According to Arch Labs, the new virtual machine will handle off-chain computations to enable Turing-complete smart contracts directly on Bitcoin’s base layer. This would eliminate the need for external scaling solutions and offer Solana-like transaction speeds while maintaining Bitcoin’s security infrastructure.
User growth remained strong. Bitget added 4.89 million users on its CEX platform and 15 million users on Bitget Wallet in Q1 alone, bringing the platform's global user base to over 120 million—a nearly 20% rise.
The suggested tax reform, initially introduced by the center-left Social Democratic Party (SPD), aimed to eliminate a one-year tax exemption on crypto gains and raise the flat tax on private capital income to 30%. The idea was to align taxation on digital assets with that of traditional financial instruments like stocks, which are currently taxed more stringently.
The company’s aggressive expansion in Bitcoin mining operations has not only boosted its revenue but also significantly increased its cryptocurrency holdings. With a strategic push into North America, including new partnerships and upgraded mining facilities, Canaan is poised for even greater success.
Hornet’s software is designed to make sense of the often opaque world of cryptocurrency transactions. By leveraging proprietary algorithms, the startup helps trace the flow of digital assets across wallets and exchanges. This has already led to breakthroughs in criminal probes.
