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Digital asset investment products witnessed record inflows last week, reaching $3.85 billion and surpassing the previous record set just weeks earlier. The surge has propelled year-to-date (YTD) inflows to $41 billion, with total assets under management (AuM) climbing to an all-time high of $165 billion, according to a report from CoinShares. By comparison, the 2021…

Brooklyn’s District Attorney’s Office has dismantled 40 fraudulent NFT marketplace websites following a scheme that defrauded an 85-year-old artist of $135,000. The victim was targeted by a scammer posing as an art dealer on LinkedIn, the DA’s office revealed on December 6. The scammer persuaded the artist to mint his work on a counterfeit NFT…

The largest Bitcoin conference in the Gulf region, which kicked off on Monday, will feature President-elect Donald Trump’s son, Eric Trump, delivering the keynote speech. A Reuters report noted that Eric Trump will deliver his keynote address on Tuesday. The Bitcoin MENA conference on December 9-10 2024, is projected to draw more than 6,000 people,…

Bitcoin (BTC) is trading near $98,940 after a rally to $103,000, drawing attention to its growing role in global finance. Analysts are revising Bitcoin price analysis, with some expecting its value to double by 2025. Institutional interest continues to rise, highlighted by a proposal urging Amazon to adopt Bitcoin as a reserve asset. President-elect Donald…

Pudgy Penguins, a prominent non-fungible token (NFT) project, has overtaken the Bored Ape Yacht Club (BAYC) to become the second-largest NFT collection by market capitalization. According to CoinGecko, the floor price of Pudgy Penguins surged by 8.4% in the past 24 hours to 22.1 ETH ($86,922), reflecting a 44.9% increase over the week. The rise…

The Cardano Foundation’s X account was compromised on Sunday by a threat actor posting false claims about an SEC lawsuit. In a note to Cardano holders, the hackers noted that the organisation will cease ADA trading on all platforms. “We have been served with a lawsuit by the US Securities and Exchange Commission on December…

Radiant Capital has revealed that the hack that drained $50 million from its decentralized finance (DeFi) platform was orchestrated by a hacker tied to North Korea. According to an update on December 6, cybersecurity firm Mandiant concluded with “high confidence” that the attack can be attributed to a threat actor linked to the Democratic People’s…

After his appearance on 60 Minutes, Ripple CEO Brad Garlinghouse took to social media to express his frustration over what he saw as a skewed portrayal of his company and the cryptocurrency industry. In a detailed post, Garlinghouse called out the show for leaving out a crucial detail during its coverage of Ripple’s ongoing legal…

Amazon shareholders are calling on the company to invest at least 5% of its assets in Bitcoin through a proposal from the National Center for Public Policy Research (NCPPR). Podcaster Tim Kotzman shared the proposal on X, which pointed out Bitcoin’s superior performance over corporate bonds and referencing similar investments by companies like MicroStrategy and…

A South Korean expert says panicked investors thought their crypto was under threat when President Yoon Seok-yul declared martial law last week. In an opinion piece for Hankyoreh, the author and crypto journalist Kim Oe-hyeon identified four key reasons why domestic traders responded to Yoon’s move with a mass sell-off. Martial Law Decree Sparked ‘Crypto…