Day: November 21, 2023

CZ, Buterin, Dorsey top crypto social media popularity charts as SBF clings to 10th place

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A mix of highly influential and controversial characters make up the latest list of the 10 most popular crypto entrepreneurs based on their social media presence, with Binance CEO Changpeng “CZ” Zhao leading the pack in first place and convicted fraudster Sam Bankman-Fried trailing in 10th. The top 10 list was compiled by CoinLedger after shortlisting CryptoWeekly’s 30 most influential people in cryptocurrency in 2023, combined with their respective social media followings to determine the most widely followed crypto personality worldwide. Sitting at the cool kids’ table with CZ are Ethereum co-founder…

Solana Captures Institutional Investors’ Attention, Inflows Rise To $135 Million

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Solana has held its stance among altcoins, registering inflows more than any other cryptocurrency besides Bitcoin last week.  Institutional investment products have witnessed consecutive eight weeks of inflows, with some cryptocurrencies receiving a greater amount of inflows than others. According to the new CoinShares report on digital asset funds, the majority of this money went into Bitcoin products as the crypto continues to attract investor interest in light of recent developments in the crypto industry.  Solana Gains Momentum Among Institutional Investors Solana has been on an incredible run this year,…

Fed Minutes May Have Been Overtaken by Events, May Be a Non-Event for Bitcoin (BTC)

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“Minutes from the November FOMC meeting may be most revealing regarding Fed officials’ attitude toward financial conditions,” Citi analysts wrote on Nov. 19. “In October, Chair Powell and his colleagues argued that higher 10-year Treasury yields would substitute for further policy rate hikes. But as financial conditions have loosened, the response has been asymmetric, with little push-back against lower rates and higher equity prices.” Original

Binance Possible $4B Civil Settlement in US Ignites BNB and Bitcoin Bulls

BNB price has gained about 6.4 percent in the past 24 hours to trade around $262 as the charges filed by the DoJ are believed to be finalized by the end of this month. Amid the ongoing altcoin recovery, Binance’s native coin BNB has enjoyed a much-needed recovery, thus invalidating the possible replay of the FTX scenario. Binance Holdings Ltd., a leading cryptocurrency exchange that has invested heavily in the Bitcoin network and the web3 ecosystem, is looking at a possible settlement with the United States, according to a recent…

Crypto community responds to Kraken lawsuit, Deaton slams ‘dishonorable’ Gensler

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The crypto space has been making its feelings known about the latest blow from regulators in the United States, a lawsuit filed by the Securities and Exchange Commission (SEC) against crypto exchange Kraken.  The lawsuit was filed on Nov. 20 based on the SEC’s allegations that Kraken has been operating as an unregistered exchange, broker, dealer and clearing agency and claiming that it is mixing customer assets with its own. Since the news broke, the crypto community on social media, Kraken executives and prominent lawyers have been vocal in expressing their…

Statement regarding the outcome of the Independent External Review of Lancashire Police’s handling of the Nicola Bulley case

John Edwards, Information Commissioner said: “It’s important that lessons can be learned from this tragic case, particularly around what information can be shared during a fast-paced investigation. “What should be clear from this report, which we contributed to, is that there are stringent laws protecting how personal information is used and shared in the UK. Police must demonstrate that sharing personal information is proportionate and necessary to protect the public and investigate crime.” “Our thoughts remain with Nicola Bulley’s family and friends”. Source

Bitcoin’s current price is ‘insufficient’ to motivate holders, Glassnode says

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Although the volume of Bitcoin supply in profit has hit levels last seen in 2021, it is still ‘far insufficient to motivate long-term holders,’ analysts say. While Bitcoin (BTC) is trying to reach the $40,000 mark, analysts at Glassnode say the crypto so far does not have enough momentum to motivate long-term holders to unload their bags. In a new digest published on Nov. 21, Glassnode noted that with the recent spike of Bitcoin’s price, over 16.3 million BTCs are now in profit (~83.6% of the circulating supply). This figure…