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Cryptocurrency News

Location American Cryptocurrency News for 7 November 2023
China's Digital Yuan Scores Taiwan First with Bond Offering China’s digital yuan has completed another historic CBDC first, with a Taiwan-based firm “successfully” issuing e-CNY bonds. The offering, an ultra-short-term financing bond, was launched by Xiamen Xiangyu Group (X...
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Binance Launches High-Yield USDT Earning Program Amid Fierce Market Competition This week, Binance, the world’s leading crypto exchange by trading volume, announced the introduction of a tether (USDT) earning program with up to a 13% annual percentage yield (APR). Binance’s USDT earn product joi...
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South African Financial Giant Says It Will Inject Capital Into ZARP Stablecoin Network South Africa’s Old Mutual Wealth and financial services provider Inves Capital recently revealed plans to inject liquidity into the ZARP stablecoin network. Inves Capital’s managing director said “crypto is enterin...
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Kraken Said to Seek Partner to Help Build It a Layer 2 Blockchain Network The crypto exchange is still considering which blockchain developer should build its network, with Polygon, Matter Labs and the Nil Foundation in the mix, according to people familiar with the situation. Rival crypto exc...
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Bitcoin's Transaction Backlog Swells With Latest Inscription Wave, Pushing Fees Up 4,000% After a quiet period post-September 15, Bitcoin transaction backlogs are surging anew, with a noticeable resurgence of Ordinal inscriptions starting October 24. The number of pending bitcoin transactions in the mempool h...
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Cathie Wood Endorses Bitcoin 'Hands Down' Over Gold and Cash, Foresees Deflationary Economy Cathie Wood, the founder and CEO of Ark Investment Management, has an optimistic outlook on bitcoin’s future and she recently shared her enthusiasm on Bloomberg’s “Merryn Talks Money” podcast. In the conversation...
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Best Crypto to Buy Now November 7 - Cronos, Radix, Injective With various cryptocurrencies exhibiting large movements today, analysts are touting several cryptocurrencies as the best crypto to buy now. Image by cryptonews.com. With various cryptocurrencies exhibiting significant m...
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U.S. Consumer Finance Watchdog Wants to Oversee Major Tech, Some Crypto Payments A proposed rule would let the CFPB supervise nonbank payment providers and transactions between people, including some crypto transactions.
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Crypto Regulation News Weekly Digest: SafeMoon Executive Charges and FinCEN's Mixing Service Proposal Last week saw major regulatory actions against crypto mixing services and alleged fraud along with pushback from lawmakers. Image by Andrii, Adobe Stock. The cryptocurrency industry increasingly finds itself under the pu...
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How Sam Bankman-Fried Mastered the Art of Crypto Marketing But ended up as a failed leader.
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Top Crypto Analysts Are Quietly Loading Up on This Hidden Coin - What Do They Know? AI crypto startup yPredict gains traction with its unique analytics and $YPRED token presale. Image by Nuthawut, Adobe Stock. A new crypto startup called yPredict has been attracting attention from top crypto analysts wh...
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Bitcoin supply held by long-term holders hits all-time high -- Research Bitcoin's recent rally to a 2023 high is backed by on-chain and sentiment data.
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Coinbase Website Blocked in Kazakhstan Amidst Crypto Securities Law Enforcement Regional reports from Kazakhstan indicate that Coinbase, one of the largest crypto exchanges globally, has been blocked as it reportedly “violates paragraph 5 of Article 11 of the Digital Assets Law of the Republic of ...
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The $SPONGE Airdrop Just Distributed $100K To 747 Spongebob Participants - Here's Why Tuesday, November 7, 2023 – The much-awaited Sponge token ($SPONGE) Season 1 airdrop dropped today, in a move that saw around $100K distributed between participants. The competitive Season 1 airdrop enticed more than 2...
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Bitcoin Price Prediction as Analyst Says 'Santa Claus Squeee' Will Shoot Prices Higher - Time to Buy? Bitcoin’s recent slip below the $35,000 threshold marks a pause in its latest bull run, but the market’s optimism doesn’t seem to wane, as the Fear & Greed Index hovers at a confident 73. This pullback has not damp...
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November Marks Rare Awakening of 2 Vintage 2010 Bitcoin Wallets Valued at $3.4 Million Bitcoin has surged over 24% against the U.S. dollar this month, and on November 7, 2023, an intriguing event took place: two dormant bitcoin addresses from 2010 were activated and transferred roughly 100 BTC, valued at $...
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How the Crypto Industry Responded to the IRS Proposed Broker Rule The U.S. Treasury Department and IRS are poised to bring fresh crypto tax reporting rules into effect. The crypto industry largely seems opposed - the majority of comments I read urged caution or raised concerns about th...
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Ether Could Hit $3,000 as Soaring Network Activity Turns Token Deflationary The Ethereum blockchain settled $250 billion of transactions last week, the highest since mid-March, underpinning ether's bullish outlook.
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The Handover Begins: TradFi Takes Center Stage in Crypto's Next Phase Not only are institutions here, but they're starting to eat the crypto-natives' lunches. This is a catalyst for further development and innovation in the digital assets space, say Mark Arasaratnam and Ilan Solot at Marex...
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The Graph, Known as 'Google of Web3,' Plans AI-Assisted Querying The blockchain indexing protocol released a new roadmap to add features, in one of the project's biggest upgrades since a $50 million fundraising in 2022.
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Bitcoin Ordinals see resurgence from Binance listing

Coin Telegraph - 7 Nov 2023 18:53
Bitcoin Ordinals see resurgence from Binance listing The ORDI token, which was not developed by the creator of Bitcoin Ordinals, has surged by 41% in the past 24 hours.
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U.S. Banking Watchdog Hsu Says Tokenization Promising, But Crypto Full of Fraud Tokenization of assets could be the answer to the risky complexities of settling the movement of funds and securities, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency.
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