MicroStrategy has continued its aggressive Bitcoin acquisition strategy, purchasing an additional 2,138 BTC for $209 million, bringing its total holdings to 446,400 BTC. This purchase, made on December 29, marked the eighth consecutive week of Bitcoin purchases, further solidifying the company’s position as the largest Bitcoin holder among publicly traded companies. Expanding Bitcoin Holdings MicroStrategy’s […]

The PBOC noted that 51 jurisdictions worldwide have imposed bans or restrictions on cryptocurrency assets. This includes mainland China, where a …

TL;DR Sky Protocol, formerly MakerDAO, reported a record-breaking $22.18 million in revenue for December 2024, reflecting the DeFi sector’s recovery. Factors driving this growth include increased usage of the native stablecoin DAI/USDS, with daily fees peaking at $1.3 million and DAI supply rising to $6.2 billion. Sky Protocol’s rebranding and collateral overhaul, along with ambitious […]

PRESS RELEASE. Singapore, December 30, 2024 – LBank, a leading global cryptocurrency exchange, has released its 2024 Annual Report, showcasing a year of extraordinary achievements across various domains, including leap growth, product innovation, global branding, and compliance. In 2024, LBank reached remarkable new heights in growth. The platform achieved over 15 million registered users worldwide, […]

Cardano (ADA) has faced a challenging period, experiencing a sharp 42% correction since reaching a multi-year high of $1.32 in early December. This significant decline reflects the broader market uncertainty, with increased selling pressure and cautious investor sentiment weighing heavily on ADA’s price. Despite this, on-chain data suggests a shift in dynamics, hinting at a […]

The United Kingdom has a regulatory advantage in the cryptocurrency market.

Venture capitalist Chris Burniske says crypto investors with long-term conviction should be chomping at the bit for entries into the market amid the correction. Burniske, a former analyst at Cathie Wood’s ARK Invest and current partner at Placeholder, says that Bitcoin (BTC) has likely already printed its lows for the bull run, and given that […]

A crypto whale that participated in the initial coin offering (ICO) of Ethereum has reportedly been spotted sending nine figures worth of ETH to the crypto exchange Kraken this year. Citing data from on-chain analyst Ember, Wu Blockchain reports that after another transfer of 3,370 ETH to Kraken over the weekend, a whale connected to […]

Cardano founder Charles Hoskinson addresses crypto community in X post

Bitcoin reached a new all-time high of US$108,268 on December 18, but subsequently dropped 14% as the anticipated Christmas rally failed to materialise. Trading volumes have decreased significantly, with a 64% reduction in the past week compared to the previous week that saw Bitcoin’s record high. Analysts from Swissblock and Santiment suggest a potential year-end […]

Following this month’s reduction, which brought over 30% correction in two weeks, CRV found support a week ago and bounced back. Facing a key level, the trend is still looking bullish on the daily timeframe. The recent monthly drawdown caused a notable decrease in the market, but CRV managed to hold above the $0.69 level […]

Bybit has ended its operations in Malaysia following an order from the Securities Commission Malaysia (SC). The SC flagged the cryptocurrency exchange giant for operating in the country without local registration and held Bybit’s CEO, Ben Zhou, responsible for ensuring compliance. Actions against Unregistered Platforms The order came after the Malaysian regulator added Bybit to […]

Cryptocurrency miners in Chechnya will be treated as terrorists, Adam Delimkhanov, a State Duma deputy and advisor to the head of the republic, …

Bitcoin stands at a critical crossroads, with its price hovering near the crucial $93,257 support level. This key price point has acted as a stronghold for the cryptocurrency during its recent ascent, but now, the market is facing mounting pressure. Bearish strength is starting to gain traction, raising concerns that the $93,257 level might soon […]

A Hong Kong legislator has proposed leveraging the “one country, two systems” framework to add Bitcoin to its national reserve for financial stability.

The research arm of Galaxy Digital is revealing its predictions for the two largest crypto assets in 2025. In a new thread on the social media platform X, Galaxy Research’s Alex Thorn says he sees Bitcoin (BTC) surging by nearly 100% from current levels before 2025 expires amid increasing adoption of the largest digital asset […]

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition of Latam Insights, El Salvador continues buying bitcoin despite IMF’s requirements, the Argentine justice system orders freezing USDT for the first time, and a Brazilian congresswoman warns about the dangers […]

Bitcoin mining difficulty has had yet another positive adjustment

South Africa’s Financial Sector Conduct Authority (FSCA) announced earlier this month that it has approved the licences of 248 firms to operate as crypto asset service providers (CASPs) while declining nine applications. The regulator has yet to make a decision on 56 more applications. South Africa Regulates Crypto Firms The regulator further revealed that it […]

ChainCatcher news, the Financial Services Commission of South Korea announced that the decision on whether to allow companies to open cryptocurrency …

The Blockchain Association and Texas Blockchain Council filed a lawsuit against the IRS over new cryptocurrency regulations, arguing the violation of constitutional rights. Legal experts warn that the regulations could infringe on DeFi user privacy, stifle blockchain innovation, and drive technological development offshore. The Blockchain Association and the Texas Blockchain Council have filed a lawsuit […]

Treasurer Jim Chalmers views cryptocurrencies as tools for modernising Australia’s financial system, contradicting RBA Governor Michele Bullock’s dismissal of their utility. Chalmers acknowledges the risks of illicit uses but warns against excessive regulation that could hinder the industry’s potential. He advocates for a balanced approach to crypto regulation, emphasising protection without stifling innovation. The global […]

Imagine this: the crypto market is in one of its infamous dips, and everyone’s panicking. But savvy investors? They’re rubbing their hands in excitement. Why? Because downturns are the golden opportunities to snag investments that can skyrocket. The meme coin market, long considered a playground for laughs, has evolved into a lucrative investment hub. Recent […]

Since making Bitcoin a legal tender in 2021, the El Salvador government, led by President Nayib Bukele, has pursued a consistent strategy of accumulating Bitcoin. This Bitcoin accumulation strategy, which has largely paid off, has continued up until now. According to recent data, El Salvador has now crossed the 6,000 BTC threshold. This makes El […]

Bitcoin has retreated 13.7% in the last 12 days, leading to the Crypto Fear & Greed Index recording its lowest score since Oct. 15.

The real-world asset (RWA) sector has experienced meteoric growth over the past three years, soaring 58 times its previous valuation. Recent data from DeFiLlama revealed that its total value locked (TVL) now stands at an all-time high of $8.217 billion, with a $1 billion spike coming within the last seven days alone. Major Players Fueling […]

El Salvador’s vice president highlighted bitcoin’s role in economic growth during a meeting with China’s ambassador, emphasizing Chinese cooperation in advancing digital infrastructure projects. El Salvador Spotlights Bitcoin Wealth in Discussions With Chinese Delegation El Salvador’s Vice President Félix Ulloa highlighted the country’s bitcoin success in a meeting with Chinese Ambassador Zhang Yanhui, the Office […]

Market awaits end of yearly cycle

In the past year, we've witnessed some transformative moments for cryptocurrency and blockchain technology.

Investing veteran Tom Lee believes the US stock market will see greater heights next year propelled by a number of tailwinds. In a new CNBC interview, the Fundstrat co-founder and managing partner says the current macroeconomic backdrop will sustain stock market rallies next year. Lee also says he sees investors waiting on the wings to […]

A popular analyst says crypto market participants are overlooking a payments-focused altcoin that has been performing well over the past few months. The crypto strategist pseudonymously known as Altcoin Sherpa tells his 236,400 followers on the social media platform X that he believes XRP will print record highs before the market cycle comes to a […]

Galaxy Digital predicts the US government will not purchase Bitcoin in 2025 but will manage its existing holdings of over 183K BTC and explore an expanded Bitcoin reserve policy. A proposal by Senator Cynthia Lummis, the Bitcoin Act 2024, could allow the US Treasury to buy 200,000 BTC annually over five years. Galaxy Digital’s research […]