The Aave community has pushed back against the proposal, questioning whether it addresses the core risks. Source: https://cointelegraph.com/news/aave-proposal-to-peg-ethena-s-usde-to-usdt-sparks-community-pushback?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: January 2025
BRICS Intensifies Alternative Payments—2025 Agenda Targets Dollar-Free Systems
BRICS will prioritize alternative payment systems in 2025, aiming to reduce reliance on the U.S. dollar and boost trade in local currencies under Brazil’s leadership. BRICS Prioritizes Alternative Payments in 2025 The development of alternative payment systems and reducing reliance on the U.S. dollar will be central to BRICS initiatives in 2025 as Brazil takes […] Source: https://news.bitcoin.com/brics-intensifies-alternative-payments-2025-agenda-targets-dollar-free-systems/
The Curious Case of Siqi Chen: Scammer or Saint?
The crypto community is split after a father launched his own token ZERO, mere days after raising millions via memecoins for research into craniopharyngioma – an incurable brain tumor that currently afflicts his daughter Mira. Mira’s Dad Faces Scathing Criticism For Launching ZERO Token Just a few days ago, Siqi Chen, co-founder of finance platform […] Source: https://news.bitcoin.com/the-curious-case-of-siqi-chen-scammer-or-saint/
Solana is now quantum-resistant, Solana dev claims
The Solana Winternitz Vault is optional, meaning Solana users will need to choose to store their funds in the Winternitz vaults to be quantum-proof. Source: https://cointelegraph.com/news/solana-is-now-quantum-resistant-solana-dev-claims?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
5th Largest Bank in Turkey to Launch Crypto Trading Service
Garanti BBVA Kripto will allow Garanti BBVA customers to buy and sell cryptocurrencies legally in Turkey. European Banks Expanding Services to Include Crypto Turkey’s fifth largest bank, Garanti BBVA is set to launch its crypto trading services for retail users via its crypto custody platform, Garanti BBVA Kripto. Owned by Spanish banking giant, Banco Bilbao […] Source: https://news.bitcoin.com/5th-largest-bank-in-turkey-to-launch-crypto-trading-service/
Bitcoin at 16: How Bitcoin Challenges Fiat’s Fragile Foundations
While many celebrate Bitcoin’s 16th anniversary it’s always a good idea to reflect on the fact that in contrast to fiat currency, bitcoin represents a fascinating attempt to anchor value in the immutable laws of cryptography, mathematics, and energy rather than the arbitrary decrees of governments. Fiat’s Illusion, Bitcoin’s Reality During its early years the […] Source: https://news.bitcoin.com/bitcoin-at-16-how-bitcoin-challenges-fiats-fragile-foundations/
Record Figures for Crypto Airdrops With Almost $15 Billion Distributed in 2024
Airdrops are transforming blockchain engagement with almost $15 billion given to crypto users in 2024. Massive Surge in Rewards via Airdrops Airdrops have become highly valuable tools for marketing new crypto projects. According to an onchain analysis by Dropstab, a crypto aggregator, $14.91 billion was disbursed by various projects in 2024 to crypto users via […] Source: https://news.bitcoin.com/record-figures-for-crypto-airdrops-with-almost-15-billion-distributed-in-2024/
MicroStrategy eyes more Bitcoin with potential $2B preferred stock offering
MicroStrategy may decide not to move forward with the perpetual preferred stock offering if market conditions aren’t favorable this quarter. Source: https://cointelegraph.com/news/microstrategy-eyes-2-billion-preferred-stock-raise-to-buy-more-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
IRS Crypto Tax Reporting Requirements Stir up Mass Confusion
Some in the crypto community assumed the IRS was backpedaling on reporting requirements, but all requirements are still firmly in place, the agency simply announced a grace period for exchanges to upgrade their technology. IRS Grants Crypto Exchanges More Time to Implement Platform Upgrades Confusion ran rampant on Thursday after several publications posted ambiguous headlines […] Source: https://news.bitcoin.com/irs-crypto-tax-reporting-requirements-stir-up-mass-confusion/
FDIC Took Issue With Banks Using Public Blockchains Like Ethereum, FOIA Docs Reveal
American banks seeking to offer customers services built on public blockchain networks appear to have been discouraged from doing so by the Federal Deposit Insurance Corporation, documents released Friday revealed. The disclosure came courtesy of a trove of newly unredacted crypto-related correspondences between the FDIC and member banks. San Francisco-based cryptocurrency exchange Coinbase obtained the documents via the Freedom of…