The highly secure and decentralized Bitcoin network expands its utility and revenue with growing support for its NFT ecosystem. — In terms of the daily number of NFTs subscribing to the Bitcoin network, we observe that the activity of Bitcoin NFTs remains strong. At the same time, the development of wallets and markets that support ordinals is associated with the infrastructure that facilitates Bitcoin transactions. Specific NFT markets, Gamma and…

US regulators crack down on Binance for violating derivatives trading regulations, while accusations of illegal trading tactics, tax evasion, and ties to terrorism emerge against the exchange and its CEO. — Binance and CEO Changping Zhao (CZ) have been sued by the US Commodity Futures Trading Commission (CFTC) for violating derivatives trading regulations. The charges stem from the fact that the exchange, which was not registered with the CFTC, failed to effectively prevent US residents from buying and selling cryptocurrency derivatives…

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As African nations face banking challenges, Bitcoin offers a disruptive and transformative alternative to traditional financial systems, potentially unlocking economic power for those previously left out. — Block CEO, Jack Dorsey travelled with his team to Accra for the inaugural Africa Bitcoin conference last December. He was invited to speak about one of the most disruptive and transformative alternatives to the continent’s existing financial system: bitcoin.

Interpol fugitive Do Kwon, co-founder and CEO of Terraform Labs, was trying to copy James Bond’s tricks. — Like the famous movie hero in Casino Royale, he was staying at a gorgeous seaside resort in Montenegro. And that’s not all. He used fake documents. But instead Costa Rican and Belgian passports James Bond used — to a Hawaiian driver’s license. The problem is Kwon, a South Korean, didn’t…

Industry insiders predict new heights as crypto offers alternative to traditional banking and hedges against inflation — With bitcoin up nearly 70%, industry insiders say the cryptocurrency could reach new heights. Bitcoin could reach as high as $100,000, Marshall Bird, chief strategy officer at U.S.-based cryptocurrency exchange Gemini, told CNBC. “I think bitcoin will go higher this year than at any other time,” Bird said. “ If…

Falling Transaction Fees and Positive Poll Results Indicate a Bright Future for Ethereum — Cryptocurrency analysis platform Santiment is optimistic about the future of Ethereum (ETH), noting that it is likely to surpass $2,000 in the next period. “The price of Ethereum has not exceeded $1,840 since August 18. Despite this seven-month high, the network does not seem to be ‘heating up’ and creating…

Legislation Aims to Protect Floridians from Financial Surveillance and Control, Contradicts Biden Administration’s CBDC Initiatives — The governor of Florida and Republican presidential candidate, Ron DeSantis, has declared war on the development of his country’s central bank digital currency, also known as the digital dollar, through a bill. DeSantis has introduced legislation to “ protect Floridians from the Biden Administration’s use of weapons in the financial…

He argues that no bank has enough money to repay depositors in case of massive withdrawals, and no state has the capacity to cover all bank deposits in the event of a generalized problem. — Balaji Srinivasan, author of the bestselling book “ The network state “, sets a bold million dollar bet. The book, explains how an online country could in practice exist on the model of the Bitcoin. Srinivasan believes that within the next 90 days the price of Bitcoin will reach one…