FTX disputes IRS claim of $24 billion, citing inflated amount and implausible tax obligation.

GameFi within crypto-based games is experiencing a noticeable downturn. A recent analysis by Coingecko revealed that as much as 75% of GameFi ventures have failed. The post Exploring the Decline of Crypto-Based Games in the GameFi Ecosystem appeared first on COINTURK NEWS.

According to the latest report shared by the Web3-focused bug bounty platform Immunefi, November saw the highest monthly crypto loss of the year 2023, with $343 million lost to hacks and scams. The losses experienced this month represent an increase of more than 15 times compared to October, which recorded approximately $22 million lost due to hacking attacks. The post November 2023: A Record Month for Crypto Losses Due to Hacks and Scams appeared first on COINTURK NEWS.

Shibarium, the Shiba Inu layer-2 solution, recently reached a new milestone in the past few days, crossing the 4 million total transaction threshold. The launch of Shibarium, Shiba Inu’s layer-2 solution, has been a huge catalyst for the meme coin. At the same time, SHIB’s burn rate has exploded in the last two days, as investors look to push the price of SHIB in a positive direction. Shibarium’s Rapid Growth, Burn Rate Skyrockets In just the past few months, over 4 million transactions have taken place on the Shibarium network. According to Shibariumscan, the total transaction count now stands at 4.27 million at the time of writing, with the total block count also at 1.87 million, steadily approaching 2 million. The platform saw its daily transactions soar last weekend, reaching as high as 43,690 on November 23. Related Reading: Crypto Analyst Who Sold The Bitcoin Top Reveals How To Buy And Sell At The Perfect Time This milestone seems to have rolled over to Shiba Inu’s token burning. According to data from Shibburn, Shiba Inu’s burn tracker, the burn rate has increased significantly this week. The last 24 hours have seen the token burns reach 82,887,109 SHIB, an increase of 913.89% from the previous day. SHIB tokens can be burned by any Shiba Inu investor by sending the tokens to any of the SHIB burn addresses. Apparently, most of the latest 24-hour figure came from one address, which incinerated 82.86 million SHIB tokens. The uptick in SHIB burns has been going on for a while now. The burn rate increased by almost 500,000% over the weekend with more than 264.20 million SHIB tokens sent to inactive addresses. What’s Next For Shiba Inu — Road To $0.00008? Shiba Inu burns are a way to create artificial scarcity for SHIB, driving up the price of the tokens in circulation. However, the price of SHIB hasn’t reacted to the recent burns and the Shibarium transaction milestone. Related Reading: XRP Price Prediction: Analyst Identifies 3 Key Factors That Will Trigger Parabolic Move Shiba inu is currently trading at $0.000008221 and is down by 1.62% in the past 24 hours. On the larger timeframe, the crypto is up by 13.68% from its October bottom of 0.000006. The fundamentals surrounding SHIB also point to a price rise in the coming months as support grows. With increasing utility, the creation of new tokens in the SHIB ecosystem, partnerships like the recent one with boxer Manny Pacquiao, and more widespread mainstream interest on the horizon, analysts see SHIB revisiting and possibly surpassing its former high of $0.000088. However, this would mean the Shiba Inu price would rise 902% from its current price. SHIB price trades in a tight range | Source: SHIBUSD on Tradingview.com Featured image from CryptoTicker, chart from Tradingview.com

In the ever-evolving cryptocurrency market, notable developments continue to take place. Web3 startup Bastion has publicly announced the appointment of former a16z and Kraken Chief of Staff Caroline Friedman as its new Chief Operating Officer. The post Web3 Startup Bastion Appoints New COO as It Shapes the Future of Digital Finance appeared first on COINTURK NEWS.

This is Microsoft’s largest investment in the area to date.

The non-fungible token (NFT) market has seen a remarkable upswing in recent weeks, characterized by a surge in prices and trading volumes.

On 28 November 2023, blockchain research and development company Flare Labs launched a test version of the FAssets system on … Continued The post Flare Labs launches test version of FAssets on Coston network appeared first on Finbold .

Despite a significant purchase of Bitcoin (BTC) by MicroStrategy, the price of Bitcoin fell to $37,500. This standard movement occurs even though it may seem absurd; the market tends to react with a drop when it becomes aware of the company’s purchase. The post Unexpected Bitcoin Drop Despite Half Billion Purchase by MicroStrategy appeared first on COINTURK NEWS.

Michael Saylor’s digital software giant bought 16,130 BTC, increasing the worth of the company’s total Bitcoin holdings to over $6 billion at current prices.

Investment platform, Robinhood, has plans to launch in the U.K. as early as the start of 2024, according to CEO Vlad Tenev. New features launching “The intention is, for the U.K. market, Robinhood to be the best place to invest in U.S. stocks and U.S. dollars, and we believe we can fulfill that need better The post Robinhood to Launch in U.K. in Early 2024 appeared first on Cryptonews .

Bitcoin hitting a new 2022 high around $38,400 provides momentum that could fuel altcoin gains if it continues climbing into year's end.

The government could use a number of different ways to track down crypto tax evaders, CoinDesk was told.

Alex Tapscott, author of the recently published book Web3: Charting the Internet’s Next Economic and Cultural Frontier, takes us through Web3 investment opportunities in today’s Advisors.

In a massive development for the decentralized finance (DeFi) industry, Talos, a leading technology provider for digital asset trading, has announced a landmark partnership with Uniswap Labs and Fireblocks. The collaboration is set to transform the DeFi landscape by introducing decentralized liquidity and onchain settlement for professional traders and institutions, marking a significant shift in ... Read more

The post Bitgert Price Skyrocketing: The Bull Run for Bitgert Has Started appeared first on Coinpedia Fintech News Bitgert indicates a strong rally with its performance last week and there might be a potential investment opportunity here. Bitgert is a decentralized platform that aims to provide a secure and transparent way of exchanging digital assets. It leverages blockchain technology and smart contracts to enable peer-to-peer transactions without intermediaries or fees. It supports various …

U.Today's daily news digest keeps you informed of the most important updates in the crypto industry

Speaking to Decrypt, Coinbase CEO Brian Armstrong made important statements about the SEC, Bitcoin (BTC) and cryptocurrencies. Continue Reading: Bitcoin Criticism from Coinbase CEO to SEC!

A memecoin that was minted 15 minutes after Charlie Munger's death soared by more than 31,000% before losing 98% of its value over the subsequent 24-hours.

“It’s business as usual,” Nansen wrote in evaluating Binance’s data.

The post Investors Shifting from XRP and Chainlink to Rebel Satoshi’s Promising Rebels Round 1! appeared first on Coinpedia Fintech News TLDR XRP gains 3% in a week, but is set to climb to $0.7000 by year’s end. Chainlink jumps 6% in seven days and is set to climb further in December. More investors flock to Rebel Satoshi after starting Rebel’s Round 1. The crypto market is struggling to hold gains after starting Q4 with bulls …

In a recent development, the Hong Kong Securities & Futures Professionals Association has proposed the creation of an Initial Coin Offering (ICO) portal. This suggestion was part of their comments on the city’s 2024-25 budget, aimed at Financial Secretary Paul Chan Mo-po and Deputy Financial Secretary Wong Wai-lun. Hong Kong Proposes Secure ICO Platform The The post Hong Kong Securities Body Proposes New ICO Portal appeared first on CoinGape .

Join us for a comprehensive analysis summarising November’s key developments, marking the culmination of this month’s insights through the lens of our ‘Chart of the Week’ series into the dynamics that influenced the digital asset market throughout the month. From the consistent market optimism across sectors to specific asset performance highlights including Solana’s growth, AI tokens surge, CME’s record high open interest and the market’s responses to Binance’s regulatory saga— see the distilled summary of November’s key moments in the digital asset industry below. Optimism Amidst Consistent Highs: AI & Infrastructure Tokens Lead the Charge — 09/11/2023 In this week’s Chart of the Week, we explore the ongoing optimism in the digital asset market, which has seen yearly highs consistently recorded across various sectors. Numerous asset baskets have maintained tight return profiles, indicating a robust overall market. Although correlations remain high, the AI category, which includes $AGIX and $FET, has dominated returns since the rally began, posting an aggregated 48.7% increase since October 1st. Following closely behind, Infrastructure tokens like LINK and FIL have contributed to an aggregated return of 44.8%, breaking multi-year ranges in the process. https://medium.com/media/76c8008b6e08738ec176168375a80704/href Solana’s Surge: Dominating Trading Volumes and Market Dominance — 14/11/2023 In this week’s Chart of the Week, Solana emerges as a standout performer among assets, delivering impressive returns over the course of this year. The asset’s market dominance by monthly trading volume has surged to an all-time high of 5.54% in November (as of the 13th). On November 11th, Solana accounted for 8.85% of all trading volumes on centralised exchanges, surpassing the previous all-time high of 8.66% recorded on September 9th, 2021. https://medium.com/media/c8f3c5899093e4691689f724dd2a4a96/href Binance Legal Saga: Market Reactions and Speculations on Resolution — 21/11/2023 In this week’s Chart of the Week, we examine the market’s reaction from yesterday when Bloomberg broke the news that the US is seeking more than $4 billion to settle its case against Binance. The exchange has been embroiled in legal challenges with the Commodity Futures Trading Commission (CFTC) and the Securities Exchange Commission (SEC) since March and June, respectively. Accusations include operating an illegal derivatives exchange and promoting non-compliant actions, such as using VPNs and offshore entities to evade geographical restrictions. Overall, this news initially led to a negative reaction before BNB bounced 15% in a matter of minutes as the market digested the possibility of a resolution to this overhang that has existed since Q1 of this year. More clarity for Binance is bullish for BNB and the market, as evidenced by the intraday performance captured by CCData. ‍The news casts a light at the end of the tunnel for Binance, with the potential for a full resolution in the coming months, despite the heavy charges. If the reports are accurate, it also removes a lot of uncertainty from the market, given that more severe actions against Binance could be detrimental to the industry. https://medium.com/media/66a8f5724dcf892c443ba8449b5bc4c0/href BTC Futures Soar: CME’s Record High Open Interest Signals Institutional Interest — 28/11/2023 In this week’s Chart of the Week, we observe how the open interest for BTC futures on CME rose by 20.9% to a yearly high of $4.11 billion in November. The exchange has now achieved the largest market share for open interest in BTC futures, surpassing Binance, which currently holds an open interest of $3.76 billion. The rise in open interest on the CME exchange highlights the increase in institutional interest in Bitcoin as the markets anticipate the potential approval of a spot Bitcoin ETF next year. https://medium.com/media/6309b053844f6959038d649f440138ec/href You can now find all of our charts and research reports at CCData.io Want to access the data used in this blog? Our data solutions provide crucial real-time information necessary for tracking market movements, complete with tick-level trade history across all covered instruments and markets, at the highest granularity provided by each exchange. Learn more about CCData’s market-leading data solutions below. CCData | Leading Digital Asset Data & Index Provider November “Charts of the Month” was originally published in CCData on Medium, where people are continuing the conversation by highlighting and responding to this story.

Due to its predictability, cryptocurrency investors often overlook Bitcoin (BTC) supply inflation. Understanding that predictable inflation still has economic effects … Continued The post Bitcoin would trade at this price if BTC hits its all-time high market cap appeared first on Finbold .

Binance Exchange has picked a December date to phase out its support for Binance USD (BUSD) stablecoin amid regulatory woes The post Binance to Delist BUSD Stablecoin by December 2023 appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

The prices of LUNA and USTC rose significantly over the last week. The Terra blockchain community witnessed updates as well. Luna Classic [LUNC], the native token of the Terra Classic bloc The post LUNC surges amidst plans to re-stabilize USTC appeared first on AMBCrypto.

Toronto, Canada, November 30th, 2023, Chainwire @NFT Account Makes Resounding Return to Instagram After 22-months, pioneering entrepreneur returns with mission to strengthen and advance the resurgent realm of NFTs and digital collectibles The @NFT account, social media’s largest web3 community, has announced its triumphant return to Instagram after a 22-month hiatus. The account, which boasts ... Read more

Source: Pixabay The number of Canadian cryptocurrency users has dropped in 2023 due to bear market fears and wider macroeconomic factors, a new survey shows. A Crypto Asset Survey published by the Ontario Securities Commission (OSC) was conducted to show consumer interaction with virtual assets, investment experience, major drivers, and key market determinants. According to The post Canadian Crypto Drive Slows in 2023, Users Cite Wider Market Factors appeared first on Cryptonews .

The Delaware District’s U.S. Bankruptcy Court has greenlit the FTX estate’s disposal of trust assets. This sanction, issued on November 29, 2023, paves the way for the beleaguered crypto exchange to offload investments in several funds, including Grayscale and Bitwise stakes. Furthermore, the FTX Trading Ltd. record, maintained by restructuring entity Kroll, is swamped with

We need to fight fake AI content using blockchain because otherwise “sh*t will get really weird, says Near founder Illia Polosukhin

In the ever-evolving landscape of cryptocurrency, intriguing partnerships often emerge, shaping the dynamics of blockchain governance. A recent and noteworthy example involves Polygon Labs, known for its innovative tech infrastructure, and DraftKings, a giant in sports betting. This partnership, however, harbors more than meets the eye. Polygon Labs, in a significant move, incorporated DraftKings to The post Unveiling Polygon’s Unconventional Partnership With DraftKings appeared first on CryptoCoin.News .

ADA's uptrend appears to be faltering, leaving over half of holders in the red.

Urgent warning comes in for Shiba Inu (SHIB) community

The Hong Kong Securities and Futures Professional Association has put forth a surprising proposition to revitalize Hong Kong’s economy. In a document released on November 29, the association’s president, Chen Zhihua, included a suggestion that Hong Kong consider launching an initial coin offering (ICO) mechanism. This proposal, among others, aims to stimulate economic growth and ... Read more

The British Broadcasting Corporation (BBC) has been criticized for publishing a biased and misleading article on bitcoin's water usage.

Expectation of U.S. approval of a spot bitcoin ETF has led to an increase in DeFi and NFT activity in recent months, the report said.

ProShares’ Bitcoin ETF (BITO) hits $1.47B, Showing rising interest among investors as they await U.S. approval for Bitcoin spot ETFs. There’s currently a high interest in Bitcoin among professional investors The post ProShares Bitcoin ETF Hits $1.47B Triggering Investors Interest In Bitcoin appeared first on BitcoinWorld .

Source: Pixabay A federal judge has accepted confidential materials from Jump Crypto Holdings in discovery as part of the Securities and Exchange Commission’s lawsuit against Terraform Labs. In a Nov. 28 filing in the U.S. District Court for the Southern District of New York, Judge Jed Rakoff sanctioned the confidential treatment of specific materials generated The post Jump Crypto Files Documents Confidentially in Terraform Labs Lawsuit appeared first on Cryptonews .

Though optimistic long-term, the analyst cautions listeners not to expect an immediate, unsustainable spike in XRP price even if the SEC case concludes positively.

Bluzelle is a decentralized data layer that enables secure, censorship-resistant, and highly scalable data management for dApps. What is Bluzelle (BLZ)? The post How to Buy Bluzelle Coin? appeared first on COINTURK NEWS.

ARK Invest, a cryptocurrency investment firm founded by Bitcoin advocate Cathie Wood, bought about $1.5 million of SoFi Technologies (SOFI) shares on Nov. 29, the day the latter announced its The post Cathie Wood’s ARK Bought $1.5M SOFI Shares As SoFi Exits Crypto appeared first on BitcoinWorld .

Bankrupt cryptocurrency trading platform FTX Derivatives Exchange has been granted permission to sell more assets The post Bankrupt Exchange FTX Granted Approval to Sell Trust Assets appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

Source: Pixabay Securities and Exchange Commission Chair Gary Gensler said he would not “pre-judge” the future of spot Bitcoin ETFs when asked if the SEC would take any action soon regarding the matter. Speaking at a conference hosted by the Healthy Markets Association on Wednesday, Gensler reiterated his position that Bitcoin is a commodity, while The post SEC Chair Gary Gensler Remains Tight-Lipped on Future of Spot Bitcoin ETFs appeared first on Cryptonews .

The post Top Altcoins To Watch In December: Prices Of Terra Luna Classic (LUNC), Dogecoin (DOGE), And Solana (SOL) In Bullish Mode appeared first on Coinpedia Fintech News Explore December's top altcoins including Terra Luna Classic (LUNC), Dogecoin (DOGE) and Solana (SOL) poised for bullish gains.

Which altcoins can keep rising until end of week?

Despite the high CBDC awareness, there is a low adoption of CBDC among Canadians. The majority prefer cash over digital currency. Crypto holders are more open to CBDCs in Canada. The post Canadians Are Reluctant To Embrace Digital Canadian Dollar appeared first on BitcoinWorld .

Alchemy Pay crypto payment platform is scaling up its payment options by adding new ways to buy crypto in Europe and the UK. Currently, Alchemy Pay has introduced new deposit The post Alchemy Pay Introduces New Ways To Buy Crypto In Europe And The UK appeared first on BitcoinWorld .

The firm reported it held 174,530 Bitcoin as of Nov. 29 — worth roughly $6.6 billion at a price of $37,726.

SEC acknowledges Ethereum exchange-traded fund filing from Fidelity, proposing a spot ETF holding ether if approved.

Credo Technology Group Holding Ltd has unveiled the Dove 850, a pioneering 800G Digital Signal Processor (DSP) Integrated Circuit (IC) optimized for Linear Receive Optics (LRO), also known as Half-retimed Linear Optics (HALO). Designed specifically for hyperscale data center AI deployments, the Dove 850 addresses the increasing demand for high-speed optical transceivers and Active Optical ... Read more