Avalanche Foundation — the nonprofit organization that oversees the development of the Avalanche Network — says it’s planning to buy memecoins with its $100 million NFT incubator fund. In a Dec. 29 post to X (formerly Twitter), the Avalanche Foundation said the new move will form part of its “Culture Catalyst” initiative — a $100 million…

Potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States will trigger fundamental problems related to the original vision of Bitcoin by the anonymous creator Satoshi Nakamoto, according to one analyst. The concept of a spot Bitcoin ETF — an investment product that tracks the price of BTC by holding Bitcoin — conflicts with the idea…

Bitcoin is showing classic signs that fresh BTC price gains are near, one longtime market participant says. In a post on X (formerly Twitter) on Dec. 27, trader and popular social media commentator Matthew Hyland predicted “imminent” bullish moves. Trader on BTC price: “Seems like a move is imminent” Bitcoin may have flagged over Christmas, dipping to lows of…

Ethereum co-founder Vitalik Buterin has proposed a way to reduce the load on the Ethereum blockchain and make its proof-of-stake (PoS) consensus “considerably simpler and lighter.” On Dec. 28, Vitalik Buterin proposed a method of reducing the number of signatures that validators are required to make to keep the network running, thus reducing load. Ethereum currently supports…

Tether, the operator of the world’s largest stablecoin, the eponymous Tether, has minted another billion USDT, which is “authorized but not issued,” according to CEO Paolo Ardoino. Blockchain tracking platform Whale Alert took to X (formerly Twitter) on Dec. 25 to alert users that Tether Treasury had minted 1 billion USDT ($1 billion). Tether CEO Ardoino subsequently responded with a…

The crypto ecosystem has emerged to democratize finance, empower individuals, and promote freedom. However, governments and global financial institutions often treat public blockchains and digital assets skeptically. Governments claim to support the development of innovative technologies like blockchain, but they adopt a tough stance on crypto businesses, such as cryptocurrency exchanges. In the U.S., the Securities…