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Sam Bankman-Fried Unlikely to Face Second Trial, Say US Prosecutors – Here’s the Latest

US prosecutors are reluctant to pursue a second trial in the case involving Sam Bankman-Fried, former CEO of the now-defunct crypto exchange FTX. Bankman-Fried, who was convicted last month for embezzling funds from FTX customers, seems likely to avoid further prosecution on additional...

, by Ruholamin Haqshanas

Crypto Miners’ Bitcoin Reserves Hit Lowest Level Since May Amidst Increased Selling Pressure

Bitcoin miner reserves have reached their lowest point since May, signaling increased selling pressure as the largest cryptocurrency records a December gain of more than 13%. Data from CryptoQuant indicates that Bitcoin miners' reserves have been steadily decreasing since the beginning of...

, by Hassan Shittu

Top Crypto Gainers Today on DEXTools – CAT, POLAR, WHAT

Blue-chip cryptocurrency markets have been chopping all over the place on Friday, amid a wave of option expiries on the final day of trade of the year for traditional asset markets (crypto markets never shut, so the final day of trade of the year will be the 31st of December). Bitcoin (BTC)...

, by Michael Davis

Monex Group Secures Majority Stake in Canada-based 3iQ

Japan-based Monex Group is set to acquire a majority stake in Canadian crypto asset manager 3iQ. According to a press release published Thursday, 3iQ will collaborate with Coincheck, a Japanese cryptocurrency exchange acquired by Monex Group back in 2018, to bolster the digital asset offerings...

, by Brian Yue

Best Crypto to Buy Today December 29 – Kaspa, Bonk, Sei

Cryptocurrency markets are unsurprisingly choppy on the final Friday of 2024, as massive option expiries trigger waves of unpredictable buy and sell pressure as market players hedge themselves and reposition ahead of the new year. Bitcoin options worth around $11 billion expired today, as...

, by Michael Davis

ARK Invest Spearheads Bitcoin ETF Amendment Rush Ahead of SEC Deadline

ARK Invest has taken the lead in filing the final Form S-1 amendment for its proposed spot Bitcoin exchange-traded fund (ETF) ahead of a deadline set by the US Securities and Exchange Commission (SEC). The SEC allegedly set a deadline of December 29, 2023, for ETF applicants to file their...

, by Fredrik Vold

Bullish Sentiment Grows as Centralized Exchanges See Record Outflows in 12 Months

Cryptocurrency traders maintain a bullish drive to end the year with another positive on-chain metric going into 2024 as favorable market forces boost optimism. Data from blockchain analytics firm, Glassnode shows over $1.1 billion net outflows from centralized exchanges as Bitcoin (BTC)...

, by David Pokima

SEC Looks to Enhance Control by Trimming Intermediaries in Spot Bitcoin ETFs: Bloomberg Analyst

Bloomberg analyst Eric Balchunas has shared insights on the latest requirements imposed by the U.S. Securities and Exchange Commission (SEC) to regulate the involvement of third parties in Spot Bitcoin ETFs through a "cash-create" redemption model. The SEC has set a deadline of December 29,...

, by Jimmy Aki

Crypto Ban in Nigeria Stalls eNaira Adoption Despite Global Recognition

Chinedu Albert, a legal expert specializing in Nigerian tech and innovation, has attributed the challenges facing the adoption of the eNaira, the Central Bank of Nigeria's digital currency (CBDC), to a previous crypto ban. In an exclusive interview with Cointelegraph on December 29, Albert...

, by Jimmy Aki

ETF Countdowns, Screaming Buys, Happy New Years and 20 Crypto Jokes

This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes. __________ This week in crypto: the Bitcoin ETF countdown has begun, representatives from at least seven companies seeking to launch ETFs met with the US SEC...

, by Sead Fadilpašić

Avalanche Foundation Dives into Memecoin Market with $100 Million NFT Initiative

The Avalanche Foundation, the nonprofit organization overseeing the development of the Avalanche Network, aims to allocate its $100 million non-fungible token (NFT) incubator fund to purchase memecoins. The move is part of the foundation's "Culture Catalyst" initiative, which was...

, by Ruholamin Haqshanas

CryptoQuant Report: ETF Approval Could Lead to “Sell the News” Price Action for Bitcoin

The expected approval of a spot Bitcoin exchange-traded fund (ETF) in January might not translate into a price surge for the cryptocurrency, according to a note by blockchain data firm CryptoQuant. The note, which was shared with CoinDesk, suggested that the approval of the Bitcoin ETF could...

, by Fredrik Vold

Indonesian Authorities Raid Ten Crypto Mining Facilities for Energy Theft

Indonesian authorities crack down on ten Bitcoin (BTC) mining sites for stealing energy from the national grid to power mining operations in the country. According to reports from local media outlets, the government moved in on ten crypto mining sites whose operations saw them tap into the...

, by David Pokima

China Tightens Grip on Cryptocurrency Trading, Targets Use of Tether in Foreign Exchange

Chinese authorities have issued a stern directive for an enhanced crackdown on the use of cryptocurrencies, emphasizing their role in illegal foreign exchange trading as part of ongoing efforts to mitigate financial risks. In a joint statement released on Wednesday, the Supreme People's...

, by Hassan Shittu

OKX Crypto Exchange Announces Plans to Delist Privacy Coins in 2024 – What’s Going On?

Crypto exchange OKX will delist eight privacy-focused coins in a few days. These include monero (XMR), zcash (ZEC). and dash (DASH), among others. According to the press release, besides the above-mentioned XMR, ZEC, and DASH, the move will also affect FSN, ZKS, CAPO, CVP, and...

, by Sead Fadilpašić

Binance Reports 30% Surge in Users, Facilitates 18% More Trades in 2023, Emphasizes Compliance Strengthening

Binance, the world's largest cryptocurrency trading platform, has reported substantial growth in its user base, experiencing a 30% increase in users in 2023 while emphasizing its compliance with various regulations. According to its recently released year-end report, the cryptocurrency...

, by Hassan Shittu

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