Bitdeer Technologies reported a net loss of $50.1 million for the third quarter of 2024, with total revenue declining to $62 million from $87.3 million in the same period last year. The company’s unaudited financial results, released on Nov. 18, attribute the decrease primarily to the impact of the April 2024 Bitcoin halving, increased global The post Bitdeer reports $50 million loss due to Bitcoin halving, increased R&D costs appeared first on CryptoSlate.

Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), delivered a detailed address on Nov. 14 at the PLI Annual Institute on Securities Regulation. His remarks highlighted the SEC’s approach to crypto regulation while repeatedly identifying the difference the SEC sees between altcoins and Bitcoin. The language used by Gensler also hinted at The post Gary Gensler claims SEC helped crypto, takes credit for Bitcoin ETFs, dismisses altcoins and hints at resignation appeared first on CryptoSlate.

DecideAI has announced the integration of its biometric identity verification solution, DecideID, into the Solana blockchain, aiming to enhance security and trust within the ecosystem. This move introduces Proof-of-Personhood (PoP) capabilities to Solana, ensuring that users are verified as unique individuals without the need for traditional Know-Your-Customer procedures. Raheel Govindji, founder and CEO of DecideAI, The post ICP identity protocol DecideID to launch on Solana eliminating any KYC need for DeFi appeared first on CryptoSlate.

Pennsylvania’s legislature has introduced landmark legislation for establishing a Bitcoin reserve, positioning the state at the forefront of digital asset policy in the United States. The bill, led by Representative Mike Cabell, enables the state to allocate a portion of its reserves exclusively to Bitcoin as a strategic hedge against inflation and an asset to The post Pennsylvannia introduces bill to use $7 billion state fund for Bitcoin Strategic Reserve purchases appeared first on CryptoSlate.

President Trump’s administration reportedly plans to eliminate capital gains taxes on cryptocurrencies issued by U.S.-registered companies. If enacted, this move would exempt American investors from taxes on profits gained from holding certain digital assets. Should it happen, this shift could drive significant capital inflows toward US-based cryptocurrencies and bolster domestic economic incentives, aligning with the The post No capital tax on US crypto, Bitcoin reserve asset, nation state adoption – the biggest Trump rumors appeared first on CryptoSlate.