Day: December 17, 2024

EU Lawmaker Calls for Strategic Bitcoin Reserve

Sarah Knafo, a European Parliament member and French magistrate, has called on the European Union to establish a strategic Bitcoin reserve while opposing the rollout of the digital euro, the European Central Bank’s (ECB) proposed central bank digital currency (CBDC). In a passionate speech delivered before the European Parliament, Knafo emphasized the need to shift […]

Binance Faces Legal Action Over PNUT Memecoin

Crypto exchange Binance is under fire after receiving a cease and desist letter from Mark Longo, owner of the internet-famous Peanut the Squirrel, for alleged copyright infringement. Following the news, the Solana-based memecoin PNUT saw a sharp decline, falling 10.2% to hit $1.05, its lowest support level in over a month. Longo, known as “Peanut’s […]

Stablecoins in 2025: Key Trends and Predictions

The stablecoin market in 2024 continued its steady expansion, setting records despite challenges. Leading issuers Tether (USDT) and Circle (USDC) maintained dominance, while experiments with non-USD stablecoins, such as euro-backed options, remained niche with minimal adoption. Notable developments in 2024: However, lingering distrust from past collapses, such as the TerraUSD (UST) failure in 2022, has […]

Hedera Partners with Chainlink for DeFi and RWA

Hedera has announced a strategic partnership with Chainlink, aiming to integrate decentralized oracle solutions to bolster its DeFi applications and drive real-world asset (RWA) tokenization. This collaboration will see Chainlink’s Data Feeds and Proof of Reserve (PoR) integrated into the Hedera ecosystem, enabling developers to access accurate, tamper-proof market data. The partnership comes as part […]

FTX Names BitGo and Kraken as Bankruptcy Payout Partners

FTX has officially announced BitGo and Kraken as its distribution partners for bankruptcy payouts. The now Court-approved Chapter 11 Plan of Reorganization will take effect on January 3, 2025, marking the initial distribution record date for claim holders. FTX customers and creditors will receive their first payouts within 60 days following this date. However, distributions […]

SEC Issues Wells Notice to NFT Gaming Project CyberKongz

The U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to NFT gaming project CyberKongz, signaling the latest regulatory scrutiny targeting blockchain gaming entities. In a statement posted on X Monday, CyberKongz revealed the SEC’s concerns: Implications of the Wells Notice A Wells Notice serves as a formal warning from the SEC, indicating […]