Chainalysis Expands Into Web3 Security With Hexagate Acquisition
On December 19, blockchain analytics giant Chainalysis announced its strategic acquisition of Hexagate, a cutting-edge Web3 security company based in Israel. Established in 2022, Hexagate has been at the forefront…
Decentralized Supercomputer Test Attracts 1.5 Million Nodes Globally
Nexus, a computation firm, recently conducted a testnet for its in-development decentralized supercomputer, attracting an impressive 1.5 million nodes from 187 countries over a five-day period. The firm’s endeavor to…
Lawsuit Targets Hawk Tuah Memecoin Founders and Partners
Investors have initiated a lawsuit against the founders and collaborators involved in the launch of the Hawk Tuah (HAWK) memecoin, filed on December 19. The plaintiffs claim that the promotional…
North Korean Hackers Stole $1.3 Billion in Crypto in 2024
Hackers affiliated with the Democratic People’s Republic of Korea (DPRK) doubled their illicit gains from cryptocurrency theft in 2024 compared to the previous year, according to a December 19 report…
Significant Growth in Coinbase Advanced’s Trading Activity Throughout 2024
Coinbase Advanced, the professional trading platform from the renowned cryptocurrency exchange Coinbase, has experienced a substantial uptick in both user base and trading volumes over the course of 2024. This…
Bitfinex Hacker Issues Statement Following Sentencing
Ilya Lichtenstein, the notorious hacker behind the 2016 Bitfinex cryptocurrency exchange heist, has publicly addressed his actions following his five-year prison sentence. In a recent social media post from December…
Nigerian SEC Introduces Stricter Regulations for Crypto Marketing
The Nigerian Securities and Exchange Commission (SEC) has revised its regulations concerning cryptocurrency, imposing new requirements on virtual asset service providers (VASPs) and social media influencers involved in crypto-related promotions.…
Support for Higher Ethereum Gas Limits Grows Among Validators
As of December 19, the movement to increase Ethereum’s gas limit gained notable momentum, with 10% of network validators signaling support for a cap higher than the current 30 million.…
El Salvador Acquires 11 Bitcoins Shortly After Finalizing IMF Agreement
El Salvador has made a notable addition to its national cryptocurrency reserve, purchasing 11 bitcoins for over $1 million, just a day following the conclusion of a significant $1.4 billion…
Binance.US Targets Early 2025 for Resumption of USD Services
Binance.US, the American subsidiary of the global cryptocurrency exchange Binance, is gearing up to reinstate US dollar services by early 2025, as stated by interim CEO Norman Reed. This announcement…
Judge Declines to Halt Coinbase’s wBTC Delisting Amid Justin Sun Controversy
In a recent virtual hearing at the United States District Court for the Northern District of California, Judge Araceli Martínez-Olguín ruled against issuing a temporary restraining order that would prevent…
Crypto Advocacy Group Urges SEC to Reassess Investigations and Lawsuits with New Administration
A prominent crypto advocacy organization, the Digital Chamber’s Token Alliance, has called on the United States Securities and Exchange Commission (SEC) to undertake a comprehensive review of all crypto-related investigations,…
BlackRock Reignites Debate on Bitcoin’s 21 Million Cap with Uncertainty Disclaimer
The long-standing certainty around Bitcoin’s 21 million supply cap has been called into question following a recent explainer video by BlackRock. In the video, while reaffirming Bitcoin’s status as a…
South Korean Lawmaker Faces Six Months in Prison for Concealing Crypto Assets
Kim Nam-kuk, a member of South Korea’s National Assembly, is under scrutiny and could face a six-month prison sentence for allegedly failing to report his complete cryptocurrency holdings to the…
Deutsche Bank Develops Layer-2 Blockchain on Ethereum
Deutsche Bank, Germany’s most prominent financial institution, is reportedly advancing its blockchain initiatives by developing a layer-2 (L2) blockchain solution on Ethereum, employing ZKsync technology. This development is designed to…
Alaska Governor Requests Trump Administration to Lift Restrictions on Resource Development
Alaska Governor Mike Dunleavy is setting his expectations high with the incoming Trump administration, urging for significant policy shifts that would enhance oil and gas exploration, particularly in the Arctic…
Compliance-Driven Stablecoins Lead European Cryptocurrency Market
As Europe’s regulatory environment evolves, compliant stablecoins have begun to dominate the cryptocurrency market, marking a significant shift in digital asset usage across the region. A joint report by research…
ASIC Takes Legal Action Against Binance Australia for Consumer Protection Breaches
The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings against Binance Australia Derivatives, the cryptocurrency derivatives trading platform, citing significant failures in consumer protection. This move highlights ASIC’s…
Coinbase Faces Backlash for Associating wBTC Delisting with Justin Sun’s Risks
Coinbase has come under fire from the cryptocurrency community following its decision to delist Wrapped Bitcoin (wBTC), which the exchange attributed to the “unacceptable risk” linked to Justin Sun, the…
Crypto.com CEO Meets Trump as Exchange Ends SEC Lawsuit
In a significant development for the cryptocurrency industry, President-elect Donald Trump recently held discussions with Crypto.com CEO Kris Marszalek at his Mar-a-Lago residence in Florida. The discussions, as reported on…