Day: December 8, 2023

Kazakhstan bans Coinbase amid larger controversy

Coinbase faces a money laundering investigation in Kazakhstan as the country expands its crypto industry crackdown. Coinbase, the largest cryptocurrency exchange in the United States, has become the target of an investigation in Kazakhstan on allegations of money laundering, according to a recent report by local news outlet Kursiv. The Ministry of Culture and Information in Kazakhstan has confirmed blocking major cryptocurrency exchange Coinbase in the country, citing local digital asset regulations violation. Meanwhile, the government has quietly unblocked access to global trading platforms Interactive Brokers and the New York…

Web3 protocol Blast reaches $823M TVL despite bugs and controversy

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Web3 protocol Blast has reached $823 million in total value locked (TVL) just weeks after its controversial launch in mid-November, with a 26.5% gain over the past seven days, according to data from DefiLlama.  Behind Blast’s speedy growth is its unique business model. The protocol is a scaling solution for the Ethereum network and offers native yields to users who stake their funds. Users staking are promised a 4% yield on Ether (ETH) and a 5% yield on stablecoins. However, the protocol’s emergence has been marked by challenges and unpopular developments.…

Chainlink Becomes Long-Heavy As Price Clears $16: Top Here?

Chainlink has seen long contracts pile up on Binance during the past day, which may lead toward a top for the cryptocurrency. Chainlink Funding Rate On Binance Has Turned Highly Positive According to data from the on-chain analytics firm Santiment, the Chainlink funding rate on Binance has now reached the highest level in about four weeks. The “funding rate” refers to the periodic fee that derivative traders on any given platform are exchanging with each other right now. When the value of this metric is positive, it means that the…

Bitcoin (BTC) Price May Pull Back to $40K; ADA, ALGO, SOL Lead Crypto Gains

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Dogecoin Above $0.1? Crypto Analyst Lists Reasons Why DOGE Price Will Continue To Rally

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Dogecoin (DOGE) has been up close to 75% in the last 45 days and if one analyst’s projection is anything to go by, this rally isn’t coming to an end anytime soon. This comes at a time when many are hoping that DOGE can hit the $0.10 mark and possibly reach new highs.  Why DOGE’s Future Is Bullish  In a video posted on his YouTube Channel, crypto analyst Austin Hilton highlighted Dogecoin’s significant gain in the last 45 days and discussed the future trajectory of the meme coin. Austin sounded…

BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, LINK, MATIC

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This week Bitcoin (BTC) price saw a shallow pullback, but the intra-day rally to the $44,000 level is an indication that the bulls are not hurrying to close their positions. Data from the popular HODL Waves metric shows that investors who purchased Bitcoin between December 2020 and December 2021 have been sitting on their coins. Investors have not been selling into strength because they anticipate higher levels in the future. Asset manager VanEck said in its crypto predictions for 2024 that Bitcoin would make a new all-time high, buoyed by…

Taiwan central bank completes wholesale CBDC study, plans next steps

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Taiwan’s central bank has completed a feasibility study of wholesale central bank digital currency (CBDC) and is continuing to consider its introduction. The central bank is seeking feedback from businesses and academics and will continue to work on platform design, Deputy Governor Mei-lie Chu said on Dec. 7.  In a lengthy speech at an event for bankers, Chu outlined what she called Banking 4.0, or “services embedded in customers’ daily lives,” including the integration of artificial intelligence and advanced mobile and digital technology into banking. She devoted about half of…

Nirvana bassist Krist Novoselic led failed shareholder proposal asking Microsoft to study AI safety

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Krist Novoselic, co-founder and bass guitarist for the seminal rock band Nirvana, recently led a shareholder proposal presentation urging Microsoft to reevaluate its approach to generative artificial intelligence.  Called Shareholder Proposal 13: Report on AI Misinformation and Disinformation, per a press release, the proposal was submitted by Arjuna Capital “on behalf of Krist Novoselic” and several other shareholder groups. “Novoselic, co-founder and band member of Nirvana, will present the proposal citing concerns that Microsoft has not fully considered the business and societal risks of generative AI amid its rapid deployment…

Digital Asset Brokerage Nonco Raises $10M Seed Funding Led by Brian Brook’s Valor Capital and Hack VC

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…