Search
Bitfinex Derivatives Moves to El Salvador After Receiving License
10.1.2025
Bitfinex, a cryptocurrency exchange, has recently moved its derivatives services division to El Salvador, transitioning customers to a new jurisdiction after receiving a Digital Asset Service Provider (DASP) license. Bitfinex Derivatives El Salvador S.A. de C.V., a Salvadoran local entity, will...
CFTC Chair Rostin Behnam Resigns Amid Anti-Crypto Exodus
7.1.2025
Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (CFTC) announced his resignation on Tuesday, just a day after Michael Barr, Federal Reserve Board governor and vice chair for supervision, stepped down from his supervisory role. SEC Chairman Gary Gensler, who announced...
Saylor’s Bitcoin Empire Grows: $101M Purchase Adds 1,070 BTC to Vault
6.1.2025
On Mon., Jan. 6, 2025, business intelligence firm Microstrategy unveiled its latest acquisition: 1,070 BTC for approximately $101 million. This purchase elevates the company’s holdings to a monumental 447,470 BTC. Michael Saylor, Microstrategy’s founder, had hinted at the move...
Solana Achieved Its Best Year Ever, and the Numbers Back It Up
6.1.2025
Solana was one of the networks that experienced explosive growth in 2024, both in technical and economic aspects. In December, Solana registered $304 million in inflows from other blockchains, only bested by Base and Hyperliquid. On the technical front, Solana passed its first block increase...
Lackluster Shine: Gold ETF Selloff Ensues as Investors Shift to More Profitable Alternatives
3.1.2025
In 2024, gold-based exchange-traded funds (ETFs) experienced outflows for the fourth consecutive year as investors preferred to shift to more lucrative alternatives. According to Bloomberg, the rise in gold prices and the Fed’s easing measures were insufficient for traders to maintain their...
China Enforces Stricter Crypto Monitoring to Curb Illegal Transactions
2.1.2025
China’s foreign exchange regulator has imposed stricter controls on cryptocurrency-related activities, requiring banks to monitor and report high-risk trades. The State Administration of Foreign Exchange (SAFE) mandates that banks track foreign exchange behaviors linked to underground banking...
Do Kwon Extradited to US to Face Crypto Fraud Charges
31.12.2024
Do Kwon, the South Korean founder of Terraform Labs, has been extradited to the United States. Authorities in the country accused Do Kwon of orchestrating a multi-billion dollar crypto fraud following the collapse of his company’s Terrausd and Luna cryptocurrencies in 2022. The collapse...
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...