AdvertisementPeople all over the globe are ready to welcome 2025 with fireworks and big parties. It is high time for U.Today to recall the key cryptocurrency news stories that have defined the year 2024.12. Kabosu, the face of the Doge meme, passes away (May)Kabosu, the dog behind the legendary Doge meme, passed away in May at the age of 18.The world’s most famous Shiba Inu, which was singlehandedly responsible for popularizing this Japanese breed of dogs, was adopted from a puppy mill before turning into a huge internet celebrity.The Doge meme inspired the Dogecoin cryptocurrency, which is currently valued at $47 billion.AdvertisementThe DOGE meme coin experienced a major rally in 2024, surging by more than 250%.card11. Ripple launches RLUSD stablecoin (December) Despite still being enmeshed in a legal battle with the U.S. Securities and Exchange Commission (SEC), San Francisco-based blockchain company Ripple has waded into the stablecoin sector with its RLUSD token. The stablecoin, which prides itself on its regulatory compliance, will be competing against current market leaders such as Tether (USDT) and Circle’s USDC.card10. Celebrity meme coin mania (May)Iggy Azalea was the ultimate it-girl of summer 2014 with her massive hit “Fancy,” becoming the first artist since The Beatles to simultaneously occupy the number one and two spots on the Billboard Hot 100 chart.The mainstream career of the Australian rapper faded in a short span of time. In 2024, however, she launched a Solana-based meme coin, whose market cap peaked at $250 million.Apart from Azalea, several other D-list celebrities have jumped on the short-lived and controversial celebrity meme coin trend. card9. Germany’s Bitcoin selling spree (July) Saxony, a German state, ruffled the feathers of Bitcoiners by going on a massive selling spree this summer. In early 2024, Germany ended up among the top holders of Bitcoin after local police seized a whopping 50,000 BTC from a now-defunct movie piracy website. However, it went on to liquidate all of it. Bitcoiners then started taking a victory lap after the price of Bitcoin surged higher later in 2024. card8. HBO’s Satoshi documentaryThe cryptocurrency industry saw more mainstream attention with the recent release of a much-talked-about Satoshi documentary by HBO. What was hyped as a major reveal ended up being a major flop. The documentary alleged that Canadian developer Peter Todd was the man who started it all.The documentary failed to bring anything new to the table, mainly regurgitating old information.card7. Bitcoin halving (April) Bitcoin had yet another quadrennial halving on April 19, with its block reward eventually being reduced to 3.125 BTC.The halving event was accompanied by concerns about the sustainability of the Bitcoin mining industry. Due to smaller block rewards, smaller miners found it more difficult to turn a profit.Those who were betting on Bitcoin prices to rise after the halving were correct once ag
Ven. Gen 3rd, 2025
