Category: crypto
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Solana co-founder apologizes for controversial ad targeting marginalized groups
Solana Labs co-founder Anatoly Yakovenko expressed regret for downplaying the impact of a controversial Solana Foundation advertisement, calling it “mean and punching down on a marginalized group.” He thanked those in the Solana ecosystem who called it out and committed to refocusing on core mission of decentralization and open-source software development. The ad, titled “America…
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Bitcoin’s on-chain flow is dominated by large value outputs
CryptoSlate Alpha is a membership program that requires a one-time purchase of an NFT using SOL, the native token of Solana. A Solana wallet connection is necessary for the purchase. By joining, users agree to be bound by the terms of their digital wallet provider and the Access Foundation. CryptoSlate is not responsible for the…
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First Solana ETFs in the US set for trading debut on March 20
Volatility Shares will launch the first Solana futures ETF in the US on March 20. The ETFs, SOLZ and SOLT, will offer exposure to Solana futures with expense ratios of 0.95% and 1.85%. The launch follows the trend of crypto-based ETFs and could pave the way for a spot Solana ETF in the future.
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Tom Emmer says 1M Bitcoin reserve will be enacted under current Congress
Congressman Tom Emmer believes that the strategic plan to acquire 1 million Bitcoin will be enacted before the end of this Congress. He also mentioned state-level Bitcoin reserve bills and the interest of the Digital Assets Subcommittee in stablecoins. Legislation to acquire 1 million BTC over 5 years has been reintroduced. President Trump’s executive order…
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Trump’s crypto Czar slams media for misrepresenting divestment as dump
White House advisor David Sacks clarified that he divested, not dumped, his crypto holdings due to government ethics rules after being appointed by President Donald Trump. Media coverage sparked debate about how crypto is portrayed, with some suggesting negative headlines reflect public sentiment and prioritize engagement over accuracy.
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Bitnomial set to launch CFTC-approved XRP futures on March 20, withdraws SEC lawsuit
Bitnomial will launch CFTC-approved XRP futures contracts on March 20 and drop its lawsuit against the SEC. The decision was influenced by the SEC dropping legal action against Ripple. The contracts will be physically settled, providing a new trading instrument for institutional and retail investors. Regulatory clarity in the crypto sector is increasing, following Ripple’s…
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Crypto.com reports record $1.5B revenue in 2024 to become the third largest exchange
Crypto.com achieved $1.5 billion in revenue in 2024, attributed to strong trading activity from its 140 million users. The exchange generated $1 billion in gross profit after expenses and invested $700 million in market expansion. It benefited from Bitcoin’s rally and plans to reinvest in aggressive expansion despite market conditions.
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Curetopia raises $1.77M to drive decentralized biotech breakthroughs using Solana
Curetopia has raised $1.77 million in funding to accelerate treatments for rare diseases using a decentralized biotech model with Solana. The project, supported by over 1,000 contributors, aims to address the underserved rare disease market, with a focus on patient engagement and tokenization. Their recent discovery for AARS2 progressive leukoencephalopathy is a promising step towards…
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North Dakota sets $2,000 daily limit for crypto ATM transactions
North Dakota lawmakers have approved a bill imposing a $2,000 daily transaction limit per user for crypto ATMs to curb fraud and enhance oversight. The bill, if enacted, would require operators to obtain a money transmitter license, use blockchain analytics tools to detect fraud, and provide customer support during specified hours.
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Czech central banker questions Bitcoin’s place as a reserve asset amid volatility concerns
Jan Kubíček, a Czech National Bank board member, has raised doubts about Bitcoin’s suitability as a reserve asset due to legal uncertainty and price instability. He expressed concerns about the need to overhaul the bank’s systems to adopt Bitcoin and highlighted challenges in incorporating it without clear regulations and managing market volatility. Kubíček’s stance contrasts…