By Kapil Rajyaguru
New Hampshire, North Dakota Introduce Bills For Strategic Bitcoin Reserve.
New Hampshire and North Dakota have become the latest US states to introduce legislation for a strategic Bitcoin reserve, signaling a continued push among lawmakers to diversify state treasuries with the cryptocurrency.
In November, the Pennsylvania House of Representatives introduced its own legislation for a state-level Bitcoin reserve modeled after a proposal from the Satoshi Action Fund.
Bettors on Polymaket say there’s only a 27% chance that Trump will establish a Bitcoin reserve in his first 100 days in office. This figure was as high as 45% in November.
FTX To Begin Distributing $1.2bn To Creditors After Trump Inauguration.
FTX is preparing to distribute more than $1.2 billion in repayments to the users of the bankrupt former cryptocurrency exchange. FTX, once the world’s second-largest centralized cryptocurrency exchange (CEX), is set to begin repaying defunct users who have been unable to access their funds for over two years.
Users of the exchange who are owed up to $50,000 worth of digital assets have until Jan. 20 to fulfill their repayment requirements. FTX will likely start repaying claims of up to $50,000 after Jan. 20, according to popular FTX creditor Sunil, who is part of the largest group of over 1,500 FTX creditors, the FTX Customer Ad-Hoc Committee.
The Jan. 20 deadline coincides with US President-elect Donald Trump’s inauguration, which has sparked expectations of more crypto regulatory clarity and the possible acceptance of the Bitcoin Act.
Indian Railways To Issue NFT Tickets On Polygon For Mahakumbh Mela Festival.
Indian Railways will issue non-fungible token (NFT)-based train tickets to all passengers traveling to MahaKumbh Mela, a Hindu festival and pilgrimage held once every 144 years.
On Jan. 13, blockchain firm Chaincode Consulting announced a partnership with the Indian Railway Catering and Tourism Corporation (IRCTC) to digitize the spiritual journey of millions of travelers heading to the major pilgrimage in India.
The NFTs will be minted over the Polygon blockchain and made available via the real-world assets (RWAs) and traceability platform NFTtrace.
World Announces 10mn Users Verified On World Network.
World, formerly known as Worldcoin, recently announced the milestone of verifying 10 million human beings on its digital identity network.
Worldcoin uses a network of orbs to collect biometric data to establish proof of personhood — identifiers that verify an individual is human and who that individual is.
The company says proof of personhood is necessary due to rapid AI development, which threatens the reliability of information and intellectual property rights.
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