By Kapil Rajyaguru
Trump Considering A New White House Post Dedicated To Crypto Policy.
According to the latest Bloomberg report, President-elect Donald Trump is considering creating a new White House post dedicated entirely to cryptocurrency policy.
The role would be the first-ever crypto-specific White House post, which highlights the crypto industry’s prominent role in the Trump administration. Trump’s transition team is considering current and former CFTC officials to chair the financial regulatory agency.
However, it’s unclear whether the position would be more similar to a senior staff position at the White House or as a “crypto czar”.
MicroStrategy Surpasses $100bn Market Cap.
Michael Saylor’s MicroStrategy (MSTR) has surpassed a $100 billion market cap in a remarkable feat. It also became the most traded stock in the United States today, with trading activity surpassing Tesla and Nvidia.
Earlier today, the company announced that it had upsized its private offering of convertible notes to $2.6 billion for additional Bitcoin purchases. The software firm has also broken into the top 100 publicly traded companies in the United States.
It recently purchased an additional $4.6 billion worth of Bitcoin, which brought the company’s total holdings above 331,200 BTC. The company’s share is up almost 14% over the last 24 hours.
BitGo Launches Singapore Services, Eyes Other Crypto-Friendly Regions in Asia.
BitGo, the U.S. digital asset infrastructure provider for institutions, has officially launched its services in Singapore, the company announced on Thursday.
The firm received a Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS) in August of this year. As a result, it is now rolling out a wider suite of products that will put its local offerings on par with those offered in Europe and the U.S.
In addition to its custody and wallet services, BitGo will now offer regulated cold storage for over 1,100 digital assets, 24/7 electronic and voice trading, real-time automated settlements, and full-service token management solutions.
Solana Killer’ Sui Down, No Blocks Produced For More Than 1 Hour.
Sui, a decentralized layer-1 blockchain designed for rapid smart contract deployment, experienced a significant outage on Nov. 21, halting block production for more than an hour.
Data from the Sui Network explorer, SuiVision, shows that the Sui blockchain went down, producing no blocks for more than an hour.
The data indicates that no new blocks have been produced since the last block at 9:15 am UTC.
You need to login in order to Like
