Tag Archives: News

In a world drowning in chaos, where innocence is traded for cynicism and compassion is often weaponized against itself, the story of P’Nut the Squirrel—a creature so small yet so profound—has emerged as a narrative that refuses to be ignored. What if, hidden in the extraordinary simplicity of this squirrel’s life and untimely death, lies the evidence of a truth too staggering to comprehend? What if P’Nut was more than just a beloved pet? What if P’Nut was Jesus Christ’s second coming? It’s an...

Sheila Warren steps down as CEO of CCI, transitioning to President and Senior Global Policy Advisor, while Ji becomes CEO. Sheila Warren, the current CEO of the Crypto Council for Innovation (CCI), will step down from her position in January after leading the organization for three years. Her leadership was at a time when the cryptocurrency industry was facing major challenges. These include major crashes and increased regulatory actions. Also, giants such as FTX rose and fell, making the...

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,...

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...

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...

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...

OKX launches Alpha Traders, an invite-only community for on-chain influencers, driving product development and community growth through direct feedback. OKX has introduced ‘Alpha Traders,’ a new invite-only community aimed at influential on-chain traders. This initiative places active traders at the center of OKX Wallet’s product development. It allows Web3 voices to have a continuous open dialogue with the product and growth teams at OKX. Members of ‘Alpha Traders’ are involved in the...

OKX Ventures invests $5 million in TON Ventures to support blockchain growth, enhance developer networks, and drive mass blockchain adoption. OKX Ventures, the investment branch of OKX, has committed $5 million to TON Ventures. This fund is dedicated to boosting growth within The Open Network (TON) blockchain ecosystem. The move aims to build a strong network of skilled developers to set technical standards for TON projects. This is a strategic direction in line with the OKX Ventures $10...

VERO Labs will launch a custom L1 blockchain on Avalanche to support creators, empower fan engagement, and unlock new revenue opportunities. VERO Labs, the social technology firm behind the ad-free social network VERO, has announced its plan to launch a custom Layer 1 (L1) blockchain on the Avalanche network. According to the press release, this development will be unveiled during Abu Dhabi Finance Week. It seeks to take advantage of the many-trillion-dollar fan-based asset economy. It also...