Following Donald Trump’s presidential victory and his promise to establish a strategic Bitcoin reserve, momentum has surged around the idea of integrating Bitcoin into the nation’s economic and geopolitical strategy. In the latest development, crypto miner MARA Holdings has urged the United States to aggressively pursue leadership in the sector and in Bitcoin mining, positioning…
Vancouver Mayor Ken Sim has unveiled a groundbreaking proposal to add Bitcoin (BTC) to the city’s financial reserves, citing its potential to protect purchasing power and diversify resources. The motion, which will be discussed by the council on Dec. 11, aims to position the city as a leader in digital asset adoption. The proposal, titled…
SOS Limited, a Chinese data mining and technology company, announced on Nov. 27 that its board has approved a $50 million investment in Bitcoin (BTC) to diversify its assets and capitalize on the flagship crypto’s growing strategic significance. The company disclosed that it plans to implement various strategies for the investment, including direct acquisition, quantitative…
After years of positioning itself as the dominant regulatory force in the digital asset space, often at odds with crypto advocates, the Securities and Exchange Commission (SEC) faces a significant shift in jurisdictional control. Amidst mounting frustration with the agency’s combative approach, the incoming Trump administration is pushing to expand the Commodity Futures Trading Commission…
President-elect Donald Trump is considering Paul Atkins, a seasoned financial regulator and advocate for deregulation, as the next chair of the US Securities and Exchange Commission (SEC), Bloomberg News reported, citing sources familiar with the matter. According to the report, Atkins has emerged as a leading candidate to replace outgoing SEC Chair Gary Gensler. Karoline Leavitt,…
The global stablecoin market capitalization reached an unprecedented $190 billion in November, surpassing the previous all-time high of $188 billion set in April 2022, according to a recent CCData report. The sector experienced a robust 9.94% growth from October, marking the highest month-on-month increase since November 2021. This milestone also represents the 14th consecutive month…
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m <a href=”https://www.coindesk.com/author/marc-hochstein/” target=”_blank”>Marc Hochstein</a>, CoinDesk’s deputy editor-in-chief for features, opinion and standards. IN THIS ISSUE: Ethereum’s blob mob Staking on Starknet Avalanche’s big upgrade L2 teams beam over Beam Chain Sui suffers a brief outage Bitcoin bridged, trustlessly…
Bloomberg senior ETF analyst Eric Balchunas stated that unless a big collapse happens, the altcoin-related exchange-traded funds (ETF) awaiting approval will make crypto “pretty wild.” He shared that 14 altcoin-related ETFs await approval by the US Securities and Exchange Commission (SEC) in the next 12 months, including funds giving exposure to Solana (SOL), XRP, Hedera…
The European Parliament approved its slate of commissioners <a href=”https://www.europarl.europa.eu/news/en/press-room/20241121IPR25546/parliament-approves-the-von-der-leyen-ii-commission” target=”_blank”>on Wednesday</a>, including the individuals who will be responsible for monitoring regulations around digital assets. In September, European Parliament President Ursula Von der Leyen <a href=”https://ec.europa.eu/commission/presscorner/detail/en/ip_24_4723″ target=”_blank”>proposed a list of commissioners</a>. While crypto did not stand out as a core topic amongst the roles, this…
TL;DR XRP surged to $1.44 with increased network activity signaling growing interest and potential for further gains. Analysts predict targets of $2 soon and over $4 by Christmas, driven by bullish momentum. XRP’s Resurgence Ripple’s native token has been flying high recently, with its price jumping to a three-year high of $1.60 on November 23.…