Bitcoin ‘power of 3’ setup targets $103K by President-elect Trump’s inauguration day
A “power of 3” pattern popped up on Bitcoin’s chart, suggesting that prices above $100,000 will occur before President-elect Trump takes office.
Sigma Capital’s $100M fund plans to invest in 100 Web3 projects
The Dubai-based venture capital firm said it plans to invest in 100 early-stage Web3 projects, 25 liquid tokens and 10 fund-of-fund allocations.
US Senate Banking Committee chair says crypto framework will be a priority
With a Republican majority having taken control of the US Senate in January, Tim Scott said the Banking Committee would have an “open-minded environment” for digital assets.
Hong Kong court serves tokenized legal notice to illicit Tron wallets
Hong Kong is taking a unique approach to combatting crypto theft by using tokenized legal notices. These notices are specifically targeting anonymous crypto wallets that are believed to contain stolen assets.
The use of tokenized legal notices is a new and innovative strategy that Hong Kong is implementing in order to recover stolen assets from the crypto world. These notices are essentially digital tokens that represent a legal claim against the assets held in the targeted wallets. By issuing these tokens, Hong Kong is able to establish a legal claim on the assets and potentially recover them.
This approach is particularly effective in targeting anonymous wallets, as it allows authorities to bypass the need for identifying the owners of the wallets. In the past, recovering stolen crypto assets has been a difficult and time-consuming process due to the anonymity of the wallets. However, with the use of tokenized legal notices, Hong Kong is able to directly target the assets without needing to identify the owners.
This move by Hong Kong is a significant step towards combating crypto theft and protecting investors. With the increasing popularity and value of cryptocurrencies, the risk of theft has also risen. By implementing this new strategy, Hong Kong is sending a strong message to potential thieves that they will not get away with their crimes.
The use of tokenized legal notices also highlights the potential of blockchain technology in the legal sector. By utilizing blockchain, these notices are able to be securely issued and tracked, ensuring that the legal claims are valid and cannot be tampered with.
Overall, Hong Kong’s use of tokenized legal notices is a promising development in the fight against crypto theft. It not only provides a more efficient and effective way to recover stolen assets, but also showcases the potential of blockchain technology in the legal world.
CFTC mulling probe of Crypto.com over Super Bowl contracts: Report
The Commodity Futures Trading Commission (CFTC) is reportedly looking into the legality of sports betting event contracts offered by Crypto.com, just weeks before the highly anticipated Super Bowl match. According to Bloomberg, the CFTC is considering launching an investigation into the popular cryptocurrency platform’s sports betting offerings.
This news comes at a time when the cryptocurrency industry is facing increased scrutiny from regulatory bodies. With the recent surge in popularity and value of cryptocurrencies, regulators are taking a closer look at how these digital assets are being used and traded.
The CFTC, which is responsible for regulating the futures and options markets in the United States, is particularly interested in Crypto.com’s sports betting event contracts. These contracts allow users to bet on the outcome of sporting events using cryptocurrency, rather than traditional fiat currency.
While the use of cryptocurrency in sports betting is not new, it has gained more attention in recent years as the popularity of both industries continues to grow. However, the legality of these types of contracts is still a grey area, and the CFTC’s potential investigation could shed more light on the matter.
Crypto.com, a leading cryptocurrency platform, has been expanding its offerings beyond just trading and investing in digital assets. The company has been actively promoting its sports betting event contracts, particularly in the lead up to the Super Bowl, which is one of the biggest sporting events in the world.
As the CFTC considers launching a probe into Crypto.com’s sports betting contracts, the cryptocurrency industry will be closely watching to see how this could impact the future of using digital assets in the world of sports betting. With the growing popularity of both industries, it is crucial for regulators to carefully examine and regulate these types of offerings to ensure the protection of consumers and the integrity of the markets.
BitPay processed 600K crypto transactions in 2024 led by LTC, BTC, ETH
Litecoin, Bitcoin, and Ether are three of the most popular cryptocurrencies in the world. These digital currencies have gained immense popularity in recent years, with more and more people investing in them. One of the main reasons for their popularity is the high number of transactions they see on a daily basis.
According to recent data, Litecoin has emerged as the leader in terms of the number of transactions. This comes as no surprise, as Litecoin has been consistently performing well in the market. In fact, it has been one of the top-performing cryptocurrencies in the past few years. Its fast transaction speed and low fees make it a preferred choice for many users.
Following closely behind Litecoin is Bitcoin, the first and most well-known cryptocurrency. Despite its high transaction fees and slower processing time, Bitcoin remains a popular choice for investors and traders. Its value has also been steadily increasing, making it a lucrative investment option.
In third place is Ether, the native cryptocurrency of the Ethereum blockchain. Ether has gained a lot of attention in recent years due to its use in decentralized applications (DApps) and smart contracts. Its transaction volume has also been steadily increasing, making it a strong contender in the cryptocurrency market.
The high number of transactions for these three cryptocurrencies is a testament to their growing adoption and usage. As more and more merchants and businesses start accepting them as a form of payment, their transaction volume is only expected to increase further.
Moreover, the increasing number of transactions also reflects the growing interest and trust in cryptocurrencies as a whole. With the rise of decentralized finance (DeFi) and the potential for blockchain technology to revolutionize various industries, it is no surprise that more people are turning to cryptocurrencies as a viable investment option.
In conclusion, Litecoin, Bitcoin, and Ether continue to dominate the cryptocurrency market, with Litecoin leading the way in terms of transaction volume. As the world becomes more familiar with and accepting of cryptocurrencies, we can expect to see even more impressive numbers in the future.
Uniswap Labs to integrate API with Ledger Live for DeFi swaps
Uniswap is set to integrate with Ledger Live, enabling token swaps directly via self-custody wallets and introducing clear signing for secure DeFi transactions.
Bitcoin reserves interest gains momentum across 5 continents
Politicians globally are arguing that a Bitcoin reserve would benefit their country.
World rival Humanity inches closer to mainnet with foundation launch
In contrast to World’s iris scanning, Humanity’s palm scans are more user-friendly and maintain a high level of security, according to Humanity’s founder.
Senator Warren urges Trump’s Treasury pick to consider stricter crypto regs
The recent letter from Senator Elizabeth Warren to Treasury Secretary Janet Yellen regarding the risks of cryptocurrency has sparked a debate within the crypto community. While some see it as a legitimate concern, others view it as a veiled attempt to justify increased regulation against “neutral crypto technology providers.”
Warren’s letter highlights the potential risks associated with cryptocurrency, such as its use in illegal activities and its volatility. She also expresses concern about the lack of consumer protection and the potential for market manipulation. However, some in the crypto industry argue that these risks are not unique to cryptocurrency and can be found in traditional financial systems as well.
One crypto executive believes that Warren’s letter is a thinly veiled attempt to push for stricter regulations on cryptocurrency. They argue that by painting crypto as a risky and dangerous technology, Warren is laying the groundwork for increased government control and oversight. This, in turn, could stifle innovation and hinder the growth of the industry.
Others in the crypto community see Warren’s letter as a call for collaboration and dialogue between regulators and the crypto industry. They believe that by addressing the concerns raised by Warren, the industry can work towards finding solutions that balance consumer protection with innovation.
Despite the differing opinions, one thing is clear: the conversation around cryptocurrency regulation is far from over. As the industry continues to grow and gain mainstream attention, it is inevitable that it will face increased scrutiny and calls for regulation. However, it is important for regulators to approach this issue with an open mind and a willingness to work with the industry to find solutions that benefit both consumers and innovation. Only then can we truly harness the potential of cryptocurrency and its underlying technology.