Russia is set to restrict crypto mining in several of its regions due to ongoing energy shortages, announced Deputy Minister of Energy Yevgeny Grabchak. On Oct. 30, the state news agency TASS confirmed the impending ban, which will affect areas where electricity deficits make it challenging to support crypto mining’s high power demands. Grabchak noted […]
In an open letter to Vice President Kamala Harris and former President Donald Trump, Paxos CEO and co-founder Charles Cascarilla warned that America’s financial leadership hinges on whether the next presidential administration embraces digital assets and reforms outdated financial regulations. Cascarilla urged both political figures to recognize the potential for blockchain and stablecoins to modernize […]
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Geneva, Switzerland,October 29,2024 – TRON DAO brought together students and industry professionals for a day filled with discussions, networking, and educational sessions at the TRON Connect Community Event in Uyo, Nigeria. Held at the University of […]
The Hong Kong Monetary Authority (HKMA) announced a new partnership with Banco Central do Brasil (BCB) to advance cross-border tokenization initiatives, joining their respective digital currency infrastructures to conduct experimental transactions under Project Ensemble and Brazil’s Drex pilot program. The HKMA and BCB are exploring cross-border settlement models, focusing on payment-versus-payment (PvP) and delivery-versus-payment (DvP) […]
Crypto investment products are experiencing one of their best months on record, with inflows hitting $901 million in the last week alone, according to CoinShares’ latest report. This month’s inflows now represent roughly 12% of the sector’s total assets under management, positioning it as the fourth-highest month for inflows on record. Similarly, year-to-date inflows have […]
Amid growing fears that Britcoin, the UK’s central bank digital currency (CBDC), is going to supplant cash, Bank of England (BOE) governor Andrew Bailey said that the central bank will continue to supply cash “for as long as people want.” Bailey was speaking at the Group of Thirty’s 39th Annual International Banking Seminar. According to […]
Tether CEO Paolo Ardoino denied reports about the firm being under investigation in the US. Ardoino’s clarification comes after a Wall Street Journal report claimed that federal prosecutors in Manhattan are allegedly investigating the stablecoin issuer. Ardoino said: “WSJ is regurgitating old noise. Full stop.” Tether also denied the claims of an investigation in an official […]
Indian crypto exchange WazirX has disclosed its proof-of-reserves (PoR) report, showing that over 40% of customer assets are stored on third-party exchanges, according to an Oct. 25 statement. The exchange said its PoR dashboard aims to promote transparency by enabling independent verification of its wallet addresses, which include the precise holdings for each asset. WazirX’s […]
Retail investors are leading the charge in the adoption of spot Bitcoin exchange-traded funds (ETFs), accounting for 80% of the total demand, according to a Binance Research report. According to the report, Bitcoin ETFs have seen accelerated adoption since their debut, with cumulative holdings now reaching over 938,700 BTC — approximately $63.3 billion in assets […]
In a recent episode of the SlateCast, Sunny Aggarwal, Co-founder of Osmosis Labs and Polaris, joined CryptoSlate’s Editor in Chief Liam “Akiba” Wright to discuss the future of cross-chain decentralized finance (DeFi), the rise of multi-chain ecosystems, and his new venture, Polaris. Aggarwal delved into the innovations within Cosmos, the role of Bitcoin in decentralized […]