News Bytes – 4

Solana Achieved Its Best Year Ever, and the Numbers Back It Up

January 6, 2025 Bitcoin.com

bitcoin.com

Solana was one of the networks that experienced explosive growth in 2024, both in technical and economic aspects. In December, Solana registered $304 million in inflows from other blockchains, only bested by Base and Hyperliquid. On the technical front, Solana passed its first block increase, which, although symbolic, signaled the willingness to make the changes […]

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XRP Price Watch: XRP Stuck in Limbo—Explosion or Breakdown Next?

Lackluster Shine: Gold ETF Selloff Ensues as Investors Shift to More Profitable Alternatives

January 3, 2025 Bitcoin.com

bitcoin.com

In 2024, gold-based exchange-traded funds (ETFs) experienced outflows for the fourth consecutive year as investors preferred to shift to more lucrative alternatives. According to Bloomberg, the rise in gold prices and the Fed’s easing measures were insufficient for traders to maintain their gold positions, as these funds experienced a decline of over 2.5% in their […]

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XRP Price Watch: XRP Stuck in Limbo—Explosion or Breakdown Next?

Slinky Launches Airdrop to 27.7 Million Wallets on Solana

December 31, 2024 Bitcoin.com

bitcoin.com

Slinky, a blockchain project that uses ZK compression, has launched an airdrop to distribute 10% of its total supply to 27.7 million wallets on Solana. The project utilizes ZK-compressed token accounts, a storage mechanism that allows launching a massive airdrop and keeps costs low. Slinky explained that by employing traditional methods, such an operation would […]

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XRP Price Watch: XRP Stuck in Limbo—Explosion or Breakdown Next?

IRS Doubles Down on Immediate Staking Rewards Tax Stance

December 28, 2024 Bitcoin.com

bitcoin.com

The U.S. Internal Revenue Service (IRS) has reaffirmed its stance on the immediate taxability of staking rewards, doubling down on a position assumed in 2023 as part of internal guidelines. In a recent filing related to an ongoing lawsuit, the service argues that the rewards generated through staking do not constitute new property and should […]

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XRP Price Watch: XRP Stuck in Limbo—Explosion or Breakdown Next?

KULR’s Bold Move to Bitcoin Pays Off: Stock Soars to All-Time High

December 27, 2024 Bitcoin.com

bitcoin.com

KULR, a provider of electric energy storage solutions, has reported its first bitcoin purchase as part of a strategic shift toward establishing the leading cryptocurrency as a reserve asset. The company bought $21 million worth of bitcoin, amounting to 217.18 BTC. The purchase comes after the company announced that it would adopt a Bitcoin standard, […]

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XRP Price Watch: XRP Stuck in Limbo—Explosion or Breakdown Next?

Crypto Remittances Grow In El Salvador Reaching 1% Share

December 24, 2024 Bitcoin.com

bitcoin.com

The Reserve Central Bank has confirmed that the cryptocurrency usage for remittances in El Salvador is still marginal at best. According to recent data released by the institution, crypto remittances registered a growth of 2.5% between January and August, but still account for just 1% of all the volumes transferred to Salvadorans from abroad. One […]

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XRP Price Watch: XRP Stuck in Limbo—Explosion or Breakdown Next?

Hex Founder Richard Heart Included in Europol’s Most Wanted List

December 22, 2024 Bitcoin.com

bitcoin.com

Richard Shueler, also known as Richard Heart, the founder of Hex, Pulsechain, and Pulsex, has been included in Europol’s most wanted criminals list. Shueler’s profile is listed as wanted in Finland for fraud crimes. According to the institution, Shueler “failed to file business tax returns for the tax multiple years and also failed to complete […]

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XRP Price Watch: XRP Stuck in Limbo—Explosion or Breakdown Next?

Binance Global Survey Hot Topics: Regulation, AI Supremacy, and a Young Market

December 20, 2024 Bitcoin.com

Binance survey

The most recent global crypto survey organized by Binance has offered insight into the current state of the market. The survey, which polled nearly 28,000 users, shows that 23.89% believe that artificial intelligence (AI) tokens will gain traction and lead the market this upcoming year. Nearly 20% of the responders expect governments to enact more […]

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XRP Price Watch: XRP Stuck in Limbo—Explosion or Breakdown Next?

‘Pharma Bro’ Martin Shkreli Doubles Down on Shorting Microstrategy

December 19, 2024 Bitcoin.com

bitcoin.com

Martin Shkreli, also known as “Pharma Bro,” has doubled down on his position of shorting Microstrategy, the public company that owns the most bitcoin. Answering a social media post criticizing his pessimistic stance on Microstrategy and bitcoin, and asking if this was the right call to make, Shkreli replied it absolutely was. In a recent […]

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XRP Price Watch: XRP Stuck in Limbo—Explosion or Breakdown Next?

Argentina to Patrol Cyberspace in the Hunt for Crypto Criminals

December 17, 2024 Bitcoin.com

Argentina

A recent resolution issued by the Security Ministry of Argentina has added crypto crimes to the set of activities that will be tracked and surveilled by police forces. Resolution 1330/2024 states that the federal security forces will develop countermeasures to fight crimes of “unauthorized financial intermediation through the use of cryptoassets,” to prevent them from […]

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XRP Price Watch: XRP Stuck in Limbo—Explosion or Breakdown Next?