{
}
Circle's USD Coin (USDC) experienced a 78% increase in circulation in 2024, reaching over 500 million users, while Tether (USDT) saw a decline in market cap. USDC's compliance with EU regulations and partnerships with organizations like MoneyGram aim to enhance accessibility and adoption, with Binance collaborating to further promote USDC in the global market.
MicroStrategy has acquired an additional $243 million in Bitcoin, bringing its total holdings to approximately 450,000 BTC, purchased at an average price of $62,691 each. Despite Bitcoin's recent price fluctuations, the company's shares have seen a significant decline, now trading at $328, down 30.65% from their peak in November. The firm continues its aggressive buying strategy, having recently purchased $101 million worth of Bitcoin just a week prior.
The catastrophic collapse of Terraform Labs' ecosystem in May 2022 resulted in a staggering $40 billion loss, primarily due to the failure of its algorithmic stablecoin, TerraUSD (UST), and its sister token, LUNA. Do Kwon, co-founder of Terraform Labs, faces multiple criminal charges, including fraud, and has pleaded not guilty. His trial is set for January 26, 2026, amid ongoing legal battles and civil lawsuits, highlighting the vulnerabilities in the crypto market and the need for regulatory scrutiny.
Bitcoin's price fluctuated around $93,000 following a stronger-than-expected U.S. jobs report, which raised inflation concerns and diminished hopes for imminent interest rate cuts. The labor market's strength, with 256,000 jobs added in December, has led to increased volatility in crypto markets, reflecting a tighter correlation with traditional assets amid shifting economic policies.
Grayscale Investments has restructured its Digital Large Cap Fund, allocating 90% to Bitcoin and Ethereum while replacing Avalanche with Cardano, which has seen a 75% price increase over the past year. Additionally, the GSCPxE Fund now includes Sui, and Grayscale is seeking to convert its Solana Trust into a spot ETF on NYSE Arca to enhance investor access. The firm continues to explore ETF conversions for its funds amid a potentially favorable regulatory environment.
Arthur Hayes, former BitMEX CEO, predicts that the crypto market will peak in mid to late March, followed by a significant correction. He believes that the anticipated "Trump dump" has already occurred and that increased dollar liquidity in early 2025 could create positive momentum for crypto. Hayes encourages risk-takers to invest in decentralized science projects while acknowledging his past prediction inaccuracies.
North Korean hackers have escalated their cyber theft activities, stealing approximately $1.34 billion in 2024, a 102.88% increase from the previous year. This surge includes sophisticated attacks like the $50 million hack of Radiant Capital, where hackers posed as contractors to deliver malware. Experts warn that the collaboration between North Korea and Russia complicates global cyber threats, emphasizing the need for enhanced international cooperation in cryptocurrency tracking and security measures.
The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance Australia Derivatives for misclassifying over 500 retail clients as wholesale investors, depriving them of essential consumer protections. This misclassification exposed clients to high-risk financial products without adequate safeguards, prompting ASIC to seek penalties and corrective measures. The regulator criticized Binance's compliance systems as "woefully inadequate," highlighting the need for proper classification to ensure retail clients receive necessary protections.
Europol, in collaboration with law enforcement from six countries, dismantled an international drug trafficking ring, seizing $26 million in cryptocurrencies and other valuables. The operation, linked to cocaine trafficking, highlighted Bitcoin's continued use among criminals, despite the rise of privacy coins. Authorities emphasized the potential of blockchain technology to aid in combating organized crime, while challenges remain due to the anonymity of crypto transactions.
The Nigerian Economic and Financial Crimes Commission has arrested 792 individuals linked to a massive cryptocurrency romance scam operation, which involved foreign nationals training locals to defraud victims online. This crackdown follows a similar operation in Hong Kong, where 27 people were arrested for a deepfake romance scam that defrauded victims of approximately $46 million. Authorities emphasize that foreign criminals are exploiting Nigeria's reputation to conduct their schemes, but enforcement actions are intensifying to combat these frauds.
Stacy Elliott
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
usdc circulation surges 78 percent in 2024 as tether lags behind
15:01 14.01.2025
MicroStrategy invests 243 million dollars in Bitcoin amid market fluctuations
17:47 13.01.2025
do kwon faces trial in 2026 for terra ecosystem collapse and fraud
Maple Finance USD
USA
MNE
KOR
Stacy Elliott
Ryan Ozawa
Jayendra Jog
Sid Powell
Do Kwon
Mat Di Salvo
Show more
19:37 11.01.2025
bitcoin price fluctuates amid rising inflation concerns and strong job growth
16:35 10.01.2025
grayscale rebalances funds increasing bitcoin and ethereum allocations while adjusting others
Solana USD
NEAR Protocol USD
Grayscale Investments LLC
Avalanche USD
Cardano USD
Synthetix INR
Livepeer USD
Polkadot USD
The Graph USD
Uniswap KRW
Filecoin GBP
NYSE ARCA BIOTECH INDEX
Aave USD
CoinDesk 20 Index
Liz Napolitano
Stacy Elliott
Show more
16:32 09.01.2025
arthur hayes predicts crypto market peak in march followed by correction
15:20 07.01.2025
north korean hackers escalate crypto theft to record levels in 2024
14:32 23.12.2024
ASIC sues Binance for misclassifying retail investors and consumer protection failures
United States Dollar
Australian Dollar
AUS
Sarah Court
Alys Key
Stacy Elliott
Vince Dioquino
Rhys Bollen
Show more
11:19 19.12.2024
Europol seizes 26 million dollars in cryptocurrency from drug traffickers
18:32 18.12.2024
Nigeria arrests nearly 800 in major cryptocurrency romance scam crackdown
Euro
Canadian Dollar
United States Dollar
NGA
Pastor Ola Olukoyede
Ryan S. Gladwin
Stacy Elliott
Show more
16:23 17.12.2024
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Global Trade Developments
Retail and Consumer Goods
Supply Chain Management
Government Economic Policies
Workplace Trends
Industry Mergers & Acquisitions
Stock Market Updates
Fintech Startups
Venture Capital Investments
Financial Scams and Security
Finance Mergers & Acquisitions
CEO Changes
Cryptocurrency Trends
Emerging Startups
Cryptocurrency & Blockchain Regulations
Funding Rounds & Investments
Energy Sector Developments
Countries:
Companies:
Apple Inc.
Google Inc.
Alphabet Inc.
NVIDIA Corporation
Tesla, Inc.
Microsoft Corporation
Amazon.com, Inc.
Delhivery Limited
Ecom Express Ltd.
Foxconn Technology Co., Ltd.
Samsung SDI Co., Ltd.
SWIGGY LIMITED
UWS JP Morgan EM A OSB
Netflix, Inc.
Airbnb, Inc.
Adobe Inc.
GEELY AUTO
TENCENT
CarTrade Tech Limited
Concrete Credit Limited
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
South Korean Won
Algerian Dinar
Vietnamese Đồng
Indonesian Rupiah
Australian Dollar
Egyptian Pound
Saudi Riyal
Swiss Franc
British Pound Sterling
Russian Ruble
Pakistani Rupee
People: