News
Important Only
Nvidia faces legal action from shareholders over crypto revenue
The U.S. Supreme Court allowed a lawsuit against Nvidia over underreporting $1.35 billion in crypto revenue, leading to $3.8 billion in losses. Supported by the DOJ and SEC, the case could set a precedent for transparency in crypto mining. Despite legal challenges, Nvidia’s revenue surged 190% in 2023. On December 11, 2024, the U.S. Supreme […]Cryptopolitan
Dec 12, 2024
Judge tells FDIC to rethink redactions on Coinbase ‘Pause Letters’
A federal judge has ordered the Federal Deposit Insurance Corporation (FDIC) to fix its redaction mess in letters sent to banks over crypto services. Judge Reyes said the FDIC showed a “lack of good-faith effort” in complying with a court mandate. According to him, the agency blanketed nearly everything with black ink, leaving out only […]Cryptopolitan
Dec 12, 2024
El Salvador partners with Argentina and plans digital asset deals with 25+countries
El Salvador, the first country to make Bitcoin legal tender, is partnering with Argentina to create digital asset regulations. This move is part of El Salvador’s plan to collaborate with over 25 countries, sharing expertise to build effective crypto regulations in Latin America. On December 11, Juan Carlos Reyes, president of El Salvador’s National Commission […]Cryptopolitan
Dec 12, 2024
BlackRock: Bitcoin offers top return potential, but keep allocation at 1-2%
Bitcoin’s potential for returns is undeniable, but BlackRock, the world’s largest asset manager, is telling investors to pump the brakes. In its latest analysis, the company recommends keeping Bitcoin allocations to a cautious 1-2% of a portfolio. This is a measured strategy to balance its sky-high return potential against its wild price swings and unique […]Cryptopolitan
Dec 12, 2024
Grayscale launches investment vehicles, Lido DAO Trust and Optimism Trust
Grayscale Investment announced the launch of two investment vehicles on December 12. Grayscale Lido DAO Trust and Grayscale Optimism Trust will offer investors exposure to the governance tokens of Optimism Protocol, OP, and Lido DAO, LDO.Cryptopolitan
Dec 12, 2024
Argentine President Javier Milei promises a Bitcoin-friendly economy and sweeping tax cuts
Argentina’s president, Javier Milei, is turning the country’s battered economy on its head with straight up the boldest reform agendas in its history. After a year in office, Milei is following through on his promises to dismantle traditional systems, drastically cut taxes, and make Bitcoin a legitimate currency in Argentina by 2025. With a libertarian […]Cryptopolitan
Dec 12, 2024
Paris-based financial group Oddo is working on a stablecoin
According to reports, Oddo BHF SCA is developing a euro-denominated stablecoin. The financial group, headquartered in Paris, anticipates that the token will be released next year, although it is subject to regulatory approval. The initiative will bring the company into an increasingly crowded market. Stablecoins’ low volatility has made them a popular choice among crypto […]Cryptopolitan
Dec 12, 2024
Trump doubles down on crypto and Wall Street ambitions with more promises
Donald Trump walked into the New York Stock Exchange (NYSE) today with the swagger of a man who just won it all — again. Fresh off a historic comeback and solid Republican control of Congress, the president wasted no time pushing his economic agenda. He even rang the opening bell himself. This first public act […]Cryptopolitan
Dec 12, 2024
