Cryptocurrency
The United States Securities and Exchange Commission called on the public to comment on a proposed rule change that could allow asset management firm Fidelity to offer shares of its spot Ether (ETH) exchange-traded fund, or ETF. In a Nov. 30 notice, the SEC said “interested persons” may comment on the Fidelity offering, proposing the…
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It appears that withdrawals from crypto exchange Binance have largely subsided after its $4.3-billion settlement with the United States Department of Justice last week. Data from blockchain analytics firm Nansen shows that Binance witnessed a net inflow of $87.4 million in Ethereum token deposits in the past seven days. Meanwhile, the net withdrawal of multichain…
We’re rolling out one genuine use case for AI and crypto each day this week — including reasons why you shouldn’t necessarily believe the hype. Today: How blockchain can fight the fakes. Generative AI is extremely good at generating fake photos, fake letters, fake bills, fake conversations — fake everything. Near co-founder Illia Polosukhin warns…
Read More “Real AI & crypto use cases, No. 4 – Cointelegraph Magazine” »
Business intelligence firm MicroStrategy purchased 16,130 Bitcoin (BTC) in November, bringing its total holdings to more than $6 billion. In a Nov. 30 announcement, MicroStrategy co-founder Michael Saylor said the company acquired the BTC for roughly $593.3 million — a price of $36,785 per Bitcoin. As of Nov. 29, MicroStrategy reported it held 174,530 BTC…
Read More “Bitcoin for Christmas: MicroStrategy buys another $600M” »
Crypto exchange Binance launched a pilot program that allows banks to store trading collateral off-exchange, according to a Nov. 30 announcement. Binance claimed that the program would help reduce counterparty risk. Binance trading interface. Source: Binance According to the announcement, the program allows institutions to hold collateral at a third-party bank instead of depositing it…
Read More “Binance launches pilot program for bank custody of collateral” »
Bitcoin (BTC) brushed off fresh United States macro data into the Nov. 30 Wall Street open as traders focused on the monthly close. BTC/USD 1-hour chart. Source: TradingView PCE keeps Fed pivot pressure alive Data from Cointelegraph Markets Pro and TradingView showed BTC price movements sticking to a narrow intraday range below $38,000. After a…
Read More “Bitcoin eyes best November since 2020 as PCE fails to move BTC price” »
Pudgy Penguins minted in July 2021, but quickly saw high drama after its former founder came under suspicion he was going to rug the project. A few months later Luca Schnetzler stepped in. With an entrepreneurial streak since his early teens he had a history of building internet businesses and bought the project and its…
The RARI Foundation, the nonprofit arm of the Rarible ecosystem, officially released a testnet for an EVM-equivalent blockchain called “RARI Chain,” with royalties embedded into its nodes. In an announcement sent to Cointelegraph, the RARI foundation said the RARI Chain will be a nonfungible token (NFT) infrastructure solution built on Arbitrum. With royalties embedded on…
Read More “Rarible’s RARI Foundation taps Arbitrator for royalty-embedded EVM chain” »
The United States’ approach to cryptocurrencies could do more harm than good and they risk losing major players by the time they “get their act together,” Cardano founder Charles Hoskinson has said. “When you look at some of the U.S. regulators, in particular, they’ve done a really good job of alienating most of the industry….
Read More “US regulators doing ‘good job of alienating’ crypto sector — Cardano founder” »
Update Nov. 30 1:10PM UTC: This article has been updated to add details on the hackers demands. The hacker behind the $46 million KyberSwap exploit has finally released their conditions for the return of the stolen funds, which includes “complete executive control” over the Kyber company. On Nov. 30, the KyberSwap hacker sent an on-chain…
Read More “KyberSwap hacker demands complete control over Kyber company” »
