Category: crypto

Over the weekend, President-elect Donald Trump announced two key appointments in support of the crypto industry. Economist Stephen Miran was nominated to lead the Council of Economic Advisors, focusing on economic expansion and prosperity. Bo Hines was named Executive Director of the Crypto Council, aiming to drive growth and innovation in the digital asset sector.

Tech innovations like AI, cryptocurrency, quantum computing, and VR are reshaping modern life, but they require significant computing power leading to unsustainable energy use. The Environmental Toll of Idle Hardware discusses the negative impact of unused computing power on the environment and the potential solutions offered by decentralized GPU rentals. These rentals can not only…

SpaceX uses stablecoins to avoid foreign exchange risks by collecting payments in stablecoins from customers in long-tail countries and converting them to dollars in the U.S. This method could become the primary way for cross-border transactions in the U.S., competing with traditional financial institutions and reducing costs for transfers. Elon Musk’s companies, like Tesla and…

aelf, a leading AI-enhanced Layer 1 blockchain, has launched aevatar intelligence, a no-code framework for AI agents. The framework, open-sourced, allows users to easily create and deploy powerful AI agents on the aelf blockchain. This innovation aims to simplify AI development, foster collaboration, and enhance dApps within the aelf ecosystem.

Marathon Digital Holdings is using excess heat from Bitcoin mining to provide heating for 80,000 residents in Finland, with plans to expand to more. The company’s district heating technology efficiently channels heat to warm homes, reducing environmental impact. Additionally, Marathon recently acquired a wind farm in Texas to strengthen its renewable energy portfolio.

Under a new US Securities and Exchange Commission administration, changes to crypto exchange-traded funds (ETFs) like in-kind redemptions and staking for Ethereum products may happen soon. SEC Commissioner Hester Peirce, known as “Crypto Mom,” is open to reconsidering these changes to make crypto products more useful for investors. Bloomberg analysts predict a wave of crypto…

Tether Limited plans to invest $775 million in video-sharing platform Rumble to boost decentralization efforts. Despite the investment, Rumble CEO Chris Pavlovski will maintain control. The deal is expected to close in the first quarter of 2025. Tether aims to diversify beyond stablecoins into various industries like AI and renewable energy.

The EU’s upcoming crypto regulations, part of the MiCA framework, will require stablecoin issuers like Tether to obtain e-money licenses, leading to USDT’s delisting from EU exchanges. This move is expected to disrupt liquidity, increase costs for investors, and potentially drive traders to less regulated jurisdictions, impacting Europe’s competitiveness in the global crypto market.

Coinbase predicts key trends for 2025 include tokenization, DeFi resurgence, and pro-crypto regulation in the US. The exchange anticipates a pivotal year for US crypto legislation, with bipartisan support and initiatives like a Strategic Bitcoin Reserve. Globally, jurisdictions are also building frameworks to foster innovation, with the tokenization market projected to reach $30 trillion. Decentralized…

Shiba Inu has partnered with Chainlink to improve cross-chain functionality and data integration in its ecosystem. This collaboration integrates Chainlink’s CCT standard and CCIP into Shiba Inu’s network, allowing SHIB, LEASH, and BONE tokens to operate seamlessly across 12 blockchains. This partnership enhances the utility and reliability of Shibarium and enables innovative multi-chain applications within…