Day: December 1, 2023

Binance Executes Triparty Agreement to Help Institutional Players Manager Counterparty Risks

This new pilot project from Binance addresses the paramount concern of counterparty risk, while aligning with the risk tolerance of institutional investors. In a groundbreaking move, Binance has accomplished the world’s inaugural cryptocurrency triparty arrangement in collaboration with an undisclosed banking partner, on Thursday, November 30. This pioneering development introduces a unique solution within the crypto space, mirroring traditional financial structures and strategically tailored to meet the requirements of institutional investors. Binance has embarked on a series of pilot projects, introducing a groundbreaking solution not offered by any other cryptocurrency…

Hester Peirce Challenges SEC’s Crypto Enforcement Strategies

When asked about the SEC’s long-term vision for cryptocurrency regulation, Peirce admitted she couldn’t provide a definitive answer but emphasized the importance of adhering to the mandate given by Congress. Hester Peirce, a Commissioner at the US Securities and Exchange Commission (SEC) and also popularly known as ‘crypto mom’, is expressing concerns over the need for a clear strategy in the agency’s approach to enforcement actions in the crypto space. The SEC’s Increasing Crypto Enforcement Actions In a recent fireside discussion at the Blockchain Association Policy Summit in Washington, DC,…

MicroStrategy Increases Its Bitcoin (BTC) Holdings by 10%, Spends Roughly $600M on Asset

Business intelligence firm MicroStrategy (MSTR) may be living up to its reputation as the largest corporate holder of Bitcoin (BTC). Business intelligence firm MicroStrategy Inc (NASDAQ: MSTR) may be living up to its reputation as the largest corporate holder of Bitcoin (BTC). This follows a recent announcement by the company where it claimed to have added 16,130 BTC to its stack of prized assets in November. At the average price of $36,785, the purchase was worth approximately $593.3 million. This means that MicroStrategy now has a total of 174,530 Bitcoins,…

DeFi Protocol Grove Secures $7.9M in Funding for Business Expansion

Boosted by the news of the fundraising, the platform’s native token POKT experienced a notable increase over the past 24 hours.  In a significant move towards bolstering its decentralized finance (DeFi) operations, Grove, formerly known as Pocket Network Inc, has raised $7.9 million from prominent institutional investors, CoinDesk informed on Thursday. According to the report, citing an emailed statement, the investment round garnered support from major venture capital companies, including Fidelity-affiliated Avon Ventures, Placeholder Capital, and Druid Ventures. DeFi Protocol Grove to Expand Its Business Offerings The platform, which provides…

Bitcoin Price Breaks Above $38,000, These Are The Reasons

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The Bitcoin price has risen above $38,000 in the last few hours, and for the first time this year closed a 4-hour candle above this crucial price level – a very bullish sign that BTC could rise further. These are reasons behind BTC’s latest price surge: #1 Anticipation Of Spot Bitcoin ETF Approval The recent uptick in the Bitcoin price can probably be attributed in part to developments around the potential approval of a spot Bitcoin ETF. Bloomberg ETF analyst James Seyffart stated on X, “Okay the window for potential…

Bitcoin Facts | 67 Facts About the #1 Cryptocurrency You Need to Know!

Do you want to be able to impress your friends and family with how much you know about Bitcoin? And, no, I am not talking about the general facts, like how Bitcoin has seesawed from one extreme to the next. The statistics compiled in the infographic below are not the kind of thing that a quick Google search will find for you. They are the result of many hours spent combing through all the data out there, looking for the most up to date, and most useful stats. For example,…

Bitcoin sees best monthly close in 19 months as BTC price taps $38K

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Bitcoin (BTC) returned to $38,000 on Dec. 1 after the November monthly close became its best since April 2022. BTC/USD 1-hour chart. Source: TradingView Bitcoin bears fail to spark monthly close sell-off Data from Cointelegraph Markets Pro and TradingView tracked impressive overnight BTC price performance,which held key support. The close came in at just over $37,700, with bid liquidity preserving the intraday range and avoiding a last-minute sell-off, per order book data from trading resource Material Indicators. BTC/USDT order book data. Source: Material Indicators/X “Monthly close looks pretty good closing…

5 crypto presales investors can explore in 2024

As crypto gears up for what experts expect to be a bullish 2024, pinpointing potent projects can be daunting. This article highlights five cryptos investors can look at next year. Ranking is based on factors such as use cases, market trends, tokenomics, and expert opinions. Meme Kombat Meme Kombat combines meme coins with GambleFi, allowing users to bet on AI-generated battles featuring popular meme characters like PEPE and Dogecoin (DOGE).  MK is the platform’s native token. Additionally, Meme Kombat has a staking mechanism where users can lock their tokens for rewards.  The…

OPNX token spikes 50% after Su Zhu unexpectedly posts a ‘gm’ on Twitter

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Open Exchange Token (OX), the native token of the crypto bankruptcy claims platform OPNX, spiked 50% just 20 minutes after co-founder Su Zhu supposedly posted to X (Twitter) for the first time since his arrest. On Dec. 1, Su posted a simple “gm” — an abbreviation for “good morning” — marking his first X post since Sept. 29, the same day he was arrested at Singapore’s Changi Airport attempting to leave the country. gm — 朱溯 (@zhusu) December 1, 2023 In the 20 minutes after Su’s X post, OX jumped…