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Galaxy Digital CEO Mike Novogratz Admits He Was Wrong About XRP and Altcoins


  Source: Galaxy Gives Mike Novogratz, Founder and CEO of Galaxy Digital admitted that he was wrong about XRP in an interview. Novogratz also said that altcoins are currently store of value and might have utilities in the future. Novogratz was originally skeptical about XRP, especially...

Tether Freezes Tokens of Sanctioned Individuals Listed by OFAC


Source: Pixabay Tether (USDT), the company behind the world’s largest stablecoin, has frozen the wallets of individuals sanctioned by the U.S. Office of Foreign Asset Controls (OFAC).  In a recent announcement, the company said it aims to prevent potential misuse of its tokens and enhance...

Bitcoin Price Briefly Drops Below $41,000 Amid Broader Market Correction


Source: DALL·E Bitcoin price has just dropped below $41,000 briefly, undoing almost a week’s gains before a bounce back. Other major cryptocurrencies including Ethereum, Ripple (XRP), Solana (SOL), and Cardano (ADA) were also down over 5%. According to TradingView, the price of Bitcoin made a sharp...

‘All Russians’ Will Be Able to Use Digital Ruble in 2024 – Moscow


Source: petert2/Adobe The Russian government wants to fast-track the launch of the digital ruble – and now claims that all citizens will be able to use the CBDC in 2024. The Central Bank has previously claimed that Russians may have to wait until 2027 for a full nationwide rollout. But in recent...

Solana NFTs Eclipse Ethereum in Trading Volume Amid Surge


Source: AdobeStock / Aleksandra Sova Solana (SOL) continues to experience upward momentum, with its non-fungible tokens (NFTs) witnessing considerably higher trading volume, surpassing even that of Ethereum. Projects like Mad Lads and Tensorians have seen significant price increases, multiplying...

Best Crypto to Buy Now December 8 – Cardano, BONK, Pyth Network


ADA, BONK, and PYTH surge to new highs as investors seek the best crypto to buy now. Image by cryptonews.com. With a powerful surge so far today, the ADA price achieved a new year-to-date high, drawing the attention of analysts who endorse Cardano as one of the best cryptos to buy now. BONK...

Jito Launches Airdrop of $225 Million in Tokens to Solana Community


Source: screenshot from Jito.Network Solana-based decentralized finance (DeFi) platform Jito has launched its much-anticipated airdrop, distributing approximately $225 million worth of tokens to Solana users globally. The airdrop, which commenced on Thursday this week at 11 am EST (4 pm UTC)...

Top Crypto Gainers Today on DEXTools – PPFace, Gemini, SECT


Blue-chip cryptocurrencies are having another strong day today, with the top crypto gainers seeing increases of up to 16% in 24 hours and 30% in a week. Today’s bullish performance comes as the market continues to gain momentum en route to what many are expecting will be a full-on bull market...

Safe, Sygnum Bank, CoinCover Partner to Launch Optional Crypto Recovery Hub


Source: Sygnum Smart wallet infrastructure provider Safe is partnering to launch a curated suite of crypto recovery options, dubbed “Safe Recovery Hub.” The service is offered in collaboration with global digital asset banking group Sygnum Bank and the UK-regulated recovery service provider...

More Major South Korean Exchanges Begin Listing USDT


Source: FellowNeko/Adobe Another leading South Korean crypto exchange has listed the US dollar-pegged stablecoin USDT as global trading volumes begin to climb. Per Kyunghyang Games, Bithumb – the second biggest exchange in the nation – launched support for the coin on December 7. The listing...

Chinese Cities Launch End-of-Year Digital Yuan Giveaways


Source: Putra/Adobe More Chinese cities will give away digital yuan tokens and discount vouchers this month, as the People’s Bank of China (PBoC) looks to spur CBDC adoption. The Hebei News Network reported that the PBoC’s Hebei branch and local government authorities in the province will give...

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