Cardano co-founder Charles Hoskinson blasted U.S. regulators on Monday for labeling ADA and other cryptocurrencies as unregistered securities while giving bitcoin (BTC) a “complete pass” from the same level of scrutiny. According to the developer, Bitcoin could easily meet the legal criteria of an investment contract due to the “overly broad” nature of securities laws....Read More
With growing efforts to regulate the taxation of virtual assets around the world, Spain has introduced new laws requiring residents holding crypto assets on non-Spanish platforms to declare them by March 31, 2024. The Spanish Tax Administration Agency – Agencia Tributaria – unveiled form 721, a dedicated tax declaration form for virtual assets held abroad....Read More
Charlie Munger – vice chairman of American insurance giant Berkshire Hathaway – passed away in Los Angeles on Tuesday at the age of 99, according to a company announcement. The firm said that it was advised of Munger’s death by members of his family, who say he passed away peacefully on the morning of November...Read More
Electric Capital, a prominent venture capital firm, has warned about a sophisticated scam operation targeting potential investors. Avichal Garg, Co-Founder and General Partner of Electric Capital, revealed in a recent post the alarming tactics being employed by scammers. Electric Capital Exposes Sophisticated Crypto Scam According to Garg, the fraudsters are masquerading as representatives of Electric...Read More
After being robbed of $26 million in crypto earlier this month, trading firm Kronos Research is reaching out to their hacker to negotiate. The company has offered to drop all legal charges if the hacker returns 90% of the stolen funds, leaving him ~$2.5 million to keep. The Kronos Research Hack Kronos made its offer...Read More
Following his resignation as CEO of Binance, crypto billionaire Changpeng Zhao has now stepped down as the chairman of the board of directors at Binance.US – the exchange giant’s American arm. Binance.US confirmed CZ’s exit in a post to X on Tuesday, addressing various concerns related to the Justice Department’s historic settlement with its parent...Read More
The United States Securities and Exchange Commission (SEC) has remained persistent in its search for evidence that the world’s largest cryptocurrency exchange uses a backdoor to access user assets on its American arm, Binance.US. According to a report from the Wall Street Journal, attorneys for Binance.US in the exchange’s court battle with the SEC asked...Read More
Dogecoin (DOGE) is seeing a resurgence in its popularity, with its on-chain activity spurring up with activity after a period of relative lull. The number of addresses holding Dogecoin (DOGE) surpassed five million on November 27th, marking a significant milestone. According to data from on-chain analytics firm IntoTheBlock, this surge in adoption is accompanied by...Read More
A majority of Bitcoin holders are currently seeing positive returns on their investments, but they have refused to realize their gains. According to this week’s edition of the Bitfinex Alpha report, more than 83% of BTC supply is currently held at a profit. This is the most substantial percentage in profit since November 2021, when...Read More
Arthur Hayes, the founder of the BitMEX crypto exchange network, issued a statement expressing his perspective on the unfair treatment of Changpeng Zhao (CZ), the co-founder and former CEO of Binance, by American authorities. Hayes criticized the treatment, deeming it absurd and inconsistent, emphasizing that it only highlights the arbitrary nature of punishment. BitMEX Founder...Read More
Prominent blockchain analytics platform Nansen announced the launch of Nansen 2, which represents an upgrade to its tool suite. This latest version aims to reveal previously undisclosed insights, assisting blockchain innovators – particularly investors – in accessing data more efficiently. According to the official press release shared with CryptoPotato, Nansen 2 introduces significant improvements to...Read More
A United States district judge issued an order temporarily preventing former Binance CEO Changpeng Zhao from returning to the United Arab Emirates (UAE) before his sentencing in February 2024. Zhao previously pleaded guilty to charges relating to anti-money laundering violations. Judge Richard Jones of the U.S. District Court for the Western District of Washington at...Read More
SBI Holdings, Inc., a leading Tokyo-based financial services firm, has announced its strategic partnership with Circle Internet Financial, the USD Coin (USDC) issuer. This collaboration aims to increase the circulation of USDC and promote the use of Circle’s cutting-edge Web3 services in Japan while establishing a banking relationship. SBI and Circle’s Partnership This agreement, formalized...Read More
BC Technology Group, the parent company of Hong Kong’s publicly listed crypto exchange platform OSL, noted that Hong Kong regulators were swiftly approving cryptocurrency products after the scandal that rocked the digital asset exchange JPEX. Another fintech provider stated that the participation of banks in the virtual assets sector in Hong Kong will facilitate mass...Read More
An X user recently identified discrepancies in Binance’s BRC-20 ORDI balances caused by inconsistent indexing. On the UniSat indexer, Binance possesses 7.239 million ORDI, while the Ordiscan index reflects a holding of 2.293 million ORDI. This variance amounts to approximately five million. Discrepancies in BRC-20 ORDI Balances on Binance BRC-20 ORDI, an experimental token built...Read More
Paradigm, a leading crypto venture capital firm, openly criticized the marketing and execution strategy of Blast, a startup in which the former is a seed investor. Dan Robinson, Paradigm’s Head of Research, voiced his concerns over Blast’s approach, stating it sets a troubling precedent for other projects in the blockchain space. Dan Robinson’s Critique of...Read More
Binance’s new CEO, Richard Teng, has given an elaborate look into the next steps for the exchange and his vision for growth and innovation today. A track record of over six years marked by success and continuous growth showcases the CEO’s responsibility in leading a dedicated team, honoring the company’s legacy, and maintaining the trust...Read More
Decentralized exchange protocol KyberSwap announced that it had recovered $4.67 million in funds after a recent security attack that resulted in a staggering loss of nearly $50 million from its concentrated liquidity pools last week. The hacking incident targeted KyberSwap’s Elastic pools, affecting funds across various blockchains, including Arbitrum, Optimism, Ethereum, Polygon, Binance Smart Chain,...Read More
The Hamas terrorist organization has found a new cryptocurrency network to finance its attacks against Israel. The Iran-backed militant group has moved its activities from Bitcoin to Tron, a faster and cheaper blockchain. According to a Reuters report, interviews with financial crime experts and blockchain specialists revealed that more groups designated as terror organizations by...Read More
The increased bullish sentiment has led to an approximately 15% increase in the price of Ether within a 30-day period. The fact that Ethereum is now trading above $2,000 suggests a growing focus on the asset, and this renewed optimism has propelled the year-to-date gain in ETH price to almost 70%. New data suggest a...Read More
XRP whales appear to be increasingly bullish on the crypto asset despite an underwhelming performance.The latest data by crypto analyst Ali Martinez shows a significant accumulation phase brewing for XRP. On-chain data by Santiment reveals that over the past week, these whales have acquired approximately 11 million XRP, equivalent to $6.82 million. This development unfolded...Read More
Inferno Drainer, one of the most widely used wallet-draining services in recent memory, has announced that it will be ceasing operations effective immediately. Over $70 Million Stolen While Active Earlier this spring, the first mentions of the Inferno drainer – a service that “helped” bad actors steal funds out of other wallets in exchange for...Read More
On Nov. 26, Jae Kwon posted an update on the forking of Cosmos Hub to create a new chain called AtomOne. There has been significant disagreement in the Cosmos community over issues like tokenomics, funding, and the Hub’s core purpose. Moreover, the discussion follows the passing of proposal #848, which reduces ATOM’s inflation rate from...Read More
The renowned Spanish football club Atletico Madrid is reportedly gearing up to take legal action against WhaleFin, a Singapore-based cryptocurrency exchange. The dispute centers around a breach of contract involving unpaid sponsorship fees amounting to €40 million ($44 million). Atletico Madrid Seeks $21 Million in Damages in Lawsuit Atletico Madrid, the esteemed Spanish football club,...Read More
South Korean law enforcement revealed that hackers from the Democratic People’s Republic of Korea (DPRK), also known as North Korea, impersonated government agencies and journalists in South Korea to steal crypto. The hackers were said to employ email phishing techniques to carry out the dubious act on unsuspecting victims. DPRK Hackers Reportedly Focused on Stealing...Read More
After a meteoric rise from $26,750 on Oct. 12 to close the month at $34,667 on Oct. 31, Bitcoin price (BTC) is still rising in November. BTC pumped from the $36,500 handle to multi-day support at $37,400 the day Grayscale Investments met with the SEC over its Bitcoin ETF application. But its gains have seen...Read More
A fundamental aspect of Bitcoin’s appeal lies in its status as a form of currency resistant to censorship and immune to arbitrary regulations. The principle is that anyone with the means to cover network fees should be able to engage in transactions without requiring permission. However, a new report suggests that a major Bitcoin mining...Read More
The e-commerce industry is a powerhouse in today’s marketplace, using technology to meet the changing demands of consumers seamlessly. At its core, the success of e-commerce is intricately tied to the harnessing of vast data sets, a phenomenon commonly known as Big Data. In today’s ever-changing environment, Big Data is crucial, guiding businesses to comprehend...Read More
Investors stateside in both the cryptocurrency and traditional finance worlds are eagerly awaiting a Bitcoin ETF product in the U.S. But those in Europe looking for an XRP exchange-traded product will have one next month. Europe Gets an XRP ETP in December DeFi Technologies, Inc. announced last week it will debut a new Ripple XRP...Read More
Binance is the largest crypto exchange in the world by volume. The company just recently turned six years old earlier this year. In addition to Zhao stepping down as CEO, Binance agreed to settle DOJ charges of money laundering with a $4.3 billion fine. Furthermore, the exchange saw over $1 billion in outflows in under...Read More
