Cryptocurrency news
Solana phone sales skyrocket as degens scramble for pumped-up BONK
At current prices, the free BONK airdrop for Saga owners stands at $877, making it — at least temporarily — a “phone that pays for itself.” Memecoin hopefuls have been snapping Solana’s crypto phone in droves after a recent price hike for Solana memecoin Bonk (BONK), which has r...
Bitcoin to surge to $80K as stablecoins overtake Visa in 2024: Bitwise
Bitwise isn’t alone in its bullishness on stablecoins with Circle CEO Jeremy Allaire predicting the explosive growth of the sector due to a “huge appetite” for digital dollars. Bitcoin is poised to record a new all-time high of $80,000 in 2024, the same year stablecoins are set...
ECB assesses environmental footprint of cash, sees room for improvement
In Europe, the environmental footprint of banknotes is minuscule compared to crypto’s, but crypto has advantages of its own. The European Central Bank (ECB) has taken a look at the environmental impact of using banknotes and discovered 16 environmental impact categories. As with...
IRS tax bill will swipe creditors of any ‘meaningful recovery,' says FTX
FTX Trading said the firm “never earned anything anywhere near the amount” that would justify a $24 billion tax bill. A proposed $24 billion tax bill from the United State IRS will likely suck up any “meaningful recovery” that was meant for victims of FTX, according to the bankr...
Google updates policy to allow ads for US crypto trusts
Google will allow ads for U.S. based-crypto trusts from January, with the change seemingly coming in the same month that spot Bitcoin ETFs are predicted to be approved. Tech giant Google has updated its cryptocurrency-related advertising policy to allow ads about crypto trus...
Binance founder CZ must stay in US until sentencing, judge orders
A federal judge said former Binance CEO Changpeng "CZ" Zhao is a flight risk if he returns to the UAE and must remain in the U.S. while awaiting sentencing. Binance founder Changpeng “CZ” Zhao has been ordered to stay in the United States until his sentencing in February, with a...
VC Roundup: Investors pick games, collectibles and creator economy
Baton, Wormhole, Rokid, Saga, Bazooka Tango, Authentic and Intract are among the latest startups to secure venture capital funding. November strengthened venture capitalists’ confidence in crypto and Web3 projects, with major funding rounds returning to the charts alongside seed...
DEBT Box urges judge to toss suit as SEC got case ‘badly wrong’
The SEC initially misled a court to freeze DEBT Box’s assets, which has since been reversed, and the firm cited the incident as grounds to dismiss the suit. DEBT Box and other defendants in a Securities and Exchange Commission lawsuit want the case tossed after the court found t...
IBM unveils new air-gapped cold storage solution for digital assets
The new system works a lot like a time delay safe for digital assets with a policy engine to broker communications. IBM announced the launch of IBM Hyper Protect Offline Signing Orchestrator (OSO), an air-gapped cold storage solution for digital assets, on Dec. 5. Working with...
El Salvador’s Bitcoin portfolio swings to profit
The country’s Bitcoin investment has returned to profit after a devastating crypto winter. According to a Dec. 4 post by Salvadoran President Nayib Bukele, the country’s cumulative Bitcoin BTC $41,355 investments currently amount to $131 million with a net profit of $3.6 millio...