Messaging app Telegram founder and CEO Pavel Durov warns that a “dark, dystopian world” is approaching, with governments worldwide rolling back privacy protections. “I’m turning 41, but I don’t feel like celebrating. Our generation is running out of time to save the free internet built for us by our fathers,” said Durov in an X…
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Despite previously supporting a crypto market structure bill, several Democratic Senators have reportedly introduced a counter-proposal that could see decentralized finance protocols placed on a “restricted list” if deemed too risky. This move, among others, it proposed could “kill DeFi,” according to its critics. The Senate Banking Committee Democrats sent a proposal to the committee’s…
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Jack Dorsey, founder of payments company Square, has urged the introduction of a de minimis tax exemption on small Bitcoin (BTC) transactions to help make the cryptocurrency more suitable for everyday payments. “We want Bitcoin to be everyday money ASAP,” Dorsey said on Wednesday, following Square’s integration of Bitcoin payment services for merchants using the…
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Bitcoin advocate Roger Ver, known to many in the crypto industry as “Bitcoin Jesus,” has reportedly reached a deal with the US Department of Justice that could allow him to avoid prison time. According to a Thursday New York Times report, Ver’s lawyers reached a tentative agreement with US authorities that would require the Bitcoin…
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The European Union should foster the development of euro-denominated stablecoins to compete with US dollar-denominated tokens, according to Pierre Gramegna, the managing director of the European Stability Mechanism (ESM), an economic crisis organization for the EU. “Europe should not be dependent on US dollar-denominated stablecoins, which are currently dominating markets,” Gramegna said at Thursday’s hearing…
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Peru’s banking regulator has authorized a pilot crypto platform, marking the country’s first regulated foray into digital assets. The project, dubbed Cryptococos, will allow select clients of Banco de Crédito del Perú (BCP) to buy and hold Bitcoin and USDC under BitGo’s custody. To participate in the pilot, users must register, prove a minimum banking…
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Bitdeer Technologies Group (BTDR), a Bitcoin mining and infrastructure company, is ramping up its self-mining operations amid weakening demand for mining rigs — highlighting how some hardware makers are shifting strategies to stay competitive during the current Bitcoin bull market. According to an Oct. 9 Bloomberg report, Bitdeer is accelerating its pivot toward mining Bitcoin…
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Cryptocurrency exchange Bybit has secured a Virtual Asset Platform Operator License from the Securities and Commodities Authority of the United Arab Emirates (UAE), eight months after the regulator granted the company in-principle approval. In a Thursday notice, Bybit said approval from the UAE financial regulator would allow the exchange to offer its global products and…
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A bill intended to establish a Bitcoin strategic reserve for the US state of Massachusetts received a tepid response after its first legislative action in eight months. In a Tuesday hearing of the Massachusetts legislature’s Joint Committee on Revenue, state Senator Peter Durant testified regarding the bill he sponsored, “an Act relative to a Bitcoin…
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Key points: Bitcoin risks new October lows as sellers regain control and BTC price discovery gets put on hold. Targets include the local range lows at around $108,000 amid bearish divergences. Strength is lacking as daily losses near 3%. Bitcoin (BTC) neared weekly lows after Thursday’s Wall Street open as sellers kept bulls away from…
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