Category Archive: Cryptocurrency, No picture
Chinese blockchain company SOS plans $50M Bitcoin purchase
Key Takeaways SOS Ltd. authorized a $50 million Bitcoin purchase reacting to record-high prices. Company aims to enhance competitiveness using quantitative trading strategies. Share this article SOS Ltd., a blockchain and commodity trading company, announced its board approved a $50 million Bitcoin purchase plan.The announcement, coupled with Bitcoin’s resilience, ignited a 100% surge in SOS […]
Tether to end EURT support, focusing on MiCA-compliant stablecoins
Key Takeaways Tether is discontinuing support for its euro-pegged stablecoin EURT due to regulatory changes. Tether will focus on EURQ and USDQ, MiCAR-compliant stablecoins, in partnership with Quantoz Payments. Share this article Tether said Wednesday it will no longer support its euro-pegged stablecoin EURT. Instead, the company is shifting focus to new projects, including stablecoins […]
Ripple backs Bitwise Physical XRP ETP following its rebranding
Key Takeaways Bitwise has rebranded its European XRP ETP, with Ripple planning an investment. The Bitwise Physical XRP ETP is physically backed and approved by German regulators. Share this article Ripple will invest in Bitwise’s XRP exchange-traded product (ETP) following its rebranding. The fund, previously known as ETC Group Physical XRP, is now named Bitwise […]
Federal court declares Treasury sanctions on Tornado Cash unlawful
Key Takeaways A federal court ruled that OFAC’s sanctions on Tornado Cash’s smart contracts exceeded its power. The court found that Tornado Cash’s smart contracts cannot be classified as property of a foreign national or entity. Share this article A US federal appeals court has determined that the Treasury Department’s sanctions on crypto mixer Tornado […]
Trump administration proposes shifting crypto oversight to CFTC
Key Takeaways The Trump administration plans to shift crypto oversight to the CFTC, expanding its authority. The move aims to reduce the SEC’s power over digital assets, providing regulatory clarity. Share this article The incoming Trump administration plans to expand the Commodity Futures Trading Commission’s authority by granting it oversight of a significant portion of […]
Bitcoin strategic reserve bill introduced in Brazil’s Congress
Key Takeaways A Brazilian bill proposes creating a national Bitcoin reserve managing up to 5% of international reserves. The reserve aims to back Brazil’s central bank digital currency using blockchain and AI for transaction integrity. Share this article A Brazilian federal deputy introduced legislation to create a national Bitcoin reserve that would hold up to […]
Changpeng Zhao urges focus on real blockchain apps over meme coin hype
Key Takeaways Changpeng Zhao advocates for focusing on real blockchain applications instead of meme coins. The meme coin sector holds a market capitalization of $116 billion, despite criticism over utility. Share this article Binance’s former CEO Changpeng Zhao urged the crypto community to move away from meme coins and focus on developing real blockchain applications, […]
First-ever Dogecoin ETP debuts in Nordics as Elon Musk boosts interest in the crypto asset
Key Takeaways DeFi Technologies’ Valour launched the first ever Dogecoin ETP on Sweden’s Spotlight Stock Market. DOGE recently hit a three-year high amid broader crypto market activity. Share this article Valour, a digital asset investment subsidiary of DeFi Technologies, announced today the launch of a Dogecoin (DOGE) exchange-traded product (ETP). The fund—first of its kind […]
Pantera Capital hits 1000x milestone as CEO predicts $740K Bitcoin by 2028
Key Takeaways Pantera Bitcoin Fund has achieved a 1,000-fold increase since its inception with returns over 130,000%. Dan Morehead projects Bitcoin could reach $740,000 per BTC due to increasing financial adoption. Share this article Pantera Bitcoin Fund, one of the earliest Bitcoin-focused investment funds, has reached an extraordinary milestone with 1,000x returns, representing a lifetime […]
ASI Alliance unveils ‘ASI: Train’ with $100M brain-inspired robotics model Cortex
Key Takeaways ASI Alliance launches a new program to develop domain-specific AI models for complex challenges in science, medicine, and robotics. Users can stake FET tokens to gain ownership of AI models, which are tradable in secondary markets under a decentralized framework. Share this article The Artificial Superintelligence (ASI) Alliance has launched ASI: Train, a […]
