The transaction involved tokenized bonds issued on the Ethereum blockchain as collateral in exchange for CBDC issued by the Banque de France. Source: https://cointelegraph.com/news/societe-generale-banque-de-france-first-blockchain-repo-transaction?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: December 2024
Riot Platforms buys more than $500M in Bitcoin
The purchase came amid reports that the Bitcoin mining company was under pressure from activist investor Starboard Value. Source: https://cointelegraph.com/news/riot-platforms-buys-more-than-500-million-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Gold and Silver vs. Biden’s ‘Inflation Nightmare’: Florida’s CFO Reveals Bold Plan to Counter CBDC Threats
Florida’s Chief Financial Officer (CFO) Jimmy Patronis has announced an ambitious initiative to assess the viability of using gold and silver bullion as legal tender in the Sunshine State. Florida’s Golden Shield: Fighting Inflation and CBDCs With Precious Metals According to the state’s CFO, Jimmy Patronis, the study, led by the Florida Department of Financial […] Source: https://news.bitcoin.com/gold-and-silver-vs-bidens-inflation-nightmare-floridas-cfo-reveals-bold-plan-to-counter-cbdc-threats/
BC.GAME Launches the “CAPTAIN ELARA RETURNS” Event: Daily Rewards and a Porsche Giveaway
NICOSIA, Cyprus, Dec. 12, 2024 /PRNewswire/ — Leading crypto gaming platform BC.GAME has announced the launch of its anniversary event “CAPTAIN ELARA RETURNS“. The event will run from December 1 to December 31, 2024, offering players an exciting month-long adventure filled with challenges and massive rewards, including daily prizes, exclusive in-game items, sports free bets, and a chance to win a…
Bitcoin miners earned just 3.6% of record $2T market cap — Analysis
BTC miners have reaped the benefits in 2024, but their earnings are tiny compared to Bitcoin’s giant market cap. Source: https://cointelegraph.com/news/bitcoin-miners-earned-3-6-record-2t-market-cap-analysis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Coinbase Europe Delists USDT, Other Stablecoins Citing EU Compliance
Coinbase Europe decided to delist multiple stablecoins, including Tether’s market-leading USDT, to comply with the European Union’s rules. In a Wednesday announcement set to its users, Coinbase wrote that “due to the new European Markets in Crypto-Assets (MiCA) regulation, Coinbase will implement restrictions for stablecoin services that do not meet MiCA requirements.” Other than USDT, retail customers on Coinbase Europe…
‘Shrapnel’ Game Studio Names New CEO, Reveals Fundraising Plans
Neon Machine, the studio behind the Avalanche-based extraction shooter Shrapnel, revealed exclusively to Decrypt that it has made several leadership changes, including appointing a new CEO, ahead of the game’s free-to-play launch in 2025. Ken Rosman, a 20-year veteran of the video game industry who spent many years at Microsoft’s Xbox division working on games like Halo Wars and Sunset…
Decrypt’s 2024 Person of the Year: Polymarket CEO Shayne Coplan
In brief Crypto-based prediction market Polymarket was a breakout success in 2024. The platform accurately predicted global events throughout the year, including the U.S. presidential election. Its 26-year-old CEO Shayne Coplan, who views the world through the lens of probabilities, is Decrypt’s 2024 Person of the Year. Four years ago, he was just another callow entrepreneur, hacking away in a…
Glassnode Report Reveals $131 Trillion Bitcoin Transfer Volume and Institutional Expansion
Bitcoin has reached a historic $100,000 milestone, Glassnode reports, marking a pivotal moment in its evolution with over $131 trillion in transaction volume, a $2 trillion market cap, and increasing institutional adoption. Bitcoin’s $131 Trillion Journey According to Glassnode’s latest onchain report, bitcoin (BTC) has crossed a monumental threshold, reaching $100,000 per coin on Dec. […] Source: https://news.bitcoin.com/glassnode-report-reveals-131-trillion-bitcoin-transfer-volume-and-institutional-expansion/
Bank of England Wants to Know Firms’ Crypto Exposure by March 2025
The Bank of England is increasing its focus on the risks posed by cryptocurrencies, requiring firms to report their crypto asset exposure by March 24, 2025. This initiative seeks to enhance financial stability and inform the development of a regulatory framework for crypto activities. The Bank’s Prudential Regulation Authority (PRA) issued the directive on December 12, mandating firms to disclose…