Day: December 18, 2023

Zcash founder Zooko Wilcox steps down from Electric Coin, naming new CEO

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Zooko Wilcox is stepping down as the CEO of Electric Coin Company, the team behind privacy-focused cryptocurrency Zcash (ZEC). ECC announced a change in leadership on Monday, with Josh Swihart promoted to replace Wilcox. Picture of Wilcox speaking about the history of privacy on the internet. Source: ECC Swihart previously worked at ECC as one of the firm’s vice presidents of growth from October 2018 to August 2023 but took four months off working as a part-time investor at investment services firm Denver Angels in Colorado, according to LinkedIn. “We…

Crypto New Year heats up as ‘bull market of century’ awaits

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors eye Galaxy Fox ($GFOX) in 2024’s bull market, with GameFi and memecoins leading the charge for 100x returns. The New Year heats up as investors prepare for 2024, and the bull market of the century awaits. Plenty of tokens are expected to rise 100x, bringing new crypto millionaires to the cryptocurrency space. Investors can’t afford to miss this cycle, as it’s likely to be the last chance to…

Machine Learning Algorithm Predicts When Cardano Price Will Hit New $6.5 ATH

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The machine learning algorithm at CoinCodex has predicted when the Cardano price will reach a new all-time high. The coin which has been performing quite well in the last few weeks is still miles away from its current all-time high of $3.1. However, the machine learning algorithm has revealed when it will cross this level once more. Cardano Price Will Hit $6.5 According to the CoinCodex machine learning algorithm, the Cardano price may be locked into years of performing below its 2021 all-time high prices before finally revisiting It around…

A closer look at Unstoppable Domains’ .com integration

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Unstoppable Domains — a prominent provider of Web3 domains — recently expanded its offerings by incorporating traditional “.com” addresses.  This move marks the first instance of merging conventional Web2 domains with the evolving Web3 domain space. This integration aims to seamlessly connect the existing web infrastructure with the new, allowing users to engage with both types of domains on a single platform. Integrating .com domains with blockchain technology goes beyond a technical achievement; it’s an effort to enhance user adoption and streamline the overall user experience. The well-established familiarity of…

Key Factors That Bitcoin Needs To Keep Bullish Momentum

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Amid the bearish impression circling the cryptocurrency market lately, a prominent crypto analyst has revealed a recent trend for Bitcoin (BTC), which will help bolster the continuation of its price rally. What Bitcoin Needs To Sustain And Expand Its Rally A cryptocurrency analyst known as Ali recently shared this crucial information with the entire cryptocurrency community on December 18, 2023. The analyst took to X (formerly Twitter) to highlight what Bitcoin needs to maintain its upward trajectory. Ali said the crypto asset experienced a dip in network growth over the…

US court approves settlement against Binance, firm to pay $2.7B to CFTC

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A United States court has entered an order against crypto exchange Binance and its former CEO, Changpeng “CZ” Zhao, that will see Binance pay $2.7 billion and CZ pay $150 million to the Commodity Futures Trading Commission (CFTC). In a Dec. 18 statement, the CFTC announced that the U.S. District Court for the Northern District of Illinois had approved the previously announced settlement and concluded the enforcement action first issued by the CFTC in November.  “The court finds Zhao and Binance violated the Commodity Exchange Act (CEA) and CFTC regulations,…

Coinbase appeals SEC rulemaking petition denial as promised

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Coinbase is continuing its efforts to ensure adequate legislation on cryptocurrency used as securities. After the United States Securities and Exchange Commission (SEC) denied Coinbase’s petition for rulemaking on cryptocurrency on Dec. 15, the crypto exchange appealed the decision on the same day. Coinbase chief legal officer Paul Grewal promised immediate action as soon as the SEC’s denial became known. On Dec. 18, the U.S. Third District Court of Appeals ordered the SEC to file the record of its decision by Jan. 24, 2024. In its appeal, Coinbase documented the…

Best altcoins for users looking to diversify crypto portfolios in 2023

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto is dynamic with new trends and prospects. As the possibility of an altseason looms, investors and enthusiasts are eager to identify altcoins that could gain traction in the market. While established players like Ethereum (ETH) and Dogecoin (DOGE) continue to hold their ground, emerging contenders like ApeMax and Cardano (ADA) are also attracting attention. Ten altcoins buyers can examine in 2023 Ethereum is the second-largest cryptocurrency after Bitcoin by market capitalization.…

Crypto Founder Predicts XRP Price Will Hit $22, Here’s When

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A crypto founder recently gave his opinion on the future trajectory of the XRP price, and XRP holders will like this one as he predicts that the crypto token will hit $22. He also gave a timeline of when it will hit this price level. When XRP Price Will Hit $22 In a YouTube interview with Zach Rector, Patrick Riley, the founder of Reaper Financial, mentioned that XRP will hit $22 at the peak of the next bull run. He further stated that the crypto token will hold above $10…

UK plan on digital securities sandbox laid before Parliament

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The United Kingdom Financial Services and Markets Act’s provisions on a digital securities sandbox are scheduled to come into force in January 2024 after being presented to Parliament. In a Dec. 18 publication, the U.K. government announced the Digital Securities Sandbox (DSS) regulations of the 2023 Financial Services and Markets Act, which were laid before Parliament, paving the way for crypto firms to test products and services in the country. According to the government, the regulations will take effect on Jan. 8, with the Bank of England and the U.K.…