Category: crypto

Push Protocol has launched Push Chain, a layer 1 blockchain that connects chains and integrates communication protocols with on-chain transactions. The platform supports interactions across different ecosystems and aims to provide a smooth user experience through wallet and fee abstraction. Developers can create shared-state smart contracts that read wallet data from different chains. The chain’s…

BlackRock suggests a 1% to 2% Bitcoin allocation in multi-asset portfolios to match risk levels of technology stocks. The firm warns that beyond 2%, Bitcoin’s volatility could overshadow other components. Institutional adoption and BlackRock’s iShares Bitcoin Trust have fueled Bitcoin’s growth, reshaping debates about prudent exposure and portfolio construction.

: The Australian Securities and Investments Commission fined Bit Trade, operator of the Kraken exchange, $5 million for unlawfully issuing a credit facility. The company offered a “margin extension” product without meeting regulatory requirements, leading to significant compliance violations. The penalty serves as a warning to other firms about neglecting compliance.

In November, venture capital funds invested nearly $800 million in crypto startups, with infrastructure projects receiving the most funding. The blockchain gaming sector raised $71 million, while DeFi saw a 31% increase in funding. Notable rounds included Monkey Tilt, Zero Gravity Labs, Canaan Creative, USDX Money, World Financial Liberty, and StakeStone.

Riot Platforms, a Bitcoin miner, completed a $525 million senior note offering to institutional investors. The notes mature in 2030 with a 0.75% interest rate and provisions for conversion into Riot’s common stock. The funds will fuel the company’s Bitcoin acquisition strategy, increasing its holdings to 12,000 Bitcoin valued at $1.2 billion.

Bitcoin briefly surpassed the $101,000 threshold following a 3% surge after November’s CPI numbers. Investors are confident with a 98% chance of a rate cut by the Federal Reserve. Despite volatility, Bitcoin’s corrections may remain limited due to growing demand from ETFs and institutional accumulation. The wider crypto market also saw gains.

State Auditor Andrew Sorrell has proposed that Alabama create a strategic Bitcoin reserve to attract crypto-focused businesses and establish the state as a pioneer in the digital asset space. Sorrell believes that investing in Bitcoin would position Alabama for long-term gains and prepare for the future. Other states, such as Florida and Pennsylvania, are also…

Hong Kong lawmaker Johnny Ng questioned if the government is considering Bitcoin for investment. He emphasized Bitcoin’s global recognition and decentralized nature, despite risks. Ng suggested integrating digital assets into fiscal reserves and exploring the impact of foreign countries adopting Bitcoin. The government aims to balance innovation and regulation in the crypto sector.

Coincheck Group, parent company of Coincheck crypto exchange, starts trading on Nasdaq on Dec. 11 after merging with Thunder Bridge Capital. Shareholders approved the merger on Dec. 5. Oki Matsumoto attributes success to Japan’s foundation and US capital markets. Merger generates $31.6 million in gross proceeds. Coincheck is the second publicly listed dedicated crypto exchange…

The U.S. Securities and Exchange Commission charged three Nigerian nationals with impersonating securities brokers and investment advisers to defraud investors of over $2.9 million in a scheme involving digital assets. The defendants used voice-modification software and fake websites to gain trust, prompting victims to invest in fake accounts with promised returns. Regulatory units are increasingly…