The Bank of England has released its latest research highlighting the potential of cutting-edge privacy technologies, such as zero-knowledge proofs (ZK-proofs), to bolster user privacy in a prospective digital pound. The findings, outlined in the report titled “Enhancing the Privacy of a Digital Pound,” delve into how these technologies might safeguard user data while ensuring…
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Argentina Regulator Approves Entry of US Crypto ETFs
Argentina’s securities regulator, Comisión Nacional de Valores (CNV), has announced that US exchange-traded funds (ETFs), including crypto-related ETFs, are available for trading under the CEDEAR program. The initiative, regulated by RG No. 1030, introduces Bitcoin and Ethereum spot ETFs, marking the end of a six-year prohibition under Law No. 27440. In a December 10 statement,…
New Zealanders Skeptical of CBDCs: Survey Reveals Privacy Concerns
On December 10, the Reserve Bank of New Zealand (RBNZ) released findings from its recent public consultation on a potential central bank digital currency (CBDC), revealing widespread skepticism. Results Highlight Limited Interest in Digital Cash The consultation, conducted between April and July 2024, sought opinions on the necessity of a CBDC for New Zealand’s economy….
DWF Labs Launches $20M Fund to Support Autonomous AI Agents
DWF Labs, a Web3 venture capital firm and crypto market maker, has launched a $20 million fund to accelerate the development of autonomous artificial intelligence (AI) agents within the Web3 ecosystem. According to DWF Labs’ press release from Dec. 10, the fund aims to drive innovation in “next-generation AI agent solutions that have the potential…
BitGo Introduces Institutional Bitcoin Staking with Core DAO
Cryptocurrency custody provider BitGo has introduced institutional-grade Bitcoin staking through a partnership with Core DAO, a layer-1 blockchain platform. According to a joint announcement on December 9, BitGo will be one of the first custodians to facilitate institutional access to dual staking with Core DAO. It will allow clients to earn returns on their Bitcoin…
OKX Ventures Invests $5M in TON Ventures to Support Telegram Apps
OKX Ventures, the investment arm of crypto exchange OKX, has announced a $5 million investment in TON Ventures, the venture capital fund supporting The Open Network (TON). The funding will be used for the development of Telegram-native applications built on TON’s blockchain infrastructure. The aim is to form a network of experienced builders to develop…
Crypto Ecosystem Is Shifting from Users to Owners, says Consensys
According to the second annual ‘Global Survey on Crypto and Web3’ by MetaMask’s parent company, Consensys and YouGov, trends observed in the cryptocurrency ecosystem in 2024 show a continued shift toward the ownership mentality. The report found that the industry is moving towards a “more equitable online landscape facilitated by crypto, blockchain, and Web3.” Notably,…
Vancouver Mayor Pushes Bitcoin Adoption to Tackle Inflation Woes
Vancouver Mayor Ken Sim has urged the city council to explore Bitcoin integration into municipal financial systems in a bid to address inflation. During the city council meeting on December 11, Sim introduced a motion titled “Preserving the City’s Purchasing Power Through Diversification of Financial Reserves – Becoming a Bitcoin Friendly City.” The proposal argues…
Bitcoin Price Analysis: Bulls Eye $100K Amid Regulatory Push and $95K Test
Bitcoin price is trading at $97,720, reflecting nearly 1% decline over the last 24 hours. Despite this dip, its market cap stands firm at $1.93 trillion. The cryptocurrency’s price action reveals consolidation near critical support levels, with broader market factors like potential national Bitcoin reserves and corporate investments influencing its future trajectory. Regulatory Pushback on…
Lava Raises $10M to Enable Bitcoin-Backed Dollar Loans
Lava, a New York-based Bitcoin lending platform, has secured $10 million in Series A funding from major VC firms Khosla Ventures and Founders Fund, according to a recent report from Fortune. Founders Fund has maintained cautious activity in the crypto space. This has primarily been through partner Joey Krug, who joined from blockchain-focused Pantera in…