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It’s Morning in America for Crypto
16.11.2024
With a decisive electoral sweep of the presidency and Congress, Trump’s second term could mark a transformative era for bitcoin, crypto, and the broader blockchain industry. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get...
Hong Kong Exposes Crypto Firms Misrepresenting as Licensed Banks
16.11.2024
The Hong Kong Monetary Authority (HKMA) has issued a warning about the misuse of the term “bank” by overseas crypto firms operating in Hong Kong, cautioning the public to verify the legitimacy of such claims. The HKMA observed that two crypto firms, which are not licensed banks in Hong Kong...
Tourism Industry Veteran: Global Travel Lacks Standards, Blockchain the Missing Link
16.11.2024
A travel industry veteran believes blockchain technology can unify the global travel industry, standardize communication protocols and enhance transparency. Blockchain: The Missing Link Pablo Castillo, CEO and CTO of Travel4chain, argues that the global travel industry, which has remained largely...
Russia’s Massive Leap: Digital Financial Market Eyes Trillion-Ruble Milestone
16.11.2024
Russia’s issuance of digital financial assets could reach 10 trillion rubles (approximately $101.36 billion) by 2026, according to Sberbank Deputy Chairman Anatoly Popov. Speaking in Moscow, Popov noted that the current market volume for digital financial assets in Russia has already surpassed half...
Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice
16.11.2024
A Norwegian expert committee advising lawmakers has recommended no immediate need to adopt a central bank digital currency (CBDC). Despite the declining use of cash, which dropped to just 2% of transactions at physical points of sale during the pandemic, the committee emphasized cash’s importance...
Hive Announces Paraguayan Mining Site Construction Update, Hardware Revamp
16.11.2024
Hive Mining, a data center and crypto mining company, gave an update on the construction of a Paraguayan bitcoin mega mining site that will host 100MW of mining hardware. The company also revealed a purchase of nearly $20 million in mining ASICs to revamp its current equipment. Hive Doubles Down...
JPMorgan CEO Excluded From Trump’s Visionary Administration
16.11.2024
U.S. President-elect Donald Trump has announced that JPMorgan Chase CEO Jamie Dimon, a vocal crypto critic, will not be invited to join his administration. Trump wrote on his social media platform Truth Social on Thursday: “I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not...
Prosecutors Ease Off: Crypto Crimes Lose Spotlight in Manhattan
16.11.2024
The U.S. Attorney’s Office in Manhattan will scale back its focus on cryptocurrency crimes after securing high-profile convictions, including FTX founder Sam Bankman-Fried (SBF), according to Scott Hartman, co-chief of the securities and commodities task force at the Southern District of...
Breaking BRICS: Analyst Warns of Trump’s Bid to Weaken Global Alliance
16.11.2024
Trump’s foreign policy will target BRICS as its main adversary, aiming to disrupt the coalition and counter the influence of China and Russia, an analyst predicts. Analyst Sees the Battlefields of Trump’s Vision to Reshape Global Power At a roundtable held by the Expert Institute for Social...
Trump Appoints Former SEC Chair to a Role That Could Influence Crypto Oversight
16.11.2024
U.S. President-elect Donald Trump has appointed former SEC Chair Jay Clayton to a key role, drawing attention to his crypto regulatory legacy and enforcement record. Former SEC Chair Steps Into a Role That Could Redefine Legal Power U.S. President-elect Donald Trump has announced the nomination...
A Crypto Mixer’s Endgame: Helix Operator Sentenced With $400M Asset Forfeiture
16.11.2024
The DOJ has sentenced the operator of Helix, a cryptocurrency mixer, to prison and ordered the forfeiture of over $400 million in assets tied to money laundering. DOJ Ends Helix’s Reign: Operator Sentenced The U.S. Department of Justice (DOJ) announced Friday that Larry Dean Harmon, 41, of Akron...
Goldman Sachs’ Bold Bet: Bank Boosts Its Bitcoin ETF Stake to $710 Million
16.11.2024
The substantial increase in Goldman Sachs’ bitcoin ETF holdings demonstrates the growing interest of institutional investors in bitcoin. Institutional Investments in Bitcoin Keeps Rising The U.S. Securities and Exchange Commission’s (SEC) 13F report for Q3 ending Sept. 30 revealed that...
Solidion Technology Allocates 60% of Its Cash to Buying Bitcoin
15.11.2024
Solidion Technology follows other institutional investors such as Microstrategy by purchasing bitcoin with a plan for future acquisitions. Strategic Bitcoin Allocation for Solidion Treasury Solidion Technology, a provider of advanced battery materials, announced on Thursday that it had invested...
Below Summit Levels: Altcoins Dream of Peaks as Bitcoin Stays Close to Glory
15.11.2024
At 3:40 p.m. EDT on Friday, bitcoin (BTC) was priced at $91,046, reflecting a 2.4% dip from its all-time high (ATH). Here’s a breakdown of the remaining top ten cryptocurrencies and their current standing compared to their previous ATHs. Bitcoin Inches Toward the ATH Reached 2 Days...
FTX Targets Binance and CZ With $1.8 Billion Clawback
15.11.2024
Crypto mogul Changpeng Zhao—notoriously known as “CZ”—may be out of prison, but he’s not out of hot water yet. The bankruptcy estate of former-leviathan FTX has filed suit against Binance and its ex-CEO, CZ, seeking to recoup nearly $1.8 billion in allegedly...
Polymarket Turns Up the Heat: Millions Wagered on Paul vs. Tyson Bout
15.11.2024
This evening at 8 p.m. ET, AT&T Stadium in Arlington, Texas, will host an electrifying boxing showdown: Mike Tyson, the legendary heavyweight, squares off against Jake Paul, the social media star turned professional fighter. Earlier in the day, Polymarket bettors are already placing their bets...
Hashkey CEO: Trump’s Crypto Push Could Force China to Pivot
15.11.2024
Xiao Feng, CEO and Chairman of Hashkey, one of the few licensed crypto exchanges in Hong Kong, believes that Trump’s support for the cryptocurrency sector could accelerate a pivot from anti-crypto policies in China. Hashkey CEO: China Might Pivot Its Anti-Crypto Policies Following...
Meme Coins Take 2024 by Storm: Sector Explodes With $93 Billion Growth
15.11.2024
On Friday, the meme coin economy is down by 6.3% since yesterday with several of the top coins posting declines. Despite the drop, since the start of 2024, the meme coin sector has grown by $93.73 billion in value. Shocking Gains: Meme Coins Outpace Crypto Giants in 2024 Frenzy Meme coin assets...
QCP Sees Bitcoin Momentum Pushing Toward $120K Despite Market Hazards
15.11.2024
An analysis from QCP Capital highlights bitcoin’s latest breakout and future trends. QCP: Bitcoin’s Rally Tied to Inflation Data, Trump Policies, and Market Shifts Bitcoin (BTC) achieved a record high of $93.4K during the New York trading session, according to the market update from...
Holders Less Likely to Sell Low Cap Meme Coins Knowing Binance, Coinbase Listings Could Happen – Could PEPU, STARS List Next?
15.11.2024
As Binance welcomes obscure, lower-market-cap meme coins, the opportunity for everyday retail traders to make life-changing money is growing. Peanut the Squirrel and ACT I: The AI Prophecy were listed this week, but traders are now looking for what’s next, and Pepe Unchained and Crypto All-Stars...