Author: Oluwapelumi Adejumo

China-based crypto mining chip designer Nano Labs is now accepting Bitcoin as fee for its merchandise by way of its enterprise account on Coinbase, in response to a Nov. 11 assertion.The agency mentioned it adopted Bitcoin funds in response to rising demand for digital forex choices within the tech world. It added that the fee flexibility is meant to learn purchasers and companions, particularly as companies worldwide embrace crypto for streamlined, safe cross-border transactions.Nano Labs mentioned the transfer positions it favorably to draw a broader viewers of tech-forward purchasers who prioritize versatile, digital fee techniques.Nano Labs was based in 2019…

Coinbase, the biggest crypto buying and selling platform primarily based within the US, has seen its inventory climb above $300—a milestone not reached since November 2021.Knowledge from Yahoo Finance exhibits that the bounce displays a roughly 11% improve at market opening and coincides with Bitcoin’s latest surge above the $83,000 mark. This strongly aligns with Coinbase’s inventory efficiency and the broader crypto market rally.Coinbase Shares (Supply: Tradingview)Market observers have linked this correlation between cryptocurrencies and associated shares to the “Trump commerce” impact.Over the previous week, industries anticipated to learn from a Trump administration have proven a marked improve, with the…

Enterprise capital agency Andreessen Horowitz (a16z) views Donald Trump‘s reelection as a major catalyst for the US crypto business.In a Nov. 11 publish, agency leaders Miles Jennings, Brian Quintenz, and Michele Korver shared their optimism that this political shift might bolster bipartisan efforts and open doorways for US-led crypto innovation on a world scale.The executives acknowledged previous obstacles below enforcement-heavy regulation, typically stifling professional ventures whereas giving dangerous actors a free move. This strategy, they argued, did extra hurt than good, damaging shopper belief and blocking good-faith initiatives.Nonetheless, they see a possibility for productive engagement with lawmakers, paving the way…

Cardano founder Charles Hoskinson has introduced plans to collaborate with the upcoming Donald Trump administration to develop clear crypto laws. This comes amid a notable 34% rise in Cardano’s ADA token following a broader crypto rally that pushed Bitcoin to a brand new all-time excessive. Hoskinson to Assist Form Crypto Coverage With Trump Administration On November 9, Hoskinson shared in a video on social platform X that he intends to work with the Trump administration to ascertain a regulatory framework for the cryptocurrency sector. “I’m going to be spending fairly a little bit of time working with lawmakers in Washington…

Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu community, has revealed plans to suggest to the brand new presidential administration the creation of a “Strategic Hub for Innovation and Blockchain” (S.H.I.B.) in a US metropolis. Kusama shared this imaginative and prescient on November 9, responding to stories that President-elect Donald Trump might set up as much as ten “freedom cities” on federal land. How SHIB Metropolis Would Profit America Final week, Kusama outlined his proposal for a strategic blockchain hub in the USA, designed to function a “Silicon Valley for crypto.” With an estimated funds of $2.35 billion…

On November 8, the administrator overseeing FTX’s chapter filed greater than 20 new lawsuits, ramping up authorized actions in opposition to a number of entities. These lawsuits point out a concerted effort by FTX to recuperate property from a number of firms and people. Since November 2022, the FTX Debtors have filed 51 adversary actions, with 30 of them occurring in latest weeks. FTX Targets $1 Billion in Losses With New Lawsuits In response to paperwork from the FTX chapter docket, a lot of the newest filings deal with varied claims, together with political contributions, the defunct trade philanthropic efforts,…

Tether, the issuer of the favored stablecoin USDT, introduced the profitable completion of its first crude oil transaction within the Center East. This marks a major step towards Tether’s objective of getting into the commodities buying and selling sector as a lender. Tether’s Oil Commerce Indicators Shift Towards Broader Commodity Investments In October, Tether‘s funding arm financed a bodily crude oil commerce, marking its entry into the area’s vitality sector. The transaction used USDT to facilitate the switch between the most important publicly traded oil firm and a number one commodity dealer. This milestone concerned the loading and transport of…

Prediction platforms, like Polymarket, lately attracted vital consideration in the course of the US elections for his or her distinct function in forecasting outcomes. Nonetheless, Ethereum co-founder Vitalik Buterin believes these platforms maintain even larger potential, envisioning their evolution to reshape social media, science, information, governance, and different sectors. In his latest weblog submit titled “From Prediction Markets to Data Finance,” Buterin outlined an idea known as “data finance,” which extends past conventional prediction markets by merging info with finance on a blockchain scale. Buterin Highlights Prediction Markets’ Energy Past Elections Buterin sees prediction markets serving twin functions: enabling bets…

The highest 11 Bitcoin mining firms by market capitalization have achieved file month-to-month manufacturing ranges in October, the very best because the April halving occasion.Information from Farside reveals that each main publicly listed miner, besides Terawulf, posted month-over-month manufacturing development. Collectively, these firms elevated manufacturing by 13%, bringing complete Bitcoin mined in October to three,630 BTC.Bitcoin Miners’ October Manufacturing (Supply: Farside)Marathon Digital Holdings (MARA) led the manufacturing surge with 717 BTC, whereas CleanSpark (CLSK) adopted with 655 BTC. Riot Platforms (RIOT) additionally noticed notable positive aspects, producing 505 BTC. Terawulf (WULF), nevertheless, skilled a slight dip, producing 150 BTC in…

Bankrupt FTX has filed a lawsuit to get better not less than $11 million held in a Crypto.com account linked to its sister firm, Alameda Analysis, in response to a Nov. 8 submitting.FTX alleges that earlier than submitting for chapter, Alameda held an account at Crypto.com registered below the title Ka Yu Tin, also referred to as Nicole Tin.In keeping with the agency, this follow was typical for Alameda, which frequently opened accounts below shell corporations or workers’ names to masks its buying and selling actions. Nonetheless, FTX claims Alameda funded and managed the account in query.After Alameda declared chapter,…