Day: November 2, 2022

Whales With 1k-10k BTC Have Been Accumulating

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On-chain data shows the number of Bitcoin whales with 1k to 10k BTC in their wallets have been increasing lately, suggesting that investors have been accumulating the crypto. Bitcoin UTXO Count Value Bands Show Signs Of Accumulation In Market As pointed out by an analyst in a CryptoQuant post, there seems to be accumulation going in the BTC market in recent days. The relevant indicator here is the “UTXO Count Value Bands,” which basically tells us what percentage of Bitcoin wallets fall into which of the different value bands. Here,…

CZ explains why it’s so important to be building during the bear market

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During a live panel at the Web Summit in Lisbon, Changpeng Zhao (colloquially styled as CZ), CEO of cryptocurrency exchange Binance, shared his viewpoint on why it’s so important for crypto projects to continue their development in the bear market. As told by CZ: “It’s easier to hire talent in the bear market. A year ago, a college graduate knowing a little bit of Solidity programming cost a lot of money. The salaries just didn’t make much sense to me, but now it’s come down to very reasonable levels.” “Now…

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Russia Plans to Allow Mining of Any Cryptocurrency, Lawmaker Unveils – Mining Bitcoin News

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Newly proposed legislation aims to permit the minting of any cryptocurrency in Russia, a prominent lawmaker has revealed. While the draft law states that the circulation of the minted coins should take place outside Russian jurisdiction, an upcoming bill provides for their use under “experimental regimes.” Parliament Prepares to Legalize the Mining of Cryptocurrencies in Russia After rejecting one crypto mining bill for being fragmented and ambiguous, Russian lawmakers accepted to review another draft law, which more comprehensively regulates the extraction of digital currencies in the country. The main goal…

Binance CEO Zhao Considering Buying Banks: Bloomberg

Binance founder and CEO Changpeng CZ Zhao is looking into potentially buying banks as a way of bridging the gap between the worlds of traditional finance and crypto, according to an interview Zhao did with Bloomberg at the Web Summit conference in Lisbon. Zhao did not name any specific targets, and also said he’s open to either minority investments or a full acquisition. Original Source BanksBinanceBloombergBuyingCEOZhao CryptoX Portal

Crypto Exchange Coinbase Announces Support for Two Low-Cap Solana (SOL) Based Altcoin Projects

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Top US digital asset exchange Coinbase has announced it will be adding two Solana (SOL)-based crypto projects to their list of tradable altcoins. Announcing via Twitter, Coinbase says it will be adding support for Marinade (MNDE) and Marinade Staked SOL (mSOL) on the Solana network, with trading beginning on November 3rd once liquidity conditions are met. Both altcoins will be listed under Coinbase’s Experimental Label, which the exchange created for riskier, lower liquidity crypto assets. Marinade is a decentralized autonomous organization (DAO) that aims to make Solana more censorship-resistant and…