News - Page 14

On-chain data indicates that bankrupt crypto exchange FTX has recently transferred $36 million worth of altcoins to leading exchanges Coinbase and Binance. This move was detected by on-chain analytics firm Lookonchain, which reported that FTX deposited a total of ~$36 million in assets to these exchanges.

A closely followed analyst predicts that Dogecoin (DOGE), the popular dog-themed meme asset, is preparing for a significant surge in value. This projection is based on the recent surge in DOGE transactions exceeding $100,000, indicating growing interest from institutional investors and whales.

The recent admission of guilt by Binance CEO Changpeng Zhao (CZ) and his company has significant implications for the digital asset industry. Binance has agreed to pay over $4 billion in a settlement after pleading guilty to engaging in money laundering, violating sanctions, and operating an unregistered money-transmitting business. Zhao has also stepped down as CEO of the world's largest crypto exchange.

Decentralized finance (DeFi) platform KyberSwap has been hacked, resulting in the theft of tens of millions of dollars worth of virtual currencies. The hack has caused the value of KyberSwap's native asset to decrease.

According to a well-known analyst, Bitcoin is poised for a significant upward movement. The analyst, known as Credible Crypto, has a large following on social media and believes that Bitcoin is currently in a re-accumulation zone between $38,000 and $34,800. This range is referred to as the 'demand zone' and if Bitcoin holds this level, Credible Crypto predicts that the cryptocurrency could surge to $40,000. Another analyst, Kaleo, also shares this bullish sentiment and believes that Bitcoin will rally to $40,000. At the time of writing, Bitcoin is trading at $36,113.

In a recent open letter to investors, crypto veteran Dan Morehead, the CEO of Pantera Capital, shares his insights on Bitcoin's bull market and its potential duration. Morehead highlights the unique nature of Bitcoin's market cycles, which he describes as nearly 'alien' in their similarity. He attributes this predictability to Bitcoin's supply and distribution model, which follows the principles set forth by its pseudonymous creator, Satoshi Nakamoto.

After a period of intense trading, the BNB (BNB) token, which is closely linked to Binance and its affiliated blockchain networks, has shown signs of stabilization. Despite an initial sell-off, the token has now reached a level that is consistent with its trading range over the past few months.

Binance, a leading cryptocurrency exchange, has announced that its activities will now be monitored by an independent compliance monitor. This move comes after a period of uncertainty surrounding the exchange's regulatory compliance. Economist Alex Kruger believes that this development is bullish for the market.

Binance, one of the largest cryptocurrency exchanges, has been accused of knowingly allowing its platform to be used for criminal activities, including terrorist financing. The allegations were revealed through internal chats of Binance's Chief Compliance Officer (CCO) and others.

Consensus 2024 is CoinDesk's longest-running and most influential event that brings together all sides of the crypto, blockchain, and Web3 industries. This premier event provides a unique opportunity for industry professionals, enthusiasts, and investors to gather and exchange knowledge, insights, and ideas.

Despite being named in the Kraken lawsuit and facing enforcement actions from the SEC, many tokens have actually seen double-digit gains year-to-date. This challenges the assumption that being targeted by the SEC would lead to depressed prices. Traders seem to value technical capability over regulatory compliance, or they recognize that the SEC is not the only regulatory authority.

Bitcoin has experienced a significant surge in value, climbing from $25,000 in September to nearly $38,000. This remarkable growth can be attributed to the heightened optimism surrounding spot ETFs and the anticipated influx of institutional and retail investments.

GS Partners, an organization consisting of GSB Gold Standard Bank Ltd., Swiss Valorem Bank Ltd., and GSB Gold Standard Corporation AG, has recently come under scrutiny. The operation, allegedly controlled by Josip Dortmund Heit, has been accused of engaging in questionable practices. This article will delve into the details of GS Partners and shed light on the controversies surrounding the organization.

Crypto analytics firm Glassnode has identified a crucial price range that Bitcoin (BTC) needs to hold in order to avoid a massive sell-off. In their analysis, Glassnode highlights the key support level of $30,000 based on Bitcoin transaction data.

A space technology firm, Astrobotics, has announced its plans to physically take the popular meme asset Dogecoin (DOGE) to the moon in December. The firm, known for its expertise in developing space robotics technology, will be stashing physical DOGE on the Peregrine Lunar Lander when it launches on December 23rd.

South Korea's National Assembly has criticized the country's pension fund for including a digital assets company in its U.S. stock portfolio. This marks the first time the fund has invested in digital assets. The National Assembly has raised concerns about the fund's exposure to businesses related to virtual assets. One of the main objections is that digital assets do not generate cash flow, and the only way to make a return is by selling them to the next investor at a higher price.