Trump Unveils $500 Billion AI Infrastructure Plan Led by Tech Giants
The initiative, led by OpenAI, SoftBank, and Oracle under the name "Stargate," is expected to create over 100,000 jobs and establish 20 data centers across the United States.
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UAE-Based Crypto Firm Admits to Wash Trading Scheme on Uniswap
The charges follow "Operation Token Mirrors," an FBI-led sting operation launched in October 2023 to identify fraudulent activities in the crypto industry.
El Salvador Adds 11 BTC to Reserves Amid Promises to Limit Adoption
This development follows a December 2024 agreement with the IMF, where El Salvador pledged to curb its Bitcoin policies in exchange for a $1.4 billion loan.
WazirX Freezes $3 Million in Crypto Assets Stolen in Cyberattack
International collaboration played a crucial role in identifying the perpetrators. A joint statement issued on January 14 by the United States, South Korea, and Japan attributed the heist to North Korean hackers associated with the Democratic People’s Republic of Korea (DPRK).
JioCoin Debuts on Polygon, Raises Utility and Transparency Queries
JioCoin currently functions as a reward mechanism for users browsing via JioSphere. Kashif Raza, CEO of Bitinning, speculated that JioCoin could play a broader role in Jio’s extensive ecosystem, possibly allowing users to redeem tokens for services like mobile recharges or purchases at Reliance outlets.
Dubai’s DMCC Unveils 17-Story Crypto Tower to Drive Blockchain Innovation
The Crypto Tower will feature over 150,000 square feet of leasable space, including nine floors of offices tailored for crypto startups and established enterprises.
Bitcoin Could Soar Beyond $300K in 2025, Says HashKey Group Report
Ben El-Baz, Managing Director of HashKey Global, emphasized Bitcoin's decentralized, inflation-resistant nature as a challenge to traditional assets like gold and U.S. Treasury bonds.
SEC Sues Elon Musk Over Late Disclosure of Twitter Stake
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, alleging he failed to disclose his…
Singapore Blocks Polymarket Over Unlicensed Gambling Allegations
The block came to light after Alex Zuo, vice president of investments and custody at Cobo, shared a screenshot of the GRA’s notice on social media.
Kenya Introduces a Draft Policy to Regulate Cryptocurrencies
Public feedback on the policy is invited until Jan. 24, after which it may pave the way for Kenya to join other African nations like South Africa and Nigeria in implementing crypto regulations.
Toe Bautista: AI-Crypto Synergy Holds Promise, But Bubble Risks Loom
To monitor AI’s trajectory, Bautista suggested following Nvidia, which he called the “number one barometer” of capital flowing into the sector.
Ripple Partners with Chainlink to Advance RLUSD Stablecoin in DeFi Ecosystem
Ripple introduced the U.S. dollar-pegged RLUSD stablecoin to the Ethereum and XRP Ledger networks in October. According to CoinGecko data, the token currently has a market capitalization of $72 million.
U.S. Court Clears $6.5 Billion Bitcoin Liquidation from Silk Road Seizure
The Department of Justice (DOJ) has already begun transferring portions of the cache, moving nearly $2 billion worth of Bitcoin to Coinbase on December 3, under a custody arrangement with Coinbase Prime through the U.S. Marshals Service.
Backpack Exchange Acquires FTX EU, Aims to Dominate EU Crypto Derivatives Market
The acquisition positions Backpack Exchange to offer a full suite of cryptocurrency derivatives across the European Union, starting with its status as the region’s only regulated perpetual futures provider.
Altman’s AGI Vision Clashes with Vitalik Buterin’s Blockchain-Based AI Safeguards
Altman announced in a blog post that OpenAI's user base has tripled to over 300 million weekly active users, positioning the company as a frontrunner in the race toward artificial general intelligence (AGI).
Tatadex Rebrands and Concludes Beta with $10M Trading Volume
The beta campaign highlighted a growing interest in accessible decentralized finance (DeFi) platforms, emphasizing user-friendly features for those new to onchain trading.
Coliseum Launches $2 Million Investment Fund for Web3 Gaming Projects
According to Thomas Zaepffel, CEO and Co-Founder of Coliseum, the fund is designed to empower Web3 gaming leaders to “build, scale, and succeed” by combining capital with community access and industry expertise.
CumRocket Token Surges 400% Following Elon Musk Tweet
According to CoinGecko, CumRocket’s price spiked from $0.004 to $0.02 before stabilizing at approximately $0.008, marking a 95% gain over the past 24 hours.
IRS Delays Crypto Tax Rules, Easing Investor Concerns Amid Legal Pushback
The decision, announced on Wednesday, provides centralized exchanges and brokers more time to adapt to the regulations while offering temporary relief to digital asset investors concerned about potential tax increases.
Tether’s USDT Faces Market Cap Decline Amid EU Regulations
This decline coincides with the delisting of USDT by several European Union-based exchanges and Coinbase. The decision was driven by compliance requirements under the EU’s Markets in Crypto-Assets (MiCA) regulations, which took full effect on December 30.
Crypto Scam and Hack Losses Hit Yearly Low in December 2024
According to blockchain security firm CertiK, December saw $28.6 million in losses from exploits, hacks, and scams—less than half of November’s $63.8 million and significantly below October’s $115.8 million.
U.S. IRS Finalizes Rules for Reporting Digital Asset Transactions
The regulations require brokers to disclose gross proceeds from cryptocurrency and other digital asset transactions, along with details about the taxpayers involved.
Israel Approves Six Bitcoin-Tracking Mutual Funds, Launch Set for December 31
The ISA’s decision comes nearly a year after the U.S. Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs), sparking a surge in global interest in Bitcoin-based investments.
MicroStrategy Buys $561M in Bitcoin as Nasdaq-100 Trading Debut Begins
The inclusion in the Nasdaq-100 was widely praised by Bitcoin proponents, with analysts pointing to the potential impact on trading volume and price.