The White House carefully considered Binance founder Changpeng Zhao’s pardon and went through the standard processes before sending it to President Donald Trump for his approval, says White House press secretary Karoline Leavitt. Trump defended the pardon in an interview with CBS News’ 60 Minutes on Sunday, saying he had “no idea” who Zhao is…
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White House press secretary Karoline Leavitt says Donald Trump’s pardon of Binance founder went through a “thorough review process” before the president signed it off. Source link
Digital asset treasuries will soon evolve beyond being “static vaults” for well-known cryptocurrencies and instead look to offer tokenized real-world assets, stablecoins and other assets that generate yield, according to crypto executives. “The next phase of Web3 treasuries is about turning balance sheets into active networks that can stake, restake, lend, or tokenize capital under…
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Bitcoin mining company Cipher Mining surged more than 32% after revealing a new 15-year deal with tech giant Amazon, adding to a wave of partnerships between major technology companies and crypto miners. The 15-year lease agreement with Amazon Web Services, valued at $5.5 billion, requires Cipher to provide turnkey space and power for AI workloads…
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Privacy-concerned citizens are celebrating as Denmark withdraws its proposal for the mandatory scanning of messages on platforms like Telegram, Signal and WhatsApp. Source link
Denmark, which holds the European Council presidency, has reportedly withdrawn the proposal that would have forced platforms like Telegram, WhatsApp and Signal to allow authorities to screen messages before they’re encrypted and sent.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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