Crypto News

Coinbase is a banking giant, calls increase to audit the Federal Reserve, XRP bulls fight to hold $2.40, and more in this Week in Review. Week in Review Coinbase is quietly reinventing itself as a banking giant with $420 billion in assets, poised to rival traditional banks and brokerages. At the same time, a growingSource link

Plan B, a bitcoin analyst who is famous for his stock-to-flow (S2F) price prediction model, has announced that he sold his tokens, pivoting to bitcoin exchange-traded funds (ETFs). Predicting a negative backlash from the community, he stated: “Yes I know, not your keys not your coins. But it is just easier for me to manageSource link

Javier Milei endorsed a token called Libra, which was allegedly intended to support local enterprises, without doing due diligence. This set in motion a chain of events that could even result in the impeachment of the leader, as thousands of investors lost money in the project. How Milei Endorsed Failed Meme Coin Libra Without DueSource link

Luke Xie, co-founder and CEO of Satlayer, emphasizes the importance of highlighting bitcoin’s other use cases, particularly with the introduction of Taproot. The ETF and Trump Effect on Bitcoin The increased public interest in bitcoin, sparked by rumors in Q3 2023 that investment giant Blackrock contemplated launching a bitcoin exchange-traded fund (ETF), persisted throughout 2024.Source link

The founder of Clucoin, Austin Michael Taylor, was sentenced to 27 months in prison for wire fraud, followed by three years of supervised release, and ordered to pay $1.14 million in restitution and forfeitures. Taylor, 41, from Sykesville, Maryland, used his social media influence to promote Clucoin, a Miami-based cryptocurrency project under his company, CLUSource link