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Hong Kong Proposes Bitcoin for National Reserves, Aims to Lead Digital Economy
Hong Kong’s Bitcoin Reserve Proposal: A Bold Step into the Digital Economy Hong Kong legislator Wu Jiexhuang has proposed a groundbreaking move to include Bitcoin in the city’s national reserves, aiming to boost financial security and solidify its position as a leader in the global digital economy. Wu Jiexhuang proposes Bitcoin inclusion in Hong Kong’s […]
Read MoreRajya Sabha MP Vows to Tackle High Crypto Taxes in India
Rajya Sabha MP Raghav Chadha Vows to Address High Crypto Tax in Parliament Rajya Sabha MP Raghav Chadha has pledged to tackle the high cryptocurrency taxes in the upcoming parliamentary session, offering hope to India’s struggling crypto community. 30% flat tax and 1% TDS on crypto transactions Decline in trading volumes and shift to offshore […]
Read MoreGenius Group Boosts Bitcoin Holdings to $30M, Targets 1,000 BTC
Genius Group Amplifies Bitcoin Holdings to $30 Million: A Strategic Leap Forward Genius Group, an AI-powered company listed on the New York Stock Exchange, has made a significant move by increasing its Bitcoin holdings to 319.4 BTC, now valued at $30 million. This bold step forward aligns with their “Bitcoin-first” strategy, aiming to invest at […]
Read MoreBinance Executive’s 8-Month Nigeria Detention Fuels Crypto Regulation Debate
Binance Executive’s Eight-Month Ordeal in Nigeria Sparks Crypto Regulation Debate Tigran Gambaryan, a prominent Binance executive and former IRS agent, faces an eight-month detention in Nigeria on charges of tax evasion and money laundering, highlighting the ongoing tension between global crypto operations and national regulatory frameworks. Tigran Gambaryan detained in Nigeria for eight months Accusations […]
Read MoreTether Bolsters Bitcoin Reserves by $700M Amid EU Regulatory Storm
Tether Boosts Bitcoin Reserves with $700 Million Transfer Amid Regulatory Challenges In a bold move amidst regulatory storms, Tether has transferred a staggering $700 million in Bitcoin to its reserves. This strategic maneuver highlights Tether’s commitment to steering the Bitcoin wave with a $700 million paddle. Tether transferred 7,629 BTC to its reserve Largest transaction […]
Read MoreHanoi Police Thwart $1.17M Crypto Scam, Protecting 300 from Fraud
Hanoi Police Bust $1.17M Cryptocurrency Scam, Safeguarding 300 Victims In a decisive strike against cryptocurrency fraud, the Hanoi City Police Department dismantled a $1.17 million scam orchestrated by a company known as Million Smiles. This operation not only prevented the further victimization of 300 potential investors but also shed light on the pervasive issue of […]
Read MoreSonic Labs and Immunefi Unveil $2M Bug Bounty to Secure Blockchain
Sonic Labs and Immunefi Launch $2M Bug Bounty Program to Fortify Blockchain Security Sonic Labs, the team behind the Sonic blockchain, has partnered with Immunefi to launch a $2 million bug bounty program aimed at bolstering the security of their network following the mainnet launch. Sonic Labs and Immunefi launch $2M bug bounty program Program […]
Read MoreHyperLiquid Launches HYPE Staking: $8.4B Staked, $9B Market Cap, $4B Volume
HyperLiquid’s HYPE Token Staking: A Leap Forward in DeFi HyperLiquid, a pioneering layer-1 perpetual futures decentralized exchange (DEX), has rolled out native staking for its HYPE token, marking a significant milestone for the platform and the broader DeFi ecosystem. This initiative allows HYPE token holders to secure the network and earn rewards, with over 300 […]
Read MoreCrypto.com and Dubai Islamic Bank Unveil Sharia-Compliant Crypto in UAE
Crypto.com and Dubai Islamic Bank Launch Sharia-Compliant Crypto Products in UAE Crypto.com has partnered with Dubai Islamic Bank to introduce Sharia-compliant financial products, aiming to merge the worlds of cryptocurrency and Islamic finance in the UAE. Crypto.com and Dubai Islamic Bank launch Sharia-compliant products Tokenized Islamic sukuks and real-world asset tokenization planned Expansion efforts in […]
Read MoreJanover Now Accepts BTC, ETH, SOL: Real Estate Goes Crypto
Janover Embraces Crypto: Bitcoin, Ethereum, and Solana Now Accepted for Real Estate Services Janover, a Nasdaq-listed real estate platform harnessing artificial intelligence, announced on December 30, 2024, that it will now accept Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) for select services. This move highlights the ongoing integration of cryptocurrencies into mainstream business operations and […]
Read MoreMoonPay Secures MiCA License from Dutch AFM, Eyes EU Expansion
MoonPay Blasts Off into the EU Market with Groundbreaking MiCA Approval MoonPay, a leading crypto payments platform, has secured a MiCA license from the Dutch Authority for the Financial Markets (AFM), marking a significant milestone in its expansion across Europe. The EU’s new crypto regulation, known as the Markets in Crypto-Assets (MiCA), aims to provide […]
Read MoreRussia’s Digital Ruble Faces Bank Backlash as T-Bank Explores Tokenization
Russia’s Digital Ruble Faces Banking Opposition While T-Bank Explores Tokenization “Banks might no longer be needed in Russia once the digital ruble launches,” warns Anatoly Aksakov, head of the State Duma Committee on Financial Markets. As the Bank of Russia (BoR) gears up to launch its Central Bank Digital Currency (CBDC), known as the digital […]
Read MoreFoundry Refunds 8.18 BTC Overpayment Amid 60% Layoffs
Bitcoin Miner Foundry Returns Excess 8.18 BTC Fee After Transaction Error Bitcoin mining giant Foundry USA Pool recently refunded an accidental overpayment of a transaction fee amounting to 8.18 BTC, valued at approximately $777,000. This incident, alongside significant layoffs at Foundry, highlights the complexities and economic pressures within the crypto mining industry. 8.18 BTC fee […]
Read MoreFormer German Finance Minister Urges ECB and Bundesbank to Embrace Bitcoin Reserves
Former German Finance Minister Advocates for Bitcoin in Central Bank Reserves Wolfgang Schäuble, once at the helm of Germany’s financial policy, has thrown a bold proposal into the mix: integrating Bitcoin into the reserves of the European Central Bank (ECB) and the German Central Bank. Schäuble’s argument? Bitcoin could enhance financial stability and spur innovation, […]
Read MoreMalaysia Orders Bybit to Halt Operations: Crackdown on Unregistered Crypto Exchanges
Malaysia’s Bold Move: Securities Commission Orders Bybit to Cease Operations In a decisive action to protect investors and regulate the burgeoning cryptocurrency sector, Malaysia’s Securities Commission (SC) has ordered Bybit, a global cryptocurrency exchange, to shut down its operations within the country. The move comes as part of Malaysia’s ongoing efforts to clamp down on […]
Read MoreSanta Rally Fails: Stocks and Bitcoin Drop, Nasdaq Soars 31.4% in 2024
Santa Rally Fizzles Out as U.S. Stocks and Bitcoin Take a Hit Imagine waking up on Christmas morning to find your stock portfolio has shrunk instead of grown. That’s what many investors experienced this holiday season as the Santa Claus Rally failed to deliver, leaving stocks with back-to-back losses. Meanwhile, Bitcoin, the crypto giant that’s […]
Read MoreDeFi Hacks Surge in 2024: $1.27 Billion Stolen Amid Security Crisis
DeFi Hacks of 2024: A Year of Significant Losses and Lessons In 2024, the decentralized finance (DeFi) sector was rocked by a series of high-profile security breaches, resulting in a staggering $1.27 billion in stolen funds. This year’s hacks, from private key compromises to smart contract exploits, have laid bare the vulnerabilities within the crypto […]
Read MoreOak Grove Ventures Backs DuckChain with $5M to Integrate Blockchain into Telegram
Oak Grove Ventures Invests $5M in DuckChain to Revolutionize Telegram’s Blockchain Integration Oak Grove Ventures has made a significant $5 million investment in DuckChain, a blockchain platform aimed at transforming Telegram’s ecosystem into a hub for decentralized applications (dApps). $5M investment from Oak Grove Ventures DuckChain leverages TON-based EVM solutions Aims to enable dApps within […]
Read MoreCambodia Crypto Scam Kingpin Arrested in India: Unveiling a Global Cybercrime Network
Cambodia Crypto Fraud Mastermind Traced to Uttar Pradesh: A Global Web of Cybercrime In a significant breakthrough, Indian authorities arrested Devendra Pratap Mourya, a central figure in a vast cybercrime network operating from Cambodia. This operation has shed light on the sinister side of cryptocurrencies, which, while providing privacy and freedom, are also exploited by […]
Read MoreCrypto Hacks Surge in 2024: $2.2 Billion Stolen, North Korea’s Lazarus Group Dominates
Crypto Lost $2.2 Billion to Hackers in 2024: Analyzing the Top 5 Hacks and Their Impact Bitcoin’s ascent to over $100,000 in 2024 was overshadowed by a surge in hacking incidents, with cybercriminals making off with more than $2.2 billion in 303 attacks. This year saw a concerning rise in cyber theft, particularly from North […]
Read MoreHash Global Backs DataDance’s Decentralized Data Revolution with Major Investment
Hash Global Fuels DataDance’s Vision with Multi-Million Dollar Investment Hash Global’s hefty investment in DataDance marks a bold leap forward in revolutionizing consumer data management through blockchain technology. This move not only fuels DataDance’s disruptive vision but also signals a significant shift towards decentralization in the data asset landscape. Hash Global leads a multi-million-dollar investment […]
Read More2024: India’s Crypto Leap Forward with ITAT, Orissa HC Rulings and Kotak’s Nod
2024 Sees Favorable Rulings for Digital Assets in India In 2024, India has taken significant strides forward in recognizing and legitimizing digital assets, balancing optimism with the realities of stringent taxation. The year has brought not only judicial clarity but also high-profile endorsements, signaling a shift in perception that could reshape the future of cryptocurrency […]
Read MoreRhodium Co-CEO Resigns Amid Bankruptcy, Sells Bitcoin Mine for $40.6M
Rhodium’s Co-CEO Resigns Amid Bankruptcy and Bitcoin Mining Asset Sale Rhodium Enterprises, a prominent player in the Bitcoin mining sector, faces a tumultuous period as it navigates bankruptcy and the sale of key assets. Amidst these challenges, Co-CEO Nathan Nichols has resigned, adding further uncertainty to the company’s future. Nathan Nichols resigns amid fraud allegations […]
Read MoreSiberian Power Company Fined $3,120 for Illegal Crypto Mining on Own Property
Crypto Miner-hunting Siberian Power Provider Finds Illegal Farm on Its Own Property A Siberian power provider in Irkutsk discovered an illegal crypto mining operation on its own property, shedding light on the ongoing battle against unauthorized mining in Russia. Illegal mining farm discovered on power company’s property in Irkutsk Power company fined and faces legal […]
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