Binance, CZ file motion to dismiss SEC’s amended complaint
Secondary market resales of crypto assets long after they were first distributed by their developers are not “securities” transactions, lawyers for Binance and its former CEO argued.
Kraken Completes 2024 Proof of Reserves, Verifying Over $21.5 Billion in Client Assets
Kraken has announced the completion of its 2024 Proof of Reserves, an independent verification process conducted by a third-party accountant. This procedure allows clients to confirm that their account balances are fully backed by onchain assets…
Six Months, $1 Billion: TON Network’s Explosive USDT Adoption Milestone
The partnership between The Open Network (TON) and Tether has reached new heights as the USDT stablecoin experienced a massive surge in just a few months since the start of their collaboration. A remarkable feat that saw a massive increase in the…
Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes
Alibaba has laid off employees at its metaverse unit, Yuanjing, reflecting a broader industry trend of waning interest in metaverse projects by large Chinese corporations. Despite Layoffs, Alibaba Remains Committed to the Metaverse Chinese tech…
Bitget Launches Female-Centric Pitching Competition During DevCon 24′ With Access up to $100K Funding Opportunities
PRESS RELEASE. Victoria, Seychelles, 4th November 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has launched “Pitch n Slay,” a special initiative under its Blockchain4Her program organized to provide exposure for female…
Colorado Resident Loses $6,000 in Bitcoin to Phone Scammer
A Keystone resident lost $6,000 in bitcoin in a phone scam in which a scammer claimed the victim had missed jury duty. The scammer also attempted to steal another $4,000 in bitcoin but was stopped by county deputies. The incident, which occurred…
Dogecoin Whales Record Largest Accumulation Week Since January With 2.10 Billion Tokens Bought
Dogecoin has achieved another historic milestone, as Dogecoin whales recorded their largest accumulation week since January 2024. Over 2.1 billion DOGE tokens were purchased during this period, underscoring the resurgence of interest and renewed…
Binance, CZ’s Lawyers File Motion to Dismiss Amended Complaint in SEC Lawsuit
Lawyers representing Binance and former CEO Changpeng “CZ” Zhao have made a fresh attempt to dismiss the Securities and Exchange Commission (SEC) lawsuit against them.
Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how the Central Bank of Brazil has proposed a tax on the use of stablecoins for making…
BTC price strength will be back with a vengeance early in 2025, analysis predicts, but the US Presidential Election will bug Bitcoin bulls until Inauguration Day.
Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump’s Election Victory
As the United States braces for the outcome of the closely contested presidential election between former President Donald Trump and Vice President Kamala Harris, Bitcoin (BTC) has experienced a price drop, now hovering around the $68,000 mark. …
Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender
The Pakistani government has proposed amendments to the State Bank of Pakistan (SBP) Act to recognize central bank digital currencies (CBDCs) as legal tender. These changes would authorize the central bank to issue, regulate, and manage digital…
Bitcoin Traders Wary of Price Drop in U.S. Election Week, CME Options Show
"It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week," one observer said, noting pricier puts on the CME.
Record-Breaking 3% Bitcoin Investment By UK’s Cartwright Fund: Largest BTC Allocation To Date
Cartwright, an independent business and specialist pension scheme advisor, urges UK institutional investors to embrace Bitcoin following the nation’s first allocation to a defined benefit (DB) scheme. Cartwright’s New Allocation Strategy In…
UK Pension Scheme Embraces Bitcoin, Marking a Historic Leap Into Crypto
A UK pension scheme has allocated 3% of its portfolio to bitcoin, marking a groundbreaking move aimed at diversification and potential long-term growth amid economic challenges. Rethinking Retirement: Bitcoin’s Intriguing New Role in UK…
Solana (SOL) Hints at Bearish Shift: Is Drop on The Horizon?
Solana trimmed gains and traded below the $172 support zone. SOL price is consolidating and might struggle to recover above the $165 resistance. SOL price started a fresh decline after it struggled near the $175 zone against the US Dollar. The…
Meta said sharing open-sourcing AI tech within the US and with its allies will play a role in helping it preserve the “technological edge” over China and other competitors.
Bitcoin Long-Term Holders Offload Over 177k BTC: Is A Price Surge Or Correction Next?
Bitcoin, often influenced by long-term holders’ (LTH) decisions, has witnessed significant selling activity among this investor group over the past week. While the reason behind the long-term holders offloading Bitcoin is not certain, the…
US Dollar’s ‘Death Warrant’? BRICS Power Play Revealed by Russian Officials
The U.S. dollar has been wielded as a “weapon of oppression,” a Russian official argues, accelerating its decline as the world’s reserve currency as BRICS nations pursue currency alternatives. The US Dollar’s New Fate…
XRP Price Gears Up: Is a Major Move on the Horizon?
XRP price is holding the $0.500 support zone. The price is consolidating and aiming for a fresh increase while Bitcoin is trimming gains. XRP price is eyeing a decent increase above the $0.5100 zone. The price is now trading below $0.5095 and the…
Dangerous Explosion Looms: Medvedev Warns of US Dollar’s Inevitable Collapse
A U.S. dollar collapse would trigger catastrophic global upheaval, warns Dmitry Medvedev, describing a looming “explosion” with grave consequences for the entire world economy. Medvedev Warns of Grave Global Havoc if US Dollar Bubble Bursts Dmitry…
Ethereum Price Grinds Lower: Will Support Kick In Soon?
Ethereum price extended losses and traded below the $2,500 support. ETH is consolidating and might struggle to recover above the $2,500 resistance. Ethereum started a fresh decline from the $2,550 resistance zone. The price is trading below $2,480…
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