Vaibhavv Ali
A recent survey conducted by Francisco Gavidia University highlights a significant disconnect between Salvadorans’ support for President Nayib Bukele’s leadership and their adoption of Bitcoin. Despite Bukele’s historic decision to make Bitcoin legal tender in 2021, the survey reveals that only 7.5% of Salvadorans actively use Bitcoin for transactions, with a staggering 92% opting out … Read more
Praxis, an “internet-native alliance,” has successfully raised $525 million to develop a cutting-edge city designed with a focus on reduced regulations for industries such as cryptocurrency and artificial intelligence. The funding includes a substantial $500 million pledge from GEM Digital and an additional $25 million from Arch Lending. Vision for the Future The planned tech … Read more
A significant cryptocurrency whale, known for its alleged “100% win rate,” has recently ramped up its investment in the meme-inspired cryptocurrency $PEPE after a four-month pause. The whale has added an impressive 101.7 billion tokens to its holdings through a withdrawal from Binance, a leading cryptocurrency exchange. Recent Accumulation and Current Holdings According to data … Read more
Tesla has made headlines once again with significant movements in its Bitcoin holdings. The electric vehicle manufacturer, which famously invested $1.5 billion in Bitcoin back in February 2021, recently executed a series of transactions that saw approximately $770 million in Bitcoin relocated to around seven new addresses. This development follows a period of inactivity regarding … Read more
Crypto index fund manager Bitwise has announced a significant milestone, surpassing $5 billion in assets under management (AUM) across its suite of investment products. This remarkable achievement, reflecting a 400% increase this year, comes as a result of contributions from both existing and new investors. Exponential Growth in 2024 The year 2024 has proven to … Read more
According to the latest report from Galaxy Digital Research, crypto-focused venture capital firms are facing significant challenges in raising funds, even amid bullish market conditions. The report highlights that only eight new funds were launched in Q3 of 2024, collectively raising a mere $140 million—the lowest total since Q3 of 2020. Ongoing Decline in Capital … Read more
FalconX, a leading digital asset prime broker, has announced the launch of an innovative automated streaming service designed to help cryptocurrency miners convert their earnings directly into U.S. dollars. In a statement issued on Tuesday, the company emphasized that this new approach eliminates the need for intermediaries or manual trading, simplifying the process for miners. … Read more
A letter sent to the Financial Conduct Authority (FCA) by a former compliance consultant for a cryptocurrency platform has raised significant concerns regarding the operations of TikTok’s virtual currency segment. The letter suggests that TikTok’s current practices may fall under anti-money laundering (AML) laws, particularly due to its ability to convert virtual currency into real … Read more
In a significant move to bolster cryptocurrency accessibility across Africa, Yellow Card, a leading cryptocurrency exchange, has announced a partnership with Alchemy Pay, a global fiat-crypto payment gateway. This alliance aims to simplify the process for Africans to engage with cryptocurrencies using familiar payment methods, including mobile money and bank transfers. Enhanced Access Across the … Read more
Dubai’s VARA fined seven unlicensed crypto firms AED 50k-100k and issued cease-and-desist orders. What happened, why licensing is mandatory, and enforcement in 2026.