In an interview with CoinDesk, Fred Thiel, CEO of Marathon, emphasizes the importance of securing adequate funding for the development and upkeep of the open-source Bitcoin Core client software.
Despite this, it still holds the position of the leading centralized exchange in the industry.
The increasing difference in Bitcoin's price between Binance's U.S. branch and its global counterparts is causing concern among some observers who fear potential legal actions taken against the unit.
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The SFC's guidelines explicitly forbid the distribution of crypto 'gifts' intended to encourage retail investments, which may encompass airdrops. Additionally, the guidelines state that stablecoins should not be allowed for retail trading until they undergo regulatory oversight.
On Monday, meme coin traders enthusiastically invested in various pizza-related tokens, but the anniversary of the first bitcoin purchase was overshadowed by rug pulls that dampened the mood.
The bank anticipates a continued lack of activity in digital asset trading, as retail investors choose to stay out of the market.
Data from CryptoSlam, a platform tracking cryptocurrency statistics, reveals that NFTs built on the Bitcoin network have generated an impressive $167 million in the last month, rapidly approaching Ethereum's leading position.
The project additionally introduced its new PLEX client, designed to alleviate the demands of computationally intensive tasks involving scientific data.