December, 2024

December, 2024

Ripple to begin global rollout of RLUSD stablecoin on Dec. 17
Ripple will launch its US dollar-pegged stablecoin, Ripple USD (RLUSD), on Dec. 17 on the XRP Ledger and Ethereum. According to the Dec. 16 announcement, each RLUSD token will be fully backed by US do...

UK aims for balanced crypto regulation with FCA-led consultation
The UK Financial Conduct Authority (FCA) has initiated a public consultation aimed at refining regulations for crypto, according to a Dec. 16 statement. The initiative signals the FCA’s commitment t...

El Salvador grants Bitget a Bitcoin license amid $362 million profit boom
El Salvador’s Central Reserve Bank has officially granted Bitget a Bitcoin Service Provider (BSP) license, according to a Dec. 16 statement shared with CryptoSlate. This move grants the exchange leg...

MicroStrategy marks sixth consecutive week of Bitcoin purchase with additional 15,350 BTC for $1.5 billion
Michael Saylor-led MicroStrategy has purchased 15,350 Bitcoin for $1.5 billion at an average price of $100,386 per coin, according to a Dec. 16 filing with the US Securities and Exchange Commission (S...

NFT collection CyberKongz says it has received a Wells Notice from SEC
NFT collection CyberKongz says the U.S. SEC plans to bring charges against it after being in contact with each other over the past two years. ...

Anticipated Avalanche9000 upgrade goes live, reducing costs and making it easier to launch Avalanche subnets
The much-anticipated Avalanche9000 upgrade introduces improvements that make it cheaper and easier to launch “subnet” blockchains....

Monad Foundation forms to promote adoption of the Ethereum-compatible Layer 1
The forming of the Monad Foundation could be an indication that a mainnet and token launch will soon follow....

With MicroStrategy joining the Nasdaq 100, analysts weigh what’s next for the corporate bitcoin holder
This gives the corporate bitcoin holder exposure to billions of dollars in passive flows into the 13 ETFs that track the Nasdaq 100....

The Daily: Bitcoin hits new all-time high, Ripple’s RLUSD set to launch, MicroStrategy’s latest BTC acquisitions and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

TD Cowen says SEC likely to forge on with crypto rules without Democratic commissioners in the new year
Democrats will likely not be at top posts at the U.S. SEC, giving way for Republicans to adopt crypto-related rules, according to TD Cowen....

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