Category: crypto
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Putin says Bitcoin is inevitable, endorses BTC over US dollar as global reserve currency
Bitcoin ETF options are a new tool for risk management and speculation in the crypto market. CryptoSlate’s market report explores their role and potential impact on institutional crypto trading.
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Australia’s ASIC explores stablecoins, wrapped tokens in new crypto framework
ASIC is seeking public feedback on proposed changes to its crypto regulation framework. The updates aim to clarify the classification of digital assets under current law, including exchange tokens, NFTs, memecoins, and tokenized assets. ASIC is also considering adding stablecoins and wrapped tokens to the list of classified financial products. The regulator is reviewing the…
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Coinbase faces backlash over discouraging VPN access due to security concerns
Coinbase, the largest US-based exchange, received backlash from the crypto community for restricting users from accessing accounts using VPNs. The company’s risk model views VPN usage as a red flag for malicious activity. While some defend Coinbase’s stance as anti-fraud measures, others argue that VPNs are essential for privacy and security.
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Missouri Senate introduces bill to disqualify CBDCs as legal tender
The Missouri Senate introduced SB 194 to ban central bank digital currencies as legal tender in the state. The bill also requires the State Treasurer to hold gold and silver reserves and exempts capital gains on the sale of precious metals from state income tax. It prohibits public entities from participating in CBDC tests and…
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After Ripple’s XRP surge price now compares to America’s top 100 companies by market cap
Ripple’s XRP price surge has pushed its market capitalization above $150 billion, making it comparable to some of the top companies in the United States. XRP’s value doubled in a month to $2.82, outperforming Bitcoin by 200%. Analysts attribute this growth to institutional interest and a potentially more crypto-friendly regulatory environment. If XRP were a…
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Solana supply chain attack contained, but users face six-figure losses
A supply chain attack on the Solana network ecosystem was contained quickly. An account with access to the solana/web3.js JavaScript library was compromised, allowing the attacker to steal private key information and funds from dApps. Non-custodial wallets were safe. Some investors lost six figures, but the damage could have been worse.
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Demand for high yield makes Ethena’s USDe third largest stablecoin
Ethena’s synthetic USDe dollar has become the third-largest stablecoin with a market cap of $4.77 billion, surpassing DAI. Its growth is driven by strong demand for yield-bearing assets, with users primarily holding USDe for rewards. Critics draw parallels to Terra-Luna project, but demand remains high with attractive APY of 29%.
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Investors From Stocks to Crypto Brace for US Election Swings
Investors who typically focus on stocks are now preparing for potential market swings in the cryptocurrency sector as the US election approaches. The uncertainty surrounding the election has led many investors to diversify their portfolios and brace for potential volatility in the financial markets.
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Marathon Digital buys wind farm in Texas, expands renewable energy push
Marathon Digital, a Bitcoin miner, has acquired a wind farm in Texas to power a new sustainable data center. The company plans to operate a facility powered by wind energy, cutting energy costs. The acquisition aligns with Marathon’s strategy to integrate renewable energy into its operations and reduce environmental impact.
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Coinbase cuts ties with law firms hiring ex-regulators linked to crypto crackdown
Bitcoin ETF options are a new tool for risk management and speculation, available exclusively via Bitcoin. CryptoSlate’s market report explores their role in the market and potential to reshape institutional crypto trading.