The reorganization plan for the bankrupt cryptocurrency exchange FTX, which began its bankruptcy proceedings in November 2022, went into effect on January 3.

FTX has announced that its bankruptcy plan took effect on January 3, marking a critical step in its efforts to reimburse creditors.

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The world's largest cryptocurrency exchange secured regulatory authorization from the Brazilian government to buy the country's licensed broker-dealer Sim;paul, allowing Binance to penetrate the crypto market of the South American nation. Binance made history after getting a broker-dealer license from Brazilian state authorities, becoming the first cryptocurrency exchange to obtain such license in Brazil.

Rep. Mike Johnson of Louisiana has been re-elected as House Speaker with strong support from his Republican colleagues and President-elect Donald Trump. His victory is crucial for the cryptocurrency industry, as Johnson is a key supporter of important crypto legislation like FIT21 and opposes central bank digital currencies (CBDCs).

Airdrops are transforming blockchain engagement with almost $15 billion given to crypto users in 2024. Massive Surge in Rewards via Airdrops Airdrops have become highly valuable tools for marketing new crypto projects. According to an onchain analysis by Dropstab, a crypto aggregator, $14.

Pasar crypto dan meme coin kini sedang bangkit kembali. Top gainer dalam 24 jam terakhir termasuk $FOFAR (+184%), $CUMMIES (+88%), dan $CARLO (+68%).

Some in the crypto community assumed the IRS was backpedaling on reporting requirements, but all requirements are still firmly in place, the agency simply announced a grace period for exchanges to upgrade their technology.

2025 could be a game-changer for the cryptocurrency market, according to a new report from Steno Research. The report suggests that Bitcoin (BTC) could soar to $150,000, while Ethereum (ETH) might climb to $8,000.

Debut X Money yang segera tiba, atau yang dikenal juga sebagai X Payments, tengah memicu spekulasi luas di kalangan pengguna dan pengamat industri.

FTX has begun the process of distributing funds to creditors under its Chapter 11 Plan of Reorganization. The plan, effective as of January 3, 2025, marks a major step in resolving the fallout from the cryptocurrency exchange's collapse in November 2022.

While many in the cryptocurrency space adopt a “buy and hold” strategy, there are various active traders pursuing increasingly risky strategies in a bid to turn their balances into millions. One trader recently struck gold, managing to snipe the launch of a cryptocurrency to make over $1.25 million in just eight minutes.

Delphi Digital predicts that stablecoin monthly active addresses will surpass 50 million as adoption becomes a necessity for fintechs.

It finally happened. In 2024, bitcoin topped $100,000, capping off a year of growing mainstream adoption and technological innovation.

From all the options, Altura ($ALU), Dogecoin ($DOGE), Brett ($BRETT), BONK ($BONK), and Jupiter ($JUP) look like the top picks.

Coinbase has secured unredacted FDIC documents related to its investigation into "Operation Chokepoint 2.0," revealing efforts to restrict cryptocurrency activities by advising banks to pause engagement with crypto businesses during 2022. The post Coinbase Secures FDIC Unredacted Files in Operation Chokepoint 2.0 Probe appeared first on Cryptonews.

Cryptocurrency is already redefining how we spend money. Increasingly, people are moving away from traditional financial services and their providers to the convenience and decentralized systems that cryptocurrencies provide.

The FDIC told banks to stop working with crypto firms like Coinbase. This raises fears that crypto will be cut off from traditional banking, similar to the 2013 “Operation Choke Point.

E-Trade, the online stock trading arm of Morgan Stanley, is reportedly considering adding cryptocurrency trading. The move would make E-Trade one of the largest mainstream financial firms to offer crypto trading, The Information reported Thursday (Jan. 2).

Berman Jerry Nowlin, one of two men convicted in a cryptocurrency fraud scheme described by federal prosecutors as a “rug pull,” died by suicide just before Christmas, according to a report by Tampa Bay Times. The post Convict in ‘Undead Apes' NFT Scheme Takes Life Days Before Sentencing appeared first on Cryptonews.

Jesse Pollak, the core builder of the Coinbase Exchang-backed Ethereum layer-2 network Base has hinted at the plans for the tokenization of the firm's COIN stock available on the protocol. He shared this vision in a post on X where he said “every asset in the world will be on Base.

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According to the plan, certain FTX users claiming less than $50,000 could expect to see their funds returned within 60 days.

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The race to secure approval for crypto ETFs is heating up as the US SEC continues evaluating applications. Following the success of Bitcoin and Ethereum ETFs, attention has shifted to altcoins such as Solana (SOL), XRP, Litecoin (LTC), and Hedera (HBAR).

As we enter the new year, cryptocurrency has been enjoying a thriving environment, with every angle turning out in its favor.

The platform offers zero-commission trades, fractional shares, and incentives to attract early adopters.

Saga.xyz co-founder and CEO Rebecca Liao joins CoinDesk with her predictions on a breakout year for Web3 consumer apps. Plus, insights into the challenges faced by Web3 gaming.

OKX Ventures has invested in Haedal, a liquid staking protocol developed on the Sui blockchain. This strategic investment seeks to enhance decentralized finance capabilities by providing innovative staking solutions, contributing to the growth and diversification of the Sui ecosystem. The post OKX Ventures Invests in Sui-Based Liquid Staking Protocol Haedal appeared first on Cryptonews.

The Internal Revenue Service (IRS) is suspending the implementation of new tax rules that will affect investors who hold crypto assets in centralized exchanges. On July 9th, 2024, the Treasury Department and the IRS published the final rules for determining the order of selling crypto assets held in centralized finance (CeFi) platforms.

Crypto users lost $494 million to phishing attacks that drained their wallets in 2024. The Web3 security company Scam Sniffer disclosed this in its latest report, noting that it represents a 67% year-over-year increase.

After years of investigating and criticizing crypto, critics conceded that their long-predicted regulatory crackdown was unlikely to materialize.

The global cryptocurrency market is capitalized at over $3 trillion. Much of that value is concentrated at the top, among a few key digital tokens.

Meme tokens rallied in the past week, despite their lowered mindshare. The shift to an AI narrative has some overlap with memes, though traders rolled over from platform tokens into older meme assets.

Jacob King, an analyst with WhaleWire, has issued a warning about Bitcoin's trajectory and the broader crypto market. In a post on X, King highlighted key developments that he believes could trigger a prolonged bear market.

Crypto.com, a platform renowned for its cryptocurrency services, has taken a significant leap into traditional finance by launching stocks and exchange-traded funds (ETFs) trading for select US users. This initiative aims at merging traditional finance (TradFi) offerings with the platform's established crypto platform.

Anthony Scaramucci, the founder of SkyBridge Capital and former White House Communications Director, continues to be a prominent advocate for cryptocurrencies.

India is partnering with Google and Facebook to combat pig butchering scams, which exploit vulnerable groups through cryptocurrency fraud, as highlighted in the Union Home Ministry's 2024 report on rising cybercrime. The post India Partners with Google and Facebook to Combat Crypto Pig Butchering Scams: 2024 Report appeared first on Cryptonews.

Coinbase has acquired BUX Europe Limited, a Cyprus-based subsidiary, securing a CySEC license to offer financial products like CFDs and passport its services across the EEA. This move marks Coinbase's strategic adaptation to Europe's evolving crypto regulatory framework under MiCA. The post Coinbase Acquires Cyprus Subsidiary of BUX: Report appeared first on Cryptonews.

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In a latest develoment, Coinbase Global Inc has obtained the unredacted files from the Federal Deposits Insurance Commission (FDIC) in its ongoing investigation into its role in the Operation Chokepoint 2.0 agenda.

Digital asset prime broker FalconX acquired Arbelos Markets to expand its derivatives business and strengthen its position among cryptocurrency derivatives dealers.

Binance ex-CEO Changpeng “CZ” Zhao posted today that 2025 will be a “send it” year. This enigmatic statement has sparked excitement in the crypto community.

American crypto exchange Coinbase Global Inc has secured the unredacted files from the Federal Deposits Insurance Commission (FDIC) in its ongoing probe into its role in the Operation Chokepoint 2.0 agenda. According to the update from Coinbase CLO Paul Grewal, it took the FDIC a Court order to release the documents.

Georgia Representative Mike Collins has disclosed investments in Ether and other altcoins since taking office in 2023.

Ken Liem lost nearly $1M in a “pig butchering” crypto scam initiated via LinkedIn. The lawsuit accuses three Asian banks of failing to perform basic KYC and AML checks.

Crypto.com has launched stock and ETF trading for select U.S. users, marking a significant expansion beyond cryptocurrency. The new feature allows users to buy, sell, and transfer stocks and exchange-traded funds through the Crypto.com app.

Political tailwinds in the United States and anticipation of a friendlier regulatory climate are positive signs for the crypto industry.