Leading stablecoins like Tether [USDT] and USD Coin [USDC] are digital assets tied to the value of traditional fiat currencies like the US dollar. These asset classes often serve as a safe bet for investors during periods of market uncertainty to preserve capital and avoid the volatile nature of other cryptocurrencies. However, the movement of […]
Former Binance CEO Changpeng Zhao Must Remain in the US, Said Federal Judge
A federal judge in Seattle ruled on Monday that Changpeng Zhao, the former CEO of Binance, must remain in the United States. This decision follows Zhao’s guilty plea to charges of violating US anti-money laundering laws. Zhao is now caught in a legal predicament that could have far-reaching implications for the crypto industry. Former Binance […]
Grayscale Bitcoin Trust’s discount narrows to 8% amid growing ETF optimism
According to market data from YCharts on Nov. 24, the Grayscale Bitcoin Trust (GBTC) discount rate has narrowed to 8.06%. The “discount” refers to the situation where the Grayscale Bitcoin Trust (GBTC) shares are trading at a price lower than their underlying net asset value (NAV). GBTC Discount or Premium, via YCharts GBTC began trading […]
‘Blade Runner’ Director Ridley Scott Calls AI a ‘Technical Hydrogen Bomb’
Leading directors, including Oppenheimer’s Christopher Nolan and Terminator’s James Cameron, speak out over AI’s potentially catastrophic global impact.
Cardano (ADA) and Dogecoin (DOGE) Receive Additional Support by Coinbase: Details
TL;DR Coinbase Adds New Perpetual Futures: Coinbase is introducing perpetual future contracts for Cardano, Dogecoin, Chainlink, and Stellar, allowing users to speculate on their future values. Minimal Market Impact: The announcement has not significantly affected the market, with some of the included cryptocurrencies showing slight declines. Ongoing Delisting of Trading Pairs: Coinbase has recently delisted […]
New Airdrop Incoming As Cosmos Co-Founder Moves To Fork Network Amid Governance Change
Cosmos (ATOM) founder Jae Kwon is forking the interoperable blockchain following a successful governance proposal to put a 10% cap on ATOM inflation. Proposal 848, which was largely based on the idea that ATOM is overpaying for its security, brought down inflation from roughly 14% to 10%, and also lowered staking rewards. However, Kwon didn’t […]
Crypto Assets Will Massively Outperform Tech as Key Catalyst Starts To Kick In: Macro Guru Raoul Pal
Former Goldman Sachs executive Raoul Pal says that digital assets are set to outrun tech stocks as an important catalyst begins to appear. The Real Vision CEO tells his one million followers on the social media platform X that dollar liquidity is ultimately what drives risk assets like stocks and crypto. He shares a chart […]
Hamas And Hezbollah Pick Tron Instead Of Bitcoin In Crypto Shift, Report
TRON (TRX), a blockchain-based digital platform, has surpassed Bitcoin (BTC) as the platform of choice for financial transfers by groups such as Hamas and Hezbollah, which are designated terrorist organizations by the US, UK, and other countries. According to a Reuters report, this development has opened a new front in Israel’s battle against the funding […]
SFC Under Fire for Inadequate Response to Hounax Scandal
Hong Kong’s SFC is criticized for not doing enough to protect investors from crypto scams. Continue reading at DailyCoin.
Judge rules CZ must remain in the U.S. for now
Changpeng Zhao, the former CEO of Binance, is currently barred from returning to his home in the United Arab Emirates (UAE), as per the ruling of a federal judge in Seattle. U.S. District Judge Richard Jones has temporarily suspended a decision that would have allowed Zhao to leave the U.S. before his sentencing, scheduled for […]