Category: Latest News in cryptocurrency world

A federal judge, Richard Jones, accepted Binance founder Changpeng “CZ” Zhao’s guilty plea to a Bank Secrecy Act violation. However, the decision on whether Zhao can return to the United Arab Emirates before his February sentencing is pending. Despite stepping down as CEO, Zhao awaits sentencing scheduled for Feb. 23, 2024, with a release on…

At the recent Republican presidential debate, discussions included Bitcoin, SBF, ether, and SEC Chair Gensler. Pro-crypto candidate Vivek Ramaswamy emphasized the need for U.S. regulation to prevent fraud and sanctions violations in the crypto industry. Ramaswamy proposed reducing the SEC workforce, easing regulations, and treating most cryptocurrencies as commodities outside the SEC’s jurisdiction. Solana founder…

Binance’s new CEO, Richard Teng, faced a challenging debut in his first public interview, acknowledging past compliance shortcomings but evading inquiries on governance and crucial details. Despite persistent questioning by FT’s Scott Chipolina, Teng remained elusive, leaving unanswered queries about Binance’s headquarters, audit plans, current workforce, and UK licensing. Tensions rose as Teng, appearing remotely,…

IBM has launched the IBM Hyper Protect Offline Signing Orchestrator (OSO), a cryptographic signing technology designed for secure cold storage of digital assets. This technology mitigates risks associated with manual procedures by introducing additional security layers such as disconnected network operations, time-based security, and multi-stakeholder electronic transaction approval. Leveraging its expertise in key management and…

During Bitcoin’s surge to $44,000, option traders have adopted a bullish stance, anticipating a $50,000 price target by January 2024. Their optimism is tied to the potential approval of a spot Bitcoin ETF, expected within the first ten days of 2024. Greeks.Live, an options trading platform, notes fluctuations in BTC’s December options share. After surpassing…

Cryptocurrencies are experiencing an influx of fresh capital as the stablecoin market expands after more than 18 months. Tether’s USDT, in particular, has reached an all-time high market cap of $89 billion. Glassnode data reveals that the combined market capitalization of the largest stablecoins grew by nearly $5 billion in the past month, totaling $124…

The Bitcoin price trajectory is unfolding in a compelling manner, instilling confidence in investors for the upcoming days. Currently retracing to the April 2022 level, just weeks before the FTX collapse in the crypto market, the BTC price has caught the attention of Titan of Crypto. Based on the last 72 hours’ price activity, this…

Whale Alert, a platform tracking blockchain metrics, disclosed a surge in whale activity around XRP, the cryptocurrency supported by Ripple Labs. Subsequently, the token garnered notable attention from crypto enthusiasts in the cryptocurrency realm. Additionally, the XRP price experienced a slight decline on December 6 amid the heightened whale activity. A Detailed Report on XRP…

Solana (SOL), a competitor to Ethereum Layer-1, exhibited price fluctuations between $60 and $65 this week. Following a 7% decline on Tuesday, SOL has rebounded, now showing a 6.5% increase, trading at $64.28.In a recent podcast with Unchained, Solana Labs co-founder Anatoly Yakovenko discussed FTX’s collapse, shared thoughts on Sam Bankman-Fried, addressed the SEC’s classification…

DWF Labs reaffirms its commitment to the Floki Ecosystem with a $1.2 million token purchase from the Floki treasury on December 5, preparing strategically for the anticipated crypto bull market. Following this move, Floki (FLOKI) witnesses a remarkable 24.68% surge in the last 24 hours, reaching $0.00004488, and a 40% increase over the past 7…