<a href="https://coingeek.com/uae-unveils-new-guidelines-to-curb-unauthorized-use-of-digital-assets/" rel="nofollow" title="UAE unveils new guidelines to curb unauthorized use of digital assets"><img alt="UAE skyline" class="webfeedsFeaturedVisual not-transparent wp-post-image" height="354" src="https://coingeek.com/wp-content/uploads/2023/11/UAE-680x354.webp" width="680" /></a>To combat illicit digital asset use, the United Arab Emirates released new guidelines that would help strengthen the region's financial system integrity, with an emphasis on compliance and heightened vigilance. [...]
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The post <a href="https://coingeek.com/uae-unveils-new-guidelines-to-curb-unauthorized-use-of-digital-assets/">UAE unveils new guidelines to curb unauthorized use of digital assets</a> appeared first on <a href="https://coingeek.com">CoinGeek</a>.

UAE unveils new guidelines to curb unauthorized use of digital assets

Over 11% of global VC funding in blockchain and crypto was funneled towards ventures based in Hong Kong and Singapore, PitchBook data shows.

Hong Kong, Singapore attracting increasing crypto VC funding

A US district Court has cautioned the US SEC on a series of misinterpretations in its allegations against crypto firm Debt Box. The Court has threatened official sanctions if the regulatory body fails to substantiate its claims.  Court Questions SEC Attorney’s Inaccuracies In Crypto Case United States District Judge Robert Shelby has called out attorneys […]

Court Threatens To Sanction SEC Over Legal Battle With Crypto Firm, Here’s Why

Coinbase CEO reveals plans to expand layer-2 network Base, aiming for faster, cheaper transactions and wider industry integration.
Continue reading at DailyCoin.

Coinbase’s Layer-2 Network, Base Announces No Token Plans

Investors this week have had their eyes on Bitcoin and a bunch of obscure meme coins following the death of Charlie Munger and Henry Kissinger.

This Week in Coins: Bitcoin Continues Surge, Meme Coin Mania on Legendary Investor's Death

Despite Bitcoin being up over 100% year-to-date (YTD), a recent report shows that this hasn’t necessarily translated to profits for the network’s miners. Instead, these miners seem to be experiencing a downturn in their revenue even as the Bitcoin Halving looms.  Related Reading: Bitcoin A Tad Closer To $40,000 – Is $41K The Next Stop In A Few Days? Bitcoin Miners’ Revenue Down By Over 30% According to a report by BanklessTimes, the revenue of these miners is down by over 30% in the past six months. Interestingly, these miners had their most profitable month when Bitcoin’s price was just picking up at the beginning of the year. Their revenue soared to as high as $918.8 million in January. In the months after that, there was a significant decrease in the revenue earned. Things began to pick up again in October, as that month represented their second-highest monthly earnings of 2023.  They are reported to have earned $885 million in that period. However, the downward trend resurfaced in November as these miners saw a drop in their revenue once again. The total earned in that month stood at $615.1 million.  Commenting on this data, BanklessTimes crypto expert Alice Leetham noted how this has become a cause for concern. This brought about the need to analyze factors that may be contributing to this downward trend.  BTC market cap currently at $758 billion on the daily chart: TradingView.com Related Reading: Ethereum ATH: Exploring The Possibility Of Ether’s New Peaks In 2024 Factors Contributing To The Trend The volatile nature of Bitcoin prices has been singled out as the most obvious factor affecting miners’ revenue. Bitcoin’s failure to meet certain price projections has directly impacted the profitability of mining projections.  There is the likelihood that certain miners doubled down on their operations in hopes that the crypto token will hit certain milestones, and that hasn’t happened.  Bitcoin mining difficulty adjustment is said to be another factor for this downward trend. Mining difficulty becomes higher as more miners enter the network. This ultimately leads to a decrease in miners’ revenue as more persons are competing to mine a block. Bitcoin’s popularity hasn’t helped in this regard, as the network continues to attract an increasing number of miners.  Meanwhile, there is also the Bitcoin Halving event, which will be playing in the minds of these miners. This is when miners’ rewards are cut in half. The next one is scheduled for April 2024. With this downward trend and the halving on the way, it isn’t surprising that these miners are looking to diversify their operations.  BanklessTimes, however, believes that things could start looking up once again for these miners. They highlighted the ongoing advancements and increasing acceptance of Bitcoin as factors that might help “counterbalance these difficulties.” Featured image from Shutterstock

Bitcoin Miner Revenue Sees Massive 6-Month Crash – What’s Going On?

As the week is approaching its end, some cryptocurrencies are transitioning into a consolidation phase while others present attractive investment … Continued
The post 3 cryptocurrencies under $0.10 to buy next week appeared first on Finbold.

3 cryptocurrencies under $0.10 to buy next week

Is this what Crypto does to its holders? 

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Is this what Crypto does to its holders? 😂 #shorts

Web3 allows for traceability of content, Chris Duffey, who leads strategic development for Adobe’s Emerging Solutions, says. 

"Think of it almost as a nutritional label that is embedded into content. And so now you can see ... when and where it was distributed."

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Injective's Bullish Run!

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The number of crypto wallet addresses holding more than $1 million in Bitcoin has more than tripled this year.

#Bitcoin millionaires triple in 2023

💡 Vivek Ramaswamy advocates for linking the U.S. dollar to a varied commodity mix, possibly including bitcoin.

🗣️ What’s your take on this proposal?

Listen to the full episode of Unchained on the CoinDesk Podcast Network👇
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