Crypto debit cards allow users to spend their cryptocurrency holdings; they work by converting crypto into fiat currency at the point of sale. Source: https://cointelegraph.com/news/what-are-crypto-debit-cards-how-they-work-and-where-to-use-them?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: December 2024
Blockchain Association sues IRS over crypto broker rules
The lawsuit alleges that the IRS’ latest rulemaking exceeds the agencies’ statutory authority and violates the Administrative Procedure Act. Source: https://cointelegraph.com/news/blockchain-association-lawsuit-irs-decentralized-finance-rules?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Frax Finance Eyes Blackrock’s BUIDL Token as Next-Gen Reserve Asset
Frax Finance, the issuer of the stablecoin frax usd (FRAX), which currently holds the ninth spot among fiat-pegged tokens by market capitalization, is weighing the addition of Blackrock’s BUIDL token as a reserve backing asset. A governance vote, scheduled to wrap up on Dec. 31, 2024, will decide the proposal’s fate. FIP-418: Frax Finance Weighs […] Source: https://news.bitcoin.com/frax-finance-eyes-blackrocks-buidl-token-as-next-gen-reserve-asset/
3 major developments that spurred crypto adoption in 2024
The crypto industry witnessed historic milestones in 2024, from MiCA regulations in Europe to Bitcoin adoption in Latin America and the US eyeing a strategic Bitcoin reserve. Source: https://cointelegraph.com/news/3-major-developments-spurred-crypto-adoption-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Millions in SOL at Stake: Solana Co-Founder Hit With Fraud Lawsuit by Ex-Wife
Stephen Akridge, a co-founder of blockchain platform Solana, faces a lawsuit from his ex-wife, Elisa Rossi, alleging he misappropriated millions in solana (SOL) token profits. Rossi claims Akridge exploited his advanced crypto knowledge to secretly collect her staking rewards. The lawsuit, filed in San Francisco Superior Court, seeks damages for fraud, unjust enrichment, and breach […] Source: https://news.bitcoin.com/millions-in-sol-at-stake-solana-co-founder-hit-with-fraud-lawsuit-by-ex-wife/
Ethereum prepped for 2025 rally as monthly Ether ETFs inflows double
The monthly record in ETF inflows was insufficient to lift Ether’s price past the $3,500 resistance, which would trigger over $1 billion worth of leveraged short liquidations. Source: https://cointelegraph.com/news/ether-etfs-december-record-inflows-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Brazilian Congresswoman Sounds Alarm on Drex CBDC Risks, Rejects Cash Elimination Bill
Julia Zanatta, a Brazilian congresswoman, has raised concerns about the effects of implementing drex, the Brazilian CBDC, on the lives of citizens. Zanatta emphasized that drex, if not properly implemented, might lead to the prohibition of physical money and proposed a ballot for its final implementation. Brazilian Congresswoman Warns About the End of Physical Money […] Source: https://news.bitcoin.com/brazilian-congresswoman-sounds-alarm-on-drex-cbdc-risks-rejects-cash-elimination-bill/
AI tokens market cap falls 28% from December $70B peak
AI cryptocurrencies have dropped nearly 30% in value, but analysts forecast a potential recovery during the 2025 altcoin season. Source: https://cointelegraph.com/news/ai-cryptos-value-drop-altcoin-season-2025?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Solana Degens Fund Rare Tumor Research With Memecoin
A distraught father whose daughter has a rare brain tumor was pleasantly surprised by a multimillion-dollar memecoin gift on Christmas day after starting a campaign to raise money for research into a cure for the disease. Multimillion-Dollar Memecoin Christmas Gift Will Fund Clinical Trials Siqi Chen, co-founder of finance platform Runway, wakes up every day […] Source: https://news.bitcoin.com/solana-degens-fund-rare-tumor-research-with-memecoin/
US-listed Bitcoin, Ether ETFs tally $38.3B net inflows in launch year
Around 80% of demand for the spot Bitcoin ETFs came from retail, but industry analysts expect institutions to pick up the pace in 2025. Source: https://cointelegraph.com/news/bitcoin-and-etheretfs-smash-2024-expectations-with-nearly-40-billion-inflows?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound