Category: News
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Switzerland Advances Bitcoin Proposal for Central Bank Reserves
Switzerland’s Federal Chancellery has approved the submission of the “Bitcoin Initiative,” a proposal seeking to amend the Swiss Federal Constitution to require the Swiss National Bank (SNB) to hold Bitcoin (BTC) as part of its reserves. The initiative, titled “For a Financially Strong, Sovereign, and Responsible Switzerland,” aims to amend Article 99 of the constitution.…
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Bitcoin Defies ETF Outflows In December, Strong Above $92,000
December 2024 witnessed significant fluctuations in Bitcoin ETF flows, with prominent market players showing varying trends in capital movement. The month began on a positive note, as the cumulative inflow across major ETFs, including BlackRock, Fidelity, and Ark, peaked at $741.4 million on December 17. However, the optimism quickly waned, with several ETFs experiencing sharp…
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Kaspa’s $KAS Now Available on Nexo
The cryptocurrency $KAS, native to the Kaspa blockchain, has been added to Nexo, a platform offering crypto trading and financial services. The listing introduces $KAS to a wider audience, expanding its availability in the market. Kaspa operates using the GHOSTDAG protocol, a technology designed to process multiple transactions in parallel rather than sequentially. This method…
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Zero1Labs Unveils Utility Agent Framework
Zero1Labs has announced the launch of a no-code platform designed to create utility agents for the Ethereum Virtual Machine (EVM) ecosystem. Dubbed the “Swiss army knife” for data aggregation, the framework enables developers and non-technical users to build agents that perform tasks such as data aggregation, automation, and portfolio management. The platform, inspired by tools…
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MicroGPT Teams Up with JetBrains IDEs for Smarter Coding
In a groundbreaking move for developers, Micro Agent, the AI-powered coding assistant hailed as “Grammarly for coders,” from MicroGPT has integrated with JetBrains’ IDEs, offering a streamlined coding experience. This partnership is poised to transform how developers generate, optimize, and manage code within their favorite development environments. Revolutionizing Coding with AI Micro Agent is designed…
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Tether Acquires 7,629 Bitcoin, Boosting Reserves to $7.7 Billion
Tether, the issuer of the world’s largest stablecoin $USDT, has expanded its Bitcoin reserves with the purchase of 7,629 BTC, valued at approximately $705 million. This acquisition increases the company’s total Bitcoin holdings to $7.7 billion. A Strategic Shift Toward Bitcoin Tether’s decision aligns with a strategy announced in May 2023, allocating up to 15%…
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FTX Set to Begin Customer Repayments from 3rd Jan ’25
More than two years after its collapse, FTX plans to start repaying customers and creditors early in 2025. The company announced it will implement its Chapter 11 Plan of Reorganization on January 3, 2025. “We are well positioned to begin executing the distribution of recoveries back to all customers and creditors,” said FTX CEO John…
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Oraichain Launches $RACKS: First AI Agent on Agents.Land
Oraichain has unveiled its latest innovation, $RACKS, a new buzz in AI-driven crypto projects. $RACKS: The First AI Agent on Agents.Land $RACKS introduces a revolutionary AI agent operating across the Oraichain and Solana networks, epitomizing interoperability. Key highlights include: This strategic launch not only showcased Oraichain’s appreciation for its community but also cemented $RACKS as…
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Volatility Shares Files for Solana Futures ETFs
Asset manager Volatility Shares has filed for three new ETFs that aim to gain exposure to Solana (SOL) futures contracts. These contracts would be traded on Commodity Futures Trading Commission (CFTC)-regulated exchanges. However, no such futures products currently exist in the market. The fund’s prospectus states it will invest in contracts “that trade only on…
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Clore AI Now Integrated With Tangem Wallet
Clore has partnered with Tangem Wallet, enabling users to manage Clore coins effortlessly and securely through their iOS or Android devices. Why Tangem For Clore ? Tangem Wallet is a cold storage solution, offering unmatched security with its offline private key storage. Key features include: This makes Tangem a reliable choice for long-term cryptocurrency storage,…