Browsing:Crypto News

Swiss Firm Pando Asset Joins Race for U.S. Bitcoin ETF
5 months ago 1 min read

Swiss firm Pando Asset Files for Bitcoin ETF, Analyst Worry about the Impact

Pando Asset, a Swiss asset manager, has entered the race for a Bitcoin exchange-traded fund (ETF) in the United States, indicating the continued surge in interest in such offerings. On November 29, the company submitted its bid, aiming to establish a fund that mirrors Bitcoin price movements, with Coinbase managing the Bitcoin holdings. Pando Asset is now the 13th contender seeking approval from the US Securities and Exchange Commission (SEC) for a Bitcoin ETF, joining major players such as BlackRock, ARK Invest, and Grayscale. On the same day, investment firm BlackRock was in discussions with the SEC about its own

AntPool to Return $3 Million Bitcoin Transaction Fee
5 months ago 1 min read

AntPool to Return $3 Million Bitcoin Transaction Fee

Bitcoin mining cooperative AntPool has decided to refund last week’s record-breaking $3 million transaction fee, subject to user verification. A user unintentionally paid an exorbitant fee, setting a new USD record for a single Bitcoin transaction. On November 23rd, a user submitted 83 BTC as a gas fee, prompting AntPool’s risk control system to freeze the fee during transaction packaging temporarily. To receive the refund, the original owner of the funds must use a signing tool such as Electrum or Bitcoin Core to verify their identity and send the signed text to AntPool’s support email address before December 10, 2023.

Crypto Whales Flock to InQubeta (QUBE), Celestia (TIA), Solana (SOL), and Cardano (ADA) for Big Investments
5 months ago 1 min read

InQubeta (QUBE), Celestia (TIA), Solana (SOL), and Cardano (ADA) Emerge as Whales’ Favorites in Crypto Investments

According to recent on-chain data, large-scale investors, known as “whales,” are actively engaging with promising crypto projects. Notable projects attracting attention include InQubeta (QUBE), Celestia (TIA), Solana (SOL), and Cardano (ADA), all of which present appealing options for long-term gains. QUBE (InQubeta): InQubeta stands out for its innovative approach to facilitating financial access for AI startups in the cryptocurrency space. InQubeta has captured whale interest, as evidenced by the success of its ongoing QUBE presale, which has raised over $5.3 million. The project’s NFT marketplace, which facilitates equity-based NFTs for AI startups, adds to its appeal, as do opportunities for

Binance exchange announced that it would no longer support the Binance USD (BUSD) stablecoin.
5 months ago 1 min read

Binance to Discontinue BUSD Stablecoin Services in December

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, Binance is making the conversion free of charge. Despite Binance’s decision, Paxos has assured users that BUSD will be supported and redeemable until at least February 2024, as stated in

Dogecoin (DOGE) memecoin has reached a significant milestone, surpassing 5 million addresses
5 months ago 1 min read

Dogecoin (DOGE) Surpasses 5 Million Addresses

Dogecoin (DOGE) memecoin has reached a significant milestone, surpassing 5 million addresses, according to on-chain analytics firm IntoTheBlock. This achievement is accompanied by notable increases in completed transactions and active addresses on the DOGE network. Over the last 10 days, the number of completed transactions has experienced an extraordinary 1,000% surge, reaching an all-time high. Concurrently, the quantity of active addresses on the network has nearly doubled, totaling 168,000—a peak not witnessed since March 2022. While these metrics showcase the growing prominence of DOGE, a persistent concern revolves around the issue of concentrated ownership. With fewer than 5,000 addresses controlling

Can Bitcoin (BTC) reach $40,000 before December?
5 months ago 1 min read

Can Bitcoin (BTC) reach $40,000 before December?

Despite significant volatility throughout the year, Bitcoin has recovered a significant portion of its losses from the 2022 market crash. Bitcoin’s price is currently over $38,200, representing a 130% increase from its value on January 1, 2023. While this recovery is noteworthy, crypto has recently experienced fluctuations. Some market analysts believe Bitcoin’s current rise is only the beginning and that it will soon reach new highs. The impending halving and the potential approval of a spot Bitcoin ETF in the United States are cited as potential catalysts for the next bull run. Analysts have noticed an interesting trend in Bitcoin

Binance is in hot water in the Philippines after the country's SEC revealed that the platform has been operating without approval
5 months ago 1 min read

Binance Faces Regulatory Heat in the Philippines: SEC Warns Public About Unlicensed Operations

Binance crypto exchange is in hot water in the Philippines after the country’s Securities and Exchange Commission (SEC) revealed that the platform has been operating without the necessary approval or license. In a public warning issued on November 28, the SEC clarified that Binance lacks authorization to sell securities in the Philippines. According to the SEC, any exchange, including Binance, must register with the agency and provide information about the securities it intends to offer to the public. This includes critical details such as the issuance price and the type of securities. The Philippines’ Securities Regulation Code (SRC) requires securities

AI Token Trading Explodes Hits $3 Billion in Surging Volume
5 months ago 1 min read

Artificial Intelligence Tokens Skyrocket with a 200% Surge, Breaking $3 Billion in Trading

The weekly trading activities of crypto projects centered on artificial intelligence (AI) have increased dramatically in the last six weeks. AI-related crypto assets such as Render (RNDR), Worldcoin (WLD), and Fetch.ai (FET) have been leading the pack in terms of trading volume, according to Kaiko, a prominent on-chain analytics firm. According to the data presented in Kaiko’s tweet, the trading volume of AI tokens was initially less than $1 billion in early October. However, a significant and consistent increase propelled weekly trading volume to more than $3 billion this month, representing a remarkable 200% increase. The chart shows that the

TerraClassicUSD (USTC) and Terra Classic (LUNC)
5 months ago 1 min read

TerraClassicUSD (USTC) and Terra Classic (LUNC) increase by over 300% and 40% respectively

Terra Classic Labs’s investment and community support fuel rally cause significant price surges for USTC and LUNC. The unexpected increase in the price of TerraClassicUSD (USTC) and Terra Classic (LUNC) indicates a resurgence of excitement for these assets. In an attempt to reclaim its lost US dollar peg from May 2022, USTC saw an amazing 283% spike in just one day, reaching $0.63997. The dramatic jump in price is thought to have been caused by Terra Classic Labs’ strategic acquisition of 25.6 million USTC, which not only increased the value of USTC but also revitalized the Terra Classic ecosystem. The

The former CEO of Binance
5 months ago 1 min read

Former Binance CEO Changpeng Zhao Restricted from Leaving the US Until Sentencing, Rules Judge

The former CEO of Binance, Changpeng Zhao (CZ), had a roadblock in his attempts to travel to the United Arab Emirates when a district judge halted a portion of his bail. CZ is currently residing in the US and intends to stay there until early 2024, when he will be sentenced. This follows Binance’s guilty plea for breaking money transfer regulations and sanctions, as well as his recent guilty plea for breaching the Bank Secrecy Act. Despite CZ’s $175 million bond release, the Justice Department maintains that he poses a flight risk due to the absence of an extradition agreement

BLUR token experienced a surge in whale activity on November 27
5 months ago 1 min read

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

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 to exchanges. Notable whale transactions involved deposits to Binance and OKX, with associated profits from previous holdings. Wintermute Trading, a crypto market maker, was also involved in transferring BLUR to

Hong Kong police have initiated an investigation into crypto trading platform Hounax following reports from 131 individuals
5 months ago 1 min read

Hong Kong Authorities Investigate Alleged $15.4 Million Crypto Scam Linked to Hounax

Hong Kong police have initiated an investigation into crypto trading platform Hounax following reports from 131 individuals who collectively claim losses of HK$120 million ($15.4 million) in an alleged scam. Victims, ranging from 19 to 78 years old, were lured into investing in cryptocurrencies through the platform. Upon attempting to withdraw funds, investors found themselves unable to do so. The police have vowed to make arrests soon. The Securities and Futures Commission had earlier listed Hounax as a suspicious virtual asset trading platform, stating that it targeted Hong Kong investors with false claims of collaboration with financial institutions and venture

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