Denmark, which holds the European Council presidency, has reportedly withdrawn the proposal that would have forced platforms like Telegram, WhatsApp and Signal to allow authorities to screen messages before they’re encrypted and sent. The proposed legislation, known as Chat Control, was first introduced in May 2022 as a method to combat the spread of illicit…
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Bitcoin could be in the middle of an unofficial initial coin offering (ICO) as OG coin holders rotate out and fresh blood scoops up the tokens, distributing the supply across a broader number of people, macro analyst and Wall Street old hand Jordi Visser says. In a Saturday episode of entrepreneur Anthony Pompliano’s podcast and…
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Scandinavia’s largest bank, Nordea, has shifted its stance on crypto in the face of growing adoption and regulatory clarity, announcing its customers can access an external Bitcoin-linked exchange-traded product (ETP) in December. The Bitcoin ETP, developed by digital asset investment firm CoinShares, holds Bitcoin (BTC) as its underlying asset, Nordea stated on Thursday. The ETP…
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US-listed spot Bitcoin exchange-traded funds (ETFs) shed $470 million on Wednesday as the price of Bitcoin briefly fell to $108,000 before recovering, according to data from Farside Investors. Fidelity’s FBTC led the exodus with $164 million, followed by ARK Invest’s ARKB, which saw a pullback of $143 million. BlackRock’s IBIT rounded out the top three…
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The European Central Bank is reportedly aiming to launch its digital euro in 2029, provided a legal framework can be hammered out. Officials working on the central bank digital currency will continue to lay the groundwork after the current preparation phase concludes this month, Bloomberg reported on Wednesday, citing people familiar with the matter. ECB…
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Australia’s corporate regulator has released updated guidance on digital assets, which blockchain executives have welcomed, while airing concerns on the speedy issuance of licenses. The Australian Securities and Investments Commission updated its Info Sheet 225 on Wednesday, announcing that companies offering crypto services classified as financial products will need to become a member of the…
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A new Bitcoin improvement proposal for a soft fork, created by core developer Luke Dashjr, has sparked outrage on X over a section that some claim is threatening legal consequences for those who reject the fork. The proposal, published on Friday, is the latest salvo in the recent Bitcoin Core vs Knots debate, which revolves…
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The US Secretary of Energy has urged the Federal Energy Regulatory Commission (FERC) to write new rules that will make it faster for large electricity consumers, such as AI data centers and Bitcoin mining operations, to directly connect to the power grid. In a letter released on Thursday, US Energy Secretary Chris Wright asked the…
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A “Satoshi-era” Bitcoin wallet with $442 million worth of BTC has become the latest sleeping Bitcoin giant to wake, shifting some of its funds for the first time in 14 years. The unknown owner of the wallet made most of its stash mining 4,000 Bitcoin (BTC) between April and June 2009, only a few months…
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Debt among Bitcoin miners has increased from $2.1 billion to $12.7 billion in just 12 months as they race to meet demands for artificial intelligence and Bitcoin production, according to investment giant VanEck. Without continued investment in the latest machines, a miner’s share of the global hashrate deteriorates, resulting in a reduced share of the…
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