Category: crypto

El Salvador plans to continue increasing its Bitcoin purchases despite a recent deal with the IMF. Bitcoin will remain legal tender alongside the US dollar, with the government adding to its reserves. Efforts are being made to integrate Bitcoin into financial and educational systems, with plans for Bitcoin workbooks in schools and a certification program…

Investors are suing the creators of the memecoin “Hawk Tuah,” linked to internet star Haliey Welch, for allegedly causing financial losses due to an unregistered security and sharp price collapse. The lawsuit claims the creators exploited Welch’s fame to market the token as an investment, resulting in significant losses for investors.

The Bavarian State Office for Data Protection Supervision has ordered Worldcoin to implement stricter privacy measures and a GDPR-compliant data deletion process within one month. The investigation focused on Worldcoin’s use of iris-derived biometric data to create digital identities. Regulatory challenges exist due to the company’s global operations and concerns over compliance with local laws.

Hedera HBAR’s current price is $0.27011, showing a 1.39% increase in the last 24 hours. The platform utilizes hashgraph technology to enable secure collaboration and transactions among individuals who do not have a trusted relationship, eliminating the need for a middleman.

President Donald Trump is facing a potential government shutdown after a power struggle with Elon Musk over a spending deal. Musk, dubbed “President Elon Musk,” has challenged Trump’s authority before his return to the White House. The behind-the-scenes conflict highlights the influence of the tech titan in politics.

The US authorities rejected Sam Bankman-Fried’s appeal to overturn his conviction and sentencing related to the bankrupt FTX collapse. The government found no merit in his claims of judicial bias and procedural missteps, maintaining that the original trial was fair and lawful. Bankman-Fried’s request for a retrial was denied.

Crypto thefts reached $2.2 billion in 2024, a 21% increase from the previous year, with North Korean-linked cybercriminal groups being a major contributor. Centralized exchanges were targeted more than DeFi platforms, with private key compromises being a significant vulnerability. North Korean hackers stole $1.34 billion in 47 attacks in 2024.

In 2024, institutional players purchased a significant amount of Bitcoin, with spot ETFs and public-listed companies like MicroStrategy leading the way. US-traded spot Bitcoin ETFs saw record inflows and BlackRock’s IBIT ETF holds the most assets under management. Public companies also added to their Bitcoin treasuries, helping to stabilize the market. President-elect Donald Trump’s support…

Bitcoin dropped below the $100,000 mark, experiencing a 6.4% decline in the past 24 hours to $97,000. This led to significant liquidations in the crypto derivatives market. Ethereum and Solana also saw losses, with Chainlink and Dogecoin experiencing the worst corrections. The market uncertainty was attributed to Fed Chairman Jerome Powell’s comments on interest rate…

Computer scientist Craig Wright, who falsely claimed to be Bitcoin’s creator, Satoshi Nakamoto, has been sentenced to one year in prison for contempt of court. The judge suspended the sentence for two years. Wright plans to appeal. The Crypto Open Patent Alliance also secured reimbursement of legal costs. Wright targeted developers and bloggers with aggressive…