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SEC disburses $4.6 million to BitClave ICO investors amid unresolved fund discrepancies
  • November 21, 2024

The US Securities and Exchange Commission (SEC) has distributed $4.6 million to investors of defunct crypto startup BitClave’s 2017 initial coin offering (ICO), according to a Nov. 20 announcement. The…

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SEC delays decision on Franklin Templeton’s crypto Index ETF to 2025
  • November 20, 2024

The US Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton’s application to launch a crypto index exchange-traded fund (ETF) offering exposure to Bitcoin (BTC) and Ethereum…

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Indian central bank in ‘no hurry’ to rollout CBDC nationwide
  • November 20, 2024

The Reserve Bank of India (RBI) is adopting a cautious approach to the nationwide rollout of its Central Bank Digital Currency (CBDC), the e-rupee, prioritizing financial stability and a thorough…

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South Korea bans ETFs tracking crypto-related companies
  • November 20, 2024

South Korea’s financial watchdog has doubled its restrictive stance toward crypto, rejecting the launch of exchange-traded funds (ETFs) that track companies linked to digital assets.  Local media reported on Nov. 20 the…

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Trump team contemplating creation of new White House crypto role
  • November 20, 2024

President-elect Donald Trump’s transition team is looking to create the first White House role dedicated exclusively to crypto policy, Bloomberg News reported, citing people familiar with the discussions. The report…

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Japan to ease crypto taxation under new stimulus package
  • November 20, 2024

Japan is advancing a landmark economic stimulus package that includes a significant overhaul of current taxation rules for crypto, local media reported on Nov. 20. Prime Minister Shigeru Ishiba has…

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BIS report on DeFi activity reveals institutional traders heavily outmaneuver retail on Uniswap
  • November 20, 2024

The Bank for International Settlements (BIS) has revealed that institutional players dominate liquidity provision on decentralized exchanges (DEXs) like Uniswap, according to a Nov. 19 report, In a recent report…

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FTX co-founder Gary Wang sentenced to ‘time served’ as FTX criminal cases end
  • November 20, 2024

Gary Wang, co-founder and former chief technology officer of crypto exchange FTX, was sentenced to time served with no additional jail time after providing extensive cooperation to U.S. prosecutors in…

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MicroStrategy eyes $2.6 billion raise for Bitcoin acquisition as it breaks into top 100 US firms
  • November 20, 2024

MicroStrategy has increased its convertible debt offering to $2.6 billion, up from its original $1.75 billion target, according to a Nov. 20 statement. The firm stated that the proceeds from…

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Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k
  • November 20, 2024

Ethereum’s value against Bitcoin has reached a four-year low as Bitcoin’s price surpasses $94,000. The ETH/BTC trading pair fell to 0.03302 BTC, marking a significant decline from mid-2023 levels above…

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Bitcoin ETFs record $1 billion inflow in 2 days as new price peak boosts investments
  • November 20, 2024

Bitcoin ETFs have attracted over $1 billion in inflows so far this week. Data from Nov. 18 shows total ETF inflows at $254.8 million, which surged to $816.4 million on…

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Kraken’s founder Jesse Powell backs Brian Brooks for SEC Chair
  • November 20, 2024

Jesse Powell, the founder of Kraken exchange, has voiced strong support for Brian Brooks, the former acting US Comptroller of the Currency, as the next Chair of the Securities and…

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MicroStrategy’s Michael Saylor to pitch Bitcoin strategy to Microsoft’s board
  • November 20, 2024

Michael Saylor, prominent Bitcoin advocate and founder of MicroStrategy, will present a Bitcoin investment strategy to Microsoft’s board of directors next month. In a Nov. 19 VanEck-hosted X Space, Saylor…

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AI-DePIN: Why Institutions Are Betting Big and Expecting Large Returns

Artificial Intelligence (AI) is transforming industries, driving innovations in healthcare, finance, autonomous vehicles, robotics, entertainment… However, its rapid growth has led to an insatiable demand for computational power, presenting challenges…

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Exchange stablecoin ratio hits record low, fueling Bitcoin surge
  • November 20, 2024

The exchange stablecoin ratio (ESR) is an on-chain metric that indicates the balance of liquidity between Bitcoin and stablecoins held on exchanges. The metric is calculated as the ratio of…

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Coinbase to delist WBTC, halt trading on Dec. 19
  • November 20, 2024

Coinbase will disable Wrapped Bitcoin (WBTC) trading pairs from its exchange and Prime platforms on Dec. 19, citing the token’s failure to meet its listing standards, according to a Nov. 19…

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Trump taps crypto advocate Howard Lutnick as commerce secretary
  • November 19, 2024

President-elect Donald Trump announced Howard Lutnick, CEO of financial services firm Cantor Fitzgerald, as his nominee for Secretary of Commerce on Nov. 19. The decision positions Lutnick, a vocal proponent…

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Bitcoin registers new all-time high inches away from $94,000
  • November 19, 2024

Bitcoin (BTC) reached a new all-time high of $93,970.91 on Nov. 19, roughly $500 above its previous price peak less than a week ago. BTC rose 3% over the past…

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