Crypto news

Sui partners with Ant Digital to tokenize ESG assets, expanding Web3 investment opportunities and accelerating blockchain innovation in renewable energy. Sui, a cutting-edge Layer 1 blockchain, has entered a strategic partnership with Ant Digital Technologies and its Web3 arm, ZAN. The aim is to advance the integration of real-world assets (RWA) into the Web3 ecosystem. This development was disclosed on X Sui’s official X account. Sui will now tokenize ESG real-world assets, allowing...

Riot Platforms boosts its Bitcoin holdings by purchasing 5,117 BTC for $510 million, reflecting growing institutional confidence in Bitcoin. Bitcoin mining company Riot Platforms has made a major acquisition, purchasing 5,117 bitcoins between December 10 and December 12, 2024. The average price of the Bitcoins was $99,669, which led to the total cost of the purchase of about $510 million. Therefore, the overall number of bitcoins Riot has accumulated has risen to 16,728 as of December 12,...

The Federal Court of Australia has imposed an $8 million fine on Bit Trade, the operator of the cryptocurrency exchange Kraken in the country, for offering an unapproved margin lending product to local customers. The penalty follows allegations by the Australian Securities and Investments Commission (ASIC) that the firm violated financial regulations by failing to assess customer suitability for the product. Legal Implications The credit facility, which enabled users to...

Texas man Frank Ahlgren sentenced to two years for crypto tax evasion, ordered to pay $1M restitution to the U.S. Frank Richard Ahlgren III, an early Bitcoin investor from Austin, Texas, has been sentenced to two years in prison for tax evasion. Ahlgren filed false tax returns from 2017 to 2019, underreporting gains from selling over $4 million worth of Bitcoin. These actions resulted in a tax loss of over $1 million. This is the first criminal tax fraud case that was focused on...

San Francisco, California, December 16th, 2024, Chainwire Forte’s Open Source Rules Engine Empowers Web3 Developers with Dynamic On-Chain Compliance and Economic Solutions for Launching and Managing Digital Assets. Forte has officially unveiled and launched the Forte Rules Engine, an open-source solution for developers to build safe, on-chain environments and manage digital asset economies for web3 apps. With the Rules Engine, developers can define and enforce rules, establish transaction...

Frax Finance plans to rebrand its stablecoin as frxUSD. New AI agents and Frax’s technology stack will transform DeFi. Frax Finance lays out its aggressive 2025 Vision Roadmap, looking to position the brand as the decentralized cryptocurrency’s central bank. The decentralized stablecoin protocol is set to introduce a new string of advancements. It plans to enhance tokens, drive blockchain innovation, and release AI agents across its ecosystem. The Frax platform is supporting several...

The crypto market has been on a bullish streak in the last quarter of this year, thanks to Donald Trump’s recent victory in the United States presidential election. American investment management firm VanEck has shared ten predictions that could raise the crypto market’s valuation in the coming year. Bullish Crypto Predictions From VanEck VanEck’s first prediction focused on leading assets that would experience meteoric price growth next year. For example, BTC would attain...

BingX launches CreatorX Program to empower content creators, offering incentives, exposure, and collaboration in the crypto industry. BingX, a leading cryptocurrency exchange, has launched its CreatorX Program to empower content creators. This initiative aims to inspire individuals passionate about blockchain and cryptocurrency. This way, the program will provide structure for incentives, exposure, and collaboration. This will allow creators to succeed in the growing crypto industry. As...

Bank of England watchdog requests firms to disclose crypto disclosures to shape future regulations and ensure financial system stability. The Prudential Regulation Authority (PRA), part of the Bank of England, has taken a significant step to monitor the stability of the financial system concerning cryptocurrencies. On 12 December, the PRA put out a formal notice to organizations asking about their current and planned interactions with cryptoassets up until March 2024. This action is within a...

TL;DR The exchange will increase collateral ratios for six altcoins, including PNUT, starting December 17. The squirrel-themed meme coin surged in value after its initial Binance listing and sparked widespread interest due to its backing from prominent people like Elon Musk. The Involved Assets The world’s leading cryptocurrency exchange will update the collateral ratio for numerous altcoins under Portfolio Margin from December 17. The effort will be completed within...