Day: November 15, 2023

NYDFS Rolls Out Stricter Guidelines for Cryptocurrency Listings, De-listings

The new rules also require companies to give advance for token de-listings and to be more transparent with their customers about removing support for cryptocurrencies they once listed. In addition, the companies must formulate their policies based upon “specific business model, operations, customers and counterparties, geographies of operations, and service providers; and to the use, purpose, and specific features of coins being considered.” Source

Some crypto companies might be too excited for Bitcoin’s halving

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As we approach Bitcoin’s (BTC) halving in April, a phenomenon that historically triggers significant market shifts, companies within the space are at a critical juncture. This event is surrounded by speculation and strategic planning, and for some, a sense of uncertainty. While it’s laden with opportunities, it’s vital for businesses to adopt a balanced approach, integrating a long-term perspective rather than catering to market euphoria. Historically, Bitcoin halving events — which reduce mining rewards by half — have triggered substantial changes in the crypto landscape. These changes often lead to…

CertiK reports a critical security vulnerability in Solana’s Saga phone

Security platform CertiK has released a video demonstrating a critical vulnerability exploit on Solana’s flagship Saga phone.  Blockchain security platform CertiK claimed that the Solana Saga phone has a major vulnerability that could allow hackers to create a backdoor into its software and compromise the device. Certik posted a minute-long video on X (formally known as Twitter), demonstrating how a hacker could potentially override the device during startup and gain unauthorized root access.  Ever wondered about the security of your Web3 devices? Our newest exploration reveals a significant bootloader vulnerability…

Analyst Explains Why The King Of The Altcoins Is Destined For $10,000

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Crypto analyst Tony The Bull, founder of CoinChartist, has revealed why Ethereum is destined to cross $10,000. According to the crypto analyst, the king of the altcoins has its top just right after $10,000 using the Fibonacci extension. How Ethereum Gets To $10,000 In the latest issue of the CoinChartist newsletter, crypto analyst Tony The Bull used the Hurst Cycle Theory which showed cyclical reoccurrence across the ETH/USDT chart. As the analyst explains, the uptrend noticed in the Ethereum charts has usually come from the accumulation of the token. Tony…

Congress Gets the Runaround From Regulators, Again

Fast forward two years and fears about the broker definition have come true. It’s clear that the Treasury decided to broaden the scope of what it deems a broker irrespective of the statutory language set by Congress. While there are many in the digital assets industry that do fit the natural and traditional understanding of the term “broker,” such as centralized, custodial exchanges, it is obvious that others, such as decentralized finance (DeFi) software developers and non-custodial wallet software providers, shouldn’t be swept up by this definition. Source

Is Fetch.ai (FET) On The Cusp Of Another Mega Bull Run To 2021 Highs?

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A crypto trader took to X on November 15, predicting that FET, the native currency of Fetch.ai, an AI-centric platform, could be aligning itself for a “green path,” resuming the uptrend of the past few weeks.  The analyst, @rektcapital, believes the recent price action on the weekly chart points to strength. Moreover, the possibility of FET bulls flowing back and driving prices above the immediate resistance level registered in early November remains elevated at spot rates. Fetch.ai set for the green path | Source: Rektcapital on X FET Remains Bullish, Up 770%…

Sora’s First Summit Brought Sam Bankman-Fried to Hong Kong. Now, They’ve Got Their Eyes on Taipei.

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Solana (SOL), Avalanche (AVAX) and dYdX produce double-digit gains as Bitcoin reclaims $37K

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On Nov. 15, several altcoins continued to show strength alongside Bitcoin (BTC), which notched an intra-day high at $37,400. Leading into the week, DYDX, Solana’s SOL (SOL) and Avalanche’s AVAX (AVAX) currently reflect double-digit gains, with each chasing after new year-to-date highs.  The sustained bullish price action from altcoins has led some analysts to declare the arrival of an altcoin season, and at the time of writing, the total market capitalization of the altcoin market has hit a 2023 high at $659.5 billion. Altcoin price rallies typically involve a slew…

Negative Correlation Hits Pre-Pandemic Levels

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So far, Bitcoin has demonstrated a unique trajectory over the past weeks, distinct from broader financial movements. While global markets have been riding buoyancy, with investors embracing a more risk-on attitude following softer US inflation data, Bitcoin has charted its own path. Bloomberg reported since the release of the US data on Tuesday, an index of global shares surged by 2% on speculation that the Federal Reserve might halt interest rate hikes and lean towards reductions in 2024. In this context, Bitcoin has seen a decline in the short term…