Mining Companies Pivot to MicroStrategy’s Approach
As mining becomes less lucrative, companies are adopting MicroStrategy-like strategies, notes JPMorgan. Factors include a surging network hashrate and reward reductions following halving events.
Crypto Tax Fraud Results in Prison Sentence
A Texas man was sentenced to two years in prison for filing inaccurate tax returns between 2017 and 2019. He reportedly omitted $3.7 million in income from Bitcoin transactions.
WhiteBIT Bolsters Collateral Options with 60 Fresh Tokens
The collateral portfolio on WhiteBIT now exceeds 80 tokens, thanks to the latest additions of PEPE, BONK, SUI, DAI, NOT, BOME, APT, AAVE, TON, MRK, STRK, and many more.
Financial Services Committee Gets a Crypto Champion
Arkansas Republican Representative French Hill has been named the new Chairman of the House Financial Services Committee.
Judge Told FDIC to Review Their Redactions of Crypto Letters
A Washington federal judge, Ana Reyes, has instructed the Federal Deposit Insurance Corporation (FDIC) to make more thoughtful redactions of crypto-related documents in the Coinbase Freedom of Information Act (FOIA) case.
Polygon Discusses Earning Yield from Stablecoin Reserves
The Polygon community has proposed a new liquidity program to deploy DAI, USDC, and USDT stablecoin reserves into yield-generating pools.
Avalanche Raises $250M from Galaxy Digital and Other Funds
Avalanche successfully raised $250M in a private token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital, with backing from 40 other crypto funds.
Andreessen Horowitz Exec Considered for CFTC Chair Role
Brian Quintenz, Head of Policy at a16z Crypto—the digital assets division of venture capital giant Andreessen Horowitz—has emerged as a leading candidate for the role of Chair at the U.S. Commodity Futures Trading Commission (CFTC).
Time Magazine Names Donald Trump Person of the Year
Donald Trump is Time’s Person of the Year for 2024, marking the second time he has received the title, the first being in 2016 after his U.S. presidential election victory.
Ready to Fight (RTF) Surges 700% Ahead of Usyk vs Fury Rematch
The cryptocurrency token Ready to Fight (RTF), co-founded and endorsed by Ukrainian heavyweight world champion Oleksandr Usyk, has surged by 700% leading up to his highly anticipated rematch with Tyson Fury on December 21.
Pudgy Penguins Sets Record High With $100,000 Floor Price
The Pudgy Penguins NFT collection surged past $100,000 ahead of the expected token airdrop. According to the NFT marketplace OpenSea, its floor price reached over $106,000 (27.4 ETH).
Vancouver Embraces Bitcoin in Public Finance Strategy
Vancouver, Canada, has officially embarked on a journey to become a “Bitcoin-friendly city,” taking a progressive step toward cryptocurrency integration in public finance.
“Crypto Man”: The Do Kwon Scandal Heads to the Silver Screen
South Korean filmmakers are bringing the controversial rise and fall of Do Kwon and his Terra/LUNA empire to cinemas in a gripping new film.
US Inflation Data Pushes Bitcoin into the Spotlight
December 11 brought news from the US Bureau of Labor Statistics: November’s CPI rose to 2.7%, a 0.1% increase over October’s figure. The data met expectations, and Bitcoin reflected the sentiment with its response.
Digital Rupee to Shape India’s Future Economy
Shaktikanta Das, concluding his term as RBI Governor, unveiled plans for integrating the digital rupee into India’s financial system. He highlighted the gradual adoption of CBDCs as a cornerstone of economic modernization.
Trader Strikes It Big: $2,500 Becomes $200K in Hours
One Rollbit platform user took a chance with a 500x leveraged long position on XRP. Their $2,500 turned into $200,000 thanks to a 26% price spike. Talk about high-risk, high-reward!
Notcoin Introduces Earn Program to Reward Users
Notcoin, a Tap-to-Earn Telegram game based on the TON blockchain, has launched the Earn Program to enable users to earn passive income by holding tokens in their Telegram wallets.
Solana Faces MEV Threats: Marinade to the Rescue
With MEV attacks emerging as a serious decentralization risk, Marinade introduces its innovative fix for Solana’s growing concerns.
Hyperbolic Raises $12 Million in Series A Funding
Hyperbolic, a startup focused on building decentralized AI infrastructure, has announced the successful closure of a $12 million Series A round led by Variant Fund and Polychain Capital. This brings the company’s total funding to $20 million.
From Skeptic to Advocate? Ray Dalio Calls Bitcoin Hard Money
From skepticism to admiration, Ray Dalio hailed Bitcoin as resilient money at Financial Week in Abu Dhabi. A telling shift from his earlier views.
Coincheck Goes Public on Nasdaq
Japan’s second-largest cryptocurrency exchange, Coincheck, has made history by listing on Nasdaq. After months of preparation and coordination with the U.S. Securities and Exchange Commission (SEC), Coincheck shares are now trading on one of the world’s most prestigious stock exchanges.
Ripple’s RLUSD Stablecoin Officially Approved by NYDFS
Ripple’s RLUSD stablecoin has successfully passed all regulatory reviews and received final approval from the New York Department of Financial Services. Following the announcement, the team is already preparing for future exchange listings.
Goldman Sachs Considers Entering the Crypto Market
Goldman Sachs CEO David Solomon has stated that the company might explore BTC and ETH spot trading if regulatory conditions in the U.S. improve.
First Abu Dhabi Bank Taps Blockchain Lending with Libre Capital
First Abu Dhabi Bank has joined forces with Libre Capital under an MoU to pilot blockchain-driven secured lending solutions.
Crypto Lobby Protests Caroline Crenshaw’s SEC Role Renewal
Caroline Crenshaw’s candidacy for another term at the SEC faces stiff resistance from crypto advocacy groups.
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Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
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Zora Network Reviewed: A Testnet Guide
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.