UK Prepares Crypto Rules to Compete Globally with US And EU
The UK plans to regulate stablecoins and staking to strengthen its crypto hub ambitions.
The Treasury aims to reclassify staking, avoiding stricter rules under investment schemes.
FCA to lead phased crypto regulation, starting with stablecoin rules in early 2025.
The UK government is set to roll out a ‘whole of government’ approach to cryptocurrency regulation. The aim of this initiative is to position the UK as an attractive hub for conducting business with digital assets. This comes as glob
Litecoin’s (LTC) Bold Move: Could It Be the Next Meme Coin?
Litecoin(LTC) sparks meme coin speculation, boosting its price by 12.07% in 24 hours.
Dogecoin welcomes Litecoin’s meme coin move, suggesting a chibi mascot for promotion.
LTC’s rising open interest and trading volume hint at growing Litecoin interest.
Litecoin (LTC) is reportedly signalling its interest in joining the meme coin space, which has created a new buzz in the crypto space. The cryptocurrency, often presented as an alternative to Bitcoin, trended on social media following an X post
SHIB community expects a breakout potential as the chart forms a bullish “cup” pattern.
Shiba Inu (SHIB) is showing signs of a potential breakout, according to market watchers. The last 24 hours saw an increase of SHIB token price by more than 8% to $0.00002603, making its market capitalization $15.34 billion.
Indian Police Arrest Key Suspect in $230M WazirX Crypto Hack
Delhi Police arrested SK Masud Alam for his role in the WazirX cyberattack case.
A fraudulent account enabled a major breach on WazirX, targeting its hot wallet.
Liminal Custody faced scrutiny for alleged non-cooperation in the WazirX investigation.
The Delhi Police recently apprehended SK Masud Alam, a resident of East Midnapore, West Bengal, in connection with a massive cyberattack that shook the cryptocurrency exchange WazirX. Authorities have pointed to Alam as a key suspect behind the so
The FBI raided Polymarket CEO Shayne Coplan’s home and seized his phone and electronics.
This move comes a week after the betting platform predicted Trump’s win in the elections.
After the election, an anonymous French trader won nearly $85M in profits on Trump bets.
Expect the unexpected! This phrase would likely suit Polymarket’s current situation. The betting platform, highly regarded for its predictions, was not able to predict the FBI raid. On the wee hours of November 13, Shayne Coplan,
Pepe Hits Record High; Now Among Top 15 Cryptocurrencies
Pepe Coin hits $10B market cap, enters top 15 cryptocurrencies after Coinbase listing.
Upbit to list Pepe Coin today, with restrictions to stabilize trading in the early hours.
Pepe Coin’s trading volume jumps 194%, fueled by recent listings and investor demand.
Pepe Coin has surged to a new high, reaching a market cap of over $10 billion. This rally places Pepe among the top 15 cryptocurrencies by market cap, surpassing SUI. The coin’s listing on Coinbase on November 13 and its expected list
$228M Crypto Scam Unfolded in South Korea: 215 Arrested
The South Korean police arrest 215 individuals in connection to a $228 million crypto scam.
The team lured people into investing in a fake platform providing promises of high returns.
The scammers sold 28 tokens, six of which were issued on international crypto exchanges.
In a significant crackdown on crypto scams in South Korea, the police arrested 215 individuals in connection with a massive 320 billion won ($228.4 million) crypto fraud. The arrested individuals included an unidentified You
Bitcoin Hits $87K,Outpaces Altcoins in Market Dominance
Bitcoin surpasses $87K, boosting dominance to 56.68%, despite losses in major altcoins.
With a Fear & Greed Index at 84, investor optimism grows despite market challenges.
Altcoins like DOGE and FRED rally, posting significant gains amidst market downturns.
Bitcoin continues to gain strength and has now crossed the $87,000 mark, increasing its dominance over the entire crypto market. In a Wednesday X post, CryptoRank highlighted Bitcoin’s resilience, emphasizing that it continues to dominate
Trump’s DOGE Program: Musk & Ramaswamy Lead Efficiency Push
Donald Trump launches the DOGE program, led by Musk & Ramaswamy.
The DOGE initiative empowers citizens to report government waste and reduce inefficiencies.
Dogecoin jumps 12.82% as news of DOGE spreads, with potential for further gains to $0.56.
President Donald Trump approved the creation of the Department of Government Efficiency (DOGE) to reduce government expenditures and improve federal efficiency. Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy will jointly head the new departmen
Italian officials explore crypto tax reforms as EU’s MiCA regulations near implementation.
The Italian government is reviewing potential changes to a proposed tax increase on cryptocurrency trades. This follows criticism from industry stakeholders, particularly when the government planned to raise the tax rate from 26% to 42%
Joe Lubin Sees Bright Future for ETH under New SEC Chair
Ethereum sees $500M inflows since U.S. election, signaling potential price surge.
Joe Lubin predicts Ethereum’s ETH to benefit from expected SEC leadership changes.
Institutional inflows and low reserves point to Ethereum’s scarcity and growth.
Ethereum has garnered widespread attention in the crypto market driven by Consensys CEO Joe Lubin’s optimistic statements. Despite recent retracement for the cryptocurrency, the community remains bullish about Ether’s future prospects. This positive ou
Apple Studios & A24 To Develop Sam Bankman-Fried’s Biopic
Apple Studios and A24 are reworking Lewis’ book on Bankman-Fried to develop a biopic.
Lena Dunham is expected to pen the script for the film, featuring the rise and fall of Bankman-Fried.
Director Nanette Burstein is also planning to release a documentary about Bankman-Fried.
Apple Studios and A24 are teaming up to bring the story of Sam Bankman-Fried to the big screen, adapting Michael Lewis’ book Going Infinite: The Rise and Fall of a New Tycoon into a feature film. American writer and dire
PayPal USD Uses LayerZero for Transfers Between ETH & SOL
PayPal integrates the LayerZero protocol for transfers between Ethereum and Solana.
The integration will aid PYUSD holders in making seamless transfers between blockchains.
Each PYUSD transfer is secured by PayPal’s USD and Paxos’s Decentralized Verifier Networks.
PayPal USD (PYUSD) has now added LayerZero to streamline transfers between Ethereum and Solana. In an official announcement on X, LayerZero, the leading interoperability protocol, stated that the integration will enable a seamless t
ETH Rally Continues With $154M Inflows Boosting Confidence
Ethereum surged 35.16% this week as ETF inflows hit $154.7M, boosting market optimism.
Institutional demand drives Ethereum ETFs to record inflows since their launch in July.
Emerging blockchains like Solana and Sui challenge Ethereum with lower fees and scalability.
Ethereum’s price experienced a notable rally despite recent market retracements, reaching $3,304 during press time. In the past 24 hours, ETH increased by 3.34%, and over the last week, by 35.16%. Trading volume also soared, up t
Tether Releases WDK for Secure, Customizable Crypto Wallets
Tether’s WDK lets businesses create secure, self-custodial wallets across platforms.
With Tether’s WDK, businesses can develop sophisticated and tailored wallets for specific purposes.
By aligning with the principles of Bitcoin’s whitepaper, the WDK ensures complet user control.
Tether, one of the leading digital assets companies, has released its Wallet Development Kit (WDK). According to a report on Monday, WDK is intended to allow companies to integrate an autonomous and trustless wallet f
The whale’s portfolio includes 2.97K ETH, 1.01M TRAC, 44.2K LINK, and 567.4K LRC.
Shiba Inu (SHIB), the second-largest meme coin by market capitalization, witnessed significant growth in the past week. The token closely follows Dogecoin’s bullish trajectory, surging over 60% as part of the broader cryptocurrency market rally. At th
12 Out 15 Memecoins Listed on Binance Saw Exponential Gains
Binance listed 15 memecoins in 2024, with 12 recording significant post-listing gains.
Solana memecoins dominated Binance’s 2024 listings, accounting for 60% of all tokens.
Only five of Binance’s 2024 listed memecoins were available for both spot and futures.
Binance’s approach to listing memecoins in 2024 has drawn significant attention, with varying impacts on token prices post-listing. Pseudonymous on-chain analyst Ai_9684xtpa recently analyzed the performance of 15 memecoins listed on Bin
DOGE Soars Above $0.40 as Retail Interest and Futures Surge
Dogecoin price surpasses $0.40, as small wallets surged 74,885 in the last four weeks.
DOGE futures open interest reaches a record $2.75B, with short positions dominating trades.
Trump’s re-election and Musk’s support fuel Dogecoin’s rise, drawing retail interest.
Dogecoin (DOGE) has seen a surge in popularity, with its price reaching over $0.40 for the first time since 2021. In the past four weeks, the number of Dogecoin wallets holding less than 100,000 DOGE increased by 74,885. Meanwhile,
Mt.Gox Moves 2.5K BTC to Masked Wallets in Latest Transfer
Mt. Gox transfers about 2,500 BTC worth $222 million to two unmarked wallets on Monday.
The defunct cryptocurrency platform has been transferring funds since October 31.
Market observers state that BTC transfers from the platform signal creditors’ repayment.
With Bitcoin surging high and gaining a new all-time high at above $89,000, Mt. Gox has made a significant fund transfer, the fifth transfer this month. The now-defunct cryptocurrency platform moved 2500 Bitcoins worth $222 million to two
Bitcoin has again flipped silver with its market cap of $1.751 trillion to became the eighth largest asset. It value has surged past $89,000, and is now just behind major global entities like Gold, Apple, and Microsoft. Recent