Are you curious about the latest in the crypto world? Here’s a rundown of today’s key trends and events affecting Bitcoin prices, blockchain technology, DeFi, NFTs, Web3, and crypto regulations.
Watford FC partners with Cointelegraph to boost crypto adoption
Watford FC, a renowned English football club, has entered into a strategic partnership with Cointelegraph, further cementing its commitment to cryptocurrency and blockchain technology.
As part of this collaboration, Cointelegraph's branding will be prominently displayed at Watford's home ground, Vicarage Road, throughout the 2024–2025 EFL Championship season. Additionally, Cointelegraph will share content about Watford FC on its platform, aiming to enhance the club's visibility and engagement within the cryptocurrency industry.
Watford FC's journey into the world of cryptocurrency began in 2019 when it became one of the first Premier League clubs to feature the Bitcoin logo on its jerseys during the 2019–2020 season. This latest partnership with Cointelegraph highlights the club’s continued dedication to fintech and blockchain, marking a significant milestone in its innovative cryptocurrency journey.
Vitalik Buterin Donated $1M in Ether to Coin Center Hours After Tornado Cash Victory
Ethereum co-founder Vitalik Buterin made a significant contribution to the cryptocurrency think tank Coin Center by donating 320 ether, valued at over $1 million, as revealed by blockchain data on Tuesday night.
The donation coincided with a major legal development earlier that day when a U.S. appeals court overturned sanctions imposed on the cryptocurrency mixing service Tornado Cash. The court ruled that Tornado Cash’s smart contracts do not qualify as the property of a foreign national or entity and, therefore cannot be restricted under the International Emergency Economic Powers Act (IEEPA). The ruling also determined that the Treasury Department’s Office of Foreign Asset Control (OFAC) exceeded its authority as defined by Congress when it sanctioned Tornado Cash.
Ripple Invests in Bitwise’s XRP ETP as Token Price Surge
Ripple, a leading FinTech company, has announced plans to invest in the exchange-traded product (ETP) offered by Bitwise, which provides investors with exposure to XRP, the native token of the XRP Ledger. This product, now known as the Bitwise Physical XRP ETF, was recently rebranded from the ETC Group Physical XRP.
Bitwise confirmed in a recent announcement that the rebranding will not affect the ETP's ticker, GXRP. The product continues to track XRP's performance, enabling investors to gain regulated exposure to the cryptocurrency without the need to engage with crypto exchanges or manage digital wallets.
The announcement also highlighted that the fund, initially issued in 2022 under a prospectus approved by Germany’s financial regulator, allows European investors to access XRP through a compliant and secure platform.
Tether discontinues support for euro-pegged stablecoin EUR₮
Tether, the issuer of USD₮, the world's largest stablecoin by market capitalization, has announced it will discontinue support for its euro-pegged stablecoin, EUR₮ (EURT), and is advising users to redeem their holdings within one year.
In an official statement released on November 27, Tether confirmed that it will cease minting EUR₮ on all blockchains. The company noted that the last acquisition request for EUR₮ was processed in 2022, and it will no longer accept new issuance requests for the token.
Tether explained that the decision reflects its broader strategic objectives, taking into account the evolving regulatory landscape for stablecoins in the European market.
Foresight Ventures Launches New York Strategic Office at One World Trade Center
Foresight Ventures, a global leader in cryptocurrency and Web3 investments, is strengthening its presence in the United States with the launch of a new office at the iconic One World Trade Center in New York City.
This initiative, developed in collaboration with portfolio companies Morph and The Block, highlights the strategic importance of the U.S. market in advancing blockchain innovation and decentralization.
Situated on the 77th floor of the landmark skyscraper, the new office is designed to serve as more than just a workspace. It aims to be a collaborative hub for Web3 enthusiasts, developers, and industry stakeholders, fostering meaningful dialogue and initiatives to accelerate the adoption of blockchain technology across various sectors.
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