While Useful, Bitcoin Will Not Replace the U.S. Dollar, Russian Analyst Warns
Viktor Pershikov, a Russian expert in financial markets, has explored the opportunities that crypto and bitcoin will bring to Russia following the laws approved recently by President Putin. Pershikov stated that, while some cryptocurrencies present interesting opportunities as payment tools, ultimately, no cryptocurrency can currently substitute for the U.S. dollar. Russian Analyst States Bitcoin Won’t […]
Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada
Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put an end to creating a central bank digital currency in Canada,” he […]
Senate Majority Leader: Bipartisan Crypto Legislation Could Pass in 2024
Senate Majority Leader Chuck Schumer is optimistic about passing bipartisan crypto legislation by year’s end, stressing the importance of collaboration to keep the U.S. at the forefront of innovation. At the “Crypto4Harris” event supporting Vice President Kamala Harris’ campaign, Schumer emphasized the inevitability of cryptocurrency and the need for well-crafted legislation. Schumer Optimistic About Bipartisan […]
Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis
Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave. Iranian authorities claim that unauthorized crypto mining has significantly strained Iran’s power grid, leading to widespread industrial disruptions. A bounty program has been launched to encourage citizens to report illegal mining operations. Iran […]
Goldman Sachs Discloses $418 Million Bitcoin ETF Holdings
Global investment bank Goldman Sachs has reported holdings of $418 million in spot bitcoin exchange-traded funds (ETFs) in the second quarter. Its biggest position is a $238 million stake in Blackrock’s Ishares Bitcoin Trust (IBIT). In contrast, Morgan Stanley reduced its bitcoin ETF holdings. Meanwhile, hedge funds are taking a more aggressive stance in the […]
Chaos Labs Secures $55M Series A Funding to Bolster Defi Risk Management Solutions
Chaos Labs has raised $55 million in a Series A funding round, led by Haun Ventures, to advance its onchain risk management platform for decentralized finance (defi). The company plans to use the funds to further enhance its technology, which automates real-time protocol parameter recommendations to improve the security and efficiency of defi protocols. Chaos […]
Study: Crypto and Bitcoin Lead as Reddit’s Most Mentioned Words in Investment Forums
A recent study by Cyber Metals, a JM Bullion company, analyzed the sentiment, vocabulary, and profanity within popular investment subreddits on Reddit, uncovering distinct trends in how different communities discuss stocks, crypto assets, and precious metals. The findings highlight the unique culture of each subreddit, reflecting the diverse moods and attitudes of online investors. Reddit […]
Food Price Controls in America? Kamala Harris’s Controversial 2024 Strategy Unveiled
Vice President Kamala Harris, according to several reports, has outlined one of her key economic strategies if she wins the presidency in 2024—price controls. Her campaign is advocating for what they describe as the “first-ever federal ban” on food price increases. Despite the price control failures seen in countries like Venezuela, Bolivia, and Argentina, Harris’s […]
Chainlink Integrates Data Streams and VRF on Base Blockchain
Chainlink has expanded its offerings on the Base blockchain by launching its Data Streams and Verifiable Random Function (VRF) services. This development ensures that the full suite of Chainlink products is now accessible to developers using Base, a layer-two (L2) blockchain built on Ethereum. Chainlink Expands Services on Base Blockchain The recent integration of Chainlink’s […]
Web3 Name Service Firm Unstoppable Domains Secures ICANN Accreditation
Unstoppable Domains has achieved accreditation from the Internet Corporation for Assigned Names and Numbers (ICANN), marking its entry as a significant onchain player in the broader domain industry. The accreditation positions the company as the largest ICANN-accredited registrar in the Web3 sector. ICANN Accredits Unstoppable Domains as Largest Web3 Registrar Unstoppable Domains, known for its […]
