Category: crypto

Japanese lawmaker Satoshi Hamada has suggested integrating Bitcoin into Japan’s foreign exchange reserves, citing its potential as a strategic asset amidst global interest in crypto adoption. This proposal comes as Bitcoin surpasses $100,000 in value, with Hamada highlighting the benefits of such a move for Japan’s economy and financial flexibility.

BiT Global has filed a lawsuit against Coinbase for unfairly removing wrapped Bitcoin (WBTC) to promote their in-house product, cbBTC. The lawsuit accuses Coinbase of antitrust violations and using its dominance to eliminate competition. BiT Global aims to restore competition and prevent further centralization of power in the crypto market.

OpenAI has responded to Elon Musk’s lawsuit, highlighting his previous support for the company’s shift to a for-profit structure. Musk, a co-founder, accused the AI company of abandoning its nonprofit roots. OpenAI emphasized Musk’s early involvement in shaping its structure and noted his concerns about operating as a nonprofit before its launch. Musk proposed a…

Solana has surpassed Ethereum as the top choice for new developers, attracting 7,625 new developers in the past year, with 2,000 monthly active developers. Solana’s appeal lies in its efficiency, scalability, and low transaction costs, making it popular for cost-effective applications. Despite Solana’s growth, Ethereum remains the largest blockchain ecosystem overall.

The Cardano Foundation regained control of its official X account after a hacking incident on Dec. 8. The attackers promoted a fraudulent token and spread false claims about legal action from the SEC. Internal disputes within the Foundation were highlighted, including concerns over governance, transparency, and decision-making processes. Hoskinson criticized the Foundation’s opaque decision-making and…

Congressman French Hill, the new chair of the House Financial Services Committee, aims to address regulatory confusion in the crypto industry and boost public market growth. He plans to simplify oversight, standardize rules, and prioritize the Financial Innovation and Technology for the 21st Century Act. Hill is cautious about the idea of a national Bitcoin…

Riot Platforms, a Bitcoin mining company, acquired 5,113 BTC for $510 million, with holdings now at 16,728 BTC. This makes it a top public holder of Bitcoin, surpassing Tesla. The purchase was funded by a $525 million convertible bond issuance. The company may consider allocating mining capacity to AI.

VanEck predicts significant developments in the crypto industry by 2025, including a dual-peaked bull market, US adoption of Bitcoin as a strategic reserve asset, and regulatory clarity driving institutional momentum. Key projections include Bitcoin reaching $180,000, Ethereum hitting $6,000, and DeFi, tokenized securities, and NFT markets experiencing growth.

GateToken, the cryptocurrency of Gate.io exchange, reached an all-time high despite hacking rumors. The exchange dismissed the claims, assuring users of its security. Gate.io’s Chief Business Officer refuted the rumors and promised evidence to counter them. The exchange ranks in the top 20 globally with a large user base and trading volume.

The Eigen Foundation has pledged 1% of its EIGEN token supply to the Protocol Guild, supporting Ethereum Layer-1 research and development. The Guild could receive up to 1.6 million tokens valued at $8 million. The Foundation aims to sustain Ethereum’s core development and decentralized future through this pledge.