The new CEO of the world’s largest crypto exchange by trading volume foresees strength ahead for crypto and his company. Fortune reports that Changpeng Zhao’s successor at Binace, Richard Teng, says that Binance’s move towards compliance will pay off in the long term, positioning the company to claim a bigger share of the growing crypto market. …
Monthly archives: November 2023
Tornado Cash token falls 57% after Binance announces delisting
TORN fell from $3.90 to $1.66 after Binance announced it would no longer carry the coin. News Join us on social networks The governance token for crypto mixer Tornado Cash (TORN) has fallen by over 50% on Nov. 26-27, according to data from Coingecko. The crash came on the same day that crypto exchange Binance …
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About $1,000,000,000 in Bitcoin Yanked From Exchanges in Two Weeks As Whales Accumulate Ethereum and XRP: Trader
A closely followed crypto analyst says that close to $1 billion worth of Bitcoin (BTC) has been pulled from crypto exchanges in recent weeks as deep-pocketed investors simultaneously stockpile Ethereum (ETH) and XRP. Crypto analyst Ali Martinez says on the social media platform X that market participants have been yanking large amounts of BTC from …
IBM brings ‘utility-scale’ quantum computing to Japan as China and Europe struggle to compete
Experts predict the global quantum computing sector will have grown from about $930 million in 2023 to $6.5 billion by 2030, but some global markets may be better poised for growth than others. News Join us on social networks IBM announced the completed installation of a 127-qubit quantum computing system at the University of Tokyo …
The ‘WAGMI’ mentality is undermining crypto
Greed, irrationality and anxiety have contributed to chaos in the crypto market. Investors should work on self-improvement if they want the industry to succeed. Opinion Join us on social networks In 2021, it seemed as if 10 new Disneys — and the next 20 Picassos — were emerging from blockchain and various nonfungible token (NFT) …
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Price analysis 11/27: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK
Bitcoin is witnessing profit-booking near $38,000, but the correction is likely to be shallow as lower levels are likely to attract buyers. Price Analysis Join us on social networks Bitcoin (BTC) has started the week on a negative note. The failure of the bulls to pierce and sustain above the $38,000 resistance has given a …
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Binance CEO outlines plan for crypto exchange after CZ steps down
Richard Teng became CEO of crypto exchange Binance after Changpeng Zhao agreed to step down as part of a settlement with the U.S. Department of Justice announced on Nov. 21. News Join us on social networks Richard Teng, Binance’s former global head of regional markets and now CEO, announced his intention to drive growth at …
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Crypto phishing kit Inferno Drainer shuts down after enabling over $80M in scams
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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Despite record sales, Black Friday underscores Americans’ reliance on debt and credit
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Bitcoin miners see 19-month high in revenue as halving nears
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Justin Sun defends Tron following allegations of facilitating terror financing
Justin Sun, founder of the Tron (TRX) blockchain, has defended the network in a Nov. 27 X (formerly Twitter) post following a Reuters report that it is increasingly being used to finance terrorist activities and organizations. Sun stressed that Tron’s decentralized structure, similar to Bitcoin (BTC) and Ethereum (ETH), forms the core of its philosophy. …
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BlockFi secures key $21M agreement with Vrai Nom amid turbulent bankruptcy
BlockFi has reached an agreement in principle with Vrai Nom Investment in its complex bankruptcy proceedings, potentially marking a pivotal moment in the crypto lending firm’s efforts to navigate its financial challenges. BlockFi has been granted an adjournment on related hearings until Dec. 19. As BlockFi emerges from the shadows of its November 2022 bankruptcy …
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Hong Kong police investigate $15.4 million scam on Hounax trading platform
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Binance carries the brunt of $130M crypto market liquidation wave
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$524,000 Bitcoin Price Possible Over Next Four Years, According to On-Chain Analyst PlanB – Here’s Why
On-chain analyst PlanB says that he wouldn’t surprised if Bitcoin (BTC) went as high as $524,000 at some point in the next four years. PlanB shares with his 1.8 million followers on the social media platform X a chart depicting which price the majority of BTC was distributed at each halving, when miners’ rewards get …
