Category: crypto

New Hampshire State Representative Keith Ammon introduced a bill to create a strategic reserve of digital assets with a $500 billion market cap, including stablecoins and Bitcoin. The bill also allows for investments in traditional precious metals and proposes staking and lending digital assets. Other states are also considering similar legislation.

Three Russian nationals were indicted by a federal grand jury in Georgia for operating crypto mixers used to launder funds from cybercrime. Roman Ostapenko and Alexander Oleynik were arrested, while Anton Tarasov remains at large. The platforms, Blender.io and Sinbad.io, were used by state-sponsored hacking groups. International cooperation was crucial in the investigation.

Federal Deposit Insurance Corporation (FDIC) interim Chair Travis Hill acknowledged the agency’s role in “debanking” crypto firms, calling the practice unacceptable. He criticized the FDIC’s cautious approach to crypto and called for clear guidance on permissible activities. Hill urged regulators to end debanking practices and emphasized the need for a balanced approach to bank supervision.

Short-term retail traders account for 86% of Bitcoin’s recent sell-off, with high exchange inflows from day traders indicating that short-term trading activity is the main driver of price volatility.

Vitalik Buterin, co-founder of Ethereum, expressed concerns about the dangers of unchecked AI programs creating self-replicating intelligent entities that could pose risks to humanity. He proposed focusing on AI systems that complement human intelligence and introduced the concept of Decentralized and Democratic Differential Defensive Acceleration (d/Acc) to empower communities in defending against AI threats.

Tether, a stablecoin issuer, is expanding into AI filmmaking by hiring professionals in the field. The company aims to create engaging short films and videos to showcase products and enhance its brand vision. Tether’s CEO highlighted the strategic value of incorporating AI into operations and is recruiting for various AI-related roles globally. Despite challenges in…

CryptoQuant suggests that the US government’s sale of $6.5 billion in Bitcoin from Silk Road would not significantly impact the market if sold through over-the-counter desks. Despite concerns, the dormant stash has not caused market volatility. Short-term holders selling caused a 15% price drop, but long-term outlook remains positive.

The UK Treasury has amended the Financial Services and Markets Act 2000 to exclude crypto staking from being classified as a collective investment scheme, effective January 31. Staking Ethereum and Solana will now be recognized solely as a process for blockchain validation, not subject to stricter regulations. This move aligns with the UK’s strategy to…

A Santiment report published on Jan. 9 reveals mixed sentiment in the crypto market, with varying levels of optimism and skepticism for major digital assets. Bitcoin and BNB have neutral sentiment ratings, while Ethereum and Dogecoin face bearish sentiment. XRP and Solana show bullish sentiment. The report advises investors to adopt contrarian strategies to navigate…

CleanSpark, a Bitcoin mining firm, has reached a milestone of 10,097 BTC in its corporate treasury, sourced from its US-based mining operations. This represents a 236% increase compared to the previous year, making it the fourth-largest corporate Bitcoin holder globally. The company attributes this achievement to strategic planning and operational efficiency. Corporate interest in Bitcoin…