Tag: Nov

Bitcoin Extreme Greed At Levels Higher Than Nov. 2021 Peak, Top Signal?

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Data shows the Bitcoin sentiment has now reached extreme greed levels higher than even those at the price all-time high (ATH) in November 2021. Bitcoin Fear & Greed Index Is Deep Inside Extreme Greed Territory Now The “Fear & Greed Index” is an indicator created by Alternative that keeps track of the general sentiment present among the investors in the Bitcoin and wider cryptocurrency market right now. The metric represents this average sentiment in the form of a score lying in the zero to hundred range. To calculate this score,…

Robinhood crypto trading rises 75% in Nov, CEO tips ‘9 figures’ in revenue

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Crypto-friendly trading platform Robinhood has reported a 75% month-on-month increase in digital asset trading volume in November. In an 8-K filing to the Securities and Exchange Commission on Dec. 4, Robinhood noted that “November Crypto Notional Trading Volumes were roughly 75% above October 2023 levels.” The activity, however, didn’t translate to equity and options contract trading volumes, which were mostly flat compared to October. The bumper month marks a reversal for Robinhood, which revealed a 55% decrease in cryptocurrency notional volumes over the year in its Q3 results filing. As…

Tax services are getting pushy to have crypto declared: Law Decoded, Nov. 27–Dec. 4

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Spain and Brazil are chasing cryptocurrency stored abroad, while the U.K. wants taxes paid for crypto assets that weren’t previously declared. Last week, His Majesty’s Revenue and Customs (HMRC) presented an unpleasant Christmas surprise to hodlers in the United Kingdom, demanding they declare any crypto holdings they failed to report in the last four, six or even 20 years. The disclosure must include “exchange tokens,” such as Bitcoin (BTC), as well as any nonfungible tokens (NFTs) and “utility tokens.” Less harsh in its demands, the Spanish Tax Administration Agency has…

Nov. 26 – Dec. 2 – Cointelegraph Magazine

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Top Stories This Week Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model Asset manager Pando Asset has become an unexpected late entrant into the spot Bitcoin ETF race in the United States. On Nov. 29, Pando submitted a Form S-1 — used to register securities with the agency — to the U.S. Securities and Exchange Commission for the Pando Asset Spot Bitcoin Trust. Like other ETF bids, the trust aims to track Bitcoin’s price with the custody arm of the crypto exchange Coinbase to hold Bitcoin on behalf…

Hodler’s Digest, Nov. 19-25 – Cointelegraph Magazine

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Top Stories This Week US officials announce $4.3B settlement with Binance, plea deal with CZ Binance and its co-founder, Changpeng “CZ” Zhao, have reached a settlement over criminal and civil cases with the United States Department of Justice. CZ will plead guilty to one felony charge as part of the negotiated agreement. Attorney General Merrick Garland announced the settlement, claiming Binance’s policies allowed criminals involved in illicit activities to move “stolen funds” through the exchange. As part of the settlement, CZ announced on X (formerly Twitter) that he had stepped…

US regulators continue to discuss crypto: Law Decoded, Nov. 13–20

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The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion received an education in the uses of blockchain technology in a hearing titled “Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets.” The meeting began with a discussion of Hamas’s use of crypto for fundraising. However, the committee’s Chair, Representative French Hill, declared that as “phone and the internet aren’t to be blamed for terror financing,” crypto shouldn’t be either. The witnesses, including representatives from Consensys and Chainalysis, spoke about the need for…

Hodler’s Digest, Nov. 12-18 – Cointelegraph Magazine

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Top Stories This Week Sam Altman ousted from OpenAI, CTO Mira Murati named interim CEO ChatGPT developer OpenAI removed founder Sam Altman from his CEO position on Nov. 17. Chief technology officer Mira Murati is now serving as interim CEO. According to a blog post, the board of directors engaged in a “deliberative review process,” which resulted in the conclusion that Altman “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” Shortly after, OpenAI co-founder and president Greg Brockman revealed his exit…

Hodler’s Digest, Nov. 5-11  – Cointelegraph Magazine

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Top Stories This Week CME overtakes Binance to grab largest share of Bitcoin futures open interest Bitcoin’s futures market is showing an interesting shift as global derivatives marketplace the Chicago Mercantile Exchange (CME) has surpassed Binance in terms of Bitcoin futures open interest. This change occurred after Bitcoin exceeded the $37,000 mark for the first time in over 18 months. However, James Seyffart, a research analyst at Bloomberg Intelligence specializing in exchange-traded funds, questioned whether the increasing open interest in Bitcoin futures on CME would address historical concerns of the…

Aave DAO to consider security patches after Nov. 4 market freeze

A coalition of Aave contributors and web3 developers put forth a proposal to address vulnerabilities discovered in two versions of defi’s largest lending protocol which prompted a halt on select markets. The proposal from BGD Labs suggested changes to Aave’s v2 deployment on Ethereum and Aave v3 on Arbitrum, Avalanche, Optimism, and Polygon blockchains. If backed by the protocol’s community, the proposal would implement updates for stable borrow paraments set for tokens with stable debt. Furthermore, Aave would shutter minting new stable debt tokens to provide additional security to its…

Sam Bankman-Fried convicted, PayPal faces SEC subpoena, and other news: Hodler’s Digest, Oct. 19 – Nov. 4

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Sam Bankman-Fried is found guilty of fraud, other crimes; PayPal receives subpoena from the U.S. SEC, and Invesco Galaxy’s spot Bitcoin ETF joins DTCC website. Top Stories This Week Sam Bankman-Fried found guilty, what’s next for the crypto king? Former FTX CEO Sam Bankman-Fried was found guilty of all seven charges by a jury in his criminal trial in New York after about four hours of deliberation. He was convicted of two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of…