Bitcoin miner Marathon Digital Holdings has notched itself a new production record, mining more Bitcoin (BTC) in December 2023 than any month before. According to a Jan. 4 press release, the Florida-based firm reported mining 1,853 Bitcoin in December, a 56% increase from November and a 290% increase from December 2022, claiming: “We believe this to be the highest monthly…
Month: January 2024
How and where to start investing in cryptocurrencies in 2024
As the new year kicks off, the crypto ecosystem shows no signs of stopping. Not only has innovation been rapid, but throughout 2023, the industry’s total market cap has more than doubled, setting 2024 up to be an exciting year for new and old investors. That said, navigating the digital asset realm can be challenging for newcomers, especially given its…
Crypto traders gamble $1.5M on Bitcoin ETF approval results
As the crypto community eagerly awaits the United States Securities and Exchange Commission’s (SEC) decision on spot Bitcoin (BTC) exchange-traded fund (ETF) applications, some traders are using this time of suspense to gamble on whether they get approved by Jan. 15. At the Polygon-based gambling site Polymarket, traders have placed their “Yes” or “No” bets on whether the Bitcoin ETF…
Nigeria’s central bank greenlights cNGN stablecoin to launch in February
The Central Bank of Nigeria (CBN) has approved the Africa Stablecoin Consortium (ASC) to pilot the cNGN stablecoin in its regulatory sandbox. The new stablecoin is to be launched on Feb. 27, 2024. In a blog post, the ASC — a collaboration of Nigerian banks and fintech operators — said the cNGN stablecoin complies with the regulatory requirements and standards…
Italy to tackle AI regulation as one of main priorities during G7 presidency
Italy, one of the first European countries to effectively ban OpenAI’s popular chatbot ChatGPT, will address the topic of artificial intelligence (AI) as one of the priorities of its Group of Seven (G7) presidency, which runs from January to December. On Dec. 4, 2023, Italian Prime Minister Giorgia Meloni held a press conference in which she outlined the key priorities for…
The right to a self-hosted wallet? Crypto laws Congress should pass in 2024
To begin the new year on the right foot, many people have taken resolutions from losing weight to saving money. The new year is a great time to start fresh, so perhaps Congress should also set a few resolutions. From reining in the Federal Reserve to leveling the playing field for cryptocurrency use, there are many options to choose from.…
Ready Player One author, producer to bring IP to metaverse
Ernest Cline, the author of Ready Player One, and Dan Farah, the producer of Steven Spielberg’s film adaptation of the story, have partnered with artificial intelligence (AI) and metaverse company Futureverse to develop a digital universe for Ready Player One. Together with Futureverse’s Shara Senderoff and Aaron McDonald, Cline and Farah will co-found Readyverse Studios, a firm that will launch a…
Web3 Gamer: Pixels has 120K users & $6.51 volume, game picks for 2024, Titan Hunters
Pixels is popular but poor, Titan Hunters is play-to-earn not play-for-fun, and Avalanche’s Ed Chang’s top gaming picks for 2024 — Web3 Gamer. Source: https://cointelegraph.com/news/https://cointelegraph.com/magazine/web3-gamer-titan-hunter-review-vaneck-report-pixels-volume/
Bank of Spain selects partners for CBDC testing
Spain’s central bank, Banco de España, has chosen its collaborators a year after publishing an open call for partners to participate in central bank digital currency (CBDC) tests. On Jan. 3, the central bank published a resolution announcing its partnership with Cecabank, Abanca, and Adhara Blockchain. The pilot of the wholesale CBDC will take place in the next six months…
‘Rumor mill’ goes into overdrive for a spot Bitcoin ETF approval on Friday
Speculation that the SEC is set to approve a spot Bitcoin (BTC) exchange-traded fund (ETF) on Friday has reached a fever pitch on social media. A tweet from Grayscale’s legal chief that he was “just filling out some forms,” in addition to a widely shared tweet from a reporter, has fueled speculation that approval could come through within the next…