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Senator Cynthia Lummis To Lead New Congressional Panel on Bitcoin and Crypto Assets

Senator Cynthia Lummis To Lead New Congressional Panel on Bitcoin and Crypto Assets

Pro-Bitcoin Wyoming Republican Senator Cynthia Lummis has been named the first-ever chair of a new Senate panel devoted to digital assets. The Senate Banking Committee panel will focus on passing bipartisan legislation that boosts the industry while protecting investors. Lummis says there will be a specific focus on market structure, stablecoins and a strategic Bitcoin […]

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SEC Launches Crypto Task Force To Create Clear Regulatory Framework for Digital Assets

SEC Launches Crypto Task Force To Create Clear Regulatory Framework for Digital Assets

The U.S. Securities and Exchange Commission is launching a crypto task force to clarify the rules of the road for digital assets. In a press release, the agency says pro-crypto Commissioner Hester Peirce will lead the agency-wide effort. The move is a clear contrast to the SEC’s stance under the Biden administration, which maintained that […]

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Genius Group to Expand Bitcoin Holdings With $33 Million Rights Issue

Genius Group to Expand Bitcoin Holdings With  Million Rights IssueGenius Group intends to invest 100% of the proceeds from the $33 million rights issue into the acquisition of more bitcoin. Bitcoin is Genius Group’s Favorite Investment Asset Genius Group, an artificial intelligence (AI)-based educational tech company has announced a $33 million rights offering for the company’s ordinary stock with all net proceeds going toward […]

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Sygnum Bank Raises $58 Million With Focus on Bitcoin Technology

Sygnum Bank Raises  Million With Focus on Bitcoin TechnologyThe $58 million that Sygnum Bank has raised will be utilized to diversify its product line with a particular emphasis on Bitcoin technology. Sygnum Bank Doubles Down on Expansion Plans With New Funding Round Sygnum Bank, a digital asset banking group, has announced a strategic $58 million raise in an oversubscribed growth round. Fulgur Ventures, […]

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Senator Warren urges Trump’s Treasury pick to consider stricter crypto regs

One crypto executive speculates Warren’s letter is a veiled attempt to justify an expansion of regulation against “neutral crypto technology providers.”

US Senator Elizabeth Warren has penned an open letter to US President-elect Donald Trump’s pick to lead the US Treasury, urging him to evaluate stricter regulations and enforcement measures for digital assets if he takes office. 

In the Jan. 12 open letter, Warren asked Treasury Secretary-designate Scott Bessent if the Treasury Department should have more power to sanction the crypto sector.

“Should AML/CFT and sanctions programs include risk-based provisions reasonably designed to prevent money laundering or terrorist financing involving digital assets,” wrote Warren, who is soon to be the top Democrat on the Senate Banking, Housing and Urban Affairs Committee. 

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Coinshares: Modest Net Inflows for Digital Assets With Gains for BTC, XRP, SOL and Losses for ETH

Coinshares: Modest Net Inflows for Digital Assets With Gains for BTC, XRP, SOL and Losses for ETHMacroeconomic events shaped the digital assets market over the past week with significant outflows. Digital Assets Investors Reacted Negatively to U.S. Fed’s Hawkish Outlook Coinshares’ weekly digital asset fund flows report revealed that digital asset investments experienced a modest inflow of $48 million last week. Although about $1 billion came in the first half of […]

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Nation-state Bitcoin adoption to drive crypto growth in 2025: Fidelity

Fidelity Digital Assets research analyst Matt Hogan said not making any Bitcoin allocation could become more of a risk to nations than making one.

Countries are expected to add Bitcoin into national strategic reserves in 2025, kicking off significant growth in the crypto market, Fidelity Digital Assets said in its latest research paper.

“We anticipate more nation-states, central banks, sovereign wealth funds, and government treasuries will look to establish strategic positions in Bitcoin,” said Fidelity Digital Assets research analyst Matt Hogan in the firm’s Jan. 7 paper titled “2025 Look Ahead.”

He added that these entities may take notice of the playbook employed by Bhutan and El Salvador “and the substantial returns they have been able to glean from such positions in a relatively short amount of time.”

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South Korea sanctions 15 North Koreans for crypto heists and cyber theft

The sanctioned agents were allegedly generating funds for North Korea’s nuclear weapons development program.

North Korean hackers are being pursued by governments worldwide that blame them for more than half of the value of cryptocurrency stolen during 2024.

Hackers like the infamous Lazarus Group are prime suspects in some of the most notorious cyber thefts in Web3, including the $600 million Ronin network hack.

South Korea is the latest country to impose sanctions against 15 North Korean IT organization members and one related group.

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Nokia files patent for digital asset encryption device and program

A Nokia patent application shows that the company may be moving into digital asset encryption.

Finnish telecom company Nokia filed for a patent on a “device, method and computer program” that can encrypt digital assets. 

On Dec. 23, the China National Intellectual Property Administration (CNIPA), patent office of the People’s Republic of China, disclosed that Nokia Technologies had applied for the digital asset encryption patent.

According to English translations of the application, the patent is for a device and a program with a component that encrypts digital assets.

Translation of filing CN 119155674 A by Nokia Technologies. Source: CNIPA

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Michael Saylor Presents Framework for Digital Assets to Strengthen U.S. Leadership

Michael Saylor Presents Framework for Digital Assets to Strengthen U.S. Leadership.Michael Saylor, co-founder and executive chairman of Microstrategy, has presented a framework that aims to position the U.S. and the dollar as leaders of the global digital economy. Defining what digital assets are, establishing a simplified responsibility model, and specifying standards for their issuance, are Saylor’s ideas to achieve this goal. Michael Saylor Introduces Guidelines […]

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