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Pro-Crypto Super PAC Fairshake Raises $78 Million Ahead of 2024 US Elections

Fairshake has raised $78 million to support “pro-crypto” candidates in the forthcoming 2024 US elections. The political action committee announced in a press release published Monday that it had received donations from prominent crypto companies and individuals, including Coinbase...

, by Brian Yue

Metaverse Firm Improbable Offloads Gaming Subsidiary to Keywords for $96.8 Million

Metaverse startup Improbable has sold its gaming subsidiary, MPG, to Irish video game company Keywords Studios for $96.8 million. The SoftBank-backed metaverse company said in its annual statement published today that it had completed the sale of its games services subsidiary to Keywords...

, by Brian Yue

Biggest Crypto Gainers Today on Uniswap – METIS, INJ, OX

Blue-chip cryptocurrencies continue to pull lower from multi-month/year highs hit earlier in the month amid profit-taking ahead of what is expected to be a somewhat calmer and lower volume run in to the end of the year, as major market participants take time off for the Christmas...

, by Michael Davis

Arweave Founder Accuses Irys of Planning to Fork the Platform, AR Token Plunges

Arweave founder Sam Williams has taken to X to allege storage solution company Irys has plans to fork his decentralized information storage firm. "Motivated by greed" In a post from Sunday night , Williamson claims Irys is seeking to fork Arweave in an attempt to “drop the dataset and reset the...

, by Julia Smith

Cipher Scales BTC Mining Operation with 37,000 Bitmain Antminers Worth $100M

NASDAQ-listed Bitcoin mining firm Cipher Mining Inc. has announced the purchase of 37,396 units of the latest Bitmain Antminer T21 series. Making the announcement in a press release, the company disclosed that this acquisition amounted to approximately $99.5 million. Regarding the value...

, by Jimmy Aki

Ethereum Smart Contract Framework Updated to Combat Security Concerns

Ethereum is one of the most widely used blockchain networks globally. Recent findings from CoinMarketCap show that Ethereum has the highest number of total developers, accounting for 16% of all developers in the crypto sector. Unfortunately, the Ethereum network has also become extremely...

, by Rachel Wolfson

Arbitrum Transactions Reach New All-Time High During Inscriptions Frenzy

Ethereum layer-2 network Arbitrum (ARB) reached a new all-time high in daily transactions over the weekend, joining Bitcoin under a waterfall of blockchain activity spurred by inscriptions. According to data from crypto market analysis platform IntoTheBlock, the network tapped 5.4 million...

, by Andrew Throuvalas

Ex-Amazon Engineer Guilty of Historic $12.3M Crypto Heist

A former Amazon engineer has pleaded guilty to hacking two cryptocurrency exchanges, resulting in the first-ever conviction involving the hacking of a smart contract. Shakeeb Ahmed, a former security engineer at Amazon, is now facing the possibility of up to five years in prison,...

, by Ruholamin Haqshanas

South Korean Analysts: Global Crypto Market Cap to Hit $5T in 2024

South Korean crypto market analysts think the worldwide crypto market cap could hit the $5 trillion mark in 2024 as global adoption continues. Per Hanguk Kyungjae, the claims were made in a report published by the Korbit Research Center, part of the Korbit crypto exchange group. The...

, by Tim Alper

Bitcoin Miner Hut 8 to Build Out Mining Facility in Partnership with Celsius

Digital asset mining firm Hut 8 signed an interim agreement to build out and install crypto-mining facilities in collaboration with Celsius Network. In a Dec 18 press release, the Bitcoin miner signed the agreement linked to Celsius bankruptcy proceedings which will see the firm build out...

, by David Pokima

Tether’s USDT Stablecoin Depegs from US Dollar on Exchanges After Company Froze $435M

Tether’s USDT, the largest stablecoin by market capitalization, depegged from its intended $1 price amid growing scrutiny over the company’s December 15 announcement of a wallet-freezing policy in collaboration with law enforcement agencies including the DOJ, FBI, and Secret...

, by Trent Alan

South Korean City Busan Names Digital Exchange Preferred Bidder

The South Korean city of Busan is edging closer to the launch of a long-awaited blockchain-powered digital assets trading platform, and has named a preferred bidder. The city has previously pledged to launch the world’s first city government-run exchange before the end of 2023. This...

, by Tim Alper

Solana Saga Phone Fetches $5,000 on eBay Amid BONK Meme Coin Frenzy

In the midst of the BONK meme coin frenzy, Solana Saga phones, initially overshadowed by lackluster sales, have become unexpected stars on the resale market, with one device reportedly fetching a staggering $5,000 on eBay. According to completed listings, the Solana Saga phones, which were...

, by Fredrik Vold

Binance Crackdown Unleashes Unprecedented Scrutiny on Crypto Transactions

The recent crackdown on Binance by the US Department of Justice (DOJ) has triggered a seismic shift in how the crypto industry operates, with Binance now set to undergo what experts call an "unprecedented" level of scrutiny. The government scrutiny, which Binance has agreed to in its...

, by Fredrik Vold

Advisors May Drive Bitcoin ETF Flows in USA + More News

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Advisors May Drive Bitcoin ETF Flows, Says Needham US OFAC Fines Crypto Exchange $1.2M for Russia Sanctions...

, by Sead Fadilpašić

FTX Legal Fees Amount to $1.3 Million Per Day, Creditors Concerned

Bankrupt digital asset exchange, FTX has paid hundreds of millions in legal fees in a few months sparking reactions as creditors seek to recover their losses. Court filings show that over $118 million were billed on the exchange between August and October for professional legal fees with...

, by David Pokima

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