Galaxy Research warns of sustainability issues for Bitcoin layer-2 rollups

In a hearing before the Senate Banking Committee today, June 30, central bank digital currencies (CBDCs) took center stage before an audience of Senators looking to upgrade financial infrastructure and expand financial inclusion in the country.The witnesses and the concernsThe banking committee welcomed Paxos CEO Charles Cascarilla, financial inclusion professor and researcher at Duke Nakita…

Bitcoin (BTC) the Wall Street trading session with a spike over $41,500 on March 21 as last week's late gains endured.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewMcGlone: Fed is saying 'Don't buy the dip'Data from Cointelegraph Markets Pro and TradingView showed BTC/USD advancing $500 into the Wall Street open to see a strong start after its…

The Federal Customs Service of the Russian Federation stopped the illegal import of four crypto mining devices from Mongolia into Russia.Crypto mining equipment confiscatedOn Oct. 1 Coinspot reported that a Mongolian citizen was trying to smuggle the four mining devices with fans and connected microcircuits across the Russian/Mongolian border into Russian territory.The custom services explained…

Indian crypto exchanges CoinSwitch and CoinDCX have been struggling to maintain headcount amid bear market and TDS. 397 Total views 2 Total shares The CoinSwitch crypto exchange is the latest crypto trading platform in India that cut its workforce amid the prolonged cryptocurrency winter, the local news agency Moneycontrol reported on Aug. 28.The crypto exchange…

Ethereum (ETH) co-founder Vitalik Buterin has argued that the crypto community should evolve beyond the individualism associated with its early cypherpunk days and harness technology to create new, equitable and innovative systems with positive social impact.Buterin made his comments during a keynote speech at the RadicalxChange conference in Detroit, Michigan on March 24, BreakerMag reported…

Bitcoin (BTC) is keeping bulls and bears guessing as it opens a new weekly candle in the green, heading away from $50,000.After an uneventful but uninspiring weekend, BTC/USD has begun Monday by reclaiming $53,000 for the first time since April 22. What could lie in store?Cointelegraph takes a look at five factors that could shape…

Russia’s central bank wants to limit the amount of cryptos and digital rights acquired by non-professional investors. 1675 Total views 14 Total shares The central bank of Russia proposed to set limits on annual cryptocurrency investments by non-professional investors.The Bank of Russia suggested that unqualified investors in Russia should not be allowed to invest more…

The regulator said it receives thousands of consumer and investor complaints about possible crypto scams each year, and it appears it's done something with the information. 122 Total views 5 Total shares Own this piece of history Collect this article as an NFTThe Californian Department of Financial Protection and Innovation (DFPI) has launched a new…

Tether’s VC arm has already spent about $2 billion on tech like AI and alternative financial infrastructure over the past two years.