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Daedalus Wallet is a cryptocurrency wallet designed specifically for the Cardano blockchain. It is the official wallet for storing ADA, the native cryptocurrency of the Cardano platform. Daedalus is a full-node wallet, which means it downloads and locally stores the entire Cardano blockchain, providing users with increased security and control over their funds.
Benefits of Daedalus Wallet:
Security: Daedalus is a full-node wallet, which means it downloads and verifies the entire Cardano blockchain. This enhances security by reducing reliance on third-party servers.Control: Users have full control over their private keys, ensuring that they have ownership and access to their funds.Staking: Daedalus allows users to participate in the Cardano network’s proof-of-stake consensus mechanism by staking their ADA. Staking rewards are earned by supporting the network’s security and functionality.User Interface: Daedalus provides a user-friendly interface, making it easy for users to manage their ADA holdings, delegate to staking pools, and view transaction history.Compatibility: Daedalus is available for Windows, macOS, and Linux operating systems, providing broad compatibility.
Disadvantages of Daedalus Wallet:
Blockchain Download: The initial blockchain download can be time-consuming and resource-intensive, as it requires users to download the entire Cardano blockchain.Resource Requirements: Running a full node wallet like Daedalus may require a significant amount of disk space and computational resources.Learning Curve: For beginners, the full range of features in Daedalus may have a learning curve, especially for those unfamiliar with cryptocurrency wallets and blockchain technology.
Main Use in Detail:
The main use of the Daedalus Wallet is to securely store and manage ADA, the cryptocurrency native to the Cardano blockchain. Users can send and receive ADA, delegate their holdings for staking, and participate in the Cardano network’s consensus mechanism. The wallet’s full-node nature enhances security and decentralization.
One notable feature is the ability to delegate ADA to staking pools directly from the wallet interface, allowing users to earn staking rewards and support the Cardano network without relying on external services.
Overall, Daedalus serves as a comprehensive and secure wallet solution for users deeply involved in the Cardano ecosystem, offering features beyond basic transaction capabilities.

In response to the heightened regulatory constraints, Bybit will terminate withdrawal and custody services for French customers on January 8, 2025.
In response to the heightened regulatory scrutiny by French financial authorities, Bybit, a global cryptocurrency exchange, has announced that it will suspend withdrawal and custody services for French users effective January 8, 2025, at 8:00 a.m. UTC.
In order to prevent complications with account access or fund transfers, the company recommended that affected users withdraw their funds prior to the deadline.
Bybit intends to transfer unclaimed assets exceeding 10 USD Coin to Coinhouse, a licensed cryptocurrency custodian in France. In order to regain access to their holdings, users will be required to complete a verification procedure with Coinhouse. For accounts with balances below 10 USDC, Bybit will impose a termination fee that is equivalent to 10 USDC and will deduct it from the available assets.
The action is indicative of the increasing regulatory pressures on global crypto exchanges, as legislation in numerous jurisdictions attempts to tighten its control over crypto.
Coinhouse transfers will commence after January 8, 2025, according to Bybit. Withdrawals will be momentarily suspended during this procedure, which is anticipated to last until January 16, 2025.
French users who have a verified Coinhouse account will receive a rebate for their assets shortly after January 16, provided that their account details correspond to their Bybit identity and details.
In order to access their funds, users in the country who do not have a Coinhouse account will be required to register and complete a comprehensive Know Your Customer (KYC) verification procedure.
Bybit clarified that there would be no fees associated with converting assets to USDC or transmitting funds to Coinhouse.
Nevertheless, until successful KYC verification, unverified Coinhouse accounts will be subject to a monthly custody fee of 0.16% of asset value or 1 USDC, whichever is greater.
The announcement stated that the custody fee would be applied on the first day of each month. However, the initial fee will be charged on the day the assets are transmitted to Coinhouse.

Marathon Digital’s expanded offering suggests that it intends to augment its treasury holdings, which is indicative of its adaptability in Bitcoin acquisition strategy.
According to a Nov. 18 statement, Marathon Digital, a Bitcoin mining company that is listed on the Nasdaq, intends to raise its debt offering to $1 billion, with a maturity date of 2030.
Marathon clarified that the zero-interest senior notes would be privately sold to qualified institutional purchasers in accordance with Rule 144A of the Securities Act of 1933. The company’s initial objective was to raise $700 million; however, investor demand necessitated an increase in the offering to $980 million.
MARA anticipates that the net proceeds from the issuance of the notes will be around $833 million (or $980 million if the initial purchasers exercise their option to purchase additional notes in full).
Unless redeemed, converted, or repurchased prior to March 1, 2030, the unsecured senior notes will mature without regular interest. The company’s treasury will receive a portion of the funds to purchase additional Bitcoin.
According to Marathon, the conversion rate for these new notes is 38.5902 shares of MARA stock per $1,000 principal, which translates to an initial conversion price of approximately $25.91 per share. This represents a 42.5% increase in value from the volume-weighted average stock price of $18.18 for MARA.
Salman Khan, Marathon’s Chief Financial Officer, observed that this is the highest premium for a zero-coupon offering since 2021.
In the interim, market analysts hypothesized that Marathon’s decision is indicative of its capacity to directly mine or acquire Bitcoin, contingent upon cost efficiency.
Marathon anticipates a net profit of approximately $833 million from the offering, which could rise to $980 million if purchasers exercise their options for additional notes in full. The remaining proceeds will be used to finance Bitcoin acquisitions, corporate expansion, strategic investments, and debt repayment, in addition to repurchasing the 2026 convertible notes.
Marathon currently possesses 27,562 BTC, which is equal to approximately $2.5 billion, as per Bitcoin Treasuries data. This places it as the second-largest public corporation in terms of Bitcoin holdings, trailing only Michael Saylor’s MicroStrategy, which has over 331,000 BTC and a value of over $30 billion.

Elon Musk argues everything the government spends comes from taxes from your salary or inflation that raises prices.
Elon Musk recently revealed that all government expenditure is taxed. Taxpayers pay for income taxes and inflation.
This was in reaction to Dogecoin founder Billy Markus’ warning about the government overspending by $2 trillion yearly for eight years.
Elon acknowledged the true cost of Washington’s spending frenzy. The guy now speaks more than words. Elon and biotech investor Vivek Ramaswamy will lead the new Department of Government Efficiency (D.O.G.E) with Donald Trump in the Oval.
Elon’s ambition seems impossible when analyzing the U.S. budget. Start with $880 billion in national debt interest payments. Unless the government defaults, that 13% of the budget is untouchable.
Social Security, another political holy cow, consumes $1.46 trillion—22% of total spending—making cutbacks impossible. Add Medicare, the lifeline for elderly, and required spending consumes most of the federal budget.
The discretionary budget, which Congress may change annually, remains. That accounted for 25% of government spending in 2023 at $1.7 trillion. Over half of discretionary funding went to defense ($874 billion).
Educational, transportation, and Homeland Security projects received the remainder. Elon wants to save $2 trillion, but even cutting all discretionary expenditure wouldn’t do it. Imagine draining a pool with a teaspoon.
However, the eccentric billionaire will try. Last month, Trump predicted waste elimination might save “at least $2 trillion” during a New York rally. If agencies aren’t necessary, he’d eliminate them.
He may be thinking about the many government projects stifled by bureaucracy and incompetence, but economists discredit his calculations.
Trump’s pledges don’t match Elon’s plans. The president campaigned on lowering benefit taxes to make Social Security more generous, which would increase expenditures.
He wants to increase military spending to create a “iron dome missile defense shield,” which won’t save money. While Elon speaks about reduction, Trump’s plans imply otherwise.
This tug-of-war isn’t new for Washington. In 2022, Republicans seized over the House and began cutting expenditures. However, their party opposed even a $130 billion discretionary expenditure cut.
Slashing $2 trillion might split the GOP if tiny cutbacks cause infighting. Economists doubt Elon’s timeline. He has not stated whether he will make these cuts in one year or over time.

The value of El Salvador’s cryptocurrency assets has increased by millions as a result of the most recent market rise. BTC is getting closer to $90,000, which has led to significant increases in El Salvador’s Bitcoin holdings.
El Salvador’s Bitcoin has experienced a substantial increase in value as the crypto markets continue to rise. Bitcoin reached a new high of $89,700 on November 12, according to statistics. This brought the cryptocurrency’s total market value closer to $2 trillion.
The two nations’ Bitcoin holdings saw large gains as a result of the big price rise. In only one week, the value of El Salvador’s assets grew by more than one hundred million dollars as a direct result of the recent jump in the price of Bitcoin.
Arkham Intelligence, a company that tracks blockchain data, estimates that El Salvador’s Bitcoin holdings were worth around $402 million on November 5th. Its holdings reached a staggering $523 million on the 12th of November, as the market continued to rise to new highs.
The adoption of Bitcoin as a form of legal money took place in El Salvador on September 7, 2021. During that period of time, the nation made its debut investment in the asset by purchasing around 200 Bitcoins. In the time since then, the nation has progressively grown the amount of land it owns. According to the statistics provided by Arkham Intelligence, El Salvador now has around 5,900 Bitcoin.

State legislators in the United States are currently engaging in consultations with crypto experts to ensure the successful passage of the “Strategic Bitcoin Reserve” legislative proposal.
U.S. Senator Cynthia Lummis disclosed the nation’s dedication to establishing a strategic Bitcoin reserve during her commentary on Trump’s election. U.S. legislators are currently seeking the help of crypto experts to facilitate the passage of the Strategic Bitcoin Reserve legislative plan, following their recent electoral victory. During his speech at the Bitcoin Conference 2024 in Nashville, Donald Trump made a number of commitments to the crypto community. Among these commitments was the establishment of a Bitcoin Reserve in the United States.
In an effort to secure the ballots of the 50 million crypto holders in the United States, Donald Trump expanded his campaigns to include the cryptocurrency community. The former president made a few promises to promote the development of the industry and establish America as the global crypto center during his speech at the 2024 Bitcoin conference.
The establishment of a Strategic Bitcoin Reserve in the U.S. Federal Reserve was perhaps the most ambitious and consequential promise. Several state legislators have reportedly reached out to industry experts after winning their elections to request their help in enacting the policy, in accordance with this promise.
Dennis Porter, the CEO and co-founder of the Satoshi Act Fund, disclosed that numerous legislators have contacted him for advice regarding the passage of the Bitcoin reserve policy. Porter encouraged his 170,000 followers on Twitter to mention state legislators in the remark portion of the post in order to encourage their states to participate in the Strategic Bitcoin Reserve movement.
Matt Hall, the state representative of Michigan’s 42nd District, Ron DeSantis, the governor of Florida, and Trevor Lee from Utah are among the state representatives from various regions of the country. X users have tagged them. Porter has verified that other legislators have begun to contact him following the publication of the post.
Cynthia Lummis, the U.S. Senator from Wyoming, reaffirmed on November 6th that the Trump administration is on course to establish a strategic Bitcoin reserve in the wake of Trump’s victory.
The United States is the government with the largest Bitcoin holdings, as per Bitcoin Treasuries. At present, the United States government possesses 208,109 Bitcoin (BTC) valued at $15.81 billion at market prices.
Upon the closure of Silk Road, an unlawful marketplace on the dark web, investigators confiscated the assets. The United Kingdom is in third place with 61,245 Bitcoin, while China falls behind the U.S. with 190,000 Bitcoin worth $14.44 billion.
In the same Nashville speech, Trump also pledged to provide support to the Bitcoin mining sector in the United States in order to surpass competitors such as China. Additionally, he declared that his administration would guarantee an adequate supply of electricity to facilitate the Bitcoin mining process.

WazirX, the cryptocurrency exchange that was recently the target of a significant breach, is introducing a new “Recovery Token” to resolve its outstanding obligations with creditors.
Following the breach, which resulted in the theft of more than $230 million, WazirX intends to distribute this token to creditors in accordance with their platform balances. This initiative offers a structured approach for users to potentially reclaim a portion of their misplaced funds.
The Recovery Token’s framework encompasses a variety of strategies to increase the platform’s profitability and finance recovery, including asset sales and endeavors to reclaim misappropriated assets.
The token will also include a repurchase option, which will provide liquidity and enable creditors to trade or sell the tokens on the open market, contingent upon market conditions. In the months ahead, WazirX intends to disclose additional information regarding the token’s mechanisms.
In July 2024, the Lazarus Group, a North Korean hacking organization, perpetrated a cyberattack that caused the seizure of nearly $235 million. Before WazirX suspended operations, the hackers exploited vulnerabilities in the platform’s multisig wallet to take funds from both hot and cold wallets. CoinSwitch, a competitor exchange, filed a lawsuit in an effort to retrieve some of the funds that were held as a result of this compromise.
This recovery strategy is reminiscent of an earlier initiative by Bitfinex, which encountered a comparable situation in 2016 following a breach that resulted in the loss of millions of dollars. Bitfinex issued recovery tokens to affected users, similar to WazirX, which enabled them to claim future revenue as compensation.