This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Drake’s X is hacked and used to advertise the Solana memecoin
On Saturday night, Drake’s X account was purportedly hijacked and utilized to advertise a Solana memecoin that was based on the rapper’s animated “alter persona” to his more than 39 million followers. Drake, the Canadian superstar, appeared to have been compromised on Saturday night and his X account was subsequently utilized to advertise a Solana memecoin that was based on his animated “alter persona.”…[continue reading]
2) John E. Deaton says SEC-CFTC combination would simplify crypto laws
John E. Deaton, a vocal advocate for cryptocurrency, has acknowledged the necessity of merging the Securities and Exchange Commission (SEC) with the Commodity Futures Trading Commission (CFTC) in order to streamline cryptocurrency regulations. The topic of regulating the crypto market has garnered significant attention in the United States, with both advocates and experts expressing their perspectives…[continue reading]
3) The Bank of England requires firms to disclose crypto asset holdings by March 2025
The Prudential Regulation Authority (PRA), the regulatory arm of the Bank of England, has recently issued a directive mandating that businesses disclose their current and expected exposure to crypto assets by March 2025…[continue reading]
4) Japanese lawmaker proposes a national Bitcoin reserve to promote adoption
The demand was made by Satoshi Hamada, an MP from the Party to Protect the People, according to the official House of Councillors record and the media outlet CoinPost. Hamada submitted a written inquiry to the government regarding the establishment of a reserve fund for cryptoassets…[continue reading]
5) Google’s Quantum Computing Chip Casts Doubt on the Security of Bitcoin
Google unveiled its most recent product, Willow, a quantum processor that is capable of conducting complex computations in mere seconds, earlier this week. The announcement sent shockwaves throughout the crypto community, eliciting apprehensions regarding the security of Bitcoin and other blockchains…[continue reading]
6) VanEck head of crypto research thinks Microsoft may allow Ethereum ETF staking
In contrast to its rejection of a Bitcoin investment proposal, Microsoft may be amenable to investigating alternative crypto investment opportunities. Matthew Sigel, VanEck’s director of digital assets research, stated that Microsoft may be inclined to contemplate an Ethereum ETF investment if the product includes a staking feature…[continue reading]
7) Crypto.com releases its first cryptocurrency card to the Crown Prince of Bahrain
Crypto.com’s MasterCard card was initially presented to His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister of Bahrain. The card is eligible for use in more than 150 million in-store and online locations worldwide, according to the exchange. MasterCard’s Crypto.com card enables users to fund their cards through the Crypto.com application by utilizing e-money purses or third-party-issued credit and debit cards…[continue reading]
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