The Bitcoin mining sector has recently witnessed a significant shake-up with Foundry Digital, a significant player in the industry, announcing a dramatic reduction in its workforce. The decision to lay off 74 employees—representing 27% of its staff—sets a clear tone for the company’s renewed focus on its fundamental operations. This drastic step comes hand-in-hand with
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The Australian Securities and Investments Commission (ASIC) serves a critical function in the governance of financial services in Australia. Recently, ASIC has taken a proactive approach to reshape its regulatory framework concerning digital assets, announcing on December 4 its solicitation for public feedback. This initiative reflects its commitment to align with the Australian Government’s broader
As technology advances at a breathtaking pace, the integration of decentralized frameworks into everyday devices is becoming increasingly practical. Thomson Computing, a subsidiary of Metavisio, has made headlines with the introduction of the world’s first Web3 laptop. This innovation seeks to serve as a gateway between traditional computing environments and the emerging decentralized internet, giving
In a rapidly evolving financial landscape, the cryptocurrency industry is under increasing scrutiny from regulatory bodies. Recent statements made by Rep. French Hill highlight a pressing concern: the alleged efforts by regulators to restrict banking services provided to legitimate cryptocurrency businesses. This scrutiny is particularly relevant in light of mounting evidence suggesting that influential players,
In a groundbreaking ruling, a Russian court has dealt a severe blow to the dark web drug trade by sentencing Stanislav Moiseev, the alleged leader of the notorious Hydra marketplace, to life imprisonment. Along with this lengthy sentence, Moiseev faces a hefty fine of four million rubles (around $37,500). This unprecedented verdict is not merely
Coinbase’s recent announcement regarding the integration of Apple Pay into its Onramp service marks a significant step forward in making cryptocurrency more accessible to a broader audience. As cryptocurrency markets evolve and consumer education increases, the need for user-friendly solutions has never been more critical. By streamlining the process for converting fiat currencies to crypto
The saga of Facebook’s ambitious blockchain initiative, originally dubbed Libra and later rebranded as Diem, serves as a cautionary tale about the intersection of technology and politics. David Marcus, the former head of this project, recently articulated the powerful role that political forces played in its downfall. In his reflections, he emphasized that the initiative’s
XRP, the digital asset associated with Ripple, has achieved a significant milestone in the cryptocurrency landscape by securing the third position in market capitalization. This ascent has not only allowed it to surpass Tether (USDT), the leading stablecoin globally, but also to outpace Solana (SOL), often touted as the “Ethereum Killer.” Based on recent statistics
Since its inception with the mainnet launch on August 9, 2023, Base, an Ethereum Layer 2 solution incubated by Coinbase, has witnessed an extraordinary trajectory in growth and adoption. The data reported by Delphi Digital underscores this impressive progression, particularly in terms of daily transactions and total value locked (TVL). Base has distinguished itself from
In a significant move reflecting the tightening grip of regulatory measures in the crypto sector, Coinbase has announced the cessation of rewards for USD Coin (USDC) holders situated in the European Economic Area (EEA). Effective from November 1, the exchange’s decision is primarily driven by the impending implementation of the Markets in Crypto Assets (MiCA)