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522 articles
Massachusetts Proposes Bitcoin Strategic Reserve Bill
In a latest development, Republican Senator Peter Durant of Worcester County, Massachusetts, has introduced legislation aimed at establishing a Bitcoin strategic reserve. Notably, the Worcester County native joined Texas, Pennsylvania, and Oklahoma as states considering similar bills. Also, Massachusetts is the first traditionally Democratic state to consider legislation allowing cryptocurrency investments. The proposal suggests using …
Nidhi Kolhapur·18 Jan 20251 min
Short NewsTether Unveils USDT0: A Game-Changer for Stablecoins”
Tether, the world’s largest stablecoin creator, has announced USDT0, marking a major step in its mission to revolutionize global finance. With over $140 billion in market value, Tether claims it has fulfilled crypto’s promise by banking the unbanked and building essential financial infrastructure. In a recent statement, Tether hinted at USDT0 as the next evolution …
Mustafa Mulla·17 Jan 20251 min
Phantom Wallet Secures $150M in Funding, Hits $3B Valuation
Phantom, a leading crypto wallet provider, has raised $150 million in a Series C funding round, achieving a $3 billion valuation. The round was led by Sequoia Capital and Paradigm, with support from Andreessen Horowitz and Variant. CEO Brandon Millman highlighted the company’s mission to make crypto accessible and safe, noting that the funds will …
Mustafa Mulla·17 Jan 20251 min
Short NewsTrump’s World Liberty Fund Moves Millions in Ethereum to Coinbase
In the past 48 hours, Trump’s World Liberty fund has transferred a staggering 14,611 ETH, worth $47.34 million, to Coinbase. This includes a recent deposit of 1,038 ETH, valued at $3.44 million, made just three hours ago. The transactions were made at an average price of $3,240 per ETH, showcasing significant activity. Despite these large …
Mustafa Mulla·17 Jan 20251 min
Nasdaq Submits 19b-4 Form for Canary Litecoin ETF
In a latest development, Nasdaq has submitted a 19b-4 form to the US SEC for the proposed Canary Litecoin ETF. Notably, this filing initiates the official review process for the approval of a spot Litecoin ETF. Notably, the 19b-4 filing is the first official step to get the SEC’s approval on ETFs. This filing therefore …
Nidhi Kolhapur·17 Jan 20251 min
Binance Poland To Introduce Changes To Withdrawal and Deposit Procedures
In a latest develoment, to prepare for EU regulatory requirements and in accordance with local guidance, Binance Poland will gradually introduce changes to crypto withdrawal and deposit procedures. Users will be required to provide additional information for transactions above €1,000 or its equivalent. For deposits, users must supply the sender’s details, while for withdrawals, they …
Nidhi Kolhapur·16 Jan 20251 min
Short NewsBitget Research Reveals Growing Preference for Crypto Pensions Among Gen Z and Alpha
A recent study shows that 20% of Generation Z and Alpha prefer crypto pensions, highlighting growing confidence in the cryptocurrency market among younger generations. Research by crypto exchange Bitget reveals that young people are incorporating crypto funds into their long-term retirement plans, moving away from traditional pensions in favor of tech-driven solutions that better align …
Nidhi Kolhapur·16 Jan 20251 min
Avalon Labs’ Airdrop Registration Exceeds 3 Million Registrants In A Day
Avalon Labs, the issuer of a Bitcoin stablecoin, announced that their airdrop registration event, which lasted just one day, attracted over 3 million registrants and 18 million page visits. Currently, Avalon Labs’ airdrop registration is still ongoing. As a leading financial infrastructure platform in the BTCFi field, Avalon Labs has surpassed a total locked value …
Nidhi Kolhapur·16 Jan 20251 min
SEC Appeals Court Ruling on XRP, Seeks to Redefine Investment Contracts
The SEC has officially appealed a recent court ruling regarding XRP, challenging the decision that transactions involving XRP purchased by public investors don’t qualify as “investment contracts” under the Howey test. The district court had ruled that the lack of clarity on whether Ripple was the seller meant these transactions didn’t meet the criteria. Now, …
Mustafa Mulla·16 Jan 20251 min