Binance Coin (BNB) is moving forward following the recent agreement between Binance and the CFTC. On Monday, December 18, the U.S. District Court for the Northern District of Illinois officially approved the agreement between cryptocurrency exchange Binance and the U.S. Commodity Futures Trading Commission (CFTC). Under the terms of the settlement, Binance will pay $2.7 billion to the CFTC. Former Binance CEO Changpeng Zhao (CZ) will pay $150 million to Binance. BNB rises by 7%! Binance has been ordered to make certain changes to its internal operations and oversight to improve transparency and prevent future legal challenges. Exchanges must implement…
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A report published by professional services network Grant Thornton found that family offices are turning to cryptocurrencies and blockchain to increase investments in these sectors. More than half of the family offices consulted have already invested in digital assets, with 38% allocating less than 1% of their portfolio to these technologies.advertising Grant Thornton report shows family office interest in cryptocurrencies and blockchain. Family offices may consider investing more funds into cryptocurrency and blockchain initiatives. A recent report by Grant Thornton, a professional services network that operates in over 147 markets and employs over 68,000 people, found that family offices are…
Legal • December 20, 2023 2:36 PM EST Posted 1 minute ago In ~ U.S. Federal Judge Lewis Kaplan has postponed the sentencing of Sam Bankman-Fried, the former CEO of bankrupt cryptocurrency exchange FTX, after his lawyers moved from March 28 to “early to mid-May 2024.” When I asked them to reschedule, they refused.Bankman-Fried is scheduled for a pre-sentence interview Thursday with the U.S. Probation and Pretrial Services System, which must recommend a sentence. His attorneys argued that the defense needed more time to prepare for sentencing proceedings.Defense attorneys argued that government disclosures required for sentencing will not be submitted…
Top 6 Cryptocurrency Market Trends and Technologies in 2024Cryptocurrencies have grown in value and diversity over the past few years. However, 2023 has been a roller coaster for the cryptocurrency market, including controversy, the emergence of multiple coins, and price fluctuations. Despite all this, more and more people are embracing these digital assets.Due to this uncertainty, it is best to educate yourself about the existing and emerging trends and technologies for 2024. In this article, we will cover today’s cryptocurrency trends and what will happen as we approach 2024. We will also share the regulations imposed on betting with cryptocurrencies.…
The SHA-256 hashing algorithm is explained here, but I don’t understand it. I know what the sigma symbol is, but I can’t decipher the rest.
Grayscale met again with the SEC to discuss the application of a spot Bitcoin ETF, and Hashdex became the second company to post an ad for a cryptocurrency ETF. Grayscale met with the SEC on Tuesday to discuss potential rule changes for ETF application, according to the report. Leaked memo shared by Bloomberg reporter James Seypart This shows that Grayscale is still pushing spot and cash trading for its Bitcoin ETF. Spot trading refers to the process of creating or redeeming ETF shares by exchanging securities such as stocks and bonds instead of cash. This method helps manage the ETF’s…
CryptoQuant said Bitcoin could rise to $160,000 next year due to factors such as halving, ETFs, approvals, and interest rate cuts. Analysts are optimistic about the potential of Bitcoin (BTC) next year, indicating several factors that could push the price towards $160,000. Bitcoin may already be on its way to more than doubling its current all-time high (ATH), according to a report from blockchain analytics firm CryptoQuant. A pyramid push for Bitcoin, according to CryptoQuant CryptoQuant highlighted several indicators, including the upcoming Bitcoin halving in April, increased network activity due to increased demand, and recorded growth in stablecoin liquidity. Additionally,…
As 2023 comes to a close, the cryptocurrency community is abuzz with excitement. In a year that has been clouded by many uncertainties, there is renewed hope for investors ahead of the new year, which is expected to start an uptrend in the closing weeks that followed. Greed and fear levels in market sentiment have reached above-average levels and are now at 73%. For the first time in a very long time, 2024 is a year to look forward to. Additionally, with the Bitcoin halving event scheduled to take place next year, certain tokens are expected to experience massive increases…
Elizabeth Warren’s latest move to increase oversight of cryptocurrencies has been met with a counterattack from industry heavyweights, including Coinbase CEO Brian Armstrong. Earlier this week, a senator from Massachusetts sent a series of letters. letterDemanding answers to what she claims is “A veneer of legitimacy.”Coinbase Armstrong: Opposing cryptocurrencies is a really bad political strategy until 2024 wrote X accused Warren of “lobbying for big banks.”“It’s sad that @ewarren, who started his career with good intentions, has morphed into a disingenuous all-rounder who grabs headlines at every opportunity,” said Galaxy Digital CEO Michael Novogratz. Posted.voting strategyCryptocurrency lawyer Scott Johnsson believes…
An unknown cryptocurrency trader is making astronomical profits after holding onto a new meme token for just a few weeks. According to on-chain data tracker Lookonchain, traders spent less than $500 to acquire a stack of Coq Inu (COQ), a memecoin running on the Avalanche (AVAX) network. According to Lookonchain, the entity in question used Avalanche-based decentralized exchange (DEX) Trader Joe’s on December 7 to exchange its AVAX assets for trillions of dollars of COQ. At the time, COQ was trading at approximately $0.0000000925. The trader then traded most of his COQ stack for AVAX and the stablecoin USDC, while…