Daily Crypto News & Musings

Latest Crypto Industry News and Insights

IRS Rule Sparks DeFi Lawsuit; SEC Chair Change Could Drop Non-Fraud Cases

Will Non-Fraud Cases Be Dropped Under New SEC Chair? Insights from Amanda Tuminelli Amanda Tuminelli, Chief Legal Officer at the Defi Education Fund, recently shared her insights on the Thinking Crypto podcast, discussing the IRS’s new tax reporting rule and its potential impact on the DeFi industry. The rule, finalized on December 27th, has sparked […]

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Cango Inc. Boosts Bitcoin Mining, Produces 569.9 BTC in December 2024

Cango Inc. Ramps Up Bitcoin Mining with 569.9 BTC Mined in December 2024 Cango Inc., a prominent name in China’s automotive sector, has made a significant leap in its Bitcoin mining operations, producing 569.9 Bitcoins in December 2024. This move demonstrates the company’s strategic shift into the crypto world, aiming to diversify revenue streams and […]

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Binance Halts TROY BSC Deposits Due to Security Flaw, Price Plummets 40%

6 January 2025 Daily Feed , , ,

Binance Suspends TROY (BSC) Deposits Over Security Concerns: What You Need to Know Binance halts TROY (BSC) deposits due to security issues. TROY’s value drops 40%. Ethereum transactions remain unaffected. TROY denies acquisition rumors, plans to acquire AI project. Binance collaborates with TROY to resolve the issue. Binance, a powerhouse in the cryptocurrency exchange arena, […]

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Coinbase Boosts Europe Presence: Acquires BUX Cyprus for Institutional Push

Coinbase Expands in Europe with BUX Cyprus Unit Acquisition Coinbase has taken a significant step to expand its footprint in Europe by acquiring the Cyprus unit of BUX, a move aimed at tapping into the professional and institutional market. This strategic acquisition not only signifies Coinbase’s commitment to growth but also its adaptability to the […]

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FTX Begins $16 Billion Payout: Key Details and Market Impact Revealed

5 January 2025 Daily Feed , , ,

FTX Payout Plan Officially Takes Effect Today, A Key Milestone for Creditors Today marks a pivotal moment for those affected by the FTX crypto exchange’s collapse, as the long-awaited repayment plan officially begins. This plan promises to redistribute approximately $16 billion back to creditors, offering a glimmer of hope while highlighting the challenges in managing […]

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South Korea Arrests Two for Crypto Manipulation: Can New Laws Curb Market Abuse?

Can South Korea’s New Crypto Laws Stop Market Manipulators in Their Tracks? In a landmark move, authorities have arrested two South Korean men, Lee and Kang, for allegedly manipulating the price of the Fusionist token, ACE, on the Bithumb exchange. This case marks the first to be fast-tracked under the country’s new Virtual Asset User […]

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Genesis Block: The Foundation of Bitcoin and Ethereum Unveiled

Unveiling the Genesis Block: The Bedrock of Blockchain Networks On January 3, 2009, Satoshi Nakamoto sparked a financial revolution by mining the first block in the Bitcoin blockchain. This block, known as the genesis block, is the cornerstone of every blockchain network, setting the stage for decentralized finance and challenging traditional systems. Genesis block fundamentals […]

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New Crypto Scam Exploits YouTube Comments and Multi-Sig Wallets to Steal TRX

New Crypto Wallet Scam Targets YouTube Comments: Multi-Signature Trick Steals Funds Cybersecurity firm Kaspersky has uncovered a sophisticated new scam that exploits YouTube comments to deceive users into depositing funds into multi-signature wallets. The scam promises access to free USDT but instead steals any TRX deposited for transaction fees. This latest scheme underscores the ongoing […]

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China’s 2025 Crypto Crackdown: Global Markets and Independent Regulations

China’s Latest Crypto Crackdown: Navigating the Global Impact As 2025 begins, China has escalated its restrictions on the cryptocurrency sector, mandating banks to flag and restrict cross-border crypto transactions. This latest move, categorizing these transactions as high-risk alongside gambling and underground banking, continues China’s long-standing effort to suppress its local crypto market, sending ripples across […]

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Virtuals Protocol Averts Crisis with Jinu’s Help, Bug Bounty Reward Pending

Virtuals Protocol Dodges Disaster Thanks to Security Sleuth Jinu – **Virtuals Protocol fixes critical smart contract vulnerability** – **Jinu’s public disclosure on X forces swift action** – **Bug bounty program relaunched, but reward still pending** On December 3, 2024, Virtuals Protocol, a blockchain firm focused on AI agents, narrowly escaped a major crisis thanks to […]

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Robert Kiyosaki Credits Bitcoin for Wealth: Contrasts Buffett and Munger

Robert Kiyosaki’s Bitcoin Revelation: From Skepticism to Wealth Robert Kiyosaki, renowned author of “Rich Dad Poor Dad,” recently shared on social media that Bitcoin has been a key driver of his financial success, underlining the significance of understanding assets in building wealth. Kiyosaki credits Bitcoin for his wealth. Contrasts with traditional critics like Munger and […]

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India Teams Up with Google, Facebook to Combat Crypto Pig Butchering Scams

India’s Bold Move Against Crypto Scams: Partnering with Google and Facebook India is stepping up its efforts to combat the rising wave of pig butchering scams that exploit cryptocurrencies, targeting vulnerable populations such as unemployed youths, housewives, students, and those in financial need. The government is collaborating with tech giants Google and Facebook to tackle […]

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Stablecoin Issuers Dominate On-Chain Revenue with Over 40% Share in December 2024

Stablecoin Issuers Command Over 40% of On-Chain Revenue in December 2024 Stablecoin issuers have taken the lead, dominating on-chain revenue with over 40% share in December 2024. Tether, the leader among stablecoins, brought in more than $500 million, showcasing the critical yet controversial role these assets play in the crypto ecosystem. Ethereum continues to lead […]

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California Resident Sues 6 Major Banks for $1M Crypto Scam: KYC and AML Failures Alleged

California Resident Sues Major Banks Over $1 Million Crypto Scam: Alleges KYC and AML Failures A California resident, identified as ‘L.H.’, has filed a lawsuit against six major banks—Bank of America, Capital One, Citibank, JPMorgan Chase, US Bank, and Wells Fargo—over a $1 million “pig butchering” crypto scam. L.H. alleges that the banks’ failure to […]

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Bhutan’s Eco-Friendly Bitcoin Mining: A Sustainable Contrast to El Salvador’s Legal Tender Strategy

Bhutan’s Eco-Friendly Bitcoin Mining Strategy: A Sustainable Approach to Cryptocurrency Bhutan, the serene Himalayan kingdom known for its unique measure of national well-being, the Gross National Happiness index, has quietly emerged as the fifth-largest sovereign holder of Bitcoin. With 13,029 BTC valued at approximately $780 million, Bhutan leverages its abundant hydropower resources to mine Bitcoin […]

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Eric Trump Meets Michael Saylor at Mar-a-Lago: Bitcoin’s Rising Influence in Traditional Circles

Eric Trump and Michael Saylor Discuss Bitcoin at Mar-a-Lago: A Sign of Crypto’s Growing Influence On January 3, 2025, Eric Trump, Executive Vice President of The Trump Organization, met with Michael Saylor, the Bitcoin advocate and Executive Chairman of MicroStrategy, at Mar-a-Lago. Their conversation, centered around their shared passion for Bitcoin, underscores the increasing integration […]

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South Korea to Launch Crypto ETFs and STOs in 2025 Amid Political Crisis

South Korea Eyes Crypto ETFs and Security Tokens Amid Political Turmoil South Korea is set to take a significant step towards integrating cryptocurrencies into its financial system by exploring the approval of cryptocurrency spot ETFs and allowing companies to launch security token offerings (STOs) starting in 2025. South Korea to explore crypto spot ETFs in […]

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Plume and PinLink Join Forces to Tap $30T RWA Market with DePIN Vault

5 January 2025 Daily Feed , , ,

Plume and PinLink Partner to Unlock $30 Trillion Real-World Asset Tokenization Market Plume and PinLink have joined forces to tap into the burgeoning $30 trillion real-world asset (RWA) market by 2030, aiming to revolutionize the way we invest in and utilize high-value computing resources through blockchain technology. Plume and PinLink target $30T RWA market Partnership […]

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BitFuFu’s Stock Soars 13% After Securing 80,000 Miners from Bitmain

BitFuFu’s Shares Surge 13% on Major Bitcoin Mining Deal with Bitmain for 80,000 Miners Singapore-based BitFuFu, a key player in the Bitcoin mining industry, saw its shares rise by 13% following the announcement of a significant deal with Bitmain, a leading crypto mining hardware manufacturer. This partnership involves BitFuFu purchasing up to 80,000 Bitcoin miners, […]

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Bitcoin Transactions in 2024: Fewer Daily, But Larger Sums Dominate

Fewer But Bigger: How Bitcoin Transactions Changed in 2024 In 2024, Bitcoin experienced a significant shift in transaction dynamics, reflecting a maturing market with growing institutional involvement. While the network saw an increase in total addresses, indicating expanding interest, the average daily transactions declined. However, large transactions surged by over 44%, signaling heightened activity among […]

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Ripple Expands in MENA: Aims to Revolutionize Finance with Stablecoins

5 January 2025 Daily Feed , , ,

Ripple Strengthens Presence in Middle East and Africa, Eyes Stablecoin Expansion Ripple, the enterprise blockchain giant, is intensifying its efforts in the Middle East and Africa (MENA) region, leveraging the UAE’s progressive regulatory environment to drive blockchain and stablecoin innovation forward. Ripple’s commitment to MENA region UAE’s progressive regulations Focus on stablecoins, custody, tokenization Long-standing […]

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