Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth
Bitcoin’s historic rally to the $100,000 milestone occurred among many significant crypto redemption stories in a year that further legitimized the industry’s status.
The year’s events brought a resurgence for many notable crypto projects that had faced hardships, including Ripple Labs, which scored a significant legal victory against the United States securities regulator, while the memecoin and asset tokenization sectors were also revived, driven by growing retail interest and robust growth p
Bitcoin bulls are back: BTC derivatives data hints at rally to $105K
Bitcoin (BTC) has gained 6.5% since its $92,458 low on Dec. 23 but it failed to surpass the $98,000 resistance level. Traders showed renewed confidence after a steep 14.5% correction that followed the $108,275 all-time high on Dec. 17.
Bitcoin derivatives maintained a neutral-to-bullish stance, suggesting that the sharp price volatility did not significantly impact market sentiment. This positioning supports the likelihood of a sustainable rally above $105,000.
Bitcoin payments are being undermined by centralized stablecoins
Down the road from Piccadilly Circus and up Shaftesbury Avenue, The Century Club in London is one of the private members clubs that are dotted around Soho and the rest of the UKs capital.
BTC transactions are easy in Londons Century Club. (Monty Munford)
For many, they are an outdated tradition of this most ancient of cities, a status symbol of privilege and an elite that was based on colonialism and slavery. For others, they are an intelligent place to do business away from the disruption of
Singapore, Hong Kong stand out among blockchain heavyweights
Singapore is the global champion of blockchain technology based on a recent study of the world’s leading cryptocurrency jurisdictions spearheaded by ApeX Protocol, a multichain liquidity platform.
According to the study, which ranked 10 jurisdictions based on blockchain patents, jobs related to blockchain technology, and crypto exchanges based in the country, Singapore received top marks with a composite score of 85.4.
The study found that Singapore is home to 1,600 blockchain patents, 2,433
Bitcoin (BTC) bulls are trying to start a Santa Claus rally by pushing the price back above the psychological level of $100,000, but higher levels may attract sellers. Bitcoin has gained nearly 2% in December, but it will have to do more work to catch up with the previous year’s 12.18% rise in December, per CoinGlass data.
CryptoQuant contributor Joo Hyun Ryu said in a Quicktake blog post that Bitcoin demand has increased from speculative short-term holders (STH) and Korean investors. The share
Ethereum NFTs drive weekly volume to $304M, NFT promoters face fraud charges: Nifty Newsletter
In this week’s newsletter, read about how Ethereum-based non-fungible tokens (NFTs) drove weekly sales volumes to more than $300 million as collections like Pudgy Penguins and Azuki surged. Meanwhile, two 23-year-olds were accused of performing a series of rug pulls using NFT projects and other digital assets. Also, check out Cointelegraph’s NFT recap 2024 to review the year’s trials and major events in the NFT space.
Ethereum NFT collections drive weekly volume to $304M
Coffee goes onchain as AgriDex settles first-ever transaction on Solana
Solana-based RWA platform AgriDex has facilitated its first onchain coffee trade, a move it said could open the door to more cost-effective agricultural commodity transactions.
The transaction was executed by Tiki Tonga Coffee, a United Kingdom-based coffee brand, which exported premium coffee from its home country to South Africa. The payment was made in South African Rand and settled in British pounds using the AgriDex blockchain.
Tiki Tonga claims the transaction only carried a 0.5% transac
As cryptocurrency continues to embed itself into the mainstream, its influence is becoming increasingly visible in today’s popular culture. From documentaries and music to reality TV and even live music events, 2024 showcased crypto’s evolving presence in ways that entertained, educated and sometimes baffled audiences.
Here are five notable instances where crypto made a mark on pop culture this year.
HBO’s Money Electric takes Bitcoin to the mainstream
Six Bitcoin funds set to debut in Israel following regulatory approval
Six Bitcoin-tracking funds are set to launch in Israel next week following the recent approval from the Israel Securities Authority.
According to local media reports, the funds will mirror Bitcoin’s (BTC) price movements through various indexes and strategies and will be available for purchase at banks and investment firms starting Dec. 31.
Some of the new funds will track exchange-traded products (ETFs) launched in the United States, such as BlackRock’s iShares Bitcoin Trust ETF (IBIT). One
Russia is free to use Bitcoin in foreign trade, says finance minister
Russia has been actively experimenting with digital financial assets (DFA) in foreign trade in line with the country’s legislation, according to a senior government official.
Russian Finance Minister Anton Siluanov discussed US dollar alternatives for international trade in an interview on the state-owned news channel Russia-24 on Dec. 25.
Siluanov said the Russian government has passed legislation authorizing foreign trades in DFAs and Bitcoin (BTC).
Reversing the gender gap: Women who kicked ass in crypto in 2024
Crypto markets are firmly in a bull cycle, fueled by growing institutional adoption and bullish sentiment in the United States. Once seen as a fringe asset, Bitcoin (BTC) is now being embraced by major financial players.
Women have been central to this shift, leading startups, shaping policy, creating educational content, crafting research reports and more, helping drive the mainstream adoption of cryptocurrencies.
Crypto has long been a male-dominated industry, given its roots in tech and fi
Ether ETFs surpass $2.5B as ETH positions for $3.5 breakout
Ether may be poised for a breakout, bolstered by the Ethereum exchange-traded funds (ETFs) surpassing the $2.5 billion milestone.
The United States spot Ether (ETH) ETFs surpassed $2.5 billion worth of total inflows on Dec. 24, when the ETFs received $53 million in cumulative net inflows, Farside Investors data shows.
AI has had its Cambrian moment — Blockchain’s is yet to come
In the annals of technological progress, certain moments stand as turning points when innovation has reached critical mass, catalyzing explosive growth and global adoption. These “Cambrian explosions” fundamentally reshape the way we live and work.
Artificial intelligence has had its Cambrian moment. After decades of slow evolution, breakthroughs, such as artificial neural networks (ANNs), have propelled AI from niche applications to transformative technology.
Bitcoin analysts eye recovery to $105k, but ETF flows stagnate
Bitcoin analysts are eying an imminent recovery above the $100,000 mark despite the lack of institutional buying power due to the holidays.
Bitcoin’s (BTC) price has been trading under the psychological $100,000 mark since Dec. 19 and is currently down 9.7% from its all-time high of above $108,300 recorded on Dec. 17, Cointelegraph Markets Pro data shows.
BTC/USD, 1-month chart. Source: Cointelegraph
However, Bitcoin’s price could experience an imminent correction above $105,000 once liquidit
Turkey introduced new cryptocurrency regulatory legislation during the final week of 2024, inspired by positive regulatory developments around the world’s major jurisdictions, such as Europe.
Under the new regulation, users executing transactions above 15,000 Turkish liras ($425) will be required to share their identifying information with the country’s crypto service providers, according to a Dec. 25 document issued by the Official Gazette of the Republic of Turkey.
Montenegro court rejects Do Kwon’s extradition appeal
Montenegro’s Constitutional Court has dismissed an appeal by Korean cryptocurrency mogul Do Kwon regarding his extradition, closing another legal route for the Terraform Labs co-founder.
According to a report by Korea JoongAng Daily, the unanimous decision in the court cited legal inconsistencies in Kwon’s appeal, effectively upholding the earlier ruling that favored his extradition.
Kwon has been at the center of global investigations after the collapse of his crypto empire in 2022, with both
South Korean crypto holders reportedly increased in November as Donald Trump won the United States elections.
On Dec. 25, South Korean media outlet Yonhap News reported that in November, the number of users in the country increased by 610,000. Representative Lim Kwang-Hyun of the Democratic Party of Korea (DPK) shared data showing that the number of digital asset investors in the country by the end of November totaled 15.59 million.
South Korea has 51.71 million people. Because of this, the 1
7 Santas, 7 Grinches: The heroes and villains of 2024
As 2024 draws to a close, crypto had a huge year for those who battled both for and against the space. One side championed the tech and wanted to steamroll it forward, while the other side still hasn’t warmed to it or has given crypto a bad rap.
Here, Cointelegraph highlights its seven crypto-supporting “Santas” and seven “Grinches” that have thrown up roadblocks or bottlenecked the progress of crypto this year.