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Cryptocurrency News

Location American Cryptocurrency News for 10 November 2023
Maven 11 Targets $100 Million in Funding for Third Crypto Venture Fund Source: Adobe / Sutthiphong Amsterdam-based crypto venture capital firm Maven 11 has unveiled its third fund with a goal of securing $100 million. This research-driven fund will aim to invest in early-stage crypto projec...
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47 Countries Adopt New CARF Framework on Automatic Exchange of Information Between Tax Authorities Source: Adobe/amirul syaidi A consortium of 47 countries, including the US, the UK, and Australia, have adopted a new framework for the automatic exchange of information between tax authorities. The framework, known as t...
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Poloniex Hit by $114 Million Hot Wallet Heist; Justin Sun Pledges to Recover Funds Onchain data and reports have highlighted unusual outflows from cryptocurrency exchange Poloniex, prompting concerns of a possible hot wallet breach worth approximately $114 million. Justin Sun, the exchange’s propriet...
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Celsius Bankruptcy Reorganization Plan Approved by Court; Implementation by Early 2024 Crypto lender Celsius secured approval for its reorganization plan from a bankruptcy court on Thursday, marking an end to an ordeal that began when it filed for bankruptcy in July last year.
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Source: a video screenshot, ABC News / YouTube A number of altcoins bankrolled by recently convicted FTX founder, Sam Bankman-Fried, appropriately dubbed "Sam coins,” have continued to rally this week ahead of his pote...
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CME Bitcoin Futures Open Interest Climbs Past Binance, Indicating Growing Institutional Demand The open interest for bitcoin futures on the CME Group has outstripped that of Binance’s futures market, with the former reaching an open interest of $4.06 billion and the latter at $3.87 billion, as bitcoin’s value ...
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JPMorgan Launches Live Programmable Payments With JPM Coin, Siemens, FedEx Become Early Adopters JPMorgan Logo / Source: Adobe Banking firm JPMorgan has rolled out a programmable payment feature for institutional users of its blockchain-powered payment system, JPM coin. *JPMORGAN LAUNCHES PROGRAMMABLE PAYMENTS IN NE...
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Raft Suffers $3.3M Exploit That Drove Down Stablecoin 50%, but Hacker Likely Lost Money on Attack Raft's R stablecoin lost its dollar peg, dropping as much as 50% in the immediate aftermath of the exploit.
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Solana price hits a new 2023 high -- What's behind the SOL rally? SOL hit its highest price since May 2022, possibly due to an uptick in DApp use and a few other key factors.
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China Criminalizes Stealing NFTs and Digital Collections Source: Pixabay The Chinese government has released a statement declaring that anyone caught stealing digital collections, which include digital collectibles such as NFTs, will be subject to criminal penalties. The state...
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Publicly-Listed Bitcoin Miner Bitdeer Expands Into AI With Nvidia Several bitcoin mining enterprises are shifting their focus to artificial intelligence (AI) computing and cloud services. In a recent development, the publicly traded blockchain and high-performance computing company Bit...
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Binance Launches Web3 Wallet to 'Lower the Barrier' for Self Custody Binance has announced the launch of a new “self-custody” Web3 wallet aimed at simplifying the user experience and protecting user funds when using decentralized apps. The wallet features multi-party computation (MPC)...
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Researchers claim Bitcoin experiment generated almost 300% higher returns than hodling The researchers tested the "efficient market hypothesis" against Bitcoin and, according to the study, were able to develop an "optimal model."
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Liquidity Trends Suggest 'Uptober' Could Be the Start of a New Crypto Bull Run Stronger interest from institutional investors and a market with relatively few sellers could mean we've entered a new phase of the market, say FalconX's Vivek Chauhan and David Lawant.
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Tether Achieves Lifetime High With $86.51B Valuation; Tron Version Surpasses ETH in Several Metrics This week, the leading stablecoin by market capitalization attained a valuation of $86.51 billion, following a supply surge of 3.6% in the past month. Currently, the Tron network holds approximately 45.82 billion USDT, w...
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Meet Midas: A New Yield-Bearing Stablecoin Investing in U.S. Treasuries The proposed stablecoin, which tokenizes ownership of Treasuries, mentions BlackRock, Circle, Fireblocks and Coinfirm as "institutional partners."
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New Study Explores A new study released this week from a collective of four American business scholars highlights the potential opportunities and risks donors and charities face when dealing with cryptocurrency donations. The "gambler's fa...
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Wall Street Memes Launch Discord Hack Relief Fund to Compensate Victims of October Cyber Attack Friday, November 10, 2023 – In a huge move aiming to bolster support for the Wall Street Memes community, WSM have launched a Discord Hack Relief Fund that will seek to compensate victims from an October cyber attack. ...
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Bankrupt Crypto Lender Genesis Seeks Court Help to Reduce Settlement Payout to 3AC Source: Pexels Digital Currency Group’s (DCG) subsidiary Genesis Global is seeking approval from the US court to revise its settlement agreement with the bankrupt Three Arrows Capital Ltd (3AC). According to a document...
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Crypto Macro Weekly: Ether (ETH) Pumps 11% Above $2,100 as BlackRock Files For Spot Ethereum ETF as Broader Market Rally Continues Ethereum Logo Graphic / Source: Adobe Ether (ETH), the cryptocurrency that powers the smart contract-enabled Ethereum blockchain that remains the dominant chain in the DeFi, NFT and broader web3 industries, stole the spo...
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Price analysis 11/10: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC Bitcoin and Ether are leading the cryptocurrency markets from the front, but the risk of a short-term pullback remains.
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Fed Chair Powell's Hawkish Tone Rattles Markets as Inflation Concerns Persist Amid an uncertain economic landscape, Federal Reserve Chair Jerome Powell’s recent remarks have amplified the debate on the sufficiency of prevailing interest rates. Even with robust gross domestic product growth, Powe...
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