alexanderjones

@alexanderjones

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The results of the candidate interviews will be presented at the next meeting on Feb. 27, and Apollo said multiple vendors are likely to be chosen. He expects testing to begin soon, as they can adapt their existing stablecoin solutions to Wyoming’s requirements,

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The commission has also been examining the use of zero-knowledge proofs to provide compliant privacy, as businesses are often reluctant to use a fully transparent blockchain for payments because it tells their competitors exactly how their business runs. Apollo suggested a related desirable attribute of the selected blockchain would be the ability to use a subnet or layer 2 to enable permissioned onboarding and to keep certain transactions private.

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“Interesting because there aren’t CME futures yet and I’m not sure if the Coinbase SOL futures are large and liquid enough,” ETF analyst James Seyffart posted on X.

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On Jan. 17, at least four proposals were submitted as the crypto industry anticipates regulatory shifts under the incoming administration of President-elect Donald Trump, which is expected to adopt a more crypto-friendly stance.

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A rush of cryptocurrency exchange-traded fund (ETF) filings have hit the US Securities and Exchange Commission (SEC) just days before Gary Gensler steps down as chair on Jan. 20.

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An unidentified threat actor breached employee workstations at the Treasury on Dec. 2, 2024, gaining access to certain “unclassified” documents.

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https://warpcast.com/ireneevans451/0xe5bc2b59

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“We have rejected submissions that didn’t include key components necessary for us to carry out an assessment, or the poor quality of key components meant the submission was invalid,” the regulator noted.

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However, some analysts have expressed concerns about MicroStrategy’s Bitcoin buying spree, which is being fueled by cheap financing and excessive hype.

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It also runs a self-mining business, which DCG said is on track to earn nearly $80 million in sales in 2024, according to its November investor report.

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Foundry operates Foundry USA, the largest Bitcoin mining pool in the world, controlling approximately one-third of the market share among pool operators, according to data from Hashrate Index.

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“As part of this realignment, we made the difficult decision to reduce Foundry’s workforce, resulting in layoffs across multiple teams,” the team said.

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“We recently made the strategic decision to focus Foundry on our core business — operating the #1 Bitcoin mining pool in the world and growing our site operations business — while we supported the development of DCG’s newest subsidiaries, including […] the spinout of Foundry’s successful self-mining business,” Foundry told Cointelegraph in a statement.

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Foundry’s parent company, Digital Currency Group (DCG), tipped plans to spin out Foundry’s self-mining business into a separate entity, still controlled by DCG, according to a November shareholder letter shared with Cointelegraph.

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The layoffs include 16% of Foundry’s United States-based workforce and a portion of its team in India as well, the person said.

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Only a day earlier, on Dec. 2, South Korea’s retail crypto trading volumes reached their second-highest level of the year, with traders in a frenzy over a series of “high momentum” altcoins.

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“We are relieved President Yoon has reversed course on his concerning declaration of martial law and respected the ROK National Assembly’s vote to end it,” a White House spokesperson told CNN.

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“This is an unavoidable measure to ensure the freedom and safety of the people and guarantee the sustainability of the nation against the unrest stirred by these subversive, anti-state elements,” Yoon said.

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Yoon said he declared martial law in response to claimed “threats posed by North Korea’s communist forces” and to “eliminate anti-state elements.”

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Since Trump won the US election on Nov. 5 and Republicans secured enough seats for majority control of the House of Representatives and Senate, many industry leaders have suggested the regulatory environment could be more favorable to crypto starting in 2025. At the time of publication, it was unclear whom the president-elect intended to nominate to replace Gensler.

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