Day: November 28, 2023

Coinbase warns customers about subpoena in apparent CFTC Bybit probe

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Coinbase is warning that it has received a subpoena from the United States Commodity Futures Trading Commission (CFTC), according to X (formerly Twitter) users who have posted copies of the message. The CFTC is seeking information about the Bybit cryptocurrency exchange. Recipients have speculated that any Coinbase customer who also used Bybit received the message. Coinbase may provide information on users’ accounts and transaction activities to the CFTC unless the subpoena is reversed by a court by Nov. 30, according to the Nov. 27 message. Dubai-based Bybit stated earlier this…

Binance.US Addresses Troubles Facing Global Exchange

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Binance.US has made it clear that it is distinct from its parent company, stating that it operates independently and is not involved in the recent enforcement settlements against Binance and its Former CEO, Changpeng Zhao. The exchange has emphasized that it is compliant with US regulations despite sharing technology with Binance. In light of the recent developments, Zhao has stepped down from his position as Chairman of Binance.US’s Board of Directors. This decision involves transferring voting rights and relinquishing governance. According to a statement issued by the company on X…

Everyone Needs a Manifesto – CryptoX

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal

Analyst Uses 5200% Impulse Against Bitcoin To Predict XRP Price Surge To $9.6

Crypto analyst CryptoInsightUK has shared his bullish sentiment on the XRP price. He noted that something may be brewing for the token and its ecosystem. Interestingly, he agrees that XRP could rise as high as $9.6. XRP Price Could Replicate 2017 Impulse In a post shared on his X (formerly Twitter) platform, CryptoInsightUK shared a monthly XRP/BTC chart. He noted that XRP’s largest impulse against BTC was around 5,200%, which occurred back in 2017. Analyzing the chart that he shared, he suggested that a similar setup to that time was…

Community-Driven Launchpad for Builders in Web3 Space

Starship enjoy access to a fundraising toolkit necessary for getting investments from venture capital firms and other supporters. Starship, a community-based platform for builders to raise funds, has just launched. In addition to helping with fundraising, Starship will also function as a platform that helps builders with other professional needs. Some of these needs may include consulting and exclusive exposure to other much-needed tools. According to an official publication, the platform is a part of the Ninety Eight ecosystem – a Vietnam-based Web3 coalition formerly known as Coin98 Finance. Starship is…

Solana-Based Dogecoin Rival Rallies After Suprise Listing on Crypto Exchange KuCoin

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A memecoin rivaling the likes of Dogecoin (DOGE) and Shiba Inu (SHIB) built on the Solana (SOL) blockchain is rallying on a new major listing. KuCoin, the sixth largest crypto exchange by trading volume and known for supporting “altcoin gems” listed Bonk (BONK) yesterday on its platform. According to the announcement, BONK trading begins today, with BONK withdrawals being allowed as early as tomorrow. “BONK was launched as a massive Christmas airdrop to the Solana community at the end of 2022, almost marking the exact bottom of Solana’s price & sentiment.…

Analyst Thinks DOT Will Reclaim Former Glory With Polkadot 2.0

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DOT, the native currency of Polkadot, a smart contract platform, remains under pressure, posting sharp losses after soaring to an all-time high of around $55 in 2021. The coin is trading at about $6, volatile but up roughly 45% from 2022 lows, buoyed by the broader recovery across the crypto scene. Will DOT Break Above Immediate Resistance Levels? Despite DOT’s woes, one crypto trader, @Ashcryptoreal, is bullish on the coin’s prospects, pointing to the eventual implementation of Polkadot 2.0, a critical update for the cross-chain network. Taking to X on November 27,…

Future of business through the synthesis of blockchain technology, data and AI

In the current period, blockchain technology is predominantly used for financial transactions. However, there are emerging trends that are redefining the application of blockchains with purposes like fraud detection, AML and supply chain management.  As emerging technologies take a big piece of global attention, all eyes are now on the convergence of blockchain technology, big data and AI. These technologies put together are creating something magical for businesses that helps them perform better.  Furthermore, they are trying to make things cheaper for both the business and the end user. Let’s…