Category: crypto
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FCA struggles with crypto ads as UK looks to encourage crypto compliance
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…
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Top 10 cryptocurrency rankings on January 1 2025 vs 2024 sees Avalanche replaced by Tron
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.
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X aims for super app status in 2025 with X Money, X TV and deeper AI integration
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…
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Mark Moss on Bitcoin adoption, freedom, and $1M Bitcoin
Mark Moss, an entrepreneur and Bitcoin advocate, explains his views on Bitcoin and the future of the cryptocurrency market. He believes that Bitcoin will disrupt traditional store-of-value assets like gold, equities, bonds, and real estate, and predicts that by 2050, all store-of-value assets will be priced in Bitcoin instead of U.S. dollars. Eric Trump expressed…
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US authorities take custody of Do Kwon, ending months-long extradition process
South Korean co-founder of Terraform Labs, Do Kwon, was extradited from Montenegro to the US after months of legal proceedings. He is set to face charges related to the collapse of the TerraLUNA ecosystem, which wiped out $40 billion from the market. The collapse prompted calls for tighter oversight of digital assets.
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Franklin Templeton predicts rising sovereign, instituional adoption for Bitcoin in 2025
Franklin Templeton predicts that Bitcoin will establish itself as a global financial asset by 2025, with increased adoption by sovereign nations and institutional investors. They also anticipate clearer regulations, the growth of institutional adoption, and the convergence of artificial intelligence and blockchain technology leading to practical utility for crypto assets in the future.
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Swiss chancellery approves proposal to include Bitcoin in national reserves
Switzerland’s Federal Chancellery has approved the “Bitcoin Initiative,” which proposes a constitutional amendment requiring the Swiss National Bank to hold part of its reserves in Bitcoin. The initiative, filed in December 2024, aims to enhance financial resilience and sovereignty. The proposal now moves towards a nationwide referendum, sparking debate in Switzerland.
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Polkadot ecosystem thriving with $210 million treasury amid record transactions in 2024
Polkadot’s Treasury holds $210 million worth of assets, mainly in DOT, stablecoins, and MYTH tokens. Despite a decrease in holdings, the Treasury remains sustainable due to the network’s inflationary mechanism. Polkadot achieved milestones in 2024, including increased transaction volumes and the introduction of trustless bridges for enhanced interoperability. DOT’s price faced challenges amid market volatility.
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Binance Labs eyes 2025 rebranding and expanded investments amid favorable US regulations
Binance Labs has rebranded and expanded its investment strategy for the coming year, focusing on infrastructure and application-focused initiatives in sectors like DeFi, AI, and gaming. The company aims to capitalize on the growth of the crypto sector under a more favorable regulatory landscape in the US, potentially involving founder Changpeng Zhao.
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Coinbase CEO urges X to embrace USDC for payment integration
Coinbase CEO Brian Armstrong is interested in incorporating Circle’s USD Coin (USDC) for payments on X, formerly known as Twitter. This move aligns with X’s ambitions to introduce a payment system and transform the platform into an “everything app.” USDC’s total supply has grown significantly, making it a strategic move for X and the stablecoin.