News
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Binance’s 25th Proof of Reserves shows a drop in BTC and a rise in ETH and USDT
Binance’s 25th Proof of Reserves report shows strong reserve ratios for Bitcoin (108.21%), Ethereum (102.68%), and Tether (108.96%). These reports, now regularized by Binance and other exchanges, are a bid to prove user funds are fully backed and accessible, building trust after the FTX collapse. Binance released its latest Proof of Reserves report on Tuesday, […]Cryptopolitan
Tue, Dec 10
Bloomberg editorial criticizes U.S. proposed Bitcoin reserve as “biggest crypto scam”
A Bloomberg editorial published recently has condemned the recent U.S. government’s plan to create a strategic Bitcoin reserve calling it a probable major scam in the cryptocurrency market. The editorial also notes that it is unclear what aims the initiative serves and that it entails certain fiscal risks for taxpayers. The editorial notes that while […]Cryptopolitan
Tue, Dec 10
South Korea delays crypto tax until 2027 due to investor backlash
South Korea has postponed the 20% crypto tax until 2027 and removed the Financial Investment Income Tax to increase market activity. South Korea adjusted its financial regulations by postponing the implementation of a cryptocurrency tax until 2027. This follows global trends, with countries like the Czech Republic, Russia, and Italy adjusting their crypto tax rules […]Cryptopolitan
Tue, Dec 10
Will quantum computing crack Bitcoin? Here’s what Satoshi Nakamoto said to do
In light of the renewed conversations surrounding the potential risks to Bitcoin after Google unveiled its Willow quantum computing chip, the community has revisited Satoshi’s earlier insights in preparation for a scenario where SHA-256 might be compromised. Google recently unveiled its quantum computing chip, Willow, which can resolve computational problems nearly 1025 times quicker than […]Cryptopolitan
Tue, Dec 10
Shiba Inu Burn Skyrockets 1,068% Amid Market Bleed, Can Bullishness Push Price Above $0.00003 Again?
The Shiba Inu burn rate has seen a turnaround, skyrocketing by 1,068% despite the meme coin’s recent price decline. This unexpected Shiba Inu burn recovery comes amid a bearish marBitcoinist
Tue, Dec 10
Bitcoin miner MARA acquires 11,774 BTC for $1.1 billion
Bitcoin miner MARA on Tuesday confirmed an acquisition of 11,774 BTC for $1.1 billion, increasing its total Bitcoin holdings to 40,435 BTC. MARA is the second-largest public corporation in terms of Bitcoin holdings, following MicroStrategy, which has the largest holding of 423,650 BTC. MARA’s acquires more Bitcoin – Details MARA disclosed the details of its […]Cryptopolitan
Tue, Dec 10
Ripple’s RLUSD stablecoin gains NYDFS approval
Ripple’s RLUSD stablecoin has now received approval from the New York State Department of Financial Services (NYDFS). This is quite a big win for Ripple as the dollar-pegged token now complies with one of the most rigid rules in the United States. The stablecoin is expected to be launched on major cryptocurrency exchanges in the […]Cryptopolitan
Tue, Dec 10
Attackers are using fake Telegram groups and Twitter accounts to target crypto users with sophisticated scam tactics
Web3 anti-scam platform Scam Sniffer has identified a new strategy by crypto scammers to target users on Telegram. In a post on X, the platform observed that these bad actors now use fake Telegram groups and the impersonation of crypto personalities. According to Scam Sniffer, crypto bad actors rely heavily on the Telegram Safeguard Bot […]Cryptopolitan
Tue, Dec 10
Marvel Rivals reaches millions at launch, what’s the key factor behind its success?
Marvel Rivals featuring mighty heroes of the Marvel universe is a free-to-play new hero shooter by NetEase.The title has been a success and the director credits it to the unique and powerful nature of the characters. The game is available for free on Steam, Xbox Series and PS5. According to the stats of Steamdb, it […]Cryptopolitan
Tue, Dec 10
‘Luigi Coin’ soars 35,000% after arrest of alleged shooter Luigi Mangione
“Luigi Coin” shot up an unbelievable 35,000% in value after the arrest of Luigi Mangione, the man accused of murdering UnitedHealthcare CEO, Brian Thompson. The cryptocurrency, a largely forgotten meme token, surged to a $55 million market cap and saw over $100 million in trading volume within 24 hours. This surreal surge comes as the […]Cryptopolitan
Tue, Dec 10
Microsoft shareholders reject Bitcoin treasury proposal
Microsoft shareholders rejected a proposal to invest in Bitcoin, following the board’s concerns about volatility. Major institutional investors, like Vanguard and BlackRock, supported the board’s stance. Meanwhile, Microsoft is prioritizing AI innovation over cryptocurrency investments. The company’s shareholders have officially voted against a proposal to incorporate Bitcoin into the company’s treasury holdings, which shows an […]Cryptopolitan
Tue, Dec 10
XRPAW MEME Presale Gains Massive Momentum, As Investors Rush to Join The Next Viral Memecoin on XRP Network
In just one week, XRPAW MEME ($XPAW) token presale has taken the memecoin world by storm, with investors flocking to secure their stake in what’s being hailed as the next major virBitcoinist
Tue, Dec 10
China stocks surge after leaders signal stronger economic support
China's stocks shot upward after the politburo vowed to use ‘unconventional’ stimulus methods to boost and stabilize both the domestic stock and property markets. The CSI 300 Index rose by 3.3% as the market positively responded to the policymakers' promise to implement a ‘more proactive’ monetary policy.Cryptopolitan
Tue, Dec 10
