5,000 Delegates Gather as BRICS Charts a Path to Sidestep Western Influence
With 5,255 delegates attending, the 16th BRICS Summit in Kazan focused on building a “multipolar world order” and reducing reliance on dollar-based systems. With Over 5,000 Delegates, BRICS Summit Sends a Message to the Dollar’s Dominance…
TeraWulf: Overview of a Rising Bitcoin Miner in 2024
TeraWulf stands out as a top-performing Bitcoin mining stock in 2024, up 70% YTD with 62.49% institutional ownership. Discover How Financial Health, Expansion, and Low-Cost Energy Fuel TeraWulf’s success The following guest post comes from…
A New Approach to Analyzing Operational Efficiency of Bitcoin Mining Companies
Discover how Bitcoin mining companies are navigating operational efficiency amid global layoff trends by examining their G&A expenses relative to revenue. Analyzing the Operational Efficiency of Mining Firms Like MARA, CLSK, RIOT, and Other Top…
Enter the the Token-Driven World of Angry Dynomites Lab
In Angry Dynomites Lab, Regina join forces with other players to save a world of clumsy Dynos in this innovative Web3 adventure. Last week’s Quick Recap Last week we stepped into the whimsical world of My Neighbor Alice, where farming…
How the Grateful Dead Presaged Today’s Decentralized Technologies and Encouraged P2P Networking
In 1965, the Grateful Dead united as a musical group that not only redefined the music industry but upended the norms, setting a fresh and uncharted course. Playing in the Band Fueled by their psychedelic explorations, the Grateful Dead ignited…
Triple-Digit Gains and Pricey Sales—What’s Fueling the NFT Market’s Latest Shakeup?
Between Oct. 19 and Oct. 26, recent data reveals that non-fungible token (NFT) sales slid 7.11% lower than the prior week. Top NFT Collections of the Week: Froganas, Mythos Dmarket, and BAYC Lead Sales This week’s total NFT sales clocked in…
Central Bank of Brazil Highlights Tokenization Potential Before IMF and World Bank
The Central Bank of Brazil propped up tokenization and “open finance” as key elements of the future’s financial system. In a panel presentation before the IMF and the World Bank, the bank’s president stated that the…
The Race to the Zettahash Era: Bitcoin’s Hashrate Breaks New Records
On Friday, Oct. 25, 2024, Bitcoin’s network hashrate climbed to a new all-time high, reaching 736.81 exahash per second (EH/s)—a milestone unmatched in the network’s history. Bitcoin’s Hashrate Hits Historic High — How Close Are We to the Zettah
Stablecoin Plunges 98% in 24 Hours, Sparks Rug Pull Allegations
Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had been removed. According to Geckoterminal data, the value of…
Polymarket’s Staggering Growth in October — Will Post-Election Events Keep the Momentum Going?
Based on Dune Analytics’ latest figures, the prediction market Polymarket’s October volume has soared to over three times what it was in September. Polymarket Continues to Hit All-Time Highs In the lead-up to the 2024 U.S. election between former…
Markets Are Telling Us Something About the US Election
This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Polymarket, Traditional Markets, and Crypto Markets Are Predicting a Trump Victory A…
8 Chinese Firms Exposed in High-Stakes Crypto Laundering Operation
Indictments reveal how eight Chinese firms used cryptocurrency to obscure profits from illegal chemical sales. US Indicts Chinese Firms Using Cryptocurrency in Illicit Trade The U.S. Department of Justice (DOJ) has unsealed indictments against…
BRICS Isn’t Anti-West but Won’t Tolerate Western Currency Domination, Russian Official Says
BRICS has condemned Western economic dominance and currency control tactics, accusing the West of using reserve currencies as “weapons” to maintain its monopoly. BRICS Says No to Western Monopoly, Criticizes Currency Control Strategies Russia’s…
Feds Target Businessman in Alleged Web of Secret Crypto Deals
The U.S. has accused a businessman of running an unlicensed cryptocurrency operation that allegedly enabled secretive “off-the-books” transactions. Unlicensed Crypto Transactions: Businessman Christopher Scanlon Indicted on Federal…
BRICS Payment System a SWIFT Substitute? Network to Implement Digital Assets and Financial Messages
The Russian Finance Minister offered insight into the inner workings of the new BRICS payment system at the recent summit held in Kazan. Anton Siluanov stated that the modern system will take digital financial assets into account and will be able…
Korea to Regulate Crypto Cross-Border Trade Next Year
On Friday, South Korea’s finance ministry announced plans to regulate cross-border transactions of virtual assets, including cryptocurrency, starting in the second half of 2025. The new regulations will mandate that businesses engaged in…
BRICS Backs Russia’s Push for New Global Payment System to Counter Western Control
Russia’s push for a BRICS payment system is gaining traction, with partners endorsing the plan to counter an “outdated, expensive, and ineffective” global framework. BRICS Partners Support Russia’s Plan for a New Payment System Russian Deputy
Binance Connect Relaunches, Powering Fiat Currencies and 300 Crypto Options
Binance relaunches Binance Connect as a fiat-to-crypto gateway, streamlining Web3 transactions and driving global digital asset adoption. Binance Connect Relaunches as a Fiat-Crypto Gateway for Web3 Adoption Crypto exchange Binance announced the…
Ripple has filed a cross-appeal against the SEC, with its legal chief insisting that XRP’s non-security status remains untouchable due to strict court review limits. Ripple’s Legal Battle With SEC Over XRP Continues Ripple’s…
Fireblocks Launches $1M Grant Program to Promote Paypal’s PYUSD Adoption
Fireblocks, a provider of blockchain infrastructure, has announced a $1 million grant program with Paxos, aimed to foster broader use of paypal usd (PYUSD). Fireblocks Launches $1M Grant Progam With Paxos Following what the firm describes as a…
Meet the Sealminer A2: Bitdeer’s New ASIC in the Bitcoin Mining Arena
This week, Bitdeer (Nasdaq: BTDR), a publicly listed firm in bitcoin mining and rig production, unveiled its latest product: the Sealminer A2. Bitdeer claims this machine clocks in at an impressive 226 terahash per second (TH/s) with a sleek energy…
Bitcoin Drops Amid Market Chatter—A Familiar Pattern From the Past—Here’s What We Know
Bitcoin’s price danced through a roller-coaster ride on Friday, hitting an intraday high of $68,700 before plunging to a 24 hour low of $65,853. Speculation Unsettles Bitcoin Market – Are We in for More? The dip came right after the…
Spot Crypto ETFs: Big Gains for Some, Losses for Others—Here’s the Full Breakdown
On Thursday, spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) enjoyed positive inflows during the day’s trading. Crypto ETF Inflows Jump The spot crypto ETFs managed to land in positive territory on Oct. 24. Across 12 bitcoin…
Satoshi Nakamoto Statue Revealed at Lugano’s Annual Blockchain Event
At the third annual Plan ₿ Forum in Lugano, Switzerland, a statue dedicated to Bitcoin creator Satoshi Nakamoto was unveiled as a symbolic gesture to honor decentralization and financial sovereignty. Plan ₿ Forum Unveils Nakamoto Tribute Statue The…
WSJ Report Claims Tether Faces US Federal Inquiry on Alleged AML Charges
According to an exclusive report by the Wall Street Journal, the U.S. federal government is allegedly examining the cryptocurrency and stablecoin company Tether for potential breaches of sanctions and anti-money-laundering regulations, according to…
Ancient Bitcoin Wallet Awakens: 399 BTC From 2012 Moved by This Month’s 2011 Whale
On Oct. 25, a long-dormant bitcoin wallet from June 5, 2012—12 years and 4 months old—sprang back to life, moving 399 BTC. 12-Year-Old Wallet Transfers 399 BTC—Tied to the 2011 Bitcoin Whale This month has captivated many as…
US Government’s $20M Crypto Breach: How Most Was Returned Within 24 Hours
According to blockchain explorer firm Arkham Intelligence, a significant portion of the U.S. government’s allegedly seized crypto has made its way back. Sudden Shift in Seized Crypto Sparks Questions on U.S. Government Wallet Security…
Microsoft’s Surprising Stance on Bitcoin as a Treasury Asset – Why They’re Saying No
Microsoft’s board is urging shareholders to reject a proposal examining bitcoin as a treasury diversification asset. Bitcoin in Microsoft’s Treasury? The Proposal Sparking Debate This week, speculation around Microsoft’s Dec…
Trump’s No-Income-Tax Vision: What America Looked Like Without Income Taxes
In a lively exchange on Fox & Friends this week, former U.S. President Donald Trump floated an intriguing idea: doing away with income taxes entirely. ‘There is a Way’: Trump’s Nostalgic Call for Ending Income Taxes During the…
Tether Proposes Establishing Tokenized Boron Commodity Markets in Turkey
Tether is reportedly seeking to expand its operations into tokenization markets in Turkey. According to sources familiar with the matter, the company is in talks to revamp the country’s boron markets by utilizing tokenization and…
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