According to Greyscale, Bitcoin is set to hit a new all-time high against the dollar. Those record highs come at the expense of the US economy, the firm's head of research said. Bitcoin is about to earn its reputation as a kind of digital gold — for bad reasons for the US economy. According to … Read more
The Solana-based UXD protocol is being deprecated. UXD is voting to sunset the DAO protocol. The process can take up to two years. Solana-based stablecoin provider with UXD protocol $7.5 million is winding down its operations in consumer deposits and returning unused capital to investors, the project said Announced On Monday. The UXD team blamed … Read more
Compound DAO turns over $25 million after regime attack Experts say digital collectives need to have a professional presence to thrive. Projects are already preparing ways to share revenues. With more than 50,000 decentralized autonomous organizations regulating the crypto industry $20 billionDAOs are now bigger and richer than ever. There's just one major problem — … Read more
Ghana's central bank has conducted a review on the growing use of crypto. It has submitted a draft on how to regulate VASPs. The bank sought feedback from the public and the crypto industry. Issued by the Central Bank of Ghana, a West African nation of 30 million people Draft guidelines For digital assets after … Read more
Crypto exchange Binance has resumed operations in India. It was blocked when it failed to register with India's FIU. Binance has been successfully registered in compliance with AML rules. Binance, the world's largest crypto exchange, has resumed operations in India seven months after it was blocked by local authorities when it failed to register. India … Read more
IMF proposes taxes to increase electricity costs for miners, data centers Higher energy costs drive the industry towards increased efficiency. Cross-border coordination is important for energy taxes, IMF says. Higher energy taxes to increase the cost of electricity used by crypto miners and artificial intelligence data centers will help curb carbon emissions in the future. … Read more