The year 2023 witnessed a significant resurgence in the crypto industry, and now, venture investors are re-entering the scene. According to PitchBook’s report on Thursday, venture funding for companies associated with crypto reached $1.9 billion in the fourth quarter of 2023, indicating a 2.5% increase from the previous quarter. This ...
Read More »
Crypto prices have rebounded following a significant dip earlier in the week, with bitcoin achieving a new peak for the year on Friday. According to Coin Metrics, bitcoin registered a 1.42% increase, reaching $37,862.76, a level not seen since May 2022. The cryptocurrency is poised to conclude the week with ...
Read More »
In a press release issued on Monday, Tether announced the freezing of 32 virtual wallets associated with cryptocurrency-financed activities related to terrorism and conflicts in Israel and Ukraine. Tether, the issuer of the world’s largest stablecoin by the same name, revealed its ongoing collaboration with Israel’s National Bureau for Counter ...
Read More »
Binance, a cryptocurrency exchange facing various challenges, has experienced a reduction in its collaboration with payment card giants Mastercard and Visa. This occurrence underscores the increasing cautiousness of conventional financial institutions regarding partnerships with Binance. The exchange is currently under significant regulatory examination, and broader apprehensions about financial adherence within ...
Read More »
The cryptocurrency market experienced a downward trend at the beginning of the week, following a challenging week for bitcoin, which marked its most significant decline since May. Bitcoin exhibited a marginal increase of only 0.02%, reaching a value of $26,136.36, as reported by Coin Metrics. In the preceding week, it ...
Read More »
On Tuesday, cryptocurrencies experienced a collective increase in value, contrasting with the stock market’s performance. This shift coincided with the actions of ratings agency Moody’s, which placed the U.S. banking sector under scrutiny. Bitcoin made a gain of approximately 2.5% and was recently valued at $29,785.88, as reported by Coin ...
Read More »
In the lead-up to the police visit to Binance’s Paris office, the chief executive officer of Binance France nonchalantly waved off any concerns regarding the potential impact of regulatory charges in the United States on the exchange’s other operations. Drawing a rather unconventional comparison, the executive likened these concerns to ...
Read More »
Lawyers for Binance and founder Changpeng Zhao assert that SEC Chair Gary Gensler offered to serve as an advisor to Binance’s parent company in 2019, amid his current crackdown on crypto companies. According to documents submitted by the SEC on Wednesday, attorneys from Gibson Dunn and Latham & Watkins, both ...
Read More »
In a filing made on Tuesday night, federal regulators expressed concern that the $2.2 billion worth of U.S. customer assets held by Binance, a cryptocurrency exchange, is under a “significant risk” of being misappropriated by its founder, Changpeng Zhao. The regulators emphasized the necessity of implementing a freezing order to ...
Read More »
Altcoins Gain Momentum as Bitcoin and Ether Stabilize On Wednesday, as Bitcoin and Ether maintained a stable position, altcoins experienced significant upward movement. Litecoin demonstrated a 5.67% increase, while XRP registered a rise of 6%, as reported by Coin Metrics. The Sandbox token experienced a notable surge of 4%, and ...
Read More »