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Bitcoin’s Path to a Supercycle: Will 2024 Mark the End of Dramatic Downturns?
24.11.2023
Source: Adobe / Simon The idea of a Bitcoin supercycle, first introduced by Bitcoin educator Dan Held in 2020, is once again gaining traction in the community as Bitcoin is entering what some believe could be another long-term bullish phase. The key driver behind this potential supercycle is...
100,000 South Koreans Will Start Using CBDC Next Year
24.11.2023
Source: tktktk/Adobe The Bank of Korea (BOK) has announced that 100,000 South Korean citizens will start making “real-world” CBDC transactions next year. The central bank said that the digital won will be tested in the “fourth quarter of the next financial year.” Per the media outlet Newsway,...
Russian Bailiffs Will Get More Powers to Seize CBDC & Crypto
24.11.2023
Source: evgris/Adobe Moscow will give Russian bailiffs more new powers to seize digital rubles and cryptoassets in bankruptcy cases. Per Comnews, the plan is the brainchild of the Ministry of Justice and the Russian Federal Bailiff Service (FSSP). The ministry wants to give bailiffs a range of...
Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading
23.11.2023
Raiffeisen Bank. Source: Adobe / Cristi Austria’s Raiffeisen Bank is set to launch crypto trading services in 2024, joining a slew of European banks breaking into the digital asset custody business. The 130-year-old bank announced plans for the service in April upon signing a letter of intent...
Unidentified Whale Deposits 10,000 ETH Worth $20 Million in New Blast L2 Project
23.11.2023
Source: Adobe / 2ragon Blast, a newly launched Ethereum-based layer 2 network, is already gaining traction in the market after one unidentified whale deposited a massive 10,000 ETH to the network. The deposit was made on Wednesday this week, just two days after Blast went live in “early access”...
Trader Cashes In $12M as Blur NFT Platform Airdrops 300M Tokens to Users
23.11.2023
A cryptocurrency trader scored big with a $12.1 million haul from Blur’s NFT token airdrop. Image by Vladimir Kazakov, Adobe Stock. The popular NFT marketplace Blur recently concluded an end-of-season airdrop, distributing 300 million reward tokens worth around $160 million to traders on...
Grayscale Updates Bitcoin ETF Prospectus After Discussing with SEC
23.11.2023
Grayscale continues efforts to secure regulatory approval for a Bitcoin ETF. Image by Ascannio, Adobe Stock. On Wednesday, digital asset manager Grayscale submitted an updated prospectus to the Securities and Exchange Commission (SEC) for converting its Grayscale Bitcoin Trust into a spot bitcoin...
Binance Lists New Solana-Based Meme Coin Amidst 2,500% Price Surge – Bull Market Officially Here?
23.11.2023
Source: Adobe / Olivier Le Moal Binance, the world’s largest crypto exchange by trading volume, has added fuel to the frenzy surrounding the Solana-based meme coin BONK by announcing the launch of a BONK futures offering. The listing comes as BONK has seen a dramatic surge in the market...
Nansen Report: Binance’s Total Asset Holdings Remain Stable After DOJ Settlement
23.11.2023
Source: Iryna Budanova/Adobe Binance’s total asset holdings have remained largely unchanged following the recent settlement of civil and criminal charges between the crypto exchange and CEO Changpeng “CZ” Zhao and US authorities. According to a report by blockchain analytics firm...
Lugano Integrates Polygon Protocol into MyLugano Payment App for Crypto Transactions
23.11.2023
Source: Adobe/LianeM In a significant move towards solidifying its position as Europe’s emerging crypto-capital, Lugano city in the southern Switzerland Ticino region has seamlessly integrated the Polygon proof-of-stake (PoS) protocol into its crypto-friendly payment app, MyLugano. Polygon...
China Debuts Solar Power Industry Digital Yuan Smart Contracts
23.11.2023
Source: jeson/Adobe A Chinese power provider says it has completed the first digital yuan smart contract transaction in the solar power industry. Per the Yangtse Evening Post (via Sohu), the State Grid Suzhou Power Supply Company struck the CBDC contract with the materials and textiles firm Suzhou...
Bullish Brazilian Bank Nubank Adds Five More Altcoins to Banking App
23.11.2023
Source: Diego/Adobe The Brazilian neobanking unicorn Nubank is stepping up its crypto adoption drive, adding trading capabilities for five more altcoins to its banking app. Per the Brazilian media outlet Livecoins, the bank added support for Polkadot (DOT), Avalanche (AVAX), Stella Lumens (XLM)...
PancakeSwap Introduces New Voting System ‘Gauges’ for Governance Token Holders
23.11.2023
Adobe Stock / JorgeEduardo Decentralized crypto exchange Pancakeswap has launched a new voting system called “Gauges” and “veCAKE,” a new vote-escrowed system that allows users to vote on governance proposals and determine CAKE emissions allocations. According to a Nov....
JPMorgan Says Binance’s Record $4.3B Settlement Removes ‘Systemic Risk,’ Calls It ‘Positive’
22.11.2023
JPMorgan calls Binance’s costly settlement with U.S. regulators a positive development for crypto. Image by HTGanzo, Adobe Stock. Crypto exchange Binance’s $4.3 billion settlement with U.S. authorities marks a positive development for the company and the broader cryptocurrency sector...
Mt. Gox Creditors to Receive Bitcoin Payments Starting 2023 Based on Rehabilitation Plan
22.11.2023
A decade after the Mt. Gox crypto hack, creditors have been informed of a repayment plan beginning in 2023. Image by 24K-Production, Adobe Stock. Nearly a decade after the collapse of the Mt. Gox cryptocurrency exchange, creditors may finally receive some relief. In an email sent to rehabilitation...
Heco Chain, HTX Hit by $100M Hack, Justin Sun Says Exchange Will Cover All Losses
22.11.2023
A recent hack drained $100 million worth of crypto from Heco Chain and HTX exchange. Image by Cihangir Stock, Adobe Stock. Cryptocurrency exchange HTX and blockchain protocol Heco Chain were exploited on Wednesday in a hack totaling $97 million worth of digital tokens, according to Justin Sun,...
Degens Ride the Wave: Massive Surge in ‘CZ’ Token Amid Binance CEO’s Resignation
22.11.2023
Source: Adobe / MysteryShot Risk-loving crypto traders, often referred to as “degens,” are capitalizing on the recent announcement of Binance CEO Changpeng Zhao’s (CZ) resignation and guilty plea by scooping up a newly launched token called “CZ.” Despite...
Crypto Isn’t Going Anywhere: Industry Leaders Optimistic Despite Binance Crackdown
22.11.2023
Source: Adobe / XaMaps Following Binance’s massive $4.3 billion fine and founder and CEO Changpeng “CZ” Zhao’s decision on Tuesday to step down from the company, industry leaders have been reassuring the community that crypto is here to stay, and that it’s likely to come out even...
Bernstein Report: Binance Will Remain the Top Global Crypto Exchange Despite DOJ Settlement
22.11.2023
Source: Adobe Binance, the world’s largest crypto exchange, is expected to maintain its position as the dominant global exchange, even after reaching a settlement with the U.S. Department of Justice (DOJ). According to a research report by broker Bernstein, Binance experienced minor outflows...
Chinese Police Warn of Rise in CBDC-themed Money Laundering Schemes
22.11.2023
Source: EduardSkorov/Adobe Chinese police say there has been an increase in CBDC-themed money laundering schemes as the digital yuan rollout continues. Per the Dushichen Newspaper Agency (va JSChina), officers in Suining, Sichuan Province, stepped in to thwart a scammer. Detectives explained that...