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Bitcoin.com founder Roger Ver, widely known as “Bitcoin Jesus,” has criticized how Bitcoin (BTC) has been turned into a speculative asset. According to Ver, early hopes for the leading cryptocurrency as an alternative to fiat currency were undermined by a combination of intelligence agencies and institutional players. Bitcoin: From P2P Freedom to Financial Surveillance? In…

Bulls are back in control of the crypto market on Wednesday, with the Ethereum (ETH) price rallying over 4% back towards $3,800 in wake of the latest US inflation figures all but confirming that the US Federal Reserve will cut interest rates by another 25 bps later this month. Just In: November US CPI annual…

Kyrgyzstan has taken a significant step towards launching its central bank digital currency (CBDC), the digital som. In its first reading, the Parliament approved a draft law that establishes its framework and legal status. According to a report from Trend, the legislation was Initiated by the Cabinet of Ministers and is poised to set the…

XRP has been on a rollercoaster ride in the past 24 hours, crashing below $2 and now trading at $2.40 after a 28% surge from the local bottom. Interestingly, the XRP price appears to have beaten other leading altcoins to the punch with its 5.12% uptick since 00:00 UTC, affirming bullish end-of-year projections for the…

On his final day in office, outgoing Reserve Bank of India (RBI) Governor Shaktikanta Das reaffirmed the transformative potential of India’s central bank digital currency (CBDC), commonly called the digital rupee. Speaking during his farewell address on December 10, Das reflected on his six-year tenure, emphasizing RBI’s pioneering efforts in embracing emerging technologies. India’s Pioneering…

Bitget, a cryptocurrency exchange and a Web3 company, has announced plans to establish a European Union regional hub in Lithuania. The decision is part of its strategic expansion across Europe and its proactive measures to align with the Markets in Crypto-Assets (MiCA) regulatory framework, which will be fully compliant by the end of December. MiCA…

Anton Tkachev, a State Duma deputy from the New People Party, has proposed establishing a strategic Bitcoin reserve in Russia. Tkachev reportedly sent the proposal to Russia’s finance minister, Anton Siluanov, to “assess the feasibility of creating a strategic reserve of bitcoin in Russia.” The document, cited by local Russian media, lays compelling arguments for…

Hong Kong has announced plans to speed up crypto licensing for trading platforms as part of its effort to establish itself as a global cryptocurrency hub. Hong Kong’s Fast-Track Crypto Licensing Plan Joseph Chan, Acting Secretary for Financial Services and the Treasury disclosed at a parliamentary session that the Securities and Futures Commission (SFC) is…

Decentralized finance (DeFi) protocol Synthetix has acquired the leveraged token platform TLX in a token-for-token deal. The acquisition is part of Synthetix’s plan to create a decentralized liquidity layer and emerge as a leading product issuer within the ecosystem. “The acquisition of TLX will mark the first end-customer, revenue-generating product built on top of Synthetix…

In an exclusive interview with CryptoNews, Bitget COO Vugar Usi Zade shared insights into the exchange’s plans for the Indian market, the challenges posed by local regulations, and how the company aims to solidify its presence in one of the world’s largest crypto ecosystems. Talking about crypto ecosystem in India, Bitget COO said, “The biggest…