Federal Reserve Chairman Jerome Powell has once again reiterated his skepticism towards Bitcoin, emphasizing its role as a speculative asset rather than a functional currency. This perspective was reinforced during his recent address at The New York Times DealBook Summit in Manhattan, where his remarks heightened the ongoing debate surrounding Bitcoin’s legitimacy and potential in
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MARA Holdings, renowned as the largest Bitcoin mining entity publicly traded on Wall Street, has recently announced an impressive financial maneuver that underscores their commitment to bolstering their cryptocurrency holdings. On December 5, the company revealed that it had successfully closed a substantial $850 million offering of convertible senior notes. This strategic move aims to
In a significant turn of events, South Korea’s Democratic Party has reached a consensus to delay the implementation of cryptocurrency taxation laws, effectively pausing an ongoing struggle over digital asset regulation. As announced by floor leader Representative Park Chan-dae, this agreement pushes back the taxation of crypto profits by two years. During a recent press
Adidas has recently taken a groundbreaking step by joining forces with STEPN GO, a rising player in the Web3 landscape, to launch their inaugural co-branded physical footwear. This collaboration represents not merely a business arrangement but a significant leap toward amalgamating cutting-edge digital frameworks with traditional craftsmanship in athletic wear. At the core of this
As the Ethereum ecosystem continues to expand, the Xai Foundation has made substantial strides toward easing entry into blockchain gaming through the launch of Tiny Sentry Keys. This revolutionary initiative aims to democratize access to an exciting array of gaming opportunities facilitated by non-fungible tokens (NFTs). By presenting an affordable alternative to traditional Sentry Keys,
In an exhilarating development for gamers and blockchain aficionados alike, SuiPlay has launched pre-orders for its cutting-edge gaming device, the SuiPlay0X1. This innovative platform is not merely a console; it represents a significant intersection where the worlds of gaming and blockchain converge. By integrating the concept of non-fungible tokens (NFTs) with traditional gaming elements, SuiPlay
Amid a transformative atmosphere for the cryptocurrency industry, Rep. French Hill has made clear his intentions to deepen oversight of the regulatory actions that may be hindering crypto businesses from gaining access to traditional banking services. His statements resonated significantly during a recent hearing held by the House Financial Services Committee, where industry leaders shared
Bitcoin has recently made headlines as it fought to maintain a critical support zone near the $96,400 mark. This endeavor follows a period during which it successfully broke free from a prevailing bearish trend line, suggesting that a potential recovery could be on the horizon. The significance of this support level cannot be understated; it
In a significant move reflecting the evolving landscape of cryptocurrency, Foundry Digital has announced a 27% reduction in its workforce, impacting 74 employees. This decision aligns with a broader strategic realignment by the company’s parent organization, Digital Currency Group (DCG). The layoffs represent a concerted effort to prioritize essential operations primarily centered around Bitcoin mining,
The Securities and Exchange Commission (SEC) is on the cusp of a significant change with President-elect Donald Trump’s announcement of Paul Atkins as the next chairman. This decision, highlighted in a December 4 post on Trust Social, demonstrates the Trump administration’s commitment to embracing innovation, particularly in digital assets. Such a stance could potentially reshape