Binance’s CEO, Changpeng Zhao (CZ), thinks Bitcoin mining is the most outstanding business model ever. This observation came as news surfaced that miners were raking in record amounts of money from block rewards and transaction fees, with some days seeing earnings of over $44 million. This number exceeded the April
November 15, 2023 2 mins read
Binance has announced the launching of many new and improved features throughout its product suite in the months of September and October. Binance is the global blockchain ecosystem powering the biggest cryptocurrency exchange by trading volume. These changes are a part of Binance’s larger objective to provide the greatest platform user experience.
November 14, 2023 4 mins read
The Virtual Assets Regulatory Authority (VARA) of Dubai has issued a Virtual Assets Service Provider (VASP) Licence to Crypto.com’s Dubai subsidiary, CRO DAX Middle East FZE, allowing it can engage in specific virtual asset service operations. After Crypto.com has fulfilled certain criteria and localization requirements set out by VARA, the
November 14, 2023 2 mins read
Bitcoin is causing widespread anxiety due to recent unfavorable developments. Despite reaching a high of $38,012 for the first time in 18 months, its value has fluctuated widely over the previous three days. At the time of writing, Bitcoin is trading at $36,745, down 0.74% in the last 24 hours
November 14, 2023 2 mins read
This year has seen a three-fold surge in the total number of crypto wallet addresses holding more than $1 million in Bitcoin. BitInfoCharts reports that the number of addresses holding in excess of $1 million dollars in BTC has increased by 237% from January 1 (when there were 23,795) to
November 13, 2023 2 mins read
Co-founder of BitMEX, Arthur Hayes recently outlined the delicate balancing act that Janet Yellen, the Treasury’s top official, must do in order to maintain the nation’s fiscal health in the face of mounting government deficits. Hayes discusses Yellen’s strategic alternatives for regulating economic expansion and public expenditures, such as the
November 12, 2023 2 mins read
After receiving approval from more than 80% of validators, the “fixReducedOffersV1” amendment is now in an activation countdown phase of two weeks, signaling the advent of a significant XRPL upgrade. Users currently using rippled v1.11.0 or lower are advised by XRPScan to upgrade their systems in preparation for the arrival
November 12, 2023 1 min read
DeFi platform Raft lost about $3.3 million in Ethereum (ETH) after hackers attacked it on Friday. However, the attacker may have incurred a loss on the crime. According to the information available on the blockchain, a hacker stole 1,577 ETH from Raft and promptly transmitted 1,570 ETH to a burn
November 11, 2023 2 mins read
Recent substantial spikes in the crypto market may be attributed to a confluence of optimistic events in the industry. BlackRock was the primary catalyst as the company filed for a spot ether ETF with the State of Delaware, which drove the prices of most cryptocurrencies. Market confidence has been strengthened
November 11, 2023 2 mins read
After a judge in Delaware bankruptcy court accepted Celsius Network’s customer payback plan on Thursday, the defunct crypto lending firm is on pace to emerge from bankruptcy. The proposal, filed with the bankruptcy court on October 2, proposed allocating $450 million to start up a new company. Dubbed NewCo, it will
November 10, 2023 1 min read