Crypto News Archives - Page 44 of 49

The Aftermath of Binance Billion Outflow: CZ’s Legal Issues Examined

Crypto News and Updates / Logan / November 22, 2023

After Changpeng ‘CZ’ Zhao, former CEO of Binance, pleaded guilty to money laundering charges and agreed to a $4.3 billion settlement with the U.S. Justice Department, the world’s largest crypto exchange experienced a significant ‘Binance billion outflow’. Within 24 hours, more than $1 billion was withdrawn, contributing to a net outflow of $703 million over the past week. Despite this, Binance recorded net inflows of $1.68 billion in the past month, retaining its leading position among all centr

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Open AI Sam Altman Steps Back in as CEO, Refreshes Board Composition

Crypto News and Updates / Logan / November 22, 2023

Open AI has confirmed an initial agreement for Sam Altman, Open AI Sam Altman, to reprise his role as CEO, introducing a reshuffled board featuring Bret Taylor as chairman, Larry Summers, and Adam D’Angelo. Altman’s return comes on the heels of Microsoft CEO, Satya Nadella, securing his skills to head a new AI research group. Both Open AI and Altman are reportedly in ongoing discussions to settle the specifics of his comeback.

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Grayscale Bitcoin Trust: Journey Towards Transformation Into a Spot Bitcoin ETF

Crypto News and Updates / Logan / November 22, 2023

In a recent meeting with the SEC, Grayscale executives discussed a potential rule change to transform the Grayscale Bitcoin Trust into a spot Bitcoin ETF. Grayscale’s partnership with BNY Mellon, aimed at assisting with share issuance and account management, was also disclosed. However, this does not guarantee immediate transformation of GBTC. The proposal, now termed ‘uplisting’, could see Grayscale controlling $20 billion in assets, thus dominating the ETF landscape. Despite competition from g

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Crypto Enthusiasts Respond to SEC Chairman’s Debatable Remarks

Crypto News and Updates / Logan / November 19, 2023

The crypto world has been set ablaze following a recent speech by SEC Chairman, Gary Gensler, at the 2023 Securities Enforcement Forum. His assertion that the SEC should act as ‘allies of honest businesses and persecutors of deceit’ has sparked a wave of reactions from numerous crypto community members. Ripple’s top legal executive, Stuart Alderoty, accused Gensler of bias against cryptocurrencies and claimed that the SEC has wrongly initiated lawsuits against specific crypto organizations witho

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Institutional Crypto Trading Transformed: Key Collaboration between OKX, Komainu, and CoinShares

Crypto News and Updates / Logan / November 15, 2023

To accelerate the institutional adoption of cryptocurrencies, crypto exchange OKX has strategically allied with Komainu, a custody service, and CoinShares, an investment manager. This partnership enables round-the-clock trading of separate assets, underpinned by robust security protocols and minimized counterparty risks.

As announced on November 15, CoinShares can now trade on the OKX platform with Komainu safeguarding the collateral assets. This arrangement not only heightens the appea

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Differing Opinions on Bitcoin's Future Amid Expectations of ETF Authorization

Differing Opinions on Bitcoin’s Future Amid Expectations of Bitcoin ETF Authorization

Crypto News and Updates / Logan / November 13, 2023

The crypto community eagerly awaits the US approval of Spot Bitcoin ETFs, anticipating it could launch a bullish Bitcoin surge. However, noted economist Peter Schiff counters this optimism, projecting a Bitcoin crash ahead of the SEC’s approval of spot Bitcoin ETFs. He recently used a social media survey to predict when the next Bitcoin downturn might occur. Despite most of his followers thinking the crash will happen post-ETF approval, Schiff asserts it will take place beforehand.

Sch

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The Remarkable Rise of THORChain: The Journey from RUNE’s Price Hike to Becoming the Second Biggest DEX

Crypto News and Updates / Logan / November 13, 2023

THORChain, a protocol for decentralizedWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the... exchange, has recently risen to be the second biggest DEX, with its inherent cryptocurrency, RUNE, witnessing a significant hike. In the past week, THORChain’s trading volume has soared past $1.325 billion, outshining PancakeSwap and only lagging behind Uniswap. This swift expansion was unpredicted, even by Chad Barraford, THORChain’s main developer.

THORChain is often juxtaposed with Uniswap as a multichain equivalent, allowing users to carry out

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Prospects for Spot Bitcoin ETF Approval Brighten, Yet Launch Could Be Postponed

Prospects for Spot Bitcoin ETF Approval Brighten, Yet Launch Could Be Postponed

Crypto News and Updates / Logan / November 9, 2023

While a dozen asset managers have applied for a spot Bitcoin ETF with the SEC and the initial approval window is set to open on November 8, analysts forecast that even with approval, the real launch might see a month’s delay due to the ETF’s two-tier launch process. This involves obtaining SEC clearance from the Trading and Markets division and the Corporate Finance division. Despite nine of the twelve Bitcoin ETF applications having presented revised prospectuses, any SEC approval of the 19b-4

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Shibarium’s Dilemma: The Decline in User Interaction and BONE’s Worth

Crypto News and Updates / Logan / November 9, 2023

Shibarium, a much-awaited layer-2 solution for the SHIB community, had a rough beginning on August 28 and appears to be in for a hard journey. Despite its promise of a new efficiency era for SHIB holders, it has instead seen a concerning decrease in user interaction and network activity, similar to its initial operational phase. Data from the Shibarium explorer indicates a considerable fall in user transactions, raising doubts about its long-term viability. Despite the launch of Shiba Inu’s ‘Shi

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RISC Zero Pioneers Cryptography with Open Source Breakthroughs

Crypto News and Updates / Logan / November 9, 2023

RISC Zero, a premier innovator in zero-knowledge computation, has made public the open-sourcing of three pivotal technologies, marking a significant progression in zero-knowledge cryptography. The technologies, specifically High-Speed Recursion, Proof Composition, and a STARK to SNARK Wrapper, are poised to be accessible to millions of developers globally under the Apache2 license.

This action is viewed as a crucial stride towards developing a more secure and private digital environment

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Solana’s Impressive Rise: Is $50 the Next Milestone?

Crypto News and Updates / Logan / November 8, 2023

Despite the turbulent altcoin market, Solana (SOL) has been making noteworthy strides this month. Following a slight dip, SOL’s bullish momentum is driving it towards a $50 target. Its consistent growth in the past two weeks positions it among the top cryptocurrencies today, currently trading at $43.23, a 3% rise in the last 24 hours.

Even under substantial sell pressure, Solana has held steady, with the crypto exchange FTX offloading millions of crypto assets to settle customer debts.

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Progmat Coin and Associates Set to Release Yen and Dollar Stablecoins in 2024

Crypto News and Updates / Logan / November 8, 2023

Progmat Coin, along with Mitsubishi UFJ Financial Group (MUFG) and wallet service Ginco, has initiated research into the creation of a yen-focused XJPY stablecoin and a dollar-focused XUSD stablecoin. These planned stablecoins are designed to enhance the effectiveness of transactions between cryptocurrency exchanges. The XUSD is specifically designed for use in international transactions. This step, expected in summer 2024, is a crucial part of the expanding Progmat Coin network in Japan, inclus

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