At the recent GDEC 2023 conference, Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), critiqued Bitcoin and similar digital currencies, questioning their viability as a form of money. Menon asserted that private cryptocurrencies, including Bitcoin, have “miserably failed the test of money,” primarily due to their volatility and use as vehicles for The post MAS Director mislabels Bitcoin a ‘private cryptocurrency’ stating it has ‘failed the test of money’ appeared first on CryptoSlate.

In a recent blog post, Ethereum co-founder Vitalik Buterin presents his views on an ongoing debate around “techno-optimism.” The post was notably sparked by Marc Andreessen’s “Techno-Optimist Manifesto,” which advocates for an enthusiastic embrace of technology, markets, and capitalism as tools to propel humanity toward a brighter future. Andreessen’s manifesto firmly opposes what he terms The post Buterin sees benefit of ‘uploading’ minds and need for open-source innovation in AI appeared first on CryptoSlate.

BlockFi has reached an agreement in principle with Vrai Nom Investment in its complex bankruptcy proceedings, potentially marking a pivotal moment in the crypto lending firm’s efforts to navigate its financial challenges. BlockFi has been granted an adjournment on related hearings until Dec. 19. As BlockFi emerges from the shadows of its November 2022 bankruptcy The post BlockFi secures key $21M agreement with Vrai Nom amid turbulent bankruptcy appeared first on CryptoSlate.

Last week saw a remarkable influx of capital into digital asset investment products, amounting to $346 million, according to CoinShares’ most recent data. This figure represents the most significant weekly inflow in a consecutive nine-week run and marks a pivotal point last seen during the bull market enthusiasm of late 2021. According to the reported The post Canada and Germany dominate crypto ETP inflows as record $346M added to funds appeared first on CryptoSlate.

Bitcoin miner HIVE has finalized an agreement to acquire a data center facility in Boden, Sweden. This acquisition, part of a property transfer agreement with Turis AB, signals a notable expansion of HIVE’s infrastructure in Europe. The Boden facility, previously integrated into the EU Horizon 2020 project, is expected to enhance HIVE’s bitcoin production capabilities, The post HIVE expands European footprint with strategic Swedish data center acquisition appeared first on CryptoSlate.