After a 9.8% drop in Bitcoin’s value over the past week, investors are showing signs of caution, worried about the potential for further declines. Despite this, Japan-based Metaplanet has reaffirmed its confidence by buying nearly 620 BTC. Interestingly, the latest acquisition marks its largest Bitcoin purchase to date. Metaplanet’s Largest Single BTC Acquisition According to...Read More
U.S. President-elect Donald Trump has appointed former college football player Bo Hines to the new crypto council. Announced Sunday, Hines will be onboard as the executive director of the Presidential Council of Advisers for Digital Assets. Trump’s Crypto Council The 29-year-old acknowledged the appointment in a December 23 post on X, writing: “Thank you, Mr....Read More
Days after Binance introduced its pre-listing token selection pool, Binance Alpha, it launched 29 tokens with mixed performances. Data shared by crypto analysts Sankin shows that out of the listed cryptocurrencies, 17 have seen their values increase while 12 experienced declines. Small-Cap Tokens Lead the Pack In a December 23 post on X, Sankin noted...Read More
The growing speculation surrounding a potential presidential pardon for Sam Bankman-Fried (SBF) has been fueled by high-profile figures and shifting political tides. A major Trump ally, Elon Musk, for one, will be “shocked” if US President Joe Biden does not grant an early pardon to the disgraced former CEO of FTX. Crypto, Politics, and Pardons...Read More
Key metrics on Ethereum are painting a bullish outlook for the network’s native cryptocurrency, ether (ETH), despite its sluggish momentum over the past weeks. The asset has struggled to match bitcoin’s (BTC) momentum following the conclusion of the United States presidential election, but on-chain metrics indicate a bullish trend in the near term. According to...Read More
MicroStrategy has extended its Monday bitcoin acquisition streak with another purchase announced by co-founder Michael Saylor minutes ago. This time, the company was slightly more modest by allocating less than a billion to acquire 5,262 BTC. MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4%...Read More
Chainlink (LINK) briefly dropped to $20.1 during the weekend before staging a quick recovery to a little over $23. The latest dip, however, extended its weekly losses to almost 22%. This prompted many whales to accumulate the token. LINK Whales’ Conviction There has been a noticeable uptick in the holdings of wallets containing between 10...Read More
BTC prices are currently down 12% from their all-time high of just above $108,000 on Dec. 17, and the correction appears to be deepening. The asset hit an intraday low of $93,810 during trading in Asia on Monday morning but recovered quickly to tap $96,000 before another slip. Those losses have resulted in a “bearish...Read More
In 2024, euro-backed stablecoins emerged as a critical driver of growth in the European cryptocurrency market, bolstered by the implementation of the Markets in Crypto-Assets Regulation (MiCA). In fact, these tokens have notched a new record in terms of monthly volumes after attracting liquidity and institutional players across the region. MiCA Spurs Euro-Backed Stablecoin Adoption...Read More
Mohammed Azharuddin Chhipa, 35, from Springfield, Virginia, was convicted on December 13, 2024, for providing material support to the Islamic State of Iraq and al-Sham (ISIS), which has been designated a terrorist organization by the United Nations and others. The charges stemmed from his actions between October 2019 and October 2022, during which he raised...Read More
Kim Nam-guk, a former South Korean lawmaker from the Democratic Party, is under legal scrutiny for allegedly concealing substantial cryptocurrency holdings in his 2021 and 2022 asset declarations. He is accused of omitting millions in crypto profits and transferring assets to bank accounts. Hidden Crypto Profits A local news outlet, Donga, prosecutors have requested a...Read More
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned two individuals and one entity involved in a network laundering millions of dollars in illicit funds for North Korea. Lu Huaying and Zhang Jian, based in the United Arab Emirates (UAE), used a UAE-based front company to facilitate money laundering and...Read More
As 2024 gradually wraps up, the web3 security firm Cyvers has released a Security, Fraud, and Compliance Report for the year, detailing how much impact cybercriminals and their operations had on the crypto industry. According to an executive summary shared with CryptoPotato, in 2024, the crypto industry lost over $2.361 billion to cyber threats across...Read More
A new survey by the blockchain infrastructure provider P2P.org has unveiled some challenges and trends affecting institutions’ crypto adoption strategies. It also highlighted opportunities that institutions could explore to adapt to the evolving practices in the crypto industry. The survey included participation from more than 15 institutional players, with intermediaries, investment funds, and venture capital...Read More
With the crypto market halfway through this bull cycle, the amount of bitcoin readily available for sale is shrinking faster relative to demand growth. On-chain analysis by the market intelligence firm CryptoQuant revealed that the bitcoin market is currently experiencing a demand shock because demand growth is accelerating and supply is shrinking. According to a...Read More
Cardano’s blockchain technology is set to revolutionize the Argentine lithium industry through an agreement with three players in the sector: Atómico 3, Zengate, and Alto Grande. The collaboration will introduce the world’s first lithium tokenization project, a disruptive initiative scheduled for launch in Q1 2025. Mechanics of Tokenization According to local reports, the project will...Read More
Shanghai-based car dealership Cango Inc. has pivoted to Bitcoin (BTC) mining, announcing a $256 million acquisition of 32 exahashes per second (EH/s) in hashrate from Bitmain Technologies. In November, the company extracted 363 BTC, worth about $36 million, without liquidating any assets, positioning it as one of the top players in the global Bitcoin mining...Read More
Nigeria’s Economic and Financial Crimes Commission (EFCC) on December 10 arrested 792 people linked to a massive crypto-romance scam operating out of Lagos. The suspects, who included 148 Chinese, 40 Filipinos, and several other foreign nationals, were caught during a surprise raid at an imposing seven-story structure known as Big Leaf in the affluent Victoria...Read More
CyberKongz, a gaming-based NFT project, announced on December 16 that it has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). The notice raises concerns about the platform’s integration of its ERC-20 token with blockchain games and questions aspects of its activities, including its 2021 contract migration. The SEC’s Argument In a...Read More
In a recent recovery on Saturday, Solana-based BONK led the rally among dog-themed meme coins, as Bitcoin bounced back above $98,000 after a steep drop to around $93,000 on Friday. Memecoins Surge As per data from Coingecko, BONK surged 30%, while Dogecoin, Shiba Inu, Dogwifhat and Floki Inu surged as much as 20%. Notably, the...Read More
The crypto industry grew remarkably in 2024 amid rising coin prices, but the same cannot be said for on-chain users across most relevant chains. A 2024 on-chain user report by the blockchain growth platform Flipside revealed a need for networks to offer quantity and quality on-chain activity to attract users and turn them into high-value...Read More
Metaplanet Inc. plans to issue ¥5.0 billion ($31.9 million) in ordinary bonds to accelerate its Bitcoin buys. The company announced this in a December 20 post on X, adding that the repayment will be made from exercising its 12th series stock acquisition rights. Details of the 5th Series Ordinary Bonds In a separate post, Metaplanet...Read More
Reports have emerged that hackers compromised the X account of the newly-established Department of Government Efficiency (D.O.G.E.) co-lead Vivek Ramaswamy. The attack led to a whirlwind of misinformation and market frenzy surrounding the four-month-old USUAL stablecoin project. False Claims Propel Market Activity It started with a now-deleted post initially thought to be from Ramaswamy, announcing...Read More
Bitcoin (BTC) is currently worth around $94,000 after trading above $108,000 earlier this week. While traders continue to take profits, analysts believe the cryptocurrency still has room for growth. According to an X thread by Rafael Schultze-Kraft, the co-founder of the on-chain market intelligence platform Glassnode, over 20 charts and metrics suggest BTC has yet...Read More
Craig Wright, who has repeatedly and falsely claimed to be Bitcoin’s pseudonymous creator, Satoshi Nakamoto, was handed a one-year suspended sentence in the United Kingdom for five counts of contempt of court. The computer scientist was also fined £145,000, approximately $180,000 for his actions. Wright Breached Court Order During a December 19 hearing, Judge James...Read More
The landscape in the cryptocurrency space can change drastically in days. Recall that bitcoin tapped a new all-time high of over $108,000 on Tuesday, but its price has slumped to $94,500 since then. This came after a few remarks by Federal Reserve Chair Jerome Powell, who warned that the central bank could not purchase BTC...Read More
Bitcoin’s massive rise from under $70,000 to over $108,000 within a month and a half after Donald Trump’s landslide victory in the US presidential elections left some investors outside the circle. However, the ever-volatile nature of BTC always leads to substantial corrections that provide opportunities for those who missed the initial train to get on...Read More
Bitcoin’s price actions in the past few days have been nothing short of a substantial correction that pushed it south by around thirteen grand. It seems Powell’s comments made during the latest FOMC meeting have scared US investors as they pulled over $670 million from the spot Bitcoin ETFs within just a day. Red Record...Read More
After agreeing to curtail its ambitious Bitcoin initiatives, El Salvador has reached a $1.4 billion loan arrangement with the International Monetary Fund (IMF). The agreement, which needs the approval of the IMF Executive Board, aims to support El Salvador’s reform agenda, boost fiscal and external sustainability, and create conditions for stronger, inclusive growth. IMF Loan...Read More
Osprey Funds, LLC, a U.S.-based crypto investment firm, has announced that the Osprey BNB Chain Trust is now publicly quoted on the OTCQX® Best Market. Interestingly, the fund happens to be the first in the US to provide exposure to BNB, the native token of the BNB Chain ecosystem. It aims to offer a way...Read More
