In November, Binance, the world’s leading cryptocurrency exchange, experienced a significant decline in its Bitcoin balance, coinciding with regulatory issues with U.S. authorities. This decrease in BTC holdings was accompanied by several other notable changes within the exchange’s ecosystem, indicating a shift in user behavior and the potential impact of regulatory concerns. According to Binance’s
Bitcoin, the world’s largest cryptocurrency, has been experiencing a significant rally in recent weeks. However, data now reveals that the Bitcoin whales, who may have been driving this rally, are now switching gears and opting for profit-taking instead. This shift in market dynamics raises concerns about the sustainability of the current rally. To assess the
The cryptocurrency exchange giant, Binance, recently faced a setback in its plans to expand operations in Abu Dhabi. The company withdrew its application for certain operations in the region, according to an updated filing. This withdrawal comes as a surprise, considering Binance’s previously strong presence in the Middle East and North Africa (MENA) region. The
Bitcoin (BTC) is currently experiencing what many analysts consider to be the beginning of an early bull market. This assessment is based on a unique chart feature that is playing out for the first time in the history of Bitcoin. The recent surge in BTC price has resulted in significant profits for various Bitcoin investor
The FTX 2.0 customer ad hoc committee, tasked with representing the interests of investors in the now-defunct FTX crypto exchange, recently received a response from the Official Committee of Unsecured Creditors (UCC). The UCC, responsible for overseeing the bankruptcy process of FTX, acknowledged the raised concerns brought forward by the ad hoc committee. Led by
The UK Financial Conduct Authority (FCA) has recently included Poloniex, a crypto exchange connected to Justin Sun, on its list of companies offering financial services without authorization. In an update released on December 6th, the FCA stated that Poloniex may be promoting financial services without their permission and advised individuals to avoid engaging with the
Versatus Labs, a peer-to-peer web service protocol aiming to enhance the transition of Web2 developers into Web3, has successfully raised $2.3 million in a seed funding round. The funding brings the company’s valuation to $50 million and will support the development of the Verastus LASR, the world’s first stateless rollup. The seed funding round was
Binance, one of the leading cryptocurrency exchanges in the world, is shrouded in mystery when it comes to its global headquarters. The newly appointed CEO, Richard Teng, recently declined to disclose the location to the Financial Times, carrying forward the company’s tradition of presenting itself as a global entity. This refusal to reveal vital information
Cryptocurrencies have been under scrutiny in recent years due to their potential use for illicit financial activities. At the “Annual Oversight of Wall Street Firms” hearing before the Senate Committee on Banking, Housing, and Urban Affairs, Senator Elizabeth Warren raised concerns about the involvement of cryptocurrencies in criminal organizations and rogue regimes. This article delves
In recent weeks, the digital asset market has experienced a significant surge in bullish activity, resulting in the prices of most cryptocurrencies reaching levels not seen in over 18 months. This remarkable upward trend in asset prices is accompanied by the rapid growth of decentralized finance (DeFi), with investors eagerly seeking to maximize their returns
