A recent Bloomberg report has revealed that in 2024, Singapore was able to solidify its position as a leading digital asset hub in Asia, surpassing Hong Kong in “regulatory efficiency and appeal” to crypto firms. Particularly, the city-state issued 13 crypto licenses this year, more than double the number granted in 2023.

With Donald Trump's victory in the U.S. elections, the cryptocurrency market has entered a strong growth phase, reigniting excitement across the space. A long-awaited milestone has been achieved with Bitcoin — its price has soared past the $106,000 mark.

Allo has secured a $100 million bitcoin-backed credit facility to expand its platform that helps institutions and individuals participate in crypto lending. The company's solution bridges traditional finance with blockchain technology, Allo said in a Tuesday (Dec. 23) press release.

According to local reports, the Russian government will ban crypto mining activities in ten key regions following the recent enactment of the new industry-related laws. It will also implement seasonal bans on other territories and potentially add more areas to the list amid the ongoing electrical crisis in the country.

Scammers have stolen approximately $500,000 by hacking over 15 X accounts in a coordinated attack targeting Solana meme coin investors, using phishing tactics to promote fraudulent tokens and trick unsuspecting victims into transferring funds. The post Scammers Steal $500K via X Account Breaches and Meme Coin Scams: ZachXBT appeared first on Cryptonews.

Non-fungible tokens (NFTs) outperformed their fungible peers over the past seven days, with the 10 largest collections registering a 6.4% average gain in the period, according to price aggregator NFT Price Floor. Meanwhile, the fungible token sector registered an average performance of negative 8.6%, with only native tokens from centralized exchanges recording positive returns.

The U.S. Department of Justice (DOJ) is charging two California men for allegedly masterminding a multimillion-dollar non-fungible token (NFT) investment scam.

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The Kris Marszalek-led Crypto.com announced a foray into sports betting Monday ahead of Super Bowl LIX in February. The post Crypto.com Launches Sports Prediction Market Ahead Of Super Bowl LIX appeared first on Cryptonews.

Senate-elect Bernie Moreno has been selected to serve on the Senate Banking Committee, a press release from Sen. John Thune shows. The post Incoming Pro-crypto Senator Bernie Moreno Tapped For Senate Banking Committee appeared first on Cryptonews.

DogWifHat ($WIF) has experienced a 30% drop, Shiba Inu ($SHIB) has decreased by 40%, and Pepe ($PEPE) has fallen by 35%. These substantial corrections have led investors to question the likelihood of an impending altcoin season.

India lost ₹6,000 crore in tax as crypto traders shifted to foreign platforms. Offshore exchange activity by Indians rose 77% despite government restrictions.

For crypto, 2024 was the best of times and the dumbest of times. Here are 69 of 420 dumbest moments of the year.

North Korean hackers stole $308 million in Bitcoin (BTC) from Japanese cryptocurrency exchange DMM in May 2024, federal investigators confirmed Tuesday. The FBI, Japan's National Police Agency and the Department of Defense Cyber Crime Center identified the North Korean group known as “TraderTraitor” as responsible for the theft of 4,502.

A single mistake in crypto regulations can result in imprisonment or the loss of millions of dollars to legislators. Consequently, investors worldwide need to understand the tax implications of owning, trading, and earning digital assets.

Cryptocurrencies are becoming increasingly integrated into the modern financial reality, and like any other asset, they are subject to taxes. As a relatively new and rapidly growing asset class, cryptocurrencies attract increasing interest from investors and governments.

From controversial founders to outright scammers, these seven crypto figures landed on Ol' Saint Nick's “naughty list” in 2024.

President-elect Donald Trump has appointed Bo Hines, a former Republican Congressional candidate, to serve as executive director of his new “Crypto Council.” Trump says on the social media platform Truth Social that the group, formally known as the Presidential Council of Advisers for Digital Assets, will be “composed of luminaries from the crypto industry.

Daiwa Securities CEO calls for the introduction of crypto ETFs in Japan while acknowledging that his company may not achieve profitability in 2025.

Kraken and SEC filed a joint stipulation and proposed order over a discovery dispute.

Brian Armstrong, the Coinbase boss, already cleared an extra $129 million in personal stock sales over the pre-election price, and his stake in the company is up over $2 billion.

Security innovations across the DeFi sector such as ZKPs helped mitigate vulnerabilities.

Crypto miners in at least ten Russian regions are prohibited from continuing their operations from January 2025 until March 2031.

In the latest development, crypto exchange Kraken and the US SEC have filed a joint stipulation and proposed order. The action comes as Kraken plans to file an objection to a recent order issued in favor of the SEC.

Binance and its founder Changpeng Zhao (CZ) have requested the dismissal of the SEC's lawsuit, arguing that the agency failed to demonstrate how the complaint meets the Howey test.

There is rising speculation that U.S. President Joe Biden may grant a presidential pardon to Sam Bankman-Fried (SBF), the former CEO of the collapsed FTX exchange.

Industry executives say Bitcoin staking, tokenized RWAs and AI agents will reshape the cryptocurrency ecosystem.

In December 2024, Binance, the world's leading cryptocurrency exchange by trading volume, ramped up its efforts to maintain a high-quality and secure trading environment by delisting a number of tokens. The exchange's decisions come amid ongoing market uncertainty and regulatory pressure, signaling a more cautious approach as it prepares for the challenges of 2025.

Russia has decided to implement a cryptocurrency mining ban in several regions starting January 1, 2025, in an effort to prevent power shortages as the country braces for a harsh winter.

Memecoins' position in digital culture and celebrity sponsorships have raised their notoriety. Many connect them with entertainment rather than usability.

Binance, the largest cryptocurrency exchange by trading volume, is introducing a new token as part of a decentralized science initiative.

Bernie Moreno, a Republican businessman and cryptocurrency advocate, has been elected as the new Senator from Ohio, dethroning Sherrod Brown.

TL;DR DeFi reduces losses by 40% thanks to improved security measures, including robust bridges and advanced cryptographic techniques. Attacks on CeFi rise sharply, surpassing $694 million in total losses due to increased vulnerabilities in centralized systems.

GCL Energy and Ant Digital collaborate to tokenize residential photovoltaic assets worth $27 million in Hubei and Hunan. The partnership employs blockchain to boost transparency in green energy projects, linking renewable assets to global financial markets through RWA tokenization. The post GCL Energy and Ant Digital Partner on Photovoltaic RWA Tokenization appeared first on Cryptonews.

TL;DR The United States reclaims its leadership in the crypto market thanks to Donald Trump's return and the growth of Bitcoin ETFs. The U.S. share of Bitcoin-to-dollar transactions has increased from 40% in 2021 to 53% in 2024.

These seven crypto industry figures landed on Ol' Saint Nick's “nice list” for fostering trust in the future of crypto and blockchain networks.

Kenneth Farrugia, CEO of Malta Financial Services Authority, discusses how Malta became a pioneer in crypto regulation by implementing the Virtual Financial Assets (VFA) framework in 2019, well before other jurisdictions took similar steps. Fastex is a leading Web3 ecosystem that integrates blockchain and AI technology.

According to RootData statistics, 1,530 publicly disclosed crypto venture capitalist (VC) investment rounds occurred in 2024, a whopping 25.1% increase from the previous year.

Decentralized science (DeSci) has been making strides in the crypto community this year, creating expectations on how the use of blockchain technology and tokenized funding novels can produce research beyond traditional systems. BeInCrypto spoke with VitaDAO's Maria Marinova to understand DeSci's funding model, its use of decentralized autonomous organizations (DAOs) for transparency and governance, and the movement's future prospects.

According to the Web3 Security Report by Hacken, crypto hack losses remained at $2.3 billion in 2024.

HIVE Digital Technologies (NASDAQ:HIVE) announced on Tuesday its acquisition and deployment of advanced Nvidia Corp (NASDAQ:NVDA) H100 and H200 GPU clusters in Quebec, Canada. This strategic $30 million investment aims to strengthen HIVE's position in artificial intelligence (AI) and high-performance computing (HPC) and enhance its role in the digital transformation landscape.

Russia bans crypto mining activity in 10 selected regions for 6 years, starting from 2025. The purpose of the crypto mining ban is to balance energy consumption and to prevent power outages.

Crypto exchange Kraken and the U.S. Securities and Exchange Commission (SEC) have filed a joint stipulation and proposed order. The move comes as the leading crypto exchange plans to file an objection to a recent order in favor of the securities regulator.

In 2024, the crypto space was awash with talk about meme coins, making them the most popular crypto narrative.

Did you know another big crypto surge is coming next year? The market has seen sharp volatility recently, with Bitcoin dropping below $100,000 to $94,237. This 5.9% decline over 24 hours was caused by Federal Reserve announcements of slower interest rate cuts in 2025.

A widely followed analyst is leaning bullish on a decentralized finance (DeFi) token built in the Ethereum (ETH) ecosystem. The analyst pseudonymously known as CredibleCrypto tells his 449,900 followers on the social media platform X that his “highest conviction” bet based on the risk-reward ratio is Curve DAO (CRV).

Crypto industry executives share with Cointelegraph what they expect for the now $200 billion stablecoin market next year.

2024 has seen a dramatic surge in interest in meme coins, with almost a third of investor interest focused on speculative tokens rather than fundamental projects.