Crypto News

The Arkansas Senate has rejected Senate Bill 60, which sought to prohibit digital asset mining businesses from operating within 30 miles of military facilities. Arkansas Legislature Rejects Digital Asset Mining Restriction The bill, introduced by Senator Hill and Representative Evans, aimed to amend the Arkansas Data Centers Act of 2023. It proposed restrictions on bitcoinSource link

“With Trump’s inauguration festivity behind, the crypto market is shifting focus" to U.S. inflation and jobs reports, said a BitBank analyst.Source link

The SOC 2 certification ensures enterprise-level protection for every staked crypto against rising cyber threats during the crypto market’s bullish cycle. Everstake Strengthens Web3 Security With SOC 2 Certification Everstake, a blockchain staking provider has successfully obtained the SOC 2 Type 1 certification, reinforcing its commitment to top-tier security and privacy standards. The independent complianceSource link

Tether, the crypto company behind the largest stablecoin USDT, said on Friday it generated $13 billion group-wide net profits last year in a record-breaking year.Some $7 billion of the profits derived from the firm's vast U.S. Treasuries and repo holdings, and $5 billion from unrealized appreciation of the company's gold and bitcoin (BTC) holdings. Other investments contributed $1 billion.According to the company's latest quarterly attestation signed by accounting firm BDO Italy, the group's stablecoin issuer arms Tether International Limited and Tether Limited disclosed $143.7 billion of assets in reserve against $136.6 billion in liabilities, adding up to $7 billion of excess reserves backing its stablecoins. Treasury bills in the reserve rose to $94.5 billion.The group also increased its bitcoin holdings...

The firm said Dogecoin has morphed into a “tool for global financial inclusion, grassroots activism, and a viable means of payment."Source link