The market performance of Ethereum has experienced a steady and positive rise since October, indicating a promising trend that has continued over time. This upward momentum can be attributed to increased buying activity, which has fueled the demand for Ethereum and propelled its value beyond the $2,000 resistance mark. As a result, a sustained rally
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The latest proof of reserves report published by Binance has revealed a significant decline in its Bitcoin balance during November, coinciding with the regulatory issues faced by the exchange. This decrease in Bitcoin holdings not only impacted Binance’s overall balance but also had repercussions on other major cryptocurrencies as well. Withdrawal of Assets During Regulatory
The cryptocurrency exchange giant Binance has recently withdrawn its application for certain operations in Abu Dhabi. The Abu Dhabi Global Market (ADGM) regulator confirmed that the withdrawal took effect on November 7, 2023. This decision marks a significant shift in Binance’s strategy, as the company seemed to be focusing on expanding its presence in the
The price of Bitcoin has experienced a slowdown recently after an impressive week of surpassing critical resistance levels. Despite this, many experts believe that this rally is just getting started, and Bitcoin is poised to see further gains in the coming months. As of now, the cryptocurrency is trading at $43,300, reclaiming levels last seen
The cost of buying Bitcoin (BTC) has been skyrocketing, and it’s not just the price of the cryptocurrency itself that is reaching record highs. The cost of moving Bitcoin is also hitting new all-time highs. On-chain data reveals that the price for Bitcoin block space has surged to unprecedented levels in BTC terms, largely due
Versatus Labs, a peer-to-peer web service protocol, has recently secured $2.3 million in seed funding. This successful funding round brings their valuation to an impressive $50 million. With the backing of key investors such as NGC Ventures and Republic Crypto, Versatus aims to enhance the transition of Web2 developers into Web3 by developing their revolutionary
The UK Financial Conduct Authority (FCA) has recently announced that it has added Poloniex, a crypto exchange linked to Justin Sun, to its warning list of companies offering financial services without the necessary permissions. The FCA’s update on December 6th stated that Poloniex may be promoting financial services or products without authorization and advised individuals
As the cryptocurrency industry continues to evolve, it is becoming increasingly important to address the scalability issues that have plagued major blockchain networks. One such project that aims to tackle these challenges is Polygon, a leading Ethereum layer-2 scaling solution. Co-founder Jordi Baylina believes that 2024 will be a pivotal year for Polygon, as it
JPMorgan CEO Jamie Dimon has recently come under fire for his critical remarks about Bitcoin and cryptocurrency. Dimon claimed that the “only true use case” for Bitcoin is to facilitate crime such as money laundering and tax avoidance. However, many in the crypto community have been quick to point out the hypocrisy of his statements,
Welcome to the world of NFT games, where digital asset ownership and entertainment intertwine in a remarkable fashion. In this article, we will delve into the captivating realm of Parallel, an emerging star in the NFT gaming scene. With its seamless blend of technology, art, and gameplay, Parallel stands out as a sci-fi trading card
The location of Binance’s global headquarters has long been a matter of speculation and controversy. The newly appointed CEO, Richard Teng, recently declined to disclose the company’s global headquarters to the Financial Times, further fueling the debate surrounding the issue. This article aims to delve deeper into the controversy surrounding Binance’s headquarters, its ties to
Helium (HNT), the decentralized network that was launched in 2019, has been making waves in the cryptocurrency market with its significant gains. This surge in price is not an isolated event but is happening alongside the remarkable increase of Solana (SOL), another protocol built on Solana’s network, which has seen a 56% increase in the
Bitcoin (BTC) has recently soared to $44,000, reaching a value not seen in 19 months. However, this surge is not an indication of stagnation but rather a sign of significant changes in the crypto market. On-chain analysis reveals a more bullish outlook compared to previous periods, highlighting a potential shift in market dynamics. This article
Legislation introduced to New Jersey’s general assembly by Assemblyman Herb Conaway Jr. on November 30th raises concerns about the classification of cryptocurrencies sold to institutional investors. The proposed bill specifically categorizes virtual currencies issued and sold to institutional investors as securities, which may have far-reaching effects on the industry. This article aims to analyze the
The recent listing of EAGLE on Uniswap created a frenzy in the crypto market, as the meme token experienced an astonishing surge of over 2,000%. Investors were excited, hoping to ride the wave of this newfound opportunity. However, the initial euphoria quickly turned into disappointment as the price of EAGLE began to plummet rapidly, currently
In a surprising turn of events, a recent lawsuit filed by the Securities and Exchange Commission (SEC) against DEBT Box has taken a dramatic twist. The defendants, including DEBT Box itself, have moved to have the case dismissed after the court found that the SEC had misled the judge in order to secure a temporary
In an exciting new development, leading blockchain game developer Sky Mavis has entered into a strategic partnership with Foonie Magus. The collaboration aims to bring the highly anticipated game Apeiron to the Ronin blockchain network. Apeiron offers players a unique gaming experience by combining elements of rogue-lite card battles and god simulations. This partnership has
The behavior of whales in the cryptocurrency market has become a topic of great interest, as they play a significant role in shaping market trends and sentiments. Ki Young Ju, the co-founder and CEO of CryptoQuant, has shared valuable insights into the preparations of these whale investors for the anticipated market growth towards the end
In a recent YouTube video, a crypto analyst from the popular Crypto Capital Venture channel shared their thoughts on Bitcoin’s recent price rally. While acknowledging the impressive upward movement of Bitcoin in the past week, the analyst also emphasized the need for caution and a balanced perspective. The analyst drew attention to Bitcoin’s breakout past
The Palm Foundation, a nonprofit organization committed to fostering creativity on the Palm Network, has recently announced a significant grant opportunity for artists. Valued at $45,000, this grant will be shared among distinguished artists selected by the Patio curatorial committee to exhibit at the prestigious Patio by ZsONAMACO event. This outdoor exhibition is set to
Bitcoin (BTC), the world’s leading cryptocurrency, has recently surged to new heights, reaching a yearly high of $42,100. While this impressive price increase has caught the attention of market participants, concerns are arising about the possibility of a potential correction and subsequent liquidation sweep. In this article, we will analyze the current situation of Bitcoin
The DEX market has been experiencing a surge in explosive token moves recently, with numerous moon-shots gaining significant attention. One cryptocurrency that has caught the eye of experts is 10000x token, which has seen a staggering 100x increase in value over the past 24 hours. Despite its tumultuous run, plagued by high volatility and manipulation
In a recent announcement, Binance, one of the leading cryptocurrency exchanges globally, revealed its plans to expand free trading options for the spot and margin trading pairs of the First Digital USD (FDUSD) stablecoin. This move comes as part of Binance’s ongoing efforts to promote the use of FDUSD. The trading pairs that will benefit
Bitcoin (BTC) exchange-traded funds (ETFs) have garnered significant attention in the financial market, and the race for their approval in the United States is well underway. Hashdex, one of the 13 asset managers vying for the spot, is optimistic about the future. According to Hashdex’s U.S. and Europe head of product, Dramane Meite, a spot
Terraform Labs, currently embroiled in a securities lawsuit with the U.S. Securities and Exchange Commission (SEC), has made a bold move by requesting summary judgment to bring the case to a swift conclusion. The defense argues that the SEC misrepresented facts in a separate case against DEBT Box, bringing into question the regulatory body’s credibility.
The cryptocurrency market has been witnessing a significant surge in investor interest, with Bitcoin-related investment products emerging as the primary beneficiary. This surge comes amidst growing anticipation of the approval of a spot Bitcoin ETF in the United States. According to a report by CoinShares’ head of research James Butterfill, a staggering $1.76 billion in
Asset managers Bitwise and BlackRock have recently submitted updated filings to securities regulators for their respective spot Bitcoin exchange-traded funds (ETFs). These filings address concerns raised by the U.S. Securities and Exchange Commission (SEC) in recent discussions with ETF applicants. Bloomberg ETF analyst Eric Balchunas predicts a favorable outcome, with a 90% chance of approval