XT Exchange suspends all coin withdrawals amid reports of a $1.7 million hack.

As traditional financial markets continue to evolve, the world of cryptocurrencies is marked by a crucial question: where has the altseason gone? This phenomenon, characterized by a spectacular surge in altcoin prices, seems strangely absent despite a favorable market context for Bitcoin.

Russia's Federation Council has approved sweeping amendments to the nation's Tax Code, formalizing the taxation framework for digital currencies like Bitcoin (BTC). The legislation, adopted on Nov. 27, represents a critical step toward regulating the rapidly growing crypto sector while ensuring compliance with tax laws.

The Commodity Futures Trading Commission (CFTC) may reportedly oversee a substantial portion of the $3 trillion digital asset market once President-elect Donald Trump assumes office next year.

A recent study reveals how most influencer-driven meme coins lead to losses for investors.

XT.com, a Seychelles-based crypto exchange handling over $3.4 billion in daily trading volume, has experienced a suspected hack involving $1.7 million.

According to DefiLlama, the meme coin launchpad Pump.fun has made $78 million in revenue for November, marking a 35% share of its total earnings since launch. The post Meme Coin Launchpad Pump.fun Hits Record $78M Revenue in November appeared first on Cryptonews.

TL;DR Analysts from Standard Chartered and Zodia Markets project that stablecoins could reach up to 10% of M2 and FX transactions in the U.S. Although they currently represent only 1% of these transactions, proper regulation, especially under the Trump administration, could drive their adoption.

Amrita Srivastava, who worked at Binance from 2022 to 2023, alleged reporting a bribe at the crypto exchange resulted in her dismissal.

Scroll's native SCR token dropped roughly 32% on day one of trading after a controversial airdrop.

A Shenzhen court has ruled that cryptocurrency, including USDT, cannot serve as a legal form of wage payment under Chinese labor laws, citing crypto's lack of legal status. The post Chinese Court Rules Crypto Cannot Be Used for Wage Payments appeared first on Cryptonews.

Binance's venture capital and incubation arm has invested in Astherus, a decentralized finance platform aimed at maximizing real yield for digital assets. Binance Labs announced the investment in the multi-asset liquidity hub on Nov. 28.

TL;DR Binance launches the global PayDay event to encourage holiday shopping with cryptocurrencies, offering $200,000 in PEPE tokens. Two main promotions: a $10 PEPE reward for purchases of $20 and prizes of up to $350 for the top 100 shoppers who spend $200 or more.

XT, a crypto exchange, has lost $1.7 million to hackers who have quickly converted the stolen funds to Ethereum.

Former United States and Exchange Commissioner (SEC) Paul Atkins is in the lead to become the SEC Chair under President-elect Donald Trump on prediction market Kalshi, a new poll on the betting platform reveals. Current SEC Chair Gary Gensler will step down ahead of Trump's inauguration. The post Paul Atkins In The Lead For SEC Chair In Latest Kalshi Poll appeared first on Cryptonews.

Russia classifies digital currencies as property under new tax law. Mining operations are exempt from VAT, easing financial obligations.

Don't miss out on the biggest crypto Black Friday offers of 2024! From advanced trading tools to exclusive exchange rewards and secure hardware wallets.

Two altcoins—Algorand and Decentraland—could be on the verge of major rallies, according to technical analysis. Recently, the cryptocurrency market has experienced significant turbulence, with Bitcoin (BTC) leading a broad sell-off. After touching $99,690 on Nov.

Amrita Srivastava, a former executive at Binance, has filed a whistleblower lawsuit in the UK, accusing the exchange of tolerating bribery within its ranks.

USDT alone accounts for 69% of the global stablecoin supply, having reached a market cap of over $133 billion.

Under the stewardship of CEO Dana White, the Ultimate Fighting Championship (UCF) has become one of the biggest, if not the biggest organization in martial arts today.

Stablecoins usage could feasibly reach 10% of U.S. M2 and FX transactions, as the sector gains legitimacy, analysts said.

Hong Kong plans crypto tax exemptions for funds to enhance its status as an offshore financial hub, competing with Singapore. The post Hong Kong plans crypto tax exemptions for hedge funds and private investors appeared first on Crypto Briefing.

Children's charity Make-A-Wish International is shaking the donation tin for Bitcoin, Ethereum and USDC this holiday season.

A cryptocurrency firm plans to completely halt the operation of its NFT marketplace early next year, a decision that might have a great impact on the NFT space.

A strategic alliance to enhance access to liquidity and optimize credit solutions

The stablecoin economy has grown substantially, surpassing its previous peak recorded just before Terra's stablecoin collapsed in May 2022. Stablecoin Market Sees Triple-Digit Growth as Tether's Market Cap Hits $132B Data reveals that the crypto economy is currently valued at $3.33 trillion, with stablecoins making up anywhere between 5.70% and 6.

LTP clients will get easier access to Bitstamp's deep liquidity pools, including lending and credit options. The post Bitstamp and LTP Collaborate to Deliver Improved Liquidity and Trading Solutions for Institutions appeared first on Cryptonews.

MetaMask co-founder Dan Finlay's memecoin experiment highlights Web3's struggles with consent, trust and investor expectations.

In the face of Bitcoin's historic rise nearing $100,000, Trezor, a leader in crypto hardware wallets, is experiencing an unprecedented surge in sales. The manufacturer reports a spectacular 600% increase in its weekly sales.

The cryptocurrency market is buzzing with discussions about the delayed onset of the altcoin season. While Bitcoin has surged due to institutional interest and spot ETF (exchange-traded funds) demand, the altcoin market remains relatively subdued.

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Hong Kong has proposed tax exemptions for private equity and hedge funds to attract global investors.

Cryptocurrency hackers continue damaging the industry's reputation as the yearly value stolen through cyberattacks nears $1.5 billion.

In the latest report, Binance analyzes the 0.5% reduction of the target rate for federal funds by the Fed.

One of crypto's oldest index funds aims for the big leagues as NYSE Arca files to list shares under new digital asset rules.

A move below the outlined demand zone would likely take Supra crypto to the 78.6% retracement level at $0.00836.

Frax Finance was allegedly among the crypto companies targeted by the debanking effort, according to the platform's founder.

The crypto market has become the center of attention, with the Bitcoin price aiming at the $100k mark. However, another incident is also gaining investors' attention these days.

Binance, the world's largest blockchain and exchange, has launched the ‘Binance PayDay' crypto cashback event for holiday shoppers making purchases using cryptocurrencies. Over $200K in PEPE will be up for grabs for the 19,480 eligible shoppers who will shop from participating Binance Pay merchants.

Marc Andreessen's chat with Joe Rogan set off a viral response from the crypto world, with many industry enthusiasts and startup founders recounting their own run-ins with being debanked by financial institutions. This exchange quickly became a focal point for the community, sparking shared experiences and fresh debates around access and fairness in traditional banking.

Hong Kong came up with a new idea to attract crypto investors. A bold new proposal offers tax breaks on crypto gains, making it a hot topic among the wealthy. But it brings a big question if this move can turn Hong Kong into a global crypto powerhouse? Let's break it down.

Brian Armstrong accused SEC's Gensler and Senator Warren of undermining crypto, fueling debanking issues, and impacting the 2024 election.

The proposal is currently under a six-week consultation period.

Base processed a historic 11.447 million transactions in a single day, driven by the viral success of meme coins like Clanker and Virtuals Protocol.

The MemeFi campaign has officially wrapped up its Round 2 Quest and Airdrop, rewarding participants with a share of 600 MemeFi tokens each.

The PAWS token is preparing for a significant listing on various major crypto exchanges, scheduled for Dec. 30, 2024.