Author: CoinNewsJunction.com
Over 125 crypto firms urged senators to resist reopening stablecoin reward rules already set in law. Industry leaders argue the GENIUS Act clearly limits issuers while allowing third-party rewards. Banks warn rewards could shift deposits, while data cited by crypto groups disputes that claim. Senate negotiations continue, with lawmakers seeking balance between banking stability and innovation. Stablecoin rewards have emerged as a key flashpoint in Washington as crypto firms press lawmakers to preserve the current legal framework. More than 125 digital asset companies and trade groups have urged the Senate Banking Committee to reject proposals that would tighten limits under…
Ava Labs’ leadership believes the future of decentralized networks lies in sovereign, purpose-built blockchains rather than generic, one-size-fits-all chains. The comments come as the Avalanche ecosystem gains traction with institutional partners and enterprise developers heading into 2025. In an interview with TheStreet Roundtable, John Nahas, Chief Business Officer at Ava Labs, emphasized the company’s long-term vision of creating customized blockchain environments tailored to specific use cases — from finance to global brands and enterprise deployments. Rather than following short‑lived trends that dominate social media, Nahas said Avalanche is focused on durable, real‑world blockchain solutions. “We don’t need more block space. We…
Over the past 24 hours, the XRP price has been volatile, bouncing between $1.83 and $1.98 as market nerves remain high. With losses of around 4.5% this week and nearly 11.3% over the month, short-term confidence has taken a hit. Even so, XRP hasn’t slipped out of focus, as it’s hovering near important technical levels that could shape its next move. Current market scenario Ripple (XRP) is hovering around $1.92 as of December 18, down roughly 0.04%. The $2 level, once support, is now acting as resistance, and rallies toward it are quickly rejected. Sellers are still active. XRP 1-day…
Hut 8 has signed a 15-year lease agreement valued at $7 billion to supply 245 megawatts of AI data center capacity at its River Bend campus in Louisiana, marking a notable expansion beyond its historical focus on bitcoin mining. Hut 8 Signs Long-Term AI Infrastructure Lease as Bitcoin Mining Mix Evolves The agreement, announced Wednesday, […] Source link
AVAX price is stuck in a deep bear market after crashing by 66% from its highest point in September, despite having some of the best fundamentals in the layer-1 industry. Summary AVAX price continued its strong downward trend. Spark’s total value locked on Avalanche has jumped to $210 million. The number of addresses in the network has continued rising. Avalanche network growth is accelerating Avalanche (AVAX) token dropped to $11.95, its lowest level since November 2023. It has declined over the past 13 consecutive weeks, underperforming other top networks in the crypto industry, such as Solana and Ethereum. Data shows…
TLDR: OCC found large banks applied restrictive policies that limited access for several lawful but sensitive industries. The agency reported internal rules requiring escalated reviews before certain customers could obtain services. Comptroller Gould said the OCC aims to stop actions that could “weaponize finance” across the banking system. Thousands of complaints on political and religious debanking remain under review for future public reporting. OCC Releases Preliminary Findings as the agency intensifies its examination of what it calls “weaponized finance” across the country’s largest national banks. The Office of the Comptroller of the Currency released an early report detailing how nine…
Despite the recent crash that saw the XRP price fall below $2, many analysts claim that the cryptocurrency could still skyrocket to $100 by the end of the year. However, one expert has thoroughly dismissed these projections, urging investors to temper expectations and warning that those who believe such predictions need a “reality check.” Why XRP Can Never Reach $100 By Year’s End Crypto market expert Zach Humphries has delivered a detailed assessment of XRP, calling out extreme price predictions and overly optimistic expectations, especially during the current downtrend. In a video on X, he warns that claims suggesting XRP…
TLDR Individuals using electricity illegally for crypto face fines from 15,000 to 37,000 somoni. Groups committing large-scale offenses risk fines up to 75,000 somoni or 2–5 years imprisonment. Organized groups on an especially large scale may face 5–8 years in prison. Illegal mining has caused electricity shortages and financial losses exceeding 32 million TJS. Tajikistan has officially introduced criminal penalties for the illegal use of electricity for cryptocurrency mining. The new regulations aim to curb unauthorized electricity consumption by individuals and groups operating mining farms. Offenders face fines ranging from 15,000 to 75,000 somoni or imprisonment for two to eight…
TLDR: Senate Republicans push for markup next week to advance crypto market legislation. Democrats seek stronger governance and consumer protection measures in the bill. Agriculture Committee’s draft leaves DeFi and other sections unresolved. Industry closely watches negotiations as holiday recess approaches, signaling urgency. Senators are accelerating efforts to finalize the crypto market bill as the holiday recess approaches. Lawmakers are negotiating key provisions to create clear rules for the cryptocurrency industry, with only days remaining in the congressional calendar. Republicans are pushing for a markup next week, while Democrats continue seeking revisions to address governance and consumer protections. Industry participants…
TLDR: Uber will invest over $400M in Japan in 2025 to grow local operations and marketing. The company plans deeper partnerships with taxi operators to strengthen mobility services. Uber Eats adoption in Japan is 20%, leaving room for growth in urban areas. Digital income programs for drivers may expand to Japan, offering flexible work opportunities. Uber commits $2B to Japan through a five-year expansion plan aimed at strengthening its position across mobility, delivery, and flexible work services. The commitment was confirmed during a visit to Tokyo by Uber Technologies CEO Dara Khosrowshahi, who outlined the company’s long-term priorities for the…