3 major developments that spurred crypto adoption in 2024

    In 2024, global cryptocurrency adoption surged as Bitcoin broke price records and governments began integrating crypto into their financial frameworks. From Bitcoin’s historic milestones to Europe’s regulatory strides, 2024 set the stage for crypto’s mainstream integration. Cointelegraph has put together some of the most significant events that bolstered mainstream cryptocurrency adoption in 2024, from a…

    DeFi has 3 options if IRS rule isn’t rolled back — Alex Thorn

    The recent Internal Revenue Service (IRS) reporting rule designating decentralized finance (DeFi) front-ends as brokerages has sent shockwaves through the crypto industry. Alex Thorn, the head of research at Galaxy Digital, outlined three potential options for DeFi if the IRS rule is not backtracked. According to Thorn, DeFi services and applications can comply with the…

    Ethereum prepped for 2025 rally as monthly Ether ETFs inflows double

    Ether exchange-traded funds (ETFs) hit a new monthly record in December despite the holiday illiquidity, bolstering analyst expectations of an incoming rally. The United States spot Ether exchange-traded funds (ETFs) reached a new monthly record, surpassing $2.1 billion worth of cumulative net inflows during December. December’s $2.1 billion worth of inflows is nearly double that…

    Crypto Biz: The Year of Bitcoin

    Bitcoin has had such a historic year! Nearly 16 years after its network debuted, cryptocurrency solidified its status as a mainstream financial instrument with the approval of 11 exchange-traded funds in January. The ETFs’ launch marked one of the most successful debuts in history thanks to institutional demand, with Bitcoin-focused funds attracting over $113.5 billion by the…

    EU silence does not make USDT MiCA-compliant, says exec

    The European Union’s cryptocurrency regulations are set to take full effect in just a matter of days, but there’s still a significant amount of uncertainty on Tether’s USDt stablecoin. United States crypto exchange Coinbase delisted Tether’s USDt in mid-December, citing compliance with the EU’s Markets in Crypto-Assets Regulation (MiCA). After Coinbase’s USDT delisting, the stablecoin has continued trading across…

    Stablecoin adoption, ETFs to propel crypto performance in 2025: Citi

    Continued adoption of stablecoins and cryptocurrency exchange-traded funds (ETFs) will propel digital asset performance in 2025, according to a Dec. 26 Citi research report. Crypto ETF inflows, onchain activity and stablecoin usage all spiked after President-elect Donald Trump won the United States presidential election in November, and those metrics remain elevated going into the new…

    Crypto industry calls on Congress to block new DeFi broker rules

    The final regulations classifying several decentralized finance (DeFi) protocols as brokers have sparked immediate backlash within the crypto industry, with calls for the incoming Congress to overturn the new rules. Disclosed on Dec. 27 by the US Internal Revenue Service, the new regulations treat front-end protocols facilitating digital asset transactions as brokers, requiring Know Your Customer disclosures…

    Challenges for GameFi in 2025

    Blockchain gaming faces several challenges in 2025. Tobin Kuo, CEO of blockchain gaming company Seraph, told Cointelegraph that sustaining player engagement, adopting new technologies, and building sustainable in-game economies were the hurdles GameFi must overcome to remain viable. According to Kuo, over 60% of players disengage from Web3 games after only 30 days. The CEO…

    Bitwise files for ETF tracking firms with big Bitcoin treasuries

    Bitwise, an exchange-traded fund (ETF) issuer, has submitted a proposal to introduce a new fund designed to invest in publicly traded companies with substantial Bitcoin holdings on their balance sheets. The Bitwise Bitcoin Standard Corporations ETF would invest in companies “that have adopted the ‘Bitcoin standard’” and hold at least 1,000 Bitcoin in their corporate…

    Tether makes first crypto VC fund investment into Arcanum Capital

    Stablecoin issuer Tether made its first crypto venture capital fund investment into Arcanum Capital’s Arcanum Emerging Technologies Fund II — a tokenized investment vehicle specializing in decentralized Web3 projects — for $2 million. Managing partner at Arcanum Capital, James McDowall said the fund invests in blockchain technologies that enhance remittances, cross-border payments, privacy and banking…