Author: e_cash_top
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Revolut to suspend crypto services for UK businesses amid regulatory overhaul
[ad_1] Revolut has declared a temporary halt to its cryptocurrency trading services for its business clients in the U.K. This move is in response to projected regulatory modifications, as reported by City A.M. on Dec. 18. The Financial Conduct Authority (FCA) has rolled out a series of new rules for the crypto industry in October,…
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Galaxy Digital eyeing assets held by distressed crypto firms: FT
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Crypto stocks rally as Bitcoin stalls
[ad_1] Coinbase, the largest US-based exchange, COIN stock rose by a meager 0.43% at the beginning of the market to $153, representing a reversal of its 1.61% pre-market decline. COIN is one of the best-performing crypto stocks this year, with a year-to-date (YTD) gain that has eclipsed 300%. Similarly, shares of publicly traded Bitcoin mining…
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Record-breaking day for Bitcoin as transaction fees surge to $24 million
[ad_1] Quick Take Over the past weekend, Bitcoin transaction fees recorded a new milestone. Measured in United States Dollars (USD), Bitcoin experienced the largest single-day spike in fees, reaching approximately $24 million on Dec. 17. This peak surpassed the previous highs of $18 million in May 2023 and $21 million in 2017. Over the past…
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Zilliqa suspends network activity amid critical technical snag
[ad_1] On Dec. 18, the Zilliqa core team announced a critical technical issue affecting block production in their network. The team announced the development on social media and said that it is investigating the issue as a top priority. It added that the technical team is already working on identifying and resolving the problem. Network…
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Beyond JPEGs: Exploring the types of Bitcoin inscriptions
[ad_1] Introduced as a means to embed data within Bitcoin transactions, inscriptions—data or information embedded in a transaction that extends beyond the basic financial transaction details—extend the blockchain’s utility beyond financial exchanges. As of Dec. 18, the Bitcoin blockchain has witnessed the addition of approximately 47.36 million inscriptions, marking a notable development in its use.…
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Crypto heavyweights invest $78 million in US PACs aiming for regulation-friendly legislators
[ad_1] Crypto leaders have collectively raised $78 million for super PACs, focusing on increasing the presence of crypto-friendly lawmakers in Washington, Axios reports. Further, according to a statement from Fairshake, the following entities have shown support for Fairshake: Andreessen Horowitz, Ark, Brian Armstrong, Blockchain Capital, Wences Casares, Circle, Coinbase, Ron Conway, Cumberland, Framework Ventures, Hunter…
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Blockchain private credit and tokenized treasuries value hits combined $1.34B continuing RWA resurgence
[ad_1] In a turnaround from last year’s downturn, real-world assets (RWAs) such as private credit leveraging blockchain technology have witnessed a significant rebound. On-chain Private Credit. According to rwa.xyz, there has been a 127% surge in active private loans via digital ledgers since the beginning of 2023, currently at around $581 million. This recovery, though…
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Solana DEXs momentarily outpace Ethereum amid surge in memecoin, stablecoin activity
[ad_1] On Dec. 16, the trading volume of decentralized exchanges (DEX) on Solana briefly flipped that of Ethereum for the first time amid the continued growth of the smart-contract-enabled blockchain ecosystem. Data from DeFillama shows that the trading volume of DEXs on the blockchain reached $1.536 billion, while Ethereum stood at only $1.164 billion during…
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Bitcoin hash price hits $125k per Exahash, mirroring pre-2020 halving highs
[ad_1] Quick Take The Bitcoin Hash Price, a pivotal barometer for daily miner incomes, has surged to a striking $125,000 per Exahash, a zenith not witnessed since July 2022. Glassnode analyst Checkmate highlighted that we have revisited levels mirroring a similar pre-halving period from 2020. This metric, calculated by taking the ratio between total miner…