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SolanaBeginnerPhantom has officially confirmed that it has no plans to launch its own token, completely dispelling recent suspicions in the cryptocurrency industry. The suspicion emerged following Phantom’s announcement of a new social discovery function. Some users interpreted this as a potential precursor to…
#tokens#wallets
BitcoinBeginnerMorgan Stanley‘s E-Trade division is considering adding direct cryptocurrency trading services to its platform. This move comes amid expectations of a more favorable regulatory environment under the Trump administration. The wealth manager allegedly highlighted anticipation of a more favorable…
#altcoin#blackrock#coinbase
GeneralBeginnerThe Frax community has voted to approve a proposal to use BlackRock’s United States dollar Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin. The proposal, identified as FIP-418, passed unanimously after six days of voting. This move signifies…
#altcoin#blackrock#defi
GeneralBeginnerTerraform Labs co-founder Do Kwon appeared before a US magistrate judge on January 2, 2025, and pleaded not guilty to charges in his first legal hearing since extradition to the US. The hearing was held in the Southern District of New York, where Kwon is charged with securities fraud, wire fraud,…
#altcoin
BitcoinBeginnerKuCoin, a leading cryptocurrency exchange, has introduced a new payment system designed to simplify the use of cryptocurrencies for everyday purchases. This development aims to bridge the gap between traditional retail and the world of digital assets. The new system, known as KuCoin Pay, allows…
#crypto
BitcoinBeginnerBinance, the world’s largest cryptocurrency exchange, has achieved a significant milestone by securing its 21st global regulatory authorization. The Central Bank of Brazil has approved Binance’s acquisition of Sim;paul, a locally licensed broker-dealer institution. This makes Binance the first…
#binance#law
GeneralBeginnerThe highly anticipated Uniswap V4 upgrade, designed to enhance the decentralized exchange’s capabilities, has yet to materialize despite a projected Q3 2024 launch. However, recent developments suggest that the launch may be imminent. The Uniswap Foundation recently announced the successful…
#crypto#defi#uniswap
GeneralBeginnerChina has tightened its oversight of cryptocurrency trading by introducing new foreign exchange rules. These rules require Chinese banks to closely track customer identity, the source of funds, and trading frequencies to curb cross-border crypto activities. On December 31, the South China Morning…
#asia#banks#china
GeneralBeginnerCertiK and PeckShield data revealed that December 2024 saw the lowest crypto losses of the year, with scams, exploits, and hacks significantly decreasing towards the end of the year. CertiK posted on Dec. 31 that losses in December amounted to $28.6 million, compared to $63.8 million in November…
#crypto#defi#hackers
BitcoinBeginnerThe Internal Revenue Service (IRS) has announced temporary relief for taxpayers facing challenges with determining the cost basis of their cryptocurrency holdings. This move comes in response to the complexities surrounding cryptocurrency taxation and the evolving nature of the digital asset…
#altcoin#crypto#tax
GeneralBeginnerEthereum co-founder Vitalik Buterin has criticized Elon Musk for the “tone of discourse” on X and warned against censoring users with a heavy-handed approach. Buterin, in a Dec. 31 post on X, expressed admiration for Musk’s commitment to free speech but urged him to “tone down” the heated nature…
#crypto#elon-musk#social-media
BitcoinBeginnerA significant development is underway in Switzerland as a proposal mandates the Swiss National Bank (SNB) to hold Bitcoin. This move, if implemented, could have far-reaching consequences for the cryptocurrency market and the global financial landscape. The proposal, currently under consideration…
#central-bank#crypto#law
