Crypto News

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

Over $2.6 billion in Bitcoin and Ethereum options set to expire

December 21, 2024 1 min read

Today is an important day in the cryptocurrency market, as $2.62 billion in Bitcoin and Ethereum options contracts are about to expire. This situation is expected to cause short-term price changes for both crypto, which have recently gone down. Bitcoin is at the top with $2.02 billion in contracts, and Ethereum is next with $598.99 million. Today, more than 20,700 Bitcoin contracts are expiring, a bit lower than last week.

MicroStrategy may halt Bitcoin purchases in January due to rumored blackout restrictions

December 20, 2024 1 min read

There are increasing thoughts that MicroStrategy might stop buying Bitcoin (BTC) in January because of a possible blackout period linked to issuing shares or convertible debt. Blackout periods are usually set by publicly traded companies to follow rules and keep ethical practices. Reports say that Executive Chairman Michael Saylor might have limits that could make it hard for him to issue convertible debt for Bitcoin purchases right now. Investors are

Arthur Hayes urges Donald Trump to devalue gold and create a Bitcoin reserve

December 20, 2024 1 min read

Arthur Hayes, CEO of BitMEX, has suggested that the United States should lower the value of gold and create a Bitcoin reserve to boost economic growth. Hayes suggests that this strategy might help the U.S. Treasury quickly create dollar credits, which could be used to buy Bitcoin (BTC). He thinks that this action would help the economy and strengthen the U.S.’s position as a global financial leader. The Treasury currently

Crypto.com CEO Kris Marszalek meets Donald Trump to discuss pro-crypto policies

December 19, 2024 1 min read

Kris Marszalek, the CEO of Crypto.com, recently talked with former President Donald Trump at his Mar-a-Lago resort about ways to support pro-cryptocurrency policies. The meeting highlighted the need to choose crypto-friendly people for important government roles and to change the current rules for the cryptocurrency industry. Crypto.com has dropped its lawsuit against the SEC, which it filed after receiving a Wells notice about possible enforcement action. This decision, made on

Bitcoin ETFs in the US surpass gold ETFs in assets

December 19, 2024 2 mins read

Bitcoin spot exchange-traded funds (ETFs) in the United States have now more assets than gold ETFs, showing a big change in what investors prefer. This change comes just a year after Bitcoin ETFs were launched in January 2024, showing that Bitcoin is becoming a popular choice compared to traditional assets like gold, which has been the top option for more than twenty years. Bitcoin spot ETFs have connected the world

Bitcoin drops below $100K, altcoins bleed on Federal Reserve’s cut rate

December 19, 2024 1 min read

The U.S. Federal Reserve has implemented a 25 basis point reduction in its benchmark fed funds rate, bringing it to a range of 4.25%-4.50%. This marks the third consecutive rate cut this year, totaling a 100 basis point decrease since September. While market analysts anticipated this move, recent economic data indicated robust growth and rising inflation, prompting attention to the Fed’s policy statement and Chairman Jerome Powell’s press conference for

Ohio state’s lawmaker announces plans to initiate a Bitcoin Reserve

December 18, 2024 1 min read

With the holiday season coming, the cryptocurrency community is preparing for fun events, like giveaways and talks about what crypto will look like in 2025. Ohio state representative Derek Merrin has introduced HB 703, a bill to create a Bitcoin Reserve for the state. This proposed law, called the “Ohio Bitcoin Reserve Act,” aims to let the state invest in Bitcoin, helping Ohio improve its financial situation. Merrin’s bill would