Fed Signals Rattle Crypto, Bitcoin Falls Below $97K
The cryptocurrency market faced significant losses following Federal Reserve Chair Jerome Powell’s remarks on Wednesday. Bitcoin (BTC) fell to $96,493, erasing much of its post-election rally. Altcoins also retraced, with some dipping to levels seen before the November 5 U.S. election results. Powell’s cautious tone rattled investors, signaling that the Fed’s stance on rate cuts […]
Tornado Cash Co-Founder Seeks Charges Dropped
Roman Storm, co-founder of Tornado Cash, is seeking dismissal of charges against him following a key ruling by the Fifth Circuit Court. Storm’s legal team argues that the Treasury’s Office of Foreign Assets Control (OFAC) overstepped by sanctioning immutable smart contracts. The ruling clarified that autonomous software cannot be classified as “property,” as no individual […]
Craig Wright Found in Contempt Over Bitcoin Claims
Craig Wright, the Australian computer scientist who has long falsely claimed to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin, has been found in contempt of court by a London judge. The ruling comes after Wright breached multiple court orders following his defeat in a critical lawsuit brought by the Cryptocurrency Open Patent Alliance (COPA). […]
Donald Trump’s Onchain Footprint Nears $84M in Crypto Revenue
While Donald Trump himself isn’t likely signing transactions on Polygon or Ethereum, his crypto projects are thriving and positioning him as “The First Onchain President.” Analyzing Trump’s NFT collections and his upcoming DeFi platform World Liberty Financial, Trump’s onchain footprint has amassed nearly $84 million in crypto revenue over the past two years. NFT Revenue: […]
Senate Cancels Vote on SEC’s Caroline Crenshaw
The Senate Banking Committee has canceled its scheduled vote on the reappointment of SEC Commissioner Caroline Crenshaw, a notable critic of Bitcoin and other digital assets. The decision, first reported by FOX Business journalist Eleanor Terrett, deals a blow to Crenshaw’s future prospects, as Congress adjourns on December 20. Crenshaw, known for her anti-crypto stance […]
Binance to Delist SUI, HMSTR, BNT, CYBER, and AEUR
Binance has announced the delisting of several tokens from its spot trading pairs, effective December 20, 2024, at 03:00 UTC. The affected tokens include SUI, HMSTR, BNT, CYBER, and AEUR, causing their prices to drop sharply in the aftermath. Binance regularly conducts reviews to ensure listed tokens meet its liquidity and trading volume standards. Tokens […]
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 […]
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