A potential Trump executive order making Bitcoin a US reserve asset might drive a $20 billion BTC purchase in 2025. President-elect Donald Trump will likely issue an executive order on his first day in office to designate Bitcoin as a United States reserve asset, according to Jack Mallers, founder and CEO of Strike. A 200K…
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A crypto analyst warns that Bitcoin’s price could face volatility if the highly anticipated United States Bitcoin Strategic Reserve bill gets passed. A crypto analyst has warned that if approved, Senator Lummis’ proposal for the United States government to acquire 5% of Bitcoin’s supply could cause increased price volatility in the short term. “I expect…
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Despite having no intrinsic value, memecoins have created many new millionaires among crypto investors. A cryptocurrency trader has reportedly turned a $27 investment in the Pepe memecoin into an extraordinary $52 million profit, according to blockchain analytics firm Lookonchain. An unknown Pepe trader bagged the life-changing profits, crypto intelligence firm Lookonchain revealed in a Dec. 14 X post.…
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The FIT21 market structure bill passed the House of Representatives in May 2024 with bipartisan support by a 278-136 margin. United States representative French Hill recently appeared on CNBC and said that the US desperately needs a crypto market structure bill, which he described as a “top priority” for the Republican Party. According to Representative…
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Security researchers claimed that the vulnerability could have been used to crash the entire Dogecoin network. A hacker exploited a critical vulnerability in the Dogecoin network, causing 69% of its nodes to crash. On Dec. 12, Andreas Kohl, co-founder of Bitcoin sidechain Sequentia, claimed that he had crashed 69% of the Dogecoin network. Kohl said he used…
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A Texas Bitcoin investor faces two years in prison for failing to report over $4 million in cryptocurrency gains, setting a legal precedent. An early Bitcoin investor from Austin, Texas, became the first person criminally charged for failing to report crypto capital gains in a case involving about $4 million worth of cryptocurrencies. According to…
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BiT Global is suing Coinbase for $1 billion, claiming unfair practices after it delisted wBTC to promote its own competing product, cbBTC. Crypto exchange Coinbase is being sued for over $1 billion by BiT Global Digital Limited, which is accusing the company of harming the market for Wrapped Bitcoin after a November decision to delist…
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Ethereum still has the crown for total developer activity, topping the charts across every continent around the world. New developers flocked to the Solana ecosystem this year, overthrowing Ethereum’s eight-year reign as the top ecosystem for new developers. However, Ethereum is still number one globally in total developer activity. According to a Dec. 12 report from Electric…
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Trump’s team is asking whether the president-elect could nix financial industry regulators or combine them together, according to a Wall Street Journal report. Donald Trump’s transition team is reportedly exploring whether the incoming president’s administration can slim down, lump together, or even cut banking regulators. President-elect Trump’s advisers from the partly Elon Musk-led Department of Government Efficiency have asked…
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Institutional investors have played a large role in Binance’s $24.2 billion net inflows so far in 2024. Cryptocurrency exchange Binance racked up over $24 billion in inflows from user deposits so far in 2024, according to data from DefiLlama. In a blog where Binance said its inflows were higher than 10 exchanges combined, Binance said the “growth…
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