December, 2024

December, 2024

Bitcoin steadies below $99,000 as US inflation data meets expectations
Bitcoin traded near $98,000 Wednesday after US November inflation data aligned with forecasts. The annual inflation rate reached 2.7%, matching consensus up 0.1%, while core inflation held at 3.3%, ac...

Crypto user loses $7.8 million in SolvBTC as phishing scams surge on social media
A phishing attack resulted in a crypto user losing $7.8 million worth of SolvBTC, a wrapped Bitcoin product created by Solv Protocol. On Dec. 11, blockchain security firm Scam Sniffer highlighted the ...

FTX recovers $14.5 million through political donation settlements
FTX debtors secured approximately $14.5 million in November through small claim settlements, primarily from political donations, according to a Dec. 10 court filing. The recovered funds included $6 mi...

Bitcoin deserves to be $870k with gold parity according to former Binance CEO Changpeng Zhao
At Bitcoin MENA 2024, Binance CEO Changpeng Zhao said Bitcoin could surpass gold’s market capitalization. Speaking in an interview during the event, Zhao said gold’s supply is hard to determine, w...

Layer-2 Project Using Facebook’s Move Language Rallies Hard as Coinbase Adds Trading Support
One new layer-2 Ethereum (ETH)-based altcoin jumped by triple digits as top US crypto exchange Coinbase added trading support for the asset. Movement (MOVE) soared to a high of $1.45 Monday, a gain of...

Apple Marries Siri to ChatGPT in Latest AI Update
ChatGPT, meet Siri. Siri, meet ChatGPT. Apple integrated its voice assistant, standard with its iPhone and other devices, with OpenAI’s artificial intelligence, part of a series of updates announced...

Goldman Head Projects 2025 Dealmaking Will Exceed 10-Year-Average
The CEO of Goldman Sachs is predicting a strong year for dealmaking in 2025. Speaking to Reuters Tuesday (Dec. 10), David Solomon said that dealmaking in equities, mergers and acquisitions in 2025 cou...

Klarna Fined $50 Million for Anti-Money Laundering Defects
Klarna has been fined $50 million in Sweden over faults in its anti-money laundering protections. Sweden’s Financial Supervisory Authority, or FI, announced Wednesday (Dec. 11) that an investigation...

LendingClub Founding CEO and Current Upgrade CEO Renaud Laplanche Comments on 10 Year Anniversary of Iconic Fintech IPO
LendingClub (NYSE:LC) became a public firm in an IPO held on December 11, 2014 – ten years ago today. At that time, the transition of the high-profile Fintech from a private firm to a publicly trade...

Financial Technology Association Publishes Fintech Roadmap for Incoming Adminstration
Expectations are high that the Trump Administration will support financial innovation and entrepreneurship. Many Fintechs are elated with his election, as it contrasts to the difficult environment dur...

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