Editor's Choice
Coinbase has become the official partner of the Los Angeles Clippers through a multi-year deal, offering fans exclusive events, merchandise, and $5 in Bitcoin 🏀
Coinbase has entered into a multi-year partnership with the Los Angeles Clippers, becoming the official partner of the team. As part of the agreement, the cryptocurrency platform will offer fans exclusive events, merchandise, and collectibles. Coinbase will also provide a $5 Bitcoin bonus for account creation. The company's branding will be displayed at the Intuit Dome arena, where the Clippers will host their games.
The CFTC supported blockchain for managing trading collateral in the derivatives market, improving efficiency and reducing costs, with the potential for expanding asset types 💼
The CFTC supported blockchain as a tool for managing collateral in the derivatives market, emphasizing its potential for transferring assets in real-time without intermediaries, reducing costs and increasing accessibility. CFTC Commissioner Caroline Pham highlighted the importance of legal clarity for unlocking the full potential of digital assets. In the future, with the arrival of the Trump administration, there could be a shift in the CFTC's approach to cryptocurrencies, and Summer Mersinger is seen as a candidate for the agency's leadership position.
Bybit holds an Islamic finance forum to discuss Sharia-compliant cryptocurrencies and presents the Islamic Account with 76 certified tokens and strategic tools 📈
Bybit held an Islamic finance forum, gathering leading experts to discuss Sharia-compliant cryptocurrencies. The focus was on presenting the Bybit Islamic Account, which offers access to 76 certified tokens, as well as strategic tools such as Dollar-Cost Averaging and Spot Grid Bots. The account is certified by Crypto Halal Certification and ZICO Holdings, confirming its compliance with Islamic principles. Bybit aims to provide Muslim investors with ethical and inclusive solutions in the digital asset market.
Upbit returns 8.5 billion won ($6.07 million) to 380 victims of voice phishing using the FDS system and collaboration with the Seoul police, blocking fraudulent transactions 🚔
The Upbit cryptocurrency exchange returned 8.5 billion won ($6.07 million) to 380 victims of voice phishing. Using the FDS system and cooperating with the police, Dunamu blocked fraudulent transactions and recovered the stolen funds. In February, the exchange returned 5 billion won, and on November 22 — another 3.5 billion won for 134 victims. A Dunamu representative noted the success of collaboration with the police in protecting users from crypto fraud.
CoinPoker hacked on November 8: Nearly $2M in Ethereum (2000 ETH) stolen via a series of small transactions and laundering through Tornado Cash and mixers 🚨
The Shanghai court stated that personal ownership of cryptocurrency does not violate Chinese law but prohibits commercial activities with crypto-assets 📉
The UK will present a cryptocurrency and stablecoin regulation project at the beginning of 2025, creating unified rules for crypto assets and staking 📜
The Texas court overturned the SEC rule expanding the definition of a dealer to include cryptocurrency companies, ruling it violated the law ⚖️
Gary Gensler will leave his position as Chairman of the SEC on January 20, 2025, after successful reforms in U.S. markets, returning over $2.7 billion to investors, and protecting against cryptocurrency fraud 💼
FTX will begin distributing assets worth $16 billion 💰 to creditors and customers by March 2025, after the completion of the reorganization plan and KYC verification 📅
South Korea confirmed that hackers from North Korea, Lazarus and Andariel, stole $50 million worth of cryptocurrency from Upbit exchange in 2019 💻
FTX co-founder avoided prison by cooperating with authorities, helping to expose the $11 billion fraud, which led to Sam Bankman-Fried's 25-year sentence 🚨
BitGo Singapore launches a platform for token storage, trading, and management in APAC with support for 1,100 digital assets and automated settlements via Go Network 🚀
BitGo Singapore, a subsidiary of BitGo, Inc., has launched a platform for secure and regulated storage, trading, and management of tokens in the APAC region. After receiving a license from MAS in August 2024, the company offers solutions supporting over 1,100 digital assets, automated settlements via Go Network, and a unique token management system. The platform ensures security, speed, and compliance for institutional clients in the region.
Trump appointed Howard Lutnick, CEO of Cantor Fitzgerald, as U.S. Secretary of Commerce. He will oversee the economy, trade policy, and supports Bitcoin 💰
Donald Trump has appointed Howard Lutnick, CEO of Cantor Fitzgerald, as the U.S. Secretary of Commerce. Lutnick will oversee economic and trade policy, including tariffs and trade relations. He is also known for his support of cryptocurrencies, particularly Bitcoin, and has called for classifying it as a commodity, like gold and oil.
Russia bans cryptocurrency mining in several regions of the country from December 2024 to March 2031, including Siberia and the occupied Ukrainian regions. ⚡
In Russia, from this winter, cryptocurrency mining will be suspended in the Irkutsk region, Buryatia, Transbaikal, the North Caucasus, including Chechnya and Dagestan, as well as in Russian-controlled Ukrainian regions. The restrictions in Siberia will be in effect from December 1 to March 15, 2025, in the North Caucasus and the occupied territories – year-round from December 2024. Russia uses 16 billion kWh annually for mining, which accounts for 1.5% of total energy consumption. New tax and registration requirements for miners have been implemented.
South Korea blocks the launch of cryptocurrency ETFs despite $130 billion in transactions and growing investor interest in digital assets 📊
South Korea’s financial regulator has banned the launch of ETFs linked to cryptocurrency companies, citing 2017 directives. This limits institutional investments despite the growing interest in cryptocurrencies. The FSC plans to create a Committee to review the regulations and approve spot ETFs.
Best news of the last 10 days
Five members of the Scattered Spider group are charged with cybercrimes, stealing $11 million in cryptocurrency and personal data through phishing from 2021 to 2023 💻
SEC to pay $4.6 million to BitClave investors affected by unregistered $25.5 million ICO in 2017 as part of settlement 💰
Matthew Siegel, head of digital asset research at VanEck, officially supported the proposal of elected President Donald Trump to create a national strategic reserve of Bitcoin
The Central Bank of Brazil launches a pilot project for DREX with Banco Inter, Microsoft, and Chainlink to automate cross-border payments using tokenized eBOL 💻
Microsoft introduced Azure AI Foundry for flexibility in AI application development, as well as new chips for improved security and data processing 💻
Microsoft has introduced Azure AI Foundry – a platform that enables developers to easily switch between AI models from OpenAI, Meta, and other providers, solving the problem of cumbersome updates. It simplifies the process of integrating new models and helps avoid unnecessary time costs. The company also unveiled new chips to improve AI system security and speed, including a microprocessor for data protection and a data processing unit (DPU) for more efficient data transmission.
The SEC reports that BIT Mining Ltd. (formerly 500.com) will pay a $4 million fine for violating the FCPA due to bribing Japanese lawmakers to lobby for casinos in Japan between 2017 and 2019. ⚖️
The SEC reported that BIT Mining Ltd. (formerly 500.com) will pay a $4 million fine for violating the FCPA. Between 2017 and 2019, the company bribed officials, including Japanese lawmakers, to lobby for casinos in Japan. The expenses amounted to $2.5 million. BIT Mining acknowledged the violations, committed to ending them, and settled the case with the SEC and the U.S. Department of Justice by paying a total of $10 million.
Coinbase will suspend trading of Wrapped Bitcoin (WBTC) from December 19, 2024, due to non-compliance with exchange standards, leaving only limit orders 📉
Coinbase will suspend trading of Wrapped Bitcoin (WBTC) from December 19, 2024, citing the token's non-compliance with exchange standards. Trading will only be available through limit orders, and WBTC funds will remain available for withdrawal. Issues arose due to control over the wallet holding the bitcoins backing WBTC, which led to disputes within the crypto community.
Yao Qian, former director of the Department of Science and Technology Supervision of CSRC, expelled from the Communist Party and removed from his position for violations related to virtual currencies 🚫
Yao Qian, former director of the Department of Science and Technology Supervision of the China Securities Regulatory Commission, has been expelled from the Communist Party and removed from his position for violations related to virtual currencies. He used his position for personal gain, including illegal money and gifts. His actions violated the principles of the Party and other regulations. The case has been handed over to the prosecution for further investigation.