Month: December 2023

Tether, the stablecoin issuer, took precautionary measures by freezing 41 wallets controlled by individuals on the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals (SDN) List. This action, described as a precaution, followed the identification of several wallets using the Tornado Cash coin-mixing service over the past six months. Notably, one of the frozen…

The altcoin market saw heightened activity over the weekend, with Cardano (ADA) taking the spotlight. ADA’s price surged to $0.59, marking a weekly gain of over 50%. Recent data from Santiment reveals ADA hitting an 18-month high at $0.633, the highest since June 2022, accompanied by a notable increase in trading volume. Cardano’s renewed popularity,…

The dynamic nature of the Crypto space has once again highlighted some top cryptocurrencies worth considering for investment. Cardano (ADA) has garnered significant attention with its recent exponential increase in TVL, while BONK has unexpectedly surged in price and market cap, securing a spot among the top three dog-themed coins. Avalanche (AVAX) witnessed substantial growth…

Binance has withdrawn its application for an investment-management license in Abu Dhabi, citing it as unnecessary for the company’s global requirements. The exchange still maintains an application to provide digital asset custody for professional clients. The decision is independent of Binance’s recent legal settlement in the U.S., where it agreed to a $4.3 billion fine…

The surge in speculation around a spot Bitcoin ETF, combined with factors such as a dovish U.S. Federal Reserve, fueled a remarkable 22% rally in Bitcoin’s price within a month. Analysts highlight spot bids emerging from the crucial support level of $43,000, with retail investors seizing the buy-the-dip opportunity following an institutional investors-led rally. The…

Shiba Inu lead developer Shytoshi Kusama addressed speculation surrounding Shiba Inu (SHIB) and Bone ShibaSwap (BONE) burn on Shibarium, confirming the burning of $75,000 worth of SHIB tokens in the initial burn from accumulated BONE tokens. The recent significant hard fork of Shibarium introduces a crypto tokens burn model. Kusama clarified the focus on burning…

Ripple CTO David Schwartz recently shared a cautionary story about selling Ethereum, reflecting on the regret of parting with 40,000 ETH at $1. The post sparked speculation within the XRP community, with members interpreting it as a subtle encouragement to hold onto their XRP, even if its price dips below $1. Some believe Schwartz is…

Altcoins are surging alongside Bitcoin, which remains robustly near the $44,000 mark. Notable performers this week include Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Avalanche (AVAX), Polkadot (DOT), and Shiba Inu (SHIB), all experiencing over a 20% rally. The next days and weeks will reveal the unfolding trends for these altcoins.Prominent crypto analyst Rekt Capital notes…

Jack Dorsey’s Block, under his leadership, has made a significant move in the cryptocurrency arena by unveiling Bitkey, a Bitcoin hardware wallet. This new initiative from the former Twitter CEO underscores a strengthened commitment to Bitcoin and its transformative impact on digital transactions. Bitkey, lauded for its security and user-friendly design, is now open for…

The sentencing for Binance Founder and CEO is scheduled for February 2024, following his admission of guilt for violating the Bank Secrecy Act last month. Despite initial permission to return to the UAE on bond, a federal judge has now restricted him from leaving the U.S. until sentencing. Nikhilesh De, Managing Editor of CoinDesk Global…