Singapore and Hong Kong Emerge as Leaders in Blockchain Innovation
Singapore has been declared the global leader in blockchain technology according to a comprehensive study conducted by ApeX Protocol, a multichain liquidity platform. This analysis, which evaluated the world’s foremost…
Hong Kong Advances Stablecoins Bill to Legislative Council
Hong Kong is poised to enhance its regulatory framework for stablecoins as the proposed Stablecoins Bill moves through the legislative process. After being published in the Gazette on December 6,…
Russia Explores Using Bitcoin for International Trade, Finance Minister Reveals
In a recent interview with the state-owned news channel Russia-24 on December 25, Russian Finance Minister Anton Siluanov provided insights into Russia’s active experimentation with digital financial assets (DFAs) for…
Memecoins Dominate Crypto Investor Interest in 2024
This year, memecoins have captivated the cryptocurrency community, securing nearly a third of all investor interest according to a recent study by CoinGecko. As speculative tokens, memecoins have both soared…
Turkey Implements Stricter Crypto Anti-Money Laundering Regulations
Turkey introduced new cryptocurrency regulations during the final week of 2024, taking cues from positive regulatory advancements across major global markets, including Europe. The move reflects a growing trend towards…
Montenegro Court Denies Do Kwon’s Extradition Appeal
Montenegro’s Constitutional Court has recently rejected an appeal by Korean cryptocurrency mogul Do Kwon against his extradition, as reported by Korea JoongAng Daily. This decision unanimously upheld an earlier court…
Canadian Ministers Travel to Palm Beach for Discussions with Trump’s Team
Two of Canada’s top Cabinet ministers are making their way to Palm Beach, Florida, for critical discussions on border security and trade with representatives of the incoming administration of President-elect…
Over 30% of South Koreans Now Hold Cryptocurrency
The landscape of cryptocurrency in South Korea has seen a substantial uptick following the U.S. presidential election victory of Donald Trump. A December 25 report by Yonhap News highlighted that…
Six Bitcoin Funds to Debut in Israel After Regulatory Approval
In a significant development for Israel’s financial sector, six Bitcoin-tracking funds are set to launch next week, following recent approval from the Israel Securities Authority. This introduction marks a pivotal…
Trump Targets Canada, Greenland, and the Panama Canal in Provocative Christmas Day Statements
On Christmas Day, President-elect Donald Trump unleashed a series of contentious social media posts on his platform, Truth Social, targeting Canada, Greenland, and the Panama Canal, suggesting expansive U.S. control…
IRS Affirms Stance on Taxation of Crypto Staking Rewards
The United States Internal Revenue Service (IRS) has recently affirmed its stance on the taxation of cryptocurrency staking rewards, viewing them as taxable income upon receipt rather than upon sale…
Crypto.com Initiates Institutional Custody Service in the U.S.
Crypto.com has expanded its operations in the United States by launching a new institutional cryptocurrency custody service. This strategic move is part of the company’s broader plan to enhance its…
Malaysia Designates Atomic Wallet as Unauthorized Financial Operator
Malaysia’s Securities Commission has recently placed Atomic Wallet, a prominent Web3 wallet service, on its list of financial entities banned from operating within the nation. This action stems from allegations…
Crypto Market Correction in December Leads to $17 Billion Drop in ETPs
In December, the digital asset investment landscape faced a steep downturn, with exchange-traded products (ETPs) seeing a significant decrease in assets under management, plummeting by $17.7 billion. This shift came…
La Rosa Holdings Integrates Bitcoin Payments for Real Estate Agents
La Rosa Holdings, a Nasdaq-listed firm, has announced a new initiative to integrate Bitcoin and other cryptocurrency payment options for its extensive network of over 3,000 real estate agents across…
Nokia Seeks Patent for Encryption Device and Software for Digital Assets
Finnish telecommunications giant Nokia has officially applied for a patent related to digital asset encryption, signaling a new direction in their technological advancements. This application, submitted to the China National…
Alleged $22 Million NFT Scam Leads to Charges for Two Californians
Two individuals, both 23 years old and hailing from California, have been taken into custody in Los Angeles under allegations of defrauding investors out of more than $22 million through…
Metaplanet Makes Largest Bitcoin Purchase, Scooping Up 620 BTC
Japanese investment firm Metaplanet has made its largest Bitcoin purchase to date, acquiring almost 620 BTC as the cryptocurrency trades below $100,000. The Tokyo-based firm, known for its growing Bitcoin…
Growing Demand from Crypto and AI Could Challenge North American Power Grids
As cryptocurrency mining and artificial intelligence (AI) operations expand, they are increasingly impacting electricity demand across North America, with large-scale data facilities connecting to the energy grid at unprecedented rates.…
Russia Implements a Six-Year Ban on Crypto Mining Across 10 Regions
The Russian government has officially sanctioned a six-year prohibition on cryptocurrency mining in 10 specific regions, slated to commence on January 1, 2025. This decision, as reported by the local…