Crypto

Binance to Make ‘Complete Exit’ From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement

Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department's ...

21 Nov 2023

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

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

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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

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

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

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

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

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

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

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

Bitcoin Buffeted Then Bounces on Binance/U.S. Settlement Report

Hurting the mood on Tuesday morning was the DOJ announcement of significant cryptocurrency enforcement actions to come later this afternoon.

21 Nov 2023

Binance to Pay $4.3B to Settle U.S. Criminal Case; Changpeng ‘CZ’ Zhao Resigns as CEO and Pleads Guilty in Seattle

Richard Teng takes over as CEO of the world's largest crypto exchange.

21 Nov 2023

Circle launches ‘bridged USDC standard’ for deploying to new networks

Circle published a new standard that allows developers to launch an unofficial bridged version of USDC that can later become native and official.

21 Nov 2023

Navigating the crypto frontier: Pioneers’ insights for new Web3 professionals

The crypto and blockchain industry still offers unlimited possibilities if you come in with your eyes open.

21 Nov 2023

‘We Are Prepared to Go to the Mat:’ ENS Founder on Patent Dispute With Unstoppable

ENS Founder Nick Johnson told CoinDesk he’s unhappy with Unstoppable Domains's patenting of work that he claims he produced and published earlier.

21 Nov 2023

Wintermute Asia Processes Its First Options Block Trade Through CME Group

The market maker partnered with CME Group to meet the growing institutional investors' interest in gaining exposure to digital assets.

21 Nov 2023

Historic bubbles burst while Bitcoin bounces back

Quick Take Tulip Mania Historically, financial bubbles, once burst, have shown little propensity for recovery. The infamous Tulip Mania of the 17th century exemplifies this trend, with tulip prices soaring twenty times before crashing a staggering 99% in 1637, as reported by Investopedia. Japanese Real Estate Market The Japanese real estate market provides another poignant […]
The post Historic bubbles burst while Bitcoin bounces back appeared first on CryptoSlate.

21 Nov 2023

Why is Solana (SOL) price down today?

Solana price is down today, registering a 15% decline over the past week as the wider crypto market continues to show weakness.

21 Nov 2023

Tether Worth $9M Tied to ‘Pig Butchering’ Scams Is Seized by U.S. DOJ

The U.S. Department of Justice (DOJ) has seized $9 million worth of the USDT stablecoin linked to organizations that exploited victims through "pig butchering" scams.

21 Nov 2023