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In the midst of mounting regulatory challenges, Binance, the world’s largest cryptocurrency exchange, is grappling with a wave of high-level executive resignations. Over the past two months, the exchange has seen a series of key departures, throwing its management and strategic stability into question. The latest exits come from Binance.US,
September 15, 2023 1 min read
Inflation in the United States surged to an annual rate of 3.7% in August, surpassing the consensus expectation of 3.6%, according to the latest Consumer Price Index (CPI) statistics released by the U.S. Bureau of Labor Statistics. This marks the second consecutive month of rising inflation, with the CPI rising
September 14, 2023 2 mins read
Bankrupt cryptocurrency exchange FTX has received approval from a U.S. court to liquidate its cryptocurrency holdings. This move aims to facilitate the repayment of customers in U.S. dollars and reduce exposure to price volatility in the crypto markets. The U.S. Bankruptcy Judge John Dorsey’s decision allows FTX to sell up
September 14, 2023 1 min read
Venturing into the world of Web3 and blockchain technology can be a thrilling yet complex journey. Several countries and governments are standing out with their unique approaches to embracing innovation native to this groundbreaking tech space. At Coinfest Asia 2023, TheNewsCrypto met Parth Chaturvedi, Investment Lead of CoinSwitch Ventures, to
September 14, 2023 5 mins read
Blockchain analysis platform Chainalysis unveiled its Global Crypto Adoption Index for 2023, revealing that India has surged to the top spot in terms of cryptocurrency adoption despite grappling with a challenging regulatory and tax environment. This marks a two-spot rise from its position in the previous year’s rankings. The report
September 13, 2023 3 mins read
The cryptocurrency market has once again experienced a significant surge in volatility following the news of FTX’s impending sale of its crypto holdings, totaling $3.4 billion. This move has placed immense selling pressure on FTX’s major holdings, including Solana (SOL), Ethereum (ETH), and Bitcoin (BTC). FTX administrators have successfully recovered
September 12, 2023 2 mins read
In the wake of the devastating earthquake that struck Morocco, leaving countless individuals in urgent need of assistance, Binance, the world’s largest cryptocurrency exchange, is stepping up with a generous relief effort. In response to the devastation caused by the recent earthquake in Morocco, #Binance Charity will airdrop up to
September 12, 2023 1 min read
The Securities and Exchange Commission (SEC) has filed yet another interlocutory appeal in its relentless pursuit of a legal case against Ripple Labs. This latest move by the SEC has not gone unnoticed, Ripple’s Chief Legal Officer, Stuart Alderoty, was quick to label it as “hypocritical.” Another SEC filing, another
September 9, 2023 2 mins read
The world’s leading cryptocurrency, Bitcoin (BTC), is navigating turbulent waters as it grapples with a series of setbacks, causing concern among traders and investors alike. Enthusiasm surrounding the swift approval of SEC’s spot Bitcoin ETFs has dwindled, and the Bitcoin value hovers precariously below the $26,000 mark, raising questions about
September 9, 2023 2 mins read
The popular altcoin Solana (SOL) stole the spotlight, revealing strength and promise in a constantly evolving crypto market. While Bitcoin (BTC) made headlines by surging past the $26,000 mark, Solana emerged as the top gainer, experiencing a 24-hour leap of nearly 4.2%, rising from $19.38 to $20.21. In recent weeks,
September 8, 2023 2 mins read