According to Odaily, TikTok is preparing to shut down its application for U.S. users on Sunday due to an impending ban. This action will take place unless the U.S. Supreme Court intervenes to halt the ban, as revealed by two sources familiar with the situation.

Bank of Japan Governor Kazuo Ueda said that if economic conditions and prices continue to improve, interest rates will be raised. (Jinshi)

TikTok is preparing to shut down its app to U.S. users as a U.S. ban takes effect on Sunday, two sources said, unless the U.S. Supreme Court intervenes to block it. (The Information)

According to BlockBeats, Microsoft Threat Intelligence has identified a new macOS vulnerability, CVE-2024-44243, which could enable attackers to bypass Apple's System Integrity Protection (SIP) by loading third-party kernel extensions. SIP is a security feature designed to restrict operations that could compromise system integrity. Bypassing SIP poses significant risks, such as facilitating the installation of rootkits, creating persistent malware, bypassing transparency, consent, and control (TCC), and expanding the attack surface for other techniques and vulnerabilities.

Anthony Pompliano, a well-known Bitcoin advocate and investor, has proposed three strategic measures for President-elect Trump to accelerate the popularity of Bitcoin in the United States. The first suggestion is to repeal the anti-crypto banking policy SAB 121. The regulation currently restricts banks from holding digital assets, requiring them to classify these assets as liabilities. Pompliano believes that removing this obstacle will allow banks to hold Bitcoin on behalf of their customers, which will promote institutional demand for cryptocurrencies. He pointed out that allowing financial institutions to include Bitcoin on their balance sheets could create a stronger ecosystem for digital assets. This change could also provide U.S. banks with a competitive advantage in the growing global cryptocurrency market. Another action proposed by Pompliano is to establish a national Bitcoin reserve. He emphasized that the U.S. government already owns about 200,000 Bitcoins, which can serve as a basis for establishing such a reserve. He suggested that it would be wise to increase the government's Bitcoin holdings rather than liquidate them. He emphasized that Bitcoin's growing utility as a store of value and hedge against inflation could be beneficial to the economy in the long run. Pompliano also urged Trump to introduce tax reforms to change the way current laws treat Bitcoin. Currently, Bitcoin is classified as property, which means that transactions involving cryptocurrencies are subject to capital gains tax. This classification creates complexity for consumers and businesses seeking to use Bitcoin for everyday transactions. Pompliano therefore suggested that the tax code be adjusted to remove these obstacles. Finally, he emphasized that these measures will put the United States at the forefront of the digital currency revolution.

The post Trump Family’s Crypto Project Makes $38M Ethereum Move to Coinbase appeared first on Coinpedia Fintech News The Trump family’s crypto project, World Liberty, has been making notable moves in the blockchain space. Earlier today, the project executed significant transactions through Cow Protocol. It exchanged 103.15 WBTC for 3,075.20 ETH, valued at approximately $9.92 million, and 16.62... source: https://coinpedia.org/crypto-live-news/trump-familys-crypto-project-makes-38m-ethereum-move-to-coinbase/

XRP price started a fresh increase above the $2.50 level. The price is gaining pace and could rally further above the $2.880 resistance. XRP price gained over 5% and rallied above the $2.550 zone. The price is now trading above $2.550 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.60 on the hourly chart of the XRP/USD pair (data... source: https://www.newsbtc.com/analysis/xrp/xrp-bulls-charge-ahead-rally-2-80/

According to official news, OpenAI announced the appointment of BlackRock executive Adebayo "Bayo" Ogunlesi as a member of the board of directors. As the founding partner, chairman and CEO of Global Infrastructure Partners (GIP), one of the infrastructure investment platforms, and a senior managing director of BlackRock, Ogunlesi has extensive leadership experience and expertise in corporate finance, infrastructure investment and global market strategy. This appointment further supplements the board's depth in technology, AI safety, cybersecurity, regulation, economics, non-profit and governance, and enhances its ability to oversee the company's progress towards AGI.

The post SEC Sues Elon Musk Over Alleged Twitter Stock Violations appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, accusing him of breaking securities laws. The SEC claims Musk delayed disclosing his 5% ownership in Twitter, allowing him to buy more shares at lower prices, allegedly underpaying by $150 million.... source: https://coinpedia.org/crypto-live-news/sec-sues-elon-musk-over-alleged-twitter-stock-violations/

According to Odaily, Franklin Templeton has released a new report forecasting that AI agents will revolutionize the way content is generated on social media, becoming indispensable across various industries and platforms. The report suggests that, similar to human influencers today, these agents could launch their own brands, products, music, and films, contributing significant economic value to their ecosystems. However, it also notes that AI agents are still in the early stages of development. While not yet fully autonomous and currently of limited utility, the emerging field holds substantial potential and warrants close observation as it evolves and matures.

Thaksin Shinawatra has called for legalising online gambling and adopting cryptocurrencies in Thailand to boost government revenue and modernise the economy. The Thai government is already exploring cryptocurrency payments in Phuket and conducting trials of a central bank digital currency.

“With Gary Gensler in the dumpster in Washington, we have a golden opportunity to ensure that the future of digital assets is American-led,” Emmer said.

The U.S government is asking American citizens not to give their personal data to a Chinese company, but citizens are replying to the government's plea with a middle finger. As the country is waiting for the TikTok ban to go into effect on Jan 19, Chinese social media app Xiaohongshu (colloquially known as Red Note) has become the most downloaded app overnight.

New spot Bitcoin and Ethereum exchange-traded products expand market access, and the U.S. Congress may bring greater regulatory clarity. For these reasons, cryptocurrency valuations may eventually transcend the four-year cycles seen in the market’s early history.

These AI-powered glasses promise a fast, seamless user experience with extended reality features, potentially ushering in a "post-smartphone era." By processing data locally and rewarding users with crypto, they enter a competitive market—but are they a breakthrough or just a gimmick?

In December 2024, the U.S. Internal Revenue Service (IRS) released the final version of the new tax reporting rules for crypto asset brokers, marking a new stage in the U.S. crypto asset tax system.

Despite the wild swings in December, Bitcoin’s volatility remains fairly tame by historical standards.

I hope that our readers can put aside their emotions when they are anxious, and ask themselves whether the situations that may happen today and in the future are what we have anticipated in advance?

The US, Japan, and South Korea condemned North Korea’s rising cyber threats, urging stronger public-private collaboration. But the question remains about how they will adapt its strategy against North Korean hackers.

This isn’t just MicroStrategy’s doing; it’s a real trend that’s powerful enough to have driven a significant rally in the bitcoin market this year.