In an effort to tackle electricity shortages, Russian officials disclosed plans to suspend cryptocurrency mining in several regions this winter. The ban will impact the Irkutsk region, portions of Buryatia, the Zabaikalsky region in Siberia, and six North Caucasus areas, including Chechnya and Dagestan. Mining will also be prohibited in the Russian-controlled Ukrainian regions of...Read More
The Trump transition team is considering pro-crypto lawyer Teresa Goody Guillén as a potential SEC chair candidate, according to reports. Guillén is currently a partner at BakerHostetler and co-lead of its blockchain team. Last week, Gary Gensler released a statement that suggested he was leaving the agency, and the debate over his replacement has heated...Read More
After listing a major meme coin, Coinbase, the United States’ largest cryptocurrency exchange, is set to add support for Floki (FLOKI) on the Ethereum network. This follows the recent listings of Ethereum’s Pepe (PEPE) and Solana’s Dogwifhat (WIF). The major question is whether FLOKI’s listing on Coinbase will propel its price in the coming days....Read More
Wrapped Bitcoin’s (wBTC) team has expressed surprise and disappointment at Coinbase’s decision to delist the token. In a statement shared on X, it urged the crypto exchange giant to reconsider this decision and continue supporting the trading of the token. The team said the token has positioned itself as a decentralized and transparent wrapped BTC...Read More
Leading decentralized finance (DeFi) protocol Aave has achieved a remarkable milestone, hitting $10 billion in active loans. It marks a 300% rise in lending activity from the start of the year when the figure stood at $3.4 billion. DeFi Renaissance Data from the on-chain DeFi tracking platform Token Terminal shows that in the last 30...Read More
[PRESS RELEASE – Mahe, Seychelles, November 20th, 2024] BitMEX Marks 10 Years of Crypto Derivatives Trading with a Strong Security Track Record BitMEX, one of the longest-standing crypto derivatives exchange, is marking a major milestone: 10 years of business operations with an unmatched record of zero customer fund losses from intrusions or hacks, while maintaining its...Read More
Cardano (ADA) has experienced a remarkable rally this month, mirroring and even surpassing the broader crypto market’s momentum. Following months of subdued performance, ADA’s on-chain activity has surged as well, as it decoupled from the altcoin pack. On-Chain Metrics Show Significant Growth According to data from popular on-chain analytic platform Santiment, the ADA transaction volume...Read More
Solana’s so-called “social layer,” Bonk (BONK), has jumped back into the spotlight after a week of record-breaking performance. On November 20, the popular token reached $0.000057, marking a new all-time high (ATH) after weeks of consistent growth. In the process, it overtook its rival dogwifhat (WIF) to regain its position as the leading meme coin...Read More
After a week-long consolidation with a few corrections below $90,000, bitcoin’s bull run resumed yesterday, and the asset charted a fresh peak of just over $94,000. On-chain and social data indicated that the asset’s rally could be far from over, and the question arises of whether it has the legs to go to the coveted...Read More
Just under a whopping 9,000 BTC was accumulated by spot Bitcoin ETFs in the United States on Tuesday, Nov. 19. This equates to around $814 million in total aggregate inflows across the eleven funds, according to Coinglass. Around 450 BTC are mined daily, which means that a huge supply shock is imminent if institutional funds...Read More
Binance’s token BFUSD has already sparked speculation even before its launch. It all started with Binance’s introduction of the new asset on Monday which offers 19.55% APY, positioning itself as an alternative to conventional stablecoins. Not a Stablecoin, But a Reward-Bearing Asset According to the website, users can earn daily rewards simply by holding BFUSD...Read More
