Author: Chris Smith
Crypto Market Grew by 110% in 2023: Report
Reading Time: < 1 minuteThe total value of digital currencies has increased by 110% or $870 billion since the beginning of 2023, with the fourth quarter seeing the largest increase at 55%.
Former Binance CEO Zhao Unable to Return to UAE
Reading Time: < 1 minuteA US federal judge in Seattle has ruled that Changpeng Zhao, the former CEO of Binance, is not allowed to return to his home in the United Arab Emirates until he is sentenced in February.
Phoenix Group Closes a $380M Deal with Miner MicroBT
Reading Time: < 1 minutePhoenix Group has announced a contract worth $380 million with MicroBT, the manufacturer of Whatsminer-branded Bitcoin mining devices.
Court Accepts Changpeng Zhao’s Admission to Violating US AML Laws
Reading Time: < 1 minuteA US District Judge in Seattle has acknowledged the guilty plea of former Binance CEO Changpeng Zhao (CZ) concerning charges linked to anti-money laundering violations.
Robinhood Unveils Crypto Trading Application in Europe
Reading Time: < 1 minuteRobinhood has revealed the introduction of its cryptocurrency trading app in the European Union.
The IRS Focuses on Crypto Tax Evasion
Reading Time: < 1 minuteIn just three years, the majority of cryptocurrency investigations have switched from money laundering to tax evasion.
Solana CEO Says Users Are Not Interested in its Saga Smartphone
Reading Time: < 1 minuteSolana co-founder Anatoly Yakovenko has discussed the need for a significant increase in user figures, from the current 2,200 to 25,000-50,000, in order to establish a solid user base for the Saga smartphones.
Circle Introduces Solutions to Prevent Fraudulent Activities on Blockchains
Reading Time: < 1 minuteCircle’s technology branch has recently introduced two new initiatives with the objective of tackling theft and fraudulent activities on blockchains.
KyberSwap to Give $48M in Compensation to Hack Victims
Reading Time: < 1 minuteThe team of decentralized exchange KyberSwap will be offering grants from their project funds to users who were affected by the $48.8 million hack in November.
Coinbase Shares Jumped 20% Last Month
Reading Time: < 1 minuteThe attractiveness of Coinbase in the stock market has increased, with the company’s shares rising by 21% in November
KyberSwap Hacker Demands Full Control Over Project
Reading Time: < 1 minuteThe individual responsible for the cyber attack on decentralized exchange KyberSwap demanded all project assets and documents to be transferred, including shares and tokens.
Circle Denies Ties with Justin Sun
Reading Time: < 1 minuteCircle, issuer of the USDC stablecoin, has rejected allegations that it engaged in illegal activities and had ties to Tron founder Justin Sun, the TRON Foundation, and HTX.
Canada Residents Are Against a CBDC
Reading Time: < 1 minuteThe majority of Canadians are against the development of a central bank digital currency (CBDC)
Binance Will Stop Supporting BUSD Next Month
Reading Time: < 1 minuteBinance has announced that it will no longer support any Binance USD (BUSD) products after December 15, due to Paxos halting the creation of new coins.
Animoca Brands Becomes TON’s Largest Validator
Reading Time: < 1 minuteAnimoca Brands has announced its strategic investment in The Open Network (TON) blockchain, making it the largest validator on the network.
Arthur Hayes: US Attitude Towards Changpeng Zhao and Binance is Absurd
Reading Time: < 1 minuteAccording to former BitMEX CEO Arthur Hayes, Binance’s large fines are indicative of a bias against the revolutionary potential of cryptocurrencies and blockchain technology.
KyberSwap Warns Against Fake Compensations
Reading Time: < 1 minuteThe team behind the decentralized exchange KyberSwap has warned users to be cautious of messages claiming to offer compensation after a recent hack.
Robert Kiyosaki Recommends Buying Gold and Bitcoin Due to Inflation
Reading Time: < 1 minuteRenowned author of Rich Dad Poor Dad and successful entrepreneur Robert Kiyosaki recently advised people to invest in gold, silver, and the first cryptocurrency.
Circle to Expand USDC Presence in Japan
Reading Time: < 1 minuteCircle has formed a strategic alliance with SBI Holdings to expand its presence in Japan.
Jim Cramer Recommends Buying BTC
Reading Time: < 1 minuteDuring the show Mad Money, host Jim Cramer advised viewers to simply buy BTC.
Grayscale Updates Spot Bitcoin ETF Filing with SEC
Reading Time: < 1 minuteGrayscale has recently updated its application to convert GBTC to an ETF.
Court Denies Sam Bankman-Fried’s Motion to Be Released
Reading Time: < 1 minuteThe latest request for release by Sam Bankman-Fried has been denied by the US Court of Appeals for the Second Circuit, leaving him in jail while his lawyers appeal his case.
Paradigm Takes Part in Funding Round of Web3 Infrastructure Startup Privy
Reading Time: < 1 minutePrivy, a startup dedicated to building blockchain tools, has completed a Series A fundraising round totaling $18 million, with Paradigm as the lead investor.
Crypto Exchange Bittrex Global Winds Down Operations
Reading Time: < 1 minuteBittrex Global will cease all operations and trading on December 4.
Crypto Exchange Bullish Acquires CoinDesk
Reading Time: < 1 minuteThe portal will be acquired by crypto exchange Bullish.
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