Treasury and IRS finish broker rules for DeFi, require KYC from protocols

The US Department of the Treasury and the Internal Revenue Service (IRS) have released the final version of its broker rules to digital assets services providers, which includes provisions on requiring DeFi... Read more »

Bitget unveils $5B BGB token burn as price jumps 100% in a week

Key Takeaways Bitget announced a $5 billion BGB token burn, removing 800 million tokens from circulation. BGB has surged 100% in the past week, backed by a growing user base and increased... Read more »

FBI Links North Korean Hackers to $308 Million DMM Exchange Breach

The FBI and other agencies linked a group of North Korean threat actors, known as ‘Tradertraitor,’ to May 2023’s $308 million hack of DMM, a Japanese exchange. The hackers used social engineering... Read more »

Rising crypto scams in France trigger crackdown by authorities

The rise of crypto has become a breeding ground for financial scams in France, contributing to a surge in fraudulent activity that has authorities scrambling to protect consumers. The Paris Public Prosecutor’s... Read more »

Russia Enacts Ban on Crypto Mining Operations in 10 Regions, Hints at Expansion

Russia recently enacted a ban on crypto mining operations in 10 regions until 2031, citing high energy consumption issues as the cause. Deputy Prime Minister Alexander Novak stated that this list might... Read more »

KULR latest to add Bitcoin to corporate treasury with $21 million acquisition

Energy company KULR Technology Group unveiled the start of its Bitcoin (BTC) treasury on Dec. 4 by acquiring 217.18 BTC for approximately $21 million, at an average purchase price of $96,556.53 per... Read more »

Bitcoin Miner Terawulf to Deliver 70 MW Data Center Infrastructure for AI Expansion

Terawulf Inc., a bitcoin miner and digital infrastructure provider, has signed agreements to deliver over 70 megawatts of data center infrastructure to Core42, a subsidiary of G42 specializing in artificial intelligence (AI)... Read more »

Montenegro court rejects Do Kwon’s extradition appeal

Montenegro’s Constitutional Court unanimously rejected Terraform Labs’ co-founder Do Kwon’s appeal regarding a verdict on his extradition over legal issues, Korea JoongAng Daily reported on Dec. 25. The decision clears the path... Read more »

Korean Hackers Lose Big Trading on Hyperliquid: Are They Poking for Holes?

Addresses linked to North Korean hackers have lost nearly half a million dollars betting on ether using Hyperliquid, a decentralized exchange with its own layer one (L1) blockchain platform. While rumors of... Read more »

Israeli firms set to introduce Bitcoin mutual funds, aligning with global crypto trends

Israel is set to introduce six Bitcoin-linked mutual funds on Dec. 31, marking a significant step in the country’s crypto investment landscape. local media outlets Calcalist and Globes reported.s The funds were... Read more »
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