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A former pastor of a Spanish-speaking church in Washington state orchestrated a multiyear crypto fraud, raising over $5.9m from more than 1,500 investors, including many of his own congregants, according to a lawsuit the Commodity Futures Trading Commission filed Tuesday. Between Nov. 2021 and Dec. 2023, Francier Obando Pinillo allegedly operated a Ponzi scheme, falsely…

Ripple’s XRP jumped 8% on Wednesday after the NYDFS, New York’s top crypto regulator, granted final approval for its RLUSD stablecoin. This approval allows Ripple to launch RLUSD publicly, positioning it as a key player in New York’s regulated digital finance market and expanding its role in the global stablecoin ecosystem. XRP last rose 8.3%…

Martial law chaos is continuing to wreak havoc on South Korea’s crypto sector, with the National Assembly vowing to halt all work on related legislation for the foreseeable future. Per Chosun Ilbo, the National Assembly voted in favor of a legal amendment that will delay the launch of crypto tax until January 2027. However, both…

Roni Cohen-Pavon, Celsius’s former chief revenue officer, will not face sentencing on December 11, as initially scheduled. This decision comes after Alex Mashinsky, the former CEO of Celsius, reached an agreement with U.S. prosecutors. Source: PACER Celsius’s Mashinsky Sentencing Delayed: How Cohen-Pavon’s Testimony Could Impact This Case In a December 9 filing at the U.S….

Crypto markets are on edge with anticipation for the US Bitcoin Reserve, promised in Trump’s Crypto Policy, but is the China Bitcoin Reserve possible? Industry legend and former Binance CEO Changpeng Zhao (CZ) seems to think so, after recent comments he made at the Bitcoin MENA Conference 2024. Taking place in the so-called ‘Capital of…

Microsoft shareholders have decisively voted against a proposal to explore adding Bitcoin to the company’s treasury holdings. The decision during the company’s annual shareholder meeting resulted from the persistent skepticism among major corporations about Bitcoin’s volatility and its role as a reliable financial asset. The proposal, titled “Assessment of Investing in Bitcoin,” was introduced by…

Bitwise has published its 2025 crypto predictions, projecting significant milestones for Bitcoin, tokenized assets, and regulatory developments. According to the report, Bitwise predicts Bitcoin’s price will surpass $200,000 in 2025, and if the U.S. government proceeds with plans to establish a strategic reserve of 1 million Bitcoins, the price could exceed $500,000. 2024 was a…

Over on Solana, the decentralized exchange (DEX) aggregator Jupiter has just approved a revised airdrop proposal after DAO voters rejected an initial plan for an airdrop of $1.7 billion in the exchange’s native $JUP token. The initial vote failed after only 58% of votes approved of the initial plan. This fell far short of the…

MARA Holdings (MARA), a Bitcoin miner, announced on X on December 10 that it had bought 11,774 BTC in a new acquisition. The mining firm purchased Bitcoin using proceeds from its zero-coupon convertible notes offerings, paying approximately $1.1 billion at an average price of $96,000 per Bitcoin. This brings MARA’s total Bitcoin holdings to 40,435…

Shares for Singapore-based Bitcoin mining company Bitdeer (ticker BTDR) have risen 170% in the past month alone as global demand for mining equipment and data centers continues to rise. Bitdeer’s steady advances in the stock market have been fairly consistent, with share prices rallying almost 4X over the last four months. Additionally, Bitdeer stock jumped…