Fed Chair Jerome Powell has confirmed that the Federal Reserve will not pursue a central bank digital currency, backing legislative efforts and an executive order blocking its creation. Powell Shuts Down CBDC Fears With One Word Federal Reserve Chair Jerome Powell testified before the Senate Banking Committee on Feb. 11, where he responded to concerns
Blockchain metrics firm Glassnode has released data showing that circulating stablecoin supply has skyrocketed to roughly $211.2 billion since the beginning of the year, a $17 billion increase in less than two months. The current rate of increase in the supply is roughly $541 million per day, according to the firm. Specific tokens that were
Wazirx, India’s largest cryptocurrency exchange’s Founder and CEO Nischal Shetty has introduced plans to launch RT tokens those token’s value is equivalent to the value of assets stolen in the $230 million breach the platform endured. Wazirx made a promise to do Transparency With RT Tokens. According to Nischal Shetty Wazirx company has been developing
Uniswap Labs has launched Unichain Mainnet, a decentralized blockchain designed to reduce transaction costs and accelerate decentralized finance (defi) operations. Decentralized Rollup Unichain Goes Live, Targets Defi Scalability The Ethereum layer two (L2) network, tested through 95 million transactions and 14.7 million smart contracts in four months, aims to enhance defi accessibility with 1-second block
HOUSTON – February 11, 2025 — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leader in advanced energy management platforms, today announced it has increased its bitcoin purchases for its Bitcoin Treasury by an additional $10 million to reach a total of approximately $60 million in bitcoin acquisitions. The additional purchases
SUMMARY:- In expert, views say that coinbase to report rapid and strong growth in both subscription & services and transaction revenue for the 4th quarter of 2024 112% increase in trading volume across top exchanges of both Bitcoin and Ethereum because of Donald Trump’s presidential win in the USA In hard challenges in the crypto
FTX will initiate repayments to Convenience Class creditors on Feb. 18, 2025, nearly three years after its November 2022 bankruptcy filing. FTX Creditors to Receive First Distributions Starting Feb. 18, 2025 Eligible creditors in FTX’s Convenience Classes can expect funds within 1-3 business days starting Feb. 18, according to a Feb. 7 announcement. Distributions are
The University of Austin has made a bold move into the world of digital assets by launching a dedicated $5 million bitcoin fund as part of its $200 million endowment. The university partnered with Unchained, a bitcoin financial services company, to launch the fund, and is now the first U.S. university to allocate a portion
The European Union has launched its AI regulation efforts, focusing on definitions, literacy, and prohibitions on high-risk AI. Vladimir Lelicanin, highlights the challenges of risk assessments and documentation for smaller businesses. EU AI Act: Industry, Rights Groups Split On Feb. 2, the European Union (EU) launched its effort to regulate artificial intelligence (AI) by unveiling
The launch of Berachain’s BERA token has reignited debates over venture capital-backed (VC) coins, with critics pointing to its low circulating supply and high fully diluted valuation (FDV) as key concerns. Quick Take delivers key facts fast—concise, clear, and easy to read. Perfect for busy readers. The Controversy After an initial 71% surge, BERA plunged 63%.