News - Page 15

The defense team for Zhao, who has pleaded guilty to violating the Bank Secrecy Act, has filed a document opposing the U.S. Department of Justice's request to prevent Zhao from leaving the country before his sentencing in February. This document argues that Zhao should be allowed to leave the U.S. based on the fact that he voluntarily came to the country to enter his guilty plea, which demonstrates that he is not a flight risk.

Top crypto analyst Bluntz believes that the recent correction in Solana (SOL) is over and that rallies are set to continue for the leading Ethereum (ETH) rival.

A widely followed crypto analyst, Rekt Capital, is delving into the altcoin markets, with a particular focus on the interoperability blockchain Polkadot (DOT). Rekt Capital notes that the overall market for altcoins is approaching a market cap last seen around August 2022, which is a significant milestone.

Traditional gaming is undergoing a profound transformation as AI and blockchain take center stage. These technologies are not just enhancing gaming realism, but also reshaping the entire gaming experience. In this new era, players are empowered to become active participants in their gaming universes, while AI-driven gameplay and decentralized economies create a unique and immersive gaming environment.

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.

Ripple's chief legal counsel, Stuart Alderoty, has criticized the U.S. Securities and Exchange Commission (SEC) for its childish behavior in regulating crypto assets. Alderoty believes that the recent regulatory actions against Binance are a necessary step to bring the digital assets industry into compliance with important laws and safeguards.

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.