U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether’s USDT
Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill.
Financial
Financial
Bitcoin Miner Marathon Digital Beats Q3 Earnings Estimates, but Misses on Revenue
The company sees 2023 mining power guidance reaching 26 EH/s, making it the largest bitcoin mining firm in terms of hash rate.
Financial
Binance Has No Real Argument for Dismissing SEC Suit, Regulator Says
The SEC pushed back against Binance’s motion to dismiss its lawsuit in a new filing.
Financial
Bitcoin Breakout Toward $45K ‘Imminent’ Says Matrixport
Polygon’s MATIC and Chainlink’s LINK led altcoin gains Wednesday afternoon.
Financial
Arbitrum Voters Polarized Over ‘Research’ Pitch With $2M Price Tag
Proposed coalition of professional researchers could help “accelerate decision-making” at the Ethereum layer-2 project, but complaints have surfaced over the cost and potential conflicts of interest.
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U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push
Representatives of the company are answering questions from two divisions of the U.S. Securities and Exchange Commission in the wake of Grayscale’s court win over the agency.
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Bitcoin Pushes Towards $36K Ahead of Last Approval Period For Spot ETFs This Year
Analysts at Bloomberg predict that if a spot bitcoin ETF is not approved in this period, there’s still a 90% chance for approval by Jan. 10.
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The Protocol: Kraken Awakens – as Ethereum L2 Candidate
In this week’s edition of The Protocol newsletter, we look into how Kraken is reportedly considering launching its own layer-2 blockchain, following Coinbase’s recent launch of a similar network, amidst a broader trend of companies creating Ethereum-based transaction solutions.
Financial
Bitcoin Fees Soar Nearly 1000% Since August as Ordinals Are Back in Vogue
Higher fees are also boosting bottom lines for the industry’s beleaguered miners, 21Shares noted.
Financial
BIS Researchers Say Stablecoins Are Failing to Live Up to Promise
For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said.