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Circle predicts stablecoins will become mainstream global payment method

Stablecoin issuer Circle expects internet payment firms and other financial services companies will attempt to enter or expand in the space.

Ethereum developers consider splitting Pectra upgrade, eye February target 

An Ethereum developer warned that if nothing is released by June 2025 following a split, it would be regarded as “a failure.”

Norway town campaigns to close Bitcoin mine, electricity costs jump 20%

The Noranett network manager estimates that, following the Bitcoin mining closure, the average household in Hadsel could face an additional annual cost equivalent to $280 USD.

Bitcoin ETFs may face hacker threats, Ellison seeks no prison time, and more: Hodler’s Digest, Sept. 8 – 14

Caroline Ellison’s lawyers say she “poses no threat to public safety” and Bitcoin ETFs attractive to hackers due to the potential payout.

Chinese gov't mulls anti-money laundering law to 'monitor' new fintech

According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024.

Bitfarms accelerates 2.2 EH/s hosting agreement with Stronghold

According to Bitfarms, the mining hardware was originally scheduled to be deployed in Yguazu, Paraguay sometime in December 2024. 

SEC crypto ‘overreach’ cost small investors $15B: John Deaton

According to a popular pro-crypto attorney and Senate candidate, the SEC's overreach into the crypto industry has cost retail investors over $15 billion in losses.

Meta to resume AI training in UK after regulatory pause

The tech giant will use public information, including posts, comments, photos, and captions from adult users on Instagram and Facebook.

Crypto millionaire loses $43 million in Ether-Bitcoin trading bet

Fickel is one of the world's wealthiest cryptocurrency investors, currently holding more than $4.8 million worth of Ether.

USDC issuer Circle announces HQ move to New York ahead of IPO

2025 could bring stablecoins into the mainstream, after 2024 introduced a "turning point year in crypto," according to Circle's Allaire.

Hong Kong should try to speed up crypto regulation: First Digital CEO

First Digital Trust, which provides crypto custody services for institutions, says that Hong Kong is not yet ready to regulate USD-backed stablecoins.

Rep. Torres 'happy' to help CFTC in regulating election betting contracts

New York Congressman Ritchie Torres stated he is "more than happy" to work with the CFTC to develop a plan for regulating election betting contracts in the United States.

Bitcoin reclaims $60K and ‘this time is different,’ says analyst

Bitcoin reclaimed the $60,000 price level for the first time in 14 days, amid a month that is typically perceived as bearish for Bitcoin.

Crypto may swing election in battleground states — law professor

According to a 2024 analysis by the Federal Reserve, 7% of adults in the United States currently hold or have used crypto in the past.

Tether onboards head of government affairs from PayPal

Jesse Spiro said he intended to work with industry leaders and lawmakers to help grow the ecosystem in his role at Tether.

Crypto Biz: Crypto fever hits wealth managers

This week’s Crypto Biz explores the launch of new crypto ETFs, CleanSpark’s acquisition of new mining sites, another round of conflict between Bitfarms and Riot, and more.

‘Godmother of AI’ launches World Labs with $230M funding at $1B valuation

The company’s focus will be on developing artificial intelligence with 3D perception.

Did the crypto market bottom this week? — Here’s what the data shows

Bitcoin is chasing $60,000, and altcoins are showing modest gains today. Does that mean the crypto market has bottomed?

Coinbase’s ‘Stand With Crypto’ creates NFT legal defense fund

Coinbase has emerged as a vocal advocate for the crypto industry in the face of ongoing regulatory crackdowns in the United States.

Sam Bankman-Fried files appeal for felony conviction

Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial and was convicted of seven felony counts and sentenced to 25 years in prison.

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