Author: Sophia Hernandez

Article written by Sophia Hernandez

Google announces changes to its crypto advertisements policy

December 11, 2023 1 min read

Google has announced changes to its crypto advertisements policy to improve its advertising standards and protect users from potential crypto investment risks. These updates are focused on Cryptocurrency Coin Trusts, which are financial instruments that simplify the trading of shares in trusts that hold significant amounts of crypto. The changes are intended to provide users with more reliable information while also protecting them from potential risks associated with crypto investments.

Société Générale Ventures into Crypto: Launches Euro-Backed Stablecoin ‘EUR CoinVertible’ on Bitstamp

December 7, 2023 2 mins read

The launch of Société Générale‘s euro-backed stablecoin, dubbed ‘EUR CoinVertible,’ on the Luxembourg-based exchange Bitstamp has made waves in the crypto space. This is a significant entry by a traditional bank into the crypto trading arena, particularly in the stablecoin market, which has previously been dominated by digital asset firms. Stablecoins are digital tokens with traditional currency value that closely track the value of fiat currencies. They play an important

Bitcoin Soars Over $38,000, Triggers $36.88M in Liquidations

December 2, 2023 1 min read

Bitcoin began December on a high note, surging past $38,000 and nearly reaching $38,400, indicating a significant impact on the cryptocurrency market. Around $36.88 million in short positions were liquidated in a 24-hour period, with Binance exchange experiencing the highest liquidation amount at $15.62 million. The current market scenario also indicates the possibility of an additional $500 million in liquidations if Bitcoin’s price fluctuates between $38,300 and $39,000. This suggests

Binance to Discontinue BUSD Stablecoin Services in December

November 30, 2023 1 min read

On December 15, Binance announced that it would no longer support the Binance USD (BUSD) stablecoin. This action follows regulatory challenges faced by BUSD’s issuer, Paxos, earlier this year, which resulted in an order to halt the stablecoin’s minting. Back in August, Binance outlined its phased approach to gradually withdrawing support for the BUSD by February 2024. During this time, users were encouraged to switch to another stablecoin, FDUSD. Notably,

Blur (BLUR) price drops as whales move 7 million BLUR to exchanges

November 27, 2023 1 min read

BLUR, a crypto backed by Paradigm, experienced a surge in whale activity on November 27, with large holders transferring over 7 million BLUR to exchanges like Binance and OKX. This influx of tokens to exchanges suggests a potential increase in supply, leading to reduced demand and subsequently a significant drop in the BLUR price. Market data from Spot on Chain indicates that the price decline followed the movement of tokens

Zipmex Temporarily Shuts Down Trading Services in Thailand

November 25, 2023 1 min read

Zipmex Thailand, grappling with regulatory challenges, has taken a significant step by suspending new deposits and trading on its exchange. The decision, as outlined in a statement on the exchange’s Facebook page, is attributed to the need for compliance with Thailand’s Securities and Exchange Commission (SEC). In clarifying the situation, Zipmex emphasized that withdrawals would continue as usual until January 31, 2024. After this date, customers are advised to reach

KuCoin exchange to delist KAT (KAT), Sakura (SKU), Don-key (KDON), LOCGame (LOCG), Sienna (WSIENNA) and 5 more

November 25, 2023 1 min read

KuCoin cryptocurrency exchange has made a strategic move to enhance compliance by delisting 10 altcoins from its platform. The decision is aligned with KuCoin’s commitment to maintaining quality and compliance, enforced through its Special Treatment Rules. The announcement specified that the delisting of these 10 altcoins is a result of their failure to meet the conditions outlined in KuCoin’s Special Treatment Rules. The objective of these rules is to ensure

Ethereum (ETH) hits $2,100: Will it hit $2,500 soon?

November 24, 2023 1 min read

Ethereum (ETH) recently gained momentum, surpassing the critical $2,050 mark and sparking speculation about a possible rally toward $2,500. However, current market dynamics are raising concerns, particularly regarding Binance’s regulatory challenges following its recent plea deal with the US Department of Justice. Even after a brief retest at $1,930 on November 21, the second-largest cryptocurrency demonstrated strength by breaking through the $2,000 resistance zone and maintaining support above it. ETH

Is Justin Sun, HTX Exchange at Risk of Becoming the Next SBF? Analyst Warns

November 24, 2023 1 min read

The crypto-focused YouTube channel “Discover Crypto” recently raised concerns about the HTX exchange and Tron founder Justin Sun, drawing parallels to the difficulties faced by FTX’s Sam Bankman-Fried. According to the channel, Sun’s business operations may face similar issues as FTX. The host of Discover Crypto expresses concerns about Justin Sun’s management style, implying similar risks to those faced by Sam Bankman-Fried. Sun, who founded the multibillion-dollar Tron blockchain, is

$1.3 billion in user funds withdrawn from Binance following the US Government indictment

November 22, 2023 1 min read

Following the indictment by the US government, Binance saw a staggering $1.3 billion withdrawal of user funds. The surge in withdrawals coincides with the announcement that Changpeng “CZ” Zhao will step down as CEO as part of a $4 billion settlement with the US Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC). It is important to note that the Securities and Exchange Commission (SEC) is not a

Santander Private Banking International Introduces Exclusive Crypto Services for High-Net-Worth Clients in Switzerland

November 21, 2023 1 min read

Santander Private Banking International, a division of Banco Santander, is launching a cryptocurrency trading service in Switzerland for its wealthy clients. This service enables high-net-worth clients to trade and invest in leading cryptocurrencies such as bitcoin (BTC) and ether (ETH), with plans to expand the offering to include additional digital assets in the near future. This novel approach stands out because clients can request the service, and the bank ensures

OpenAI Board Decides to Remove Sam Altman Due to Communication Issues

November 20, 2023 1 min read

The founder of ChatGPT and the face of OpenAI, artificial intelligence pioneer Sam Altman, had an unexpected turn in his career on Friday, November 17, when the OpenAI board decided to remove him from his roles as CEO and director. The action, which was called shocking, was attributed to Altman’s alleged inconsistent communication style. Even though Altman has made significant contributions to OpenAI—the company is currently valued at approximately $80