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November 30, 2023

Mining Bitcoin From Chinese Tombs, Crypto Tax, Japan Digital Settlement

The crypto space never ceases to amaze. Chinese police discover bitcoin mining rigs in tombs in an alleged effort to steal electricity. South Korea is

June 5, 2020 10:06 am

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Crypto Recap: Highlights from today’s events

In today’s rapidly evolving crypto world, several key events have made headlines, impacting the landscape of digital currencies and blockchain technology. From regulatory actions against a crypto mixer linked to North Korea to Binance’s operational status in the Philippines and a significant legal development involving Genesis and Digital Currency Group (DCG), the day has been ... Read more

cointelegraph

Research the dynamics of market manipulation before you jump in Bitcoin ETFs

Bitcoin ETFs could be subject to manipulation in the spot Bitcoin market. The SEC's chief concern is figuring out how to prevent manipulation induced by ETFs.

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Research the dynamics of market manipulation before you jump in Bitcoin ETFs

Bitcoin ETFs could be subject to manipulation in the spot Bitcoin market. The SEC's chief concern is figuring out how to prevent manipulation induced by ETFs.

cointelegraph

Over 75% of Web3 games ‘failed’ in last five years: CoinGecko

The “failed” blockchain games are those that have seen their 14-day moving average number of active users down more than 99% from its peak.

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Over 75% of Web3 games ‘failed’ in last five years: CoinGecko

The “failed” blockchain games are those that have seen their 14-day moving average number of active users down more than 99% from its peak.

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SoFi to Exit Crypto Business Amid Increased Regulatory Scrutiny

Source: Adobe / Goodpics SoFi Technologies Inc., a financial services company, has decided to exit the cryptocurrency sector due to increased scrutiny by banking regulators. On November 29, the company announced that it would terminate its cryptocurrency trading services for users by December 19. The company informed its crypto customers that they would need to The post SoFi to Exit Crypto Business Amid Increased Regulatory Scrutiny appeared first on Cryptonews .

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Bioniq Ordinals marketplace to alleviate Bitcoin network congestion with ICP integration

Bioniq, a new Bitcoin non-fungible token (NFT) marketplace, has set its sights on reducing network fees linked to Bitcoin Ordinals inscriptions.

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Bitcoin Decouples with XRP, BNB But Correlates With Dogecoin and Cardano

In the last two months, Bitcoin (BTC), the world’s most valuable cryptocurrency, has been increasingly decoupling from XRP, the native currency of the XRP Ledger (XRPL), and BNB, the coin priming the broader Binance ecosystem. While this pans out, Dogecoin (DOGE) and Cardano (ADA) remain mostly correlated with Bitcoin. XRP, BNB Decoupling From Bitcoin While rising de-correlation suggests that the market is maturing and becoming more sophisticated, secondary factors could make some of the top altcoins decouple and chart their courses away from the tight grasp of Bitcoin. Related Reading: XRP Community And Cardano Founder Engage In Heated Clash Sharing data from Kaiko, a blockchain analytics firm, @cryptobusy on X notes that the correlation between Bitcoin, XRP, and BNB has been contracting in the last two months. Meanwhile, BTC, Dogecoin, and Cardano prices have been moving in sync despite fundamental factors of each project impacting price action over this period. The drop in correlation indicates that altcoins are increasingly gaining more market share from Bitcoin. This drop in Bitcoin dominance happens especially whenever certain altcoins move independently and are not influenced by how Bitcoin trends. In most cases, like it has been the case in Q4 2023, a spike in Bitcoin prices triggers altcoin demand, lifting them as a result. Besides Cardano and Dogecoin, for instance, Solana (SOL) and Tron (TRX) are two altcoins that have been rallying and tracking Bitcoin. Additionally, the drop in correlation could mean the altcoin scene is maturing, and more investors are keen on picking out projects that offer more utility, not just BTC proxies. With more investors, altcoins tend to be more liquid, drawing even more capital. BNB, XRP, BTC Impacted By Fundamental Factors Even so, there could be more that explains the decoupling, especially with BNB and XRP. Seismic fundamental events have impacted BTC, XRP, and BNB ecosystems in the last two months. Related Reading: A Golden Opportunity For Ethereum? 600% Buy Signal Returns The United States Securities and Exchange Commission (SEC), for instance, is likely to approve multiple spot Bitcoin ETFs filed by several heavyweights, including BlackRock and Fidelity, in the coming weeks. Hopes of the regulator authorizing these derivatives tracking spot BTC prices have catalyzed demand, lifting the coin to new 2023 highs. Meanwhile, a United States court ruled in favor of XRP being a utility when sold to retailers. The case initially forced prices higher, but the coin tracked lower throughout late Q3 2023 and 2024, only steadying as BTC rallied. At the same time, BNB was negatively impacted by Changpeng Zhao, the founder of Binance, resigning in November 2023. The Department of Justice also fined Binance with a $4.3 billion penalty as a settlement. Feature image from Canva, chart from TradingView

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Binance set to phase out BUSD by next month

In a significant shift within the cryptocurrency market, Binance, a major player in the digital currency exchange sphere, has announced its decision to discontinue support for Binance USD (BUSD). This move, set to begin on December 15th, follows the announcement by Paxos to halt the minting of new BUSD coins. This development signals a pivotal ... Read more

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Masking the real story: Inflation’s complex journey for central banks

Inflation’s recent trajectory has sparked a standoff between central banks and the markets. On one side, central bankers are cautiously refraining from celebrating the slowdown in inflation across advanced economies, while on the other, investors are already betting on imminent rate cuts. This divergence in perspectives hinges on the future path of inflation, which remains ... Read more

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Estonian court blocks extradition of Hashflare founders to U.S.

The Tallinn Circuit Court in Estonia has overturned previous rulings that approved the extradition of Ivan Turogin and Sergei Potapenko, co-founders of the cryptocurrency mining service Hashflare, to the United States. This decision, announced on November 29, challenges the U.S. authorities’ efforts to prosecute the duo for their alleged involvement in a substantial fraud and ... Read more

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Binance Retains Leading Position Among Crypto Exchanges Despite DOJ Fiasco

Binance is still the undisputed leader with a market share of almost 50%.

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XRP Wallet Xumm Sees 45% Increase in Active Users as Holders Register for Upcoming Airdrop

Popular XRP wallet Xumm has recently seen a significant surge in the number of users behind it ahead of an upcoming token airdrop that will reward XRP token holders. The airdrop, is coming from layer-2 smart contract platform Evernode. According to available data, Xumm had 17,330 unique active users on November 26, with the figure

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U.S. banks in limbo with their quest for liquidity

The U.S. banking landscape is currently navigating a complex financial terrain, marked by a quest for liquidity amidst the Federal Reserve’s quantitative tightening (QT) measures. Contrary to the anticipated reduction in bank reserves due to the Fed’s QT, 2023 has seen a surprisingly stable level of reserves. This stability, initially perceived as a buffer for ... Read more

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SEC Chair Gensler Withholds Judgment on Spot Bitcoin ETF Approval!

This article delves into SEC Chair Gary Gensler's latest comments on the prospects of approving a spot bitcoin ETF, his views on the crypto industry, and the SEC's approach to overseeing crypto-related products. The post SEC Chair Gensler Withholds Judgment on Spot Bitcoin ETF Approval! appeared first on COINOTAG NEWS .

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Jack Dorsey’s new mission is to revolutionize Bitcoin mining

Jack Dorsey, widely recognized as the co-founder of Twitter (now X) and a vocal proponent of Bitcoin, is diving into a new venture aimed at transforming the world of Bitcoin mining. He has recently spearheaded a $6.2 million seed funding round for Mummolin, the parent company of Ocean – a pioneering Bitcoin mining pool. This ... Read more

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Bitcoin Nears Yearly High, Bolstered by Expectations of Imminent ETF Approval!

This article examines Bitcoin's current upward trend towards its yearly high, influenced by market optimism for the anticipated approval of Bitcoin ETFs by the SEC, and analyzes the potential impact on its price trajectory. The post Bitcoin Nears Yearly High, Bolstered by Expectations of Imminent ETF Approval! appeared first on COINOTAG NEWS .

cointelegraph

Can Sony and Microsoft bring blockchain to gaming consoles?

Sony and Microsoft are angling to get into crypto gaming. Will they be able to succeed where others in the industry have failed?

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Can Sony and Microsoft bring blockchain to gaming consoles?

Sony and Microsoft are angling to get into crypto gaming. Will they be able to succeed where others in the industry have failed?

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Grayscale’s ETF prep: Optimizing operations for Bitcoin fund

In a strategic move to stay ahead in the competitive cryptocurrency ETF run, Grayscale, the entity behind the Grayscale Bitcoin Trust (GBTC), has announced significant updates to its trust agreement. This marks the first major revision since 2018, with the primary goal of positioning GBTC for a successful transition into a spot bitcoin exchange-traded fund ... Read more

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Velodrome and Aerodrome DEXs Face Frontend Attacks

Velodrome and Aerodrome assure the security of Protocols funds and confirm unimpacted contracts.

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Understanding the Latest Cryptocurrency Market Dynamics and Future Predictions

We continue our journey that started with “Uptober” into a November rise; however, there is a definitive need for more. Only hours remain until the weekly close, and both bulls and bears will battle for a close in their favor. The post Understanding the Latest Cryptocurrency Market Dynamics and Future Predictions appeared first on COINTURK NEWS.

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Binance to Discontinue Binance USD Support, Shifts to First Digital USD!

This article details Binance's decision to cease support for its native stablecoin BUSD, including the transition to First Digital USD, and examines the implications for users and the wider crypto market. The post Binance to Discontinue Binance USD Support, Shifts to First Digital USD! appeared first on COINOTAG NEWS .

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Jack Dorsey Leads Funding Round in Move To Decentralize Bitcoin (BTC) Mining

Billionaire and Block co-founder Jack Dorsey is leading a new funding round that aims to decentralize the mining ecosystem of Bitcoin (BTC). According to a new press release, Dorsey has led a $6.2 million seed funding round to support the launch of Mummolin’s decentralized BTC mining protocol OCEAN. “Mummolin, Inc., announced today that it has The post Jack Dorsey Leads Funding Round in Move To Decentralize Bitcoin (BTC) Mining appeared first on The Daily Hodl .

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XRP Price Prediction: Analyst Identifies 3 Key Factors That Will Trigger Parabolic Move

The XRP price keeps being projected to enjoy a massive rally soon enough. Many have continued to speculate when this might happen. A crypto analyst has some answers, as he has highlighted three key indicators that could trigger this rally. Three Determinants For A “Parabolic Move” In a post shared on his X (formerly Twitter) platform, crypto analyst JD noted that XRP’s monthly was coming. He went on to state three things that “need” to happen if XRP is to see a massive rally. The first factor he highlighted was the Stochastic Relative Strength Index (SRSI). He stated that there has to be a bullish cross on the SRSI. Related Reading: MasterCard Coming To XRP? Prominent Developer Teases Major Upgrade The SRSI is a technical indicator that is generally used to forecast market trends. It measures the strengths and weaknesses of the relative strength indicator (RSI). It is from this RSI it also derives its value from. Source: X Still emphasizing the SRSI, JD stated that the second factor is that both SRSI lines must cross above 80. This level refers to an overbought condition in the XRP market. As such, it is unclear why JD considers it bullish, considering that traders usually see an overbought condition as a sell signal with an impending correction in mind. XRP Price To Breakout In 2025 For the third factor, JD alluded to an 8-year trendline break. In the accompanying chart that he shared, one could see that he was projecting XRP to break out in 2025 following 8 years of consolidation. In the chart, he also highlighted how XRP broke out in 2017 after a 4-year consolidation. Some analysts seem to be betting on XRP, enjoying a similar rally to the one that happened back in 2017. The crypto token is known to have seen a 61,000% gain in 280 days and crypto analyst CryptoInsightUK recently shared his thoughts on that happening. Without directly stating if a repeat could happen, he outlined several factors that put XRP in a better position than then. Related Reading: Institutional Investors Pour $346 Million Into Crypto – Here Are The Winners Another crypto analyst who has referred to the 2017 period in his projection is Egrag Crypto. He recently mentioned that $27 is a “plausible target” for XRP’s price with the 2017 surge in mind. He didn’t, however, mention when exactly XRP could attain such heights. More recently, Egrag stated that XRP is on the “brink of a bullish cross.” Many analysts continue to give their opinion on what price level XRP could hit, with some stating that XRP could rise to as high as $10,000. It remains to be seen how much of these bullish projections will be actualized. At the time of writing, XRP is trading at around $0.61, up over 1% in the last 24 hours, according to data from CoinMarketCap. Token price holds $0.61 | Source: XRPUSD on Tradingview.com Featured image from Xataka, chart from Tradingview.com

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Grayscale Revamps Trust Agreement, Paving Way for Spot Bitcoin ETF!

Exploring Grayscale's strategic modifications to the Grayscale Bitcoin Trust agreement, aimed at optimizing its structure in anticipation of launching a spot bitcoin ETF. The post Grayscale Revamps Trust Agreement, Paving Way for Spot Bitcoin ETF! appeared first on COINOTAG NEWS .

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FTX Secures Court Nod to Offload $744M in Crypto Trust Assets Amid Bankruptcy!

This article discusses the recent court approval granted to FTX for the sale of its substantial Grayscale and Bitwise trust assets, exploring the implications of this decision within the broader context of FTX's bankruptcy proceedings. The post FTX Secures Court Nod to Offload $744M in Crypto Trust Assets Amid Bankruptcy! appeared first on COINOTAG NEWS .

cointelegraph

Outrage ChatGPT won’t say slurs, Q* ‘breaks encryption’, 99% fake web: AI Eye

Elon Musk claims ChatGPT has been infected with “woke mind virus”, 4chan thinks OpenAI broke all encryption, and the web seems 99% AI fakes.

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Outrage ChatGPT won’t say slurs, Q* ‘breaks encryption’, 99% fake web: AI Eye

Elon Musk claims ChatGPT has been infected with “woke mind virus”, 4chan thinks OpenAI broke all encryption, and the web seems 99% AI fakes.

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Best Crypto to Buy Now November 29 – Stacks, THORChain, Celestia

Stacks, THORChain, and Celestia surge as investors look for the best crypto to buy now. Image by cryptonews.com. With a nearly 11% surge on yesterday’s close and a new 5-month high reached earlier today, the STX price has caught the market’s attention, establishing itself as one of the best crypto to buy now. While Stacks The post Best Crypto to Buy Now November 29 – Stacks, THORChain, Celestia appeared first on Cryptonews .

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U.S. Treasury sanctions Sinbad, a crypto mixer tied to North Korean hacks

The United States Treasury Department has imposed sanctions on Sinbad, a virtual currency mixer linked to laundering millions of dollars for the North Korea-based Lazarus Group. This action represents a robust response to the growing threat of cybercrimes involving cryptocurrencies. The crackdown on Sinbad: A response to cyber heists Sinbad, known for its role in ... Read more

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FTX Gets Court Approval to Sell $873M Worth of Grayscale, Bitwise Trust Assets

FTX held shares of five Grayscale Trusts totaling $691 million and one Bitwise trust, amounting to $53 million as of Oct. 25, according to an earlier court filing.

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Here's how Bitcoin mining can fight climate change

Texas, the global hub of Bitcoin mining, had the highest profit potential. The added revenue could be used to invest in renewable energy installations.Over the years, Bitcoin [BTC] mining The post Here's how Bitcoin mining can fight climate change appeared first on AMBCrypto.

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BNB’s Tech Roadmap for Opbnb Targets 10,000 Transactions per Second

In a six-month roadmap unveiled on Nov. 29, the BNB Chain development team said it is targeting 10,000 transactions per second and fees of $0.001 on the layer two (L2) solution Opbnb. Sometime between 2024’s second and third quarters, the objective will be to lower the gas limit per block increase from 100M to 200M.

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IOTA Rolls Out $100M Abu Dhabi Foundation, Targets Middle East

Source: Adobe/prima91 Open-source blockchain platform IOTA has unveiled its Abu Dhabi Foundation as part of its strategy to kickstart its Middle East expansion plans. IOTA is the first #DLT Foundation regulated with @ADGlobalMarket in #AbuDhabi 🇦🇪! The new #IOTA Foundation will be seeded with over $100 million in $IOTA tokens to support and accelerate the The post IOTA Rolls Out $100M Abu Dhabi Foundation, Targets Middle East appeared first on Cryptonews .

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The ‘Make It More’ ChatGPT Trend—And How to Play Along at Home

Pushing AI image generation to the limit. Then pushing some more.

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Bitcoin (BTC) Can Head Higher in 2024. Here’s Why

What a difference a year can make. Last year, Bitcoin (BTC-USD) lost nearly two-thirds of its value, and skeptics were ready to leave it for dead. ...

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BlackRock Revises Bitcoin ETF Model To Appease SEC Concerns

BlackRock Office BlackRock executives held another meeting with the Securities and Exchange Commission (SEC) on Tuesday to discuss the firm’s application to launch a Bitcoin (BTC) spot ETF in the United States. Based on publicly released notes from the meeting, the asset manager has modified its ETF blueprint to strike a compromise with the SEC The post BlackRock Revises Bitcoin ETF Model To Appease SEC Concerns appeared first on Cryptonews .

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Bankruptcy court says FTX debtors can start selling assets including Grayscale units

The FTX bankruptcy estate can start selling $744 million worth of shares in Grayscale and Bitwise funds, a court ruled.

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‪Charles Hoskinson Seeks Credit for Cardano’s Influence on Ethereum as Perceived Feud Intensifies

According to the founder of Cardano, the Ethereum blockchain network appears to be mirroring Cardano’s existing structure, as its co-founder attempts to restructure one of its most notable features.

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Bitcoin Eyes New Highs As Bloomberg Analyst Reiterates 90% Chance Of January ETF Approval

Bitcoin (BTC), the leading cryptocurrency, is currently in an upward accumulation phase, inching closer to surpassing its current yearly high of $38,390. This upward trend is further fueled by the anticipation surrounding the approval of Bitcoin spot exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). Bitcoin ETF Approval By January 10 In a recent post on X (formerly Twitter), Erich Balchunas, a Bloomberg ETF expert, shared his perspective on the probability of Bitcoin ETF approval. Balchunas maintains a 90% chance of SEC approval by January 10, which has remained consistent for months. Related Reading: A Golden Opportunity For Ethereum? 600% Buy Signal Returns Balchunas highlights that while debates over specific dates and timelines persist, the SEC and issuers are diligently working behind the scenes to make ETFs ready for this cycle, defying earlier skepticism. Balchunas stated: People asking me if we changed odds. No, we still holding line at 90% odds of approval by Jan 10 (aka this cycle), the same odds we’ve had for months (before it was cool/safe). What we watching for now: more amended/final filings to roll in and clarity on in-kind vs cash creates As predicted by many analysts, Bitcoin is poised for a potential breakout in the upcoming months, both before and after these investment products’ anticipated approval. As reported by NewsBTC, Bitcoin could surge to as high as $50,000 even before the halving event forecasted for April. In this context, Bitcoin must maintain its position above the key support level of $35,000. This mark serves as a threshold for future gains, both preceding and succeeding the approval of spot ETFs. Upholding this support level will be instrumental in determining Bitcoin’s prospects for continued growth and market performance. Next Resistance Level Holds Key To Surpassing All-Time High Renowned crypto analyst Crypto Con has shed light on the remarkable strength of the current Bitcoin cycle, drawing comparisons to the previous from 2019 to 2022. By examining key resistance levels and price movements, Crypto Con emphasizes the positive outlook for Bitcoin’s price trajectory and suggests that the current cycle is poised for success. Crypto Con highlights the prolonged weakness observed during the 2019-2022 Bitcoin cycle, characterized by Bitcoin’s struggle to surpass the initial Wave Trend resistance over a year. Related Reading: XRP Community And Cardano Founder Engage In Heated Clash In contrast, the current cycle has demonstrated impressive resilience, effortlessly breaking through this resistance level. Despite the substantial rise in Bitcoin’s price, Crypto Con points out that the cryptocurrency has yet to reach the next resistance level, called green zone 2, with a price target of $40,000. In a typical cycle, this milestone does not indicate the end of price action but rather marks the beginning of a more significant upward trajectory. Crypto Con further suggests that subsequent resistance levels, indicated by the color blue in the chart above, can drive Bitcoin’s price even higher, surpassing its previous all-time high. At the time of writing, BTC is trading at $37,700, down 0.7% over the past 24 hours, and it remains to be seen if a consolidation above $38,000 will occur. Featured image from Shutterstock, chart from TradingView.com

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Former SEC Chairman’s Controversial Remarks on Cryptocurrency Regulation

Cryptocurrency investors were eagerly anticipating the approval of a spot Bitcoin ETF, but no such news came in November. While the SEC’s enhanced communication is a positive development, recent statements have once again dampened spirits. The post Former SEC Chairman’s Controversial Remarks on Cryptocurrency Regulation appeared first on COINTURK NEWS.

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Stability AI in Turmoil, CEO Under Pressure as Possible Sale Looms

Stability AI, known for Stable Diffusion, is exploring a sale as controversy swirls around Emad Mostaque.

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SEC Chairman Gary Gensler Speaks About Cryptocurrencies and Bitcoin Spot ETF Approval!

SEC Chairman Gary Gensler spoke about Bitcoin Spot ETF and the general cryptocurrency industry at the conference he attended today. Continue Reading: SEC Chairman Gary Gensler Speaks About Cryptocurrencies and Bitcoin Spot ETF Approval!

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Binance Coin Price Prediction 2023-2032: Is BNB Ready for the Bull Run?

Binance Coin Price Prediction 2023-2032 Binance coin and the entire crypto market have seen little gains in the past few days, as prices have been consolidating in tight regions. BNB prices have dropped by 14.11% since touching $248.9 in August 2023. What does the future hold for Binance Coin? How much is BNB worth? The ... Read more

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CZ hires top Federal Prosecutor Mathew Diggs

Changpeng ‘CZ’ Zhao, the former CEO of Binance, has enlisted the legal expertise of Matthew Diggs, a renowned former federal prosecutor, to bolster his defense in a high-stakes legal battle. This development comes as CZ, currently on a $175 million personal recognizance bond, faces significant legal challenges, including a potential prison sentence of up to ... Read more

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Paxos expands global reach with key Abu Dhabi approvals

Paxos, a renowned player in the cryptocurrency space, has recently achieved significant milestones in its global expansion strategy, marking a new era in the digital assets market. With two in-principle approvals from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM), Paxos is poised to enhance its service offerings in the ... Read more

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SEC Calls for Public Input on Franklin Templeton and Hashdex Bitcoin ETFs

Commentators are specifically requested to provide their opinions on the vulnerability of the Bitcoin ETF to market manipulation.

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Ethereum network witnesses an exodus as validators exit - Why?

The Ethereum network has seen a surge in daily validator exit since the beginning of October. This may be due to the recent uptick in Ether’s value. Ethereum's [ETH] staking pool has exp The post Ethereum network witnesses an exodus as validators exit - Why? appeared first on AMBCrypto.

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Galaxy Digital CEO Mike Novogratz Discusses US Economy, Crypto Landscape, and 2024 Election Outlook

Economic Outlook and Market Trends Mike Novogratz, the founder and CEO of Galaxy Digital, shared his perspectives on the current economic climate and market trends during an interview with Sonali Basak on Bloomberg Television. Novogratz anticipates a significant economic slowdown in the first quarter of 2024, leading to the Federal Reserve cutting rates towards the

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Grayscale Gears Up for Spot Bitcoin ETF, Updating Trust Agreement for Sake of ‘Operational Efficiencies’

The changes involve the fee structure, and how assets can be custodies for smoother share creation and redemptions

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The Aftermath of FTX Collapse: Multimillion-Dollar Asset Sales Authorized

The 2022 crash in the cryptocurrency markets witnessed the downfall of many major brands. Terra, Celsius, Voyager, among others, have become history. The post The Aftermath of FTX Collapse: Multimillion-Dollar Asset Sales Authorized appeared first on COINTURK NEWS.

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Breaking: Pando Asset Joins Race for Spot Bitcoin ETF in US

Pando Asset AG is the latest asset management firm to join the race for spot Bitcoin ETF- Exchange Traded Fund in the United States. Pando Asset Officially Joins the Race The Swiss-based firm, which already offers crypto Exchange-Traded Products (ETPs) in Europe, filed a new application with the United States Securities and Exchange Commission (SEC) The post Breaking: Pando Asset Joins Race for Spot Bitcoin ETF in US appeared first on CoinGape .

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Bored People on the Internet Are Using AI to Animate Memes

Generative AI is bringing old memes to life, making them as funny (and creepy) as they can be.

cointelegraph

CME Bitcoin futures show investors betting on $40K BTC price

The Bitcoin futures annualized premium jumped to 34% on Nov. 28, leading analysts to speculate about an imminent spot BTC ETF approval.

cointelegraph

Binance will end support for BUSD stablecoin in December

Many users' Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31.

cointelegraph

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

cointelegraph

Estonian court nixes extradition of accused crypto scammers to US

Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions.

cointelegraph

US deputy treasury secretary calls for additional tools to sanction crypto firms

Wally Adeyemo cited a recent settlement with crypto exchange Binance and sanctions against crypto mixer Sinbad in calling for an expansion of the U.S. Treasury’s authority.

cointelegraph

Why is the crypto market down today?

The crypto market is down today as regulatory enforcement against the sector reaches a head and short-sellers jockey for the lead in liquidations.

cointelegraph

Square Enix auction dates, Azuki DAO rebrands to Bean: Nifty Newsletter

Game developer Square Enix announced the auction dates for NFTs of its upcoming blockchain game Symbiogenesis.

cointelegraph

Former British Chancellor’s crypto firm Copper launches tokenized securities platform

Copper plans to use its arm in the United Arab Emirates, Copper Securities, to capitalize on the demand of institutional investors.

cointelegraph

NFT sales and pricing driven by luck, scarcity and optimism, according to studies

Several new research studies indicate that personal experiences may be the NFT market’s primary mover.

cointelegraph

Price analysis 11/29: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

Bitcoin is struggling to sustain above $38,000, but the bulls have not given up much ground, which some analysts say increases the chance of a rally to $40,000.

cointelegraph

Bitcoin price fails $38.5K breakout as US GDP fuels Fed hard-landing woes

BTC price encounters classic resistance as sellers refuse to let Bitcoin crack through its November ceiling.

cointelegraph

BIS advises central banks to plan in advance for CBDC security

From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.

cointelegraph

Paxos receives in-principle approval to issue stablecoins in Abu Dhabi

The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin.

cointelegraph

Crypto Stories: Charlie Shrem tells how he became a Bitcoin millionaire

Shrem made a fortune off his Bitcoin payment service, BitInstant, but then went to prison for alleged money laundering.

cointelegraph

US Treasury sanctions crypto mixer Sinbad, alleging North Korea ties

The government department has previously imposed sanctions on crypto mixers Blender and Tornado Cash despite many in the space pushing back on actions against software tools.

cointelegraph

SoFi Technologies to cease crypto services by Dec. 19

“You can agree to have your account migrated to Blockchain.com or close your account instead,” the company wrote.

cointelegraph

Why JSON-LD matters for Web3

Web3 is confusing because it’s still in its formative stages. Nobody quite knows which inventions will shape it next.

cointelegraph

Wormhole raises $225M at $2.5B valuation

The protocol reached a total value locked of $3.8 billion at its peak.

cointelegraph

Real AI use cases in crypto, No. 3: Smart contract audits & cybersecurity

Experts say AI has huge potential in smart contract audits and crypto security in future. Unfortunately, ChatGPT sucks at it right now.

cointelegraph

Poloniex prepares to resume withdrawals after $100M hack

Poloniex says it will start resuming deposits on Nov. 30 with TRX, the cryptocurrency of Justin Sun’s Tron blockchain.

cointelegraph

Bitcoin NFT marketplace Bioniq eyes lofty goal of alleviating network congestion

Bioniq operates on the Internet Computer Protocol, tapping into native Bitcoin integration to ease the network congestion and high fees associated with Ordinals inscriptions.

cointelegraph

Iota launches $100M Abu Dhabi foundation for Middle East expansion

The Iota Ecosystem DLT Foundation is the first to receive approval from regulators in Abu Dhabi after its financial authority passed a new, related law earlier in the month.

cointelegraph

Huddle01 CEO explains why communications tech must be decentralized

Huddle01 CEO Ayush Ranjan tells The Agenda podcast why centralized communications technology is unreliable and requires a decentralized alternative.

cointelegraph

Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report

An unconfirmed report suggests Taurus will provide crypto custodial services to Spanish financial services giant Banco Santander.

cointelegraph

Jack Dorsey wants to decentralize Bitcoin mining with new investment

Ocean, which raised $6.2 million in a funding round led by Jack Dorsey, plans to enable miners to get block rewards directly from Bitcoin.

cointelegraph

How can NFTs transform daily life?

By now, hearing "NFT” in any context evokes some sort of reaction — good or bad.