Russia’s issuance of digital financial assets could reach 10 trillion rubles (approximately $101.36 billion) by 2026, according to Sberbank Deputy Chairman Anatoly Popov. Speaking in Moscow, Popov noted that the current market volume for digital financial assets in Russia has already surpassed half a trillion rubles in 2024, reflecting significant growth. He projected that this […]
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Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice
A Norwegian expert committee advising lawmakers has recommended no immediate need to adopt a central bank digital currency (CBDC). Despite the declining use of cash, which dropped to just 2% of transactions at physical points of sale during the pandemic, the committee emphasized cash’s importance for secure and inclusive payments. It advised starting work on […]
Read MoreHive Announces Paraguayan Mining Site Construction Update, Hardware Revamp
Hive Mining, a data center and crypto mining company, gave an update on the construction of a Paraguayan bitcoin mega mining site that will host 100MW of mining hardware. The company also revealed a purchase of nearly $20 million in mining ASICs to revamp its current equipment. Hive Doubles Down on Paraguayan Mining Bet, Announces […]
Read MoreJPMorgan CEO Excluded From Trump’s Visionary Administration
U.S. President-elect Donald Trump has announced that JPMorgan Chase CEO Jamie Dimon, a vocal crypto critic, will not be invited to join his administration. Trump wrote on his social media platform Truth Social on Thursday: “I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the […]
Read MoreProsecutors Ease Off: Crypto Crimes Lose Spotlight in Manhattan
The U.S. Attorney’s Office in Manhattan will scale back its focus on cryptocurrency crimes after securing high-profile convictions, including FTX founder Sam Bankman-Fried (SBF), according to Scott Hartman, co-chief of the securities and commodities task force at the Southern District of New York (SDNY). Hartman noted that while crypto cases will not be ignored, fewer […]
Read MoreBreaking BRICS: Analyst Warns of Trump’s Bid to Weaken Global Alliance
Trump’s foreign policy will target BRICS as its main adversary, aiming to disrupt the coalition and counter the influence of China and Russia, an analyst predicts. Analyst Sees the Battlefields of Trump’s Vision to Reshape Global Power At a roundtable held by the Expert Institute for Social Research (EISR) in Moscow on Friday, political analyst […]
Read MoreTrump Appoints Former SEC Chair to a Role That Could Influence Crypto Oversight
U.S. President-elect Donald Trump has appointed former SEC Chair Jay Clayton to a key role, drawing attention to his crypto regulatory legacy and enforcement record. Former SEC Chair Steps Into a Role That Could Redefine Legal Power U.S. President-elect Donald Trump has announced the nomination of former U.S. Securities and Exchange Commission (SEC) Chair Jay […]
Read MoreA Crypto Mixer’s Endgame: Helix Operator Sentenced With $400M Asset Forfeiture
The DOJ has sentenced the operator of Helix, a cryptocurrency mixer, to prison and ordered the forfeiture of over $400 million in assets tied to money laundering. DOJ Ends Helix’s Reign: Operator Sentenced The U.S. Department of Justice (DOJ) announced Friday that Larry Dean Harmon, 41, of Akron, Ohio, was sentenced to three years in […]
Read MoreGoldman Sachs’ Bold Bet: Bank Boosts Its Bitcoin ETF Stake to $710 Million
The substantial increase in Goldman Sachs’ bitcoin ETF holdings demonstrates the growing interest of institutional investors in bitcoin. Institutional Investments in Bitcoin Keeps Rising The U.S. Securities and Exchange Commission’s (SEC) 13F report for Q3 ending Sept. 30 revealed that Goldman Sachs now owns $710 million in cryptocurrency assets. The 13F report is a mandatory […]
Read MoreSolidion Technology Allocates 60% of Its Cash to Buying Bitcoin
Solidion Technology follows other institutional investors such as Microstrategy by purchasing bitcoin with a plan for future acquisitions. Strategic Bitcoin Allocation for Solidion Treasury Solidion Technology, a provider of advanced battery materials, announced on Thursday that it had invested a portion of its excess cash reserves in bitcoin. This strategic move aligns with the company’s […]
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