Cryptocurrency News

30 December

“Stock Futures Dip as Treasury Yields Reach 7-Month High”

Futures for the S&P 500 (ES=F), Nasdaq (NQ=F), and Dow Jones Industrial Average (YM=F) all trended lower on Monday morning. This decline came as the 10-year Treasury yield (^TNX) hovered near a 7-month high of 4.6%. Stocks ended last week on a negative note, with significant drops in major tech names like Tesla (TSLA) and Nvidia (NVDA). The Nasdaq Composite …

30 December

ETF Mania: Bitcoin Smashes $35B, Ether Follows with $2.7B in 2024

The cryptocurrency market is experiencing a historic surge in institutional interest, as U.S. spot Bitcoin ETFs attract over $35 billion in inflows in 2024, with Ether ETFs following closely behind, amassing $2.7 billion. This record-breaking adoption underscores the growing demand for regulated crypto investment vehicles, further solidifying Bitcoin and Ethereum’s positions as cornerstone assets in the digital economy. Bitcoin ETFs …

30 December

MoonPay’s MiCA Approval Marks a New Era for Crypto Payments in Europe

MoonPay, a leading crypto payment gateway, has received approval under the European Union’s Markets in Crypto-Assets (MiCA) regulations, marking a significant milestone for both the company and the broader crypto industry in Europe. This approval sets the stage for MoonPay to expand its services and continue driving the adoption of cryptocurrency in the region. With the MiCA framework designed to …

30 December

From Volcano Bonds to 6,000 BTC: El Salvador’s Crypto Journey Continues

El Salvador, the world’s first country to adopt Bitcoin as legal tender, has reached another significant milestone: accumulating over 6,000 Bitcoin in its national reserves. This achievement highlights the nation’s unwavering commitment to cryptocurrency as a cornerstone of its financial and economic strategy. From the introduction of Bitcoin-backed “Volcano Bonds” to its growing digital wallet adoption, El Salvador’s journey with …

30 December

IRS in the Crosshairs: Blockchain Association’s Legal Fight Over Crypto”

The Blockchain Association has launched a lawsuit against the Internal Revenue Service (IRS), challenging the agency’s recently implemented cryptocurrency regulations. The legal action reflects growing frustration within the crypto industry over what many see as overreaching and unclear rules governing digital assets. This case could have far-reaching implications for the future of crypto taxation and regulation in the United States. …

30 December

ETH Takes the Lead: 75% Long-Term Holders Signal Shift from Bitcoin

Ethereum is experiencing a surge in long-term investor confidence, with 75% of ETH holders projected to hold their assets beyond the one-year mark by the end of 2024. This represents a significant increase in Ethereum’s appeal to long-term investors, outpacing Bitcoin, which is seeing a decline in its percentage of diamond-hand holders. The shift reflects changing investor sentiment and the …

30 December

Hackers Disguise as Recruiters to Target Crypto Wallets with Malware

Cybercriminals are adopting increasingly sophisticated tactics to target unsuspecting cryptocurrency users. In their latest scheme, hackers are impersonating recruiters from reputable organizations to lure victims into downloading malicious software. This malware is designed to steal sensitive information, including private keys and wallet credentials, putting users’ digital assets at risk. The trend highlights the growing need for vigilance in the cryptocurrency …

30 December

Malaysia’s SEC Shuts Down Bybit’s Operations Amid Regulatory Pressure

In a significant move within the cryptocurrency space, Malaysia’s Securities Commission (SC) has ordered Bybit, one of the world’s largest cryptocurrency exchanges, to cease its operations in the country. The decision comes as part of Malaysia’s broader regulatory efforts to ensure that cryptocurrency exchanges operate in full compliance with local laws. The shutdown of Bybit’s Malaysian operations has raised concerns …

30 December

Japan’s Crypto Rules Set for Change: Regulator Calls for New Classifications”

In a move that could reshape the landscape of cryptocurrency regulation, Japan’s financial regulator is calling for a reevaluation and overhaul of its classification system for digital assets. The proposal aims to better define how different types of cryptocurrencies and tokens should be treated, potentially ushering in a new era of regulation that balances innovation with investor protection. This shift …

30 December

Michael Saylor Drops Bitcoin Hint: Big Purchases Expected Before 2024 Ends”

Michael Saylor, the influential Bitcoin advocate and former CEO of MicroStrategy, has hinted at increasing his company’s Bitcoin holdings before the end of 2024. With MicroStrategy already holding over 100,000 BTC, Saylor’s bold move is set to have a significant impact on the market, further cementing his reputation as one of the most prominent figures in the Bitcoin space. A …