| | Your Daily Digest of the 🔥Hottest News in Crypto | | | Today's top stories: 💥 Ending Bitcoin's 4-year boom-bust cycle 👉 BIS consultative group proposes retail CBDC 🎧 'No guarantee' Bitcoin 21M supply cap is truly fixed 📰 Keep reading to find out more about all of today's top stories | | | | A Bitcoin Reserve Act may end crypto's 4-year boom-bust cycle
With speculation mounting that incoming President Donald Trump may sign an executive order declaring a Bitcoin Reserve on day one, or pass legislation to establish a Reserve during his term, many wonder if the move could lead to a crypto supercycle.
Since Wyoming Senator Cynthia Lummis introduced the Bitcoin Reserve Act earlier this year, states like Texas and Pennsylvania have filed similar proposals. Russia, Thailand and Germany are reportedly considering proposals of their own, further ramping up pressure.
| |  | | | | | | | | Bitfinex hacker speaks out after sentencing
Ilya Lichtenstein, the hacker who stole and laundered Bitcoin from the crypto exchange Bitfinex, has released a statement on social media after being sentenced to five years in prison. In a Dec. 19 X post, Lichtenstein reaffirmed many of the statements he made in court leading to his incarceration. He confessed to hacking Bitfinex in 2016 and laundering "thousands of Bitcoin" but suggested he wanted to shoulder the entirety of the blame rather than his wife, Heather Morgan, who was also sentenced to prison time for her role in laundering Bitcoin.
| | | | | | | | |  | | [Cointelegraph Acceleration] Smart leverage model offers a new approach to digital borrowing, combining flexible leverage options with strategies designed to address risks and support ecosystem growth.
| | | | | BIS consultative group proposes retail CBDC architecture
The Bank for International Settlements (BIS) Consultative Group on Innovation and the Digital Economy has proposed a retail central bank digital currency (CBDC) architecture based on a hybrid approach where issuance and governance of the CBDC are handled by a country's central bank while commercial banks provide consumer-facing services.
According to the BIS, the proposed CBDC framework takes a modular approach to design and will focus on a token-based model to promote privacy.
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