crypto.news is a leading publication media resource in the cryptocurrency industry and, as such, holds editorial independence and journalistic integrity.
FTX to Start Bankruptcy Payouts Via Kraken, BitGo From Jan. 3
Users affected by FTX’s 2022 crash will begin receiving bankruptcy distributions, with the option to receive payouts in stablecoins, through Kraken and BitGo.
The FTX estate confirmed that its bankruptcy disbursement plan will become effective on January 3, 2025, following court approval by U.S. District Judge John Dorsey in October.
Sunil Kavuri, a spokesperson for FTX’s largest creditor group, identified Kraken and BitGo as the confirmed distribution partners, citing the platforms’ payment c
The U.K.’s Financial Conduct Authority issued a public notice against Solana meme coin Retardio, while holders celebrated a 16% price surge following the news.
Retardio, a viral Solana (SOL) meme con project, may be providing or promoting financial services without regulatory permission, the FCA announced in a Dec. 16 update.
Engaging with the meme coin disqualifies investors from using the Financial Ombudsman Service, the FCA’s complaint resolution channel. Retardio buyers are also excluded f
Bitcoin has smashed past another record level with a surge to a new all-time above $107,000.
After reclaiming the psychological $100,000 level, Bitcoin (BTC) strengthened further, reaching highs of $107,172 on U.S.-based crypto exchange Coinbase. The flagship digital asset rose to this new ATH as the world’s largest corporate holder of BTC purchased another $1.5 billion worth of the asset.
Bitcoin broke to above $104 on December 5, 2024.
However, profit-taking saw it dip to lows of $97,044, w
Ripple’s U.S. dollar stablecoin will become available on the XRP Ledger and Ethereum blockchain starting Tuesday, December 17.
Digital payment behemoth Ripple (XRP) has declared Dec. 17 as the debut date for its U.S. dollar-backed stablecoin RLUSD in the Americas, the U.K., the Middle East, and Asia-Pacific markets.
RLUSD’s launch follows last week’s final regulatory approval from the New York Department of Financial Services. NYDFS’s greenlight moved the stablecoin from its test phase to a br
Chainlink Price Rallies As Hopes of an 80% Surge Rise
Chainlink price continued its strong rally, reaching a high of $30, its highest level since November 2021.
Chainlink (LINK), the biggest oracle in the blockchain industry, rose to $30.17, up over 270% from its lowest point in September.
The coin soared due to several tailwinds that could drive further gains in the near term. For example, Donald Trump’s World Liberty Finance selected Chainlink as its oracle provider and acquired 78,387 LINK tokens valued at over $2.3 million.
Semler Scientific Buys More Bitcoin, Now Holds 2,084 BTC
Semler Scientific, a company focused on technology solutions for healthcare providers, announced an update on its Bitcoin holdings.
Between December 5 and December 15, 2024, the company acquired an additional 211 Bitcoin (BTC) for $21.5 million, bringing its total holdings to 2,084 BTC.
The recent purchase was made at an average price of $101,890 per Bitcoin, including fees and expenses. The total value of Semler’s Bitcoin holdings now stands at $168.6 million, based on an average purchase pri
Staking protocol Lido has announced a timeline for the sunsetting of its products on Polygon in the coming months.
The Lido Finance team announced on December 16 that it plans to discontinue all operations on Polygon following a DAO forum discussion and a community vote approving the move. According to the team, the decision to end Lido’s support on Polygon was made by Lido DAO (LDO) token holders, with the initial proposal forwarded by Shard Labs in 2021.
Anchorage Digital Receives BitLicense From New York
Anchorage Digital, a leading crypto platform for institutional clients, has received approval for a BitLicense from the New York State Department of Financial Services.
The approval authorizes Anchorage Digital’s subsidiary, Anchorage Digital NY, LLC, to offer regulated crypto trading services to institutions based in New York. Full capabilities are expected to be operational in early 2025.
You might also like: Ethena officially launches USDtb, stablecoin backed by BlackRock
Cardano Price Forms Rare Pattern Pointing to a Santa Claus Rally
Cardano’s price has remained sideways this month, but a rare chart pattern indicates a potential comeback in the coming weeks.
Cardano (ADA), the popular layer-1 cryptocurrency, is trading at $1.06, down nearly 20% from its highest level this year.
The pullback followed a rally that pushed the coin to a multi-year high of $1.327 in November during the crypto bull run. This decline mirrors the performance of other cryptocurrencies, like Avalanche (AVAX) and Binance Coin (BNB), which have also r
Bitcoin to $150K, ETH to $5K By Summer – Veteran Trader Reveals 5 Altcoins Riding the Trend
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
A veteran trader predicts Bitcoin at $150K and Ethereum at $5K by summer, spotlighting 5 altcoins primed for big gains.
The crypto market is on the cusp of a seismic shift as a veteran trader predicts Bitcoin’s surge to $150,000 and Ethereum’s climb to $5,000 by summer. These ambitious projections come alongside a focus on five altcoins that could mi
Major Bitcoin miner Riot Platforms added $69 million worth of the world’s leading cryptocurrency to its holdings.
According to Securities and Exchange Commission filings, Riot Platforms bought 667 Bitcoin (BTC), increasing its total crypto holdings to 17,429 BTC. Riot acquired this tranche at an average price of $101,135 per coin, bringing the total value of its Bitcoin balance to nearly $2 billion at the December 16 peak price of $106,000.
The company began mining Bitcoin in 2018 at its Oklah
Here’s Why Moca Network Coin Price Just Pumped and Dumped
Moca Network Coin formed a “God candle” and surged to a record high after receiving several exchange listings on Monday.
Moca Coin (MOCA) reached an all-time high of $0.4347, marking a 616% increase from its October low. This rally boosted its market cap to over $278 million and its fully diluted valuation to $1.6 billion.
The surge followed Binance Futures’ announcement that it would list MOCA with up to 75x leverage. This listing is significant, as Binance, the largest crypto exchange global
Ethena Officially Launches USDtb, Stablecoin Backed By BlackRock
Ethena Labs has introduced a new stablecoin, USDtb, backed by BlackRock’s USD Institutional Digital Liquidity Fund.
USDtb operates similarly to other popular fiat-backed stablecoins like USD Coin (USDC) and Tether (USDT), with reserves held in cash or cash-equivalent assets at a 1:1 ratio.
Unlike most stablecoins, USDtb distinguishes itself by allocating 90% of its reserves to BlackRock’s BUIDL fund. This tokenized money market fund primarily invests in short-term U.S. Treasury bills, cash, a
Hedera Taps Into Chainlink’s Data Standard to Boost DeFi and RWA Adoption
Hedera has adopted Chainlink’s suite of smart data products to accelerate the growth of decentralized finance and tokenized real-world assets.
The Hedera (HBAR) team announced on Dec. 16 that Chainlink (LINK)’s Data Feeds and Chainlink Proof of Reserve were now live on the Hedera mainnet.
The integration aims to bolster developers on the Hedera network by enabling access to high-quality data and proof-of-reserve verification. According to a blog post by the platform, Hedera developers can now
Binance will list Pudgy Penguins’ native token PENGU alongside the Simon’s Cat meme coin on Dec. 17. After the Binance listing announcement, CAT went up nearly 65%.
In a company notice, major crypto exchange Binance announced plans to list PENGU, the native token for the NFT collection Pudgy Penguins, on December 17 at 14:00 UTC. Open trading will be available for PENGU paired with USDT, BNB, FDUSD, and TRY.
Alongside PENGU, Binance will also list the meme coin Simon’s Cat (CAT) on December 17
Michael Saylor-led MicroStrategy has increased its total Bitcoin holdings to 439,000, strengthening its position as the top corporate BTC holder.
Another week, another Saylor buy.
On Dec. 16, MicroStrategy executive chairman Michael Saylor disclosed the firm’s latest Bitcoin (BTC) purchase, worth $1.5 billion for 15,350 BTC at an average price of $100,386, according to a regulatory filing.
MicroStrategy’s entire Bitcoin stash is now valued at over $45 billion, as BTC reached a new all-time hi
Here’s Why Ondo Finance Crypto Could Soar 26% Soon
Ondo Finance coin continued its strong rally, reaching an all-time high on Monday, Dec. 16, as Donald Trump’s World Liberty Finance continued its buying spree.
Ondo Finance (ONDO), one of the leading players in the tokenization industry, surged to a high of $2.15, marking an increase of over 327% from its August low
The rally was primarily driven by World Liberty Finance, platform associated with Donald Trump, which purchased ONDO tokens worth over $250,000. These purchases were a continuation