Editor's Choice
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 📉
Hackers compromised Drake's account on X (formerly Twitter) and used it to promote a fake cryptocurrency, $ANITA. The coin was allegedly linked to the betting platform Stake, with which Drake had partnered, drawing attention from his 39 million followers. Despite the exposure of the scam, $ANITA saw $4.9 million in trading volume before its value plummeted to $12,000. This is just one of many instances of celebrity accounts being used in cryptocurrency schemes in 2024.
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 📊
Hong Kong strengthens its position as a center for innovation in the field of cryptocurrencies and digital assets. The acting Secretary for Financial Services, Joseph Chan, announced measures aimed at improving regulation and creating conditions for the development of blockchain technologies. In 2023, a working group on the development of Web3 was established, and a draft law on stablecoins was published, requiring licensing from the Hong Kong Monetary Authority for issuers of these tokens. Hong Kong is actively developing a regulated environment to attract crypto companies.
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 🚀
Donald Trump announced plans to create a strategic bitcoin reserve in the US to outpace other countries, including China. The idea was supported by Senator Cynthia Lummis, who proposed purchasing 1 million bitcoins over 5 years to reduce the US national debt. Russia is also considering creating a similar reserve after its assets were frozen in the West. These events are fueling forecasts of a sharp rise in the price of bitcoin.
Hamster Kombat launches a Decentralized Autonomous Organization (DAO) for project management, enhancing transparency, and engaging Hamster Token (HMSTR) holders 🐹
Hamster Kombat (HMSTR) announced the launch of a Decentralized Autonomous Organization (DAO) to more actively engage the community and give HMSTR token holders the right to participate in project management. This step aims to increase transparency, strengthen user control, and build trust in the platform. The DAO will allow the community to make key decisions about the project's future, setting Hamster Kombat apart from other crypto games. It is expected to help solve the problem of the token's value decline and restore investor confidence.
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 💸
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 🤔
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 🚀
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 🔒
Telegram deleted 15.4 million groups and channels with content related to fraud and terrorism in 2024, enhancing moderation with AI after Durov's arrest 🚫
Bitget is considering establishing a regional hub in Lithuania to comply with the MiCA regulation, expand its presence in Europe, and hire regulatory compliance specialists 🏢
BiT Global has sued Coinbase for 1 billion dollars, accusing the company of unfair competition after removing the wBTC token to promote its cbBTC product ⚖️
AMP Ltd. invested 27 million US dollars in bitcoin, the first step of the Australian pension fund towards digital assets with an investment share of 0.05 percent of the company's assets 📈
Victim of a phishing attack: Ledger user lost 10 bitcoins worth $1 million and NFTs worth $1.5 million, the hacker waited 3 years to withdraw the funds 🚨
A user of the Ledger hardware wallet under the pseudonym Anchor Drops reported the theft of 10 bitcoins (about $1 million) and NFTs worth $1.5 million. The incident is linked to a phishing attack from February 2022. According to experts, the user accidentally signed a malicious transaction, allowing the hacker to gain access to their assets. Ledger urges users to check all transactions and review access rights.
Ripple issued 13.9 million stablecoins RLUSD on the XRP Ledger and Ethereum after NYDFS approval, backing them with U.S. Treasury bonds and preparing for integration into DeFi 🚀
Ripple issued 13.9 million stablecoins RLUSD on the XRP Ledger and Ethereum after approval from the New York Department of Financial Services (NYDFS). RLUSD is fully backed by U.S. Treasury bonds and complies with strict regulatory requirements. Amid these events, the price of XRP rose to $2.35. The integration of RLUSD into DeFi may increase demand for XRP through liquidity pools and automated market makers.
The court found the participants of the fraudulent Icomtech scheme guilty of misappropriating clients' funds, ordered them to pay more than $1 million, and banned them from trading digital assets 🚫
The CFTC announced a court decision against the participants of the Icomtech digital asset fraud scheme, including Marco A. Ruiz Ochoa and others. They promised clients high profits from trading Bitcoin and other assets, but instead misappropriated the funds. Carmona, Arellano, Valdes, and Brand are required to pay more than $1 million in compensation to the victims and fines, and they are also prohibited from participating in trading. Ochoa pleaded guilty and faced similar sanctions.
BlackRock and Fidelity bought Ethereum worth 500 million US dollars in 48 hours. The ETHA and FETH funds attracted 372 million and 103 million US dollars, respectively 🚀
BlackRock and Fidelity have purchased Ethereum worth $500 million over the past 48 hours through Coinbase and the Prime platform, as reported by the Arkham platform. On December 10, the ETHA fund from BlackRock raised $372 million, and the FETH fund from Fidelity raised $103 million. These transactions reflect the issuers' strategy to actively increase their positions in ETH after receiving SEC approval. As a result, the total inflow into the ETHA fund reached $2.93 billion, while the inflow into the FETH fund amounted to $1.35 billion.
Best news of the last 10 days
Coinbase announced the removal of stablecoins Tether USD, Pax Dollar, PayPal USD, Gemini Dollar, GYEN, and Dai from European platforms starting December 13, 2024, due to new MiCA requirements 🚫
SEC threatens Elon Musk with multiple charges and resumes investigation into Neuralink over neurochip safety, demanding him to sign a settlement agreement within 48 hours 🚨
Ukraine plans to legalize cryptocurrencies by the beginning of 2025 with taxation on profits from operations when converting to fiat currencies, without tax incentives, and with a focus on financial stability 📊
CMB has blocked access to the MEXC cryptocurrency exchange in Turkey due to the lack of a branch in the country and non-compliance with local cryptocurrency regulations 🛑
The U.S. Supreme Court rejected Nvidia's appeal in the securities case related to allegations of concealing the dependence of sales on the volatile cryptocurrency mining market in 2018, allowing the case to proceed ⚖️
The U.S. Supreme Court rejected Nvidia's appeal in the securities case, allowing the lawsuit to proceed. The lawsuit was filed by the Swedish investment firm Ohman J:or Fonder, accusing Nvidia's management, including CEO Jensen Huang, of concealing the dependence of sales on the volatile cryptocurrency mining market. The case is related to events in 2018 when Nvidia reported a quarterly revenue decline and warned of potential future income drops. This caused the company's stock to drop by 28.5 percent over two trading days.
Meta donated $1 million to Donald Trump's inauguration fund after Zuckerberg's meeting with Trump at Mar-a-Lago, continuing to strengthen relations with the new administration 🤝
Meta donated $1 million to Donald Trump's inauguration fund, continuing Mark Zuckerberg's efforts to strengthen relations with the president-elect. The donation followed Zuckerberg's meeting with Trump at Mar-a-Lago, where they discussed Trump's election victory. Despite tense relations in the past, including Trump's account suspensions, Zuckerberg continues to seek ways to establish a constructive dialogue with the new administration.
Fireblocks opens an office in Tokyo to strengthen its position in Japan, supporting the growth of the cryptocurrency market and offering secure solutions using MPC and HSM technologies 🔐
Fireblocks has opened an office in Tokyo, strengthening its presence in Japan. The company provides secure digital asset solutions using MPC and HSM technologies. Japan, with its rapidly growing cryptocurrency market, is becoming a key region for Fireblocks. The Tokyo office will help the company develop strategic partnerships with financial institutions and Web3 companies, as well as offer personalized solutions for Japanese clients.
The Australian operator of the Kraken exchange was fined 8 million Australian dollars (5.1 million US dollars) for illegally providing margin trading without a license and violating consumer protection requirements ⚖️
The Australian Federal Court has ordered Bit Trade, the operator of the Kraken exchange, to pay a fine of 8 million Australian dollars ($5.1 million) for illegally offering margin trading. The company provided clients with access to leverage without a license and target market determination, which led to significant losses for users. ASIC emphasized the need to comply with regulatory requirements to protect investors.