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Japanese cryptocurrency exchange DMM Bitcoin is preparing to wind down its operations following a massive $320 million loss in Bitcoin due to a private key hack in May. The breach left the company struggling to recover, forcing it to halt efforts to restructure and seek alternative solutions for its customers. According to a Nikkei Asia…

MicroStrategy Executive Chairman Michael Saylor has pitched Bitcoin strategy to Microsoft’s board of directors, suggesting the tech giant could gain nearly $5 trillion in market capitalization by fully embracing Bitcoin. In a presentation shared on December 1, Saylor mentioned the transformative potential of Bitcoin, asserting that Microsoft must seize the opportunity to lead in the…

Ark Invest founder Cathie Wood, known for her stock-picking skills, has indicated she believes the US almost lost its crypto edge before Donald Trump’s reelection. According to her, overregulation remains the country’s biggest obstacle. “We drove a lot of talent away from the United States. We think that’s going to change with a focus on…

The Russian Central Bank claims that it is winning its battle against peer-to-peer (P2P) crypto exchanges. According to RBC, the bank says its “fight against the illegal circulation of cryptocurrencies in Russia” is proving “successful.” The bank claimed that the number of high-risk P2P transactions conducted in the nation “has decreased by 2.8 times” compared…

Crypto tax is set to launch in South Korea in January 2027 after lawmakers finally agreed a deal to postpone levies on crypto trading for a further two years. The Democratic Party (DP), the largest party in the National Assembly, had threatened to thwart the ruling People’s Power Party (PPP)’s plans to postpone the launch….

Bitcoin dominance is in decline, falling to as low as 59.2% earlier on Sunday as the Bitcoin (BTC) price stalls below $100,000, but altcoin markets heat up. Last around $97,800, Bitcoin bulls remain optimistic that the world’s largest crypto may be about to vault above $100,000. The macro backdrop remains unbelievably strong for the world’s…

While expectations for Shiba Inu were low in November, overshadowed by its older brother Dogecoin and a disappointing “Uptober,” the SHIB price appears to be back aligned with bullish projections running into 2025. The token has made strides with a 20.97% rally today, putting SHIB back on the radar and setting high hopes for December,…

David Marcus, the former head of Facebook’s blockchain project Libra—later rebranded as Diem—has revealed that political opposition ultimately doomed the ambitious stablecoin initiative. In a detailed post on X, Marcus labeled the project’s demise as “100% a political kill,” citing behind-the-scenes maneuvering by regulators and government officials. Initially launched with the goal of revolutionizing global…

Grayscale Investments has seen its cryptocurrency holdings skyrocket in November, driven by surging altcoins like Stellar (XLM) and XRP. The growth aligns with analysts’ expectations of an imminent altcoin season. Data from Cryptorank reveals an 85% surge in the market capitalization of Grayscale’s crypto portfolio over the past month. Stellar’s XLM Token Surges Around 500%…

While the threat of a potential correction looms, the front-running altcoin doesn’t appear stirred yet, as today sees another 1.67% uptick in the XRP price. XRP has far surpassed expectations with a 270% increase over November, but it doesn’t appear over as bullish projections for XRP eye a target much higher running into 2025. However,…