Day: November 29, 2023

Changpeng Zhao Steps Down as Chairman of Binance.US

In a significant development on Tuesday, November 28, Changpeng Zhao (CZ), the founder and former CEO of Binance, has decided to step down as chairman of the board for Binance’s US affiliate. Binance.US made this announcement through a tweet, clarifying that the US affiliate was not part of the recent substantial multibillion-dollar settlement between Binance and various US regulators and law enforcement entities. As part of this move, Zhao will transfer his voting rights to a proxy. In their announcement, Binance.US stated that it remains fully operational. The official tweet…

Bitcoin (BTC) Price Teases $38K Again as Fed Members Publicly Disagree on Economic Outlook 

Bitcoin price is likely to push higher in December despite the regulatory pressure in the United States as the Fed struggles to lower inflation to 2 percent. The Bitcoin (BTC) narrative as a global reserve currency is fast catching up with poor monetary policies around the world. In the past 24 hours, Bitcoin price edged 2.2 percent higher to revisit this year’s all-time high of around $38,377. More institutional investors in the United States are pushing for the approval of spot Bitcoin exchange-traded funds (ETF) despite the regulatory hurdles. On…

Philippines Security Regulator Warns Binance Is Operating Without a License

“Those who act as salesmen, brokers, dealers or agents, representatives, promoters, recruiters, influencers, endorsers, and enablers of Binance in selling or convincing people to invest in its platform within the Philippines, even through online means, may be held criminally liable under Section 28 of the Securities Regulation Code,” it said in the notice, warning of fines of 5 million Philippine Pesos ($90,000) or up to 21 years in jail. Source

Bonds and Stocks vs. Cryptocurrency

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When it comes to investing, bonds, stocks, and cryptocurrency are three popular options that individuals consider. Each of these investment vehicles offers unique features and carries its own set of risks and rewards. In this article, we will delve into the characteristics of bonds and stocks compared to cryptocurrency to provide a comprehensive understanding of these investment choices. Bonds Bonds are fixed-income securities that represent debt obligations issued by corporations, municipalities, or governments to raise capital. Investors who purchase bonds are effectively lending money to the issuer in exchange for…

LUNC Up 70% – Temporary Spike Or Sustainable Climb Ahead?

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Terra has stirred considerable attention of late, experiencing an impressive surge in prices that has left market observers intrigued. The catalyst behind this upward trajectory can be largely attributed to notable advancements within the Terra Ecosystem. A recent substantial capital infusion likely instilled significant confidence among investors, acting as a driving force behind the recent upswing in LUNC prices. Examining The Factors Behind LUNC’s Meteoric Surge In the last month, LUNC has been on quite a ride, marking an impressive 90% surge in its value. This has triggered discussions, prompting…

Ethereum donations top Save the Children HODL Hope Campaign

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An ongoing crypto donation campaign dedicated to improving the lives of children worldwide has received over $7.6 million to date, half of which was donated in Ether (ETH).  Philanthropic foundation Save the Children’s HODL Hope Campaign remains nearly $2.4 million short of the $10 million it intends to collect by the end of 2023. ETH represented 50%, or $3.83 million, of the $7.6 million raised in crypto donations at the time of writing. Total crypto (in U.S. dollars) for Save the Children’s HODL Hope Campaign. Source: hodlhope.org Bitcoin (BTC) donations…

ICO reprimands council for disclosing domestic abuse victim’s details to ex-partner

The Information Commissioner’s Office (ICO) has issued a reprimand to Charnwood Borough Council after it disclosed the new address of a domestic abuse victim to her ex-partner. The ICO has called on other organisations to learn lessons from the incident to ensure they are not at risk of making the same mistake. They should make sure: Alerts are put on files if staff need to be especially vigilant when someone is a vulnerable service user A proper process is in place for address changes Data protection training is carried out,…

Zipmex proposes to pay creditors 3 cents per dollar

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Embattled Thai crypto exchange Zipmex is offering its creditor 3.35 cents per dollar of initial claims with further payouts in a recovery scenario. The proposal came as a part of the restructuring offer from a company that owes its customers $97 million.  According to a Bloomberg report on Nov. 29, Zipmex could raise the sum from 3.35 cents per dollar to 29.35 cents per dollar “contingent on the recovery.” However, major creditors are reportedly against the proposed scheme and demand an independent review of the company’s liabilities. Marcus Lim, the…

Crypto mining firm Phoenix Group delays share listing date

Cryptocurrency miner Phoenix Group has delayed its listing on the Abu Dhabi Securities Exchange. Bitcoin (BTC) mining firm Phoenix Group has moved the date for going public on the Abu Dhabi Securities Exchange (ADX). According to a press release published on Nov. 28, 2023, the firm has rescheduled the listing date to Dec. 5, 2023, the UAE’s National Day. The UAE-headquartered firm noted that despite the delay, it anticipates “a warm reception from investors.” “This alignment with our national festivities affirms our deep respect for the UAE’s heritage and commitment…