Cynthia Lummis has officially been confirmed as the Chair of the first-ever crypto-focused subcommittee created by the Senate Banking Committee.The subcommittee would focus on two key areas – pass bipartisan digital asset legislation, and conduct a comprehensive oversight over Federal Financial regulators. In our last update, we examined the plan of the Senate Banking Committee...
Singapore court approves WazirX recovery plan, enabling token-based compensation for users affected by the $235M hack.WazirX collaborates internationally to recover stolen assets and initiates a token buyback for user compensation. In January 2025, the Singapore court has approved WazirX’s plan to repay users harmed by the $235 million hack. Of course, this approval represents a...
According to Willy Woo, a race of sovereigns will raise Bitcoin to unprecedented highs.Woo argues that in the last cycle MicroStrategy initiated the corporate Bitcoin treasury trend. Following Willy Woo’s 2024 investor heat map, CNF also emphasized the demand and added that many people are unaware that the Bitcoin market is already experiencing a bull...
Donald Trump faces an ethics investigation after his public involvement in the TRUMP token raised concerns about national security and conflict of interest. In a letter written to the House Oversight and Government Reform, Trump’s meme coin was cited to have the potential to give undue access to foreign entities. US House Representative Gerald Connolly has...
Founder and former CEO of Binance Changpeng Zhao has suggested that investors reduce their altcoin portfolios by at least half to invest in Bitcoin. According to him, anyone who holds Bitcoin for at least four (4) years does not lose his money. The total crypto market has recorded a 3% surge in the last 24 hours...
Trump envisions the U.S. as the global leader in AI and crypto, integrating technology into economic and manufacturing strategies.By combining technological innovation with strong domestic policies, the U.S. aims to redefine global leadership in emerging industries. Despite previous concerns from the community, as outlined in a recent CNF update, where President Donald Trump was criticized...
UTXO Management and Sora Ventures acquired a 70.26% stake in HK Asia Holdings, aiming to lead Bitcoin adoption in Asia.Sora Ventures launched a $150M fund to integrate Bitcoin as a reserve asset in corporate treasuries across Asian markets. UTXO Management, Sora Ventures, and other strategic partners have finalized the acquisition of a 70.26% share in...
Gemini chooses Malta as its MiCA hub, strengthening compliance and innovation in Europe’s crypto sector.New Canadian regulations prompt Gemini to exit the market, closing accounts by December 31, 2024. Gemini has chosen Malta as its European operating hub. This move was made to comply with the Markets in Crypto-Assets (MiCA) framework, which governs the European...
Bitcoin is expected to stage a historic run to an unprecedented level once it makes a decisive surge above the $106k resistance level. Another analyst also estimates Bitcoin to decline to $92k, predicting the excitement around the US presidential inauguration to fade. Bitcoin’s (BTC) dominance increases to 57.42% after significantly surging to reach a daily high...
Utah proposes a bill to invest up to 10% of state funds in Bitcoin and stablecoins.The legislation includes provisions for staking, lending, and protecting self-custody rights. Utah is proposing a groundbreaking proposal to add cryptocurrency to its state investment approach. The “Blockchain and Digital Innovation Amendments” bill created by state representative Jordan Teuscher gives the...