Day: November 18, 2023

Analysts forecast Rebel Satoshi, Flow, and THORChain to extend gains in November

Rebel Satoshi meme coin building Flow recovering after dropping in 2022 RUNE could be overvalued Looking at how crypto is performing, November appears to be a continuation of October. Rebel Satoshi (RBLZ), Flow (FLOW), and THORChain (RUNE) are in focus. Amid this upswing, RebelSatoshi, a new meme coin, aims to reach a $100 million market cap.  Analyzing Rebel Satoshi  Rebel Satoshi is a crypto project centered around the idea of rebellion.  It takes inspiration from historical figures such as Guy Fawkes and Satoshi Nakamoto, who were known for challenging established norms.  The…

Kaspa Binance Listing Sparks Frenzy, Token Soars: 50%

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Kaspa, a relatively recent entrant to the cryptocurrency market, has emerged as one of the top performers this weekend, experiencing a remarkable surge in value. This surge aligns with a broader trend, as the entire market capitalization of the crypto market has grown by over 5%, underscoring a substantial increase in overall value. In the past week alone, Kaspa’s price has soared significantly, contributing to its standout performance in the dynamic cryptocurrency landscape. The value of Kaspa (KAS) surged last week after it was added to the Coinbase Global platform,…

Former Bithumb chair faces 8-year imprisonment

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Lee Jeong-hoon, the former chair of Bithumb, one of South Korea’s major cryptocurrency exchanges, is at the center of a legal battle and might face an eight-year prison sentence, with a verdict scheduled for Jan. 18, 2024. According to Korean local media reports, prosecutors contend that Lee intended to revamp Bithumb’s governance to gain from exchange tokens, circumventing financial regulations. The case has been ongoing since October 2018, when the former chair allegedly defrauded 100 billion won ($70 million) during negotiations for the acquisition of Bithumb from Kim Byung-gun, chair of…

Former Bithumb Chairman faces eight-year imprisonment

Lee Jeong-hoon, the former chairman of Bithumb, one of South Korea’s major cryptocurrency exchanges, is at the center of a legal battle and might be facing an eight-year prison sentence in the appeal whose verdict is scheduled for Jan. 18. According to Korean local media reports, prosecutors contend that Lee intended to revamp Bithumb’s governance to gain from exchange coins, circumventing financial regulations. They claim Lee knew about challenges in the BXA Coin listing but didn’t disclose it to Kim. Despite listing issues, Lee purportedly received payments without informing Kim…

Crypto wallet with zero connectivity: NGRAVE joins Cointelegraph Accelerator

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Cryptocurrencies are digital-only assets that investors can delegate custody to a third party, such as an exchange, store in hot wallets, or rely on their own hardware wallets. Security concerns with online solutions and third-party risks (not your keys, not your coins) have increased the need for crypto investors to find offline, easy-to-use solutions to securely manage their crypto assets. This demand, along with a growing awareness of self-custody, is driving the expansion of the hardware wallet market, which is expected to reach 3.6 billion by 2031. However, hardware wallet…

Worldcoin (WLD) Crashes By 11% As OpenAI Pushes Out Sam Altman

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Worldcoin (WLD) experienced a sharp decline in its market price on Saturday after its founder, Sam Altman, was removed as the CEO of popular artificial intelligence company OpenAI. This development follows the heavy regulatory scrutiny on the crypto project due to privacy concerns. OpenAI Votes Out Sam Altman, Cites Loss Of Confidence In a shocking development on Friday, OpenAI announced a leadership change, stating that Sam Altman will immediately exit the company as its CEO.  In this statement, the company expressed its gratitude to Altman for contributing immensely to their…

Binance’s counter-terrorism advisor exits after just two months

Leading global crypto exchange Binance recently experienced a notable departure with Jennifer Hicks resigning from her position as the firm’s first anti-terrorism financial advisor. Hicks, who previously worked as a cybercrime investigator at Chainalysis and has a background in the U.S. Navy, joined Binance as Senior Manager of Intelligence and Investigations in late 2021, according to her LinkedIn profile.  The appointment of Hicks to the position was seen as a key step in Binance’s efforts to combat financial terrorism. However, merely two months after her promotion, she has left the…

Altman’s removal triggers co-founder Brockman’s exit

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The internal discord at OpenAI appears to be escalating rapidly, with the removal of Sam Altman announced by the company, citing a confidence deficit. Shortly thereafter, Greg Brockman, co-founder, and president of OpenAI, revealed his exit from the organization. Greg Brockman, expressing pride in the collective achievements since the company’s inception, announced his resignation, citing the recent developments as the reason. In a statement on the X platform (formerly Twitter), Greg Brockman said, “I take immense pride in what we’ve collectively achieved since our humble beginnings in my apartment eight…

Analyst claims XRP heading towards parabolic move

The price of XRP, the native cryptocurrency of the XRP Ledger, could be gearing up for a dramatic price surge according to some analysts in the crypto space. In a YouTube video posted on Nov. 17, the host of crypto analysis channel “Moon Lambo” shared perspectives from several respected chart analysts indicating XRP may soon see significant upside price action. One analyst highlighted was “The Blockchain Backer,” who pointed to chart formations suggesting Bitcoin is on the cusp of a major breakout above $40,000. As Bitcoin (BTC) often leads markets,…

Fidelity Joins Race For A Spot Ethereum ETF

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Fidelity, a prominent asset management firm with over $4.5 trillion in assets under management, has formally submitted an application for the establishment of a Spot Ethereum Exchange-Traded Fund (ETF). The decision is a response to the recent action taken by BlackRock, an asset management company, which submitted their application for an Ethereum Exchange-Traded Fund (ETF) last week. Fidelity Is 7th On The List Fidelity Investments has recently positioned itself as the seventh asset management in the United States to pursue the aforementioned product. Based on the SEC’s Form 19b-4 filing,…