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Jorge Tenreiro, formerly acting head of the SEC’s crypto and cybersecurity oversight division, has taken on the role of chief litigation counsel, broadening his responsibilities. His LinkedIn profile has been updated to include his new role. This promotion comes at a critical moment, just as a more crypto-friendly administration prepares to take office next month,…

Sonic Labs has announced the impending public launch of its layer-1 blockchain, Sonic, following the successful completion of its Genesis milestone, marking the creation of the blockchain’s first block. “Genesis achieved. Block zero. Infrastructure deploying. Public soon,” the firm said in a December 2 announcement on X. Sonic is an Ethereum Virtual Machine (EVM)-compatible blockchain…

Coinbase CEO Brian Armstrong warned Tuesday that the exchange will cut ties with law firms connected to officials involved in “bad deeds” under the Biden administration. In a post on X, Armstrong noted that some senior law firm partners are unaware of the crypto community’s anger over the administration’s actions. He warned that if these…

Several major companies recently invested heavily in Bitcoin despite a price dip, raising questions about the cryptocurrency’s potential to reach $100k by December. These big investments across various sectors signal continued institutional interest in Bitcoin, even as market volatility persists. From software intelligence firms to educational platforms, the influx of capital into the Bitcoin market…

Crypto-related stocks rose again in South Korea after lawmakers agreed to delay the launch of crypto tax in the nation by a further two years. After weeks of bitter standoffs, the National Assembly has finally agreed to vote in favor of a government-proposed bill that will see crypto tax launch in 2027, rather than January…

Enron, The Kenneth Lay-founded failed energy corporation, announced its plans to relaunch while hinting at decentralized technology during an apparent parody stunt that shook up social media on Monday. Decentralized Technology Mentioned By Enron Corporation Stunt According to a December 2 press release, the parody claims that the once-bankrupt organization will begin a “new chapter”…

Nike-owned digital fashion and web3 studio RTFKT announced plans on December 2 to wind down operations. According to an announcement shared on RTFKT’s social media channels, its Web3 services will cease by the end of January 2025. The company cited a transition to preserving its legacy through an updated website showcasing its previous projects. RTFKT…

The dynamic new cat meme coin Catslap ($SLAP) is attracting Chicago proprietary trading house whales. One firm bought nearly $500,000 of $SLAP, pushing the token price up to $0.0042 today. Trading volume in the SLAP/ETH pair has leapt back above $1.4 million in the past 24 hours, and there are now more than 10,000 holders…

Genius Group Limited, an AI-powered, Bitcoin-first education group, announced an increase in its Bitcoin holdings on Monday. According to the press release, the company added an additional $1.8 million to its Bitcoin Treasury, bringing its total Bitcoin reserves to 172 BTC, worth $15.8 million at an average net price of $92,006 per Bitcoin. From Vision…

The European Central Bank (ECB) released its second progress report on the digital euro project on Monday, detailing efforts to create a unified digital payment system for the euro area. ECB updates the digital euro rulebook following a joint review with consumers, retailers, and payment service providers. The report highlights key developments, including updates to…