Franklin Templeton, the Spot Bitcoin exchange-traded fund (ETF) issuer expects more nations to adopt strategic Bitcoin reserves in 2025, according to the company’s digital assets outlook.
A list of predictions for next year was published by the ETF issuer on Dec 30. This included its expectations for “several nations” to adopt Bitcoin BTC$94,141 reserves. Franklin Templeton also said that Bitcoin will solidify its position as a global asset that acts as a digital store of value. The ETF issuer stated that this will be hastened by the adoption from institutional and sovereign entities.
Although the ETF issuer did not specify the countries that might implement Bitcoin reserves, Franklin Templeton expects a 'transition from speculation to utility' in 2025. The firm stated that the underlying technologies of cryptocurrencies will become essential to global financial systems in the coming year.
Tangem wallet collected user seed phrases via email glitch
Tangem, a cryptocurrency wallet provider fixed a critical security vulnerability on its mobile app that collected certain users’ private keys through emails.
The correction was made following numerous complaints from Reddit users who accused Tangem of endangering investors' funds by revealing their private keys to email accounts and Tangem staff.
A Reddit discussion on Dec 29 on Tangem’s operations gained traction;It alleged that the wallet provider permitted private keys to be stored in email histories. The Reddit user, u/areklanga, mentioned that Tangem had not offered a 'reasonable response' when the problem was previously highlighted.
“So, user private keys remain in both user email history, Tangem email history, and perhaps in some Tangem ticket tracking system and are available for Tangen employees. Which makes all Tangem users compromized.”
They also claimed that the original Reddit post mentioning the glitch “was deleted for some reason.”
Tangem recognized the problem on December 30 and stated that the incident was caused by a bug in the log processing of the mobile app, which has been completely resolved.
Bitcoin Runes loses all momentum by 2024 end
In December, transactions on the Runes protocol on the Bitcoin network saw a notable decline, significantly lower than the peak levels observed during its more active months earlier in 2024.
Following the launch of Runes, the protocol consistently achieved the highest bandwidth on the Bitcoin network. On April 23, Runes surpassed 753,000 transactions, outpacing the Ordinals protocol, BRC-20s, and Bitcoin BTC$94,203. This record represented over 81% of all transactions on the Bitcoin blockchain.
Runes maintained their momentum at the beginning of May but experienced a decline in the middle of the month. The protocol witnessed a significant rise in transactions throughout most of June, only to see an over 88% drop by the month's end.
