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…
Hong Kong Considers Incorporating Bitcoin into National Reserves
In a move that could redefine Hong Kong’s financial strategy, Legislator Wu Jiexhuang has proposed leveraging the “one country, two systems” policy to integrate Bitcoin into the special administrative region’s…
China Implements Stricter Forex Controls Targeting Cryptocurrency Transactions
China’s State Administration of Foreign Exchange recently unveiled stringent regulations aimed at bolstering the scrutiny of financial transactions that include cryptocurrency dealings. These measures compel banks to identify and report…
Tether Transfers $780 Million Worth of Bitcoin to Its Reserve in Largest Allocation Since March
Stablecoin issuer Tether has significantly bolstered its Bitcoin reserves, making its largest transfer since March by moving nearly $780 million worth of Bitcoin into its corporate holdings. On December 30,…
Potential Ether Rally in Q1 2025 Faces Mixed Analyst Views
Ether may be poised for a significant rally in the first quarter of 2025, a pattern observed in past cycles following U.S. elections and Bitcoin halving events. Historical data from…
Solana Co-Founder Faces Lawsuit from Ex-Wife Over Staked SOL Profits
Stephen Akridge, co-founder of Solana and current CEO of Cyber Grant, has been sued by his ex-wife, Elisa Rossi, over allegations that he secretly profited from staking rewards of Solana…
Ethereum’s Long-Term Holder Base Grows in 2024 as Bitcoin’s Declines
Throughout 2024, the landscape of cryptocurrency holding patterns saw notable shifts, particularly among the two leading cryptocurrencies, Ethereum and Bitcoin. Data from IntoTheBlock, highlighted in a December 30 post on…
Crypto Hackers Employ Sophisticated Fake Job Scams to Distribute Malware
Crypto hackers have developed a sophisticated method to trick individuals into downloading malware that provides unauthorized access to personal computers, ultimately leading to significant financial theft. Blockchain expert Taylor Monahan,…
Centralization Poses Authoritarian Threats to Privacy
David Holtzman, a former military intelligence professional and chief strategy officer at Naoris, a decentralized security protocol, recently emphasized the inherent dangers of centralized data systems to Cointelegraph. Holtzman pointed…
Australia Continues 29-Month Streak of Monthly Increases in Bitcoin ATMs
Australia has seen a continuous monthly increase in Bitcoin automated teller machines (ATMs) for over two years, nearly surpassing the total number in Europe and reinforcing its position as a…