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CAKE Token Supply Cut — Pancakeswap Community’s Decisive Vote Spurs Market Surge
29.12.2023
The Pancakeswap community has sanctioned a governance vote to eliminate 300 million CAKE tokens from the crypto asset’s total supply. Records indicate that a substantial 97.88% of community votes supported the reduction of 300 million CAKE, decreasing the total supply from 750 million to...
Judge Grants Summary Judgment for SEC in Landmark Crypto Case Against Terraform Labs
29.12.2023
In a definitive ruling, U.S. District Judge Jed Rakoff favored the Securities and Exchange Commission (SEC) in the multi-billion-dollar fraud case involving Terraform Labs and its founder, Do Kwon. Rakoff noted that the Howey test criteria were satisfied for a range of Terra-related assets...
CryptoQuant Report: ETF Approval Could Lead to “Sell the News” Price Action for Bitcoin
29.12.2023
Source: Adobe / Anna Coco The expected approval of a spot Bitcoin exchange-traded fund (ETF) in January might not translate into a price surge for the cryptocurrency, according to a note by blockchain data firm CryptoQuant. The note, which was shared with CoinDesk, suggested that the approval...
China Tightens Grip on Cryptocurrency Trading, Targets Use of Tether in Foreign Exchange
29.12.2023
Source: AdobeStock / Wit Chinese authorities have issued a stern directive for an enhanced crackdown on the use of cryptocurrencies, emphasizing their role in illegal foreign exchange trading as part of ongoing efforts to mitigate financial risks. In a joint statement released on Wednesday,...
Reports State at Least $1.7B Was Lost in Hacks and Exploits During 2023
29.12.2023
Several reports that have recently surfaced have revealed the extent of losses that crypto platforms and users faced during 2023 as a product of exploits and hacks. TRM Labs’ latest report states that the number ascended to $1.7 billion, while De.fi, another Web3 security firm, states that...
Low Exchange Supply Could Trigger a Bitcoin Bull Run; Cardano (ADA) and RebelSatoshi (RBLZ) Await Impressive Returns
29.12.2023
In the constantly evolving world of cryptocurrency, the buzz is all about the potential for a Bitcoin bull run, fueled by a low exchange supply. This anticipated surge is not just good news for Bitcoin enthusiasts but also for altcoin investors, particularly those eyeing Cardano (ADA) and...
Judge backs SEC on Terraform securities sales question
29.12.2023
Judge Jed Rakoff, who is looking into the SEC’s case against the ex-CEO Do Kwon of Terraform Labs, favors the regulatory body. As per the judgment, Kwon and Terraform carried out the sale of uncertified securities pertaining to LUNA and MIR tokens. The Securities and Exchange Commission pitched...
ARK files an updated Bitcoin ETF application
29.12.2023
ARK 21Shares has filed an updated Bitcoin ETF application. The development comes in the last concluding hours of the deadline by the SEC, December 29, 2023. The community speculates that more applications could be on the way to strengthen their chance of getting approval in the first wave....
Binance Reports 30% Surge in Users, Facilitates 18% More Trades in 2023, Emphasizes Compliance Strengthening
29.12.2023
Source: AdobeStock / prima91 Binance, the world’s largest cryptocurrency trading platform, has reported substantial growth in its user base, experiencing a 30% increase in users in 2023 while emphasizing its compliance with various regulations. According to its recently released year-end...
FIU IND blocks 9 crypto exchange URLs for non-compliance
29.12.2023
A total of 9 crypto exchange platforms have been served with a compliance Show Cause notice by the Financial Intelligence Unit India, also recognized as FIU IND. The names of these platforms are Binance, Kucoin, Kraken, Huobi, Gate.io, Bitstamp, Bittrex, Bitfinex, and MEXC Global. The said...
Court authorizes Celsius MiningCo transaction
29.12.2023
Celsius recently announced getting approval from the Court to integrate its MiningCo Transaction. The announcement was made on the official X/Twitter account of Celsius. The tweet read that Celsius can now move ahead with its plans. Besides this, the network attached a 36-page document covering...
Tether CEO Paolo Ardoino Celebrates USDT’s $91.5B Market Cap: ‘Tether Evolved’
29.12.2023
Tether CEO Paolo Ardoino made a retrospective about the company’s growth since its beginnings. In a post in X, Ardoino celebrated the current standing of the company, with its USDT stablecoin reaching a $91.5 billion market cap on several blockchains, $4 billion in excess reserves, and...
Blockchain Security Firm Says Pink Drainer Responsible for $4.4 Million LINK Exploit
29.12.2023
Source: AdobeStock / Tomasz Bidermann Cryptocurrency hacking group, Pink Drainer has been linked to the recent $4.4 million LINK user drain, increasing the number of their victims to 9,068 with a total of $18.7 million stolen. According to on-chain analytics firm Etherscan, another user has fallen...
Binance upgrades USD-Margined Futures Liquidity Provider Program
29.12.2023
Binance has begun scaling the USDC-margined futures liquidity provider program after providing the USDC-margined futures contract. This will take effect at the start of the next year. Users will need to meet certain requirements to connect with the program. USD-M futures contracts contain linear...
FTX Debtors Release Estimated Values for Cryptocurrency Claims, Bitcoin Priced at $16,871 per Coin
29.12.2023
Source: Adobe / Александр Поташев FTX Trading Ltd. affiliated debtors have submitted a motion for the entry of an order estimating the value of claims related to digital assets and fiat currency, including customer entitlement claims. In a filing made on December 27 in the United States Bankruptcy...
Bitcoin Price Prediction: BTC at $42,650, Is Downtrend Looming?
29.12.2023
  In the fluid world of cryptocurrency, Bitcoin (BTC/USD), the trailblazer of digital currencies, finds itself at a pivotal juncture. As of December 29, Bitcoin’s price hovers at $42,627, reflecting a 1.82% decline in the past 24 hours. This downturn brings Bitcoin’s market...
Catalyx Exchange Halts Operations Post Security Breach, Probing Potential Insider Involvement
29.12.2023
Source: Jason Hafso / Pexels Canadian cryptocurrency exchange Catalyx has temporarily suspended trading and withdrawals on its platform after discovering a security breach that it suspects may involve one of its employees. The exchange said it believes that this breach has resulted in the loss of...
To the moon or bust? The wacky ride of Dogecoin in 2023
29.12.2023
The cryptocurrency market has noticed Many surprising changes in the past year. Dogecoin has left a considerable mark, leaving many crypto enthusiasts wondering about its potential. It was first created as a joke by keeping the Shiba Inu dog’s image as its symbol inspired by the famous ‘Doge memes’...
Vitalik Buterin Blames Rising Transaction Fees for Web3’s Drift from Decentralization
29.12.2023
Source: ShutterStock In a recent blog post titled “Make Ethereum Cypherpunk Again,” Ethereum co-founder Vitalik Buterin expressed concerns about the veering trajectory of Web3 from its original vision. Buterin contends that the foundational principles of Web3 have gradually receded...
Ark Invest CEO Cathie Wood Expects Spot Bitcoin ETFs to Boost BTC Price ‘Significantly’
29.12.2023
Cathie Wood, CEO of Ark Investment Management, foresees widespread institutional involvement in spot bitcoin exchange-traded funds (ETFs) following anticipated approval by the U.S. Securities and Exchange Commission (SEC). “All we need is for the trillions of dollars in institutional assets...