Day: November 26, 2023

How to buy Bitcoin and Ethereum in the UK

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To navigate the process of buying Bitcoin effectively, it is essential to explore secure options. In the United Kingdom, acquiring cryptocurrencies is legal, yet it can pose challenges, as the government underscores the need to comprehend the associated risks.  For an effective traversal of the crypto landscape, investors should follow key steps, including choosing the right crypto exchange or broker, setting up a secure wallet and making informed decisions regarding payments and orders. This article examines how to purchase Bitcoin (BTC) and Ether (ETH) in the U.K. while offering information…

What’s next for Binance’s Changpeng “CZ” Zhao

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A recent court filing suggests that Changpeng “CZ” Zhao’s legal challenges are just beginning, despite pleading guilty to violating the United States Anti-Money Laundering requirements in a settlement with the Department of Justice.  Zhao is expected to be sentenced in February 2024. He is currently challenging the government’s efforts to prevent his return to the United Arab Emirates (UAE) while awaiting sentencing with his family. In a filing from Nov. 24, however, authorities indicated that he may face a harsher punishment than initially anticipated: “The defense claims that Mr. Zhao…

How Indexed Finance Foiled Two Treasury Hijack Attempts

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In an interesting line of events, Ethereum-based DeFi project Indexed Finance recently faced and triumphed over a dual hijack attempt of the protocol DAO’s treasury. Following this development, the project’s founders will now re-assume control from the DAO. In a thread on X on Saturday, Laurence Day, a former executive at Indexed Finance, shared two failed hijack attempts targeted at the treasury of the project’s DAO, which is currently valued at  $120,000. According to Day, both attackers purchased a high amount of Indexed’s native token – NDX and attempted to…

Analyzing Galaxy Fox’s presale: what you should know 

An initial coin offering (ICO) is a fundraising method in which a startup sells a new crypto to raise funds. Investors receive tokens in exchange for their financial contributions.  In many ways, an ICO is the crypto equivalent of an initial public offering (IPO). Investing in crypto ICOs is popular due to their potential for high returns. Early investors often benefit from lower prices, and some projects even offer bonuses. Several projects, such as Ethereum, Cardano, and Tezos, emerged through ICOs. In today’s market, one new ICO project, Galaxy Fox…

‘Rich Dad Poor Dad’ author reiterates Bitcoin investment

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Gold’s recent push to an all-time high price is “great news,” according to author Robert Kiyosaki, who once again urged investors to put their money in the precious metal as well as Bitcoin (BTC). The Bitcoin proponent and acclaimed author of the popular personal finance book “Rich Dad Poor Dad” took to social media, where he has a following of over 2.4 million, and name-dropped Bitcoin as a worthy investment pathway. Great News Gold reaches new high. Bad News: Workers and savers are losers. Bad News: been saying the same…

With the right tools, Solana can be the incubator for defi 2.0

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The eyes of the world are on the trial of FTX founder and former crypto poster-child Sam Bankman-Fried, who has morphed into a symbol of the worst excesses of the last crypto bubble. But the media circus that surrounds proceedings is more true-crime series than legitimate commentary on decentralized finance. It is true that defi has been on a roller coaster over the past several years. The…

Whales Move $30 Million Worth Of XRP To Exchanges

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XRP could witness a massive selloff in the coming days, as shown by on-chain transfer data. According to transaction alerts from crypto whale tracker Whale Alerts, two whale-sized transactions involving XRP have recently made their way onto cryptocurrency exchanges Bitso and Bitstamp, prompting investors to ponder the reasons behind the transactions and speculate on possible outcomes. Massive transfers by whales can often increase selling pressure if they sell and take profits, which could cascade into the price of the asset, even if only temporary. Whale Transfers 50 Million XRP To…

Rebel Satoshi rising, Shiba Inu and PEPE shaky 

RBLZ sold 10m tokens in 48 hrs Shiba Inu’s burn rate increased by 60%, but on-chain analysis indicates a downside trend PEPE transferred 418 billion tokens to Binance, triggering a 47% gain in a month. As the crypto sphere evolves, new players emerge aiming to reshape decentralized finance (defi). In this overview, we delve into three distinct projects: Rebel Satoshi (RBLZ), Shiba Inu (SHIB), and PEPE (PEPE).  Rebel Satoshi driving decentralization Rebel Satoshi is a new crypto promoting decentralization.  The token has sold 10 million RBLZ in the first 48 hours of…

BLUR Clears The Way With 80% Blowout

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The prior week’s notable increase in options trading and derivatives activity made the market look positive. When the price of Bitcoin surpassed $38,000 and set a new record for 2023, buyer interest in the top altcoins increased.  As a result, a cryptocurrency that was already trending higher, like BLUR, saw significant price increases. This increase raises concerns about these cryptocurrencies’ ability to sustain their momentum over the coming week. BLUR is the native token of the same-named non-fungible token (NFT) platform. In the world of cryptocurrencies, BLUR is becoming increasingly…

Binance CEO exits, Kraken sued, HECO hacked

This week, Binance agreed to a $4.3 billion settlement and saw founder Changpeng Zhao exit as CEO; the U.S. SEC levels charges against Kraken; and HECO Bridge, another venture affiliated with Justin Sun, suffered an $85 million hack. Binance troubles On Nov. 20, the U.S. Department of Justice (DoJ) proposed a $4 billion settlement with Binance, addressing allegations related to money laundering and sanction violations. Binance founder Changpeng Zhao resigned due to the criminal charges. Uncertainty regarding extradition emerged, as Zhao currently resides in the United Arab Emirates. Binance’s influence…