United States citizens who buy and sell digital assets will have their transactions screened by the Internal Revenue Service (IRS) starting this year.  The new development follows the IRS’s initiative to create a third-party reporting system for crypto transactions conducted on centralized exchanges in the US.  Centralized exchanges like Coinbase and Gemini will send transaction…

The SEC appeals the XRP ruling, challenging retail investor classifications. Ripple dismisses the move as repetitive and signals confidence in thriving despite ongoing litigation. The U.S. Securities and Exchange Commission (SEC) has escalated its legal battle against Ripple Labs, filing an appeal to challenge a recent district court ruling on XRP token classifications. The SEC’s…

A Russian natonal was sentenced to seven years in prison for high treason after using cryptocurrency to fund Ukraine’s Armed Forces. Russian National Sentenced To Prison A Russian national has been sentenced to seven years in prison for high treason after using cryptocurrency to fund the Ukrainian Armed Forces, marking one of the first cases…

Key Takeaways: Swiss state-owned PostFinance has launched Ethereum (ETH) staking for its 2.7 million customers, enabling investments from 0.1 ETH and requiring a 12-week minimum staking period. The service, integrated into existing platforms, highlights transparency and security with native staking directly on the Ethereum blockchain. PostFinance plans to expand its offerings beyond Ethereum, reinforcing its…

Fidelity Investments buys $463 million worth of Bitcoin, signaling growing institutional interest as BTC price predictions rise for 2025.

Key Takeaways: Jio Platforms partners with Polygon Labs to bring Web3 to 450M users. The collaboration focuses on blockchain-based tools for finance, entertainment, and healthcare sectors. India’s Web3 adoption accelerates, enhancing transparency, efficiency, and digital innovation. Jio Platforms Ltd., India's leading digital service provider, has partnered with Polygon Labs to integrate Web3 capabilities into its…

Ripple’s CEO Garlinghouse discusses the potential inclusion of XRP, SOL, and USDC in U.S. strategic crypto reserves at CfC St. Moritz.

Rebecca Rettig, a veteran crypto legal expert, joins Jito Labs as its first CLO to navigate regulatory changes amid rapid growth.

Coinbase introduces Bitcoin-backed loans, offering users up to $100K USDC through Morpho protocol.

Key Takeaways: South Korea’s Financial Intelligence Unit (FIU) issued a suspension notice to Upbit over alleged KYC violations, affecting up to 600,000 accounts.  The suspension could bar new user registrations for six months, with a final decision expected on January 21. If found guilty, Upbit faces fines up to billions of dollars, intensifying regulatory scrutiny…