Vanilla Finance Closes Pre Seed Investment Round led by UOB Ventures, Paper Ventures & ABCDE Labs

PRESS RELEASE. Singapore, November 26th, 2024 – Vanilla Finance, the #1 exchange by trading volume on Telegram, today announced the successful closure of their Pre-Seed investment round led by Paper Ventures, UOB Ventures, & ABCDE Labs among other top tier ventures and investors, including HTX Ventures, Ocular, Openspace, Y2 Ventures, Signum Capital and angel investors […] Source link

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GBTC Outflows: Forecasting Total Bitcoin Selling Pressure & Market Impact

The following is a heuristic analysis of GBTC outflows and is not intended to be strictly mathematical, but instead to serve as a tool to help people understand the current state of GBTC selling from a high level, and to estimate the scale of future outflows that may occur. Number Go Down January 25, 2024 – Since Wall Street came to Bitcoin under the auspices of Spot ETF approval, the market has been met with relentless selling from the largest pool of bitcoin in the world: the Grayscale Bitcoin Trust…

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US Treasury And IRS Propose Regulations On Bitcoin & Crypto Transactions By Brokers

Today, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) have jointly announced a set of proposed regulations focusing on the sale and exchange of digital assets by brokers. The is part of the broader strategy set forth by the Biden-Harris Administration’s bipartisan Infrastructure Investment and Jobs Act (IIJA), in attempt “to close the tax gap, address the tax evasion risks posed by digital assets, and help ensure that everyone plays by the same set of rules.” “These proposed regulations would require brokers, including digital asset trading…

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Digital Energy Council Launches Championing Synergy Between Energy and Bitcoin & Crypto Mining

Today, Digital Energy Council (DEC), the first member association focused solely on the intersection of energy security and digital asset mining, has officially launched, according to a press release sent to Bitcoin Magazine. The organization sets out on a mission to spearhead policies that foster responsible energy practices, enhance grid resilience, maintain the competitive edge of the United States, and ensure national security. “Policymaking efforts regarding digital assets have centered around financial services,” said Founder and President of the Digital Energy Council, Tom Mapes. “The focus on how both the digital asset mining and energy…

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Bitrefill Empowers Bitcoin & Crypto Travelers with Global eSIM Service Across 140 Countries

Bitrefill, a popular platform that sells gift cards for bitcoin, has announced its partnership with eSIM Go, enabling travelers in over 140 countries to pre-purchase an e-sim and have local data available as soon as they arrive, per a press release sent to Bitcoin Magazine.  Now, Bitcoin enthusiasts and digital nomads can experience uninterrupted internet access across the globe, making jet-setting a breeze. This partnership unlocks a world of convenience for travelers on their journeys..  Sergej Kotliar, Founder and CEO of Bitrefill, stated “This service removes a lot of hassle related…

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