Category: crypto

El Salvador is considering renting out its volcanoes for Bitcoin mining, utilizing geothermal energy. President Bukele’s proposal aims to attract global miners to cut costs and position the country as a leader in Bitcoin adoption. El Salvador currently holds over 6,000 BTC, with an unrealized profit exceeding $168 million.

Bitcoin has pushed financial innovation with its distributed digital ledger, offering transparency and an alternative to banking. Hard forks have led to new versions like Bitcoin Cash and Bitcoin SV, but none have come close to Bitcoin’s market cap. Despite security risks, Bitcoin remains the most secure cryptocurrency, with hard forks struggling to gain traction.

Bitcoin is close to reaching $100,000, leading to gains in altcoins. Ethereum’s price increased by 3.25% to $3,424.59, with weekly gains surpassing Bitcoin. Other altcoins, such as Solana, Dogecoin, and XRP, also experienced gains. Cardano, Avalanche, Tron, and other altcoins saw significant growth over the past month. Altcoins typically rally when Bitcoin prices rise.

The Blockchain Association sent a letter to president-elect Donald Trump and Congress outlining five priorities for the first 100 days of Trump’s administration. They called for an overhaul of leadership at the SEC, IRS, and Treasury Department, consistent taxation of digital assets, and the establishment of a regulatory framework for cryptocurrencies. They also called for…

Leo Li, CVO and Chief Growth Officer at CARV, discusses how Off The Grid is a mainstream moment in web3 gaming by integrating blockchain features in the background. The game’s success highlights the importance of simplicity and accessibility in blockchain gaming. Developers must prioritize great gameplay and seamless blockchain integration to drive mass adoption in…

VanEck’s latest Bitcoin report maintains a cycle price target of $180,000, citing bullish indicators such as funding rates and retail interest trends. The market rally is compared to post-election behavior in late 2020. VanEck anticipates further growth with a pro-Bitcoin regulatory environment and growing institutional interest.

Polymarket, a blockchain-based prediction market, has blocked access to French users due to a government investigation into compliance with gambling laws. The platform allows users to bet on real-world outcomes using crypto. The move comes amid scrutiny from France’s national gaming authority. The investigation was prompted by a trader placing bets on Donald Trump winning…

Cboe Global Markets is launching cash-settled options tied to the price of spot Bitcoin on Dec. 2. The options will be based on the Cboe Bitcoin US ETF Index and aim to provide exposure to Bitcoin price movements without holding the crypto directly. The launch includes standard, mini, and FLEX options.

The Blockchain Association has urged President-elect Donald Trump to prioritize the US crypto industry in his first 100 days in office by establishing a regulatory framework, ending discriminatory banking practices, appointing new leadership at federal agencies, and clarifying tax policies. They emphasize the need for bipartisan legislation and collaboration to ensure the US remains a…

The UK plans to unveil a new crypto regulatory framework in early 2025 to address oversight challenges for stablecoins, staking, and digital asset services. The Labour government aims to streamline rules for the industry, focusing on stablecoins and staking. The initiative seeks to remain competitive and attract investment while ensuring consumer protections.