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Cryptocurrency News

Location American Cryptocurrency News for 28 December 2024
Millions in SOL at Stake: Solana Co-Founder Hit With Fraud Lawsuit by Ex-Wife Stephen Akridge, a co-founder of blockchain platform Solana, faces a lawsuit from his ex-wife, Elisa Rossi, alleging he misappropriated millions in solana (SOL) token profits. Rossi claims Akridge exploited his advanced ...
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IRS DeFi broker rule 'absolutely should be challenged,' says Uniswap CLO Uniswap chief legal officer said the IRS DeFi broker rule "absolutely should be challenged," while a Consensys lawyer argued that the ruling was released on "the last Friday of 2024 in the middle of a holiday stretch on ...
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Cryptoquant CEO: US Strategic Bitcoin Reserve Adoption Unlikely Amid Economic Strength Since Donald Trump was elected the 47th President of the United States, bitcoin advocates have faced skepticism about whether his administration and the forthcoming Congress would introduce a strategic bitcoin reserve. C...
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Trump's Dedollarization Warning Falls Flat as Nigeria, China Renew $2 Billion Currency Swap Deal China and Nigeria have renewed a $2 billion currency swap arrangement for another three years. Trump Tariff Threat China and Nigeria have agreed to renew a $2 billion currency swap arrangement, initially signed in 2018. ...
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El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M

Coin Telegraph - 28 Dec 2024 20:15
El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC.
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Financial Analyst Predicts Massive Debt Crisis for US Economy in 2025 Some individuals believe the U.S. is staring down the barrel of a financial headache in 2025, with a whopping $7 trillion in debt due for renewal, raising alarms about a possible economic meltdown. Financial guru Dr. Jim...
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Ethereum Fades, XRP Climbs, but 2024 Belongs to Bitcoin 2024 has been colossal for bitcoin, and with just a handful of days left in the year, its dominance now stands at 56.8% of the $3.29 trillion crypto economy. Back in January, bitcoin held a lower 50.3% of the market, whi...
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Best Meme Coin to Buy? Wall Street Pepe Presale Hits $36M in Just 3 Weeks Meme coin ICOs are hot right now. Pepe Unchained recently provided 8x gains after holding the biggest ever meme coin presale, but one new project has broken all records and is next to launch. Wall Street Pepe ($WEPE) has...
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What are crypto debit cards: How they work and where to use them Crypto debit cards allow users to spend their cryptocurrency holdings; they work by converting crypto into fiat currency at the point of sale.
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3 major developments that spurred crypto adoption in 2024 The crypto industry witnessed historic milestones in 2024, from MiCA regulations in Europe to Bitcoin adoption in Latin America and the US eyeing a strategic Bitcoin reserve.
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Brazilian Congresswoman Sounds Alarm on Drex CBDC Risks, Rejects Cash Elimination Bill Julia Zanatta, a Brazilian congresswoman, has raised concerns about the effects of implementing drex, the Brazilian CBDC, on the lives of citizens. Zanatta emphasized that drex, if not properly implemented, might lead to...
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AI tokens market cap falls 28% from December $70B peak

Coin Telegraph - 28 Dec 2024 11:00
AI tokens market cap falls 28% from December $70B peak AI cryptocurrencies have dropped nearly 30% in value, but analysts forecast a potential recovery during the 2025 altcoin season.
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Solana Degens Fund Rare Tumor Research With Memecoin A distraught father whose daughter has a rare brain tumor was pleasantly surprised by a multimillion-dollar memecoin gift on Christmas day after starting a campaign to raise money for research into a cure for the disease...
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IRS Doubles Down on Immediate Staking Rewards Tax Stance The U.S. Internal Revenue Service (IRS) has reaffirmed its stance on the immediate taxability of staking rewards, doubling down on a position assumed in 2023 as part of internal guidelines. In a recent filing related to ...
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Michael Saylor Shares Top 60 Bitcoin-Holding Companies--Who's Quietly Stockpiling BTC? Corporations are fueling the bitcoin boom, with top 60 public companies amassing 591,368 BTC—Microstrategy dominating the list with an unrivaled 444,262 bitcoins. Top 60 Bitcoin-Holding Corporations—The Hidden Titans...
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US government will not buy Bitcoin in 2025 -- Galaxy Research Galaxy Research expects US government departments to make "some movement" in 2025 to explore an "expanded Bitcoin reserve policy," but no Bitcoin will be purchased.
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Bitget, Uniswap, FTX Soar to Lead Top Crypto Gainers and Best Wallet Token Could Pump Next The Christmas holiday season has already been eventful for the crypto markets, as Bitcoin and Ethereum have both pulled back from their recent peaks. Despite those bearish moves from the key market leaders, some altcoins...
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Eric Semler: Not Owning Bitcoin Will Be 'Irresponsible' for Public Companies Eric Semler, chairman of Semler Scientific, has predicted that more companies will adopt the bitcoin standard, as not owning bitcoin will be considered “irresponsible.” Semler attributes the slow implementation of bi...
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