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Key Takeaways Bitfarms Plunges 18% as It Unveils Plan to Abandon Bitcoin Mining for AI Bitfarms shocked investors this week after announcing it will wind down its Bitcoin mining operations over the next two years and fully reposition itself as an AI and high-performance computing (HPC) infrastructure provider. The dramatic strategic shift sent shares tumbling…
Key Takeaways FDIC Moves Toward Guidance on Tokenized Deposit Insurance and Stablecoins The United States is edging closer to a clearer regulatory structure for blockchain-based banking as the Federal Deposit Insurance Corporation (FDIC) signals new guidance on tokenized deposit insurance and a formal application regime for stablecoin issuers. Acting FDIC Chair Travis Hill outlined the…
Key Takeaways SEC Chair Signals Tough Stance on Crypto Enforcement US Securities and Exchange Commission (SEC) Chair Paul Atkins emphasized that the agency will maintain strict oversight of digital assets, even as Congress advances legislation to clarify regulatory responsibilities. Speaking at the Federal Reserve Bank of Philadelphia, Atkins outlined how the SEC plans to handle…
Key Takeaways: XRP Approaches Critical 0.00001000 BTC Resistance XRP is back in the spotlight as traders watch a crucial technical setup against Bitcoin (BTC). The XRP/BTC pair is testing a descending trendline that has acted as resistance for three months. Analysts, including CryptoWZRD, suggest that a breakout above this line could signal the start of…
Key Takeaways Bittensor (TAO) Surges Toward $400 Amid Tight Trading Range Bittensor (TAO) has seen a notable 10.5% surge in the last 24 hours, trading near $393.70 as it tests the crucial resistance at $397.55. Support remains firm at $356.12, signaling a tightening range that could precede heightened volatility. Traders are closely watching whether TAO…
Key Takeaways: Calastone Taps Polygon to Transform Fund Distribution Calastone, the global funds network, has partnered with Polygon to launch tokenized fund share classes, marking a major step in blockchain adoption for institutional fund operations. The integration allows Calastone’s Tokenised Distribution platform to operate on Polygon’s Ethereum Layer 2 network, enhancing efficiency, transparency, and scalability…
Key Takeaways: Cardano Eyes Critical $0.50 Support for Rebound Cardano (ADA) is approaching a pivotal juncture as traders monitor the $0.50 support level, which could determine the cryptocurrency’s near-term trajectory. Currently trading around $0.577, ADA faces a key decision point: holding this support may pave the way for a recovery toward $0.70, while a breakdown…
Key Takeaways: XRP Tests Critical BTC Resistance Amid Bullish Hopes XRP traders are closely monitoring a pivotal technical setup as the token attempts to break above a long-term descending resistance line against Bitcoin (BTC). Data shared by CryptoWZRD on November 11 highlights that XRP is positioned just below the critical 0.00001000 BTC zone, a level…
Key Takeaways: RealFi Set to Transform Cardano into a $1 Billion DeFi Powerhouse by 2026 Cardano founder Charles Hoskinson has outlined ambitious plans to position RealFi as the central liquidity engine for Cardano, targeting a total value locked (TVL) of over $1 billion by the end of 2026. Speaking from Colorado, Hoskinson emphasized that RealFi…
Key Takeaways: XRP’s Path to $5: Key Catalysts Driving the 2025 Bull Case Ripple’s XRP is back in the spotlight as renewed investor optimism fuels bold price forecasts. After closing its five-year SEC lawsuit and completing $4 billion in acquisitions, Ripple’s native token is trading at $2.43, marking a 9.37% weekly gain. Despite still being…