As part of its 2024–2025 budget, the city of Hong Kong has provided specifics about the development of new Web3 and digital yuan initiatives. As part of its digital finance plans, Hong Kong Financial Secretary Paul Chan announced in a speech that the city would expand the digital yuan pilot and expedite the creation of … Read more
The Russian digital ruble’s current pilot program is “on track,” according to Bank of Russia Governor Elvira Nabiullina. Wallet opening and smart contract interactions are among the functions being evaluated. Later this year, Nabiullina verified the pilot expansion and disclosed that more than 25,000 transactions had been recorded. Russian Digital Ruble Pilot is “on Track,” … Read more
A bitcoin mining company called Bitdeer just announced the release of what it calls its “first cryptocurrency mining chip.” According to Bitdeer, the chip might be able to increase bitcoin mining efficiency without using an excessive amount of power. A New Rig to Reduce Operating Expenses for Bitcoin Miners Leading bitcoin mining company Bitdeer has … Read more
Anthony Scaramucci, the founder of Skybridge Capital, has maintained that purchasing bitcoin is “still very very early.” Referring to cryptocurrencies as the “Berkshire Hathaway of the 21st century,” he compared them to Warren Buffett’s business. It was never “too late,” in his opinion, to purchase Berkshire stock. For bitcoin, it is still very, very early. … Read more
Renowned chartist and seasoned trader Peter Brandt has reiterated his optimistic view on bitcoin. “My bet is that this is a’starting’ candle,” said Brandt, pointing to “huge monthly bars” on his bitcoin price chart, after increasing his goal price for bitcoin during this bull market cycle to $200K. The Bitcoin Bull Run Prediction of Peter … Read more
Bitcoin is showing strong upward momentum as of February 12, 2024, as seen by the huge increase it made on Sunday from $47,593 to $48,814 on multiple charts. The next Monday, there was $21.57 billion in trading volume for bitcoin, and its market value had increased to $939 billion. As of right now, the rising … Read more
On February 11, a significant new proposal was presented in the dYdX community forum. Proposed by Chorus One, the initiative aims to lower the barrier for users to submit governance proposals and to elongate the deposit period. The proposition includes reducing the minimum deposit required to submit governance proposals from the current 10,000 DYDX to … Read more
Congress has been reassured by U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler that the securities regulator “takes its cybersecurity obligations seriously.” Following the SEC’s account being hacked on social media site X, where a post erroneously declared that spot bitcoin exchange-traded funds (ETFs) were approved, lawmakers voiced concerns. Gensler: SEC Is Serious About … Read more
The Dydx Foundation announced this week that the Dydx Chain Community Treasury had granted them a $30 million donation. This funding is intended to give the foundation an extra three years of operating capability, which will make it easier to carry out the project’s strategic plan. The Dydx Foundation for Improved Ecosystem Innovation Receives $30 … Read more
According to onchain monitoring company Glassnode, a significant change has taken place in the wake of the market’s recovery from the FTX collapse, placing bitcoin in a high-risk regime. In its most recent analysis, the business states that this regime usually denotes a turning point that frequently occurs before bull markets start, at which point … Read more