Saturday, January 31

Crypto

Tech Giants Must Pay Their Own Data Center Power Bills

US President Donald Trump has pledged to make major tech companies “pick up the tab” for their power usage to prevent everyday Americans from paying more for electricity. “I never want Americans to pay higher electricity bills because of data…

Meta Plans To Cut 10% Of Metaverse Division

Meta is reportedly set to lay off around 10% of staff from its metaverse arm this week, as the tech giant focuses its resources on artificial intelligence. Meta could announce the cuts as soon as Tuesday, the New York Times reported…

Ethereum Must Pass Walkaway Test to Be Self-Sustaining

Ethereum needs to get to a point where its value proposition remains even if developers stop active work on the protocol, according to its co-founder Vitalik Buterin.“We must get to a place where Ethereum’s value proposition does not strictly depend…

CFTC Forms Panel Regulating Blockchain, AI Innovation

US Commodity Futures Trading Commission chair Mike Selig has unveiled the agency’s new innovation committee, aimed at guiding the regulation of emerging technologies like blockchain and AI, which are transforming financial markets. The Innovation Advisory Committee replaces the Technology Advisory…

Bitmine Adds 24,000 ETH as Ethereum Treasury Tops 4.1M Tokens

Bitmine Immersion Technologies expanded its Ether holdings over the past week as its chairman urged shareholders to approve a proposal that would allow the company to further build its crypto treasury and staking operations.The company said it purchased 24,266 Ether…

Fitch Warns Bitcoin-Backed Securities Pose High Market Value Risk

Credit rating company Fitch Ratings has flagged a high degree of risk associated with Bitcoin-backed securities, a warning that could complicate the expansion of crypto-linked credit products among institutional investors.In a Monday assessment, Fitch said Bitcoin-backed securities, financial instruments typically…

‘Remains to be seen‘ Whether US will Seize Venezuela‘s Bitcoin

Paul Atkins, chair of the US Securities and Exchange Commission (SEC), didn’t rule out the possibility of authorities seizing Venezuela’s reported Bitcoin holdings after US forces unseated and captured the country’s president.In a Monday interview with Fox Business’ Stuart Varney,…

3 Data Points Shape ETH’s Next Breakout to K

ETH’s recent rally was driven by spot demand and a healthy use of futures market leverage, potentially setting Ether up for a follow-up move to $4,000.Ether’s (ETH) futures and spot markets are sending mixed signals as futures positioning builds, but…

Bakkt Stock Surges 20% after Move on Stablecoin Payments Strategy

With Bakkt’s share price surging following the announcement, the stock deal could be worth about $178 million.Cryptocurrency infrastructure platform Bakkt Holdings announced an agreement to purchase Distributed Technologies Research, a stablecoin and fiat payments infrastructure provider.In a Monday notice, Bakkt…

VelaFi Raises M as Stablecoin Payments Expand in Latin America

VelaFi, a stablecoin-based financial infrastructure company under Galactic Holdings, has raised $20 million in a Series B round to support the expansion of its enterprise payments and settlement services across Latin America, the United States and Asia. According to Monday’s…

Ethereum Prints Copycat 95% Rally Setup Against Bitcoin

ETH price could rally 95% versus Bitcoin if a decisive breakout above the key 0.042 BTC neckline confirms a bullish reversal.Key takeaways:Ethereum’s native token, Ether (ETH), could rally by over 95% versus Bitcoin (BTC), according to a textbook bullish reversal…

‘Book Closed’ On Bitcoin Vs. Gold Debasement Trade

Bitcoin (BTC) is looking like the loser versus gold as precious metals top new all-time highs Monday.Key points:Bitcoin is not the debasement trade after years of loses against gold, analysis concludes.As precious metals hit all-time highs, BTC price action fails…

World Liberty Financial Enters Crypto Lending with USD1 Stablecoin

World Liberty Financial, a decentralized finance project linked to the family of US President Donald Trump, has entered the cryptocurrency lending market, highlighting renewed interest in onchain credit as regulatory clarity improves.The new product, called World Liberty Markets, launched on…

BitGo Launches IPO Targeting .96B Valuation

BitGo Holdings, a major cryptocurrency custody company, announced the launch of its initial public offering (IPO) in a filing with the US Securities and Exchange Commission (SEC).In a Form S-1 filed with the SEC, BitGo said the offering will include…

Bank of Italy Models Ether-to-Zero Scenario in Stress Test

The Bank of Italy modeled what would happen to Ethereum’s security and settlement capacity if the price of Ether fell to zero, treating the network as critical financial infrastructure rather than just a speculative crypto asset.In a new research paper…

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