Crypto News

Utah stands out as the state closest to a potential implementation. Its bill would authorize the allocation of 5% to "qualifying digital assets."Source link

One bitcoin (BTC) holder metric is pointing to price growth in the months ahead even as activity on the blockchain falls to its lowest in a year, a CryptoQuant analysis noted this week.The firm’s Bitcoin Network Activity Index has been down 15% since November 2024’s record high and stands at 3,760 as of Friday morning, its lowest level since February 2024. The index is a cumulative measure of active addresses, number of transactions, block size and fees among other bitcoin metrics to indicate growth or a drop in Bitcoin usage.A drop in activity was marked by a sharp decline in the number of transactions. The total daily number of transactions is 346,000 as of Friday, down 53% from a high...

Ondo Finance states that this new project seeks to combine the decentralization and convenience of blockchains with the world of permissioned traditional finance markets. Ondo Finance Announces Ondo Chain to Bring Real-World Assets to Blockchain Ondo Finance, a protocol for real-world assets, has announced Ondo Chain, a Layer 1 (L1) solution that seeks to bridgeSource link

Riot Platforms (RIOT) mined 527 Bitcoin (BTC) in January, marking its highest monthly production since December 2023 and reflecting a 2% increase from the previous month, according to Farside data.However, the broader bitcoin mining sector reported underwhelming production figures, with most major mining firms experiencing month-over-month declines.MARA Holdings (MARA) mined 750 BTC in January, representing a 13% decline from December. Similarly, Cleanspark (CLSK) saw a 6% decrease, mining 626 BTC. Other mining firms also reported negative month-over-month production figures:IREN (IREN): 2% declineCore Scientific (CORZ): 13% declineCipher Mining (CIFR): 7% declineBitfarms (BITF): 5% declineHut 8 (HUT): 31% declineThe widespread decline in bitcoin production can be attributed to the increasing network difficulty, which both Riot and MARA's CEOs cited as a key...

Cryptocurrency exchange Bybit said on Feb. 6 that it has successfully registered with the Indian Financial Intelligence Unit, underscoring its commitment to regulatory compliance in India. The exchange said it has resolved prior regulatory matters and paid a monetary fine, demonstrating its dedication to transparency and high standards. The announcement came hours after the IndianSource link