New Privacy Bill Aims to End Government’s Grip on Americans’ Financial Data

The Saving Privacy Act, aimed at curbing federal surveillance of Americans’ financial data, is gaining momentum. Backers argue the government has overreached, violating privacy rights without effectively targeting criminals. Provisions include repealing... Read more »

El Salvador president Nayib Bukele donates 2 Bitcoin towards building 1,000 schools in Honduras

El Salvador’s President Nayib Bukele has donated two BTC, valued at approximately $133,000, to support the construction of 1,000 schools in Honduras, according to an Oct. 24 X (formerly Twitter) video. In... Read more »

Uncharted Territory: Bitcoin’s Mining Difficulty Reaches New Extremes

Bitcoin’s difficulty has soared once again at block height 866,880, reaching a record-breaking 95.67 trillion. Meanwhile, the network’s computational power is keeping pace, operating at a blazing 729.13 exahash per second (EH/s)... Read more »

Tesla keeps Bitcoin holdings intact as Q3 earnings reveal strong profit margins

Key Takeaways Tesla retains 11,509 BTC valued at approximately $765 million during its Q3 2024 earnings call. Tesla’s Q3 earnings showed a 19.8% gross margin, exceeding expectations and improving over previous quarters.... Read more »

Buterin proposes radical shift in Ethereum to reduce hardware requirements

Ethereum co-founder Vitalik Buterin has unveiled the latest roadmap phase, “The Verge,” which proposes a groundbreaking shift in blockchain technology to make transaction verification possible on devices as small as smartwatches —... Read more »

UK Stands Firm on Tough Crypto Regulations, Warns Against Lowering Crypto Standards

A Financial Conduct Authority (FCA) official has emphasized the importance of high regulatory standards for crypto asset registrations. She defended the UK’s stringent rules, aiming to protect consumers and financial markets while... Read more »

Vitalik Buterin outlines how Ethereum’s Verge can bring blockchain nodes to smartwatches

Ethereum co-founder Vitalik Buterin has laid out further plans to improve the blockchain’s Proof-of-Stake (PoS) system through a new upgrade called “The Verge.” In a blog post published on Oct. 23, Buterin... Read more »

BTC Miner Core Scientific Expands Contract With Coreweave, Eyes $8.7B in HPC Revenue

Core Scientific has revealed that Coreweave has chosen to expand its high-performance computing (HPC) infrastructure by another 120 megawatts (MW), pushing the total contracted capacity to around 500 MW. Core Scientific and... Read more »

BIS urges caution as finance industry embraces asset tokenization

The Bank for International Settlements (BIS) has issued a cautionary report as traditional financial institutions accelerate their exploration of tokenization, raising concerns over governance, legal frameworks, and financial stability. Tokenization, which converts... Read more »

Crypto On/Off Ramp Discloses Breach, Says 1.14% of Users Affected

Transak, a cryptocurrency on/off-ramp service, confirmed on Oct. 21 that experienced a data breach affecting 1.14% of its users. A ransomware group claimed to have obtained sensitive data but Transak confirmed only... Read more »
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