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New York State Senator Liz Krueger introduced a bill on Wednesday to impose excise taxes on energy used by crypto mining companies operating facilities in the state.The proposed excise tax, which is not the first legislative initiative of its kind, will be levied in tiers, with no charge for miners consuming 2.25 million kilowatt-hours (kWh) or less per year and a tax of 2 cents per kWh for miners who consume 2.26 million to 5 million kWh annually.Miners who consume between 5 million-10 million kWh per year face a tax of 3 cents per kWh; those using up to 20…
Key takeaways:XRP eliminates pre-funding and speeds up cross-border remittances, making it useful in emerging markets.Loyalty and travel programs are bringing XRP into daily life, turning it from an investment asset into a practical payment option.Institutions like SBI and Santander add credibility by holding XRP reserves and exploring settlement use cases.With the SEC case resolved and global clarity growing, XRP now has the legal certainty and network reach to expand adoption.XRP (XRP), the native digital asset of the XRP Ledger (XRPL), has often been discussed in terms of speculative gains or losses. But its significance goes deeper once you factor in…
The European Central Bank (ECB), as part of its preparation phase for a potential digital euro launch, announced framework agreements with technology providers responsible for components of the central bank digital currency (CBDC).In a Thursday notice, the ECB said it had reached agreements with seven entities — and at least one more expected to be announced — to provide services related to managing fraud and risk, a secure exchange of payment information, and software development for a possible digital euro. Among the companies were Feedzai, which uses AI to detect fraud and the security technology company Giesecke+Devrient.“Following the framework agreement…
In the fast-paced realm of decentralised finance (DeFi), where memecoins surge and vanish in moments, innovative tools like BloomBot are revolutionising trading for retail investors. Launched in early 2025 amid Solana’s memecoin boom, BloomBot is a Telegram-based, non-custodial bot designed for seamless buying, selling, and managing tokens across chains like Solana and Base. With features such as ultra-fast token sniping, copy trading, AFK automation, and limit orders, it empowers degens and yield farmers to capitalise on volatile markets efficiently. As Solana DEX volume hits billions daily, BloomBot’s updates in 2025 introduce rewards systems and cross-chain support, democratising high-speed trading. This…
Key takeawaysGemini is a research assistant for summarizing data and analyzing text, not a financial adviser for predicting prices.The quality of your research output depends entirely on the specificity and structure of your prompts.A repeatable workflow involves deconstructing a project’s fundamentals, analyzing its economics and mapping its competitive landscape.Always verify AI-generated information with primary sources like official websites, white papers and blockchain explorers.Proper setup and operational security are crucial, especially when using API keys to connect to external data.The cryptocurrency market can feel overwhelming. White papers, complex tokenomics and endless social chatter create a flood of information. The challenge for…
Bitcoin’s recent surge at the start of October has reignited market excitement for a continued rally. Is October truly set to become a historic “Uptober”? This has brought new attention to the “4-year cycle” theory, which posits that Bitcoin’s bull and bear markets repeat in a predictable pattern tied to the halving. A Look at Historical Patterns Joao Wedson, CEO of investment analysis firm Alphractal, is focusing on a key number: 548 days.Sponsored Sponsored An analysis of Bitcoin’s past cycles shows subtle differences in the number of days between each halving and its subsequent all-time high (ATH). The cycle in…
The United States Securities and Exchange Commission has taken another step toward easing the path for the digital asset industry. On Tuesday, the SEC approved state trust companies to act as custodians for crypto assets under the Investment Company Act and the Investment Advisers Act. State entities that are not federally chartered banks, which were generally not allowed to accept deposits, may now be responsible for the safety of investors’ crypto assets. The no-action letter addresses uncertainty about whether state trust companies qualify as “banks” under the Acts for purposes of holding crypto assets and related cash. Greenlight For Crypto…
Five years ago, Eric Aguilar was fed up.He had worked on lidar and other sensors for years at Tesla and Google X, but the technology always seemed too expensive and, more importantly, unreliable. He replaced the lidar sensors when they broke—which was all too often, and seemingly at random—and developed complex calibration methods and maintenance routines just to keep them functioning and the cars drivable.So, when he reached the end of his rope, he invented a more robust technology—what he calls the “most powerful micromachine ever made.”Aguilar and his team at startup Omnitron Sensors developed new micro-electro-mechanical systems (MEMS) technology…
Japanese mining pool operator SBI Crypto has suffered a $21 million theft in a breach that investigators are linking to North Korea attackers.On Oct. 1, blockchain researcher ZachXBT identified unusual outflows from the firm involving Bitcoin, Ethereum, Litecoin, Dogecoin, and Bitcoin Cash.According to his findings, the funds moved quickly through five instant exchanges before being routed into Tornado Cash, a mixing service widely used to disguise digital asset flows.Despite the scale of the breach, SBI Crypto has yet to release an official statement about the attack.North Korea linkZachXBT linked the attack to North Korea-backed attackers.Over the past years, North Korean…
Key points:Bitcoin has broken above the $117,500 resistance, opening the gates for a retest of the all-time high at $124,474.Several altcoins have started a strong relief rally, signaling solid buying at lower levels.Bitcoin (BTC) closed September with gains of more than 5% and the bulls extended the gains on the first day of the new month by pushing the price above the stiff overhead resistance of $117,500.CoinGlass data shows that a positive monthly close in September has historically been followed by an average return of more than 53% in Q4. If history repeats itself, BTC could surge toward $170,000 before…
