In a notable trend, Australians are increasingly turning to cryptocurrency for their retirement planning, with self-managed retirement funds experiencing a remarkable 400% surge in cryptocurrency allocations over the past four years. This growth has outpaced traditional stocks and bonds, according to recent statistics released by the Australian Tax Office (ATO) on November 26. As of […]
In the latest crypto developments, Federal Reserve Chair Jerome Powell has become a focal point. Powell expressed optimism about the Fed’s progress, balancing the risks of slowing the economy with controlling inflation. The “soft landing” scenario seems likely, with strong job growth and cautious steps amid economic uncertainty. In other news, Coinbase CEO Brian Armstrong […]
El Salvador’s President Nayib Bukele, known for championing the recognition of Bitcoin as legal tender, has stepped down to focus on his 2024 re-election bid. The move, approved by the Legislative Assembly, led to the appointment of Acting President Claudia Rodríguez de Guevara, the country’s first female head of state, who is set to serve […]
The U.S. Securities and Exchange Commission (SEC) is currently engaged in a legal battle with major cryptocurrency platforms, Kraken and Coinbase, over alleged violations of trading rules. This clash highlights the SEC’s struggle to apply traditional regulations to the dynamic and evolving world of digital assets, leading to conflicts and concerns within the crypto community. […]
The U.S. Securities and Exchange Commission (SEC) is actively discussing the potential approval of spot Bitcoin exchange-traded funds (ETFs) with major asset management firms such as Grayscale and BlackRock. Despite ongoing talks, no spot Bitcoin ETFs have received approval, leaving the cryptocurrency market eagerly awaiting the SEC’s decision. Grayscale and SEC: Strategic Meetings Grayscale Investments, […]
Bastion, a pioneering web3 startup simplifying user onboarding for businesses, has appointed Caroline Friedman as its Chief Operating Officer. Friedman, previously Chief of Staff at Kraken and a16z, as well as an Assistant United States Attorney in Major Crimes, transitions to this role after serving as the company’s Head of Operations since February. In her […]
In a recent interview on “The Scoop” crypto industry podcast, Anthony Scaramucci, founder of SkyBridge Capital, shared insights into the transformative impact a federally approved Bitcoin spot ETF could have on Wall Street’s marketing dynamics. Scaramucci, a seasoned Wall Street veteran, highlighted a key aspect often underestimated: the powerful marketing engine of Wall Street. He […]
The hacker responsible for the $46 million KyberSwap exploit has outlined their conditions for returning the stolen funds, and it involves gaining “complete executive control” over Kyber company. In an on-chain message on November 30, the hacker detailed their demands, which include temporary full authority and ownership of KyberDAO, all company-related documents, and both on-chain […]
Google DeepMind’s artificial intelligence (AI) has achieved a significant milestone by predicting the structures of more than 2 million novel chemical materials, presenting potential advancements in real-world technologies. The findings were detailed in a paper published in the Nature Journal on November 29. The AI, developed by DeepMind, utilized data from the Materials Project, an […]
Renowned crypto expert Michael Novogratz, founder of digital asset management company Galaxy Digital, is optimistic about the future of assets like gold and Bitcoin (BTC) due to anticipated shifts in the United States Federal Reserve’s policies. In a recent Bloomberg interview, Novogratz expressed confidence in these assets, predicting that the Fed’s move towards less aggressive […]