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Standard Chartered Bank Begins Offering Digital Yuan Exchange Services in China
29.11.2023
Standard Chartered Bank (China) has become one of the first foreign banks to participate in China’s central bank digital currency (CBDC) pilot. The bank explained that as an international bank rooted in the Chinese market for 165 years, Standard Chartered is optimistic about the development...
Former SEC Chair Discusses ‘Appropriate Way’ to Regulate Crypto — Says Classification Issues Are ‘Overblown’
29.11.2023
Former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton has discussed what he believes to be the “appropriate way” to regulate crypto. The former regulator added that “the classification issues” about whether a crypto token is a security or a commodity...
Coinbase CEO Says Binance Settlements Allow Crypto Industry to ‘Turn the Page’
29.11.2023
Coinbase CEO Brian Armstrong says the enforcement action against Binance has allowed the crypto industry to “turn the page.” He emphasized: “There are many, many companies in crypto that are helping build the crypto economy and update our financial system globally. But many of them...
Binance CEO Richard Teng Outlines the Path Ahead; Puts Innovation, Users and Web3 at the Forefront
29.11.2023
Richard Teng, the new CEO of Binance, has explained his vision for the company, outlining the challenges the exchange faces ahead and the areas on which the company will focus. In a blog post, Teng explained that innovation, users, and Web3 will be at the forefront of Binance in the new era of...
Bitcoin Whale Soars to 72nd Rank in 2 Weeks, Gathering Over 10,000 BTC Amid ETF Buzz
28.11.2023
This week, observers in the crypto sphere have kept a close eye on a notable bitcoin whale address, which impressively climbed from the 492nd spot to become the 72nd largest bitcoin holder in a mere fortnight. This substantial addition of over 10,000 bitcoin occurs amidst widespread speculation...
Study Reveals Bitcoin Mining as a Catalyst for Renewable Energy Growth and Flexible Load Systems
28.11.2023
A recently published working paper, collaboratively authored by industry experts, examines the critical influence of bitcoin mining in promoting worldwide clean energy efforts and stabilizing electricity grids. This paper probes into the utility of mining as a flexible and versatile instrument...
CZ Resigns as Chairman of Binance US, Signaling Strategic Shift
28.11.2023
On Tuesday, Binance US, the American branch of Binance.com, revealed that Changpeng Zhao (CZ), its former CEO, has relinquished his position as chairman of the board with immediate effect. The announcement emphasized that Binance US is fully functional and operates independently from Binance.com....
Over 100 Physical Attacks on Bitcoin Owners Documented Since 2014, Research Reveals
28.11.2023
In light of recent physical assaults targeting bitcoin owners, Jameson Lopp, co-founder of Casa, revealed a substantial list of such attacks on crypto holders, tracing back to 2014. Lopp’s research points out that the list, documenting over a hundred physical assaults, likely represents just...
Cardano’s Charles Hoskinson Clashes With Blockstream’s Adam Back Over Crypto Security Classification
28.11.2023
Charles Hoskinson, co-founder of Input Output Global (IOHK) and the Cardano blockchain initiative, recently expressed his frustration in a video over the U.S. regulator’s decision to categorize the cryptocurrency cardano as a security. He’s perplexed and critical about the exemption...
Crypto Payment Provider Alchemy Pay Secures Iowa Money Services License
28.11.2023
The Singapore-based payment gateway Alchemy Pay has been granted the money services license by the U.S. state of Iowa. Both this license and the money transmitter license obtained from Arkansas nearly two months earlier underline Alchemy’s “dedication to compliance.” Alchemy...
Economist Steve Hanke: US Dollar Weaponization Has Powered Record Central Bank Gold Purchases
28.11.2023
Steve Hanke, professor of applied economics at Johns Hopkins University, has discussed how U.S. policies have driven central bank gold purchases to record levels this year. In an interview, Hanke stated that these purchases were motivated by the weaponization of fiat currencies like the dollar...
European Banking Authority Launches New Consultation on Crypto Travel Rule
28.11.2023
The European Banking Authority (EBA) has recently launched a new consultation process concerning implementing the so-called travel rule for cryptocurrency transactions. The institution is seeking feedback on the defined procedures that crypto assets service providers (CASPs) must complete...
Judge Bars Former Binance CEO From Leaving US as the Court Weighs Government’s Request
28.11.2023
A federal judge has barred former Binance CEO Changpeng Zhao (CZ) from leaving the U.S. until the court has made a decision on the U.S. government’s motion to prevent his return to the United Arab Emirates (UAE) before sentencing. The government filed the motion in response to a release order...
SEC Struggles to Serve Richard Heart in Multi-Billion Dollar Crypto Case
28.11.2023
In an interesting turn of events, the U.S. Securities and Exchange Commission (SEC) faces challenges in its billion-dollar lawsuit against cryptocurrency figure Richard Heart. A recent court filing reveals that the SEC has yet to successfully serve Heart, complicating the high-profile case. Legal...
With Just 0.0004% of Bitcoin’s Hashpower, Solo Miner’s 2 PH/S Effort Secures Block Reward
27.11.2023
On November 26, 2023, a stroke of remarkable luck befell a solo miner when they discovered block 818,588, verifying a total of 4,193 transactions. This achievement garnered the miner a total of 6.887 BTC, inclusive of the 6.25 BTC subsidy and transaction fees. Solo Miner’s Slim Odds Pay Off:...
Bitcoin User Alleges Hack Linked to Erroneous 83.65 BTC Fee Incident
27.11.2023
The crypto community was initially baffled by the massive fee of 83.65 BTC, originally attributed to a costly mistake. However, recent revelations paint a darker picture. According to a social media account on X called “@83_5BTC,” hackers stole the funds from the unnamed individual...
Paradigm Says Blast Launch ‘Crossed Lines’ in Messaging and Execution, Pacman Defends Platform Amid Criticism
27.11.2023
Amid the rapidly evolving landscape of Ethereum layer two (L2) solutions, Blast, a new entrant, has sparked a wave of discussions in the crypto community. Spearheaded by Pacman, known for his work on the non-fungible token (NFT) marketplace Blur, Blast has garnered both significant funding...
Unveiling the ReadON and MOBOX Partnership: Elevating the Web3 Gaming Community
27.11.2023
PRESS RELEASE. ReadON, a leading Web3 content layer and application chain, and MOBOX, a pioneer in the Web3 gaming community, are excited to announce a strategic partnership. This collaboration aims to unify the Web3 gaming content community, enhance user experience, and transcend the boundaries...
Ethereum Technical Analysis: ETH Hangs Above $2K Range Amid 3% Drop
27.11.2023
Similar to bitcoin’s price, the second leading digital currency in terms of market cap, ethereum, is down on Monday, losing 3% against the U.S. dollar. Oscillating within a 24-hour range of $2,017 to $2,088, ethereum maintains a market capitalization of $243 billion. Current technical...
Bitcoin Technical Analysis: Momentum Slows as Bulls Cool Down Following 4-Week Rally
27.11.2023
The crypto economy has dropped more than 2% on Monday morning as equity futures show U.S. stocks may slip a hair on Monday following a four-week winning streak. Bitcoin has slid 2% over the past 24 hours against the U.S. dollar and it’s dropped 3.4% since the high of $38,437 recorded...