CRYPTO REPORT: The Last 24 Hours in Crypto

CONNECTICUT BANS CRYPTO INVESTMENTS

Connecticut has enacted a new law banning investments in cryptocurrencies.

The ban applies to state funds, meaning public institutions are prohibited from holding digital assets.

This decision is part of a broader risk management strategy for state portfolios.

It affects the potential adoption of Bitcoin and other cryptocurrencies by institutions in the state.

UKRAINE: PARLIAMENT CONSIDERS CRYPTO RESERVE BILL

The Ukrainian Parliament is working on a bill concerning cryptocurrency asset reserves.

The bill aims to regulate how the state stores and manages cryptocurrencies.

The proposed regulations could impact the country’s financial stability and the adoption of blockchain technology.

These efforts are part of a wider strategy to digitize Ukraine’s economy.

MEXC LAUNCHES $100 MILLION USER PROTECTION FUND

The MEXC cryptocurrency exchange has launched a $100 million user protection fund.

The fund is intended to secure customer funds in case of security breaches or platform failures.

This move aims to boost trust and security in the crypto market.

MEXC joins other exchanges offering similar guarantees to their users.

H100 RAISES $10 MILLION FOR BITCOIN OPERATIONS, STOCKS SURGE

H100, a company specializing in Bitcoin mining, has raised $10 million in funding for further Bitcoin-related operations.

Following the announcement, H100’s stock rose by 45%.

The funds will be used to increase operational capacity and expand Bitcoin mining infrastructure.

Investors responded positively to the company’s plans to grow its presence in the Bitcoin market.

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