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Breaking Bitcoin and crypto news and stories from around the world

Legal

Montenegro Extradites Do Kwon to the US Amid Cryptocurrency Fraud Allegations

BREAKING: Montenegro has decided to extradite the infamous South Korean cryptocurrency entrepreneur Do Kwon to the United States. This decision was officially announced by the Montenegrin Justice Ministry on Friday, December 27, 2024, highlighting a significant chapter in the saga of Terraform Labs' collapse. Do Kwon, once celebrated as

Crypto

Top 10 Bitcoin and Crypto Influencers 2024: Shaping The Future and Political Landscape

In the rapidly evolving world of cryptocurrency, the impact of influential figures cannot be overstated. These individuals not only shape public perception but also drive the technological and regulatory narrative of digital currencies. As we traversed through 2024, a year marked by significant political and economic shifts, a select group

Crypto

U.S. Congress Expected to Prioritize Crypto Legislation in 2025

As we step into 2025, the landscape of cryptocurrency legislation in the United States is poised for significant transformation. With a new Congress and the pro-crypto stance of President-elect Donald Trump, the environment seems ripe for legislative advancements that could redefine the regulatory framework for digital assets. The House Financial

Crypto

Report Reveals One Third of South Korea Now Holds Cryptocurrency

The crypto fever in South Korea has reached extraordinary levels, with a staggering one in three citizens now holding digital currencies. This surge reflects a broader trend of increasing acceptance and enthusiasm for cryptocurrencies, propelled by recent political developments and a general optimism in the market. The Bank of Korea

Bitcoin

Russia Says It Uses Bitcoin for International Payments Amid Western Sanctions

In a strategic pivot to navigate around Western sanctions, Russian companies are increasingly turning to Bitcoin and other digital currencies for their international transactions. This shift comes in the wake of legislative changes that now permit the use of cryptocurrencies in foreign trade, a move highlighted by Finance Minister Anton

Hack

X-Mas Day Massacre: Hacker Steals $500,000 in Crypto using Compromised X Accounts

A new report has surfaced on Christmas Day detailing one of the more audacious scams to hit the crypto community. A hacker, with a cunning strategy, managed to pilfer around $500,000 through a sophisticated series of meme coin scams, leveraging compromised accounts on the social media platform X (formerly

Bitcoin

The Price of Bitcoin on Christmas Day Since it Started

Since its inception in 2009, Bitcoin has transformed from an obscure digital experiment to a financial juggernaut, a journey vividly illustrated by its price on Christmas Day each year. The story of Bitcoin's price trajectory is not just a tale of numbers but a testament to the growing

Bitcoin

Bitcoin Surges to Near $100K on Christmas Eve Rally

The crypto market has been buzzing this Christmas Eve with Bitcoin, the world's leading digital currency, making a significant leap back towards the $100,000 mark. As the festive spirit spreads across the globe, Bitcoin has not been left out, jumping to an impressive $98,703 according to

Payments

MoonPay Eyes Historic $150M Acquisition of Helio Pay

In the fast-paced world of crypto, MoonPay is potentially on the cusp of making its most significant acquisition to date, signaling a bold move into the e-commerce payment sector. The company, known for simplifying crypto transactions, is currently in discussions to purchase Helio Pay, a platform that facilitates cryptocurrency payments

Prediction Markets

Crypto.com Takes On Polymarket Prediction Market with Sports Betting

Crypto.com is making headlines by expanding its services into the realm of sports prediction markets, a move that echoes the success seen by platforms like Polymarket during high-stakes events such as the U.S. presidential elections. The company has launched "Sports Event Trading," a feature that invites

Bitcoin

2024 Recap: Bitcoin's Triumphs From Halvings to ETFs

In the whirlwind of 2024, Bitcoin and the broader cryptocurrency market experienced some of the most transformative moments in their history, setting new precedents for what's possible in the digital finance space. The year was marked by significant regulatory shifts, market highs, and a pivotal influence on global

Crypto

Crypto Wallet Scam Discovered in YouTube Comments

Scammers have once again raised the stakes by exploiting one of the internet's most popular platforms, YouTube. Kaspersky, the well-known Russian cybersecurity firm, recently highlighted a sophisticated scam targeting cryptocurrency enthusiasts through the comments section of finance-related videos. The scam begins innocuously enough with comments appearing to be

Crypto

IRS Declares Crypto Staking Taxable Amid Legal Battle

A new twist has emerged that could significantly impact crypto investors – the Internal Revenue Service (IRS) has officially declared that staking cryptocurrency is a taxable event. This ruling comes at a time when the crypto market is soaring, with Bitcoin recently breaching the $100,000 mark for the first time,

Blockchain

Nokia's Strategic Leap into Blockchain Security with New Encryption Patent

Nokia, traditionally known for its prowess in telecommunications, has recently filed a patent that signals its ambitious move into the realm of blockchain security. This patent outlines a system designed to encrypt digital assets, thereby enhancing their security within user devices. The patent claims detail a sophisticated mechanism where digital

Stablecoin

Elon Musk's SpaceX Uses Stablecoins to Bypass Forex Risks

In the latest episode of the All-In podcast, Silicon Valley's own Chamath Palihapitiya shared an intriguing insight into how Elon Musk's SpaceX manages its financial operations, particularly when dealing with international transactions. SpaceX, through its Starlink services, has adopted a modern approach by leveraging stablecoins to

Bitcoin

Trump Picks Bitcoin Advocate Stephen Miran for Chief Economic Role

President-elect Donald Trump has made a strategic move by selecting Stephen Miran, a known advocate for Bitcoin and cryptocurrency, to head his Council of Economic Advisers. This decision underscores Trump's commitment to innovative economic policies that could potentially integrate digital currencies into the mainstream financial system. Miran, who

Legal

HEX Price Plummets Following Founder Richard Heart's Most Wanted List Status

The flamboyant person behind the Hex cryptocurrency, Richard Heart, has been added to Europe's Most Wanted Fugitive list. This news has led to a dramatic slump in the value of Hex (HEX). Heart, who has been a controversial figure in the crypto space due to his aggressive marketing

Zano

Zano Bazaar Developer Teases Exciting January Launch of Privacy-Focused Marketplace

In this day and age, privacy is not just a luxury but a necessity. As we navigate through a digital landscape filled with surveillance and data breaches, the concept of private financial transactions has become paramount in preserving our personal freedom and liberty. This is where Zano Bazaar steps in,

Legal

Richard Heart Now Europe’s Most Wanted Fugitive for Fraud and Assault

BREAKING NEWS: In a shocking turn of events, Richard James Schueler, better known by his alias Richard Heart, has been officially added to Europe's Most Wanted Fugitive list. Born on October 9, 1979, in the United States, Schueler, now aged 45, finds himself at the center of a

Bitcoin Mining

Chinese Car Dealership Cango Makes $256 Million Investment into Bitcoin Mining

In a bold move that underscores the shifting corporate strategy, Shanghai's own Cango Inc., traditionally known for its automotive transactions, has plunged into the murky, yet lucrative waters of Bitcoin mining with a hefty investment of $256 million. Cango's Strategic Shift into Cryptocurrency The company has

Bitcoin Mining

Marathon Digital Turns Bitcoin Mining Heat into Warmth for 80,000 Finnish Homes

In a fascinating experiment, Marathon Digital Holdings has managed to turn the heat from Bitcoin mining into a resource that warms the homes of 80,000 residents in Finland. This innovative approach not only redefines what we think about Bitcoin mining but also showcases how such operations can contribute positively

Crypto

Tether Invests $775 Million into Video Platform Rumble

Tether, the company behind the USDT stablecoin, has dug deep into its treasure trove, investing a staggering $775 million into Rumble. This investment isn't just a financial injection; it's a statement of confidence in the intersection of crypto and free speech. The announcement came at a

Bitcoin

Michael Saylor Proposes Game-Changing Digital Assets Strategy for U.S. Economic Leadership

Michael Saylor, a well-known advocate for Bitcoin published a comprehensive framework designed to integrate digital assets into the fabric of U.S. financial markets. This document, titled "Digital Assets Framework, Principles, and Opportunity for the United States," is not just a policy proposal; it's a vision

Crypto

CoinDesk Fires Top Editors Amid Justin Sun Controversy

CoinDesk, a leading news outlet in the Bitcoin and crypto space, has fired three of its top editors. This decision comes on the heels of a contentious incident involving an article about Tron founder Justin Sun and his $6.2 million banana art stunt, raising serious questions about editorial independence

Ethereum

Trump's World Liberty Buys The Dip During Ethereum Price Slump

In a strategic move that underscores the volatile nature of cryptocurrency markets, World Liberty, a project tied to the Donald Trump family, has made a significant Ethereum purchase amidst a recent dip in the crypto market. The organization capitalized on the downward trend, investing a hefty $2.5 million in