NFTs Record $158M Weekly Sales Volume, Led by Ethereum and Bitcoin
Non-fungible tokens (NFTs) showed resilience in their weekly sales volume, recording approximately $158 million in sales for the week ending Nov. 24. Despite a slight decrease compared to the previous…
Australia Begins Consultation on OECD Crypto Reporting Framework
Australia’s Treasury Department has launched a consultation paper on implementing the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF). The initiative is aimed at improving tax transparency…
Matt Gaetz Now Offering Pep Talks and Holiday Wishes on Cameo
After announcing he would not return to Congress, former Florida Representative Matt Gaetz has turned to a new career opportunity: personalized video messages on Cameo. Gaetz joined the platform on…
Mastercard, JPMorgan Integrate Blockchain Payment Solutions for Cross-Border Transactions
Mastercard and JPMorgan have partnered to create a new cross-border business-to-business payment solution, integrating Mastercard’s Multi-Token Network (MTN) with JPMorgan’s Kinexys Digital Payments. This collaboration enables mutual customers to settle…
SEC Chair Gary Gensler to Step Down in January 2025
Gary Gensler, Chair of the United States Securities and Exchange Commission (SEC), will step down on January 20, 2025, the same day President-elect Donald Trump begins his second presidential term.…
BitGo Launches MAS-Regulated Crypto Subsidiary in Singapore
California-based cryptocurrency exchange BitGo has launched a subsidiary in Singapore, following the receipt of a major payment institution license from the Monetary Authority of Singapore (MAS) three months earlier. On…
South Korea Confirms North Korea Behind $50 Million Upbit Cryptocurrency Hack
South Korean authorities have officially confirmed that North Korean hacker groups were responsible for the $50 million cryptocurrency theft from Upbit, a South Korean-based cryptocurrency exchange, in 2019. On November…
Trump’s Presidency Expected to Boost DeFi and Gaming, Says Sky Mavis Co-Founder
Blockchain gaming and decentralized finance (DeFi) are poised for significant growth under Donald Trump’s presidency, according to Jeffrey Zirlin, co-founder of crypto gaming platform Sky Mavis. Speaking at the YGG…
Japan Set to Implement Stimulus Package with Emphasis on Tax Reform, Including Cryptocurrency
Japan is poised to implement a new economic stimulus package by the end of 2024, as promised by Prime Minister Shigeru Ishiba, who has committed to engaging in bipartisan discussions…
Logan Paul Accused of Undisclosed Profits from Cryptocurrency Promotions
Social media influencer Logan Paul is currently embroiled in controversy following a BBC investigation that accuses him of profiting from cryptocurrency promotions without proper disclosures. The investigation reveals a complex…
Russia Sets to Impose Crypto Mining Limits in 13 Regions to Conserve Energy
The Russian government is actively deliberating the imposition of crypto mining restrictions across 13 regions to mitigate energy shortages, particularly during peak demand periods. This decision follows the enactment of…
South Korea’s Democratic Party Advocates for 20% Crypto Tax Starting in 2025
The Democratic Party of Korea (KDP) is making strides toward implementing a tax on cryptocurrency gains by the start of 2025, proposing a significant increase in the threshold for taxable…
Trump Appoints Pam Bondi as U.S. Attorney General Following Gaetz’s Withdrawal
On Thursday, President-elect Donald Trump made a quick decision to nominate Pam Bondi, the former Florida Attorney General, to the position of U.S. Attorney General. This move came after Matt…
Coinbase Announces Plans to Suspend Trading of Wrapped Bitcoin
Coinbase has declared its intention to suspend trading of Wrapped Bitcoin (WBTC) come December, highlighting undisclosed issues that failed to meet the exchange’s rigorous token listing standards. The cryptocurrency exchange…
Indicators Suggesting a Potential Peak in Bitcoin Prices
CryptoQuant, an onchain data service, has identified several key metrics that can indicate when Bitcoin may be nearing a price peak. According to a recent update posted on November 19,…
Paxos Expands into the EU with Membrane Finance Acquisition for Stablecoin Growth
Paxos, a leading blockchain infrastructure platform, has strategically positioned itself for an expansion into the European market by acquiring Membrane Finance, a Finnish Electronic Money Institution. This acquisition is set…
PayPal Enhances Cross-Border Payments with Xoom Using PYUSD Stablecoin
PayPal has announced a significant step in its global payments strategy by tapping Xoom to facilitate cross-border payments using its stablecoin, PayPal USD (PYUSD), as of November 19. This initiative…
Hong Kong Cyberport’s Web3 Ecosystem Expands to 270 Blockchain Companies
Hong Kong‘s Cyberport, a state-supported business hub, has rapidly expanded its roster of blockchain-related enterprises to over 270, following the addition of more than 120 firms in just 16 months.…
Stalemate in House Ethics Committee Over Release of Matt Gaetz Report
On Wednesday, the House Ethics Committee convened in a closed session without reaching a consensus on whether to publicly disclose a detailed report of their extensive investigation into former Rep.…
Launch of DeFi Vaults for BlackRock’s BUIDL by Securitize and Elixir
On November 19, Securitize and Elixir introduced a significant innovation in the realm of tokenized securities with the launch of a liquid staking token (LST) for BlackRock’s onchain money fund,…