TWIC (This Week In Crypto) – 3rd January, 2025
China Brings New Forex Rules to Tighten Crypto Trades Tether Faces EU Regulatory Hurdles: USDT Market Cap Drops $2 Billion Elon Musk changes X profile to ‘Kekius Maximus’ with Pepe the Frog image Malaysia Cracks Down on Bybit Crypto Exchange A NYC bathhouse is mining Bitcoin to heat its pools—and
TWIC (This Week In Crypto) – 3rd January, 2025
China Brings New Forex Rules to Tighten Crypto Trades Tether Faces EU Regulatory Hurdles: USDT Market Cap Drops $2 Billion Elon Musk changes X profile
TWIC (This Week In Crypto) – 27th December, 2024
Ethereum whale dumps another $17m ETH $2.2 Billion Stolen from
Bitcoin Experiences Toughest Month Since FTX Collapse Amid Declining ETF Enthusiasm
Bitcoin has faced its most challenging month since the FTX
China AMC’s Bitcoin ETF Opens Door for Chinese RMB Investors
China Asset Management Company (AMC) is set to launch a
Jack Dorsey’s Block Advances Bitcoin Mining Plans with Development of 3nm Mining Chip
Block Inc., formerly known as Square, is taking its Bitcoin
TWIC (This Week In Crypto) – 27th December, 2024
Ethereum whale dumps another $17m ETH $2.2 Billion Stolen from Crypto Platforms in 2024. Hacked Volumes Stagnate Toward Year-End as DPRK Slows Activity Post-July Trump’s
Bitcoin Experiences Toughest Month Since FTX Collapse Amid Declining ETF Enthusiasm
Bitcoin has faced its most challenging month since the FTX collapse, as its price dipped amid waning excitement surrounding the anticipated approval of a Bitcoin
China AMC’s Bitcoin ETF Opens Door for Chinese RMB Investors
China Asset Management Company (AMC) is set to launch a Bitcoin Exchange-Traded Fund (ETF) that allows investors in China to gain exposure to the digital
Jack Dorsey’s Block Advances Bitcoin Mining Plans with Development of 3nm Mining Chip
Block Inc., formerly known as Square, is taking its Bitcoin mining ambitions to new heights with the development of a cutting-edge 3nm mining chip. This
Binance Expands NFT Marketplace, Sets Sights on Bitcoin NFTs for Greater Accessibility
Binance, one of the world’s largest cryptocurrency exchanges, has announced that it is expanding its NFT marketplace to include Bitcoin NFTs. This move is part
Fortnite CEO Tim Sweeney Stands Firm: The Metaverse is the Future of the Internet
The billionaire CEO behind Fortnite, Tim Sweeney, has declared that the metaverse is not dead, despite recent speculation to the contrary. The term “metaverse” refers
Bitcoin Braces for Impact: US Inflation Rate Data Announcement Could Shake Up Crypto Market
The crypto market is bracing itself for the release of US inflation rate data, which could have a significant impact on Bitcoin’s price. The US
Top Crypto Market Makers Jane Street and Jump Crypto Scale Back US Operations Amid Regulatory Ambiguity
Two of the top market makers in the crypto industry, Jane Street and Jump Crypto, have announced that they will be scaling back their US
Elon Musk’s Tweet Sparks No Meme Token Frenzy with 700% Pump, But NFT Clarification Causes Setback
The crypto market saw a surge in activity today as No Meme Token launched and immediately skyrocketed by 700% following a tweet from Elon Musk.
Alibaba Cloud and Avalanche Team Up to Bring Blockchain-Powered Metaverse Applications to Reality
Alibaba Cloud, the cloud computing arm of Alibaba Group, has announced a partnership with Avalanche, a blockchain platform, to enable the deployment of metaverse applications
Anonymous Trader Earns $1 Million by Predicting the Price Surge of Meme-Based Cryptocurrencies
A trader has reportedly made a $1 million profit by predicting the price explosion of three popular meme-based cryptocurrencies: Shiba Inu, Pepe, and Wojak.
BNP Paribas Set to Launch China CBDC Wallet Platform, Pioneering Digital Asset Services in Traditional Banking
BNP Paribas, a major global banking group, has announced that it will launch a China Central Bank Digital Currency (CBDC) wallet platform for its clients.
Bitget Partners with Blockchain4Youth to Boost Web3 Education Worldwide with $10 Million Investment
Bitget, a global cryptocurrency exchange, has announced a $10 million investment in Blockchain4Youth, a non-profit organization focused on promoting education and adoption of Web3 technologies
Binance Boosts Compliance Efforts to Tackle Terrorism Financing Concerns
Binance, one of the world’s largest cryptocurrency exchanges, has taken steps to address compliance concerns related to anti-money laundering (AML) and counter-terrorism financing (CTF).
US Lawmakers Clash Over Stablecoin Regulation, Highlighting Partisan Divisions and Uncertainty for the Cryptocurrency Industry
The regulation of stablecoins has once again become a contentious topic among US lawmakers. House lawmakers have reignited the debate over whether stablecoins should be
Venezuelan Cryptocurrency Exchange CoinCoinX Faces Temporary Halt in Operations, Leaving Customers Concerned about the Safety of their Funds
Venezuelan cryptocurrency exchange, CoinCoinX, has announced the “temporary” halt of its operations. The exchange cited unforeseen circumstances for the suspension of its services, leaving many
UAE’s Securities Regulator Paves the Way for Crypto Firms to Operate in the Country and Become the Next Crypto Hub
UAE Securities Regulator Opens Door for Crypto Firms’ License Applications – Is the UAE the Next Crypto Hub? The United Arab Emirates’ (UAE) securities
South Korean President Takes Action Against Cryptocurrency-Enabled Drug Trafficking
South Korean President Moon Jae-in has called for a “war” against drug trafficking, including those powered by cryptocurrency. This statement comes after the recent arrest
Tribe Capital Eyes Investment in FTX Exchange’s Revival Plan
FTX Exchange’s Revival Plan Attracts Potential Bid from Tribe Capital – Will Sam Bankman-Fried Be Involved? FTX Exchange, one of the world’s leading cryptocurrency
FTX Co-Founder Gary Wang’s Cooperation with Prosecutors Sparks Speculation in Cryptocurrency Community
Gary Wang, co-founder of the cryptocurrency exchange FTX, has reportedly been cooperating with prosecutors in an undisclosed legal case. Details about the case are
Craig Wright Threatens Legal Action Against Apple Over Hosting of Bitcoin White Paper
Self-proclaimed Bitcoin creator Craig Wright has hinted at a possible legal battle against Apple over the company’s hosting of the Bitcoin white paper on its
Bitcoin Shorts Liquidated as Cryptocurrency Surges Above $30K
Bitcoin’s recent surge above $30,000 has led to the obliteration of short positions held by traders, according to market data. The cryptocurrency, which had
Bank of America Report Indicates Growing Confidence in Bitcoin’s Long-Term Prospects
Bank of America has released a report stating that support for Bitcoin’s rally is increasing as personal wallet hoarding also rises. According to the
Beijing-Based Bitmain Fined $21 Million for Tax Evasion, Pledges to Rectify Situation
Beijing-based Bitcoin mining company Bitmain is facing fines after allegedly breaching tax regulations, according to local authorities. The Beijing Municipal Bureau of Local Taxation
Crypto Exchange Accused of Facilitating U.S. Derivatives Trading Ban Violations
A major crypto exchange is facing accusations of allowing U.S. firms to trade derivatives on its platform, circumventing a ban on such activities by the
Workers of Suspected Brazilian Crypto Scam Firm Apprehended Trying to Flee with Company Assets
Authorities in Brazil have detained several workers from a suspected crypto scam firm after they were caught on CCTV cameras attempting to remove items from
Tech Giants Struggle to Bring Metaverse to Life Amid Complex Challenges and Ethical Implications
The concept of the metaverse, a virtual world that combines elements of gaming, social media, and other digital experiences, has captured the imagination of many
Hong Kong Emerges as Crypto Haven Amid U.S. Regulatory Crackdown
Hong Kong’s ambitions to become a major player in the digital asset market have received a significant boost from the recent crypto crackdown in the
ZeroSync and Blockstream Use Satellites to Enable Bitcoin Transactions Without Internet Access
Bitcoin transactions can now be sent and received without the need for an internet connection, thanks to the efforts of two innovative companies, ZeroSync and
MicroStrategy Claims Minimal Exposure as Crypto.com, Coinbase, and Gemini Pause Transactions with Silvergate Bank
MicroStrategy, a major Bitcoin investor, has claimed minimal exposure to the recent disruption in banking services caused by Silvergate Bank’s closure of its National Automated
Kraken Suspends Automated Clearinghouse Deposits and Withdrawals Due to Silvergate’s Closure
Kraken, one of the largest cryptocurrency exchanges in the world, has announced the suspension of Automated Clearing House (ACH) deposits and withdrawals due to the
Forecast of XRP Price as XRP Explodes Up 20% in 24 Hours
XRP, the cryptocurrency of the Ripple payment protocol, has seen a significant surge in price, rising by 20% in just 24 hours. The price jump
Trade Volumes for Bitcoin Continue to Move Positively
Bitcoin trading volumes are continuing to trend in the right direction, according to recent data. Despite the recent price fluctuations in the cryptocurrency market, trading
El Salvador’s Bitcoin Bonds to Debut This Summer, According to the Bitfinex CTO
Bitfinex CTO, Paolo Ardoino, has announced that El Salvador’s much-anticipated Bitcoin bonds will launch this summer. The Central American nation made history last year when