Category: crypto

Former Citadel employees Ian Krotinsky and Aashiq Dheeraj raised $17 million for Fin, a stablecoin-based payments app facilitating instant cross-border transfers. The funding, led by Pantera Capital, will support a pilot program next month. Fin aims to challenge big banks with its user-friendly approach and lower fees using stablecoin technology.

Kremlin adviser Maxim Oreshkin suggests classifying Russia’s crypto mining as an export to account for the flow of mined digital assets abroad. Industry estimates show substantial production levels of Bitcoins, with daily income around 1 billion rubles. Legal mining regulations exist, but illegal operations and power theft are costing the state billions.

SkyBridge founder Anthony Scaramucci believes that Solana has the potential to become the global standard for tokenized assets. He compares the current blockchain competition to the early cloud wars and sees Solana as a key player. The cryptocurrency’s price rebound shows strong support, but a breakout above $158 is needed for a trend reversal.

Coinbase shares rose as Bitcoin surged to nearly $94,000, despite a recent downgrade. Strong Q3 earnings and buying from Ark Invest boosted sentiment. The stock closed at $276.92 per share, up over 5%. Investors are looking forward to new products being unveiled on Dec. 17. Coinbase still has ground to recover.

Strategy CEO Fong Lee reassured investors that the company will not sell any of its Bitcoin holdings unless there is a worst-case scenario multi-year collapse. The company has built up a significant cash cushion and increased its BTC holdings to over 650,000. Competition from other financial institutions is mounting, challenging Strategy’s position as a dominant…

Former SEC Chair Gary Gensler remains skeptical of most cryptocurrencies, beyond Bitcoin and stablecoins, calling them speculative assets with little fundamental value. He warns investors of volatility and political narratives, emphasizing the importance of regulation to protect investors while still fostering innovation in the sector.

Ethereum has implemented the Fusaka upgrade to increase transaction processing capacity while maintaining security and decentralization standards. The upgrade includes the EIP-7594 protocol, PeerDAS, which allows nodes to verify block data without downloading everything. This upgrade supports scaling and DeFi growth, helping Ethereum handle millions of daily transactions and maintain its smart contract ecosystem. Ethereum…

Coinbase Institutional’s monthly outlook report suggests that market conditions may favor a reversal in December following Bitcoin’s underperformance in November. The report cites the end of quantitative tightening and potential Fed rate cuts as factors that could unlock sidelined cash into Bitcoin and crypto vehicles. Former hedge-fund manager James Lavish is bullish on Bitcoin due…

Solana Mobile is launching the SKR token in January to support its open mobile ecosystem. The token will be used for staking, rewards, and community security. Seeker phone adoption is growing, with the upcoming Guardians network aiming to decentralize device verification and app review by 2026.

Kalshi has partnered with CNN to bring its prediction data into mainstream media for the first time. The deal includes real-time probabilities across various topics on TV and online. Kalshi also raised $1 billion in funding to expand markets and blockchain integrations, while legal wins further solidify its position in the industry.