News

Africa-Focused Remittances Fintech Zazuu Shut Downs After Failing to Secure Additional Funding

An Africa-focused remittances firm, Zazuu, has become the latest fintech startup to close shop after it failed to raise extra funding. Zazuu and other African fintechs’ funding problems are said to be linked to the collapse of Silicon Valley Bank in the U.S. Zazuu Shuts Down Just Over a Year After Raising $2 Million Zazuu, […]

21 Nov 2023

Binance Got Huge Due to U.S. Customers. That Was Illegal, U.S. Says

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21 Nov 2023

: Virgin Galactic stock on pace to snap two-day winning streak

Shares of Virgin Galactic Holdings Inc. SPCE are down 5.1% Tuesday, putting the stock on pace to snap a two-day winning streak. The private spaceflight company’s shares rose with other space stocks earlier this week in the wake of SpaceX’s second Stars...

News

21 Nov 2023

After CZ Quits as Binance CEO, Richard Teng Looks Like the Heir Apparent

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21 Nov 2023

: U.S. oil prices settle lower for the first time in 3 sessions

U.S. benchmark oil futures settled with a loss on Tuesday for the first time in three sessions. Traders await this week’s U.S. supply data from the Energy Information Administration due out Wednesday morning, as well as Sunday’s expected decision on oi...

News

21 Nov 2023

Court unseals indictments against Binance and CZ, detailing expected guilty pleas

The U.S. Justice Department, Treasury and CFTC reportedly plan to announce settlements for many of the criminal and civil cases against Binance and CZ on Nov. 21.

21 Nov 2023

US Dollar Index (DXY) Continues Recovery as FOMC Minutes Have Minimal Impact

The FOMC Minutes release had limited impact today as markets have already weighed key data releases since. The DXY eyes a deeper recovery but is it sustainable?

Forex

21 Nov 2023

Why is the crypto market down today?

The crypto market dropped after Bitcoin immediately turned away from its all-time highs above $108K ahead of the Fed rate decision.

21 Nov 2023

: Home shopping stocks suffer after housing data disappoints

The stocks of online real estate marketplace providers suffered broad weakness Tuesday, after data showing sales previously-owned homes fell below expectations. Shares of Opendoor Technologies Inc. OPEN sank 6.6%, of Redfin Corp. RDFN dropped 3.1%, of ...

News

21 Nov 2023

Surging Altcoins Eclipse Bitcoin’s Gains, Sparking Buzz of an Imminent ‘Alt Season’

Bitcoin’s value has surged by 23% against the U.S. dollar in the past month, but a vast array of altcoins have seen even more substantial gains, outpacing BTC’s monthly rise. Such trends in smaller market cap coins have sparked proclamations on social media platforms, heralding the arrival of the much-anticipated “Alt Season.” Additionally, an uptick […]

21 Nov 2023

Celsius debtors to restructure defunct lender into Bitcoin miner instead of asset transfer

Celsius Network and its debtors intend to turn the defunct lender into a Bitcoin miner as part of its restructuring, according to a Nov. 20 press release. Celsius customers will own the new entity, tentatively stated as ‘Mining NewCo.’ Mining NewCo Celsius had proposed the formation of Fahrenheit NewCo as part of its restructuring and […]
The post Celsius debtors to restructure defunct lender into Bitcoin miner instead of asset transfer appeared first on CryptoSlate.

21 Nov 2023

‘They’re Playing a Game’: What New Yorkers Think of the SEC’s War Against Crypto

After the Securities and Exchange Commission sued Kraken, a small but trusted exchange, CoinDesk asked passersby for their views on crypto and regulation.

21 Nov 2023

BNB price pops, then drops, following news of DOJ-Binance settlement

The BNB token defied Nov. 21’s wider market downturn with a high-volume rally, which saw its price hit a five-month high at $271.90.

21 Nov 2023

LBank Unveils Third Launchpad Featuring ACGN Protocol’s AIMEME Token

PRESS RELEASE. LBank, a globally leading cryptocurrency trading platform, is set to make waves in the digital currency space with the official launch of its highly anticipated Launchpad on November 30, 2023. The focal point of this unveiling is the introduction of ACGN Protocol’s AIMEME token, representing a significant milestone for LBank following the successful […]

21 Nov 2023

‘Buy the Rumor, Buy the News,’ on Spot BTC ETF, Says One Expert, While Another Warns on Coinbase

With two months to go before the U.S. Securities and Exchange Commission (SEC) faces another set of deadlines to decide on a large number of applications to form spot bitcoin exchange traded-funds (ETFs), analysts are speculating on how approval of suc...

21 Nov 2023

WSJ reports CZ stepping down as BNB token whipsaws with Binance near DOJ settlement deal

Binance CEO Changpeng Zhao has reportedly pled guilty to violating U.S. anti-money laundering requirements and will step down from his role at the exchange, according to the Wall Street Journal. Reports are surfacing that Binance will also plead guilty to money laundering violations, and CZ will appear in Seattle court today. As of press time […]
The post WSJ reports CZ stepping down as BNB token whipsaws with Binance near DOJ settlement deal appeared first on CryptoSlate.

21 Nov 2023

US Justice Department seizes 9M USDT amid $225M illicit funds frozen by Tether

Officials reported the seizure was tied to an organization responsible for “pig butchering” romance scams.

21 Nov 2023

: Blackstone close to buying software company Civica for $2.5 billion: WSJ

Blackstone Inc. BX is closing in on an acquisition of software developer Civica for $2.5 billion, The Wall Street Journal reported Tuesday. The seller on the deal is Partners Group Holding AG, another private-equity firm that paid about $1.3 billion fo...

News

21 Nov 2023

Index Funds

Index funds are low-cost, efficient way in investing in the stock index. But what is an index fund? In this article, I’m going to talk about why it might be a better way to go when you’re saving up long term, the investments that are available in the P...

News

21 Nov 2023

Breaking: Binance’s CZ to plead guilty to violating Anti-Money Laundering requirements — WSJ

Changpeng Zhao reportedly plans to plead guilty to violating U.S. Anti-Money Laundering requirements and step down as the CEO of the Binance crypto exchange.

21 Nov 2023

Anthropic halves hallucinations, adds 200k context as it launches Claude 2.1 with API access

With OpenAI in turmoil, rival Anthropic has released its latest model, Claude 2.1, which it says sets a new benchmark in artificial intelligence, particularly in its application within enterprise environments. As of Nov. 21, Claude 2.1 is already live, powering claude.ai’s chat experience, and is accessible via API. The company states that the update is […]
The post Anthropic halves hallucinations, adds 200k context as it launches Claude 2.1 with API access appeared first on CryptoSlate.

21 Nov 2023

Blackstone to Buy U.K. Software Developer Civica

The buyout firm placed its second multibillion-dollar bet in Europe in as many days, in a sign that private-equity deal making in the region is picking up.

News

21 Nov 2023

Spot Bitcoin ETF: Why this time is different

The latest Cointelegraph Report explains everything readers need to know about a potential spot Bitcoin ETF approval in the U.S., its impact on the market, and its significance for the crypto industry.

21 Nov 2023

Crypto Industry Goes Nuclear With Uranium-Linked Tokens

Uranium3o8 is offering yellowcake-backed tokens on Uniswap through a partnership between Canadian firm Madison Metals and Sainmiguel Investments.

21 Nov 2023

: Visa’s stock on track for new record high, up almost 2200% from IPO price

Visa Inc. shares V were up 0.7% in Tuesday morning trading and on track to close at a new all-time high. The stock recently changed hands at $251.71; any close above the $250.93 recorded July 27, 2021 would mark a new record for Visa shares. Visa came ...

News

21 Nov 2023

Microsoft, Salesforce, Nvidia swoop in to hire OpenAI employees as walkout threats increase

OpenAI’s future remains uncertain as employees threaten a walkout over the firing of former CEO and co-founder Sam Altman.

21 Nov 2023

USD/JPY Latest: Yen Strengthens Ahead of Japanese CPI Report

The Japanese Yen has struggled to find its footing even after the BoJ eased restrictions on bond yields. Today, the yen in on track for its fourth straight day of gains

Forex

21 Nov 2023

: Verizon’s stock heads for longest winning streak in more than a decade

Verizon Communications Inc. shares VZ were up 1.3% in morning trading Tuesday and on track to log their eighth session in a row of gains. That would make for the stock’s longest winning streak since the period that ended March 5, 2013, when it gained f...

News

21 Nov 2023

Bitcoin’s $30K Floor — Willy Woo’s Onchain Analysis Predicts Enduring Stability Above Threshold

On November 21, 2023, the popular onchain analyst Willy Woo presented a detailed chart showcasing the cost basis density map of bitcoin. This analysis delves into BTC’s pricing history and transactional data, pinpointing critical areas of price stabilization and potential zones of support. In discussing the chart, Woo remarked that if the current pattern continues […]

21 Nov 2023

Phoenix Group IPO raises $370M, signaling investor confidence in Middle Eastern crypto economy

Abu Dhabi’s Phoenix Group, a Bitcoin (BTC) mining service provider, has completed an initial public offering (IPO) that sold 907 million shares, raising approximately 1.3 billion UAE Dirhams, or $370 million, according to a Nov. 21 statement. The firm said the IPO surpassed its initial expectations, raising 33 times the projected amount. Demand from retail […]
The post Phoenix Group IPO raises $370M, signaling investor confidence in Middle Eastern crypto economy appeared first on CryptoSlate.

21 Nov 2023