Crypto exchange Crypto.com has launched a U.S. trust company dubbed Crypto.com Custody Trust Company.

As per the latest Bloomberg report, the Internal Revenue Service (IRS) has officially said that crypto staking is taxable, stating that tax liabilities arise as soon as staking rewards are received.

Crypto.com has introduced what it calls the first-ever sports event trading product. The new offering, dubbed “Sports” and announced Monday (Dec. 23) in an email to PYMNTS, lets American users of Crypto.com and the Crypto.

The wallet service provider was subjected to a more than $100 million hack in 2023.

The yield-bearing USD0 token, launched earlier this year, is now the seventh-largest stablecoin by market cap.

South Korea has teamed up with the US in efforts to fight against North Korean hackers linked to cryptocurrency heists, according to the latest reports.

Despite price corrections, digital assets funds closed the week with positive net flows totaling $308 million.

The Crypto Fear and Greed Index drops to 70 amid Trump's new appointments, signaling cautious optimism and potential market volatility.

The crypto industry is urging Donald Trump's team to begin his promised crypto policy changes when he becomes president next month. Industry officials say they want him to use executive orders to make cryptocurrencies more mainstream.

President-elect Donald Trump could issue an executive order pertaining to the crypto sector on his first day in office following his presidential inauguration on January 20, Reuters reported Monday.

AI agent tokens emerged as the top-performing category, representing 31% of the listings, followed by DeFi and meme coins.

President-elect Donald Trump has appointed Bo Hines as the Executive Director of the Presidential Council of Advisers for Digital Assets.

Like on Polymarket, people can bet on what team will win specific sporting events like the NFL Super Bowl.

Sonic SVM, the team behind SonicX and its popular tap-to-earn game, has announced plans to airdrop SONIC tokens to TikTok users. The announcement follows Sonic's milestone of onboarding over two million TikTok users on the game.

The ongoing market-wide crypto price crash has many investors, old and new, wondering what's happening and when it will end.

Nokia has reportedly applied for a patent focused on encrypting digital assets, local Chinese media outlet Sina Finance reported on Dec. 23. The patent was reportedly filed in June 2024, and the application was published under CN119155674.

The last quarter of 2024 saw a significant slowdown of both hacks and exploits. The year is set to close with $1.49B in losses, though only logging $3.9M in losses for December.

The recently-released 2025 Crypto Market Outlook report by Coinbase Institutional provides a comprehensive analysis of the cryptocurrency industry's trajectory. Cryptocurrencies are evolving beyond their speculative origins, with the total market capitalization surging 96% in 2024 to reach $3.4 trillion by December.

Will political influence save Sam Bankman-Fried from a 25-year sentence?

Binance Labs and Kraken Ventures led the $10 million Series A funding round for Usual, a decentralized fiat-backed real-world assets stablecoin issuer.

The cryptocurrency market has experienced significant losses in the aftermath of the Federal Reserve's December 18, 2024, policy announcement. Total cryptocurrency market capitalization has plunged from $3.66 trillion on December 17, just 24 hours before the Fed's announcement, to $3.16 trillion as of December 23. This $500 billion, or 13.

The crypto industry in 2024 was defined by a stark divide between heroes and villains. Regulatory hurdles led by Gary Gensler and anti-crypto politicians cast a shadow over it while hackers exploited vulnerabilities, inflicting massive losses.

Phoenix Group plans a Nasdaq dual listing in 2025 to expand its global market reach. The company operates 765 MW cryptocurrency mining facilities in the UAE, U.S., and Canada.

Global police network Interpol has reportedly issued a “Red Notice” for Richard Schueler, better known as Richard Heart. Heart is the creator of the crypto project Hex.

The blockchain developer ecosystem is shifting: fewer developers are entering the space, and experienced developers are dominating the work, Electric Capital's research report shows. Blockchain developers are key to the crypto industry.

A recent patent application revealed the company's development of a device, method, and program for encrypting digital assets. The patent was filed with China's National Intellectual Property Administration (CNIPA) and disclosed on December 23rd.

The crypto industry witnessed losses totaling $1.49 billion in 2024 due to hacks and fraud, marking a 17% decrease from 2023. The post Crypto Industry Lost $1.49B to Hacks and Fraud in 2024, a 17% Decline YOY: Immunefi appeared first on Cryptonews.

Two California men, Gabriel Hay and Gavin Mayo, have been indicted for reportedly defrauding investors in several NFT rug pull schemes that saw $22 million drained from victims. The post NFT Promoters Indicted On $22 Million Rug Pull Fraud Schemes appeared first on Cryptonews.

Binance Launchpool will add a 10-day period for farming Bio Protocol (BIO). The token will be listed on Binance from January 3.

This week, digital currency company Crypto.com made a splash with several announcements. Among them was a partnership with the Salvation Army, coinciding with the busy holiday season of Christmas donations. On top of that, the company debuted its very first sports event trading product and launched its U.S. trust entity, the Crypto.com Custody Trust Company.

In May 2021, the TerraUSD stablecoin, an algorithmic token, experienced a "depeg" event, briefly falling below its $1 value.

The crypto market has entered a more cautious phase, as the Fear and Greed Index—used to gauge market sentiment—dropped to 70 on Monday. This decline marks the lowest level since Donald Trump's presidential victory last month.

The collapse of FTX in November 2022 marked one of the most high-profile failures in cryptocurrency history. Sam Bankman-Fried (SBF), the founder of the exchange, was convicted on seven charges, including fraud, after a trial that concluded in November 2023.

The long-awaited Santa Rally seems to have come to a premature end – but you've still got the Christmas bonus burning a hole in your pocket. With Bitcoin finishing down last week for the first time since early November, investors are consolidating their positions.

Crypto ETPs saw net inflows last week, despite sell-offs driven by hawkish comments from the Federal Reserve, according to CoinShares.

Sonic SVM, the developer of TikTok App Layer SonicX, has unveiled an ambitious new initiative: an airdrop of $SONIC tokens for all TikTok users onboarded through its platform.

Binance users can now lock their BNB and FDUSD to farm Bio Protocol's BIO token in the next ten days.

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Donald Trump has appointed Bo Hines as the executive director of his administration's new "Crypto Council."

The Series A funding round was led by Framework Ventures and included contributions from UXTO Management, Presto Labs and Kenetic Capital

The platform also announced a transformative roadmap to support the mainnet launch including several new features and upgrades such as a Nominated Proof of Stake (NPoS) consensus mechanism.

Digital asset investment products saw $308 million in net inflows last week despite significant outflows of $1 billion over the final two days.

Despite being just a day away from Christmas Eve, the crypto market shows no signs of recovery, as Bitcoin, the flagship crypto asset, has failed to stay above $100,000.

The $55 million investment in crypto media platform The Block seeks to shape the future of the cryptocurrency industry, according to Forest Bai, co-founder of Foresight Ventures. In an interview with Benzinga, Bai recounted how the deal discussions started with a need for a baby gift for The Block's CEO, Larry Cermak, noting the unconventional beginning to what became a significant business transaction.

Crypto funds saw $1 billion in outflows at the end of last week, including $576 million in a single day, amid market jitters following a hawkish Fed stance.

AdEx, a prominent blockchain-based advertising platform, has introduced AdEx AURA, an advanced AI-powered tool designed to utilize public blockchain data from Ethereum (ETH) and Layer 2 to deliver personalized recommendations for users and developers, as learned by Finbold on Monday, December 23.

As the cryptocurrency landscape rapidly expands, users search for the most reliable wallets to ensure success. The perfect wallet offers robust security, ease of use, and features like multi-chain capabilities, detailed tracking tools, and more. This review highlights four standout wallets of the year: Plus Wallet, Exodus, Coinbase, and Trezor.