Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department’s money laundering and sanctions watchdogs, according to press releases shared Tuesday. Source
A mix of highly influential and controversial characters make up the latest list of the 10 most popular crypto entrepreneurs based on their social media presence, with Binance CEO Changpeng “CZ” Zhao leading the pack in first place and convicted fraudster Sam Bankman-Fried trailing in 10th. The top 10 list was compiled by CoinLedger after shortlisting CryptoWeekly’s 30 most influential people in cryptocurrency in 2023, combined with their respective social media followings to determine the most widely followed crypto personality worldwide. Sitting at the cool kids’ table with CZ are Ethereum co-founder…
Amid all the drama that’s unfolding at OpenAI, reports suggest that Sam Altman won’t rejoin the company, but rather lead the AI research team at Microsoft. Over the last weekend, some major drama unfolded at the artificial intelligence firm OpenAI upon the ouster of company CEO Sam Altman. However, sources familiar with the matter stated that top investors at OpenAI have been pushing to bring back Altman as the CEO. Top supporters of OpenAI, including Microsoft, Tiger Global, and venture firm Thrive Capital, are reportedly involved in an initiative to…
The XRP price has risen by around 6% in the past three days, triggering renewed optimism among investors and analysts. The two analysts Dark Defender and Egrag see the current trend as a turning point. XRP Price Correction Over? Dark Defender has highlighted a key development in the 4-hour time frame, observing the end of a corrective structure and identifying that XRP has reached an oversold area. “We can expect a move to $0.6649 first,” Dark Defender stated, referencing the Fibonacci retracement levels and a 5 Wave Elliott structure that…
This week, crypto’s global market cap dropped from $1.41 trillion to $1.38 trillion. However, several assets bucked the trend, while others succumbed to the bears. Here’s a look at Kaspa (KAS), Render (RNDR) and Cardano (ADA). Kaspa (KAS) Kaspa is one of the biggest gainers this week, sitting third on the list of top weekly gainers among the 100 largest crypto assets on CoinGecko. Launched last year, KAS has continued to reach impressive heights over the past months, with an encouraging momentum recorded recently. KAS price – Nov. 19 |…
It’s been a year since the demise of the FTX exchange — an event that’s now increasingly looking like it was the Bitcoin (BTC), which is up roughly 120% from a year ago. In November 2022, the FTX collapse wiped nearly $300 billion off the market cap, impacting several cryptocurrencies. The ones that suffered the most were tokens with deep financial ties to FTX, including Solana (SOL), Serum (SRM), and the exchange’s own token, FTX Token (FTT). Crypto market capitalization daily price chart. Source: TradingView But a year later, things have not…
Bill Morgan, an XRP advocate, has recently expressed skepticism regarding the lofty price targets for XRP circulating on social media. While the digital asset community is often rife with bullish predictions, Morgan’s realistic outlook presents a grounded perspective on the potential of XRP’s value. The Parabolic Price Move: A Myth Or Reality? Since the significant ruling in the SEC v. Ripple case on July 23, which brought legal clarity to XRP, the asset has seen an uptick in its trajectory. The ruling led to multiple exchanges relisting XRP and forming…
Top US-based crypto exchange platform Coinbase is announcing a new on-chain payments protocol. In a new company blog post, Coinbase says that it’s setting a new standard for on-chain payments that will make them cheaper and faster for consumers. According to Coinbase, the open-source update will ensure “clarity, reliability, and a consistent experience for all users,” greatly enhancing the payment process for both merchants and customers. “At Coinbase we believe that on-chain is the new online. Just like the internet broke down barriers, democratized access to information and made knowledge…
Andrew Breslin clarified that the idea was more about the numbers than the big-name firms that it appears Infura had targetted. Infura, the Web3 infrastructure firm from Consensys, has just entered into multiple partnerships with Microsoft and Tencent. The move, which appears to be in line with its vision of achieving progressive decentralization, also saw it tap 16 other Web2 giants alongside the leading technology giants. Infura to Launch a DIN Infura announced the partnership during a Decentralized RPC Summit in Istanbul on Wednesday. According to the announcement, it will…
The altcoins market has recently witnessed a resurgence of interest and confidence, primarily driven by the largest cryptocurrency, Bitcoin (BTC). This renewed enthusiasm has resulted in a bull uptrend, with most of the top 100 cryptocurrencies benefiting from Bitcoin’s resurgence. However, the market is currently experiencing a correction as Bitcoin and Ethereum (ETH) face pullbacks after failed attempts to breach upper resistance lines. Despite this correction, crypto analyst Miles Deutscher shares insights and highlights several altcoins with potentially significant gains. SOL Emerges As Safe Haven In Crypto Market Correction Solana…