Ethereum-Based Altcoin Erupts 80% As Binance Unveils ‘Bluebird’ Announcement

A low-cap altcoin is surging on the heels of an announcement from crypto giant Binance. The leading exchange says it’s launching a new perpetual contract called the Bluebird Index. The index tracks the prices of Binance Coin (BNB), Dogecoin (DOGE) and Mask Network (MASK), allowing up to 25x leverage. The announcement sent the price of …

Analyst Who Called 2022 Crypto Crash Issues Fresh Bitcoin and Ethereum Alert

The crypto analyst who accurately called this year’s crypto market collapse is warning of new price lows for digital assets this month. The pseudonymous trader known as Crypto Capo tells his 573,000 Twitter followers that several market conditions point to price collapses in November for Bitcoin (BTC), Ethereum (ETH) and other altcoins. He says the …

Huobi Global reportedly plans relocation to the Caribbean

Chinese crypto exchange, which recently has had to disavow the rumors about massive layoffs inside the company, unveiled the plans to move its headquarters to one of the jurisdictions in the Caribbean, with Dominica being the first candidate.  In the report from Nov. 1, citing one of the board members, the FT revealed the company’s …

BNB Chain DeFi ecosystem recovers almost one-third in three months

After a year-long struggle to fend off the market bears, parts of the crypto ecosystem started showing signs of recovery in the third quarter of 2022. BNB Chain’s Q3 report confirms significant growth in crypto trading volumes and decentralized finance (DeFi) but a drop in nonfungible token (NFT) trading. According to DappRadar BNB Chain Report …

Deribit crypto exchange halts withdrawals amid $28M hot wallet hack

Major cryptocurrency derivatives exchange​​ Deribit has halted withdrawals after suffering a $28 million hot wallet hack. Deribit exchange got its hot wallet compromised before midnight UTC on Nov. 1, the firm reported on Twitter. The exchange emphasized that client funds are safe as losses are covered by Deribit’s reserves, stating: “Client assets, Fireblocks or any …

Judge orders probe to investigate whether Celsius was a Ponzi

The judge overseeing the Celsius bankruptcy case has ordered the examiner and the official committee of Celsius creditors to determine who will head a probe into whether the firm was operating like a Ponzi scheme. The order during the Nov. 1 hearing comes in response to allegations from customers that Celsius had used assets of …

Leading Stablecoin Issuers Paxos and Circle Secure Regulatory Approvals To Offer Crypto-Related Services In Singapore

Circle and Paxos have received regulatory approval to operate in Singapore. The approvals will allow both of these companies to offer crypto-related services in the region. Stablecoin issuers Circle and Paxos have won approvals for their respective licences from the Monetary Authority of Singapore. The approvals received will help these firms offer crypto-related services in …

Stablecoin issuers Circle and Paxos gain approvals in Singapore

Stablecoin issuers Circle and Paxos have each received approvals for their respective licenses from the Monetary Authority of Singapore (MAS), the city-state’s central bank. Circle received in-principle approval for a Major Payments Institution License allowing it to issue cryptocurrencies and facilitate domestic and cross-border payments while Paxos received its license to offer digital payment token …

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