Binance sees record 138K BTC inflows as opinions differ on what Bitcoin price will do next

Bitcoin (BTC) inflows to largest exchange Binance just saw a giant spike reminiscent of the 2018 bear market capitulation. Data from on-chain analytics platform CryptoQuant shows that on Nov. 18, a giant tranche of almost 60,000 BTC entered Binance’s wallet. Exchange inflows highest since late 2018 BTC price contagion fears thanks to FTX insolvencies and …

Bitstamp gets a crypto license from the Bank of Spain

Crypto exchange Bitstamp reported obtaining a license for operations with crypto in Spain. It marks approval in yet another European jurisdiction for an exchange, which has been focusing on the European Union market since its launch in 2011.  The company revealed the news about its Spanish license on Nov. 17. The approval from the Bank …

FTX meltdown triggers FINRA into probing crypto comms

The Financial Industry Regulatory Authority (FINRA), the American self-regulatory organization, has launched an examination into the firm’s retail communications concerning crypto products and services offered by them. The regulatory body, in an official notice, announced that it is launching a targeted exam on firms on how they handled retail communications between July 1 and the end of …

Bahamas watchdog ordered FTX to send digital assets to its wallet

The regulator said the move was aimed at “safekeeping” the assets and “was necessary to protect the interests of clients and creditors” of the bankrupt exchange. 2 min read Updated: November 18, 2022 at 9:27 am Cover art/illustration via CryptoSlate The Securities Commission of Bahamas revealed on Nov. 18 that it directed FTX to transfer digital …

Sony Files Patent to Use NFT Tech for Keeping Track of in-Game Digital Assets; Introduces Moments Market

Electronics giant Sony has filed a patent that describes the usage of NFT (non-fungible token) and blockchain technology to track the history of in-game digital assets. The filing describes the usage of this tech in order to record the story of modifications and ownership of the digital assets from a given game. Sony Might Use …

Defichain Co-Founder: FTX’s Collapse Has Rekindled Interest in Defi and Associated Products

According to Julian Hosp, co-founder of the decentralized finance entity Defichain, the fall of the crypto exchange FTX and the domino effect it has had may have rekindled interest in decentralized finance (defi) and associated products. Hosp, however, conceded that the crypto exchange’s dramatic collapse also encourages regulators to adopt a harder line when dealing …

Ripple Partners With Africa-Focused Remittances and Payments Firm MSF Africa

Ripple, the United States-based tech firm, has said its crypto solution known as “on-demand liquidity” is set to help MSF Africa “streamline real-time mobile payments for customers in 35 countries.” The evolution of Ripple’s partnership with MSF Africa, which has 800 payment corridors across the continent, will ostensibly see the whole region getting a chance …

MEXC Global Now Exceeds 10 Million Users; The Meaning Behind the Upgrade Color to ‘Ocean Blue’

press release PRESS RELEASE. As of September 2022, MEXC has finally reached a respectable milestone of 10 million users! To celebrate this unique achievement, starting November 18th of this year, MEXC will introduce a major brand color change to its global userbase to spread awareness for which it stands for. After surveying customers directly during …

Here’s the Worst Case Scenario for Bitcoin Amid FTX Fallout, According to Crypto Analyst Benjamin Cowen

Popular cryptocurrency analyst Benjamin Cowen is examining whether Bitcoin (BTC) has bottomed out after falling by over 75% from its all-time high. Cowen tells his 774,000 YouTube subscribers that, based on the flagship crypto asset’s trading history, Bitcoin could be on the cusp of a major bottom. “There are a lot of cyclical indicators for …

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