Ethereum

Coinbase Ethereum layer 2 Base’s daily transaction volume surges 22 times

December 30, 2024 1 min read

Coinbase’s Ethereum Layer 2 network, Base, is becoming an important player in the cryptocurrency world as we near 2025. Base launched in 2023 and has grown significantly in many areas, becoming a platform that is easy to use and affordable for both users and developers. In 2024, Base experienced a significant rise in daily transaction volumes, going from about 415,000 transactions per day in December 2023 to around 9.4 million

Bitwise Asset Management files with the SEC to launch the Bitcoin Standard Corporations ETF

December 30, 2024 1 min read

Bitwise Asset Management has submitted a filing to the SEC for the Bitcoin Standard Corporations ETF, which aims to invest in public companies that possess at least 1,000 Bitcoin in their treasuries. The ETF will focus on equity securities of companies that meet specific criteria, including a minimum market capitalization of $100 million and daily liquidity of at least $1 million, while also maintaining a public float below 10%. Unlike

Leading asset management firm Franklin Templeton launches its DeFi solution on Ethereum

December 29, 2024 1 min read

Franklin Templeton, a well-known asset management firm, has taken important steps in decentralized finance (DeFi) by launching its tokenization project, Benji, on the Ethereum blockchain. This is the company’s fifth platform integration in 2023, after successful launches on Aptos, Avalanche, Arbitrum, and Base. Now, Benji is available on seven platforms, including Stellar and Polygon. Sandy Kaul, the Head of Innovation Strategies at Franklin Templeton, talked in a podcast about how

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

Three major crypto advocacy groups sue the IRS

December 29, 2024 1 min read

Three major cryptocurrency groups—the Blockchain Association, DeFi Education Fund, and Texas Blockchain Council—are suing the Internal Revenue Service (IRS) over its new rules that impact decentralized finance (DeFi) platforms. The groups argue that the IRS has gone too far by labeling DeFi platforms as brokers, which has caused a strong reaction from the crypto community. The IRS has updated its definition of “broker” to include decentralized exchanges and front-end platforms,

SimpleSwap Analysts Unveil 2025 Crypto Market Outlook

December 28, 2024 3 mins read

As the cryptocurrency sector continues its evolution, SimpleSwap, a user-friendly cryptocurrency exchange platform, has shared its market insights for 2025. Analysts from SimpleSwap, Rick S. and Henry B., have provided an overview of anticipated trends that may shape the industry in the coming year. Tokenization of Real-World Assets (RWA) Blockchain technology is poised to play a pivotal role in tokenizing real-world assets (RWA), including stocks, bonds, real estate, and commodities such

Vitalik Buterin donates 88 ETH to adopt viral pygmy hippo Moo Deng

December 27, 2024 1 min read

Vitalik Buterin, co-founder of Ethereum, has gained attention for donating 88 ETH, worth about $292,000, to help Moo Deng, a pygmy hippo at Khao Kheow Open Zoo in Thailand. Moo Deng became popular after her cute photos spread on social media, boosting the zoo’s visitor count and driving sales of merchandise with her image. Buterin expressed his excitement about the donation on X (formerly Twitter), showing pride in helping with

Ethereum ETFs gain $130 million

December 27, 2024 1 min read

Bitcoin exchange-traded funds (ETFs) have seen large withdrawals lately, amounting to almost $1.2 billion in just three days, including a record single-day pull of $680 million on December 19. This is the biggest outflow since Bitcoin ETFs started. Analysts say this trend is mainly due to profit-taking, but some think it might show a bigger change in how investors feel. Before this decline, Bitcoin ETFs saw strong inflows, raising their

Over 15 million South Koreans now invest in crypto

December 26, 2024 1 min read

South Korea has reached an important point in crypto use, with more than 30% of its people now investing in digital assets. By late 2024, there were 15.59 million crypto investors, the highest number ever for the country. This increase shows how important cryptocurrencies are becoming in South Korea’s financial system. In November, daily trading volume for cryptocurrencies reached $10.5 billion, exceeding the total trading activity of the KOSPI and

Rumors of a presidential pardon for FTX’s Sam Bankman-Fried spark outrage

December 24, 2024 1 min read

Sam Bankman-Fried, the ex-CEO of the bankrupt cryptocurrency exchange FTX, is being talked about in relation to a possible presidential pardon after receiving a 25-year sentence for fraud and embezzlement. SBF was convicted in November 2023 on several charges. His case has sparked talks about how political ties can affect court decisions, especially because he donated a lot to the Democratic Party, including $5.2 million to pro-Biden super PACs during

The IRS insists crypto staking rewards are taxable income

December 24, 2024 2 mins read

Joshua Jarrett, a cryptocurrency investor, is in a legal dispute with the IRS over whether staking rewards should be taxed as income. Jarrett, who got a refund on taxes for staking rewards, claims these tokens should be seen as new property instead of immediate income, opposing the IRS in a new lawsuit. This case could greatly affect U.S. crypto investors, especially with increasing regulatory attention. Jarrett is asking for a

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