Senator Cynthia Lummis recently introduced groundbreaking legislation at the Bitcoin2024 conference, aiming to establish a Bitcoin strategic reserve for the US. This reserve would total at least 1 million BTC, representing 5% of the total global supply. The announcement, made following former President Donald J. Trump’s keynote speech at the conference, has sparked significant interest
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Marathon Digital, formerly known as MARA, has recently made waves in the cryptocurrency world by announcing a huge investment of $100 million in Bitcoin. This investment showcases the mining giant’s confidence in the long-term potential of the pioneering cryptocurrency. Despite previous price drops in BTC, Marathon Digital has taken advantage of the market conditions to
Robert Kennedy Jr., an independent candidate for the US presidency, has recently unveiled a groundbreaking financial policy plan during the industry day of the annual Bitcoin conference in Nashville, Tennessee. This plan aims to position the United States as the world’s largest holder of Bitcoin, with the strategic acquisition of Bitcoin valued at $619 billion
WazirX recently conducted a preliminary investigation into a sophisticated cyber attack on its multi-signature Ethereum wallet. The attack, which took place earlier this month, raised significant concerns within the crypto community. Initially, the exchange attributed the hack to an issue with its custody service provider, Liminal, but further investigation revealed a different story. Investigation Findings
Recently, crypto exchange OKX made the decision to select Malta as its Market in Crypto-Assets (MiCA) hub to cater to the 450 million residents of the European Union. By establishing itself in Malta, OKX aims to provide services that are fully compliant with local regulations, while also ensuring seamless deposit and withdrawal connectivity to local
Recently, crypto exchange OKX has made the decision to cease operations in Nigeria due to local regulations. Nigerian clients were informed through an email that they have until August 16 to close their positions on the platform. After this deadline, users will only be able to access withdrawal services and close existing positions. This announcement
Hong Kong’s financial regulators have recently completed a consultation period regarding the licensing program for fiat-referenced stablecoin (FRS) providers. This initiative has garnered significant attention from various stakeholders in the financial industry. The Monetary Authority (HKMA) and the Financial Services and Treasury Bureau (FSTB) received 108 submissions during the consultation period. The majority of respondents
A recent proposal by South Korean lawmakers suggests delaying the implementation of crypto gain tax until 2028. The ruling political party put forward this bill on July 12, pointing to the prevailing negative sentiments surrounding the crypto industry as the primary rationale behind the extension. The lawmakers emphasized that the current investment sentiment towards virtual
The US Securities and Exchange Commission (SEC) has made headlines recently with its decision to accept a proposal that provides exceptions for certain institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121). This move has significant implications for financial institutions and crypto holders alike as it alters the way crypto holdings are
The recent announcement by Kraken regarding the co-founding of the Blockchain Security Standards Council (BSSC) alongside other industry giants marks a significant step towards enhancing security within the crypto sector. With co-founders such as Anchorage Digital, Coinbase, and Fireblocks, the nonprofit organization aims to establish uniform security standards across the industry to address critical security