Editor's Choice
Cardano signed the first blockchain constitution: 95 percent of delegates supported the document, more than 60 participants from 50 countries gathered for the historic signing event 📝
On December 9, 2024, Cardano signed its first blockchain constitution, becoming the first project to take such a step. The event brought together more than 60 delegates from 50 countries who worked on the document for three days. The voting ended with 95 percent of the votes in favor. This moment became an important achievement for Cardano, confirming that blockchain can be an effective tool for building trust and making important decisions within the community.
The Brooklyn prosecutor shut down 40 fake NFT sites after an 85-year-old artist lost $135,000 in a fraudulent scheme involving a fake platform and cryptocurrency wallets 🖼️
The Brooklyn prosecutor's office shut down 40 fake NFT sites after an 85-year-old artist lost $135,000. A fraudster posing as an art dealer convinced him to place his works on a fake platform resembling OpenSea. The artist allegedly earned $300,000, but to access it, he was required to pay a "commission" of $135,000. The money was transferred to Nigeria, and the fraudulent sites attempted to steal cryptocurrency wallet data.
The Cardano Foundation account on X was hacked: scammers sold a fake token "ADAsol", which led to a 99 percent loss in value and a trading volume of $500,000 🚨
On December 8, the Cardano Foundation account on X was hacked, and the hacker spread information about a fake token "ADAsol", claiming that the Foundation would stop supporting ADA. The token generated a trading volume of $500,000 but quickly collapsed by 99 percent. All fraudulent posts were deleted, and the Foundation is working to restore the account. Users have been warned of possible risks and should avoid following links from the account.
The People's Bank of China resumed gold purchases for its reserves, increasing holdings by 160,000 ounces to 72.96 million ounces despite a 5% decline in prices since October 📊
The People's Bank of China resumed gold purchases for its reserves after a six-month hiatus. By the end of November, reserves increased by 160,000 ounces, reaching 72.96 million ounces. This occurred against the backdrop of a 5% decline in gold prices from the historical peak in October, although the price of gold is still 28% higher compared to the beginning of the year. The value of China’s gold reserves fell from $199.06 billion in October to $193.43 billion in November.
AUSTRAC strengthens control over crypto ATMs in Australia: mandatory registration, transaction monitoring, and reports on suspicious activity to comply with AML/CTF regulations 🚨
Circle has achieved compliance with the new Canadian laws for stablecoins, becoming the first crypto asset to pass certification. USDC's market capitalization is $40.3 billion 💡
The UK's financial regulator has blocked Pump.fun: the platform operates without permission and without consumer protection for users in the country 🚫
SEC to reject Solana ETF applications – "parting gift" from Gary Gensler to the crypto industry before his resignation on January 20, 2025 💼
WazirX has filed a petition with the Singapore court for debt settlement and convening creditors, conducting on-chain token swaps for asset security ⚖️
User LeftsideEmiri lost $300,000 💸 after clicking on a fraudulent link that installed malware stealing funds from Ethereum and Solana wallets 🛑
Czech Republic exempts from capital gains tax the profit from the sale of Bitcoin if it has been held for more than 3 years and the income does not exceed 100,000 Czech crowns 💰
GRVT has received a license from the Bermuda Monetary Authority to operate as a decentralized exchange, merging CeFi and DeFi, with plans for expansion in 2025 💼
Jupiter launches the iCloud Backup feature for secure storage of recovery phrases and wallet private keys with automatic encryption and recovery of access to cryptocurrency 🔐
Jupiter has added an iCloud backup feature that allows you to store recovery phrases and wallet private keys. By enabling it, the data is automatically encrypted and stored in iCloud, ensuring its security. In case of phone loss or app deletion, you will be able to recover access to your cryptocurrency. To set it up, simply enable the option in the "Security and Privacy" section of the app.
Trump appointed David Sacks as his advisor on artificial intelligence and cryptocurrencies, emphasizing the importance of these areas for U.S. competitiveness 💼💰
Donald Trump appointed David Sacks, a venture capitalist and podcaster, as his advisor on artificial intelligence and cryptocurrencies. Sacks, closely associated with Elon Musk and a strong supporter of Trump, will oversee the development of the crypto industry and technologies critical to U.S. competitiveness. Additionally, he will lead the science and technology council, working on freedom of speech issues and cryptocurrency legislation.
Argentina launches CEDEARs with access to Bitcoin ETF IBIT and Ethereum ETF ETHA, allowing investment in cryptocurrencies without crypto wallets, amidst peso devaluation 💰
Argentina introduces new investment instruments – CEDEARs, which allow local investors to invest in cryptocurrencies through exchange-traded funds (ETFs). Among them are Bitcoin ETF IBIT and Ethereum ETF ETHA, eliminating the need to manage crypto wallets. This step was made possible through collaboration between the Argentine Stock Exchange and Comafi Bank, opening access to international markets and cryptocurrencies amid the devaluation of the peso.
Binance Labs transferred the remaining 30 million GMT tokens to Binance, completing its involvement with the project for a total amount of $7.29 million, sparking a storm in the crypto community 💥
Binance Labs has completed its participation in the GMT project by transferring the remaining 30 million tokens to Binance. This step marks the end of the lab's partnership with the project after acquiring 75 million tokens at a price of $0.214 per token. The current price of GMT is $0.2563. The impact of Binance's further actions on these tokens will be crucial for the future of the project, which is used for governance, staking, and purchasing NFTs within the Stepn ecosystem.
Best news of the last 10 days
Copper became one of the first companies to support USDC on the Sui blockchain, opening up new opportunities for institutional investors and DeFi 🚀
Anduril Industries and OpenAI team up to use AI in protecting U.S. military bases from drone attacks: new technology to enhance security and situational awareness 🛡️
Ceffu integrates EOS into its custody services for institutional clients via MirrorX from Binance, and EOS is included in the COIN50 index on Coinbase 💼
Circle has become the first stablecoin issuer committed to complying with OSC and CSA requirements, allowing USDC to continue trading in Canada until December 31, 2024 💰
Tether launches Hadron platform for asset tokenization, including bonds, commodities, stocks, and other assets, with support for Ethereum, Avalanche, and Bitcoin Liquid 📊
Tether has launched a platform for asset tokenization called Hadron, which allows converting bonds, commodities, stocks, and other assets into digital tokens on the blockchain. The goal of the project is to provide opportunities for alternative financing and improve financial markets for governments and corporations. The platform includes tools for risk management, KYC, and AML, as well as support for Ethereum, Avalanche, and Bitcoin Liquid networks, with plans to add the TON network. Tokenization has the potential to become a multi-trillion-dollar industry.
TSMC and Nvidia will start producing Blackwell chips for artificial intelligence in Arizona in 2024, the chips will be 30 times faster than the previous ones and used for accelerated computing 🤖
TSMC is in talks with Nvidia about manufacturing Blackwell chips for AI at a factory in Arizona, which will begin mass production in 2024. These chips are 30 times faster than their predecessors and are designed for accelerated computing. The production process will also involve Taiwan, where the chips will undergo packaging. This move strengthens the US's position in the global semiconductor industry amid growing demand for AI technologies.
21X and Chainlink have entered into a strategic partnership to create the first regulated platform in the EU for tokenized assets and cross-chain compatibility using Chainlink CCIP 💼
21X, which will soon launch the first regulated financial infrastructure in the EU for trading and settlement of tokenized assets, has entered into a strategic partnership with Chainlink. The 21X system will use the Chainlink standard to integrate high-quality data and ensure cross-chain compatibility. As part of the partnership, price feeds for bids and offers will be available, as well as access to assets and stablecoins via the Chainlink CCIP protocol. The platform will operate under the oversight of BaFin, the German financial regulator.
Binance launches the On-Chain Yields program with Babylon Protocol for staking 1,000 BTC, simplifying access to DeFi and offering a new way to earn on digital assets 🚀
The On-Chain Yields program from Binance, within Binance Earn, removes technical barriers to DeFi access by providing the ability to stake BTC through Babylon Protocol. This simplifies DeFi interaction for regular users by eliminating issues with gas fees and smart contracts. Babylon offers a solution for safe Bitcoin staking without the need for wrapping or bridging, unlocking new opportunities in DeFi for a wider audience.