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Openai Shakeup: Sam Altman Out as CEO, Worldcoin’s WLD Plunges
18.11.2023
Following the announcement by Openai, a firm dedicated to artificial intelligence (AI), that Sam Altman is stepping down, Worldcoin, a crypto venture backed by Altman, experienced a 13.5% decline in its native asset WLD compared to the U.S. dollar. Openai, in an open letter addressed to the public...
IMF Chief Says Central Bank Digital Currencies Can Replace Cash — Urges Public Sector to Prepare for CBDC Deployment
18.11.2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says central bank digital currencies (CBDCs) can replace cash. She has urged the public sector to “keep preparing to deploy CBDCs and related payment platforms,” emphasizing that these platforms “should...
Report: US Crypto Exchange Coinbase Fined for Refusing to Localize Russian Users’ Data
18.11.2023
The U.S. cryptocurrency exchange Coinbase was recently hit with a fine exceeding $11,000 by a Russian court. The fine stems from the crypto exchange’s refusal to comply with a law that requires foreign companies to localize data of their respective Russian users or customers. Localizing...
3 metrics DeFi traders can watch in order to spot the next crypto bull market
17.11.2023
TVL, fee revenue and wallet activity are just three metrics investors can use to assess the health of the DeFi sector
Bitget Releases Position Grids to Reshape Digital Asset Trading
17.11.2023
Source: AdobeStock / Rafael Henrique Cryptocurrency exchange, Bitget has launched position grids, a trading tool to enable users to take advantage of market fluctuations in a bid to scale up activities. In a recent press release, the exchange announced the integration of its trading tools to...
Jupiter to Roll Out First Phase of Major Airdrop: 1 Billion JUP Tokens to Reward 955,000 Solana Wallets
17.11.2023
The decentralized exchange (dex) Jupiter has unveiled specifics regarding the distribution of the first 10% tranche of its community airdrop, encompassing 1 billion jupiter (JUP) tokens from a total pool of 10 billion. This initiative is designed to honor 955,000 distinct Solana wallets that...
Terra Luna Classic Price Prediction as Binance Announces Support for New Network Upgrade – Can LUNC Reach $1?
17.11.2023
Terra Luna Classic (LUNC) Chart / Source: TradingView Terra Luna Classic (LUNC) is pulling lower on Friday, despite the world’s largest cryptocurrency exchange Binance announcing that it plans to support a new network upgrade. The LUNC price was last around $0.000077, down around 20% from the highs...
The Quest to Stabilize GHO — Navigating Challenges to Reach $1 Peg Amidst Aave’s Corporate Rebrand
17.11.2023
The blockchain technology enterprise Aave Companies, recently rebranded as Avara, is still navigating challenges in stabilizing its stablecoin GHO, which is currently struggling to sustain its desired $1 peg. The project’s Liquidity Committee is actively working on strategies to strengthen...
Bitcoin Transaction Fees Skyrocket, Reaching Second Highest Point of 2023 Amidst Backlog Woes
17.11.2023
On Thursday, November 16, 2023, Bitcoin saw its average transaction fees peak at $18.69 per transfer, marking a high of 0.00051 BTC. This surge represented the second-largest increase in 2023. However, the following day saw a reduction in onchain fees. Despite this, as of 8:13 a.m. Eastern Time...
Ethereum Technical Analysis: ETH Slips 4%, Traders Eye Critical Support With Caution
17.11.2023
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, experienced a downturn on Friday, dropping 4.7% against the U.S. dollar. Over the previous week, it has seen a decline of 6.6% in its value. The trading dynamics on November 17, 2023, showcased a complex blend of factors...
U.S. Crypto Lobby Spending Surpasses $20 Million in 2023, On Track to Beat 2022 Record
17.11.2023
Adobe Over $20 million has been spent on crypto-related lobbying in the United States this year, a new report shows. According to a recent CoinGecko report, the amount spent on cryptocurrency lobbying was $20.19 million, a figure set to break last year’s $22 million mark as recent data does...
Bitcoin Technical Analysis: $38K Resistance Level Holds BTC Back
17.11.2023
Between November 16 and 17, 2023, bitcoin (BTC) witnessed a notable shift in its value, exhibiting a price swing from $35,579 to $37,904 within a 24-hour span. Currently, the turbulent market activity has stabilized, with bitcoin trading at $36,387 per unit. Bitcoin On November 17, 2023, bitcoin...
Is Solana Going to Zero? SOL Price Slashes 10% as Fresh Altcoin Bags $4 Million
17.11.2023
The SOL price has dumped by 11% this morning, on a bad day for the cryptocurrency market as a whole, which is down by 3%. Yet at $57.84, SOL remains up by 17% in the past week and by a huge 140% in the last 30 days, with the altcoin also having gained by 480% […]
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Is It Too Late to Buy Avalanche? AVAX Price Surges 70% as a New Telegram Casino Project Launch Approaches
17.11.2023
The AVAX price has dropped by 7% in the past day and by 2% in the last hour, as the cryptocurrency market loses some of its recent gains in a selloff today. Despite the decline, AVAX remains up by an impressive 70% in the past week and by 138% in a month, making it one […]
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APEC Meeting: Yellen Acknowledges Digital Assets’ Potential, Announces Regulation Advancements
17.11.2023
U.S. Treasury Secretary Janet Yellen has acknowledged the advantages that the adoption of digital assets might bring to several key economic activities. After the Asia Pacific Economic Cooperation (APEC) finance ministers’ meeting, Yellen stated that while digital assets do pose risks, they...
Asia-based Crypto Exchange XREX Secures In-Principle Approval for Major Payment Institution License in Singapore
17.11.2023
Source: AdobeStock / Richie Chan On November 16, XREX, an Asia-based cryptocurrency exchange specializing in cross-border payments, achieved a significant milestone by receiving in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This...
Dogecoin and Astrobotic to launch a DOGE token to the moon
17.11.2023
Dogecoin recently announced its plans to send a physical DOGE token to the moon. The crypto has joined hands with Astrobotic, a Pittsburgh-based firm, for the same. Astrobotic is running a payload mission on December 23. According to the latest update by Dogecoin, the project will carry a physical...
PSG’s innovative approach: NFTs & fashion unite in crypto strategy
17.11.2023
Paris Saint-Germain (PSG) is a popular football club in Paris that has been making massive waves in the crypto space. It has strategically blended digital innovation with fashion by launching an interesting collection of NFTs (non-fungible tokens), dedicating 10% of it to unique edition...
Global securities body IOSCO unveils crypto regulatory framework proposals
17.11.2023
According to the report, these expectations can be addressed by applying existing rules or creating new ones, depending on the jurisdiction
Shibarium: Ambitious vision for mass adoption
17.11.2023
Shiba Inu recently talked about its plans for mass adoption. The venture released a thread of tweets to discuss the possibilities. The tweets read that Shiba Inu aims to launch several new solutions and products in the coming years. The launch of the Shibarium mainnet was the start of these...