Fri, January 3

Crypto Advocacy Group Asks SEC to Rethink Lawsuits from the Day 1

Digital Chamber Urges SEC to Rethink The Digital Chamber, a prominent crypto advocacy group, urges the U.S. Securities. Exchange Commission (SEC) to reconsider its ongoing crypto-related investigations, Wells notices, and lawsuits from the first day of the incoming Trump administration. This call is part of a strategy to repair the

December 19, 2024 3 mins read

Curve DAO Token Tumbles 13% Amid Founder Liquidation Claims

Curve DAO Token (CRV) has faced a turbulent period marked by significant price volatility and controversy surrounding its founder, Michael Egorov. Reports from blockchain analytics firm PeckShield reveal that Egorov’s account was liquidated on December 19, with 918,830 CRV tokens worth approximately $882,660 sold off. This event followed Egorov’s recent

December 19, 2024 1 min read

Binance Global Survey Found 45% of Users Joined Crypto in 2024

As the year comes to an end, leading crypto exchange Binance conducted a global survey and around 27,230 of its users participated in it. The survey mainly focused on the current state of the crypto market in 2024 and expectations for 2025. Having users across the globe, the Binance survey

December 19, 2024 2 mins read

El Salvador to Pull Back Bitcoin Efforts for a $1.4 Billion IMF Loan

El Salvador, the first country to adopt Bitcoin as a legal tender, agrees to limit Bitcoin-related activities in exchange for a $1.4 billion loan from the International Monetary Fund (IMF).  Recently, El Salvador obtained a staff-level agreement with the IMF for a 40-month Extended Fund Facility (EFF) arrangement, to support

December 19, 2024 2 mins read

Fed Rate Cut and Powell’s Statement Trigger Crypto Market Sell-Off

Today, the global crypto market is flooding with bloodbath as Bitcoin (BTC) has seen a major shake-up, dropping to the $98K zone. This downturn comes after Federal Reserve Chair Jerome Powell stated that the Fed is “not allowed to own Bitcoin” and ruled out any plans to change the laws

December 19, 2024 2 mins read

NiceHash Relocates to Switzerland, Boosting Crypto Mining Operations and Compliance

The leading cryptocurrency mining platform, NiceHash, has announced that it is moving its operations from the British Virgin Islands to Zug, Switzerland. The transition, which started in November, should be finished by the middle of December. Along with ensuring compliance with the Markets in Crypto-Assets Regulation (MiCA) of the European Union and

December 18, 2024 3 mins read

Metaplanet Expects First Profit in Seven Years with Bitcoin Strategy

Japanese investment firm Metaplanet expects to achieve its first consolidated operating profit since 2017. The Tokyo-based firm projects ¥890 million ($5.8 million) in revenue for the fiscal year ending December 31, 2024. This marks a 240% increase from the ¥261 million reported last year. Operating profit is anticipated to reach

December 18, 2024 2 mins read

Synthetix Exchange Restarts, Launching Multi-Collateral Perpetuals on Base

Following two acquisitions, Synthetix announced its relaunch today with multi-collateral perpetuals on the Base network. The Synthetix reboot comes with the launch of a new website, relaunch of its exchange platform, and Synthetix Leveraged Tokens, along with perpetuals on Base. While the ongoing crypto bull run contributes to the success

December 18, 2024 2 mins read
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