In this post: The Ethereum Foundation sold 100 ETH on Wednesday, according to Lookonchain. With 4,566 ETH sold so far, the sales followed a trend that has been noted since January 2, 2024. The Ethereum Foundation has a history of selling ETH close to market peaks, which frequently precede market declines, per earlier Lookonchain research. […]

In this post: The U.S. Department of Justice (DOJ) was given permission by a federal judge to sell $6.5 billion worth of Bitcoin that it had purchased from the Silk Road marketplace. According to a court document, Chief U.S. District Judge Richard Seeborg denied a motion to stop the forfeiture of 69,370 Bitcoin, enabling the […]

In this post: Additionally, Microsoft said that it has signed an AI memorandum of understanding with SaaSBoomi, an Indian network for business-to-business entrepreneurs. In addition to raising an additional $1.5 billion in venture capital funding for Indian AI and SaaS businesses, the two will work together to promote entrepreneurship in smaller Indian villages and towns. […]

In this post: During the most recent election, which saw Donald Trump win, cryptocurrency’s significance in American politics increased dramatically. As its own cryptocurrency business aims for more recognition, Canada seems to be paying attention. With the federal election coming up in a few months, the Canadian crypto sector hopes that politicians will stop ignoring conversations about cryptocurrencies. The cryptocurrency business in Canada aims to imitate that of the US Donald Trump positioned himself as the “crypto candidate” during the campaign, promising that his government would enact pro-industry laws. To win over cryptocurrency enthusiasts and investors, he even made hints about the potential creation of a national Bitcoin reserve. Trump attempted to appoint proponents of digital assets to his cabinet after winning the election, and even more so, the price of bitcoin has increased by more than 40%, crossing the $100,000 mark for the first time. In addition to Trump’s active role in boosting crypto’s influence, political contributions from key industry figures further amplified the movement. The crypto sector contributed about $135 million to support candidates, with Crypto’s Fairshake PAC […]

In this post: The Internal Revenue Service (IRS) has been sued by the Blockchain Association for new rules pertaining to the decentralized finance (DeFi) industry. The organization is opposing new IRS regulations that would designate certain DeFi industry protocols as brokers. The protocols will be required by the new regulation to disclose customer transaction details […]

In this post: One of the most popular memes in recent days, Chillguy (CHILLGUY), began to decline after it was discovered that its primary image was stolen. Following the news, CHILLGUY’s decline from mid-December continued, falling from $0.19 to $0.17. Chillguy continued to lose money, going from $0.19 to $0.17 in a matter of minutes. […]

In this post: A new centralized platform is being developed by the Bank of Russia to detect and limit over-the-counter (OTC) cryptocurrency transactions. The system will specifically target “droppers” or “mules,” or people who lend their bank accounts and cards for cryptocurrency-related transactions, pirate websites, drug stores, and online casinos, according to Bogdan Shablya, head […]