DekaBank Receives Green Light from BaFin and ECB for Crypto Custody
DekaBank has officially secured a crypto custody license under Germany’s Banking Act (KWG), positioning it alongside Commerzbank as one of the few traditional German banks entering the crypto sphere. However, in classic German fashion, this move is accompanied by a robust regulatory framework to ensure everything operates with precision. While BaFin has issued crypto custody […]
Is the UAE Really Holding $40 Billion in Bitcoin? Fact or Fiction?
The crypto community has been buzzing recently with claims that the United Arab Emirates (UAE) now holds a staggering $40 billion worth of Bitcoin. This rumor, however, has raised skepticism, with prominent crypto analyst Bitcoin Archive questioning the validity of such a claim due to the lack of concrete evidence. So, is this story fact […]
What Does Bitcoin’s Future Look Like in 2025 as Donald Trump Returns to the White House?
2024 marked a transformative year for Bitcoin. The approval of the first Bitcoin spot ETFs in the United States, the cryptocurrency’s record-breaking all-time high, and the occurrence of the fourth Bitcoin halving in April all contributed to its rise. Currently, Bitcoin’s price has surpassed $84,000, reflecting a 142% increase since the start of the year […]
Analysts Predict Major Growth for Ether ETFs in 2025
Ether-focused exchange-traded funds (ETFs) are experiencing a surge in popularity, with experts forecasting a robust performance in 2025 that could outpace Bitcoin ETFs. Data from CoinShares reveals that Ether ETFs have recorded seven consecutive weeks of net inflows as of December 16, including an impressive $2.2 billion inflow during the week of November 26—a record […]
El Salvador Acquires 11 BTC Shortly After Finalizing IMF Agreement
El Salvador has made a notable Bitcoin purchase, acquiring $1 million worth of the cryptocurrency shortly after securing a $1.4 billion financing deal with the International Monetary Fund (IMF), which includes restrictions on the country’s involvement with Bitcoin. On Dec. 19, the country’s National Bitcoin Office announced via an X post that it had transferred […]
Bitcoin Correction Nearing End as Weekly Realized Losses Surge
Bitcoin’s price chart has now shown three consecutive daily red candles, a pattern not observed since early November. That instance coincided with the lead-up to Donald Trump’s U.S. presidential election victory. Interestingly, the last time this pattern emerged, Bitcoin retested its 50-day exponential moving average (EMA). Following a more than 15% drop from its all-time […]
Bitcoin and Crypto Markets Drop Following Fed’s Rate Cut Projections
Crypto markets experienced another downturn on Thursday, extending the sharp declines that began on Wednesday after Federal Reserve Chair Jerome Powell dampened expectations for interest rate cuts in 2024. Bitcoin (BTC) briefly attempted to regain the $100,000 mark earlier in the day but fell back to the low-$97,000 range during U.S. trading hours. It managed […]
Hailey Welch Faces Legal Trouble Over Hawk Tuah Cryptocurrency Project
Social media influencer Haliey Welch is at the center of a legal battle over her Hawk Tuah crypto venture, as reported by Newsweek. Known widely as the “Hawk Tuah Girl,” Welch is facing accusations related to her meme coin project, which saw its value plunge by 95% within hours of launch. The token, introduced earlier […]
Fake Bitcoin Creator Craig Wright Sentenced to One Year in Prison
Craig Wright, the man who controversially claimed to be the creator of Bitcoin, has been sentenced to one year in prison for contempt of court. The sentence stems from a $1.2 trillion lawsuit he filed against Block, the company founded by Twitter’s Jack Dorsey. Wright, an Australian entrepreneur, gained attention in 2016 when he publicly […]
Federal Reserve Lowers Interest Rates by 25 Basis Points Ahead of 2025
The Federal Reserve has implemented its third consecutive interest rate cut, according to an official statement released today. This latest reduction underscores progress in the ongoing fight against inflation as the nation transitions into a new presidential administration. The 25-basis-point cut follows similar reductions in November 2024 and September 2024, marking a significant policy shift […]