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Trump promises to stop pressure on cryptocurrencies in the US. The departure of Crenshaw, Gensler, and Lizaraga will pave the way for Republicans to take full control of the SEC in 2024 to support bitcoin and ethereum 🚀
Trump announced plans to stop pressure on cryptocurrencies in the US and began reforming key agencies. Caroline Crenshaw, known for her anti-crypto stance, will not be reappointed to the SEC. By 2024, control of the SEC will pass to Republicans as Democrats Lizaraga and Chairman Gensler leave. The new leaders will be Uyeda, Peirce, and Atkins, who support the development of the crypto market and the approval of ETFs for bitcoin and ether.
792 people were arrested in Nigeria for cryptocurrency fraud, including 148 Chinese citizens, and the DR Congo accused Apple of using "blood minerals" from conflict zones 🚨
792 people were arrested in Nigeria for cryptocurrency fraud, including 148 Chinese citizens. The fraudsters established romantic connections with victims through social networks and convinced them to invest in fake cryptocurrency projects. The Democratic Republic of the Congo filed a lawsuit against Apple, accusing the company of using "blood minerals" mined in conflict zones in eastern Congo and Rwanda, which then entered its supply chain.
Tether invested in StablR to support the stablecoins Euro EURR and US Dollar USDR in Europe using the Hadron platform and complying with MiCA requirements 💶
Tether invested in the European stablecoin provider StablR to strengthen its position in the EU market and support the development of regulated digital assets. StablR issues the stablecoins EURR and USDR, compatible with Ethereum and Solana. Using Tether's Hadron tokenization platform, StablR plans to improve the liquidity, accessibility, and compatibility of its tokens. In the summer of 2024, the company obtained an EMI license from the Maltese regulator to issue stablecoins that comply with MiCA requirements, highlighting its commitment to regulatory compliance.
Mohammed Azharuddin Chipa from Virginia has been found guilty of sending over $185,000 in cryptocurrency to support ISIS in Syria, including escapes from camps and assistance to militants 💣
35-year-old Mohammed Azharuddin Chipa from Virginia has been found guilty of supporting ISIS. From 2019 to 2022, he raised over $185,000 for female ISIS members in Syria, helping them escape from camps and supporting militants. He used social media to collect funds, which he converted into cryptocurrency and sent to Turkey, from where they were transferred to Syria. Chipa faces up to 20 years in prison. The sentence will be handed down in May 2025.
Starting from January 8, 2025, Bybit will stop withdrawal and asset storage services for citizens and residents of France: users with amounts under 10 USDC will incur a 10 USDC fee, and accounts will be closed ⚠️
SEAL warns LastPass users about the risk of cryptocurrency loss: hackers stole $45 million, including $5.36 million in December 2024, since the hack in 2022 🚨
The South Korean Digital Asset Protection Fund will begin returning funds to users of closed cryptocurrency platforms, totaling 17.8 billion won, including 200 million won in deposits 🔄
El Salvador granted the Bitget exchange a Bitcoin Service Provider license to provide services with Bitcoin, including currency exchange, payment services, and secure storage of user assets 🔐
FTX announced the start of payouts to users on January 3, 2025: the first group will receive compensation within 60 days, with the help of cryptocurrency companies Kraken and BitGo ⏳
Exodus Movement will be listed on NYSE American under the ticker EXOD on December 18 after a delay due to an SEC review, which will increase liquidity and the company’s profile 💼
Ripple launches the stablecoin RLUSD, pegged to the US dollar, from December 17, 2024, available on several platforms in the regions of America, Asia, the UK, and the Middle East 🌍
World Liberty Financial invested nearly $45 million in cryptocurrency in December: purchase of ONDO tokens, Ethereum (ETH), Coinbase Wrapped BTC (cbBTC), and other assets 🔗
Justin Sun withdraws $209 million in Ethereum from Lido Finance: a large ETH withdrawal could affect liquidity and price, as seen in previous transactions 📉
Justin Sun, the founder of TRON, has filed a request to withdraw 52,905 ETH ($209 million) from Lido Finance, which could affect the price of Ethereum. This is part of his accumulation strategy, during which he purchased 392,474 ETH, making a profit of $349 million. Similar withdrawals previously caused ETH prices to drop, raising concerns among analysts about potential liquidity declines. Lido accounts for more than 30 percent of all ETH staking, and such large withdrawals could impact the market.
In Scottsdale, NuruHussein Hussein was arrested for stealing $300,000 in cryptocurrency by posing as an Uber driver and transferring funds from victims' accounts on Coinbase 🚗
In Scottsdale, Arizona, NuruHussein Hussein has been arrested for stealing $300,000 in cryptocurrency. He posed as an Uber driver, and after taking passengers' phones, he transferred their cryptocurrency from their accounts to his wallets. Hussein threatened one of the victims when they suspected fraud. He was arrested on December 11 and placed under a $200,000 bond. The court proceedings will continue on December 18.
Eric Trump confirmed that US-based cryptocurrencies such as Algorand, Cardano, Ripple, and Hedera will be exempt from capital gains tax, which puts foreign cryptocurrencies at a disadvantage with a tax of up to 37 percent 💰
Eric Trump confirmed that US-based cryptocurrencies such as Algorand, Cardano, Ripple, and Hedera will be exempt from capital gains tax. This puts foreign cryptocurrencies at a disadvantage, with a tax of up to 37 percent. Trump stated that his goal is to make the US a global cryptocurrency hub, and he also highlighted the importance of decentralized finance, which, in his opinion, could replace traditional banks, becoming faster and more efficient.
Mark Longo has filed a lawsuit against Binance for copyright infringement regarding images of Peanut the Squirrel, despite the stability of the PNUT price and a 95 percent drop in the market capitalization of the Justice for Peanut (JFP) token 🐿️
Mark Longo, the owner of Peanut the Squirrel, has filed a lawsuit against Binance for using images and stories involving his pet without permission. Despite the legal dispute, the price of the PNUT token has remained stable. Longo is also promoting a new token, Justice for Peanut (JFP), though its market capitalization has significantly dropped. Disputes within the crypto community have intensified, with Longo being accused of exploiting the situation for personal gain. The incident involving Peanut the Squirrel has also sparked public outcry following her death in custody.
Best news of the last 10 days
Hackers compromised Drake's account on X and promoted the fake cryptocurrency $ANITA, causing a stir among his followers, but after the scam was exposed, its value dropped by 99 pour cent 📉
Hong Kong strengthens cryptocurrency regulation: introducing licensing for stablecoin issuers and creating a working group on the development of Web3 for sustainable growth of digital assets 📊
Donald Trump announced the creation of a strategic bitcoin reserve in the US to outpace China, while Russia is considering a similar move after its assets were frozen by the West 🚀
Hamster Kombat launches a Decentralized Autonomous Organization (DAO) for project management, enhancing transparency, and engaging Hamster Token (HMSTR) holders 🐹
Frank Algren from Texas was sentenced to 2 years in prison for concealing taxes on the sale of bitcoins worth $4 million and using mixers to anonymize transactions and hide profits 💸
From 2017 to 2019, he concealed income from the sale of cryptocurrency worth $4 million by underestimating the purchase price of bitcoins. In 2018-2019, he did not declare sales of $650,000, using wallets and "mixers" to hide the transactions. The tax authorities suffered damages exceeding $1 million. The court ordered him to pay $1.09 million in compensation.
Elon Musk filed a lawsuit against OpenAI, accusing the company of violating its mission due to the transition to a profit-driven structure, despite having previously supported such a model 🤔
Elon Musk filed a lawsuit against OpenAI, claiming that the company violated its original mission by creating a profit-driven structure. However, OpenAI responded that Musk himself supported the idea of a profit-driven structure back in 2015. He also attempted to gain control of the company by proposing it become profitable and even discussed with OpenAI's co-founders the possibility of changing its structure. In 2019, OpenAI launched its limited-profit model, which Musk did not support.
MicroStrategy will enter the Nasdaq-100 on December 23: stock value increased 6 times due to Bitcoin investments worth $42.43 billion, paving the way to S&P 500 🚀
MicroStrategy will be added to the Nasdaq-100 index on December 23 after a sharp rise in its shares, driven by Bitcoin investments. The company, which owns the largest corporate stockpile of cryptocurrency, has seen its value increase more than sixfold, reaching nearly $94 billion. It is expected that the inclusion in the Nasdaq-100 will pave the way for inclusion in the S&P 500 in 2025. As of December 8, the company held 423,650 bitcoins, worth approximately $42.43 billion.
Zand has launched a digital asset custody service approved by the Virtual Assets Regulatory Authority (VARA), becoming the first bank in the UAE with institutional-grade asset protection 🔒
Zand, the first fully licensed digital bank with artificial intelligence in the UAE, has launched a digital asset custody service approved by the Virtual Assets Regulatory Authority (VARA). This makes Zand the first bank in the UAE offering institutional-level custody services. The service ensures high security by using hardware for data protection in the UAE, combining expertise in both traditional and digital finance. Zand guarantees reliability and compliance with strict security standards.