Category: crypto

Jesse Powell, the founder of Kraken exchange, supports Brian Brooks as the next Chair of the SEC. Powell praised Brooks’ expertise and criticized the current state of the SEC. Brooks is also being considered for other financial regulatory roles. Brooks’ candidacy comes amidst speculation about who will succeed Gary Gensler. Brooks emphasizes building on progress…

A crypto whale narrowly avoided a $129 million USDT loss in a phishing scam on the TRON blockchain. The scammer used a fake wallet address similar to the victim’s, tricking them into transferring the funds. The fraudster returned most of the funds, highlighting the rising threat of address poisoning attacks in the industry. Vigilance in…

Bitcoin reached a new all-time high of $93,970.91, with a 3% rise in the past 24 hours. Solana and Ethereum also saw price increases, while Dogecoin maintained bullish momentum. Ethereum’s correlation with Bitcoin reached a three-year low. The new price peak followed the start of options trading on BlackRock’s Bitcoin ETF.

Bitfinity Network, a Bitcoin Layer-2 solution compatible with Ethereum Virtual Machine (EVM), has officially launched its mainnet after raising $12 million. The network aims to bring Bitcoin-native DeFi to a broader audience, with institutional backing and successful token sales. Bitfinity also introduced Bitgems, rewarding users for social interactions. Leveraging ICP technology, the network supports Bitcoin-native…

President-elect Donald Trump nominated Howard Lutnick, CEO of Cantor Fitzgerald, as Secretary of Commerce. Lutnick, a supporter of protectionist trade measures and cryptocurrencies, will focus on tariffs and trade reform. His surprise nomination follows speculation and will involve overseeing key departments like the Census Bureau and NOAA, aligning with Trump’s tariff proposals.

Nansen, a leading blockchain data provider, has collaborated with TRON DAO to accelerate decentralization of the internet through blockchain technology and dApps. TRON, known for its fast and scalable network, aims to enhance the ecosystem by integrating with Nansen for on-chain data insights. The partnership will offer users and developers valuable analytics tools for optimizing…

Coinbase will disable Wrapped Bitcoin (WBTC) trading pairs on Dec. 19 due to the token not meeting listing standards. Users can still withdraw funds. BitGo transferred WBTC control to a joint venture with BiT Global tied to Justin Sun, causing community concern. Coinbase launched cbBTC to fill the gap, with notable adoption on Aave.

The Central Bank of Brazil is partnering with Banco Inter, Microsoft Brazil, 7COMm, and Chainlink to advance its central bank digital currency framework. The initiative aims to automate cross-border settlements for commodity transactions using blockchain technology. Chainlink’s CCIP infrastructure will facilitate seamless interactions between Brazil’s DREX platform and foreign central banks, improving market access and…

The AlphaExchange stablecoin ratio has hit a record low, suggesting strong demand for Bitcoin and ample capital reserves to fuel further growth. This has contributed to a surge in the price of Bitcoin.

BlackRock, the world’s largest asset manager, is reportedly supporting the creation of a US Strategic Bitcoin Reserve. The idea is gaining momentum as states and the Trump administration move to institutionalize the digital asset. Proponents believe that Bitcoin could serve as a hedge against inflation and diversify reserves, while critics warn about its volatility, environmental…