Coinbase Announces Plans to Suspend Trading of Wrapped Bitcoin
Coinbase has declared its intention to suspend trading of Wrapped Bitcoin (WBTC) come December, highlighting undisclosed issues that failed to meet the exchange’s rigorous token listing standards. The cryptocurrency exchange…
Indicators Suggesting a Potential Peak in Bitcoin Prices
CryptoQuant, an onchain data service, has identified several key metrics that can indicate when Bitcoin may be nearing a price peak. According to a recent update posted on November 19,…
Paxos Expands into the EU with Membrane Finance Acquisition for Stablecoin Growth
Paxos, a leading blockchain infrastructure platform, has strategically positioned itself for an expansion into the European market by acquiring Membrane Finance, a Finnish Electronic Money Institution. This acquisition is set…
PayPal Enhances Cross-Border Payments with Xoom Using PYUSD Stablecoin
PayPal has announced a significant step in its global payments strategy by tapping Xoom to facilitate cross-border payments using its stablecoin, PayPal USD (PYUSD), as of November 19. This initiative…
Hong Kong Cyberport’s Web3 Ecosystem Expands to 270 Blockchain Companies
Hong Kong‘s Cyberport, a state-supported business hub, has rapidly expanded its roster of blockchain-related enterprises to over 270, following the addition of more than 120 firms in just 16 months.…
Launch of DeFi Vaults for BlackRock’s BUIDL by Securitize and Elixir
On November 19, Securitize and Elixir introduced a significant innovation in the realm of tokenized securities with the launch of a liquid staking token (LST) for BlackRock’s onchain money fund,…
Collaboration Among Chainlink, Microsoft, and Banco Inter in Brazilian CBDC Pilot
The Banco Central do Brasil (BCB), the central bank of Brazil, has initiated the second phase of its Drex central bank digital currency (CBDC) pilot, aimed at enhancing cross-border transactions…
California Court Holds DAO Participants Accountable Under Partnership Laws
On November 18, a landmark decision by Judge Vince Chhabria of the U.S. District Court for the Northern District of California set a significant legal precedent affecting members of decentralized…
Shaquille O’Neal Agrees to $11 Million Settlement in Astrals NFT Class Action
Former NBA superstar Shaquille O’Neal recently finalized an $11 million settlement in a class action lawsuit concerning his promotion of the Astrals non-fungible token (NFT) collection. This legal resolution also…
Trump Appoints Brendan Carr as FCC Chairman
President-elect Donald Trump has appointed Brendan Carr as the new chairman of the Federal Communications Commission (FCC), as reported by The New York Times. Carr, who has been a member…
The Significance of the US Launch of Spot Bitcoin Options
The forthcoming introduction of spot Bitcoin exchange-traded fund (ETF) options in the United States marks a significant milestone in the evolution of financial markets, with potential profound impacts on liquidity…
Coinbase CEO to Meet with Trump to Discuss Personnel Appointments
Brian Armstrong, CEO of the U.S.-based cryptocurrency exchange Coinbase, is slated to meet with President-elect Donald Trump. This meeting, reported by the Wall Street Journal on November 18, is part…
‘Razzlekhan’ Receives 18-Month Prison Sentence for Role in Bitfinex Crypto Theft
In a notable legal development, one of the individuals linked to the laundering of stolen Bitcoin from the 2016 Bitfinex hack has been sentenced to 18 months in prison. Washington,…
Goldman Sachs to Spin Out Crypto Platform
Goldman Sachs is setting the stage to spin out its cryptocurrency platform into a separate entity dedicated to creating and trading financial instruments on blockchain networks, as reported by Bloomberg…
South Korean City Threatens to Sell Crypto Assets of Tax Debtors
Authorities in the South Korean city of Paju, located in Gyeonggi Province, have announced plans to seize and sell the cryptocurrency holdings of residents who have unpaid taxes. On November…
Crypto.com to Offer Equities Trading to Australians After Acquiring Fintek
Crypto.com, a global cryptocurrency exchange, has made a significant move by acquiring Australian brokerage and trading firm Fintek Securities, enabling the platform to offer traditional financial products to users in…
Polish Presidential Candidate Pledges Support for Strategic Bitcoin Reserve
Polish presidential candidate Sławomir Mentzen has vowed to create a Bitcoin reserve if he wins the country’s 2025 election, echoing a similar promise made by U.S. President-elect Donald Trump during…
Senator Lummis Advocates for Treasury to Convert Gold Holdings into Bitcoin for Strategic Reserve
Wyoming Senator Cynthia Lummis is pushing for the United States Treasury Department to convert a portion of its gold holdings into Bitcoin in order to establish a Bitcoin strategic reserve.…
Current Bitcoin Price Ceiling Projected at $135K
CryptoQuant’s founder and CEO, Ki Young Ju, has revised his earlier price predictions for Bitcoin, now projecting a price ceiling of $135,000, with a 2024 target of $112,000. This updated…
NFT Weekly Sales Surge 94% as Crypto Market Continues Bullish Run
Non-fungible tokens (NFTs) have experienced a remarkable surge in sales, with a total weekly sales volume of $181 million, driven by the broader bullish momentum in cryptocurrency markets. According to…