Author: Mahamat Ashraf

Article written by Mahamat Ashraf

Justin Sun announces Tron’s USDD 2.0 stablecoin with 20% APY

January 17, 2025 1 min read

Justin Sun has announced the launch of USDD 2.0, a new version of Tron’s stablecoin, offering a 20% annual percentage yield (APY). Tron will fully subsidize this yield, and Sun claims the company has enough funds to support it. However, the community is skeptical due to the issues faced by USDD 1.0. USDD 1.0 was launched in 2022 with a 30% APY, which was later reduced due to market instability.

MicroStrategy just acquires 2,530 BTC for $243 million

January 14, 2025 1 min read

MicroStrategy just acquired 2,530 BTC for $243 million MicroStrategy recently filed an 8-K form with the SEC, revealing it paid an average of $95,972 for each Bitcoin in its latest investment. Currently, Bitcoin is valued at $91,777, indicating a loss of about 4.4% on this investment. The company holds around 450,000 BTC, purchased at an average price of $62,691, totaling about $28.2 billion. This amount is over 45.5% lower than

Russia seizes 2,718 Bitcoin worth $10 million from ex-ICRF official

January 11, 2025 1 min read

Russian authorities have confiscated about $10 million in Bitcoin from Marat Tambiev, a former employee of the Investigative Committee of the Russian Federation (ICRF). The seizure included 103 Bitcoin stored in a Ledger Nano X hardware wallet. This event highlights Russia’s approach to digital assets in legal matters. Tambiev’s case is linked to the largest bribery scandal in Russian history, involving a bribe of 2,718 BTC, valued at approximately $258

Coinbase wins court approval to appeal key legal questions in its SEC battle

January 9, 2025 2 mins read

Coinbase has achieved a major legal win against the SEC, receiving permission to appeal crucial legal questions to a higher court. On January 7, District Judge Katherine Polk Failla paused the case, allowing Coinbase to clarify whether certain digital assets on its platform are considered securities and if these transactions require an investment contract under the Howey test. The appeal centers on Coinbase’s claim that the tokens listed on its

Ethereum co-founder Vitalik Buterin warns that superintelligent AI could arrive within years

January 6, 2025 1 min read

Vitalik Buterin, co-founder of Ethereum, has raised alarms regarding the swift evolution of artificial intelligence (AI), suggesting that superintelligent AI could emerge sooner than anticipated. In a blog post dated January 5, he advocates for “defensive acceleration” strategies to mitigate potential risks associated with AI, particularly in military contexts. Buterin emphasizes the importance of decentralized AI systems that remain closely linked to human decision-making to prevent misuse, especially given the

Metaplanet wants to increase its Bitcoin holding from 1,762 to 10,000 BTC by 2025

January 6, 2025 1 min read

Metaplanet, a Japan-based venture capital firm, is on a mission to significantly increase its Bitcoin holdings from 1,762 to 10,000 BTC by 2025, as analysts anticipate a bullish trend that could elevate Bitcoin’s price to over $200,000. Following the investment strategies of MicroStrategy, Metaplanet has made 19 purchases totaling approximately $173.4 million. CEO Simon Gerovich emphasized the firm’s commitment to utilizing effective capital market tools to achieve this goal while

Crypto whale purchases $6 million worth of Peanut the Squirrel

January 5, 2025 1 min read

Peanut the Squirrel (PNUT), a memecoin, has recently experienced significant whale accumulation, with a single investor purchasing 10 million PNUT tokens from Binance for over $6 million. This acquisition has positioned the whale to hold 1% of the total supply of PNUT. Following this event, the price of PNUT rebounded from a short-term support level of $0.6, witnessing a 20% increase within 24 hours. Despite this surge, the token has

PENGU surges by 14% with strong trading volume

January 5, 2025 1 min read

The global cryptocurrency market has seen a slight increase in market capitalization, rising by 0.50% to reach $3.5 trillion, despite a significant drop in overall market volume, which fell by 29.19% to $88.22 billion. Among the notable performers is Pudgy Penguins (PENGU), which has demonstrated a robust recovery following a recent dip. Currently trading at $0.04111, PENGU has experienced a 13.12% increase in the last 24 hours, with a market

AI16Z’s market cap surges past $2 billion, rising over 420% in just 30 days

January 4, 2025 1 min read

AI16Z, a memecoin on the Solana blockchain, has recently garnered significant attention due to its impressive performance, boasting a market cap exceeding $2 billion after a remarkable 430% increase in just 30 days. This surge has sparked speculation about its potential to compete with established tokens like Dogecoin. A notable transaction involved a trader who sold 2.27 million AI16Z tokens for $4.77 million, realizing a staggering profit of $4.47 million,

Jordan approves a 2025 Blockchain Policy to modernize government services

January 2, 2025 1 min read

Jordan has recently approved its 2025 Blockchain Technology Policy, aimed at modernizing government operations, enhancing service delivery, and reducing costs. The policy prioritizes data security, privacy, and transparency, intending to bolster public trust in government services. By integrating blockchain technology into public administration, Jordan seeks to streamline processes, cut operational costs, and improve efficiency for both citizens and businesses. This initiative is part of a broader economic modernization strategy designed

Syria plans to legalize Bitcoin and digitize its currency to stabilize its war-torn economy

January 2, 2025 1 min read

Syria is contemplating the legalization of Bitcoin and the digitization of the Syrian pound as part of a strategic initiative to rejuvenate its struggling economy and attract foreign investments. Proposed by the Syrian Center for Economic Research (SCER), this plan aims to combat economic instability, rampant inflation, and financial exclusion through the adoption of blockchain technology and cryptocurrencies. The country has faced a severe economic downturn, with a reported 60%

Only 54% of illegal crypto ads in the UK were removed in 2024 despite FCA’s crackdown

January 2, 2025 1 min read

Illegal cryptocurrency advertisements are proliferating in the UK, despite the Financial Conduct Authority (FCA) implementing stricter regulations in June 2023. Between October 2023 and October 2024, the FCA issued 1,702 requests to remove unlawful crypto ads, yet only 54% were acted upon, leaving a significant number of promotions unaddressed. The FCA’s guidelines stipulate that only promotions authorized by the FCA are permissible, with non-compliance potentially leading to severe penalties, including