Crypto News

Ukraine plans to legalize cryptocurrencies by 2025

December 15, 2024 1 min read

Ukraine plans to legalize cryptocurrencies by early 2025, aiming to create clear rules and taxes without special tax breaks. The new law wants to control digital assets to keep finances stable and reduce risks like tax evasion and money laundering. The draft law, created with feedback from the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF), will tax profits from cryptocurrency when they are converted into fiat

Argentina’s President plans tax cuts and free currency use, including Bitcoin

December 15, 2024 1 min read

Argentina President Javier Milei has announced plans for 2025 to change the country’s financial system by encouraging free currency use and rules that support cryptocurrency. This plan will allow Argentines to make transactions in any currency, including Bitcoin, increasing their financial freedom and flexibility. Milei’s plan includes a big cut in national taxes by 90%, allowing provinces to create their own tax rules. This decentralization seeks to reduce financial stress

CoinShares predicts 2025 will bring major gains for Bitcoin and altcoins under Trump

December 13, 2024 1 min read

CoinShares expects significant growth in the cryptocurrency market by 2025, driven by positive regulatory changes and new technology. The European investment firm’s latest report highlights important trends. These include the possible effects of Donald Trump’s presidency, the growth of companies that yield Bitcoin, and progress in Ethereum and Solana. Analyst Max Shannon believes that a Trump administration might bring regulatory changes that benefit Bitcoin miners and digital assets, making it

Vancouver takes a bold step toward crypto adoption

December 13, 2024 1 min read

Vancouver’s city council is moving forward with plans to include Bitcoin in its financial strategy, guided by Mayor Ken Sim. The proposal suggests creating a Bitcoin reserve and accepting BTC payments for taxes and city fees. This aims to diversify financial reserves and reduce the risks linked to changes in fiat currency value. A feasibility study will be finished by early 2025 to evaluate the possible use of Bitcoin. Mayor

Marathon Digital expands its Bitcoin holdings with a major $1.1B purchase

December 13, 2024 1 min read

Marathon Digital has recently gained attention in the crypto world by buying over 11,000 Bitcoin, which brings its total to more than 40,000. This decision shows the company’s dedication to growing its digital asset collection, following trends seen in other big companies like MicroStrategy and Riot Platforms. Marathon funded the acquisition with a successful offering of zero-coupon convertible notes. This went better than expected and helped them strengthen their position

BlackRock’s Bitcoin ETF surpasses all 50+ European regional ETFs combined

December 13, 2024 1 min read

BlackRock’s Bitcoin ETF, called IBIT, has achieved a major milestone by gathering more assets than all 50+ European regional ETFs put together, even though many of these funds have been around for over 20 years. This fast growth shows that more people in finance are accepting crypto. Since it started in January, IBIT has broken records and now holds almost half of all Bitcoin ETF assets, exceeding the value of

A hacker stole $15.9M from Coinbase Commerce, bypassing AML detection

December 13, 2024 1 min read

A major breach has happened with Coinbase Commerce. A hacker named “Excite” stole $15.9 million by taking advantage of the platform’s Anti-Money Laundering (AML) system. A crypto investigator named ZachXBT uncovered an incident involving more than 1,700 questionable USDC transactions. The stolen money was then cleaned through the Polygon and Ethereum networks. A hacker has been showing off expensive buys online, and social media metadata hints at a possible location

Ripple secures NY approval for RLUSD stablecoin

December 12, 2024 1 min read

Ripple CEO Brad Garlinghouse said that New York State regulators have approved the company’s first stablecoin, RLUSD. This is an important step as Ripple joins the stablecoin market. The New York State Department of Financial Services (NYSDFS) gave this certification to Ripple. This lets Ripple provide a stable digital currency that seeks to lower the volatility linked to its main asset, XRP. This initiative fits with Ripple’s plan to work

Bitget Token (BGB) surges over 36% and recorded a new all-time high of $3.28

December 12, 2024 1 min read

In a changing global cryptocurrency market, Bitget Token (BGB) has stood out, rising by 36% to reach an all-time high of $3.28. This rally happened even though Bitcoin recently dropped to the $96K range, showing BGB’s strength. BGB is trading at $3.24 and has a market cap of $4.53 billion. Its trading volume increased by more than 109% to $468 million in just 24 hours. The token did well because

Russian lawmaker proposes a Bitcoin reserve to enhance financial stability

December 12, 2024 1 min read

Anton Tkachev, a Deputy in the Russian State Duma, has suggested creating a strategic Bitcoin reserve to improve the country’s financial stability. This plan, shown to Finance Minister Anton Siluanov, highlights Bitcoin’s ability to be a strong asset, protected from international sanctions and inflation issues that affect regular currencies like the dollar, euro, and yuan. Tkachev’s proposal comes at a time when Russia is changing how it regulates cryptocurrency. President

Gold advocate Peter Schiff labels Bitcoin a “national security threat”

December 11, 2024 1 min read

Peter Schiff, a well-known supporter of gold and a critic of Bitcoin, has sparked new conversations about cryptocurrency by calling Bitcoin a “national security threat.” In a recent post on X (formerly Twitter), Schiff said that Bitcoin’s misuse and increasing popularity hurt economic efficiency and waste resources. He said that Bitcoin supporters are corrupting government officials. He believes that private investments in Bitcoin are fine, but using public money for

Bitcoin mining firm MARA spends $1.1 billion for 11,774 BTC

December 11, 2024 1 min read

Marathon Digital Holdings (MARA) has grown its cryptocurrency collection by buying 11,774 BTC for $1.1 billion. Now, it holds a total of 40,435 BTC. MicroStrategy, the biggest public holder of Bitcoin, recently announced that it bought 21,550 BTC for $2.1 billion. MARA recently bought something using money from selling zero-coupon convertible notes, as stated in a recent SEC filing. Public companies are increasingly investing in Bitcoin, and MARA has seen