November 2023

Binance Retains Leading Position Among Crypto Exchanges Despite DOJ Fiasco

Binance Retains Leading Position Among Crypto Exchanges Despite DOJ Fiasco

Leave a Comment / Binance, Retains /

TL;DR Despite recent troubles, including a $4.3 billion fine settlement with the US DOJ and a leadership change with CEO Changpeng Zhao resigning, Binance maintains its position as a leading cryptocurrency exchange with a market share of almost 50%. Binance’s market share briefly dropped to nearly 40% following these regulatory issues, but the exchange continues […]

Binance Retains Leading Position Among Crypto Exchanges Despite DOJ Fiasco Read More »

Velodrome and Aerodrome DEXs Face Frontend Attacks

Velodrome and Aerodrome DEXs Face Frontend Attacks

Leave a Comment / Aerodrome, Velodrome /

Velodrome, the second-largest DEX on the Optimism network, and its fork, Aerodrome, the leading DEX on Base, have reported a compromise in their respective frontend systems. Following the incident, both platforms urged users through their social media channels to refrain from interacting with their platforms for the time being. Velodrome and Aerodrome Urge Caution Amid

Velodrome and Aerodrome DEXs Face Frontend Attacks Read More »

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

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

Leave a Comment / Calls, Public /

The United States Securities and Exchange Commission (SEC) has outlined the next steps in evaluating the proposed Franklin Templeton and Hashdex spot Bitcoin exchange-traded fund (ETF) applications. Observers speculate that the SEC’s actions may set the groundwork for potential approvals of spot Bitcoin ETFs in early January 2024, following earlier delayed decisions on applications from

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

Canadians Are “Largely Opposed” To A CBDC, Says Bank Of Canada

Canadians Are “Largely Opposed” To A CBDC, Says Bank Of Canada

Leave a Comment / Canadians, “Largely /

Canadians are overwhelmingly opposed to their central bank researching and issuing a digital loonie, according to newly released survey results from the Bank of Canada. The report found that citizens and stakeholders are worried that the technology could violate their financial privacy, and wouldn’t be their payment method of choice compared to existing options. Why

Canadians Are “Largely Opposed” To A CBDC, Says Bank Of Canada Read More »

This Hasn’t Happened to Bitcoin (BTC) in Six Years

This Hasn’t Happened to Bitcoin (BTC) in Six Years

Leave a Comment / Happened, Hasn’t /

TL;DR Bitcoin (BTC) has risen above $38,000 as BTC’s supply on exchanges drops to 5.38%, the lowest since December 2017, amid declining trust in exchanges following events like FTX’s collapse and Binance’s legal troubles. The trend towards BTC self-custody is seen as bullish, contributing to Bitcoin’s significant rally of 130% since the year’s start. Analyst

This Hasn’t Happened to Bitcoin (BTC) in Six Years Read More »

FTX Granted Court Approval to Liquidate $744 Million Grayscale Trust Assets

FTX Granted Court Approval to Liquidate $744 Million Grayscale Trust Assets

Leave a Comment / Court, Granted /

Bankrupt cryptocurrency exchange FTX just has received approval from a bankruptcy court to sell its stakes in digital trusts managed by Grayscale Investments, according to a bankruptcy court document filed on Friday. This move is part of FTX’s strategic efforts to repay billions owed to creditors. The assets, valued at about $744 million last month, form a

FTX Granted Court Approval to Liquidate $744 Million Grayscale Trust Assets Read More »

South Korean Police Arrest 48 in ‘Crypto-powered Drug Trafficking’ Raids

South Korean Police Arrest 48 in ‘Crypto-powered Drug Trafficking’ Raids

Leave a Comment / Korean, South /

Source: Angelov/Adobe Police in the South Korean city of Daegu say they have raided a “drug trafficking organization” that used crypto as a payment tool – and arrested 48 people. Per Chosun Ilbo, the Daegu Police Agency’s metropolitan investigation unit arrested 44 people connected to a suspected “overseas drug sales organization.” The group of arrestees

South Korean Police Arrest 48 in ‘Crypto-powered Drug Trafficking’ Raids Read More »

SoFi to Exit Crypto Business Amid Increased Regulatory Scrutiny

SoFi to Exit Crypto Business Amid Increased Regulatory Scrutiny

Leave a Comment / Business, Crypto /

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

SoFi to Exit Crypto Business Amid Increased Regulatory Scrutiny Read More »

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

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

Leave a Comment / Crypto, November /

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

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

BlackRock Revises Bitcoin ETF Model To Appease SEC Concerns

BlackRock Revises Bitcoin ETF Model To Appease SEC Concerns

Leave a Comment / BlackRock, Revises /

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

BlackRock Revises Bitcoin ETF Model To Appease SEC Concerns Read More »

Scroll to Top