Year: 2024

Bank of England’s PRA Seeks Crypto Asset Disclosures to Shape Regulatory Policies

Vortex Cryptonews

The PRA is gathering data to shape crypto regulations and ensure financial stability. The financial watchdog has requested firms to provide detailed information on their use of the Basel framework for crypto assets. Firms have until March 2025 to submit their crypto asset disclosures. The Prudential Regulation Authority (PRA), a division of the , has asked firms to disclose their current and future crypto assets, including tokenized assets and stablecoins. The financial watchdog announced this in a released to the public on December 12, asking firms to provide detailed information…

Can Google’s Willow Quantum Chip End Bitcoin’s Reign?

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Alphabet’s Google has unveiled Willow, its quantum chip. Willow has a capability that can make it outpace the most powerful supercomputers. Bitcoiners are debating whether this can impact the cryptocurrency’s integrity. Top technology firm (NASDAQ: GOOGL), through its subsidiary Google, has Willow, its latest quantum chip. Many believe Willow might be the end of Bitcoin , considering its potential. Willow Comes with a New Speed Standard ‘s Willow is a very powerful quantum supercomputer capable of performing certain computational tasks that will ordinarily take classical supercomputers 10 septillion years, just…

Circle Lays Off Employees amid Market Surge: Set to Invest in Growth

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Circle has reduced its workforce amid its plans to go for an IPO in the United States. Circle is focused on global expansion and its core businesses. Prominent digital asset payments firm , which is also the issuer of the second-largest stablecoin by market capitalization USDC has laid off employees. The revelation comes amid a surge in the price of Bitcoin , claiming a historical price of $100,000, and the broader crypto market hitting a market cap of $3.69 trillion. According to a from Bloomberg on Thursday, December 5, citing…

Chainlink Rally Targets $30 Breakout as Whales Holding Doubles

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Whale holdings surged by $5.84 billion in 7 days, bringing total whale assets to $19.61 billion, up 101.97% over the past month. The rounding bottom breakout positions Chainlink between the 61.80% and 78.60% Fibonacci levels, with targets at $31.91 and $50. Chainlink adoption has grown with seven new integrations and has played a role in Brazil’s CBDC project. . With a market cap of $16.16 billion, the Chainlink price sustains dominance above the crucial $25 support. At press time, the LINK token is trading at a rate of $26.02, with a…

Aerodrome Finance (AERO) Price Rally Targets $3 as TVL Hits $1.6B

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Aerodrome Finance’s Total Value Locked (TVL) hits $1.6B, with weekly trading volumes reaching record highs. Voting rewards soared to a new all-time high of $9.8 billion, showcasing increased engagement over the platform. AERO token forms a rounding-bottom reversal, sustaining above the $2.00 psychological level. Based on Fibonacci levels, AERO is projected to hit $2.95. With a boost in buying pressure, the space is heating up as it crosses the $177 billion market cap. Aerodrome Finance is the top performer, with a surge of 15.50% over the past 24 hours. With…

Bridgewater Founder Ray Dalio Advocates “Hard Money” Like Gold and Bitcoin Over Debt

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Billionaire investor Ray Dalio advocates prioritizing “hard money” assets like gold and bitcoin over debt assets. Dalio warns of rising global debt levels, particularly in the US and China, leading to potential currency instability. Gold and bitcoin are nearing record highs, with bitcoin surpassing $100,000, amid growing economic uncertainty. This week, global investors flocked to Abu Dhabi for a series of finance and cryptocurrency conferences. Against this high-stakes backdrop, billionaire investor Ray Dalio, founder of Bridgewater Associates, a thought-provoking investment strategy: prioritize “hard money” assets like gold and bitcoin over…

21Shares Predicts Another Nation to Embrace Bitcoin as Reserve Asset after El Salvador

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21Shares forecasts that countries like Argentina may follow El Salvador’s lead and adopt Bitcoin as a reserve asset. El Salvador became the first country to add Bitcoin to its reserves in 2021, sparking global interest in its potential as a financial asset. 21Shares, one of the largest issuers of cryptocurrency exchange-traded products (ETPs), has forecasted that another nation-state will likely follow in El Salvador’s footsteps by adopting Bitcoin as a reserve asset. According to their 2025 State of Crypto Market Outlook, Bitcoin’s growing recognition as a legitimate financial asset has…

Binance Coin (BNB) Spikes to New ATH Above $770, Confirming Onset of Altseason

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The total BNB futures Open Interest (OI) surged over 39% today, signaling rising demand from investors. The Binance ecosystem has registered a sharp uptick in on-chain activity amid bullish sentiment. After consolidating below the 2021 peak for the past eight months, Binance Coin rallied to a new all-time high (ATH) earlier today. The large-cap altcoin, with a fully diluted valuation of about $111 billion and a daily average traded volume of over $6 billion, surged over 17% in the past 24 hours to trade about $765 on Wednesday, December 4,…

Circle and Binance Partner to Boost USDC Adoption

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Circle and Binance have partnered to boost USDC utility, enhancing integration of stablecoins in finance. Binance plans to list more USDC pairs and hold USDC in its corporate treasury, though exact amounts are undisclosed. Tether dominates the $204 billion stablecoin market, with USDT holding $139 billion compared to USDC’s $41 billion. Circle, the company behind the stablecoin USDC, has with crypto giant Binance to expand the utility of its token on the trading platform. The strategic partnership aims to accelerate growth, setting the stage for a deeper integration of stablecoins…

BNB Chain Unveils Template to Drive Web3 Innovation

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Binance-backed BNB Chain has unveiled plans to back new projects. The protocol aims to compete with top rivals in several key markets like memecoin and DeFi. BNB Chain sponsors a hackathon to identify new talents and promising projects. In a recent , BNB Chain discussed how it has emerged as a hub that provides developers with the tools and infrastructure required to innovate and thrive. It is the backbone of several Decentralized Applications (dApps) and smart contracts. As a result, it is designed to promote growth in (DeFi) and even…