Author: Crypto Insider

Bitcoin Drivechain proponent Paul Sztorc believes the growing mainstream acceptance of BTC will drive a need for greater scalability and functionality of its infrastructure. In a wide-ranging interview with Cointelegraph, Sztorc touched on the advantages and drawbacks of the high-profile approval of Bitcoin exchange-traded funds (ETF) in the United States and the long-term implications of institutional…

The community-driven blockchain ecosystem, BNB Chain, has shared that its plans for 2024 involve optimizing performance, introducing “opBNB Connect” for scalability and targeting specific decentralized applications (DApps) for mass adoption, such as decentralized finance (DeFi), gaming, artificial intelligence (AI) and increasing active validators. The community plans to evolve its Optimism OP Stack-based layer-2 scaling solution, opBNB, to opBNB…

Regardless of any short-term pullback, Bitcoin will spend this year further cementing its reputation as digital gold. Indeed, just as it did in March 2023 during a narrowly avoided banking crisis, BTC will likely hold up in ways many traditional assets — perhaps even gold — fail to. It is true that the grand institutional…

A United States Securities and Exchange Commission rule forbidding defendants from criticizing the agency’s claims when settling enforcement actions “undermines regulatory integrity” and free speech, says one of its commissioners. In a Jan. 30 statement, SEC commissioner Hester Peirce disagreed with her agency’s denial of a petition to amend its 1972 “gag rule” — which forbids defendants from…

Global payment giant Visa is doubling down on cryptocurrency adoption by enabling another method to exchange crypto to fiat currencies without using a centralized exchange. Visa has partnered with the Web3 infrastructure provider Transak to introduce cryptocurrency withdrawals and payments through the Visa Direct solution, the firms announced on Jan. 30. The new integration allows users to…

The central bank of the United Arab Emirates (UAE) conducted its first cross-border digital dirham transfer using the mBridge central bank digital currency (CBDC) platform on Jan. 29. The 50 million dirhams ($13.6 million) cross-border CBDC transfer was sent to China using the multi-CBDC mBridge platform, according to Gulf News. The chairman of the board of the…