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Peter Schiff, a prominent gold advocate, has labeled Bitcoin a national security threat and “public enemy number one.” His criticism comes amid growing discussions among U.S. federal and state governments about the potential creation of a Bitcoin reserve. Schiff’s Concerns Grow Amid Trump and Senator Lummis’s Bitcoin Reserve Plans On December 8, Schiff expressed his…

The XRP (XRP) price has dipped substantially back from the multi-year highs it hit last week in the $2.90 area and was last trading around $2.40, but whale activity on the XRP Ledger remains strong. While $XRP dropped from $2.90 to $2.22, whales bought the dip. They purchased over 120 million #XRP, totaling $288 million!…

Coinbase CEO Brian Armstrong took to X Monday, December 9 to bash United States Securities and Exchange Commissioner (SEC) Caroline Crenshaw as the Senate Banking Committee will vote on her renomination for the role this week. Coinbase CEO Brian Armstrong Bashes Caroline Crenshaw “Caroline Crenshaw was a failure as an SEC Commissioner and should be…

Iran’s Minister of Economic Affairs and Finance, Abdolnaser Hemmati, has revealed the government’s plans to regulate cryptocurrencies instead of imposing outright restrictions. Speaking at a national event, Hemmati emphasized leveraging digital assets to mitigate economic challenges, including U.S. sanctions, and creating opportunities for youth employment. He noted that cryptocurrencies fall under the jurisdiction of the…

Australia’s blockchain and cryptocurrency sector faced a significant downturn in 2024, experiencing a 14% year-on-year decline, according to KPMG’s Australia Fintech Landscape 2024 report. The study revealed that over 7% of the country’s fintech companies ceased operations this year, with the blockchain and crypto markets hit the hardest. Australia’s Fintech Sectors Shrinks For Second Year…

Web3 workers are being targeted by a sophisticated phishing scam that uses fake meeting apps to steal sensitive information and crypto. According to a report by Cado Security Labs, the attackers employ AI to craft convincing websites, blogs, and social media profiles for fictitious companies. These platforms are then used to lure victims into downloading…

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…