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Galaxy CEO: US Debt Crisis Drives Demand for Bitcoin


Galaxy Digital CEO Mike Novogratz has proposed several measures to prevent a U.S. debt spiral. The executive explained that the U.S. debt crisis makes it “so easy to convince people to buy bitcoin and other hard assets.” He emphasized that implementing these measures could give...

Quadrigacx Co-Founder Compelled to Account for 45-Bar Gold Stash


Michael Patryn, co-founder of the now-defunct Quadrigacx cryptocurrency exchange, has been compelled by Canadian officers to explain the origin of his wealth. Patryn must explain how he acquired a stash of 45 gold bars, more than $180,000 in cash, and a jewelry set with a diamond-studded Rolex...

Vitalik Buterin Explores Blobs and Parallelization in L2 Rollup Analysis


In a recent deep dive into Ethereum’s future scalability and infrastructure, Ethereum co-founder Vitalik Buterin discusses the latest introduction of blobs and their significant role in the evolution of layer two (L2) rollups. This pivotal development marks a transition towards more efficient...

Bitmain Reveals S21 Pro Bitcoin Miner: Pioneering 15 Joules per Terahash 


On Friday, the producer of bitcoin-specific application-specific integrated circuit (ASIC) mining equipment, Bitmain, unveiled the latest Antminer S21 Pro model during the World Digital Mining Summit (WDMS). This new device features a hashrate of approximately 234 terahash per second (TH/s)...

Tokenized US Treasury Bonds Hit $1 Billion Milestone on Public Blockchains


This week, 21.co’s onchain data analyst Tom Wan presented figures revealing that tokenized U.S. Treasury bonds on public blockchains have surpassed the $1 billion mark. The analyst highlighted that Blackrock’s BUIDL experienced significant growth of 400%, escalating from $40 million...

Bitwise Joins Ethereum Spot ETF Race, Files Application with SEC


Crypto investment firm Bitwise has submitted an application to the Securities and Exchange Commission (SEC) to launch a spot Ethereum exchange-traded fund (ETF).  The post Bitwise Joins Ethereum Spot ETF Race, Files Application with SEC appeared first on Cryptonews

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