Category: crypto

Bitcoin miner Greenidge Generation won a legal case against the New York State Department of Environmental Conservation, allowing it to continue operating in the state. The court ruled that the DEC’s denial of Greenidge’s air permit application was legally flawed and arbitrary, ensuring the company’s ability to operate without interruption.

Bitcoin Magazine CEO David Bailey proposed that President-elect Donald Trump could make Bitcoin a “strategic reserve asset” using executive authority. This could involve a national Bitcoin reserve worth billions of dollars. Supporters believe it could enhance economic resilience, while critics argue it could benefit Bitcoin holders at the expense of taxpayers.

The South Korean government found significant Know-Your-Customer (KYC) violations on Upbit, the largest cryptocurrency exchange in the country. The Financial Intelligence Unit discovered between 500,000 and 600,000 potential violations during a routine review. Users provided inadequate identification for KYC registration, raising concerns about money laundering. Upbit may face fines and license renewal delays.

Gary Gensler, chair of the SEC, discussed the agency’s approach to crypto regulation at a recent event. He emphasized the distinction between altcoins and Bitcoin, reaffirming Bitcoin’s status as a non-security asset. Gensler also hinted at the possibility of stepping down after Trump’s election. He highlighted the SEC’s focus on compliance with securities laws and…

Bitwise Asset Management plans to convert the Bitwise 10 Crypto Index Fund into an exchange-traded fund (ETF), making it the first crypto index fund to achieve ETF status. Despite trading at a discount, the fund offers a diversified portfolio of major cryptocurrencies. The conversion aims to provide investors with more efficient and regulated investment options…

Attorney Generals of 18 US states, led by Kentucky, Texas, Florida, and Nebraska, have filed a joint lawsuit against the SEC and Chair Gary Gensler, accusing the agency of overstepping its authority in regulating the crypto industry. They argue that state-led initiatives have fostered innovation and consumer protection, and seek to curb what they describe…

Former TD Ameritrade CEO Joe Moglia believes Bitcoin is set for significant growth and is becoming a vital asset in global finance. He credits this to pro-business policies under President Trump, which have encouraged institutional investment in digital assets. Wall Street’s shift towards Bitcoin indicates its long-term viability in mainstream finance.

VanEck’s head of digital assets research predicts Bitcoin could reach $180,000 within the next year due to increasing institutional interest and supportive government policies. He believes Bitcoin’s recent surge is just the beginning of a larger bull market, with institutional demand expected to fuel further price increases.

Bitcoin’s market cap is growing due to steady capital inflow during a rally on electoral optimism. However, the divergence between market cap and realized cap suggests potential overextension and euphoria in the market.

Tether launched Hadron, a tokenization platform for institutions, corporations, fund managers, and governments. It allows clients to tokenize assets like stocks, bonds, stablecoins, and loyalty points. Hadron offers seamless asset issuance and management with regulatory and security frameworks. It aims to make asset tokenization easier, secure, and scalable.