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The Philippine Central Bank has approved PHPC, a peso-pegged stablecoin by Coins.ph, designed to speed up and reduce the cost of remittances.
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A recent report by Electric Capital shows Asia has overtaken North America in crypto developer distribution, marking a significant shift in global talent. ⚫️Asia's share of crypto developers rose from 13% in 2015 to 32% in 2024 ⚫️North America’s share dropped from 44% to 24% ⚫️U.S. remains the top country at 18.8%, with India and the UK following at 11.8% and 4.2% ⚫️64% of developers are located outside traditional U.S. tech hubs
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According to Coinshares’ Q3 report, Bitcoin mining costs surged to around $49,500 per BTC in 2024, with total production costs, including depreciation, averaging $96,100. Rising expenses are attributed to heightened mining difficulty, infrastructure expansion, and limited financing due to increased interest rates.
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Robinhood's Q3 crypto trading volumes grew to $14.4bn, a 112% year-over-year increase from $286.2bn. Despite this growth, volumes still fell from $21.5bn in Q2 and $36bn in Q1.
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Reddit has sold almost all of its previously acquired crypto, including BTC and ETH. The company's balance contains only ETH and MATIC, but the amounts are "not material."
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YouTuber MrBeast is under investigation for ties to over 50 crypto wallets linked to potential insider trading, netting over $23m in total profits.
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