Crypto news

Litecoin has had an impressive rally this year, surging by almost 50%. The latest market crash, however, briefly dragged the altcoin below $87. The selling pressure has since subsided as Litecoin currently trades above $107. Underpinning its price trajectory is the strong network growth. Litecoin Network Engagement Soars Litecoin’s network activity has witnessed a notable surge. In fact, data compiled by IntoTheBlock revealed that the average daily active addresses rose to...

During the past few days, the price of XRP went through considerable turbulence, crashing from $2.60 to below $2 at one point. Since December 21st, the cryptocurrency has managed to consolidate above $2.20, where it’s currently trading. While many market experts are debating on whether or not the XRP bull run is over, it appears that the volatility has caused a massive uptick in trading volume, particularly on Binance. According to a CryptoQuant analyst, XRP has become the...

After a 9.8% drop in Bitcoin’s value over the past week, investors are showing signs of caution, worried about the potential for further declines. Despite this, Japan-based Metaplanet has reaffirmed its confidence by buying nearly 620 BTC. Interestingly, the latest acquisition marks its largest Bitcoin purchase to date. Metaplanet’s Largest Single BTC Acquisition According to the company’s official press release, the acquisition, executed as part of its Bitcoin Treasury...

U.S. President-elect Donald Trump has appointed former college football player Bo Hines to the new crypto council. Announced Sunday, Hines will be onboard as the executive director of the Presidential Council of Advisers for Digital Assets. Trump’s Crypto Council The 29-year-old acknowledged the appointment in a December 23 post on X, writing: “Thank you, Mr. President! It will be the honor of a lifetime to serve in your next administration. Thank you for everything you have...

Interpol issued a Red Notice to Richard Schueler for violence and tax fraud. Schueler is facing an SEC lawsuit for $1B in unregistered token offers. Interpol has issued a Red Notice for Richard Schueler, the founder of the cryptocurrency project Hex, who is accused of tax fraud and assault. A Red Notice calls for law enforcement worldwide to locate and provisionally arrest the wanted person, though it is not an international arrest warrant. Schueler, now in Finland, keeps running until he...

Brian Brooks adds extensive crypto and financial expertise to the board. MicroStrategy joined Nasdaq-100, strengthening its Bitcoin-focused approach. MicroStrategy is a business intelligence company focused on Bitcoin and has now added three new members to its board of directors. On December 20, the company appointed Brian Brooks, former CEO of Binance.US, along with Jane Dietze and Gregg Winiarski, to the board. This move aligns with the company’s efforts to establish a strong...

Bo Hines appointed Executive Director of Crypto Council, leading efforts to shape digital asset policies and foster industry growth. In a major development, Elected president Donald Trump has announced the formation of the “Crypto Council.” The new group will play a role in determining policies for the sector of digital assets. On December 22, Trump confirmed the news in a post on Truth Social. David Sacks will work alongside Bo Hines as the newly appointed AI and Crypto Czar. The Crypto...

[PRESS RELEASE – Paris, France, December 23rd, 2024] Usual, the decentralized stablecoin protocol, announces a $10M Series A funding round led by Binance Labs and Kraken Ventures, with participation from Galaxy Ventures, Guy from Ethena, Ondo, Coinbase Ventures, IOSG Ventures, OKX Ventures, Wintermute, Echo, Fasanara Digital, Symbolic Capital, Amber, GSR, Psalion, Hypersphere Ventures, Avid3, FunFair Ventures, Leadblock Partners, Phaedrus, JPEG Trading, White Loop Capital,...

[PRESS RELEASE – San Jose, Costa Rica, December 23rd, 2024] Winna.com, a crypto-focused casino gaming platform launched in the summer of 2024, has successfully raised $15 million in a seed funding round, as first reported by Crunchbase. The investment will support Winna.com in enhancing its product offerings and accelerating its growth. The platform already boasts a thriving community of over 10,000 active players, signaling strong early traction in the competitive online...

SEC penalizes Tai Mo Shan for falsely fixing TerraUSD’s $1 peg. The settlement includes a $123M punishment, emphasizing tougher crypto market oversight. The U.S. Securities and Exchange Commission imposed a $123 million fine on Tai Mo Shan Ltd., a subsidiary of Jump Crypto, for misleading investors about the stability of TerraUSD. This algorithmic stablecoin, issued by Terraform Labs, collapsed in May 2022. It brought about a catastrophic loss of $40 billion in investor assets. According to...