Avalanche was ‘undervalued’ before posting 79% weekly gain — Analysts

AVAX surged while other tokens plunged, with analysts pegging its outperformance on being relatively undervalued while forging new partnerships with JPMorgan and Citi.
El Salvador’s Bitcoin bond gets regulatory approval, targets Q1 launch

The Volcano Bond was approved by the country’s Digital Assets Commission on Dec. 11, with issuance expected in Q1 2024.
Bitcoin may hit $50K on altcoin ‘FUD’ as Ethereum, Solana beat gains

Bitcoin takes a back seat on low timeframes as ETH and SOL claw back crypto market cap share from BTC.
Crypto is for criminals? JPMorgan has been fined $39B and has its own token

Crypto proponents on X wasted no time pointing out the hypocrisy of JPMorgan CEO Jamie Dimon’s recent remarks about Bitcoin and crypto to the U.S. Senate Committee on Banking, Housing, and Urban Affairs.
AI regulations in global focus as EU approaches regulation deal

Concerns over potential misuse of AI have prompted the U.S., U.K., China, and the G7 to speed up regulation of the technology, though Europe is already way ahead.
Robinhood launches crypto trading services in Europe

All eligible customers in the EU region can access Robinhood for crypto trading services, with over 25 cryptocurrencies available for trade.
British regulator adds Justin Sun-linked Poloniex to warning list after $100M hack

The Financial Conduct Authority warns that the crypto exchange is operating without proper authorization.
Tax services are getting pushy to have crypto declared: Law Decoded, Nov. 27–Dec. 4

Spain and Brazil are chasing cryptocurrency stored abroad, while the U.K. wants taxes paid for crypto assets that weren’t previously declared.
IBM, Meta and others form ‘AI Alliance’ to advance AI development

In a joint statement, IBM and Meta outlined the AI Alliance’s objectives, emphasizing a commitment to safety, collaboration, diversity, economic opportunity and universal benefits.
Coinbase market share grows outside US trading hours amid Binance saga: Report
According to Kaiko Research, Bybit experienced a rise in market share around the clock, whereas Coinbase witnessed significant growth outside of the United States trading hours.