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Solana (SOL) demonstrated resilience during a bearish December, achieving over $100 billion in decentralized exchange (DEX) trading volume for the second consecutive month. With a $107.865 billion in monthly DEX volume (as of Dec. 27), Solana outpaced its competitors in December,…
The governments of Japan and Russia have ruled out creating national Bitcoin (BTC) reserves in the near future. Both said they would prefer to see how other countries – such as the USA – develop Bitcoin reserves before taking action. In…
Kyrgyzstan, a Central Asian country known for its crypto mining industry, has experienced a serious decline in mining tax revenue, with the government collecting 50% less in 2024 compared to the previous year, according to a local report. In its latest…
Cryptocurrency exchange Bitget has published a new whitepaper for its native token, Bitget Token (BGB), detailing plans to burn 800 million BGB tokens, worth over $5 billion at current market value. The core Bitget team will start with burning BGB –…
A detailed report by blockchain security firm SlowMist reveals that a sophisticated phishing attack disguised as a fake Zoom meeting link has stolen crypto assets worth millions. The scam, first identified on November 14, 2024, targets users by distributing malicious software…
The National Bank of Cambodia (NBC) has permitted commercial banks and payment institutions to offer services involving Category 1 crypto assets, such as backed or stable cryptocurrencies. This marks the first time the NBC has approved such services, as outlined in…
According to a report by Web3 security firm Cyvers, publicized through Nairametrics, pig butchering scams emerged as the most significant threat to crypto users in 2024, accounting for $3.6 billion in losses. This type of long-term fraud, which involves scammers grooming…
MicroStrategy founder Michael Saylor has expressed strong support for President-elect Donald Trump’s proposal to establish a strategic Bitcoin reserve. Detailed in his “Digital Assets Framework” policy published Friday, the proposal outlines a roadmap for the United States to foster growth in…
Strive, an asset management firm founded by Vivek Ramaswamy, has filed with U.S. regulators to launch an exchange-traded fund (ETF) aimed at investing in Bitcoin-linked convertible bonds. According to a December 26 filing, the proposed Strive Bitcoin Bond ETF will target…
Tether, the issuer of the world’s leading stablecoin USDT, has made its first foray into venture capital by investing $2 million in Arcanum Capital’s Arcanum Emerging Technologies Fund II. The fund is a tokenized investment vehicle focused on supporting decentralized Web3…
The Cardano (ADA) price was under pressure on Boxing Day, declining over 6%, with technical analysis suggestive that further downside could be in store in the days ahead. ADA, last around $0.86, remains stuck in a downtrend from its early December…
Ryan Salame, a former executive of the now-defunct FTX cryptocurrency exchange, had one year shaved off his prison sentence, as first reported by Business Insider on Thursday. Former FTX executive Ryan Salame has prison release date moved up by more than…