Dubai International Financial Centre Enacts Digital Assets Law

The Dubai International Financial Centre (DIFC), one of the largest free zones of the Middle East, Africa, and South Asia (MEASA) region, has enacted a new Digital Assets Law, revamping its whole legislative system to include these tools. The law changes previous contracts, insolvency, damages, obligations, securities, and personal property laws, amending them to account […] Source CryptoX Portal

Marathon Digital Anticipates Bitcoin Break-Even Price Of $43,000

The Bitcoin (BTC) market has been on a wild ride recently, hitting a new all-time high (ATH) before experiencing notable volatility that resulted in an 8% drop to the $65,500 level on Friday.  Meanwhile, Marathon Digital, one of the largest US-based Bitcoin mining companies, is preparing to acquire more power infrastructure and streamline operations to meet the challenges posed by a reduction in revenue due to the upcoming April halving event.  Bitcoin Miners Brace For Post-Halving Shakeout According to a Bloomberg report, Marathon Digital plans to acquire additional power infrastructure…

Marathon Digital CEO predicts $43k Bitcoin break-even post-halving

Marathon Digital Holdings CEO Fred Thiel predicts that the break-even point for Bitcoin mining will climb to about $43,000 following the upcoming halving event.  This significant increase from the current industry average of $23,000 underscores the potential impact on miners’ profitability. Thiel shared these insights during a Bloomberg Television interview, highlighting the challenges and adjustments miners will face. Marathon Digital, a top U.S. Bitcoin mining company, is aggressively expanding its power infrastructure and deploying new equipment to mitigate the anticipated revenue drop from the halving. Thiel emphasized the company’s immediate…

Stifel Resumes Galaxy Digital Coverage With a Buy Rating

“The company offers an asymmetric return profile with significant principle exposure to bitcoin (BTC) and ether (ETH); a diverse group of revenue-producing businesses across trading, investment banking and asset management; and longer-term outsized growth potential through its infrastructure solutions arms, which focuses on core technologies that power decentralized networks,” analysts Bill Papanastasiou and Suthan Sukumar wrote. Source

Thailand approves crypto tax break to boost its digital economy

Thailand’s cabinet approved a tax exemption measure for crypto earnings to boost the country’s competitive edge in digital finance. This strategic move targets earnings derived from investment tokens, granting investors a significant advantage by exempting these profits from personal income tax calculations. According to local reports, the policy will take effect on January 1, 2024. The policy underscores the government’s recognition of digital tokens as a crucial fundraising tool for local businesses. Thailand opens doors for big institutions, blockchain developers and traders to access U.S. spot #Bitcoin  ETFs. Thailand is…

Cleartoken Secures $10M in Funding to Pioneer UK’s First Digital Asset Clearing House

On Monday, the crypto clearing house startup Cleartoken revealed that it raised $10 million from strategic investors including Nomura’s Laser Digital, Flow Traders, and LMAX Digital. Cleartoken Nets $10M to Launch U.K. Digital Asset Clearing Services The horizontal clearing house for the digital asset market, Cleartoken, revealed that it’s raised $10 million in order to […] Source CryptoX Portal

London Stock Exchange Embraces Digital Assets by Accepting Crypto ETN Applications

In a pivotal announcement, the London Stock Exchange (LSE) has shared its plans to accept bitcoin and ethereum exchange-traded note (ETN) applications, signaling a significant shift toward incorporating digital currencies into mainstream financial markets. LSE Announces Acceptance of Crypto ETNs The launch of bitcoin (BTC) and ethereum (ETH) ETNs on the LSE platform marks a […] Source CryptoX Portal

Sensay Unveils AI-Powered Digital Replicas for Dementia Support and Beyond – Blockchain News, Opinion, TV and Jobs

London, UK, March 11th, 2024, Chainwire Sensay, a pioneering technology company at the intersection of AI and blockchain, today announced the imminent launch of its innovative platform designed to create autonomous lifelike AI Digital Replicas on-chain, marking a significant leap towards digital immortality. Leveraging cutting-edge technology, Sensay offers limitless potential in the digital age, empowering users to retain ownership and monetize their digital twins. A Bold Step for Dementia Patients and Beyond Starting with a focus on dementia patients and their families, Sensay aims to provide immediate social impact by…