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Slinky Launches Airdrop to 27.7 Million Wallets on Solana
31.12.2024
Slinky, a blockchain project that uses ZK compression, has launched an airdrop to distribute 10% of its total supply to 27.7 million wallets on Solana. The project utilizes ZK-compressed token accounts, a storage mechanism that allows launching a massive airdrop and keeps costs low. Slinky...
Jordan Approves Blockchain Policy to Enhance Government Services
31.12.2024
Jordan’s Council of Ministers has approved the Jordanian Blockchain Technology Policy for 2025, aiming to enhance government services, transparency, and digital security. Key objectives of the policy include improving confidence in government performance and achieve complete security...
Microstrategy Buys 2,138 BTC: Saylor’s Billion-Dollar Bet Shows No Signs of Slowing
30.12.2024
On Monday, while bitcoin (BTC) prices hovered between $92,850 and $93,150 over the last hour, Microstrategy founder Michael Saylor took to X to share that his firm snagged 2,138 BTC for $209 million at $97,837 each. Since 2020, Microstrategy has steadily accumulated bitcoin, making it the largest...
Cambodia Introduces Crypto Regulation Requiring Licensing for Digital Asset Activities
29.12.2024
The National Bank of Cambodia (NBC) has issued new regulations on crypto-related activities. The directive, dated Dec. 26, mandates that individuals or entities involved in crypto asset transactions, such as fund mobilization, trading, and settlements, must obtain a license from the relevant...
Millions in SOL at Stake: Solana Co-Founder Hit With Fraud Lawsuit by Ex-Wife
28.12.2024
Stephen Akridge, a co-founder of blockchain platform Solana, faces a lawsuit from his ex-wife, Elisa Rossi, alleging he misappropriated millions in solana (SOL) token profits. Rossi claims Akridge exploited his advanced crypto knowledge to secretly collect her staking rewards. The lawsuit, filed...
IRS Doubles Down on Immediate Staking Rewards Tax Stance
28.12.2024
The U.S. Internal Revenue Service (IRS) has reaffirmed its stance on the immediate taxability of staking rewards, doubling down on a position assumed in 2023 as part of internal guidelines. In a recent filing related to an ongoing lawsuit, the service argues that the rewards generated through...
KULR’s Bold Move to Bitcoin Pays Off: Stock Soars to All-Time High
27.12.2024
KULR, a provider of electric energy storage solutions, has reported its first bitcoin purchase as part of a strategic shift toward establishing the leading cryptocurrency as a reserve asset. The company bought $21 million worth of bitcoin, amounting to 217.18 BTC. The purchase comes after...
Uganda and Eight Other Nations Join BRICS as Partners in January
27.12.2024
Russia has confirmed that Uganda will become a BRICS partner on Jan. 1, 2025, along with eight other countries: Belarus, Bolivia, Indonesia, Kazakhstan, Cuba, Malaysia, Thailand, and Uzbekistan. These nations will join the BRICS alliance as partner countries, but won’t have the same rights...
Crypto Remittances Grow In El Salvador Reaching 1% Share
24.12.2024
The Reserve Central Bank has confirmed that the cryptocurrency usage for remittances in El Salvador is still marginal at best. According to recent data released by the institution, crypto remittances registered a growth of 2.5% between January and August, but still account for just 1% of all...
Russia Reveals 20+ Countries Eye BRICS—Is a New Global Order Forming?
24.12.2024
BRICS is drawing interest from more than 20 nations eager to establish stronger ties, Russian Presidential Aide Yury Ushakov revealed. “The doors of the association remain open to like-minded countries. At the moment, over two dozen more countries have shown interest in a systemic dialogue...
I am Proud to Stand With Bitcoin: Senator Ted Cruz
23.12.2024
Senator Ted Cruz, a staunch champion for crypto reaffirmed his support for bitcoin while speaking at the Turning Point Americafest Conference. In his words, “We are going to unleash crypto. I am proud to stand with bitcoin. I am the only member of the U.S. Senate who is a bitcoin miner....
Ethiopia Signals Potential Shift on Cryptocurrency Stance
23.12.2024
The governor of the National Bank of Ethiopia (NBE) has indicated that the bank may issue guidelines for the use of cryptocurrency in the country, suggesting a potential shift in the country’s stance on digital currencies. While cryptocurrency is currently illegal in Ethiopia, the NBE...
Hex Founder Richard Heart Included in Europol’s Most Wanted List
22.12.2024
Richard Shueler, also known as Richard Heart, the founder of Hex, Pulsechain, and Pulsex, has been included in Europol’s most wanted criminals list. Shueler’s profile is listed as wanted in Finland for fraud crimes. According to the institution, Shueler “failed to file business...
Crypto Scam Busted—Victims One Step Closer to Justice
21.12.2024
A South Lake Tahoe man, Daniel Chartraw, 51, faces a 12-count federal indictment for wire fraud linked to a cryptocurrency trading scheme, per U.S. Attorney Phillip A. Talbert. Arrested recently, Chartraw allegedly misled investors through his companies, Crypto-Pal LLC and TDA Global, by falsely...
US Charges 2 Men in $22 Million NFT Rugpull Crypto Fraud Scheme
21.12.2024
Two Southern California men, Gabriel Hay and Gavin Mayo, face charges for allegedly defrauding investors of over $22 million in cryptocurrency through fraudulent NFT and digital asset schemes. The indictment reveals they conducted a series of “rugpulls,” soliciting funds for NFT projects that were...
Binance Global Survey Hot Topics: Regulation, AI Supremacy, and a Young Market
20.12.2024
The most recent global crypto survey organized by Binance has offered insight into the current state of the market. The survey, which polled nearly 28,000 users, shows that 23.89% believe that artificial intelligence (AI) tokens will gain traction and lead the market this upcoming year. Nearly...
Craig Wright’s Satoshi Nakamoto Farce Earns Him a Suspended Jail Sentence for Flouting Court Orders
19.12.2024
Craig Wright, an Aussie native who’s been loudly claiming he’s the mastermind behind Bitcoin, Satoshi Nakamoto, was handed a 12-month jail sentence, suspended for two years, by a U.K. court for contempt. This decision came down after Wright reportedly ignored a court order that barred...
‘Pharma Bro’ Martin Shkreli Doubles Down on Shorting Microstrategy
19.12.2024
Martin Shkreli, also known as “Pharma Bro,” has doubled down on his position of shorting Microstrategy, the public company that owns the most bitcoin. Answering a social media post criticizing his pessimistic stance on Microstrategy and bitcoin, and asking if this was the right call...
MARA Purchases 15,574 Bitcoin in Q4, Raises Net Holdings to 44,394 BTC Worth $4.45 Billion
19.12.2024
MARA Holdings has purchased 15,574 bitcoin worth $1.53 billion at approximately $98,529 per bitcoin using the proceeds from its zero-coupon convertible notes offerings. In November and December, the zero-coupon convertible notes generated $1.925 billion for MARA along with the repurchase...
Facebook Wins Reprieve as Court Restrains Nigerian Regulator’s $38.55 Million Demand
19.12.2024
The Federal High Court in Lagos has granted an interim order restraining the Advertising Regulatory Council of Nigeria (ARCON) from demanding $38.55 million (NGN60 billion) from Facebook Nigeria Operations Limited for an alleged violation. Justice Yellim Bogoro made the order on Dec. 12, 2024...