New Code Fuels Rumors X Payments Launch May Be Imminent
A recent leak of the latest software code behind Elon Musk’s X platform has ignited speculation that the highly anticipated payments system, X Money, could be launching soon. The leak…
USDC Market Cap Jumps 80% from 2023 Lows as Onchain Activity Surges
The circulating supply of Circle’s USD Coin (USDC) has seen a significant surge, rising 80% from its cyclical lows, as onchain activity continues to pick up momentum. According to data…
Morgan Stanley Considers Adding Crypto Trading to E-Trade Platform
Morgan Stanley, one of the largest asset management firms in the world, is reportedly considering adding cryptocurrency trading to its E-Trade online brokerage platform. According to a January 2 report…
KuCoin Launches New Point-of-Sale System to Enable Crypto Payments for Businesses
KuCoin, one of the world’s largest cryptocurrency exchanges, has introduced a new point-of-sale (PoS) system that enables its users to make payments using their exchange balances. This new feature, known…
Celsius Challenges Court’s Rejection of $444M Claim in FTX Litigation
The defunct cryptocurrency lending platform Celsius has initiated an appeal against a judicial order that rejected its substantial financial claims in its bankruptcy proceedings. This move follows Judge John T.…
Binance Achieves 21st International Crypto License with Brazilian Authorization
Binance, the world’s foremost cryptocurrency exchange, has obtained its 21st international regulatory approval, this time from Banco Central do Brasil (BCB), the central bank of Brazil. This authorization is a…
Decline in Crypto Theft: December Sees Lowest Losses of 2024
In the closing month of 2024, the digital asset community witnessed a significant reduction in financial losses due to scams, exploits, and hacks. December registered the lowest amount stolen all…
U.S. Crypto Executives Anticipate Clearer Regulations Under New Administration
With the imminent arrival of a new U.S. presidential administration and Congress, the digital asset industry is abuzz with expectations of potentially more accommodating regulatory frameworks. Key industry leaders are…
Terraform Co-founder Do Kwon Pleads Not Guilty in First US Court Appearance After Extradition
Do Kwon, the co-founder of Terraform Labs, appeared before a US magistrate on January 2, 2025, and pleaded not guilty to multiple charges related to the collapse of the Terra…
Singapore’s Strategic Moves Position It as Asia’s Next Major Cryptocurrency Hub
Singapore‘s burgeoning status as a pivotal center for Web3 and cryptocurrency firms is set to solidify, bolstered by a regulatory environment that favors innovation. In 2024, the Monetary Authority of…
Persistent Illegal Crypto Advertising Challenges UK Regulatory Efforts
Despite intensified efforts by the UK’s Financial Conduct Authority (FCA) to regulate the digital asset space, illegal cryptocurrency advertisements continue to pervade the United Kingdom. The Financial Times reported that…
China Implements Stricter Forex Rules to Monitor Crypto Transactions
China’s foreign exchange regulator has introduced stringent forex regulations that compel banks to intensify scrutiny of risky trades, particularly those involving cryptocurrencies. Reported by the South China Morning Post on…
IRS Temporarily Suspends Automatic FIFO Rule for Crypto Transactions
The U.S. Internal Revenue Service (IRS) has provided temporary relief from a rule that would have automatically assigned a potentially disadvantageous accounting method for cryptocurrency holders on centralized exchanges. Previously,…
Hive Digital to Relocate Headquarters to Texas Amid Favorable Crypto Climate
Hive Digital Technologies, a prominent Bitcoin mining firm, announced on December 31 its plans to relocate its headquarters from Vancouver, Canada, to Texas, motivated by the incoming Trump administration’s supportive…
Push to Include Bitcoin in Swiss National Bank’s Reserves Gains Momentum
On the last day of December, the Swiss Federal Chancellery began processing a significant proposal that, if successful, could integrate Bitcoin into the Swiss National Bank‘s (SNB) strategic reserves. This…
China Refutes Allegations Following Significant US Treasury Breach
The Chinese government has repudiated claims of involvement in a cybersecurity breach that compromised US Treasury workstations earlier this month, which allowed unauthorized access to “unclassified” documents. On December 30,…
South Korean Court Approves Arrest Warrant for Impeached President Yoon Suk Yeol
In a historic move, the Seoul Western District Court issued an arrest warrant for South Korea’s President Yoon Suk Yeol, who was recently impeached and suspended from office. This unprecedented…
MoonPay Gains Regulatory Approval Under EU’s MiCA Legislation in the Netherlands
MoonPay, a prominent player in the cryptocurrency payment sector, announced that it has received official licensing to operate as a regulated crypto business in the Netherlands. This approval aligns with…
Vietnamese Authorities Thwart $1 Million Crypto Scam, Safeguard 300 Potential Investors
The Hanoi City Police Department in Vietnam recently intervened to prevent a significant cryptocurrency scam that threatened to ensnare 300 potential victims. The scam, orchestrated by a company known as…
Malaysia’s Securities Commission Halts Bybit’s Operations
The Securities Commission (SC) of Malaysia has ordered cryptocurrency exchange Bybit to cease its operations in the country, citing violations related to running an unregistered digital asset exchange (DAX). The…