Galaxis—a Web3 platform for creators, celebrities, and brands to build and maintain “unstoppable communities”—has unveiled two new staking initiatives that promise to transform how members participate in and benefit from their digital communities. Providing self-sovereign digital spaces that operate independently of traditional social media platforms and centralized control, Galaxis’ infrastructure and digital membership cards underpin Web3 communities for prominent figures…
Month: December 2024
How Babylon attracted $3.5B to native Bitcoin staking protocol — Co-founder
Babylon co-founder and chief technology officer Fisher Yu said that DeFi on Bitcoin can evolve faster than other ecosystems by learning from the mistakes of the broader DeFi space. Source: https://cointelegraph.com/news/babylon-fisher-yu-interview-bitcoin-mena-2024-defi?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto wallets explained
Instead of holding physical money, crypto wallets store private keys — digital codes that give you access to your cryptocurrencies. Source: https://cointelegraph.com/explained/crypto-wallets-explained?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Argentina Partners With El Salvador on Digital Asset Regulation Issues
The CNV, the current VASP regulatory institution in Argentina, has signed a collaboration agreement with the Digital Asset National Commission (CNAD) of El Salvador to exchange information, supervise, and regulate cryptocurrency exchange operations. Argentina to Lean on El Salvador’s Experience in the Digital Asset Regulation Field President Javier Milei’s administration seems adamant about establishing clear […] Source: https://news.bitcoin.com/argentina-partners-with-el-salvador-on-digital-asset-regulation-issues/
El Salvador to extend crypto agreements beyond Argentina
El Salvador partners with Argentina to strengthen the digital assets industry, with talks underway with over 25 nations for similar partnerships. Source: https://cointelegraph.com/news/el-salvador-argentina-digital-assets-collaboration?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
2025 'demand shocks’ will spike Bitcoin’s price — Sygnum
Meanwhile, altcoins may flounder unless the United States passes rules favoring crypto adoption, the asset manager said. Source: https://cointelegraph.com/news/2025-demand-shock-bitcoin-price-spike-sygnum?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Australia fines Kraken operator $5M for regulatory breaches
Kraken Australia operator Bit Trade must pay $5 million plus the cost of court proceedings after the Federal Court sided with the country’s corporate watchdog. Source: https://cointelegraph.com/news/kraken-australia-5-million-fine-corporate-regulator-lawsuit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Educator Sounds Alarm on Centralization Risk
The concerns were in response to Michael Saylor’s suggestion that the U.S. should quadruple its planned strategic reserve and exert influence over the Bitcoin network. Saylor Calls for U.S. To Purchase up to 25% of Total Supply Bitcoin educator Anita Posch, founder of non-profit organization Bitcoin for Fairness posted a warning on X about the […] Source: https://news.bitcoin.com/bitcoin-educator-sounds-alarm-on-centralization-risk/
Vancouver passes motion to become a ‘Bitcoin-friendly city’
Six councilors supported the motion, and two opposed it over concerns about digital assets’ potential for use in illicit activities and environmental impacts through mining. Source: https://cointelegraph.com/news/vancouver-passes-motion-become-bitcoin-friendly-city?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Australian Regulator Likens Bitcoin to Prison Currency Amid Controversial Consultation Paper
Australia’s crypto industry is reeling from controversial remarks made by the Australian Securities and Investments Commission (ASIC) Digital Assets Lead during a liaison meeting that addressed initial feedback on a controversial consultation paper. Rhys Bollen compared Bitcoin to cigarettes used as currency in prisons while responding to questions about applying Non-Cash Payment Facility (NCP) legislation to digital assets, during the…