Coinatory

A recent public consultation regarding Canada's central bank digital currency (CBDC) initiative has revealed that Canadians generally have a negative outlook on it, which aligns with the concerns expressed by the Bank of Canada about its nationwide adoption. The Canadian central bank initiated the 'digital Canadian dollar public consultation' with the aim of finding a role for CBDCs in a digital payment landscape dominated by methods like credit cards. However, after collecting 89,423 responses in a survey, it became evident that Canadians are calling for regulations that would make it mandatory for businesses to accept physical cash as a valid payment method. According to the Bank of Canada's report, nearly 95% of respondents had either heard of or were familiar with the concept of a digital Canadian dollar. While awareness is Read more about Bank of Canada's CBDC Initiative Faces Negative Public Sentiment #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptoma...

Germany's Bitcoin Group is facing increased oversight from the financial regulator BaFin, which has identified significant weaknesses in its subsidiary Futurum Bank's measures for anti-money laundering and counter-terrorism financing. This action highlights the growing emphasis on regulatory compliance in the cryptocurrency industry, particularly concerning financial crimes. In response to the regulator's findings, Bitcoin Group has recognized the importance of these concerns and has committed to resolving them. The company has stated that there are currently no signs of violations in its anti-money laundering or counter-terrorism financing practices. However, this does not completely alleviate the gravity of BaFin's observations. BaFin's criticism focuses on substantial deficiencies in Futurum Bank's internal controls, including Read more about Bitcoin Group Responds to BaFin's Critique #BitcoinGroup, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News,...

The Swiss asset management firm Pando Asset is seeking approval from the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin ETF. This proposal, named the Pando Asset Spot Bitcoin Trust, intends to be listed on the Cboe BZX Exchange and plans to use Coinbase as its custodian. The trust aims to determine Bitcoin prices using the CME's CF Bitcoin Reference Rate. Pando Asset's initiative is in line with its existing products in Europe, where it offers exchange-traded products tracking major cryptocurrencies on the SIX Swiss Exchange. This move marks a strategic effort to reach a wider global investor base, particularly in the cryptocurrency market. However, the SEC has been traditionally cautious regarding spot crypto ETFs, often delaying or rejecting similar proposals from major asset managers like BlackRock, Fidelity, Read more about Swiss Firm Pando Asset Seeks SEC Nod for Bitcoin ETF #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #PandoAsset

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsBuilding Approvals (MoM) (Oct)  1.4%-4.6%00:302 pointsPrivate New Capital Expenditure (QoQ) (Q3)1.0%2.8%01:302 pointsBoJ Board Member Nakamura Speaks  ------------------01:302 pointsChinese Composite PMI (Nov)---------50.701:303 pointsManufacturing PMI (Nov)49.649.501:302 pointsNon-Manufacturing PMI (Nov)51.150.610:002 pointsCore CPI (YoY)  3.9%4.2%10:003 pointsCPI (YoY) (Nov)  2.8%2.9%10:002 pointsCPI (MoM)  ---------0.1%10:002 pointsUnemployment Rate (Oct)6.5%6.5%13:303 pointsCore PCE Price Index (YoY) (Oct)3.5%3.7%13:303 pointsCore PCE Price Index (MoM) (Oct)0.2%0.3%13:303 pointsInitial Jobless Claims218K209K13:302 pointsPCE Price index (YoY) (Oct)3.1%3.4%13:302 pointsPCE price index (MoM) (Oct)0.1%0.4%13:302 pointsPersonal Spending (MoM) (Oct)0.2%0.7%13:302 pointsECB Read more about Upcoming economic events 30 November  2023 #ECONOMICEVENTS, #Forecast, #UPCOM...

As countries worldwide are increasingly working on regulating the taxation of virtual assets, Spain has introduced new legislation that obliges its residents to report their cryptocurrency holdings on foreign platforms by March 31, 2024. The Spanish Tax Administration Agency, known as Agencia Tributaria, has introduced a dedicated tax declaration form called form 721 for reporting virtual assets held abroad. This recent announcement, published in the official state gazette on July 29, 2023, outlines the timeline for submitting form 721 declarations, which will run from January 1 to the end of March 2024. Both individual and corporate taxpayers must disclose the amount of funds they have in their foreign cryptocurrency accounts as of December 31, 2023. It's worth noting that the reporting requirement applies only to individuals Read more about Spain Implements Stricter Reporting Rules for Cryptocurrency Holdings #Adoption, #Altcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryp...

Ethereum's supply has recently become deflationary, highlighted by a drop in validator participation and a decrease in transactions related to NFTs and decentralized finance (DeFi). Glassnode data reveals a substantial shift in Ethereum's blockchain towards deflation, influenced by lessened validator engagement and more network activity. A significant number of validators have left the Ethereum staking pool since October, slowing down the rate at which ETH is issued. This slowdown aligns with a generally bullish outlook in the digital asset markets. Lowered validator activity reduces ETH issuance, and when paired with increased network activity, it leads to more ETH being burned via EIP1559. Meanwhile, NFT and DeFi transactions have declined by 3% and 57% respectively in the last four months. Conversely, the usage of tokens and Read more about Ethereum Shifts to Deflationary Trend as Validator Participation and NFT, DeFi Transactions Decrease #Cryptocurrency, #Cryptomarket, #Cr...

Spain has recently implemented new cryptocurrency tax regulations, mandating that its residents disclose their digital currency holdings on international platforms. The Spanish Tax Administration Agency, known as Agencia Tributaria, has introduced Form 721 specifically for reporting virtual assets held abroad. According to these rules, both individual and business taxpayers in Spain are required to declare the value of their cryptocurrency assets held on foreign platforms as of December 31st. The timeframe for this declaration starts on January 1, 2024, and ends at the close of March 2024. This obligation is applicable to those whose holdings surpass €50,000. For cryptocurrencies held in personal wallets, the pre-existing wealth tax form, Form 714, should be used. This initiative is a part of Agencia Tributaria's larger effort to Read more about Spain Enacts New Crypto Tax Rules #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #Spain

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsConstruction Work Done (QoQ) (Q3)0.3%0.4%01:003 pointsRBNZ Interest Rate Decision5.50%5.50%01:002 pointsRBNZ Monetary Policy Statement  ------------------01:002 pointsRBNZ Rate Statement  ------------------01:302 pointsBoJ Board Member Adachi Speaks  ------------------02:002 pointsRBNZ Press Conference  ------------------08:002 pointsEuropean Central Bank Non-monetary Policy Meeting  ------------------13:303 pointsGDP (QoQ) (Q3)  4.9%2.1%13:302 pointsGDP Price Index (QoQ) (Q3)  3.5%1.7%13:302 pointsGoods Trade Balance (Oct)  -86.70B-86.84B13:302 pointsRetail Inventories Ex Auto (Oct)  ---------0.4%15:303 pointsCrude Oil Inventories---------8.701M15:302 pointsCushing Crude Oil Inventories---------0.858M18:452 pointsFOMC Member Mester Speaks  ------------------19:002 points Read more about Upcoming economic events 29 November...

Coinbase (COIN) shares have reached their highest level in 18 months, following the guilty pleas of Binance and its former CEO Changpeng Zhao in the United States for money laundering and sanctions violations. On November 27th, Coinbase closed at $119.77, marking its highest price since May 5, 2022, when it closed at $114.25, according to data from TradingView. There has been little movement in after-hours trading. This recent increase in Coinbase's share price represents a year-to-date gain of approximately 256.5%. However, it's worth noting that it is still down by 65% from its all-time high of nearly $343 on November 12, 2021. Coinbase's share price surge coincides with the recent developments involving Binance and its founder Changpeng "CZ" Zhao, who pleaded guilty to money laundering, U.S. sanctions violations, and operating Read more about Binance's Guilty Pleas Propel Coinbase Shares to New Heights #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryp...

The Hong Kong Police and the Securities and Futures Commission (SFC) are investigating Hounax, an unlicensed cryptocurrency exchange, following the submission of 145 fraud reports. This situation arises after the apprehension of individuals associated with the JPEX cryptocurrency fraud. Hounax, a Hong Kong-based virtual asset trading platform, has been implicated in a rug pull scheme, with local reports citing losses of about HK$148 million from 145 victims. The SFC, under the leadership of CEO Julia Leung, has received 18 complaints about Hounax, involving sums ranging from HK$12,000 to HK$10 million. Leung emphasized that Hounax is not a licensed platform and has not sought licensing from the SFC, limiting the Commission's ability to intervene directly. The context of this investigation is broadened by the recent arrests in Taiwan Read more about Hong Kong Authorities Probe Unlicensed Crypto Exchange Hounax #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #HongKong, #News, #Poli...

A Bitcoin user claimed ownership of funds involved in a historic transaction, alleging they were hacked. This incident, involving miner AntPool receiving over 83 BTC in transaction fees, marks the highest Bitcoin fee for a single transaction to date. On November 24, an anonymous user, under the handle "@83_5BTC," stated they inadvertently paid 83.5 BTC in fees while setting up a new cold wallet. The user speculated that a hacker used an automated script to hijack their transaction, resulting in a fee estimated at $3.1 million. Crypto.news reported the event a day earlier, mentioning a transaction of 139.4 BTC mined by AntPool. The user claiming ownership explained they were transferring 139 BTC to a new cold wallet, which was then immediately redirected to another wallet, suggesting a script-based interference with an unusual fee Read more about Bitcoin User Claims Ownership of Hacked Funds in Record-Breaking Fee Transaction Involving Miner AntPool #Altcoin, #AntPool, #Bitcoi...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsRetail Sales (MoM) (Oct)  0.2%0.9%05:002 pointsBoJ Core CPI (YoY)3.4%3.4%12:302 pointsECB McCaul Speaks  ------------------14:002 pointsS&P/CS HPI Composite - 20 n.s.a. (MoM) (Sep)---------0.4%14:002 pointsS&P/CS HPI Composite - 20 n.s.a. (YoY) (Sep)4.2%2.2%15:003 pointsCB Consumer Confidence (Nov)101.0102.615:052 pointsFed Waller Speaks  ------------------15:452 pointsFOMC Member Bowman Speaks  ------------------16:002 pointsECB President Lagarde Speaks  ------------------18:002 points7-Year Note Auction---------4.908%18:302 pointsECB's Lane Speaks  ------------------21:302 pointsAPI Weekly Crude Oil Stock---------9.047M Read more about Upcoming economic events 28 November  2023 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

In a recent X (previously known as Twitter) post, the well-known cryptocurrency analyst ionicXBT cautioned his extensive follower base against treating crypto trading as a regular job. “Here’s why: Trading is a Business. When trading, you don’t get paid for time. You get paid for: – Trading decisions you make – The actions and processes you follow – How well you manage your risk – How well you maintain emotional control.” He stressed that approaching trading with a job mentality is a mistake. He encouraged his followers to focus more on honing their skills rather than increasing their trading time. Additionally, he highlighted the absence of a guaranteed income or overtime pay in crypto trading, pointing out that the onus of making profits or facing losses lies entirely with the investor. source Read more about IonicXBT's Warning: Crypto Trading is Not a Regular Job #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #...

Eighteen countries, including the United States, United Kingdom, Australia, Canada, France, Germany, Israel, Italy, Japan, New Zealand, Nigeria, Norway, South Korea, and Singapore, have collectively published a set of guidelines aimed at bolstering the security of AI models. Released on Nov. 26, the 20-page document urges AI companies to prioritize cybersecurity, emphasizing the need for "secure by design" practices. This initiative, spearheaded by the U.S. Secretary of Homeland Security Alejandro Mayorkas, highlights the critical role of cybersecurity in the rapidly evolving field of AI. The document offers broad recommendations, such as stringent control over AI infrastructure and continuous monitoring for potential tampering. It also stresses the importance of training staff in cybersecurity. However, it doesn't address some Read more about 18 Countries Unite for AI Security Standards #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #E...

Gold's recent surge to a record high price is being hailed as "excellent news" by Robert Kiyosaki, the renowned author of "Rich Dad Poor Dad." Kiyosaki, a strong advocate for Bitcoin (BTC), has once more recommended that investors consider both gold and Bitcoin as investment options. With a substantial social media following of over 2.4 million, he has highlighted Bitcoin as a promising investment avenue. Kiyosaki's recent statements are in line with his earlier advice about focusing on the top cryptocurrency for investment. Amid concerns about the effects of inflationary policies, Kiyosaki, as a financial educator, has suggested that traders and investors look towards BTC as a hedge. He argues that inflation, which he links to Marxist ideologies, tends to increase prices, whereas true capitalism aims to reduce them. He suggests Read more about Robert Kiyosaki Champions Bitcoin and Gold Amidst Economic Uncertainties, Contrasts with Warren Buffett's Views...

Bitcoin mining has reached a historic peak, with mining difficulty surging by 5.07% to an all-time high of 67.96 T (terahashes). According to BTC.com, a blockchain explorer, this jump in Bitcoin (BTC) mining difficulty has hit a remarkable 67.96 T. The average hashrate, which measures the computational power of the Bitcoin network, stands strong at 504.80 EH/s (exahashes per second). Throughout 2023, Bitcoin mining difficulty has been consistently rising, with the latest change at block height 818496 marking another significant milestone in the cryptocurrency's journey. Mining difficulty is a variable measure that adjusts approximately every two weeks to maintain a consistent block time - the time taken to discover and add a new block to the blockchain. These adjustments are crucial to balance fluctuations in the network's hashrate Read more about Bitcoin Mining Difficulty Reaches Record High at 67.96 T #Bitcoin, #BitcoinMining, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cry...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious13:003 pointsBuilding Permits1.487M1.471M13:002 pointsBuilding Permits (MoM)1.1%-4.5%14:002 pointsECB President Lagarde Speaks  ------------------15:003 pointsNew Home Sales (Oct)721K759K15:002 pointsNew Home Sales (MoM) (Oct)---------12.3%16:302 points2-Year Note Auction---------5.055%18:002 points5-Year Note Auction---------4.899%20:302 pointsCFTC Crude Oil speculative net positions---------215.7K20:302 pointsCFTC Gold speculative net positions---------155.4K20:302 pointsCFTC Nasdaq 100 speculative net positions---------0.3K20:302 pointsCFTC S&P 500 speculative net positions----------52.8K20:302 pointsCFTC AUD speculative net positions----------71.0K20:302 pointsCFTC JPY speculative net positions----------130.2K20:302 pointsCFTC EUR speculative net positions---------108.9K Read more about Upcoming economic events 27 November  2023 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Nigerian authorities have detained Ambassador Wilfred Bonse, a notable Nigerian politician, on charges of theft and money laundering related to a security breach at Patricia Technologies Ltd., a cryptocurrency trading firm. This information comes from ACP Olumuyiwa Adejobi, the Nigerian Police Force's (NPF) public relations officer, who confirmed that Bonse's arrest is a result of the investigation into the hacking incident at Patricia. Adejobi revealed that Bonse is accused of funneling 50 million naira (about $62,368) from a total of 607 million naira (approximately $757,151) that was illicitly transferred from Patricia's system to his account through a cryptocurrency wallet. Before his arrest, Bonse was a candidate for governor in Nigeria's Southern region. The investigation is ongoing, and while some suspects are still at large, Read more about Nigerian Politician Arrested for Alleged Involvement in $757K Crypto Heist #Blockchain, #Cryptocurrency, #Cryptomarket, #Cr...

Dan Tapiero, the CEO of 1RoundTable Partners, a growth equity fund, predicts that Bitcoin (BTC) will exceed $100,000. He describes this as a conservative estimate, suggesting that the leading cryptocurrency could experience even more significant growth in the next five years. Tapiero, recognized for his expertise in macroeconomics and fund management, recently expressed a cautiously optimistic view on the future value of Bitcoin. An increase to $100,000 would represent a substantial 160% gain from its current level. “When I first started seriously analyzing this in 2019, my target was always about $250,000 to $350,000 for Bitcoin,” Tapiero states. He views this as a realistic forecast for the end of the decade, outlining a plausible growth path for Bitcoin. In conversations with Raoul Pal, a former executive at Goldman Sachs, T Read more about Dan Tapiero Foresees Bitcoin Soaring Beyond $100,000: A Conservative Yet Optimistic Crypto Outlook #Bitcoin, #BTC, #Cryptocurrency, #...

MicroStrategy, a company enthusiastic about Bitcoin, saw its shares (NASDAQ:MSTR) end above $500 on Black Friday, reaching a level not seen since December 2021. The firm's market value hit $7.33 billion, as reported by a New York-based, technology-focused stock exchange. The company's strategy of maintaining a substantial Bitcoin portfolio has paid off. Despite starting the year with a quarterly loss, its stock value doubled in just a month. MicroStrategy, under the leadership of founder and chairman Michael Saylor, who began investing in Bitcoin in August 2020 as an inflation safeguard, is now among the largest institutional Bitcoin owners. Michael Saylor, speaking to CNBC, expressed optimism about the next 12 months. He anticipates rising demand and shrinking supply for Bitcoin, a situation he views as unprecedented in Wall Read more about MicroStrategy Hits Highs Not Seen Since 2021 #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum

Tether and Bitfinex have decided not to oppose the Freedom of Information Law (FOIL) request initiated by journalists, including Zeke Faux, Shane Shifflett, and Ada Hui, who they claim exhibit "certain behaviors." The companies contend that Faux's earlier reports on Tether and Bitfinex went beyond the scope of professional journalism. In their Nov. 24 announcement, Tether and Bitfinex assert that news organizations such as The Wall Street Journal and Bloomberg have journalists involved in the ongoing FOIL request who have produced “one-sided and inaccurate” reports. In contrast, Tether and Bitfinex aim to establish a higher ethical standard and “lead by example.” The current FOIL request relates to the settlement between Tether, Bitfinex, and the New York Attorney General (NYAG) in February 2021. Originally reported by CNBC, the s Read more about Tether and Bitfinex Embrace Transparency, Not Opposing FOIL Request #Bitfinex, #Cryptocurrency, #Cryptomarket, #Crypto...

Richard Teng, the new CEO of Binance, has committed to maintaining the core values of the exchange, focusing on innovation, and enhancing consumer protection worldwide. This commitment marks a pivotal moment in the company's history. Teng's ascension to the top position follows Changpeng Zhao's resignation, which was influenced by a pretrial agreement with the U.S. Department of Justice, prompting Zhao to step down as the CEO of Binance. I'll be doing lots of talking over the next few weeks. Interviews, events, AMAs & more. Look forward to meeting many of you soon. One point to reinforce now - #Binance’s core values will not change. We remain focused on protecting users & building a platform people love to use. The new CEO of the world's largest crypto exchange began his journey with Binance as the head of its S Read more about Teng's Vision: Reinventing Binance #Adoption, #Altcoin, #Bitcoin, #Cryptomarket, #Cryptonewstoday, #Ethereum

Singapore's Monetary Authority is introducing new measures to curb retail cryptocurrency trading, with a focus on protecting customers from the risks of speculative assets. These measures, announced on November 23, include prohibiting crypto businesses from providing incentives like free tokens for signing up, as these could impair retail customers' judgment. Despite most respondents opposing these restrictions in a consultation, the Authority argued that such incentives could entice people to trade without fully understanding the risks. Additionally, businesses will no longer be able to offer margin or leverage transactions to customers, and accepting local credit cards for crypto transactions will also be banned. This is to prevent easy access to debt financing for retail customers. These rules will gradually come into effect Read more about Singapore Tightens Crypto Trading Regulations to Protect Retail Investors #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Crypto...

SpaceX and BitOK have uncovered a fraudulent cryptocurrency giveaway scam that falsely used Elon Musk's name, duping people into donating $165,000. Scammers used a deepfake of Musk in live YouTube streams, now removed, to lure victims. According to a report shared with crypto.news, viewers were prompted to visit a website via a QR code in the stream, where they were instructed to send cryptocurrency to certain addresses, with the promise of a 200% bonus return. The scam also involved fake SpaceX YouTube broadcasts, attracting 180,000 subscribers. The Bitcoin (BTC) address for donations, identified as bc1qc4rwqqf0q75rn032knwkvxtrdm4vurkusr8s4k, received about 2.48 BTC, worth around $91,566. These funds were then moved to another address, bc1q6yjkfe0edtyn4luwskx30gg35r7eclllfsp3jg. From there, 1.25 BTC was sent to a KuCoin exchange Read more about SpaceX and BitOK Expose $165K Crypto Scam Featuring Deepfake Elon Musk on YouTube #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ElonM...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsau Jibun Bank Japan Services PMI  ---------51.609:002 pointsECB President Lagarde Speaks  ------------------12:002 pointsECB's De Guindos Speaks  ------------------14:452 pointsS&P Global US Manufacturing PMI (Nov)  49.850.014:452 pointsS&P Global Composite PMI (Nov)  ---------50.714:453 pointsS&P Global Services PMI (Nov)  50.350.6 Read more about Upcoming economic events 24 November  2023 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

U.S. Representative Tom Emmer has urged Congress to enhance cryptocurrency-related activities in the United States to strengthen national security. He referenced the Department of Justice's recent actions against Binance, a major crypto exchange, to argue that existing laws in the crypto sector are effective and don't require rewriting. Rep. Emmer, the House Majority Whip, emphasized this point following the Department of Justice's settlement with Binance and its CEO, Changpeng Zhao (CZ). He asserted on a social media platform that the successful prosecution under current laws proves their adequacy in combating illegal activities in the crypto world. Emmer is a vocal proponent of pro-crypto legislation. He recently influenced the adoption of an amendment in the House of Representatives, as part of the Financial Services and Read more about USA Vision: Crypto as a National Asset #Blockchain, #Cryptocurrency, #Cryptomarket, #Ethereum, #Regulations

Analysts at JPMorgan have praised Binance's recent $4.3 billion settlement with the U.S. Department of Justice as a positive development for the cryptocurrency industry. They believe this resolution will benefit not only Binance but also the broader crypto market, according to reports from the Block. The settlement is viewed as particularly beneficial for Binance's operations and its BNB Smart Chain business. JPMorgan's analysts note that the agreement brings essential clarity and reduces uncertainty around Binance, benefiting the entire cryptocurrency market. JPM analysts also highlight that resolving these legal issues removes a significant systemic risk. There were concerns that Binance's problems could lead to wider market instability, particularly if the exchange collapsed. Regarding the aftermath and future implications Read more about JPMorgan Applauds Binance's $4.3 Billion DOJ Settlement, Heralding Stability and Clarity in Crypto Market #Binance, #Bitcoin, ...

Tether's CEO Paolo Ardoino explained that a significant minting event at the company's treasury was for stocking purposes. Meanwhile, crypto enthusiasts speculated a bullish trend, attributing it to substantial USDT transactions by whales. On November 22, Whale Alert noted the creation of $1 billion USDT at Tether's treasury, sparking discussions among crypto supporters about increased investments in cryptocurrencies and a potential rise in token prices, hinting at a forthcoming bull market. Ardoino responded to these developments, clarifying that the minting was intended to bolster USDT liquidity on the Tron blockchain. He mentioned that this fund would be used for future issuance demands on Justin Sun's decentralized platform. Concurrently, the on-chain analysis firm LookOnChain observed a specific crypto whale acquiring over $1.1 Read more about Significant USDT Minting by Tether for Liquidity Boosts, Whale Activity Spurs Bullish Crypto Sentiment #Binance, #Cryptocur...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious09:002 pointsHCOB Eurozone Manufacturing PMI (Nov)  43.443.109:002 pointsHCOB Eurozone Composite PMI (Nov)  46.946.509:002 pointsHCOB Eurozone Services PMI (Nov)  48.147.812:302 pointsECB Publishes Account of Monetary Policy Meeting  ------------------19:302 pointsECB's Schnabel Speaks  ------------------21:302 pointsFed's Balance Sheet---------7,815B21:452 pointsCore Retail Sales (QoQ)-1.5%-1.8%21:452 pointsRetail Sales (QoQ) (Q3)-0.8%-1.0%23:302 pointsNational Core CPI (YoY) (Oct)3.0%2.8% Read more about Upcoming economic events 23 November  2023 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

The crypto world was rocked yesterday by news of Binance's legal settlement and the resignation of its founder and former CEO, Changpeng Zhao. This development triggered a widespread decline in crypto asset prices, significantly affecting the market. The turbulence has particularly impacted investors using high leverage, leading to a surge in liquidations. Over $200 million worth of positions were liquidated within a day due to this increased market volatility. Adding to the upheaval, Changpeng Zhao admitted to shortcomings in implementing effective anti-money laundering measures at Binance, which also contributed to market instability. This admission coincided with a sharp drop in the price of Binance Coin (BNB), which plummeted from a high of $275 to a 20-day low of $222, losing about 20% of its value in less than 24 Read more about 200 Million in Liquidations Following CZ's Departure from Binance #Adoption, #Blockchain, #Cryptocurrency, #Cryptonewstoday, #News, #Regulations

Cryptocurrency exchange Kraken has stated that its operations remain unaffected following a lawsuit filed by the U.S. Securities and Exchange Commission (SEC), which it describes as "incorrect" and "disastrous." The lawsuit, directed at Kraken's parent companies Payward and Payward Ventures, accuses them of functioning as an unregistered online trading platform. Kraken asserts in a blog post that this legal action does not influence its services and reaffirms its dedication to both U.S. and international customers and partners. This lawsuit is part of a broader pattern of actions by the SEC against other crypto exchanges like Coinbase and Binance, which are accused of operating unregulated securities exchanges. In a separate development, the U.S. Department of Justice is reportedly pursuing over $4 billion from Binance in a Read more about Kraken Asserts Innocence in Wake of SEC Legal Action #Adoption, #Blockchain, #Cryptomarket, #Cryptonewstoday, #Ethereum, #Ne...

Ubisoft, the company behind Assassin's Creed, has decided to halt its advertisements on Twitter, as reported by Axios. This move follows similar actions from major tech and entertainment companies like Apple, IBM, Oracle, Disney, Paramount, Lionsgate, Comcast, NBCU, and Warner Bros. Discovery, who have expressed concerns over the unchecked spread of antisemitic content on the platform. Although Ubisoft hasn't officially stated its reason for suspending Twitter ads, the trend of large corporations withdrawing their advertising could have played a role in their decision. Decrypt has attempted to contact Ubisoft for a statement but hasn't received a reply yet. Ubisoft is introducing Rayman and 'Captain Laserhawk' NFT Avatars to The Sandbox. Twitter's new owner, Elon Musk, recently agreed with a tweet widely viewed as antisemitic and Read more about Ubisoft Halts Twitter Ads Amid Concerns #Altcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regulations

Fahrenheit's proposal to restructure the bankrupt cryptocurrency lender Celsius has been stalled by the U.S. Securities and Exchange Commission's (SEC) request for additional information, highlighting the ongoing regulatory challenges in the cryptocurrency industry. Fahrenheit, an investment consortium that includes Arrington Capital, U.S. Bitcoin Corp., and Proof Group, had won a bid to revive Celsius. Despite receiving approval from a bankruptcy court, the plan is now on hold due to the SEC's inquiries. The SEC is seeking more details about Celsius's assets, which has slowed the process. Fahrenheit's original strategy involved distributing approximately $2 billion in Bitcoin (BTC) and Ethereum (ETH) to Celsius's creditors and establishing a new company. This new entity was intended to manage Celsius's Bitcoin mining operations, Read more about Fahrenheit's Plan to Revive Bankrupt Crypto Lender Celsius Halted by SEC's #Blockchain, #Celsius, #Cryptoc...

The Canadian Office of the Superintendent of Financial Institutions (OSFI) is actively engaging in the evolving cryptocurrency landscape. They are currently seeking feedback to formulate guidelines for how banks should disclose their interactions with cryptocurrencies. This initiative is part of a broader effort to enhance transparency and stability in the financial system, especially in the context of digital currencies. The OSFI intends to publish preliminary guidelines by the upcoming fall and aims to complete them by 2025. This timeline raises questions about the pace of regulatory adaptation to the rapidly changing cryptocurrency sector. Additionally, the OSFI is focusing on harmonizing its regulations with international standards, particularly those established by the Basel Committee on Banking Supervision. They are Read more about Canada's OSFI Seeks Feedback for Crypto Reporting Guidelines in Banking Sector #Canada, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsRBA Meeting Minutes  ------------------13:452 pointsECB McCaul Speaks  ------------------15:003 pointsExisting Home Sales---------3.96M15:002 pointsExisting Home Sales (MoM) (Oct)----------2.0%15:003 pointsExisting Home Sales (Oct)3.90M3.96M16:002 pointsECB President Lagarde Speaks  ------------------17:152 pointsECB's Schnabel Speaks  ------------------19:003 pointsFOMC Meeting Minutes  ------------------21:302 pointsAPI Weekly Crude Oil Stock---------1.335M Read more about Upcoming economic events 21 November  2023 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Gabby Dizon, CEO and co-founder of Yield Guild Games, forecasts that the most successful Web3 games next year will shift their focus from play-to-earn (P2E) models to a completely free-to-play approach to attract more players. In a conversation with Cointelegraph, Dizon highlighted the contrast with games like Axie Infinity, which require players to buy at least three Axie NFTs to participate. He envisions a new trend in Web3 gaming where financial and technical entry barriers are minimized, saying, "For millions of people to get into a game, it has to be free-to-play first." Dizon noted an evolving business model where games start as free-to-play, and only later do opportunities arise for players to mint NFTs or earn tokens, without initial NFT ownership requirements. He believes this move towards a free-to-play model is part of Read more about Web3 Gaming's New Direction: Free-to-Play First" #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regula...

Many leading video game studios are now incorporating generative AI to streamline game development. This technology, which can generate new content such as text, images, or music from prompts, is being used to automate routine tasks in game design. This includes generating NPC dialogue and enhancing in-game visuals, thereby accelerating development and freeing human designers to focus on more critical aspects. Generative AI, a relatively new technology that has both intrigued and concerned the public, is seeing practical application in game development. Here are some notable examples: Blizzard Entertainment: Known for games like Diablo, Overwatch, and World of Warcraft, Blizzard has begun using AI for character renderings. A New York Times report mentioned that Blizzard is using its internal AI tool and has advised against using Read more about Ubisoft and Roblox: AI-Powered Gaming Evolution #Altcoin, #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum, #Regulations

James Wallis, Vice President of Ripple for Central Bank Engagements, recently highlighted the significance of central bank digital currencies (CBDCs) in promoting worldwide financial inclusion. In a new YouTube video, Wallis underlines the goal of making financial services accessible globally, especially for those with lower incomes and without connections to traditional financial institutions. Wallis explores the causes of financial exclusion, pointing out low incomes and lack of relationships with financial institutions as key reasons. This often leads to an absence of credit history, creating obstacles for those seeking financial services. In areas struggling with financial exclusion, traditional banks, motivated by shareholder interests, find it difficult to cater to those with limited means. Wallis sees CBDCs as an efficient Read more about Insights from Ripple's James Wallis and Perspectives from the IMF and Mastercard #Blockchain, #Cryptomarket, #Cryptonewstoday, #News, #Reg...

Taiwan-based Kronos Research recently experienced a significant security breach, incurring an estimated $25 million loss. The breach involved unauthorized access to API keys, resulting in the loss of about 13,007 ETH, valued at $25 million. The company announced the incident on November 18 through social media. Despite the loss, Kronos stated that it wasn't a substantial portion of its equity. Blockchain researcher ZachXBT noticed significant Ether outflows from a connected wallet, totaling over $25 million. Local exchange Woo X, linked to Kronos, briefly suspended certain trading pairs to manage the liquidity issue but has since resumed normal trading and withdrawals. The exchange confirmed that client funds are safe. Kronos is investigating the breach and has not provided further details on the extent of the losses. The Read more about Taiwan's Kronos Research Hit by $25 Million Cyber Heist #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Hacker, #Kronos, #News, #Regulation...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:152 pointsPBoC Loan Prime Rate3.45%3.45%05:002 pointsECB's Lane Speaks  ------------------15:002 pointsUS Leading Index (MoM) (Oct)-0.5%-0.7%18:002 points20-Year Bond Auction---------5.245% Read more about Upcoming economic events 20 November  2023 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Despite facing criticism and losing advertisers on his social platform following a comment perceived as anti-Semitic, Elon Musk, owner of X (formerly known as Twitter) and the world's richest person, has received support from cryptocurrency professionals. Tamara Haasen, leader of InputOutput, the company behind Cardano (ADA), praised Musk as an effective leader and strategic thinker. This support came after Musk announced X's plan to file a "thermonuclear lawsuit" against Media Matters, a liberal advocacy group accusing X of not adequately addressing misinformation, especially regarding the Israel-Hamas conflict. Media Matters also reported that X was displaying ads next to white supremacist content. Musk's comment has led to an advertiser exodus, with major companies like Apple, Lionsgate, Disney, and IBM suspending their Read more about Elon Musk Receives Crypto Community Support Amid Advertiser Exodus and Legal Challenges on X #Cryptocurrency, #Cryptomarket, #C...

A prominent U.S. lending company has been fined $15 million for engaging in widespread illegal activities, including unauthorized withdrawals from customers' bank accounts. The Consumer Financial Protection Bureau (CFPB) is also prohibiting the Chicago-based lender, Enova, from providing certain types of consumer loans due to non-compliance with directives to amend its misleading practices. The CFPB found that Enova made unauthorized bank account withdrawals and failed to honor promised loan extensions. Additionally, the company provided false information about loan payment due dates. Previously in 2019, Enova faced a $3.2 million fine for similar misconduct, and despite orders from the CFPB to amend its practices, the company continued its illegal activities. Enova, asserting that most of the issues were self-reported to the Read more about Enova Fined $15 Million for Illegal Bank Withdrawals #Adoption, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum, #New...

The board of directors dismissed Sam Altman from his role as CEO of OpenAI, as reported in a blog post on November 17. This decision followed a comprehensive review process, concluding that Altman's interactions with the board lacked consistent honesty, impeding their oversight responsibilities. Mira Murati, the Chief Technology Officer, has been appointed as the interim CEO. OpenAI's board expressed their full commitment to continuing the development of AI technologies, emphasizing the organization's foundational goal of advancing artificial general intelligence for the benefit of all humanity. They affirmed their confidence in Murati's capabilities to lead during this transition. Despite acknowledging Sam Altman's significant contributions to OpenAI's establishment and growth, the board stated that new leadership is required Read more about OpenAI Board Removes Sam Altman as CEO #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #OpenAI, #Regulations

RealOpen is now operational, offering a novel way to purchase real estate using cryptocurrency. As reported exclusively to crypto.news, the platform's founders reveal that it addresses key challenges for crypto holders wanting to buy property. It eliminates fees and withdrawal limits of public exchanges, reduces large trade slippage, and removes the need to seek out crypto-friendly sellers. Industry watchers believe this debut could be a significant opportunity for crypto investors eyeing the real estate market. Despite its evolution, real estate remains a highly regarded investment due to its link with financial stability. RealOpen provides a unique opportunity for investing in global real estate, not limited by seller's crypto compatibility or cumbersome conversions via public exchanges. Users can explore options in various Read more about RealOpen Revolutionizes Real Estate #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #RealOpen

Following discussions at the Asia-Pacific Economic Cooperation summit, a significant development occurred between US President Joe Biden and Chinese President Xi Jinping. They agreed to open a dialogue on artificial intelligence (AI), a sensitive area due to its strategic and military implications. This decision is a positive signal for China's tech industry, potentially benefiting leading companies like Baidu, Xiaomi, and Kuaishou Technology in showcasing their AI capabilities. Baidu is making strides in AI despite economic challenges. Although the tech sector in China is experiencing difficulties, Baidu is projected to see a 5.1% revenue increase, showing its dedication to innovation even in tough economic times. The company is navigating a complex landscape marked by a slowing economy affecting advertising revenue, and rising Read more about Dialogue About AI Boosts China's Tech Horizon #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regul...

The Swiss-based cryptocurrency firm Taurus plans to expand into the United Arab Emirates (UAE), specifically targeting the real estate sector as the trend of asset tokenization gains worldwide momentum. Taurus recently announced the opening of a new office in the UAE. This move is part of their strategy to capitalize on the increasing interest in tokenizing real-world assets (RWAs) and to take advantage of the anticipated surge in Dubai's real estate market. According to Taurus managing director Bashir Kazour, Dubai is not only a global investment hub but is also expected to see a 15% growth in its housing market in 2024. Kazour highlighted Dubai's attraction of foreign investment and its clear cryptocurrency regulations as key reasons why the region is ideal for the growth of tokenization. The establishment of Taurus' UAE office Read more about Swiss Crypto Firm Taurus Expands into UAE, Targeting Real Estate Tokenization #Blockchain, #Cryptocurrency, #Cryptomarket, #Crypto...

Bitcoin's Taproot Wizards project, driven by the Bitcoin Ordinals initiative, has secured a significant $7.5 million funding from venture capital firm Standard Crypto. This project, co-founded by Udi Wertheimer and Eric Wall, is motivated by a vintage Bitcoin wizard meme from Reddit, dating back over a decade. The initiative seeks to redefine Bitcoin's blockchain technology. A diverse consortium of investors, including Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey, and Newman Capital, has contributed to this funding round. The investment is designated for developing a "wizard village," a concept designed to position Taproot Wizards as a formidable competitor to established blockchains like Ethereum and Solana. Co-founder Eric Wall focuses on pioneering innovative ways to engage with Read more about Taproot Wizards Project Secures $7.5 Million #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #TaprootWiza...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious08:302 pointsECB President Lagarde Speaks  ------------------10:002 pointsCore CPI (YoY) (Oct)4.2%4.5%10:002 pointsCPI (MoM) (Oct)0.1%0.3%10:003 pointsCPI (YoY) (Oct)2.9%4.3%13:302 pointsBuilding Permits (MoM) (Oct)  -4.5%13:303 pointsBuilding Permits (Oct)  1.450M1.471M13:302 pointsHousing Starts (MoM) (Oct)7.0%13:302 pointsHousing Starts (Oct)1.345M1.358M15:002 pointsFOMC Member Daly Speaks  ------------------16:302 pointsAtlanta Fed GDPNow (Q4)  ------------------18:002 pointsU.S. Baker Hughes Oil Rig Count---------49418:002 pointsU.S. Baker Hughes Total Rig Count---------616 Read more about Upcoming economic events 17 November  2023 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Paxos, a crypto brokerage, has secured a provisional license from the Monetary Authority of Singapore to provide digital payment token services, as stated in their recent announcement. This preliminary nod for the newly established Paxos Digital Singapore Pte. Ltd. enables the company to operate under the Payments Services Act (PSA) while it awaits full regulatory approval. Once fully authorized, Paxos plans to collaborate with corporate clients to launch a U.S. dollar-backed stablecoin. Walter Hessert, Paxos' Head of Strategy, highlighted the growing global demand for the U.S. dollar, noting the challenges non-U.S. consumers face in accessing dollars in a safe, reliable, and regulated manner. The firm anticipates that this new offering will attract more customers, especially with the stablecoin market projected to expand from $125 Read more about Paxos to Launch Dollar-Backed Stablecoin #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regulations

Binance is gearing up to launch a cryptocurrency exchange in Thailand by early next year. This venture is a collaboration with Gulf Energy Development's subsidiary. According to a recent announcement to the Stock Exchange of Thailand, the joint venture, named Gulf Binance and formed by Binance and Gulf Innova, has received approval from Thailand's Securities and Exchange Commission to begin its operations. Gulf Binance, which secured licenses from Thailand's Ministry of Finance in May to operate as a digital asset provider, is now officially sanctioned by the SEC, as per the latest filing. The platform will offer exchange and brokerage services for cryptocurrencies and digital tokens, with a strong emphasis on security and adhering to SEC regulations. Initially, Gulf Energy plans to make the exchange accessible only to select Read more about Binance and Gulf Energy Join Forces for Thai Crypto Exchange Launch #Altcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News,...