Category: crypto

The crypto industry is starting the year with $7 billion in tokens set to be unlocked in January. Token unlocks are designed to prevent significant sell-offs, though they often result in short-term price declines. The unlocking schedule includes both one-time “cliff” unlocks and steady “linear” releases, with high-profile projects like Solana and Dogecoin participating.

MiCA, a new regulation in the European Union, is now live, covering stablecoins, token issuances, custody, and exchange services. Companies issuing e-money tokens must comply with strict rules, leading to potential consolidation in the industry. MiCA’s impact is expected to influence global regulations, with a focus on consumer protection and innovation.

Celsius Network filed an appeal contesting a decision that disallowed its $2 billion disparagement claim against FTX. Celsius alleged that FTX’s defamatory statements led to its bankruptcy in 2022. Despite amending the claim to $444 million, the court ruled in favor of FTX, emphasizing procedural deficiencies. This legal battle represents a trend in the crypto…

China has introduced new regulations to monitor and control risky foreign exchange activities, including those involving cryptocurrencies. The rules require banks to track individuals and entities involved in suspicious transactions related to cross-border gambling, underground financial networks, and unauthorized crypto dealings. Legal experts believe this is part of China’s ongoing crackdown on crypto trading. Despite…

The IRS provided temporary relief on crypto cost-basis reporting rules to prevent increased tax liabilities for digital asset investors. This postpones the implementation of a rule mandating FIFO accounting, giving brokers until 2025 to accommodate various accounting methods. Legal challenges have been raised against the IRS’s expanded reporting requirements.

The Syrian Center for Economic Research has proposed integrating Bitcoin into Syria’s financial system, aiming to digitize the Lira and stabilize the economy. Challenges include recovery from conflict, limited infrastructure, and minimal crypto adoption. Critics fear it could be used to evade sanctions, but SCER emphasizes a focus on economic recovery and innovation.

Vitalik Buterin donated 50 ETH to support Tornado Cash developer Roman Storm’s legal defense fund. Storm expressed gratitude for Buterin’s support during a challenging time. Storm’s legal team argues that recent court rulings question the basis of the charges against him. Community members have shown support for Storm’s case.

The UK faces challenges in regulating crypto advertising, with the FCA issuing alerts against misleading ads. The regulator focuses on social media influencers promoting risky schemes, with criminal charges against nine individuals. Former FCA chair emphasizes the need for more enforcement. The UK is preparing a new crypto regulatory framework for 2025 to address oversight…

The crypto market ended 2024 with a valuation of $3.26 trillion, influenced by Bitcoin spot ETF approval, the US election, and evolving regulation. In 2025, Bitcoin surpassed $100,000, Ethereum traded near $3,300, and the top 10 coins saw some changes. Price predictions for 2025 suggest a Bitcoin peak of $180,000 to $200,000.

X, formerly known as Twitter, is planning to blend finance, artificial intelligence, and social media in its ecosystem in 2025. CEO Linda Yaccarino teased upcoming features like X Money, X TV, and the integration of the Grok AI chatbot. The company’s evolution under Elon Musk’s ownership includes plans for a peer-to-peer payment system and potential…