Early-Era US Bitcoin Investor Sentenced to Two Years in Prison for Underreporting Gains From BTC Sales
An ancient Bitcoin investor is going to spend the next two years in prison after underreporting his BTC gains, according to the U.S. Department of Justice (DOJ). In a new press release, the DOJ says that Frank Richard Ahlgren III of Austin, Texas failed to accurately report the capital gains he earned after selling $3.7 […]
The post Early-Era US Bitcoin Investor Sentenced to Two Years in Prison for Underreporting Gains From BTC Sales appeared first on The Daily Hodl.
XRP Market Update: Support at $2.38 Holds Firm as Resistance Looms at $2.50
XRP is trading at $2.41, with an intraday range of $2.38 to $2.52, a market cap of $137.70 billion, and a 24-hour trading volume of $8.77 billion, highlighting a phase of consolidation. XRP On the 1-hour chart, XRP shows a short-term downtrend following a retreat from a local high of $2.531 to its current level […]US Banks Witness 1,000% Surge in Digital Scams As JPMorgan Chase, Wells Fargo and Bank of America Customers Lose $166,000,000 on Zelle in One Year: Report
US banks are witnessing a massive surge in sophisticated digital scams, according to a new report. The number of social engineering scams targeting both US and Canadian bank customers has exploded 1,000% in the last year, according to the cybersecurity firm BioCatch. Social engineering scammers use deceptive tactics to impersonate entities like banks or family […]
The post US Banks Witness 1,000% Surge in Digital Scams As JPMorgan Chase, Wells Fargo and Bank of America Customers Lose $166,000,000 on Zelle in One Year: Report appeared first on The Daily Hodl.
NFT Buyers Vanish, but Sales Spike: Ethereum Dominates $224M Week
Over the past week, non-fungible token (NFT) sales grew by 16.27% compared to the previous week, totaling $224.41 million across 22 different blockchains. Pudgy Penguins Lead NFT Charge, BNB Chain and Blast Show Growth Between Dec. 7 and Dec. 14, NFT sales climbed 16.27%, hitting $224.41 million. Ethereum led the charge with over $119 million […]Why Hong Kong has grown into a crypto hub — CEO of WOW Summit
“Hong Kong’s ‘one country, two systems’ framework lets it explore digital asset innovation more freely,” Ivan Ivanov told Cointelegraph.
Hong Kong has rapidly become a cryptocurrency hub, positioning itself as a center for financial innovation alongside the United Arab Emirates (UAE) and Singapore. Ivan Ivanov, global CEO of WOW Summit, said this innovation was fostered by a mixture of strong regulatory policy and Hong Kong’s status as a special economic region.
Ivanov told Cointelegraph that Hong Kong’s special relationship with mainland China and robust regulation allow Hong Kong to be a sandbox for financial and technical innovation, which benefits startups, nascent technologies, and institutional investors. Ivanov wrote:
The WOW Summit CEO added that Hong Kong’s stablecoin policy, which requires issuers of stablecoins to acquire licenses and keep their fiat reserves in local Hong Kong banks, promotes trust and transparency in the nascent asset sector.
Ethereum Technical Analysis: Is $4,000 Within Reach or a Mirage?
Ethereum, valued at $468 billion, traded within an intraday range of $3,851 to $3,957.89 on Dec. 14, 2024, reflecting a 20.2% drop from its peak of $4,878.2 on Nov. 10, 2021. Ethereum The daily chart reflects ethereum’s ongoing consolidation, with a peak at $4,096.6 marking the recent high of an uptrend that began at $3,014.5. […]New House Financial Services Committee Chairman Says Clear Crypto Regulations Are Near the Top of His To-Do List
Rep. French Hill says establishing a clear market structure for digital assets is one of his top three priorities as the newly elected House Financial Services Committee chairman. Hill (R-Arkansas), a staunch supporter of the crypto sector, secured the chairmanship earlier this week, taking over for retiring fellow GOP lawmaker Patrick McHenry (R-North Carolina). The […]
The post New House Financial Services Committee Chairman Says Clear Crypto Regulations Are Near the Top of His To-Do List appeared first on The Daily Hodl.
Crypto trader turns $27 into $52M with savvy Pepe token investment
Despite having no intrinsic value, memecoins have created many new millionaires among crypto investors.
A cryptocurrency trader has reportedly turned a $27 investment in the Pepe memecoin into an extraordinary $52 million profit, according to blockchain analytics firm Lookonchain.
An unknown Pepe (PEPE) trader bagged the life-changing profits, crypto intelligence firm Lookonchain revealed in a Dec. 14 X post.
Savvy Pepe trader transaction. Source: Lookonchain
Bitcoin Technical Analysis: Will $101,000 Support Hold Amid Mixed Market Signals?
In the past hour, bitcoin has settled into a cozy spot, bobbing gently between $101,536 and $101,747. Over the last day, it’s danced from $99,939 to a peak of $102,658, with a whopping $74.15 billion in trades shuffling around and a market cap hitting the stellar $2 trillion mark. Bitcoin On the 1-hour chart, bitcoin‘s […]$7,000,000,000,000 in Cash Sidelined As Investors Refuse To Pour Capital Into Risk Assets: Report
A total of $7 trillion is now fully sidelined as a group of investors refuse to pour their cash into risk assets, according to a new report. New figures show the amount of capital sitting on the sidelines in money market funds is at a fresh record high, reports Reuters. Money market funds allow people […]
The post $7,000,000,000,000 in Cash Sidelined As Investors Refuse To Pour Capital Into Risk Assets: Report appeared first on The Daily Hodl.
Crypto ETFs Make Waves: $452M in Inflows Push Bitcoin and Ether to New Heights
On Friday, the 12 spot bitcoin exchange-traded funds (ETFs) hit another high note, pulling in $428.98 million during the day’s trading session. Meanwhile, nine spot ether ETFs added $23.61 million to their tally. Bitcoin ETFs Dominate as $429M Floods In—Ether Funds Join the Party with $24M Both bitcoin and ether ETFs ended the day on […]Crypto All-Stars $15M ICO Ends Next Week – New Meme Coin Gem?
Meme coins have exploded in popularity this year, but one thing is still missing: a way to earn passive income. Crypto All-Stars (STARS) aims to change that. This new staking platform, which promises to unify top meme coins like DOGE, PEPE, and WIF, has already raised over $15 million in presale funding. Crypto All-Stars Introduces […]Prison Time Looms for Bitcoin Trader—Justice or Crypto Clampdown?
A Massachusetts man, Alan Joseph, 36, has been convicted of operating an unlicensed money transmission business and laundering funds after converting cash linked to counterfeit goods into bitcoin, Homeland Security Investigations (HSI) announced on Thursday. Convicted on Nov. 22, following a five-day jury trial, Joseph was found guilty of facilitating illegal cash-for-crypto transactions, including a […]Crypto Investors HODLing Solana in Anticipation of Higher SOL Prices, According to Analytics Firm
New data from market analytics firm Glassnode reveals that traders are keeping their Solana (SOL) stacks amid expectations that its price will continue to rise. In a new thread on the social media platform X, Glassnode says that long-term holders now own a significant supply of SOL, believing that Solana’s bullish phase is far from […]
The post Crypto Investors HODLing Solana in Anticipation of Higher SOL Prices, According to Analytics Firm appeared first on The Daily Hodl.
LTC and BCH Maintains Bullish Sentiment Despite Retracement, Lunex Network Reaches New ATH
PRESS RELEASE. The bullish wave that swept across the crypto market in the past month has propelled top altcoins like Litecoin and Bitcoin Cash into significant bullish momentum. While the recent week-to-date chart sees both tokens dip in price, the sentiment remains bullish, with Litecoin price on the verge of breaking through the $115 mark […]Digital Chamber CEO Perianne Boring Suggests Bitcoin (BTC) Could Skyrocket to $800,000 Next Year – Here’s Why
The founder and chief executive of the crypto advocacy group The Digital Chamber has a big Bitcoin (BTC) price prediction for 2025. Crypto lobbyist Perianne Boring tells Fox Business in a new interview that President-elect Donald Trump’s future approach to the sector could send BTC skyrocketing close to $1 million. “The stock-to-flow model says it’s going […]
The post Digital Chamber CEO Perianne Boring Suggests Bitcoin (BTC) Could Skyrocket to $800,000 Next Year – Here’s Why appeared first on The Daily Hodl.
Senators to vote on SEC Commissioner Crenshaw’s renomination next Wednesday after postponement
The delay in Crenshaw’s renomination vote could shift SEC dynamics, impacting crypto regulation and potentially leading to single-party control.
The post Senators to vote on SEC Commissioner Crenshaw’s renomination next Wednesday after postponement appeared first on Crypto Briefing.
Radiant Capital Hack: How Hackers Used a PDF to Steal $50 Million
The $50 million hack sent shockwaves across the defi community with funds authorized to different projects completely drained. $50 Million Hack a Stark Warning for the Defi Industry The complexity and precision of a recent attack on Radiant Capital, a decentralized cross-chain lending protocol built on Layerzero has exposed another layer of vulnerability, even in […]Wrapped Bitcoin Custodian BiT Global Sues Coinbase After November WBTC Delisting
New court documents show that BiT Global, a custodian of Wrapped Bitcoin (wBTC), is suing Coinbase after the top US-based crypto exchange delisted wBTC in November. In a new complaint, BiT Global accuses Coinbase of using wBTC – the tokenized representation of Bitcoin (BTC) on the Ethereum (ETH) blockchain – as a “cash grab” before […]
The post Wrapped Bitcoin Custodian BiT Global Sues Coinbase After November WBTC Delisting appeared first on The Daily Hodl.
OKX and Gate Wallet Communities in Battle for the Bluwhale Node Challenge
December 12, 2024 – San Francisco, California In a first-of-its-kind contest, the exchange that is fastest to sell 1,000 nodes will be awarded 1,000 free nodes to share with its community. Bluwhale, an AI Web 3.0 start-up, today announces an innovative competition on its platform between two of the biggest and fastest-growing exchange wallet teams […]
The post OKX and Gate Wallet Communities in Battle for the Bluwhale Node Challenge appeared first on The Daily Hodl.
Big Data Expert: Current AI Regulations Hinder Progress, David Sacks Appointment a Positive Step
Chi Zhang, CEO of Kite AI, criticizes both the European Union (EU)’s and US’ approaches to regulating artificial intelligence (AI). David Sacks’ Appointment Boosts AI, Crypto Chi Zhang, COO at Kite AI, believes the EU’s law on AI, while enacted with good intentions, could “impose burdensome compliance on smaller innovators.” Conversely, the United States “more […]Atkins and Sacks: Pioneers of Crypto Regulation?
Following Gary Gensler’s resignation, Paul Atkins was nominated to take over as the new Chairman of the SEC—the approval of which would mark his return to the Commission after a 17-year hiatus and could mark a drastic change for the crypto industry and digital assets. The following opinion editorial was written by Alex Forehand and […]Bitcoin may ‘pump then rotate back’ if US strategic reserve gets approved
A crypto analyst warns that Bitcoin’s price could face volatility if the highly anticipated United States Bitcoin Strategic Reserve bill gets passed.
A crypto analyst has warned that if approved, Senator Lummis’ proposal for the United States government to acquire 5% of Bitcoin’s supply could cause increased price volatility in the short term.
“I expect it to be pretty volatile, especially if the strategic Bitcoin reserve gets approved; I think Bitcoin will pump then rotate back,” Collective Shift founder Ben Simpson told Cointelegraph.
Cointelegraph recently reported that after Trump’s winning the presidential election on Nov. 5, Wyoming Senator Cynthia Lummis — a Trump supporter, Republican and crypto advocate — said she would move forward with legislation for the US government to buy 1 million Bitcoin (BTC) and hold it for at least 20 years.
Nasdaq announces MicroStrategy’s inclusion in Nasdaq-100, what’s next?
MicroStrategy’s Nasdaq-100 inclusion may boost its stock price and market visibility, offering investors indirect Bitcoin exposure.
The post Nasdaq announces MicroStrategy’s inclusion in Nasdaq-100, what’s next? appeared first on Crypto Briefing.
US Senator: New Treasury Secretary Will Champion Digital Assets
A senator hails Scott Bessent as a champion for digital assets, backing his Treasury Secretary nomination to advance a Strategic Bitcoin Reserve and reshape U.S. fiscal policy. The Pro-Crypto Leader Poised to Shape US Fiscal Policy U.S. Senator Cynthia Lummis (R-WY) has voiced firm backing for President-elect Donald Trump’s selection of hedge fund manager Scott […]Michael Saylor’s MicroStrategy enters Nasdaq 100
Nasdaq has announced that Michael Saylor’s MicroStrategy will be added to the Nasdaq-100 index.
Nasdaq has announced that Michael Saylor’s company, MicroStrategy, will have its stock (MSTR) added to the Nasdaq-100 Index, as of Dec. 23.
MicroStrategy is one of three companies to be added to the index alongside Palantir Technologies Inc. (PLTR), and Axon Enterprise, Inc. (AXON), according to a Dec. 13 statement published by Nasdaq.
Meanwhile, Nasdaq said that Illumina, Inc. (ILMN), Super Micro Computer, Inc. (SMCI), and Moderna, Inc. (MRNA) will be removed from the index.
Microstrategy Stock Soars as Bitcoin Outshines Real Estate, Gold, Bonds
Microstrategy’s bitcoin-focused strategy has ignited a staggering 500% stock surge, with projections of bitcoin hitting $13 million, solidifying its dominance in high-stakes investing. 500% Stock Gains, $13M Bitcoin Projection: Microstrategy’s Wild Ride Microstrategy (Nasdaq: MSTR) Executive Chairman Michael Saylor shared a chart illustrating the performance of Microstrategy’s stock against other major investments on Thursday. Since […]Crypto Council for Innovation CEO Sheila Warren steps down
Sheila Warren, CEO of the crypto advocacy group Crypto Council for Innovation, announced her decision to step down just a month before the Trump administration takes office.
Sheila Warren has stepped down from her role as CEO of the Crypto Council for Innovation (CCI) just a month before Donald Trump’s United States presidential term begins.
“I am filled with mixed emotions as I share that I will be stepping down as the inaugural CEO of @crypto_council in January,” Warren said in a Dec. 13 X post.
The crypto advocacy group’s chief legal officer, Ji Kim, will transition into an acting CEO role, while Warren — who has held the role for three years — said she will remain involved as Senior Global Policy Officer to “provide support.”
JPMorgan Chase Refuses To Reimburse Customer After $7,000 Abruptly Drained From Bank Account: Report
A JPMorgan Chase customer says the bank has refused to reimburse him for more than a year after $7,000 was suddenly drained from his account. Grant Holihan says he believes his Chase debit card information was skimmed at an ATM that he used in Queens, reports CBS New York. Soon after he left the ATM, […]
The post JPMorgan Chase Refuses To Reimburse Customer After $7,000 Abruptly Drained From Bank Account: Report appeared first on The Daily Hodl.
Whales Accumulate Bitcoin, Dogecoin, Cardano and One Other Altcoin Amid Brief Market Dip This Week, Says Analyst
A widely followed crypto analyst is highlighting whale activity surrounding popular crypto assets such as Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA), and XRP during this week’s market dip. In a new thread on the social media platform X, crypto strategist Ali Martinez tells his 98,300 followers that deep-pocketed investors have loaded up on smart contract […]
The post Whales Accumulate Bitcoin, Dogecoin, Cardano and One Other Altcoin Amid Brief Market Dip This Week, Says Analyst appeared first on The Daily Hodl.