BRICS has been constantly working to develop an in-house payment system to reduce global and self-reliance on dollars. Most recently, Sergey Ryabkov the deputy foreign minister of Russia argued that the development of the BRICS payment system is tangible, describing, and progressing. 

During an interview with Tass on December 17, 2024, Sergey said ” Not only it exists. It is not hypothetical,” emphasizing the major contribution of Russia to the entire process.

It is worth noting that Russia ha

The pulling out of the application is followed by the report of FCA that about 90% of crypto license applicants were not able to meet its standards as of September 2024.

Regardless of pulling out, Copper carries on to witness Europe as one of its major markets with the US and the Middle East. 

As per the reports, Copper was not able to tie up a permanent UK registration when the FCA updated its register of crypto asset businesses in 2022. 

Copper Technologies, a significant crypto custody fir

As per the National Bitcoin Office, the country holds around 5,969 Bitcoins whose worth is estimated to be around $582 million. 

For the public sector, involvement in bitcoin-associated economic activities and transactions in and buying Bitcoin will be restricted.

On the first day of this month, the director of Bukele’s National Bitcoin Office accepted during a speech that the launch of Bitcoin had been the most disliked act that this government has taken.

On December 19, an official announce

After the constant surge in prices of Bitcoin, many analysts and experts came up with new speculations some terming it will soon surpass the milestone of $150k, while others claim it has much greater potential than this. 

Most recently while talking to Bloomberg, Cathie Wood the Chief Executive Officer and Chairman of Ark Investment praised Bitcoin, predicting a much bigger future. 

she argued prices are expected to hit the milestone of $1 million in 2030; the limited supply of BTC will be a p

Nowadays tax evasion has become one of the most common practices done by cryptocurrencies holders to avoid huge taxes imposed by the financial authority of any nation. In a recent development, the authorities of the United Kingdom have seized properties linked to the popular Tate family. 

In a most recent decision, the British court has authorized the seizure of £2.7 million assets including crypto from well-known personalities and influencer siblings Andrew Tate and Tristan Tate over the alleg

Last year, North Korea-based hackers stole around $660.50 million in 20 cases. This year, the number went to $1.34 billion stolen in 47 cases.

In between, the most prominent hacks are the theft of over $305 million from the crypto exchange in Japan, DMM Bitcoin in May this year.

Opposing the increase in these crimes, particularly fraud will certainly be a prime challenge for the industry in the coming year. 

On December 19, Chainalysis reported that funds theft by cryptocurrency platform hack

The constant development and adoption of blockchain have motivated many nations to develop their Central Bank Digital Currency (CBDC), in a recent development it has been noted that the Bank Indonesia has marked a crucial milestone by completing the proof of Concept (PoC) for the Wholesale Rupiah Digital Cash Ledger. 

As per an official announcement, of the completion of the PoC, it can be clearly speculated that regions seem to be interested in supporting the adoption of their national currenc

The post mentioned that the partnership aims to refine the capability of governmental transactions when publicizing fiscal responsibility. 

The founder of Invest Azoria, Fishback revealed that the details regarding DOGE and USUAL collaboration are completely untrue, and the hackers were encouraging a scam.

The team has taken swift action on the hack and deleted the post following that. 

The Department of Government Efficiency, headed by Elon Musk, has announced its plans to partner with stabl

The Digital Chamber also wishes the Staff Accounting Bulletin 121 (SAB 121) rule of the SEC to be repealed.

A SAB 121 revoking bill got bipartisan approval in the House and Senate before being rejected by President Joe Biden. 

The suggestion to analyze all current scrutiny forms only one part of a long list of given priorities for the regulating body in the first 90 days of the new government.

A crypto advocacy group has demanded that the Securities and Exchange Commission of the United State

The US branch has been functioning on its own apart from Binance since 2019, further losing all the fund transmitter licenses in seven states.

The current CEO also mentioned that in the last 17 months, Binance.US has involved itself in the discovery process. 

 As USD services are all set to revive itself, Binance.US is planning to introduce new features in the near future and elaborate its product lineup.

Binance U.S. has recently revealed its plans to revive USD services in the initial month

Saylor highlighted the significance of intelligent leverage to give profit to common stock shareholders as the company regulates as per market conditions. 

Hedge funds have taken account of the volatility of its convertible bonds for arbitrage, further stoking up the demand for its fixed-income offerings.

The capability of the company to raise $42 billion in three years for Bitcoin purchases demonstrates that the company can soon take the leading position. 

The co-founder of MicroStrategy, Mi

The President of the Federal Reserve Bank of Cleveland, Beth Hammack cast her vote in favor of keeping the rates unchanged.

The Chief of Markets at Swiss-based Fintech platform, Ruslan Lienkha opinioned that cryptocurrencies are very unpredictable to function.

Quicker rate cuts by the Fed would bring more liquidity to the financial system, certainly boosting cryptocurrency value and global interest in the market including Europe. 

On December 19, the worth of cryptocurrencies went down by 7.5

The attention to a single-strike price clearly shows that traders are confident about a price boost but also indicates probable high volatility in the near future.

A high concentration of open interest at a specific strike price, combined with significant trading volume, indicates that traders view that level as important.

At the same time, currently, the price of BTC is lower than its all-time high of $107, 487 marked on Monday and is trading at $105,010. 

The increased popularity of the Bit

The approximated 10 billion worth of cryptocurrencies possessed by Kim came under intense investigation from the public, igniting questions about clarity as well as transparency in the government.

The country has yet to execute a controversial crypto tax because of political discord and moving legislative priorities.

The continuing political instability and uncertainty related to intense crypto regulations have driven its execution further to January 2027. 

Kim Nam-guk, an ex-legislator for t

Nowadays, earning massive profits in cryptocurrencies by tricking has become one of the most common ways to become rich in a shorter period. A similar tricking event has been reported by Jose Ilbo, that an unnamed former employee of Worri Bank has tampered with the loan documents in order to embezzle funds from the bank to his account. 

The identified individual has been sentenced to 15 years behind bars for embezzling a million dollars to reportedly buy cryptocurrencies.

The accused utilized

On December 18, in a statement, Metaplanet revealed that it is looking to make about 890 million Japanese yen accounting for $5.8 million in revenue in this year.

The company said it will carry on using put option sales as a main revenue driver. Put options are contractual deals that give the capability to the owner.

The investment company also targets to set up revenue streams from Bitcoin-associated marketing activities by running a Japanese version of the news outlet Bitcoin Magazine. 

Met

In the mainstream, there are several reports available that claim that the 47th presidential elections in the United States have seen a major involvement in the cryptocurrency industry, compared to any other elections in the nation. 

A recent study conducted by Emerson College notes that around 20 percent of the voters in the U.S. have been involved in crypto either directly or indirectly. 

Source: Emerson College Polling

The direct and indirect exposure here refers to the involvement of ind

The launch has already been delayed by many regulatory hurdles, and now it has marked a new milestone for the U.S.-based crypto company.

Adding more to the quick settlements and on/off ramps, the stablecoin will back collateralization as well as decentralized finance amalgamations. 

XRP has also shown a bullish trend in the past few months and is up about 4% after the launch of RLUSD. 

Ripple has launched its stablecoin, RLUSD on different major exchanges, as announced by the company. The int

The government revealed crypto assets are boundless and so they need international cooperation to avoid regulatory arbitrage.

A transparent regulatory timeline gives market participants clarity to contend with, as regulations are firmly established in the national interest, and moving global consensus about how to manage virtual assets carries on to take shape. 

These recent developments validate an increasing vulnerability in India’s swiftly changing crypto sector.

The government of India re

The Retardio project promotes a Solana-based non-fungible token (NFT) collection which has gained around $31 million in lifetime sales, as per the NFT tokens data analyzer.

The FCA also urged customers to report unauthorized companies by getting in touch with their official channels.

The regulator revealed that authorized companies provide more protection to customers when something is fishy.

The Financial Conduct Authority of the United Kingdom alerted about the Solana-based “Retardio” proje