Day: October 13, 2023

Binance.US unveils new token listing policy, with SUI under evaluation

Binance.US introduces a transparent pre-announcement strategy for potential asset listings, with Sui token currently under evaluation. Leading crypto exchange Binance.US is introducing a novel approach to how it selects digital assets for listing on its trading platform. The platform has shifted towards pre-announcing certain tokens that it is actively evaluating for potential listing. This change aims to bring enhanced clarity and forward visibility to both the user community and the broader market. The selection process isn’t arbitrary; it’s based on an array of analytical factors. Among these are anticipated trading…

This Trader Is On The Brink Of Losing Money, Will Selling WBTC On Aave V2 Help?

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A trader on Aave, a decentralized liquidity protocol operating on multiple platforms, including Ethereum and OP Mainnet, has begun selling wrapped Bitcoin (WBTC) to repay outstanding debt, records on October 13 reveal. WBTC is a tokenized version of Bitcoin issued on Ethereum that allows holders to engage in decentralized finance (DeFi) activities. Trader Selling WBTC To Repay Debt On Aave v2 According to Lookonchain data, the unidentified trader marked with address “0x47ab” borrowed roughly $8 million worth of multiple stablecoins, including USDC, USDT, and DAI, Maker’s stablecoin, on Aave v2 after depositing…

Caroline Ellison desired to step down but feared a bank run on FTX

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Ellison spent over ten hours testifying during Bankman-Fried’s trial this week, notably entering through the front doors of the federal court in Manhattan, joined by her attorneys. According to Ellison, she had not seen Bankman-Fried since the crypto empire failed in November last year. But their communication eroded even months before. In April 2022, their romantic relationship came to an end, and Caroline started avoiding meetings with Bankman-Fried, even though they still lived in the same luxurious apartment in the Bahamas. Alameda’s growing liabilities with FTX and the breakup made…

US authorities monitor China-linked Bitcoin miners amid national security concerns: Report

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Officials within the United States government were reportedly keeping tabs on certain cryptocurrency mining operations with ties to China. According to an Oct. 13 report from The New York Times, many Bitcoin (BTC) data centers based in the U.S. can be traced directly to the Chinese government, raising concerns over operations in close proximity to military bases and other areas connected to national security. One of the sites reportedly being monitored by authorities was a mining operation in Wyoming near a Microsoft data center that supported some of the Pentagon’s…

Cardano (ADA) Addresses In Loss Rise Over 94%, Is It Time To Jump Ship?

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Cardano is down 45.6% from its yearly high of $0.4518 and is showing no signs of slowing down at the moment. Data has shown that at its current price, the majority of Cardano holders are losing money, further showing the state of the cryptocurrency’s price.  Cardano (ADA) addresses in loss is now over 94%, leaving many investors wondering if it’s time to cut their losses and move on.  Cardano (ADA) Addresses In Loss Rise Over 94% Cardano (ADA) is currently the 8th largest crypto by market cap, with a market…

FTX founder Sam Bankman-Fried’s trial day 8: Recap 

The second week of Sam Bankman-Fried’s criminal trial concluded with BlockFi CEO blaming FTX and Alameda for its bankruptcy.  FTX founder Sam Bankman-Fried’s historical trial saw the end of its second week today. Throughout this week, the major key witness was Caroline Ellison, former CEO of Alameda Research and ex-girlfriend of SBF.  Ellison testified how Alameda was allowed to take unlimited loans from FTX’s customer funds, how Bankman-Fried used funds for political donations, his failed pursuit of Saudi investment and how he bribed Chinese officials.  Yesterday, Zac Prince, former CEO…

Bitcoin Price Rally On The Horizon? BTC Spot ETFs May Get The Green Light Today

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In what could be a pivotal day for the Bitcoin price, the last day for the US Securities and Exchange Commission (SEC) to appeal the Grayscale Bitcoin (BTC) spot Exchange-Traded Funds (ETF) decision is approaching, and the crypto community is eagerly awaiting the outcome. The implications of this decision are significant, as it could pave the way for the approval of several other spot Bitcoin ETFs.  Impending Approval Of All Proposed Bitcoin Spot ETFs?  According to crypto YouTuber Crypto Rover, if the SEC does not appeal the court’s ruling by…

Microsoft’s Activision buy may see more metaverse in the office and crypto in gaming

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A lot was said about the metaverse when the Microsoft deal to acquire Activision Blizzard was announced in January 2022. The attention mainly was on business communications, rather than gaming. If public statements and leaked documents are any guide, the Activision deal could promise more for the future of crypto than the metaverse. The metaverse had high visibility in Microsoft’s announcement of its deal for Activision in January 2002. “This acquisition will accelerate the growth in Microsoft’s gaming business […] and will provide building blocks for the metaverse,” Microsoft said…

Madeira’s government announces an exclusive Bitcoin business hub

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Madeira Regional Government President Miguel Albuquerque has unveiled a dedicated Bitcoin business zone aimed at fostering technological innovation and global partnerships. Madeira Regional Government President Miguel Albuquerque has confirmed the inauguration of a business hub focused solely on Bitcoin and related innovations. Speaking in a dialogue with Prince Filip Karađorđević of Serbia at Bitcoin Amsterdam 2023, the move has been framed as a significant step toward technological advancements and international partnerships. Strategically transitioning its economic narrative, Madeira, an autonomous territory under Portugal, is increasingly investing in modern technological sectors. This…