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Vitalik Buterin’s Plans, Changpeng Zhao’s Hooks, Michael Saylor’s Shoppings and 20 Crypto Jokes

This week in crypto: Vitalik Buterin said he plans to redesign Ethereum staking and praised the UTXO payment model, MicroStrategy CEO Michael Saylor bought an additional $593 million worth of BTC, Reddit renounced Moons’ contract completing the decentralization of the token, and...

, by Sead Fadilpašić

This Supreme Court Case and IRS Broker Rule Together Could Redefine Crypto Taxation

A critical Supreme Court case and its ruling could redefine the taxation of digital assets. Intersecting with the vexed IRS broker rule announced earlier, this case may potentially reshape crypto tax reporting and compliance on a fundamental level. The case in question, Moore v. U.S., revolves...

, by Hongji Feng

3 Out of Every 4 Web3 Games Have Met Their Demise: CoinGecko Report

Three out of every four Web3 games launched in the past five years have met their demise, presenting a bleak outlook for GameFi industry. In a recent report, CoinGecko analyzed the launch and success rates of 2,817 games between 2018 and 2023. Shockingly, only...

, by Ruholamin Haqshanas

Hacker Drains Over $2 Million from Safe Wallet- What’s Going On?

A malicious actor has stolen over $2 million from Safe Wallet users in the past week through address poisoning theft raising the total victim count to 21. Several blockchain security firms have tracked suspected activity from different transactions resulting in losses from Safe Wallet...

, by David Pokima

French Court Acquits Hackers Accused of Targeting Avalanche Stablecoin Project Platypus

A French court has acquitted the individuals accused of orchestrating the $8.5 million hack on Platypus Finance, an automated market maker (AMM) protocol on the Avalanche blockchain. According to a report by Le Monde, the defendants, identified as Mohammed and Benamar M., were arrested...

, by Ruholamin Haqshanas

US Space Force Member Proposes Bitcoin’s PoW Systems in Cyberattack Prevention

Jason Lowery, a member of the United States Space Force, has proposed the use of proof-of-work (PoW) networks, like Bitcoin (BTC), as a means to protect the country from cyber-inflicted warfare. In a letter addressed to the US Defense Innovation Board, Lowery emphasized the broad strategic...

, by Ruholamin Haqshanas

Bitcoin Price Nears $41,000 Amid Broader Crypto Rally

Bitcoin price has surged past the $40,000 mark for the first time since early May 2022. Bitcoin's price had been hovering around the $40,000 level in recent days and finally breached it on late Sunday, trading above $40,750 as of the latest update, reflecting a 24-hour rise of nearly...

, by Jai Pratap

Digital Ruble Will Spark Russia’s ‘Biggest Monetary Reforms Since the 1990s’

The launch of the Russian digital ruble will trigger the nation’s “largest monetary reforms since the 1990s,” a media report has claimed. Per ProGorod, Russia’s CBDC project will be the biggest transformative event in the nation’s economic history since the...

, by Tim Alper

Solana DeFi Platform Jupiter Shares Airdrop Allocations – Here’s How to Check Eligibility

Jupiter, a decentralized exchange (DEX) aggregator running on the Solana (SOL) blockchain, has announced the opening of initial claims for its JUP token airdrop. In a recent post on X (formerly Twitter), the project said users can now begin claiming their tokens. The airdrop has been...

, by Ruholamin Haqshanas

Chinese Firms Can Now Make Digital Yuan Housing Fund Payments

Chinese firms can now use the digital yuan to pay into employee housing funds, as the nation’s banks look for new CBDC applications. Per the Guangzhou Daily (via the Guangzhou government’s website), the Guangzhou Housing Provident Fund Management Center has “launched...

, by Tim Alper

SEC Lawyers Warned by Judge for ‘Misleading’ Request in Crypto Case

A federal judge has warned attorneys from the Securities and Exchange Commission (SEC) regarding their "false and misleading" arguments in a court filing. The attorneys are accused of persuading the court to freeze the assets of a cryptocurrency firm based on misleading information, as...

, by Ruholamin Haqshanas

Bitcoin ETF Decision Dates Approach: What to Expect in January

The Securities and Exchange Commission (SEC)'s move to start a public comment period for spot Bitcoin (BTC) ETF applications earlier than expected has stirred up optimism around the launch of these products. On November 28, the SEC published filings instituting proceedings to...

, by Ruholamin Haqshanas

Elon Musk’s Verbal Outburst Sparks Surge in ‘GFY’ Meme Coins

There has been a surge in meme coins linked to Elon Musk following the billionaire's verbal outburst at X (formerly Twitter) advertisers. Meme coins have become a breeding ground for eccentric tokens inspired by various personalities and events. This week, the latest...

, by Ruholamin Haqshanas

Will Bitcoin Futures ETFs Crumble After Spot ETF Approval? Interview With ProShares

As Bitcoin (BTC) surged passed $38,000 in November, the ProShares Bitcoin Strategy ETF (BITO) has tapped a new all-time high for assets under management (AUM). On Tuesday, the fund’s Bitcoin futures contracts reached a record $1.47 billion in value. That’s up from $1.1 billion at...

, by Andrew Throuvalas

KyberSwap Announces Grants from Protocol Treasury to Aid Victims of Recent Exploit

The team behind KyberSwap announced that it would offer grants from the protocol's treasury to victims of the recent exploit, aiming to provide monetary relief. In a post on X (formerly Twitter), the team behind KyberSwap reiterates its unwavering commitment to supporting law enforcement and...

, by Hassan Shittu

Bitcoin Water Footprint Adds Pressure to Mining Regulations: Report

Popular Bitcoin (BTC) critic Alex De Vries says the asset uses about 16,000 liters of water which can fill a pool for each transaction on the network, a claim that has sparked diverse reactions. In a study released on Nov 29, De Vries opined that Bitcoin has a growing water footprint in...

, by David Pokima

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