Day: June 26, 2023

Binance reverses decision to delist privacy coins in Europe

Binance has decided to reverse its plan to delist a number of privacy coins in Europe after it said it has revised operations in order to comply with local regulations.  In a comment from the cryptocurrency exchange recevied on June 26, Binance said that: “After carefully considering feedback from our community and several projects, we have revised how we classify privacy coins on our platform to comply with EU-wide regulatory requirements.” It also commented that since it operates as an exchange registered in various EU jurisdictions, it is “obliged” to…

NEAR Foundation and Alibaba Cloud Partner on Web3 Growth in Asia

The news of the partnership between Alibaba Cloud and the NEAR Foundation, hit the market shortly after Alibaba announced a new chairman. The non-profit NEAR Foundation is joining Alibaba Cloud to accelerate Web3 growth. On Monday, the organization revealed its new relationship with the Chinese tech giant’s arm for computing and storage, noting that the target is Asia and the Middle East. NEAR Foundation and Alibaba Cloud Collaborate Under the partnership between the NEAR Foundation and Alibaba Cloud, the former will have access to the latter’s developer ecosystem across the…

The best blockchain “does not exist” — Cardano Foundation exec

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While many community members enjoy arguing about what the ultimate blockchain is, an executive from the Cardano Foundation believes that these arguments should stop, as use cases dictate which blockchain is most appropriate for specific projects.  At the World Token Summit in Dubai, Cointelegraph spoke with Mel McCann, vice president of engineering at the Cardano Foundation. The executive spoke about various topics, including enterprise adoption and the need to stop arguing about what blockchain is the best. Cardano Foundation’s Mel McCann (left) with Cointelegraph reporter Ezra Reguerra at the World…

BTC price up, fundamentals down? 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week in a solid position above $30,000 after its latest rapid gains. BTC price action continues to deliver on bulls’ expectations after weeks of sideways trading offered little relief. Can it continue? That is the question on every trader’s mind this week — $30,000 held into the weekly close and beyond, but in a volatile crypto market, anything can and does happen. The macroeconomic climate is somewhat “standard” for the final week of June, offering some potential risk asset price catalysts but avoiding several major…

Bitcoin surges above $30,000, DigiToads presale hits $5.7 million

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The crypto industry in Europe is currently facing various regulatory and geopolitical challenges. Despite these obstacles, cryptocurrencies such as bitcoin (BTC) and digitoads (TOADS) have been making notable progress and achieving new milestones in the crypto market. DigiToads is a crypto project integrating play-to-earn (P2E) gaming and stake-to-earn mechanisms into its ecosystem. Bitcoin continues to attract investors with its pioneering status in crypto. Meanwhile, DigiToads has been garnering attention from crypto enthusiasts and analysts worldwide due…

ProShares Bitcoin Futures ETF (BITO) Sees Biggest Weekly Inflow in a Year

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High exchange inflow shows correction possibility for bitcoin

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The latest bull run has helped the global crypto market to rise by roughly $150 billion in just two weeks. However, as the heat grew, selling pressure rose nonetheless, triggering a notable downtrend. According to data provided by CryptoQuant, there is still a possibility of a correction for the largest cryptocurrency, bitcoin (BTC), despite being down by 1.35% in the past 24 hours. Usually, the BTC price rise has helped the global crypto market cap to…

Binance eyes United Arab Emirates as ‘focal point’ for future operations

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The United Arab Emirates is becoming the next big focus for Binance in the wake of a slew of enforcement actions in the United States against the crypto exchange. Speaking to Cointelegraph, Binance Dubai general manager Alex Chehade said the UAE is a prime destination for crypto businesses seeking a clear path forward and noted its friendly stance toward digital assets. “Binance identified that the senior leadership of the UAE wanted to establish the region as a focal point for Web3. They’re trying to diversify away from fossil fuels and…