The layer-two (L2) initiative BOB, an acronym for ‘Build on Bitcoin,’ successfully secured $10 million during its seed funding round, led by Castle Island Ventures. The financial boost is set to advance the deployment of a Bitcoin L2 that is compatible with the Ethereum Virtual Machine (EVM), aiming to spur creativity across the network and […] Source link
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Nigerian Central Bank Not in Charge of Crypto Regulation, Says Governor – Bitcoin News
According to the governor of the Central Bank of Nigeria, the Securities and Exchange Commission is responsible for regulating cryptocurrencies. However, the governor said the central bank will collaborate with law enforcement agencies and regulators overseeing the Nigerian crypto sector. The Central Bank’s Change of Heart In a surprise announcement, Yemi Cardoso, governor of the […] Source link
Read MoreFetch.ai, Ocean Protocol, and Singularitynet to Merge Tokens Into ‘Artificial Superintelligence’ Coin – Blockchain Bitcoin News
The teams from Fetch.ai, Ocean Protocol, and Singularitynet (SNET), three top projects in artificial intelligence (AI) on the blockchain, have announced their intention to amalgamate their tokens into a unified cryptocurrency named “artificial superintelligence (ASI).” 3 Top AI Tokens to Combine Into a Single Coin Called ‘ASI’ In a communication dispatched to Bitcoin.com News, the […] Source link
Read MoreCFTC Takes Legal Action Against Kucoin, Highlights BTC, ETH, and LTC as Commodities – Regulation Bitcoin News
The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Kucoin, emphasizing the classification of bitcoin, ethereum, and litecoin as commodities. The enforcement action, launched in the U.S. District Court for the Southern District of New York, accuses Kucoin of multiple regulatory breaches involving these digital assets. Kucoin’s Legal Battles Shine a Bright […] Source link
Read MoreGoldman Sachs Says ‘Many of Our Largest Clients’ Getting Active in Crypto – Markets and Prices Bitcoin News
Many of Goldman Sachs’ largest clients are ramping up their activity in the crypto space following spot bitcoin exchange-traded fund (ETF) approvals and BTC price recovery. “The recent ETF approval has triggered a resurgence of interest and activities from our clients,” said Goldman Sachs’ Asia Pacific head of digital assets. Goldman Sachs’ Clients Getting Active […] Source link
Read More‘This Cycle Is Different’ – $86,000,000,000 in Institutional Money Enters Bitcoin in Just Six Months: CryptoQuant CEO – The Daily Hodl
The head of blockchain analytics platform CryptoQuant says that Bitcoin’s (BTC) current market cycle is like none other before for one key reason. Ki Young Ju tells his 340,700 followers on the social media platform X that the level of Bitcoin investment from institutional investors is unprecedented this cycle, totaling $86 billion in the last six months alone. CryptoQuant’s data shows an explosion in Bitcon’s Realized Cap for short-term whales, or the value of the BTC at the price they were last transacted on-chain divided by the number of bitcoins…
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