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Scott Bessent Opposes U.S. CBDC: Trump’s Treasury Pick Signals Policy Shift
Scott Bessent Rejects U.S. CBDC: Implications for Trump Administration’s Financial Policy – Scott Bessent opposes U.S. CBDC – Federal Reserve exploring CBDCs since 2021 – Potential shift in U.S. financial policy Should the U.S. adopt a central bank digital currency? Scott Bessent, Trump’s Treasury Secretary pick, says no. At his Senate Finance Committee hearing, Bessent […]
Read MoreTrump-Linked WLFI Shifts $59.8M ETH to Coinbase Prime: Routine or Strategic?
Trump’s World Liberty Financial Shifts $59.8M in Ethereum to Coinbase Prime: Routine Move or Strategic Play? World Liberty Financial (WLFI), a DeFi project linked to Donald Trump, transferred $59.8 million in Ethereum (ETH) to Coinbase Prime. This move, tracked by Lookonchain, was described as routine treasury management, not a token sale. Trump, listed as WLFI’s […]
Read MoreMakersPlace NFT Marketplace Shuts Down After Six Years Amid Market Downturn
MakersPlace NFT Marketplace Closes Its Doors After Six Years MakersPlace, a prominent NFT marketplace for digital art, has announced its closure after six years of operation, citing ongoing market challenges and funding difficulties. MakersPlace shuts down after six years in the NFT market. Closure due to market downturn and funding issues. Raised $30 million in […]
Read MoreIdols NFT Project Hit by $324K Smart Contract Exploit: Security Lessons for Blockchain
The Idols NFT Project Loses $324,000 in Smart Contract Exploit In the world of NFTs, where digital art meets high finance, a single flaw can lead to a catastrophic loss. The Idols NFT project recently discovered this harsh reality when it lost $324,000 due to a smart contract exploit. The Idols NFT project lost $324,000 […]
Read MoreTRON’s T3 Unit Slashes Illicit Activity by $6B in 2024: A Closer Look
TRON’s T3 Financial Crime Unit: A $6 Billion Reduction in Illicit Activity in 2024 In 2024, TRON, under the leadership of Justin Sun, made significant strides in combating financial crime, slashing illicit activity by $6 billion through the efforts of its T3 Financial Crime Unit (T3 FCU). Despite this success, TRON remains a hotspot for […]
Read MoreRussian Man Jailed 7 Years for Crypto Support to Ukraine: The Dark Side of Digital Funds
Russian Citizen Jailed for 7 Years for Sending Cryptocurrency to Ukrainian Military: The Dark Side of Digital Funds in Geopolitical Conflicts – Russian man sentenced to 7 years for sending crypto to Ukrainian military. – Cryptocurrency’s role in Russia-Ukraine conflict highlights its dual nature. – Case challenges notions of decentralization and privacy. In a chilling […]
Read MoreBinance Poland Tightens KYC for EU Compliance: Impact on Users and Future Plans
Binance Poland to Adjust Deposit and Withdrawal Procedures for EU Compliance Binance Poland users, prepare to channel your inner accountant. Starting January 20, 2025, new rules will make depositing and withdrawing your crypto as fun as filling out a tax return. These changes are part of a broader effort to comply with the European Union’s […]
Read MoreNasdaq Files for Canary Litecoin ETF: A Step Towards Crypto Mainstream
Nasdaq’s Bold Move: Filing for Canary Litecoin ETF Sparks Crypto Market Buzz Nasdaq’s recent filing of a 19b-4 form for a Canary Litecoin ETF has ignited excitement in the crypto world, marking a significant step towards integrating Litecoin into traditional investment portfolios. This move by the asset management firm Canary aims to offer investors a […]
Read MoreChainalysis Partners with Sui to Boost Blockchain Security and Compliance
Chainalysis Joins Forces with Sui Foundation to Fortify Ecosystem Security Chainalysis, a leading blockchain analytics firm, has partnered with the Sui Foundation to enhance security and compliance within the Sui ecosystem, marking a significant stride towards a more secure digital frontier. Chainalysis partners with Sui Foundation Enhances security and compliance within Sui ecosystem Chainalysis acquires […]
Read MoreCrypto.com Donates $1M for LA Wildfire Relief, Ripple Adds $100K in XRP
Crypto.com Donates $1 Million to Support LA Wildfire Relief Efforts Crypto.com has stepped up to support the Los Angeles community by donating $1 million to aid wildfire relief efforts. This significant contribution will help equip firefighters and first responders, demonstrating the crypto industry’s commitment to real-world impact. Crypto.com donates $1 million for LA wildfire relief […]
Read MorePostFinance Pioneers Ethereum Staking in Switzerland: A Game-Changer for Crypto Banking
PostFinance Launches Ethereum Staking: A New Era for Swiss Banking and Crypto Services PostFinance, a state-owned Swiss bank, has made a bold move into the cryptocurrency space by introducing Ethereum staking services, becoming the first systematically important bank in Switzerland to do so. This development not only underscores the bank’s commitment to digital assets but […]
Read MoreTether’s USDT0 on Kraken’s Ink: A Game-Changer for Cross-Chain Transfers
Tether’s USDT0 Launches on Kraken’s Ink, Revolutionizing Cross-Chain Transfers Tether has launched USDT0, a new cross-chain stablecoin, on Kraken’s layer 2 blockchain, Ink, marking a significant advancement in enhancing USDT’s interoperability and liquidity. Tether launches USDT0 on Kraken’s Ink on January 16 USDT0 uses LayerZero’s OFT standard Aims to improve USDT’s interoperability and liquidity Functions […]
Read MoreGoogle Delists Huione App for Crimes, Apple’s Inaction Raises Questions
Google Delists Huione App Amidst Illicit Activity Reports Google has removed the Huione Guarantee app from its Play Store following allegations of criminal activities, including money laundering and the sale of stolen personal data. Despite this, the app, now rebranded as Haowang Guarantee, remains available on the Apple iOS App Store, raising questions about differing […]
Read MoreDubai’s Crypto Tower: A 17-Storey Hub for Blockchain and DeFi Innovation
Dubai’s Ambitious Leap: The World’s First 17-Storey Crypto Tower Dubai is set to host the world’s first 17-storey Crypto Tower, a groundbreaking project aimed at becoming a global hub for blockchain, Web3, and DeFi. Located in the vibrant Jumeirah Lakes Towers (JLT), this ambitious endeavor promises to blend luxury, security, and cutting-edge technology. Dubai’s Jumeirah […]
Read MoreArgentina’s Corporations Hold 1,300 BTC: Aiming to Follow El Salvador’s Crypto Path?
Argentina’s Corporate Giants Embrace Bitcoin: A Step Towards Becoming the Next El Salvador? Argentina’s leading corporations are making headlines by amassing over 1,300 BTC, signaling a bold move towards integrating cryptocurrencies into the country’s economy. This surge in corporate investment is fueled by President Javier Milei’s pro-crypto stance, raising discussions about Argentina potentially following El […]
Read MoreBlock-Level Warming: Revolutionizing Ethereum with Lower Gas Fees
Block-Level Warming: A Game-Changer for Ethereum Transactions High gas fees on Ethereum can be a real headache, whether you’re a developer deploying smart contracts or a user trying to make a simple transaction. Enter block-level warming, a proposed solution that could be the key to smoother, cheaper, and faster Ethereum transactions. Proposed by Toni Wahrstätter, […]
Read MoreIRS Introduces Form 1099-DA for Crypto Transactions in 2025: Impact on CEXs and ETFs
IRS Unveils New Crypto Transaction Reporting for 2025: What You Need to Know The IRS is set to introduce a new third-party reporting system for cryptocurrency transactions on centralized exchanges (CEXs) in 2025, utilizing Form 1099-DA. This move aims to enhance tax compliance but raises concerns about privacy and the nature of decentralized finance. 2025: […]
Read MoreUpbit Faces Sanctions in South Korea: New Users Risk Six-Month Withdrawal Ban
Upbit Faces Potential Sanctions in South Korea Amid Regulatory Crackdown Imagine waking up to find your new crypto investments locked away for six months. This could soon be a reality for new Upbit users as South Korea ramps up its regulatory crackdown. Upbit, the largest cryptocurrency exchange in South Korea, is under scrutiny for potential […]
Read MoreSEC Settles with Abra for $1.65M Over Unregistered Crypto Lending Violations
SEC Settles with Abra for $1.65M Over Unregistered Crypto Lending Product – SEC charges Abra with operating unregistered crypto lending product. – Abra agrees to $1.65M settlement and permanent injunction. – Regulatory actions signal increased scrutiny in crypto lending space. The Securities and Exchange Commission (SEC) has taken decisive action against Abra, a cryptocurrency lending […]
Read MoreCryptoPunks IP Sale Sparks Backlash: Yuga Labs Proposes DAO to Restore Community Control
CryptoPunks’ IP Sale Sparks Community Backlash: Yuga Labs Proposes Renewal Plan The CryptoPunks community is up in arms over Yuga Labs’ potential move to sell its iconic NFTs’ rights, sparking a fierce debate on the future of digital art ownership. This situation underscores the ongoing tension between creators and their communities in the NFT space. […]
Read MoreGroom Lake’s CEO on Military-Grade Security: Protecting Web3 from Sophisticated Threats
Groom Lake’s Fernando Reyes Jr. on Why Web3 Needs Military-Grade Security Fernando Reyes Jr., the founder and CEO of Groom Lake, a private military corporation focused on Web3 security, stresses the urgent need for military-grade protections in the cryptocurrency sector. Groom Lake aims to combat sophisticated cyber threats, from solo hackers to state-sponsored entities like […]
Read MoreTorram Secures $710K to Revolutionize Institutional DeFi on Bitcoin
Torram’s Pre-Seed Funding Signals a New Era for Institutional DeFi on Bitcoin Torram, a Canadian tech firm, has secured $710,000 in a pre-seed funding round to revolutionize how we use Bitcoin for institutional finance, with a vision to make transactions as simple as sending an email by 2027. $710,000 pre-seed funding round closed Focus on […]
Read MoreReddio’s Parallel EVM Testnet Launches: Boosts AI with 12,000 TPS
Reddio Launches Public Testnet: A New Era of Parallel EVM Powering Autonomous AI Singapore-based blockchain innovator Reddio has launched its public Testnet, introducing the world’s first Parallel EVM (Ethereum Virtual Machine) designed to revolutionize AI capabilities within the decentralized world. This milestone, achieved on January 16th, 2025, promises to redefine the landscape with unparalleled performance […]
Read MoreDecentralized AI: The Ethical Solution to Data Privacy and Control
Decentralized AI: The Ethical Path Forward in Data Collection Max (Chong) Li, the founder and CEO of OORT and a faculty member at Columbia University, argues that decentralized AI is essential for ethical data management in the age of AI dominance. He highlights the critical need to move away from centralized systems, which are prone […]
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