Day: November 22, 2023

Binance Unveils Winning Design of Pierre Gasly’s Helmet for Abu Dhabi Grand Prix

Along with its collaborative commitment to encouraging creativity and engaging fans, Binance, in partnership with Gasly, offered users and fans the exclusive Pierre Gasly Experience. Binance, the leading global blockchain ecosystem announced the triumphant design for the helmet of BWT Alpine F1 Team driver Pierre Gasly at the upcoming Abu Dhabi Grand Prix on November 26, 2023. The design competition, open to Binance users and F1 enthusiasts worldwide, encouraged participants to showcase their creativity by submitting helmet designs between August 23 and September 8, 2023. The judging panel, consisting of…

Ripple Integration With ISDA Ushers In $1.2 Quadrillion Market, Can XRP Breach $100?

XRP, the native token of Ripple, is poised to take part in a $1.2 quadrillion derivatives market following Ripple’s integration into the ranks of the ISDA ushers.  XRP To Enter The $1.2 Quadrillion Derivatives Market Earlier in August 2023, Ripple, a crypto payments solution, announced its membership with the International Swaps and Derivatives Association (ISDA). The strategic move came as a pleasant surprise to XRP community members, as it positioned XRP to fully partake in the massive $1.2 quadrillion derivatives market.  Ripple’s entry into this prestigious club is seen as…

SEC’s Upcoming Closed-Door Meeting Fuels Speculation of Potential Settlement with Ripple

Despite the legal victories of Ripple, the court recently issued an order concerning the remedies phase of the lawsuit. As the United States Securities and Exchange Commission (SEC) gears up for a closed-door meeting, crypto community members are abuzz with anticipation for a potential settlement of the longstanding legal battle between the SEC and Ripple. According to the official announcement, the expected participants for the closed-door meeting are top SEC commissioners, counsels, secretaries, and essential staff. The meeting, scheduled for Thursday, November 30, will be held at the SEC’s headquarters…

Coinbase Takes Spotlight Following Binance’s Regulatory Woes

Legal experts, including Ripple lawyer John E. Deaton, share Armstrong’s optimism, speculating that Coinbase will be a significant beneficiary of Binance’s regulatory challenges. Recent developments have thrust Coinbase Global Inc (NASDAQ: COIN) into the spotlight, positioning it as the frontrunner following regulatory challenges faced by its main rival, Binance. The collapse of FTX had already reshaped the crypto industry, and now, with Binance capitulating to the United States Department of Justice (DoJ), Coinbase seems poised to take advantage of the shifting tides. Coinbase’s Strategic Advantage The turning point for Binance…

Crypto Traders Unmoved by Binance’s Guilty Plea, Remain Bullish on Bitcoin

A high-profile situation that eventually led to CZ leaving his role as CEO of Binance has not distracted traders from their interest in Bitcoin. Crypto traders appear to be unbothered about the industry-shaping events of the last 24 hours. On Tuesday, November 21, reports circulated that both Binance exchange and its chief Changpeng “CZ” Zhao had agreed to a criminal settlement that would see the exchange pay $4.3 billion in fines.  However, such a high-profile situation that eventually led to CZ leaving his role as CEO of Binance has not…

Germany’s Bold Leap into Cryptocurrency Recognition

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In an unexpected move that could reshape the financial terrain, Joana Cotar, a member of the German Bundestag, has put forward the idea of recognizing Bitcoin as legal tender in Germany. This revelation, occurring amid a global surge in cryptocurrency interest, suggests Germany’s potential leadership in adopting decentralized digital currency at a governmental level. The implications extend beyond cryptocurrency, indicating a broader shift in economic ideology—one that aligns with the principles of proactive economic policies. A Distinct Focus on Bitcoin: Shaping a New Financial Narrative Cotar’s initiative, labeled “Bitcoin in…

Binance, Binance, Binance

Following the news, Binance saw over $950 million in net outflows over the past 24 hours. “There are constant hourly net outflows of bitcoin and stablecoins after the CZ’s resignation announcement,” Hochan Chung, head of marketing at CryptoQuant, told CoinDesk. “However, compared to the total reserves of Binance, the current volume is not yet significant at all.” Binance is set to continue operating as usual and make a “complete exit” from the U.S market. The withdrawals are above average, but not unusually large on a weekly basis, an analysis of…

Has Bitcoin Reached “Euphoria” Yet? What On-Chain Data Says

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Here’s what on-chain data says regarding if the latest Bitcoin rally has hit the overheated “euphoria” stage where past bull runs topped out. Bitcoin Percent Supply In Profit Has Now Hit The 83% Mark In its latest weekly report, the on-chain analytics firm Glassnode has discussed about the “euphoric” BTC phase from the angle of investor profitability. Euphoria basically refers to that period of the market where the investors have started embracing greed and the rally is becoming heated. Historically, the major rallies in the asset have attained their tops…

Oliver von Landsberg-Sadie Quits Crypto Banking Firm BCB Group

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