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news-imageJanuary 17, 2025

Coinbase partners with Morpho to introduce Bitcoin-backed loans on Base

Coinbase announced a partnership with money market Morpho on Jan. 16 to offer on-chain USD Coin (USDC) loans backed by Bitcoin (BTC), according to a Jan. 16 release. The service will allow Coinbase users to borrow USDC by pledging Bitcoin as collateral.
Publisher: CryptoSlate
Sentiment: Positive
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cover-imageCoinPedia
January 17, 2025

South Korean Woman Steals $480,000 in Crypto to Pay Off Debts

A South Korean woman has been arrested for allegedly stealing a friend's $480,000 (700 Million won) worth of cryptocurrency to pay off her debts. The incident occurred after the woman met her victim on a chat app a few months ago.

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Positive
cover-imageBitcoin
January 17, 2025

US Lawmaker's New Role Could Skyrocket America's Digital Assets Sector

Tom Emmer's new appointment in Congress signals a push to foster an environment where digital asset innovation flourishes under pro-technology, American-led values. The Future of Digital Assets: A Powerful New Direction From Congress Congressman Tom Emmer of Minnesota has been appointed Vice Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence.

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Positive
cover-imageCoinPedia
January 17, 2025

Why is Crypto Market up Today?

The crypto market is back on the rise, with its total value reaching $3.57 trillion after a 2.5% increase in the past 24 hours. Bitcoin, the largest cryptocurrency, is leading this recovery, trading at $101,380. Other top coins, including XRP, Solana, and Dogecoin, also saw strong gains of 8.5%, 7%, and 3.8%, respectively.

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Neutral
cover-imageCryptopolitan
January 17, 2025

Scott Bessent rejects U.S. CBDC, signaling possible policy shift

In a Thursday Senate confirmation hearing, President-elect Donald Trump's Treasury Secretary nominee, Scott Bessent, dismissed the idea of a U.S. central bank digital currency (CBDC), easing the concerns some crypto observers have held for a long time. Scott Bessent said at the Senate Finance Committee, “I see no reason for the U.S.

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Positive
cover-imageReuters
January 17, 2025

Trump's inauguration marks new era for cryptocurrency

Advocates and holders of crypto will soon influence U.S. policy on the emerging technology after a slew of nominations and advisory appointments by President-elect Donald Trump, who takes office on Monday.

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Positive
cover-imageCoinPedia
January 17, 2025

SEC Faces Backlash as Coinbase Secures Legal Victory: What It Means for Crypto

Earlier this week, a three-judge bench in the Third Circuit ruled in favor of Coinbase Global Inc. (NASDAQ: COIN) in the case filed by the U.S. SEC. The U.S. SEC accused Coinbase of operating as an unregistered national securities exchange, broker, and clearing agency.

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Negative
cover-imageTokenpost
January 17, 2025

Trump Treasury Secretary Nominee Opposes U.S. CBDC Implementation

Scott Vessant, considered a leading candidate for Treasury Secretary under President-elect Donald Trump, has expressed opposition to the idea of the U.S. adopting a central bank digital currency (CBDC). According to CoinTelegraph on January 17, Vessant articulated his stance during a Senate Finance Committee hearing on January 16.

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Negative
cover-imageNewsBTC
January 17, 2025

Pro-Bitcoin Senator Accuses FDIC Of Sabotaging Digital Asset Documentation – Details

In a significant development for the ongoing discourse surrounding the digital asset sector, US Senator Cynthia Lummis (R-WY) has raised serious allegations against the Federal Deposit Insurance Corporation (FDIC). In a letter directed to FDIC Chair Marty Gruenberg, Lummis claims whistleblowers from within the agency have reported efforts to destroy documentation related to the FDIC's digital asset activities.

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Positive
cover-imageBitcoin
January 17, 2025

Namibia Flips the Script: Central Bank Grants Provisional Approval to Crypto Firms

On Jan. 13, the Bank of Namibia announced provisional authorization for two entities, Mindex Virtual Asset Exchange and Landifa Bitcoin Trade, to operate as virtual asset service providers. Provisional Authorization First Step in Two-Step Licensing Process The Namibian central bank announced on Jan.

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Positive
cover-imageCoingape
January 17, 2025

US President-elect Donald Trump To Make Cryptocurrency a National Priority; Report

Bitcoin price has surged past $102,000 after news broke that President-elect Donald Trump plans to designate cryptocurrency as a national priority. According to multiple reports, the incoming administration is preparing executive orders aimed at boosting the cryptocurrency sector, including new policies to support industry growth and streamline regulations.

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Negative
cover-imageCryptoSlate
January 17, 2025

Crypto developer sues DOJ over Biden-era regulatory crackdown

Blockchain developer Michael Lewellen has filed a lawsuit against the US Department of Justice (DOJ), accusing the President Joe Biden administration of stifling innovation in the crypto sector through overly broad interpretations of federal money-transmission laws. Lewellen's lawsuit centers on his work with Pharos, a non-custodial protocol that facilitates trustless and transparent crowdfunding campaigns.

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Positive
cover-imageCryptoSlate
January 16, 2025

Brand matters more than AUM in crypto investment products

In traditional finance, assets under management (AUM) are often the most important metric for evaluating investment products. However, Bitwise's 2025 benchmark survey revealed a departure from this convention in the crypto market — financial advisors prioritize brand reputation and specialized expertise over AUM when selecting crypto investment vehicles.

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Positive
cover-imageCrypto Briefing
January 16, 2025

Trump to make crypto a key national priority

Trump prioritizes crypto as national policy, proposing an advisory council and executive order to shift from prior regulations. The post Trump to make crypto a key national priority appeared first on Crypto Briefing.

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Negative
cover-imageBitcoinist
January 16, 2025

BitMEX Slapped With $100 Million Fine For Violating Anti-Money Laundering Laws

BitMEX, the cryptocurrency trading platform, has incurred a substantial $100 million penalty for contravening US anti-money laundering (AML) requirements. This penalty arises from the company's noncompliance with the US Bank Secrecy Act (BSA), which permitted unlawful transactions on its platform for multiple years.

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Negative
cover-imageCoingape
January 16, 2025

Senator Cynthia Lummis Threatens Action Over Alleged FDIC Document Destruction

Senator Cynthia Lummis has issued a warning to the Federal Deposit Insurance Corporation (FDIC) regarding allegations of document destruction related to “Operation Choke Point 2.0” (OCP 2.0). Whistleblowers have accused the agency of withholding and destroying materials tied to the alleged anti-crypto campaign.

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Neutral
cover-imageCrypto Briefing
January 16, 2025

Trump Treasury nominee Scott Bessent rejects need for US CBDC

Trump's Treasury nominee, Scott Bessent, opposes a US CBDC, arguing it's unnecessary given existing secure US assets. The post Trump Treasury nominee Scott Bessent rejects need for US CBDC appeared first on Crypto Briefing.

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