The former president of the New York Stock Exchange (NYSE) is bullish on a Bitcoin ETF, claiming that money will “flood into the industry” when such a product is approved in the United States. Now serving as CEO of crypto trading platform Bullish, Tom Farley argued on Tuesday that Bitcoin is a legitimate “store of...Read More
Richard Teng, the new CEO of the world’s largest cryptocurrency exchange, Binance, is no stranger to the world of finance. His ascent into the new position substantiates rumors that made the rounds earlier this year about him being the right fit for the job amid Binance’s regulatory woes. According to a company blog post, Teng...Read More
The volume of Bitcoin supply in profit has reached the levels last seen two years ago as the market came off its November 2021 all-time high, according to Glassnode. In its ‘Week on Chain’ report released this week, the analytics provider added that the magnitude of unrealized profit held within these coins remains modest. The...Read More
Cardano’s ADA has been on the watchlist of investors and analysts, many of whom believe the coin is set for a massive bullish rally even despite recent market corrections. Despite the price decline over the weekend, ADA has recorded roughly 50% gains in the last 30 days. Analysts are now closely watching key resistance levels...Read More
Users of Bitcoin’s blockchain payments network have seen transaction fees explode since October. Meanwhile, the oldest cryptocurrency’s main rival, Ethereum, is also seeing sky-high fees. According to blockchain data service CryptoRank from earlier this week, ETH gas fees across the network averaged $20 to bridge assets, $60 to make a token swap and $110 to...Read More
Mt. Gox intends to initiate cash repayments to creditors soon, almost a decade after it ceased operations. In an email to its creditors today, the defunct Bitcoin exchange revealed that the rehabilitation trustee is actively working towards commencing cash repayments in the course of the 2023 calendar year. Due to the substantial number of rehabilitation...Read More
Amid reports of nearly a billion dollars worth of crypto assets getting withdrawn from Binance, the company’s new Chief Executive Officer – Richard Teng – took it to X to reassure the user base that the firm’s fundamentals are “VERY strong.” His comments were in response to a tweet suggesting Binance managed to pay the...Read More
Bittrex Global, a leading regulated cryptocurrency exchange based in the UK, recently announced that it will cease all trading activity by December 4, 2023. The decision comes as the latest development in a turbulent journey for the exchange, which filed for bankruptcy protection earlier this year. Bittrex Global to Shut Down Operations by December Bittrex...Read More
The global division of Spanish financial institution Banco Santander – Santander Private Banking International – has reportedly introduced a new feature that enables customers with Swiss accounts to engage in the investment and trading of Bitcoin (BTC) and Ethereum (ETH). Given Banco Santander’s extensive history of more than 160 years and its broad customer base...Read More
Libra creator David Marcus has put forth a compelling argument asserting that the Lightning Network is the singular solution to scale Bitcoin effectively. Marcus, a prominent figure in the cryptocurrency space, contends that alternative blockchain products either exhibit excessive centralization or lack the necessary security measures. Marcus Advocates for Lightning Network In a post on...Read More
The U.S. Department of Justice has settled charges against crypto exchange giant Binance for $4.3 billion, bringing investigations spanning back to 2018 to a close. The DOJ confirmed the settlement in a live video announcement on Tuesday, marking one of the largest enforcement actions ever closed in a crypto-related case. The company pled guilty to...Read More
Binance founder Changpeng Zhao (CZ) will plead guilty to floundering anti-money laundering (AML) provisions as part of a settlement deal with the U.S. Department of Justice (DOJ), according to a Tuesday report from the Wall Street Journal (WSJ). He has also agreed to step down as CEO of his exchange and pay a $50 million...Read More
Celsius, a cryptocurrency lending platform, has revealed its intention to transform into a new entity with an exclusive emphasis on Bitcoin mining. This change, disclosed in a recent court filing, represents a departure from its initial reorganization strategy, including a focus on staking. Celsius Moves Towards Mining-Exclusive Entity Following feedback from the U.S. Securities and...Read More
Mauricio Di Bartolomeo, co-founder of Ledn Inc., a company specializing in Bitcoin lending services, shares his journey that was affected by his experiences in Venezuela’s economic turmoil, which shaped his understanding of financial independence and the role of BTC in achieving it. Di Bartolomeo’s experience in Venezuela, where he witnessed the collapse of the country’s...Read More
In the crypto world, overnight millionaires are not a myth but a reality. And one trader has turned a mere $98 into a staggering $1.1 million in 91 days. However, this isn’t a story of luck; it’s a narrative woven with strategic brilliance and market insight that propelled the trader into the crypto millionaire club....Read More
Jesse Powell, the co-founder of the cryptocurrency exchange Kraken, has slammed the United States Securities and Exchange Commission (SEC) over the agency’s latest legal move. In a tweet, Powell referred to the SEC as “USA’s top decel,” stating that the regulator has returned with another assault on America. Kraken Co-Founder Slams US SEC Powell’s comments...Read More
On Nov. 21, Weiss Crypto reported that it had upgraded Chainlink to an “A-” rating. This has propelled the Oracle network token to second place after Bitcoin. Furthermore, it is the only other A-rated crypto asset aside from BTC. Weiss noted that its rating algorithm takes into account a series of factors such as “historical...Read More
Apple has been accused of non-competitive practices regarding payment methods used on their devices several times in the past. The most notable example of the Cupertino electronics manufacturer being taken to task for these practices would be the landmark case vs. Epic Games, who eventually won the right to inform users of their app of...Read More
Bitcoin (BTC) has entered a consolidation phase, where uncertainty and fears abound about its price declining further. According to the latest edition of the Bitfinex Alpha report, BTC is hovering around the $37,000 price range with signs of diminishing momentum and positive funding rates on futures contracts, a metric historically associated with market declines. Besides...Read More
The U.S. Securities and Exchange Commission (SEC) filed a 90-page lawsuit against cryptocurrency exchange Kraken on Monday, re-centering the firm among a handful of crypto giants in the agency’s legal crosshairs. The lawsuit accuses Kraken of a slew of securities law violations, and of commingling customer funds with corporate assets in ways that could risk...Read More
On the 17th of November, an unknown individual who may have been working as part of a team targeted the dYdX exchange and its YFI token. Allegedly, the same actor had previously tried a similar strategy on the exchange’s SUSHI market merely 2 weeks prior. Good Trades Or Malicious Intent? These trades, which the platform’s...Read More
Digital asset investment products experienced a cumulative inflow of $176 million in the past week, marking the eighth consecutive week of positive weekly inflows. The share of total cryptocurrency volumes held by Exchange-Traded Products (ETPs) is on the rise, averaging 11%, significantly surpassing the long-term historical average of 3.4%. The latest data suggest that this...Read More
The U.S. Department of Justice (DOJ) has requested that crypto exchange giant Binance pay $4 billion as a resolution to its lengthy investigation of the company. Such negotiations include the possibility that Binance CEO Changpeng Zhao (CZ) is charged with crimes possibly including money laundering, bank fraud, and sanctions violations. According to Bloomberg, an announcement...Read More
Javier Milei, a far-right libertarian, has emerged as the winner in Argentina’s presidential run-off election. Milei’s victory is crucial amidst Argentina’s ongoing inflation crisis. Notably, he is known for advocating the use of Bitcoin and has proposed replacing the Argentinian Peso with the U.S. dollar to respond to the current economic situation. Milei Wins Argentina...Read More
Bitcoin (BTC)’s price will reach $150,000 by 2025 thanks to the upcoming “halving” and spot ETF approvals, wrote Bernstein in a Monday report. Analysts for the $691 billion asset manager’s crypto unit have modeled the asset’s future price based on its marginal production cost for miners, which they argue “acts as the price floor for...Read More
The options trading market for cryptocurrencies has witnessed a significant surge, illustrated by the impressive achievement of $15 billion in Bitcoin (BTC) options on Deribit last week. Deribit has firmly established its dominance in the BTC options arena, commanding an impressive 87% market share. This surge, which signifies a significant increase since late September, indicates...Read More
The cryptocurrency market is witnessing a sustained influx of investments, with major assets like Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and Ripple’s XRP experiencing significant inflows for the eighth week in a row. A new report highlights this trend, noting a remarkable $176 million inflow into crypto asset investment products. Exploring the Inflows...Read More
Tether, the world’s largest stablecoin issuer, froze $225 million worth of its dollar-pegged USDT tokens connected to a global “pig butchering” romance scam, the company announced on Monday. The freeze marks the largest in the company’s history, and applied to otherwise “external self-custodied wallets.” The action followed a joint investigation with crypto exchange OKX done...Read More
According to the data compiled by Bitinfocharts, Bitcoin’s hash rate reached a new all-time high yet again, climbing 547.79 Ehash/sec on November 19th. It broke the previous record of 526.71 established earlier this month. The latest jump represents over 169% increase since the beginning of the year from 203.58 Ehash/sec. Data suggests that the average...Read More
The tech world was taken by storm throughout the past few days with the news of the board of directors of OpenAI ousting Sam Altman – the co-founder and CEO of the company, from his position. The news came on Friday, and Mira Murati – the firm’s chief technology officer – was supposed to assume...Read More
