Market News

Crypto.com launches a US trust company to offer digital asset custody services

December 27, 2024 1 min read

Crypto.com has announced a new trust company in the United States that will offer custody services for digital assets. The Crypto.com Custody Trust Company is an important part of the company’s growth plan in North America, focusing on wealthy individuals and institutions in the U.S. and Canada. The platform will safely store digital assets for qualified clients. In the coming weeks, it will move existing assets for U.S. and Canadian

HEX founder Richard Heart faces an Interpol Red Notice over allegations of massive tax fraud

December 24, 2024 1 min read

Richard Heart, who started HEX and is well-known in cryptocurrency, is now dealing with significant legal issues, including an Interpol Red Notice. This notice is about claims of tax evasion of hundreds of millions of euros and a violent attack on a minor. Richard James Schueler, known as Heart, is wanted for extradition by international authorities. Heart insists that the serious accusations are part of a plot against him. He

Mantle Network announces its architectural transition to a zero-knowledge (ZK) validity rollup

December 23, 2024 1 min read

Mantle Network, an Ethereum Layer 2 solution, is making a big change to a zero-knowledge (ZK) validity rollup with help from Succinct, setting a new milestone in the blockchain world. This change in architecture seeks to improve the network’s ability to handle institutional-grade asset settlements, using its modular design and EigenLayer’s EigenDA for data availability. Since its mainnet launch on July 7, 2023, Mantle has rapidly ascended to become a

Injective partners with Sonic to create an AI agents hub

December 23, 2024 1 min read

Injective and Sonic, a game platform using the Solana Virtual Machine (SVM), have teamed up to create the first cross-chain artificial intelligence (AI) agent platform. This new project will use Sonic’s HyperGrid technology to connect the Injective and Solana ecosystems, creating a Smart Agent Hub for developers. The Smart Agent Hub will use the Inter-Blockchain Communication Protocol (IBC) to enable different blockchain networks to work together easily. Injective Labs highlights

Copper Technologies Ltd. withdraws its application to register in the UK

December 23, 2024 1 min read

Copper Technologies Ltd., a well-known crypto custody company in the UK, has chosen to drop its plans to register with the Financial Conduct Authority (FCA). The company, led by former UK Chancellor Philip Hammond, is making a strategic change to grow its international operations with new CEO Amar Kuchinad at the helm, as reported by Bloomberg. Copper started in 2018 and quickly became one of the biggest crypto companies in

Bitwise targets Europe with its new Solana staking ETP

December 19, 2024 1 min read

Bitwise has launched a Solana staking ETP called BSOL in the European Union, as the firm adjusts to regulatory challenges in the United States. BSOL is being introduced while efforts to create a Solana ETF in the US have stalled, as securities laws prevent these products from providing staking rewards. BSOL seeks to draw European investors with annual staking rewards of up to 8%, making it an attractive option compared

Scammers impersonate Ledger in a phishing scam

December 19, 2024 1 min read

Ledger users are dealing with a clever phishing scam that takes advantage of the busy holiday season online. Scammers are pretending to be official Ledger messages to steal users’ recovery phrases, which are important for accessing crypto wallets. A phishing campaign, noted by Bleeping Computer, starts with emails called “Security Alert: Data Breach May Expose Your Recovery Phrase.” These messages wrongly say that a data breach has put users’ recovery

Deutsche Bank unveils a cutting-edge Layer-2 blockchain to tackle compliance challenges

December 18, 2024 1 min read

Deutsche Bank has launched a new Layer-2 blockchain solution called Project Dama 2, designed to address compliance challenges linked to public blockchains in traditional finance. This project is part of the Monetary Authority of Singapore’s (MAS) Project Guardian. It brings together major financial institutions to look into using blockchain technology for asset tokenization. Project Dama 2 improves current public blockchains like Ethereum by prioritizing cost efficiency, security, and following regulations.

EU MP Sarah Knafo urges Europe to embrace Bitcoin and reject the digital euro

December 18, 2024 1 min read

In a passionate speech at the European Parliament, MEP Sarah Knafo voiced her strong disagreement with the European Central Bank’s (ECB) plans for a digital euro, promoting Bitcoin as a better option for Europe. Knafo encouraged European countries to follow El Salvador’s example of adopting Bitcoin as legal tender three years ago, saying that accumulating Bitcoin reserves could strengthen economies in difficult times. Knafo pointed out some benefits of Bitcoin,

Avalanche raises $250 million from Galaxy Digital, Dragonfly and ParaFi Capital

December 16, 2024 1 min read

Avalanche, a layer-1 blockchain platform, has raised $250 million from a token sale to support its new upgrade, Avalanche9000. Major investment firms like Galaxy Digital, Dragonfly, and ParaFi Capital led the fundraising effort, joined by more than 40 other firms including SkyBridge, SCB Limited, and Morgan Creek Digital. Avalanche9000 just launched on a testnet, bringing a financial boost that aims to cut transaction costs and improve application deployment efficiency by

Trump proposes Bitcoin reserve to secure U.S. economic leadership

December 16, 2024 1 min read

Recently, U.S. President-elect Donald Trump shared his positive views on Bitcoin, seeing it as an important asset for keeping America’s economic strength. Trump suggested creating a Bitcoin reserve, similar to the country’s oil reserves, to strengthen the U.S. economy and reduce inflation risks while addressing a virtual audience. The move from careful rules to getting involved in the cryptocurrency market could greatly affect Bitcoin’s value, with estimates saying it might

MicroStrategy may enter the Nasdaq 100 this week

December 15, 2024 1 min read

MicroStrategy is on the verge of potentially joining the Nasdaq 100, possibly replacing Moderna, due to a remarkable surge in its stock driven by substantial investments in Bitcoin. Analysts Eric Balchunas and James Seyffart anticipate that this inclusion could be announced as early as this Friday, with an official listing expected on December 23. This would represent a significant achievement for MicroStrategy, positioning it among the top 100 publicly traded