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Bitcoin Network Strengthens: Hash Rate Hits New All-Time High

Network data shows that Bitcoin mining hashrate has continued its recent upward trend and reached a new all-time high. Bitcoin’s 7-day average mining hash rate just hit a new all-time high “Mining hashrate” refers to a metric that monitors the total computing power that miners have connected to the Bitcoin blockchain. This indicator can be…

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Meta Settles with Qatari Billionaire in Fraudulent Crypto Advertising Case

According to a Financial Times report, Meta (formerly known as Facebook) publicly apologized to Qatari billionaire Wissam al Mana and promised to provide additional safeguards after his image was exploited in fraudulent crypto ads on the platform. The prominent businessman, also known as the ex-husband of pop star Janet Jackson, has taken legal action against…

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Bitcoin Rewards Platform Lolli Raises $8M in Series B Funding to Scale Enterprise Offerings

According to a report from TechCrunch, Lolli, a popular Bitcoin (BTC) and cashback rewards app, has successfully raised $8 million in a Series B funding round. The latest investment, led by BITKRAFT Ventures, will allow Lolli to expand its rewards program to business partners such as exchanges, neobanks, banks, payments companies and browsers. Lolli’s Bitcoin…

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Hitachi and Concordium Foundation Team Up to Develop Biometric Crypto Wallet

The new project could eventually allow users to restore their accounts using a simple fingerprint or facial scan, the developers said. Hitachi Research & Development is partnering with blockchain developer Concordium Foundation to create a “proof of technology” for a biometric crypto wallet, according to a Dec. 12 announcement. The new wallet will allow users…

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Shiba Inu News: Shibarium Reaches Another Major Milestone

Shibarium, the Ethereum-based layer 2 blockchain solution from the Shiba Inu team, has reached another important milestone, showing the growing strength of the platform. The last great milestone of the Shiba Inu Shibarium The Shiba Inu Tier 2 platform recently passed a major milestone in terms of total transactions processed, as total transactions have increased…

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Tether Increases Security by Targeting OFAC-Listed Wallets

Tether, the company behind the prominent stablecoin, has announced a significant policy change in its approach to regulatory compliance and cooperation with law enforcement agencies. In a recent blog post dated December 9, Tether revealed its initiative to voluntarily freeze wallets associated with individuals or entities on the United States Office of Foreign Assets Control…

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Tether joins El Salvador’s “Freedom Visa” program and requires a $1 million investment in Bitcoin

El Salvador, together with the world’s largest stablecoin issuer, Tether, has introduced a new citizenship by investment program, the “El Salvador Freedom Visa Adoption Program”, which aims to attract 1,000 people willing to make a significant investment in the country using Bitcoin or USDT. Selected candidates will receive a residency visa, a path to citizenship,…

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Babylon Chain closes $18 million financing to bet on Bitcoin

Polychain Capital and Hack VC led the Series A funding round for Babylon Chain, a Bitcoin staking protocol for proof-of-stake networks. Polychain Capital and Hack VC led the $18 million Series A funding round for Babylon Chain, a Bitcoin (BTC) staking protocol, connecting the decentralized finance (DeFi) ecosystem to the Bitcoin blockchain. According to the…