Category: Crypto
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Paxos Receives Regulatory Approval to Expand Stablecoin Offering to Solana Blockchain
New York Department of Financial Services (NYDFS) Approves Paxos Paxos has positioned itself as the most regulated stablecoin issuer worldwide, with a proven track record of issuing regulated stablecoins at scale. Fortune Magazine reports that Paxos has received the first trust charter granted to a crypto firm under the NYDFS’s digital asset regulatory framework, established […]
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DOGE Co-founder Blasts SEC Chair as a Figurehead, Citing Lack of Rules
Assessing Gensler’s Claims: Empty Rhetoric or Legitimate Concern? In response to a recent video statement by SEC Chair Gary Gensler, DOGE co-founder Billy Markus has expressed skepticism about the effectiveness of Gensler’s words. Markus suggests that Gensler’s role appears more symbolic than substantive, lacking the delivery of tangible rules and regulations. Gensler’s video highlights the […]
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Bitcoin ETFs in Retirement Plans: The Future of 401(k) Savings and Cryptocurrency
Navigating New Waters: Bitcoin ETFs in 401(k) Plans Around ten asset managers, including industry leader BlackRock, are competing to launch their own spot Bitcoin ETFs. As a result, everyday retirement savers may soon have the opportunity to include Bitcoin in their 401(k) plans or self-directed IRAs, shifting the perception that cryptocurrency investments are solely for […]
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Decentralized Finance Community Votes for Reimbursement of $61M Hack Victims
Reimbursement Approved for Hack Victims On-chain data confirms that the majority of Curve Finance’s community members have approved the disbursement of tokens worth more than $49.2 million to compensate for the losses incurred by liquidity providers in various pools, including Curve, JPEGd, Alchemix, and Metronome. This reimbursement considers the value of Ether (ETH) and CRV […]
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ZK-Rollups: Cheaper and More Efficient as Transaction Volumes Soar
ZK-Rollups and the Decreasing Cost of Proving: To understand the decreasing cost of proving transactions on zk-rollups as transaction volumes rise, it is essential to delve into the mechanics of zero-knowledge proofs and the architecture of these rollups. zk-rollups, such as ZK-STARKs, utilize cryptographic methods to validate transactions off-chain before submitting them to the Ethereum […]
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ETH Prices Poised to Outperform Bitcoin as ETHE Discount Rapidly Closes
Introduction In a recent interview with Ram Ahluwalia, the CEO of Lumida Wealth, he expressed his theory on the potential recovery of ETH prices and why it could outperform Bitcoin. Ahluwalia pointed to the closing discount of the ETHE chart and the shift from ETHE to ETH spot as key factors in this prediction. ETH […]
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Arkon Energy Raises $110M for US Bitcoin Mining Expansion, AI Cloud Service
Expanding in the US and Enhancing AI Cloud Service Project Australian firm Arkon Energy is making strides in expanding its bitcoin mining operations in the United States, just six months after entering the North American market. To fuel this growth, the company has raised an impressive $110 million in a funding round led by Bluesky […]
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SEC admits inaccurate statements, defends freezing crypto startup DEBT Box’s assets
Judge Demands Explanation The actions of SEC lawyers in the case were criticized by Utah’s top federal judge, Judge Robert J. Shelby, in November. He demanded that they provide a basis for their request to freeze DEBT Box’s assets through a restraining order. Specifically, he wanted clarification on the SEC’s claim that the company was […]
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2023 Highlights and 2024 Predictions: DAOs Navigate Hacks, Lawsuits, and Governance
Separation of Powers One notable example is the governance structure of the Token House, which operates on Optimism’s OP token distributed through an airdrop. Through voting, members actively participate in determining protocol upgrades and inflation adjustments. In contrast, the Citizen House adopts an identity-based governance approach to fund Optimism’s retroactive public goods initiative. Individuals contributing […]
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Bearish Scenario for Bitcoin Emerges as Spot Market ETF Approval Sparks Debate
Bitcoin’s Potential Surge to $60,000 A well-known analyst has presented a bearish scenario for Bitcoin (BTC) following the possible green light for a spot market BTC exchange-traded fund (ETF). According to this analyst, if the current position is less favorable than a $32,000 entry, it is inevitable that some pain will be experienced. However, the […]