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As the U.S. presidential election approaches, cryptocurrency is starting to emerge as a significant topic of discussion among voters. A recent survey conducted by Digital Currency Group (DCG) revealed that approximately one in five voters considers crypto to be a major issue in the upcoming 2024 election. Moreover, 40% of voters expressed a desire for
The Bitcoin mining industry has been experiencing significant changes, and the leader in this sector has recently announced its financial results for the first quarter of 2024. After emerging from bankruptcy, the company has shown remarkable improvement in its financial performance. With a net income of $210.7 million, the company has come a long way
The crypto industry is on the verge of receiving greater clarity regarding regulatory oversight through new legislation set to potentially go to a House floor vote by the end of May. The Financial Innovation and Technology for the 21st Century (FIT21) Act is the proposed legislation aimed at providing transparent regulatory frameworks for digital assets.
The International Monetary Fund (IMF) recently suggested that Nigeria should consider embracing the regulated use of digital assets by licensing international crypto exchanges. This proposal was included in the IMF’s consultation report for Nigeria, with the aim of enhancing the country’s economic stability and solidifying its position within the African crypto sector. The recommendation comes
Monero (XMR) has recently seen a surge in discussions on social media platforms following the announcement of LocalMonero’s closure. This increase in attention comes at a time when governments around the world are making efforts to regulate privacy-focused cryptocurrencies like Monero. The closure of LocalMonero, a peer-to-peer exchange based on Monero, has sparked conversations about
Recent developments in the United States legislative arena have brought forward a new proposal known as the Blockchain Integrity Act. This bill, introduced by Congressman Sean Casten and supported by other representatives, aims to impose a temporary halt on financial institutions engaging in transactions involving funds that have passed through crypto mixers. The proposed legislation
The recent crackdown on crypto firms by the Securities and Exchange Commission (SEC) has raised concerns about how the regulatory landscape may inadvertently be favoring US crypto exchange Coinbase. Bitwise Investments CIO Matt Hougan pointed out in a social media post that the current regulatory environment is creating an “artificial moat” for Coinbase’s operations, potentially
Coinbase, the leading cryptocurrency exchange in the United States, recently reported its earnings for the first quarter of 2024. The company’s total revenue for the quarter stood at a remarkable $1.6 billion, representing a substantial 72% increase compared to the previous quarter. Moreover, Coinbase’s net income reached an impressive $1.18 billion, equivalent to $4.40 per
Eigenlayer, the leading project in Ethereum Restaking, is gearing up to launch its airdrop for collection on May 10th. BingX Exchange, a well-known crypto exchange, will be listing Eigenlayer’s token $EIGEN for trading immediately after the airdrop. The Significance of Eigenlayer in 2024 Eigenlayer has emerged as the most substantial Restaking project on Ethereum in