Crypto News

Rumors suggest the UAE holds $40 billion in Bitcoin

15 hours ago 1 min read

There are recent rumors that the United Arab Emirates (UAE) might have more than $40 billion in Bitcoin, which could make it one of the biggest holders of crypto in the world. A tweet from Changpeng Zhao, the former CEO of Binance, started this speculation. He mentioned an unverified report that says the UAE has gathered about 411,978 BTC. This news has sparked both excitement and doubt in the crypto

Bitcoin hovers around $95K as bulls expect price rebounds

20 hours ago 1 min read

The cryptocurrency market is decreasing, with Bitcoin at the forefront of the drop. After some price increases, altcoins are now seeing a drop as trading volumes go down. The crypto community is staying positive and is now in a ‘buy the dip’ phase, according to recent reports. Bitcoin has dropped for five days, falling 0.72% in the last 24 hours, hitting a low of $93,700. Investors are worried about this

MetaMask users can now stake EOS coins

22 hours ago 1 min read

MetaMask, a popular crypto wallet, has teamed up with the EOS Network, making it easier for users to access the EOS web3 ecosystem. The EOS Wallet Snap makes it easier and safer for MetaMask users to join the EOS blockchain. The Greymass team is working together to let MetaMask users stake EOS coins, set up EOS accounts through Unicove, and use EOS-based decentralized applications (DApps) right from their MetaMask wallet.

Mo Shaikh steps down as CEO of Aptos Labs

22 hours ago 1 min read

Mo Shaikh, co-founder and outgoing CEO of Aptos Labs, has stepped down, marking an important change for the blockchain company he started three years ago with Avery Ching. Shaikh, active in the blockchain sector since 2016, shared his pride in Aptos’ achievements in a sincere message on X. Aptos has grown into a strong ecosystem with more than a thousand builders and innovators from around the world under his leadership.

A US federal judge allows Coinbase to delist WBTC

December 22, 2024 1 min read

A California federal judge has ruled in favor of crypto exchange Coinbase, permitting it to proceed with the delisting of Wrapped Bitcoin (WBTC). Judge Araceli Martínez-Olguín of the US District Court for the Northern District of California made the decision after a legal challenge from BiT Global, a digital asset custodian partly owned by Tron founder Justin Sun. The conflict started in November 2024 when Coinbase said it would remove

Dogecoin drops over 30% from its yearly high of $0.48

December 22, 2024 1 min read

Dogecoin (DOGE) has fallen a lot, going down more than 30% from its yearly high of $0.48 earlier this month. This decline is linked to various negative signs that indicate prices may drop further as the year ends. Technical indicators suggest that DOGE might drop below $0.20. A significant bearish pattern, called a “Death Cross,” has appeared on the DOGE/USD one-day chart. A short-term moving average, like the 50-day, crosses

Tether invests $775 million in Rumble

December 22, 2024 1 min read

Tether, the company behind the USDT stablecoin, has gained attention for investing $775 million in Rumble, a video-sharing platform that emphasizes Bitcoin and cloud services. This plan, shared on December 20, involves a cash investment of $250 million and the option to buy up to 70 million shares at $7.50 each. Even with this investment, Rumble’s CEO, Chris Pavlovski, still controls the company. Tether’s CEO, Paolo Ardoino, pointed out that

BONK memecoin to burn 1 Trillion tokens by Christmas

December 22, 2024 1 min read

Bonk‘s “BURNmas campaign” is in the news for its goal to burn 1 trillion tokens, targeting a price of $0.11, which would mean a huge 328,000% rise from its current value. The recent news about the token being listed on the Robinhood exchange has increased interest, leading to a 30% price jump in just one day. Investor excitement indicates a bright future for the token. The current token burn effort

Michael Saylor proposes a bold Bitcoin reserve strategy to boost the US economy

December 22, 2024 2 mins read

Michael Saylor, Executive Chairman of MicroStrategy, has announced a plan to make the United States a leader in the digital economy by creating a Strategic Bitcoin Reserve (SBR). This plan seeks to boost economic growth, strengthen the US dollar, and create new opportunities in the digital asset market. MicroStrategy is the biggest company owner of Bitcoin, holding 439,000 BTC worth more than $43 billion. Saylor explained in a presentation on

Hawk Tuah investors file a lawsuit against promoters

December 22, 2024 1 min read

Investors in the Hawk Tuah meme coin have filed a lawsuit against its creators and promoters, claiming securities fraud after the token’s sudden drop. The plaintiffs argue that the token was falsely advertised as providing benefits similar to those of shareholders, which violates securities laws. Hailey Welch, who is connected to the project, is not a defendant and will not take part in the legal proceedings. Hawk Tuah started in

The SEC approves the first-ever Bitcoin and Ethereum ETFs

December 22, 2024 1 min read

The U.S. Securities and Exchange Commission (SEC) has approved the first dual Bitcoin and Ethereum Exchange-Traded Funds (ETFs) from Hashdex and Franklin Templeton. This approval is an important step for institutional investors, giving them simpler access to the top two cryptocurrencies with spot-based investment options. The Franklin Templeton Crypto Index ETF and the Hashdex Nasdaq Crypto Index US ETF have both been approved by regulators. Franklin Templeton’s application was processed

German regulators have ordered Worldcoin to delete biometric user data over GDPR violations

December 21, 2024 2 mins read

The Bavarian State Office for Data Protection (BayLDA) has ordered World, formerly known as Worldcoin, to delete biometric data it gathered from users due to violations of the General Data Protection Regulation (GDPR). This order has sparked a legal battle, as World is appealing the decision. BayLDA claims that the World’s practices, especially its iris scans, did not have a strong legal basis and violated GDPR rules. The regulator has