Pi Coin Launches Major Adoption Under EU MiCA
Pi Network has officially registered under the EU’s MiCA, paving the way for legal market entry and adoption of Pi coin. Its energy consumption is 99.9% lower than Bitcoin’s. #Update #Crypto $PI
Crypto News
General category for all types of news related to the cryptocurrency world.
Bitfury Launches $1B Ethical Tech Fund
@Bitfury announces a $1 billion initiative for ethical tech and AI, deploying $200 million in the first year to focus on future innovation. #Update #Tech
Crypto Rules Revamped as US UK Push Back
Basel’s strict crypto capital rules are under review as the US, UK, and EU diverge, driven by stablecoin adoption and the need to reconsider 1,250% capital charges. #Update #Crypto
Crypto Bill Approval Vote Set for Next Month
Senate Banking Chair Tim Scott announced plans for a vote on the Crypto Market Bill next month, aiming for bipartisan support to finalize digital asset regulations early next year. #Update #Crypto $BTC
Cloudflare Outage Sparks Crypto DePIN Movement
Cloudflare’s recent outage has prompted renewed calls in the crypto community for the adoption of Decentralized Physical Infrastructure Networks (DePIN) to address internet reliability issues. #Update #Crypto
BlackRock IBIT Crashes with $523M Outflow
BlackRock’s Bitcoin ETF saw $523M in net withdrawals on November 18, marking its largest single-day outflow amid institutional portfolio adjustments in a volatile market. #Update #Crypto $BTC
Bitcoin Reserve Plans Await Global Adoption
The US government is unlikely to accumulate Bitcoin until other nations do so first, according to crypto entrepreneur Mike Alfred, who predicts BTC could reach $1 million by 2033. #Update #Crypto $BTC
Crypto Pressure Mounts on Trump Amid Bill Talks
U.S. Senators, including Elizabeth Warren, are negotiating crypto market regulations while probing Trump’s ties to World Liberty Financial Inc. over token sales to illicit actors. #Update #Crypto $BTC
KULR Technology Surges 116 Percent Revenue Growth
KULR Technology reports 116% Q3 revenue growth and $24.5M in cash reserves, expanding in unmanned aerial, space systems, and Bitcoin mining. #Update #Tech
Sonnet Launches $1B HYPE Treasury Firm
Sonnet BioTherapeutics postponed its merger vote with Hyperliquid Strategies and Rorschach I LLC, despite 95% support, to secure majority approval for a $1B crypto treasury firm. #Update #Crypto
Stablecoins Policy Approved in Canada Budget
Canada’s government passed a federal budget that includes a stablecoin policy overseen by the Bank of Canada, requiring issuers to maintain one-to-one reserves and prohibiting interest on stablecoins. #Update #Crypto $CAD
Mastercard Launches Usernames for Crypto Addresses
@Mastercard expands its Crypto Credential program to self-custody wallets, enabling users to send cryptocurrencies using verified aliases. Polygon will be the first blockchain supported. #Update #Crypto $MATIC
Nvidia Stock Crashes as Smart Money Exits
Softbank and Peter Thiel’s Macro LLC hedge fund have sold their entire Nvidia stakes, sparking concerns about smart money’s confidence in the tech giant.
Techteryx Seeks TrueUSD Reserves Amid $456M Freeze
Dubai court freezes $456M linked to TrueUSD reserves as @FirstDigitalTrust supports Techteryx’s recovery efforts from Aria Group, which caused liquidity issues requiring Justin Sun’s bailout. #Update #Crypto $FDUSD