate any potential fund dispersal amid the ongoing…
Continue ReadingTrump’s crypto reserve likely to be mostly Bitcoin, bigger than expected: Bitwise
US President Donald Trump’s proposed strategic crypto reserve is drawing attention for its potential composition, with expert opinions suggesting that Bitcoin will dominate the selection. Matt Hougan, chief investment officer of Bitwise, emphasized that despite initial plans to include multiple altcoins, the reserve is likely to consist predominantly of Bitcoin, as its inclusion is perceived…
Continue ReadingUS Customs has started releasing seized crypto miners: Report
U.S. Customs and Border Protection (CBP) has recently begun releasing thousands of Chinese-made cryptocurrency miners that had been held at various ports of entry for months. This development marks a significant shift for the industry, which faced substantial delays that affected operations and supply chains. According to Taras Kulyk, the CEO of Synteq Digital, a…
Continue ReadingDoubleZero’s ‘New Internet’ for Blockchains Nabs $400M Valuation from Top Crypto VCs
DoubleZero Foundation has recently captured attention in the blockchain ecosystem by successfully securing $28 million in funding, placing its valuation at a striking $400 million. This ambitious startup aims to construct a “new internet” optimized for blockchain performance by utilizing a global network of private fiber optic cables, enabling faster and more efficient data transmission…
Continue ReadingBitwise files to list a spot Aptos ETF — the 36th largest cryptocurrency
Crypto asset manager Bitwise is making headlines with its latest move to further diversify its offerings in the rapidly evolving cryptocurrency landscape. On March 5, 2023, Bitwise submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) for a spot Aptos exchange-traded fund (ETF). This initiative comes just eight days after the…
Continue ReadingUS Senate Votes to Repeal IRS DeFi Reporting Rule
In a significant move for the crypto community, the U.S. Senate has voted to reject a proposed rule by the Internal Revenue Service concerning “Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales.” This rule, slated to come into effect for the tax year 2027, would have mandated decentralized finance (DeFi)…
Continue ReadingCanary Capital Files to Launch ETF Tracking Cross-Chain Protocol Axelar (AXL)
Canary Capital, the digital asset-focused investment firm founded by Steven McClurg, formerly of Valkyrie Funds, is set to revolutionize the cryptocurrency investment landscape with its latest initiative: an exchange-traded fund (ETF) designed to track the price of Axelar (AXL). The firm made waves recently by submitting an S-1 filing with the Securities and Exchange Commission…
Continue ReadingBitcoin network used to secure local GOP convention election results
The recent Republican Party Convention in Williamson County, Tennessee, marked a significant moment in the intersection of blockchain technology and electoral processes, as results from the March 4 election were securely recorded on the Bitcoin network. Utilizing a software platform known as Simple Proof, the convention’s election results were immutably stored on the blockchain at…
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