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Cryptography News
Cryptoslate
2w
103
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Craig Wright dodges prison as UK court suspends contempt sentence
- Craig Wright, who falsely claimed to be Bitcoin's creator, has been sentenced to one year in prison for contempt of court.
- The judge suspended the sentence for two years, meaning Wright will only face incarceration if he violates court orders during this period.
- Wright claims to be in Asia, and his current geographic distance could complicate the enforcement of his sentence if he re-offends.
- COPA, a nonprofit group, secured a reimbursement of £145,000 in legal costs, while Wright plans to appeal the rulings.
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Zycrypto
2w
402
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Bitcoin Slides Towards $96,000 After Fed Chair Powell Speaks Against Trump’s Strategic BTC Reserve Plan
- U.S. Federal Reserve Chairman Jerome Powell clarified that the Fed cannot own Bitcoin, hindering President-elect Donald Trump's plan for a national strategic Bitcoin reserve.
- Bitcoin's price dropped below $100,000 following Powell's comments and is currently valued at $96,847, down 6.2% on the day.
- Powell stated that any potential changes to allow BTC ownership would require Congressional action.
- Former President Donald Trump supports a bill proposed by Wyoming Senator Cynthia Lummis, which suggests buying 5% of the total Bitcoin supply for a strategic reserve, but it's uncertain if the bill will gain broad support.
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Zycrypto
2w
281
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Marinade Finance Boosts Solana Ecosystem with Strategic Supersol Investment
- Marinade Finance has made a strategic investment in SuperSol to support the growth of the Solana ecosystem.
- Solana's rapid growth is driven by scalability, performance, and solutions to key blockchain problems.
- Supersol aims to enhance Solana's scalability for decentralized applications and physical infrastructure networks.
- Marinade Finance's investment will help accelerate Supersol's development and improve Solana's capabilities.
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Cryptonewsz
2w
73
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XRP Whales Buy Another 110M XRP, $6 Price Target Next?
- XRP whales have added 110 million XRP to their holdings within the last 24 hours.
- XRP price experienced a 6.23% drop, trading at $2.19.
- Technical indicators suggest further price volatility, with a potential bullish recovery.
- Market observers speculate that XRP could reach $6 if bullish conditions remain favorable.
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Coinjournal
2w
129
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Bitcoin and Dogecoin in focus as iDEGEN fires on all cylinders
- Investor interest in AI-themed meme coins, including iDEGEN, has surged, pushing the market cap to $6.74 billion.
- Bitcoin experiences profit-taking, dropping to $99,266.51, despite steady inflows in Bitcoin spot ETFs.
- iDEGEN's popularity intensifies as it approaches its listing, raising over $7 million and selling over 1 billion $IDGN tokens.
- Dogecoin price experiences a 35% drop, but finds support with Elon Musk's appointment and a prediction of $1 by 2025.
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Zycrypto
2w
60
Image Credit: Zycrypto
Market Hype Builds While DOGEN Altcoin Targets 35,000% Growth This Month
- Speculation grows about a major price breakout, while a rising altcoin catches attention with bold growth predictions.
- DOGEN, the strongest meme token dominating crypto, is expected to see a 700% surge in the coming months.
- DOGEN offers exclusive benefits to early adopters, aiming for massive returns and market dominance.
- Altseason is on the horizon, and DOGEN holders are poised to lead the charge.
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Bitcoinmagazine
2w
307
Foundation Introduces Passport Prime: Bitcoin Wallet And Data Security Device
- Foundation has released Passport Prime, a personal security platform designed to secure Bitcoin and digital data.
- Passport Prime offers Bitcoin wallet capabilities, multisig functionality, and temporary seed phrases.
- The device also features offline storage for 2FA codes, multiple security keys, and an encrypted flash drive.
- Passport Prime is the first device of its kind, aiming to simplify and secure private keys for decentralized transactions.
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Coinjournal
2w
355
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Court gives Coinbase the green light to delist Wrapped Bitcoin (WBTC)
- A US federal judge has allowed Coinbase to delist WBTC despite BiT Global’s objections.
- Judge Martínez-Olguín denied BiT Global’s TRO, citing lack of evidence of harm.
- Despite the delisting and Coinbase launching cbBTC, WBTC dominates the wrapped digital assets market with an 85% share.
- The ruling effectively cleared the path for Coinbase to delist WBTC as planned on December 19.
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Zycrypto
2w
424
Image Credit: Zycrypto
RWA Inc Announces Development of Layer 2 (L2) Blockchain and Decentralized Exchange (DEX)
- RWA Inc announces the development of a Layer 2 (L2) blockchain and decentralized exchange (DEX).
- The L2 blockchain will provide enhanced scalability, improved security, transparency, and interoperability for tokenized assets and decentralized infrastructure.
- The RWA DEX aims to enhance liquidity and provide a robust platform for trading tokenized real-world assets and decentralized physical infrastructure network utility projects.
- RWA Inc plans to launch a chain-agnostic Security Marketplace in 2025, offering users a platform to buy, sell, and manage tokenized RWAs and DePINs globally.
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Cryptoslate
2w
333
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Bitcoin loses $100k as markets continue to slide in reaction to Fed’s slower pace for 2025
- Bitcoin (BTC) lost the $100,000 threshold after registering a 6.4% drawdown.
- Cryptocurrency derivatives recorded nearly $1.2 billion in liquidations during the period.
- Major altcoins also experienced sharper corrections, causing the total crypto market cap to fall 9%.
- The market slump is believed to be a reaction to the Federal Reserve's indication of a slower interest rate policy.
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Bitcoinmagazine
2w
337
Bukele Is The President of El Salvador, Not Bitcoin
- As a condition of a new IMF loan package, President Bukele of El Salvador has had to concede three aspects of the Bitcoin Law passed in 2021.
- The concessions include removing the legal tender mandate requiring businesses to accept Bitcoin and shutting down the state-run wallet and on/off-ramp service, Chivo.
- However, the state will no longer accept tax payments in bitcoin.
- President Bukele's priority is to help the Salvadoran people, and if deprioritizing Bitcoin is in their best interest, he will do so.
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Cryptonewsz
2w
77
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Sen. Cynthia Lummis to Empower US Fed to Hold Bitcoin
- Senator Cynthia Lummis proposes giving the Federal Reserve the authority to own Bitcoin.
- Lummis suggests establishing a strategic Bitcoin reserve as a financial backstop for the US dollar.
- Her proposal includes phased purchase of 1 million Bitcoins over five years.
- US Federal Reserve chair Jerome Powell opposes establishing a national Bitcoin reserve.
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Zycrypto
2w
64
Image Credit: Zycrypto
Harbour Joins Forces with Velocity Labs to Launch Instant Stablecoin Payment Between EU Banks and Polkadot
- Harbour and Velocity Labs have partnered to launch Magic Ramp, a stablecoin payment system.
- Magic Ramp bridges the SEPA Instant payment rails with the Polkadot ecosystem.
- The system enables seamless conversion of Euros to USDC on-chain in under 30 seconds.
- The partnership aims to integrate traditional banking with Web3 and facilitate various applications.
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Cryptoslate
2w
415
Image Credit: Cryptoslate
Institutions absorb 8 years’ worth of Bitcoin issuance in 2024
- Institutional players bought 859,454 Bitcoins (BTC) in 2024, equivalent to eight years of BTC issuance and 4.3% of its total circulating supply.
- Spot exchange-traded funds (ETFs) and public-listed companies like MicroStrategy were the major buyers of Bitcoin.
- US-traded spot Bitcoin ETFs played a significant role, with over 1.4 million BTC now managed by these funds.
- The institutional demand for Bitcoin is expected to remain strong, limiting future sell-side pressure and potentially leading to more institutional and sovereign Bitcoin adoption.
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Zycrypto
2w
51
Image Credit: Zycrypto
How Does Lightchain AI Outperform WIF?
- Dogwifhat (WIF) is relatively popular due to its playful branding and strong community appeal, while Lightchain AI ($LCAI) is a blockchain-based platform that uses artificial intelligence and offers real-world utility. Lightchain AI's advanced technology makes it a market leader as it solves real-world problems.
- Dogwifhat's popularity and sense of community makes it an affordable pricing options for retail holders seeking a fun way to get into cryptocurrency, but it's long-term potential is limited since it is primarily a speculative token built on meme appeal.
- Lightchain AI ($LCAI) uses Proof of Intelligence (PoI), Artificial Intelligence Virtual Machine (AIVM) and prioritizes energy-efficient computations to achieve blockchain activity efficiency. This makes it suitable for a wide range of sectors, such as privacy-focused AI training, predictive analytics, and supply chain optimization.
- Lightchain relies on technological superiority and blockchain innovation compared to Dogwifhat, and it also has a stronger market appeal. The ecosystem is designed to foster meaningful community involvement through decentralized governance and promote innovation and trust.
- Lightchain AI is a technology-focused project with innovative features like PoI and AIVM, addressing real-world challenges and delivering sustainable value, taking the lead position in the blockchain revolution and providing real-world value.
- Lightchain AI's potential for growth is enormous and it has tremendous opportunity to achieve incredible success, making it a game-changer in the market.
- Investors can check out Lightchain.ai to explore the platform underlining cutting-edge features and presale details, read the available whitepaper to find out about the project, join the conversation on Telegram, and secure $LCAI by connecting a wallet and depositing ETH, USDT, or other supported currencies.
- This guide contains a disclaimer since it is a sponsored article and its views do not represent those of ZyCrypto. Potential investors must conduct objective research and exploration before making any investment decision.
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