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.
Tag: Cryptocurrency
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.
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.
Bitget Announces its January Trading Competition: A $10,000 Prize Pool
The competition is open to eligible users who register between December 31, 2024, at 10:00 AM (UTC) and January 22, 2025, at 10:00 AM (UTC).
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.
U.S. Supreme Court Reinstates Nvidia Crypto Sales Lawsuit
The lawsuit, originally filed in 2018 by a group of Nvidia shareholders, accuses the chipmaker of concealing over $1 billion in revenue tied to sales to crypto miners. The shareholders claim Nvidia’s CEO, Jensen Huang, downplayed the role of cryptocurrency demand in boosting GPU sales.
Vancouver Approves Motion to Explore Bitcoin Integration Into Municipal Finances
The motion, led by Mayor Ken Sim, was passed during a City Council Standing Committee meeting, initiating a feasibility study on accepting taxes and fees in Bitcoin and converting a portion of the city’s financial reserves into the cryptocurrency.
MicroStrategy’s Potential Inclusion in Nasdaq-100 Sparks Interest
Seyffart noted that the potential addition could attract at least $2.1 billion in share purchases by exchange-traded funds (ETFs), accounting for approximately 20% of MicroStrategy’s daily trading volume.
Microsoft Shareholders Reject Proposal to Add Bitcoin to Balance Sheets
Microsoft's board deemed the proposal “unnecessary,” emphasizing the company’s existing processes to manage and diversify its corporate treasury.
Amazon Shareholders Push for Bitcoin Treasury Strategy to Combat Inflation
The shareholders also pointed to Bitcoin’s significant returns as evidence of its potential. Over the past year, Bitcoin has grown by 131%, far outpacing corporate bond growth, which averaged 126%.
August Widmer of Paxful on How P2P Crypto Trading Empowers the Underbanked
In this exclusive interview, Widmer shared insights into how this model is reshaping financial accessibility, particularly for those traditionally left out of mainstream banking systems.
Donald Trump Appoints David Sacks as AI and Crypto Policy Adviser
United States President-elect Donald Trump has appointed David Sacks, ex-PayPal operating chief, as lead policy adviser on artificial intelligence (AI)…
Who Can Ban Bitcoin? Nobody, Says Vladimir Putin
"Who can ban Bitcoin? Nobody," he stated. "These tools will develop one way or another because everyone will strive to reduce costs and increase reliability."
CoinDCX Introduces ₹50 Crore Bharat Custody to Strengthen Crypto Asset Security
According to Sumit Gupta, Co-Founder of CoinDCX, Bharat Custody addresses a critical gap in the Indian market by offering a secure, localized approach to safeguarding crypto assets.
MicroStrategy Buys 15,400 Bitcoin in Fourth Purchase, Total Holdings Hit 402,100 BTC
Under the leadership of co-founder and Executive Chairman Michael Saylor, MicroStrategy pivoted from a traditional software company to what is now often referred to as a "Bitcoin development company."
Michael Saylor Proposes Bitcoin Strategy to Microsoft, Predicts $5T Growth
Saylor presented Bitcoin as a unique corporate asset, describing it as the “universal, perpetual, profitable merger partner.” He argued that unlike traditional mergers and acquisitions, Bitcoin lacks operational complexities and counterparty risks, offering a more streamlined and lucrative opportunity.
Enforcement Directorate Seizes ₹106 Crore in Nagaland’s HPZ Token Scam
According to the ED, the operation involved promising investors astronomical returns through a token-based app called HPZ Token and online gaming and betting platforms. Victims were lured with claims of doubling their investments, only to have their funds siphoned off.