Latest posts
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Haverhill City Council Explores Potential Ban on Cryptocurrency ATMs
The Haverhill City Council convened this week to deliberate an ordinance aimed at banning cryptocurrency ATMs throughout the city. This consideration reflects a growing trend among municipalities to scrutinize the integration of digital currencies into everyday transactions. During the meeting, council members expressed concerns about the potential risks associated with cryptocurrency transactions, including their susceptibility…
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Charles Hoskinson Critiques CLARITY Act, Citing Risks of Future Legislative Abuse
Charles Hoskinson, the founder of the Cardano blockchain, has voiced strong opposition to the proposed CLARITY Act, warning that it could be susceptible to future ‘weaponization’ by lawmakers. Hoskinson expressed these views in light of the shifting political landscape following the collapse of FTX and emphasized that the act’s U.S.-centric design may hinder new cryptocurrency…
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Bitfarms Exits Bitcoin Market to Embrace AI Data Centers
Bitfarms Ltd. (BITF), a Canada-based cryptocurrency mining company, has announced its complete exit from the Bitcoin market as it transitions towards operating artificial intelligence (AI) data centers. This strategic shift reflects the company’s response to evolving technological trends and market conditions. As the cryptocurrency landscape faces increased regulatory scrutiny and heightened competition, Bitfarms has decided…
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Bitcoin and Stock Markets Rally as Iran Signals Potential Conflict Resolution
The cryptocurrency market, alongside global stock indices, experienced a notable uptick following a statement from Iran’s President Masoud Pezeshkian indicating the nation’s willingness to conclude its ongoing conflict, contingent on receiving security assurances. In a key development, Pezeshkian highlighted Iran’s openness to dialogue, stating, “We are prepared to end hostilities if our security needs are…
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Solana DeFi TVL Surpasses $20 Billion for First Time
Total value locked in Solana’s DeFi ecosystem has surpassed 20 billion dollars for the first time, driven by growth in liquid staking protocols and decentralised exchanges. The milestone represents a fivefold increase from the same period last year. Marinade Finance and Jito lead the TVL rankings with 4.2 billion and 3.8 billion dollars respectively. Jupiter…
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SEC Approves First Spot Ethereum ETF Options Trading
The Securities and Exchange Commission has approved options trading on spot Ethereum ETFs, marking another milestone in crypto’s integration with traditional finance. The decision follows months of deliberation and public comment periods. Options on BlackRock’s iShares Ethereum Trust will begin trading next week on the CBOE. Analysts expect the move to increase institutional participation and…
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Ethereum Layer 2 Networks Process More Transactions Than Mainnet
Ethereum Layer 2 scaling networks have reached a historic milestone, collectively processing more daily transactions than the Ethereum mainnet for the first time. Combined L2 throughput exceeded 15 million transactions per day last week. Arbitrum leads with 5.2 million daily transactions, followed by Base at 4.1 million and Optimism at 3.8 million. The milestone validates…
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Bitcoin Stabilises Above $84,200 After ETF Inflows Resume
Bitcoin has stabilised above the 84,200 dollar level after spot Bitcoin ETFs recorded 340 million dollars in net inflows over the past week, reversing three consecutive weeks of outflows that had rattled market sentiment. BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with 180 million dollars, followed by Fidelity’s FBTC at 95 million dollars. Grayscale’s…
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Solana DeFi TVL Surpasses $20 Billion for First Time
Total value locked in Solana’s DeFi ecosystem has surpassed 20 billion dollars for the first time, driven by growth in liquid staking protocols and decentralised exchanges. The milestone represents a fivefold increase from the same period last year. Marinade Finance and Jito lead the TVL rankings with 4.2 billion and 3.8 billion dollars respectively. Jupiter…
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SEC Approves First Spot Ethereum ETF Options Trading
The Securities and Exchange Commission has approved options trading on spot Ethereum ETFs, marking another milestone in crypto’s integration with traditional finance. The decision follows months of deliberation and public comment periods. Options on BlackRock’s iShares Ethereum Trust will begin trading next week on the CBOE. Analysts expect the move to increase institutional participation and…