Author: Judith Faith

Article written by Judith Faith

Dogecoin drops by over 14% as Bitcoin slides $93K

January 8, 2025 1 min read

Dogecoin (DOGE) experienced significant losses, leading to a decline among major cryptocurrencies as Bitcoin (BTC) fell to nearly $93,000. This drop was linked to new economic data that caused U.S. Treasury yields to rise sharply. DOGE dropped by 14%, while other crypto like Solana (SOL), Cardano (ADA), BNB Chain (BNB), and Ethereum (ETH) also saw declines of at least 7%. Bitcoin itself fell by 5.5%. The downturn in the crypto

$75 billion asset manager ProShares files for Bitcoin ETFs

January 6, 2025 1 min read

ProShares, a leading asset manager with over $75 billion in assets, is seeking approval from the SEC to launch three innovative ETFs: the ProShares S&P 500 Bitcoin ETF, ProShares Nasdaq-100 Bitcoin ETF, and ProShares Gold Bitcoin ETF. These funds aim to track the performance of their respective indices and gold, but with a unique twist—they will measure returns in Bitcoin rather than US dollars. This approach is designed to appeal

Telegram now allows conversion of gifts into NFTs on The Open Network

January 5, 2025 1 min read

Toncoin (TON), the cryptocurrency associated with The Open Network (TON), is witnessing increased activity following Telegram’s recent update that allows users to convert digital gifts into tradable NFTs. This feature, part of Telegram’s major update for 2025, enables users to transform over 20 existing gifts—like Jelly Bunny and Santa Hat—into unique NFTs, which can be traded or auctioned within Telegram or on external marketplaces such as Getgems. To create an

Tron’s T3 Unit with Tether and TRM Labs freeze $100 million USDT tied to illicit activities

January 4, 2025 1 min read

Tron’s T3 Financial Crime Unit, established in September, has made significant strides in combating illicit activities within the cryptocurrency space, successfully freezing $100 million in USDT linked to criminal actions. Collaborating with Tether and TRM Labs, the unit employs advanced blockchain intelligence tools to scrutinize over $3 billion in USDT transactions globally, identifying patterns of money laundering, scams, and terrorism financing. Notably, they uncovered $3 million in USDT allegedly associated

Morgan Stanley’s E-Trade considers offering direct crypto trading services

January 4, 2025 1 min read

Morgan Stanley’s E-Trade division is considering introducing direct cryptocurrency trading services, a move that signals a shift in the firm’s strategy towards digital assets. This exploration comes amid expectations of pro-crypto regulatory changes anticipated under Donald Trump’s administration following his recent election victory. Currently, E-Trade provides indirect exposure to cryptocurrencies through investment products, but direct trading would represent a significant evolution in its offerings. Historically, Morgan Stanley has supported Bitcoin,

Celsius files an appeal for the $2B rejection claim against FTX

January 2, 2025 1 min read

Celsius Network has appealed Judge John Dorsey’s decision that rejected its $2 billion claim against the failed crypto exchange FTX. This legal fight is part of the ongoing chaos in the cryptocurrency industry, especially after the bankruptcy of both companies. Celsius claims that false statements from FTX leaders and partners hurt its reputation and finances, leading to its bankruptcy in July 2022. The company says that these public statements hurt

Bybit exchange to halt operations in Malaysia

December 31, 2024 1 min read

Bybit, a digital asset exchange, has been told by Malaysia’s Securities Commission (SC) to stop its operations in the country because it is accused of operating without proper registration. On December 11, the SC ordered Bybit to shut down all its digital platforms, including its website and mobile apps, within 14 working days. The exchange was told to shut down its Malaysian Telegram support group and stop all ads aimed

Cardano founder Charles Hoskinson urges the Cardano Foundation to adopt a membership-based model

December 29, 2024 1 min read

Charles Hoskinson, the founder of Cardano, has criticized the governance structure of the Cardano Foundation, saying it does not involve the community enough. He supports moving to a membership-based organization (MBO) to improve community involvement and tackle ongoing issues in the ecosystem. Hoskinson believes that the current governance model, which doesn’t include members, reduces community involvement and oversight. This has caused tensions and slowed down the blockchain’s growth. On December

France authorities intensify efforts to curb burgeoning crypto scams

December 29, 2024 1 min read

Cryptocurrency popularity in France has led to more financial scams, causing authorities to take urgent steps to protect consumers. The Paris Public Prosecutor’s Office, along with regulatory bodies like the AMF and ACPR, is very concerned about the increase in scams involving fake crypto investments. Recent reports show that victims of fake savings accounts lost about €69,000, while those impacted by fake loans lost around €19,000. Crypto-asset scams have increased

BGB token hits an all-time high of $7.79 as Bitget merges its tokens BGB and BWB

December 28, 2024 1 min read

Bitget has announced that it will combine its two tokens, Bitget Token (BGB) and Bitget Wallet Token (BWB), into one token. This merger, announced on December 26, seeks to improve the connection between Bitget’s exchange and wallet systems, representing an important step forward in the platform’s capabilities. BGB has reached a record high of $7.79, showing strong growth even when the cryptocurrency market is down. The token’s market cap has

FBI confirms North Korea’s TraderTraitor group stole $308M in Bitcoin from DMM Bitcoin

December 26, 2024 1 min read

The FBI has linked the major DMM Bitcoin hack to North Korea’s TraderTraitor hacking group, thought to be connected to the infamous Lazarus Group. A cyberattack in May led to the theft of 4,502 Bitcoin, worth about $308 million, causing the Japanese crypto exchange to collapse and close down. The attack started with clever social engineering tricks targeting Ginco, a Japanese cryptocurrency wallet provider. Hackers pretended to be recruiters on

XRP trading volume hits over $117 million Binance this December

December 25, 2024 1 min read

In December 2024, XRP became the top alternative cryptocurrency traded on the Binance exchange, with a trading volume exceeding $116.6 million on Binance Futures. This increase in activity is significant, particularly since many cryptocurrencies, like Bitcoin, saw price drops at the same time. XRP’s price dropped to $2.13 on December 23, which is a 25% decrease from its high earlier in the month. XRP stayed a top cryptocurrency, even briefly