Many in the crypto industry are still reeling from an appellate court decision that the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) overstepped in sanctioning certain smart contracts associated with the cryptocurrency mixer Tornado Cash. image
Cointelegraph
US Treasury under Trump could take a different approach to Tornado Cash
After a court decision favoring Tornado Cash users, many are speculating how the US Treasury Department under Donald Trump might change its approach.
November’s market activity has spurred a surge in stablecoin trading, buoyed by the heightened institutional confidence in the digital assets industry. image
Cointelegraph
Stablecoin trading volume surges to $1.8T in November
Stablecoins trading volume saw a sharp increase in November, rising to $1.81 trillion as of Nov. 25.
In this week’s newsletter, read about how non-fungible token (NFT) sales have continued their upward momentum, and find out why Sky Mavis, the company behind Axie Infinity, laid off 21% of its workforce. In other news, crypto exchange Kraken is winding down its NFT marketplace and FIFA and Mythical Games will collaborate on a blockchain game. image
Cointelegraph
NFTs hit $158M weekly sales, Sky Mavis lays off 21% of workforce: Nifty Newsletter
Kraken’s NFT marketplace will shut down while Sky Mavis lays off 21% of its staff. All that and more in this week’s Nifty Newsletter!
Bitcoin’s valuation metrics suggest the bull market is far from over and could be setting the stage for even further highs. With no signs of overvaluation typically seen at price peaks, analysts are eyeing a current potential target of $146,000 in this cycle. image
Cointelegraph
Bitcoin’s metrics suggest bull market is far from overvalued
Bitcoin’s metrics show no signs of overvaluation, and analysts eye a potential target of $146,000 in this bull cycle.
President-elect Donald Trump’s team has signed an agreement with the White House unlocking key transition briefings and activities after a lengthy delay amid concerns, in part, over a mandatory ethics agreement. image https://edition.cnn.com/2024/11/26/politics/trump-team-signs-transition-agreement/index.html
As Bitcoin trades near new highs, the level of financial literacy in the cryptocurrency community still leaves much to be desired, according to a new report. image
Cointelegraph
Crypto literacy at ‘dangerously low’ levels, new report warns
As Bitcoin trades near all-time highs, the level of financial literacy among global crypto investors is “dangerously low,” according to PiP Wor...
Crypto exchange Kraken is shutting down its non-fungible token (NFT) marketplace just over a year after its launch. image
Cointelegraph
Kraken winds down NFT marketplace
Kraken is shutting down its NFT marketplace and shifting resources to new products and services.
NYSE Arca has filed to list and trade shares of an exchange-traded product offered by asset management firm Bitwise that would hold Bitcoin and Ether. image
Cointelegraph
Bitwise files S-1 registration for ETF tied to Bitcoin and Ether
On Nov. 26, Bitwise announced its intention to launch trading for a spot Bitcoin and Ether exchange-traded product on the NYSE Arca exchange.
A newly proposed bill in Brazil’s Congress plans to establish a sovereign federal Bitcoin Reserve, potentially reshaping the country’s approach to digital assets. image
Cointelegraph
Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks
A Brazilian lawmaker introduces a bill to establish a sovereign federal Bitcoin Reserve.
Greece is on track to establish itself as a regional hub for technology and artificial intelligence with the development of two new data centers by French firm Data4. image
Cointelegraph
Greece breaks ground on new data center, advancing tech and AI hub ambitions
France’s Data4 and the Greek government have started constructing a new data center near Athens, aiming to establish Greece as a strategic hub fo...