Month: January 2025

Russia and Iran are forging a confidential financial system to replace SWIFT, signaling a bold move to bypass Western dominance and reshape global economic power dynamics. Russia and Iran Deepen Ties in Push to Abandon SWIFT Completely Russia and Iran are collaborating to establish a secure financial messaging system as an alternative to the SWIFT […] Source: https://news.bitcoin.com/russia-and-iran-unite-to-completely-replace-swift-with-alternative-payment-system/

An expert in applied cryptography has argued that zero-knowledge proofs offer a promising solution for balancing privacy and regulatory compliance in blockchain technology. Low Computational Power Limits ZKPs Use Cases Zero-knowledge proofs (ZKPs) can provide blockchains with privacy without sacrificing regulatory compliance, according to Nanak Nihal Singh Khalsa, co-founder of Holonym. This capability makes ZKPs […] Source: https://news.bitcoin.com/cryptography-expert-calls-for-regulatory-reboot-says-orange-grove-laws-dont-apply-to-crypto/

Microstrategy plans to use unique shares expansion model to raise more funds for the acquisition of bitcoin. Michael Saylor Still Wants More Bitcoin Microstrategy intends to expand its authorized class A common stock from 330 million shares to 10.30 billion shares to facilitate the company’s extensive bitcoin acquisitions, according to Bloomberg. The plan is expected […] Source: https://news.bitcoin.com/microstrategy-to-issue-additional-shares-to-fund-bitcoin-purchase/

Talk about a Friday night surprise. President-elect Donald Trump’s social media accounts shared what appears to be an official Solana meme coin called TRUMP, just three days before he’s set to be sworn in for his second term in the White House. Degen traders bought in immediately, generating hundreds of millions of dollars’ worth of trading volume as on-chain sleuths…

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In Q4 2024, venture capital (VC) firms invested $3.5 billion into crypto and blockchain startups, a 46% increase from the previous quarter. 2024: Weakest Year for Crypto VC Fundraising Venture capital (VC) firms poured $3.5 billion into crypto and blockchain-focused startups in the last quarter of 2024. The investment, 46% higher than the previous quarter, […] Source: https://news.bitcoin.com/crypto-comeback-vc-investments-soar-46-in-q4-2024/

Axios reports that Sen. Ted Cruz, a Republican from Texas, plans to wield the Congressional Review Act (CRA) next week to challenge a tax regulation that infringes on the rights of cryptocurrency brokers. This move is seen not just as a procedural tactic but as a principled stand against the expanding reach of governmental authority […] Source: https://news.bitcoin.com/report-ted-cruz-aims-to-target-crypto-tax-rule-with-cra-resolution/

Swiss state-owned bank Post Finance AG has expanded its digital-asset offering by introducing staking for ethereum (ETH), allowing holders to earn passive income. The bank plans to add staking for other tokens soon. Post Finance, which started trading and custody services for cryptocurrencies nearly a year ago, is the first systemically important bank to offer […] Source: https://news.bitcoin.com/major-swiss-bank-expands-crypto-offerings-with-ethereum-staking/