Sun, December 22

Ohio Lawmaker Derek Merrin Files For State Bitcoin Reserve

The cryptocurrency community has begun its holiday preparations with several events lined up for Christmas and the New Year. Amidst several giveaways, you might want to check out TheNewsCrypto’s Twitter for fun and exciting holiday events. Meanwhile, other members have begun discussions on how the crypto landscape would look like

December 18, 2024 2 mins read

Metaplanet to Issue 4.5B Yen Bonds to Expand Bitcoin Holdings

Tokyo-listed Metaplanet Inc., often referred to as Japan’s MicroStrategy, has announced the issuance of its fourth series of ordinary bonds worth 4.5 billion yen (approximately $30 million). The proceeds from the bonds will be directed toward purchasing Bitcoin (BTC), continuing the company’s strategic reserve asset expansion. The bonds carry a

December 17, 2024 2 mins read

CyberKongz Fights Back Against SEC Wells Notice Over Contract Migration

CyberKongz, a prominent NFT project, has announced that it has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), signaling potential enforcement action. The project expressed disappointment in the SEC’s stance, arguing that the regulator’s misunderstanding of blockchain technology has led to unfair accusations.  CyberKongz has received

December 17, 2024 2 mins read

Matrixport Report Says Ethereum Could Restore its Dominance in 2025

After estimating the value of Bitcoin to reach $160,000 in 2025, Matrixport released another report today. Based on its findings, Ethereum could regain its dominance in 2025. While other altcoins such as Solana, Hyperliquid, XRP stole the spotlight this bull run, Ethereum was just afloat and sustained its price rally. 

December 16, 2024 2 mins read

Binance Hit with Legal Action Over Peanut the Squirrel’s Intellectual Property

Mark Longo, known as the “Squirrel Dad” and the owner of Peanut the Squirrel, has initiated legal proceedings against Binance, a leading cryptocurrency exchange. He asserts that Binance infringed on his copyright by using Peanut’s images and narratives without consent.  Longo stated on X,  “This is the first of multiple

December 16, 2024 2 mins read

What Is Behind Bitcoin’s New ATH and How High Can It Go?

Bitcoin (BTC) surged past the $106,500 mark during the early Asian hours, marking another significant milestone in its ongoing rally. The surge was fueled by a series of short liquidations, with approximately USD 151 million in positions being wiped out over the past 12 hours. The liquidations came amid a

December 16, 2024 2 mins read

Binance Says Memecoins Are More Than Just a Fad

In a recent blog post, Binance, the world’s largest cryptocurrency exchange, explored the evolving landscape of memecoins, delving into their growing cultural and financial significance within the crypto ecosystem. The exchange’s commentary reflects a deeper understanding of how these tokens, often dismissed as frivolous, are influencing Web3 adoption and reshaping

December 16, 2024 2 mins read

What to Expect From Fed December Decision?

The U.S. Federal Reserve is set to deliver its final monetary policy decision of the year on December 18. A 0.25% interest rate cut is widely expected, marking the third rate reduction since September. However, beyond this anticipated move, uncertainty looms over the Fed’s forward guidance and the pace of

December 16, 2024 3 mins read

FASB’s Fair Value Accounting Standards for Bitcoin Take Effect Today

The Financial Accounting Standards Board (FASB) has officially implemented the new fair value accounting rules for Bitcoin (BTC). It is set to take effect starting in fiscal years beginning after December 15, 2024. This rule allows companies to determine their Bitcoin holdings at market value rather than just the purchase

December 16, 2024 2 mins read

Ripple CTO Discusses Supply Shortage for RLUSD Ahead of Launch

As opposed to a weekend slumber, this mid-December the crypto market rallied significantly. It began with Bitcoin hitting a new ATH that in turn instigated several activities across the sector. Meanwhile, the regulatory sector has also spurred actions with a recent WazirX update. The Ripple stablecoin is also awaiting market

December 16, 2024 2 mins read