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The L1 project burns over 6.7M tokens in its first community buyback. The initiative aims to reward active network participants. Another buyback is slated for November, strengthening Injective’s deflationary mechanism. Injective has taken it to X to confirm the completion of its first community-led token buyback, which started on October 23, marking a key step in the L1’s deflationary model. The team revealed that the event burned 6.78 million INJ coins, worth roughly $32.28 million. The first $INJ Community BuyBack […]

The US Fed has cut rates by 25 bps, signaling a softer monetary stance. Bitcoin price is down 3% to $111,400 as traders digest the policy move. Fed to end the quantitative tightening on December 1. The cryptocurrency market has seen renewed volatility after the US Federal Reserve announced a widely expected 25-basis-point interest rate cut. Bitcoin (BTC), Ethereum (ETH), and other altcoins have reacted with mild declines as traders digested the central bank’s decision and its implications for the […]

The AfD party is urging Germany to treat Bitcoin as a strategic national asset. The AfD Bitcoin reserve motion seeks MiCA exemption and clear, favorable tax rules. AfD is pushing Bitcoin as “state-free money” to boost sovereignty. Germany’s Alternative for Germany (AfD) party has put forward a parliamentary motion urging the government to recognize Bitcoin as a strategic asset. The short, forceful proposal argues Bitcoin deserves distinct treatment from other crypto-assets and calls for tax and regulatory relief to bolster […]

Thopen plans to use surplus solar energy for Bitcoin mining. The move could cut curtailment losses and boost grid stability. Brazil may emerge as a leader in sustainable crypto mining. Brazilian solar energy firm Thopen is considering a bold new move to address one of the country’s most pressing renewable energy challenges of excess electricity generation. The company plans to explore Bitcoin mining as a way to convert surplus solar energy into a profitable and sustainable business model. Turning surplus […]

Bitcoin fell below $111,000 after Fed Chair Powell’s hawkish comments. Powell said a December interest rate cut is “not a foregone conclusion.” Major cryptocurrencies like Ethereum, XRP, and Solana also posted losses. Bitcoin and the wider cryptocurrency market took a sharp downturn after US Federal Reserve Chair Jerome Powell signaled that a highly anticipated December interest rate cut was not guaranteed, reversing market sentiment that had priced in further easing. The hawkish remarks immediately spooked investors, sending Bitcoin below a […]