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Showing posts from November, 2023

Michael Saylor’s Microstrategy Stock Price Reaches

Michael Saylor’s Microstrategy Stock Price Reaches Two-Year-High, Boosted by Bitcoin Holdings:   MicroStrategy, the enterprise business firm well-known for its optimistic stance on Bitcoin, witnessed a surge in its stock price, surpassing $500 on last friday

$400M Locked in Layer-2 Blast Four Days After Launching

$400M Locked in Layer-2 Blast Four Days After Launching, Lead Investor Paradigm Raises Concerns:  Interest in the Ethereum layer-2 network Blast, set to launch in February next year, has led to an influx of funds.

Crypto Exchange Bittrex Global Shuts

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Crypto Exchange Bittrex Global Shuts Down Operations:   Liechtenstein-based cryptocurrency exchange Bittrex Global has announced its intention to gradually cease operations, starting with the suspension of trading activities on December 4. Responder Reenviar

Marathon Digital Sees Shift in Bitcoin Mining Industry

Marathon Digital Sees Shift in Bitcoin Mining Industry Dynamics With Energy Producers, Renewable Energy:  According to Adam Swick, the chief growth officer at Marathon Digital, the Bitcoin mining industry has now entered a new phase.

Oracles Network Pyth Airdrops Over $79M

Oracles Network Pyth Airdrops Over $79M Worth of Tokens to Ecosystem Users:  Pyth Network (PYTH), a decentralized finance (DeFi) oracles network, launched its token airdrop, resulting in an initial market capitalization of $765 million for its PYTH token on Solana.

SEC Files Lawsuit Against Kraken for Commingling Funds

SEC Files Lawsuit Against Kraken for Commingling Funds and Operating as Unregistered Exchange:  The United States Securities and Exchange Commission (SEC) has taken legal action against Kraken, a cryptocurrency exchange.

Argentina Elects Bitcoin-Friendly President Javier Milei

Argentina Elects Bitcoin-Friendly President Javier Milei:  Bitcoin advocate Javier Milei won Argentina's presidential election on Sunday, promising to stabilize the economy and curb rampant inflation.

Fintech Startup Republic Crypto Chooses Avalanche for

Fintech Startup Republic Crypto Chooses Avalanche for Tokenized Revenue-Sharing Security:  Fintech startup Republic Crypto has announced its plans to launch a new tokenized security called R/Note on the Avalanche (AVAX) blockchain.

Recent Altcoin Rallies Driven by South Korean Traders:

  Recent Altcoin Rallies Driven by South Korean Traders:  The recent upsurge in prices of altcoins can be attributed to South Korean traders.

Three Men Charged with Laundering $10M

Three Men Charged with Laundering $10M in Cryptocurrency Face Potential Prison Sentence:  According to an announcement from the United States Attorney for the Southern District of New York, three individuals are facing accusations of laundering

Tether Expands into Bitcoin Mining With

Tether Expands into Bitcoin Mining With $500M Investment:  Tether, a company specializing in stablecoins, is preparing for a significant expansion into Bitcoin mining, with a planned investment of approximately $500 million over the next six months.

Hong Kong-Listed Crypto Exchange OSL's

Hong Kong-Listed Crypto Exchange OSL's Owner Secures $90.1M Investment:  Hong Kong-based BC Technology Group, the operator of the publicly listed cryptocurrency exchange OSL, has announced a significant investment.

Disney Partners With Dapper Labs To Launch NFT

Disney Partners With Dapper Labs To Launch NFT Platform Featuring Iconic Disney Characters:  Disney has entered into a partnership with blockchain and metaverse firm Dapper Labs to launch an NFT platform named Disney Pinnacle.

CBOE Will Launch Margin Futures Trading for Bitcoin

CBOE Will Launch Margin Futures Trading for Bitcoin and Ethereum in January 2024 :   Cboe Digital, a regulated crypto-native exchange and clearinghouse, has announced the launch date for Bitcoin (BTC) and Ethereum (ETH) margin futures trading to be on January 11, 2024.

JPMorgan Cautions Against Recent Crypto

JPMorgan Cautions Against Recent Crypto Market Rally Amid ETF Excitement :  JPMorgan has expressed skepticism regarding the recent robust rally in digital assets.

Ubisoft Partners With Immutable To Build

Ubisoft Partners With Immutable To Build Web3 Gaming Experience:  Ubisoft, the well-known publisher responsible for popular games such as Assassin's Creed and Rainbow Six Siege, is expanding its involvement in blockchain gaming through a partnership.

Senator Ted Budd Introduces "Keep Your Coins Act"

Senator Ted Budd Introduces "Keep Your Coins Act" to Preserve Crypto Self-Custody Rights:  Senator Ted Budd (R-NC) presented the "Keep Your Coins Act" in the Senate.

Australian Crypto Exchange CoinSpot Faces $2 Million

  Australian Crypto Exchange CoinSpot Faces $2 Million Fund Drain in Suspected Attack:  CoinSpot, an Australian cryptocurrency exchange, has apparently been the victim of a suspected attack, resulting in the loss of around $2 million in cryptocurrencies.

Robinhood Expanding Crypto Trading

Robinhood Expanding Crypto Trading Services to EU and UK Brokerage Operations:  A well-known trading app In the near future, Robinhood plans to expand its cryptocurrency trading services to the European Union (EU)

Wintermute Accuses NEAR Foundation

Wintermute Accuses NEAR Foundation of Failing to Honor $11 Million Stablecoin Redemption Commitment:  Wintermute, a cryptocurrency market maker, has accused the NEAR Foundation and Aurora of breaching an agreement to convert $11 million in USN stablecoins.

Visa Completes e-HKD Test With

Visa Completes e-HKD Test With Hong Kong’s Hang Seng Bank and HSBC:  Visa, together with HSBC and Hang Seng Bank, has completed the e-HKD pilot programme, a Hong Kong Monetary Authority central bank digital currency (CBDC) initiative.

PayPal Receives FCA Registration

PayPal Receives FCA Registration, Can Now Operate as a UK Crypto Service Provider:  PayPal has been registered as a cryptocurrency service provider with the UK's Financial Conduct Authority (FCA), allowing the company to offer crypto-related services to British users

Solana Rallies 20%

Solana Rallies 20%, Outperforming Other Large Caps:  Solana (SOL), an alternative layer-1 blockchain and Ethereum challenger, has experienced a remarkable surge, with its price reaching $46.30 and gaining over 21% at one point in the past day.

Elon Musk Calls Out NFTs’ Off-chain Storage

Elon Musk Calls Out NFTs’ Off-chain Storage, Saying “It’s Just a URL to the JPEG”:  Elon Musk has criticized non-fungible tokens (NFTs), claiming that many NFTs are not properly stored on the blockchain

US Fed Leaves Rates Unchanged

US Fed Leaves Rates Unchanged, Crypto Rallies:  The Federal Open Market Committee (FOMC) of the United States Federal Reserve has opted to keep its benchmark fed funds rate range at 5.25%-5.50%, as predicted by analysts

SafeMoon Executives Charged by SEC for Fraud

SafeMoon Executives Charged by SEC for Fraud and Money Laundering, Execs Arrested by DOJ:   The Securities and Exchange Commission (SEC) has filed civil charges against SafeMoon and its executives, while the DOJ has revealed an indictment against SafeMoon execs

Circle Will Phase Out Consumer Accounts

Circle Will Phase Out Consumer Accounts, Business and Institutional Account Still Available:  Circle, the stablecoin issuer, has told its customers via email that consumer or individual accounts will be closed on November 30