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North Korean crypto network in UAE hit by U.S. sanctions
The United States has hit a North Korean-linked crypto laundering operation in the UAE with new sanctions. The Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals—Lu Huaying and Zhang Jian—along with a UAE-based front company, Green Alpine Trading, LLC, for laundering millions in illicit funds. The network funneled stolen cryptocurrency back […]Cryptopolitan
Tue, Dec 17
“This will be the most pro-digital asset administration ever,” says Sen. Cynthia Lummis
Senator Cynthia Lummis believes 2025 will be a key year for Bitcoin, with the U.S. leading in digital assets under David Sacks. She proposes a Bitcoin reserve to protect against inflation and increase the dollar value. And believes the most pro digital asset administration ever. The year 2025 is looking like a big moment for […]Cryptopolitan
Tue, Dec 17
Could MicroStrategy go bankrupt if Bitcoin drops?
MicroStrategy holds over 439,000 Bitcoins worth $46 billion. Should the price of BTC plunge, CryptoQuant CEO Ki Young Ju believes the firm may not face bankruptcy, stating it will only happen “if an asteroid hits Earth.” The company continues to profit, with a 72.4% yield this year and a stock surge of 540% in 2024. […]Cryptopolitan
Tue, Dec 17
Bitcoin ETFs overtake Gold ETFs in US market with rapid 11-month growth
US Bitcoin exchange-traded funds (ETFs) now have more assets under management (AUM) than Gold ETFs. Vetle Lunde, Head of Research at K33 Research, posted the milestone, noting the Bitcoin ETFs’ rapid growth. Lunde pointed out that the crypto products have a combined value of approximately $129.25 billion, while the precious metal investment vehicles have assets […]Cryptopolitan
Tue, Dec 17
Former finance minister says Germany is not recognizing Bitcoin’s value
Christian Lindner, the former Finance Minister of Germany, questioned the country’s leaders for not adopting Bitcoin’s economic opportunities, especially as the U.S. moves forward with crypto innovation. The leader of the Free Democratic Party (FDP) Christian Lindner questioned the German government for failing to adopt Bitcoin’s economic opportunities. He pointed out that key German leaders […]Cryptopolitan
Tue, Dec 17
Nvidia stock tanks on FUD, competition spike
Nvidia stocks dropped over 2% in the early hours of today as investors became increasingly concerned about AI spending. Investors argue that the spending that has been instrumental in the company’s growth could diminish or extend to its competitors. The decline follows comments from Microsoft and Google that their AI expenditures will expand at a […]Cryptopolitan
Tue, Dec 17
China sets historic 4% GDP deficit for 2025 spending plans
China’s leadership has approved its most aggressive fiscal stance ever, setting a record-high budget deficit target of 4% of GDP for 2025. The decision comes as the country braces for economic headwinds and prepares for a new round of trade pressures, particularly from the United States. Alongside the deficit boost, China has locked in its […]Cryptopolitan
Tue, Dec 17
Geopolitics to weigh on semiconductor industry in 2025: KPMG survey
The semiconductor industry is poised for a good 2025, but geopolitical tensions and trade restrictions are seen offsetting further growth, according to a recent KPMG study. According to a KPMG 20th annual Global Semiconductor Outlook report by the US audit, tax, and advisory firm, as well as the Global Semiconductor Alliance (GSA), executives in the […]Cryptopolitan
Tue, Dec 17
Anti-crypto SEC Commissioner Caroline Crenshaw gets kicked out
Caroline Crenshaw is out. The SEC commissioner, famous for her anti-crypto stance, won’t be getting a second term. The Senate Banking Committee abruptly canceled tomorrow’s scheduled renomination vote. Just like that, one of crypto’s most vocal adversaries is off the field. Crenshaw’s four-year run in the U.S. Securities and Exchange Commission (SEC) left a trail […]Cryptopolitan
Tue, Dec 17
Why Powell and the Fed should hold off on rate cuts next year
Jerome Powell and the Federal Reserve are staring down a market that’s already counting on a rate cut this month. Investors have latched onto the latest inflation numbers like it’s a done deal — but it’s not. The Fed’s target is 2%, and the path to get there isn’t as smooth as Wall Street wants […]Cryptopolitan
Tue, Dec 17
PENGU early investors sell $9m in tokens, raising dumping concerns
The PENGU project is facing concerns after early investors reportedly sold off a significant chunk of tokens, triggering fears of a market dump. Combined with massive profits by traders and a sharp price drop, the project can now be under scrutiny as its valuation takes a hit. PENGU early investors take profit by dumping tokens […]Cryptopolitan
Tue, Dec 17
