Category: crypto
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Bitcoin, XRP drive $644 million inflow, ending 5 weeks crypto ETP outflow streak
CoinShares’ latest report shows that crypto-related exchange-traded products (ETPs) saw a strong weekly inflow of $644 million, breaking a five-week outflow streak. Bitcoin led the recovery, with $724 million in fresh capital, while XRP also saw significant inflows. Ethereum, however, faced the sharpest decline with $86 million in outflows.
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US Senator submits proposal to end the FED while White House advances Bitcoin reserve buying
President Trump’s recent comments on the Federal Reserve and Senator Mike Lee’s proposal to abolish the central bank could impact Bitcoin’s role in the financial system. Trump urges rate cuts and increased oversight, while Lee advocates for abolition. The administration also plans to establish a Strategic Bitcoin Reserve, potentially reshaping monetary policy.
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Metaplanet ramps up Bitcoin strategy with latest purchase, trading volume beats Toyota
Japan-based Bitcoin investment firm Metaplanet has achieved a record-breaking daily trading volume of ¥50.4 billion after acquiring more Bitcoin. This places the company 13th among Japanese firms in trading activity, surpassing Toyota. CEO Michael Gerovich confirmed the milestone, reflecting rising investor confidence. Metaplanet’s stock has risen over 7% in a day and 41% since the…
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The key to balancing innovation and trust in AI policy
Felix Xu discusses the shift in the U.S. government’s approach to AI, focusing on innovation over regulation. Verifiable AI provides transparency and accountability in AI systems, ensuring trust and reliability without stifling innovation. This technology, utilizing cryptographic techniques, allows for decentralized and privacy-preserving validation of AI outputs, crucial for industries like finance and healthcare.
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Bitcoin’s slowness is a feature, not a bug
The guest post by Brendon Sedo discusses how Bitcoin’s slowness is essential for its security and decentralization. Attempts to increase transaction speed have led to conflicts within the community. The focus should be on leveraging Bitcoin’s security while building innovative applications around its core. This approach will ensure long-term success and durability in the crypto…
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Solana has become a breeding ground for pump and dump memecoin ‘cabals’: Bloomberg
The memecoin craze on the Solana blockchain has attracted high-profile individuals like Donald Trump and Melania Trump, leading to rapid growth but also insider advantage. Memecoins like Bonk, Libra, and Trump’s have depreciated significantly, causing losses for retail investors. Cabals manipulate prices through pump-and-dump schemes, exploiting investors. Retail investors should be cautious with memecoins.
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Japan’s Open House to accept DOGE, SOL and XRP for real estate amid friendlier regulatory climate
Open House Group, a major real estate company in Japan, now accepts XRP, SOL, and DOGE as payment options in addition to Bitcoin and Ethereum. This move reflects a growing trend of crypto adoption in the country’s property sector. Japan’s regulatory environment is also evolving to support crypto usage, potentially encouraging more businesses to follow…
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Pakistan ramps up crypto-friendly efforts with plans for energy-efficient Bitcoin mining
Pakistan is actively pursuing crypto-friendly policies to attract crypto mining operations and blockchain data centers. The Pakistan Crypto Council aims to utilize surplus energy for Bitcoin mining, potentially turning energy liabilities into economic assets. The government is committed to building a transparent financial ecosystem to attract investment and empower youth in the digital economy.
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Why crypto needs privacy to compete with TradFi
Georgi Koreli, CEO & Co-Founder of Hinkal, discusses the flaws of public crypto wallets in terms of transparency, security, and regulatory compliance. He emphasizes the importance of privacy wallets using cryptographic techniques like zk-SNARKs and stealth addresses to protect user information while maintaining the benefits of public blockchains. Privacy is crucial for mainstream adoption and…
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Why hybrid security is the answer
Chris Thomas, Head of Blockchain and Corporate Security at GRVT, discusses the importance of security in the cryptocurrency world. Despite advancements in technology, security breaches and hacks continue to plague the industry, resulting in billions of dollars in losses. A hybrid security model combining centralized and decentralized measures may be the key to reducing risks…