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Every day this week we’re highlighting one genuine, no bullsh*t, hype free use case for AI in crypto. Today it’s the potential for using AI for smart contract auditing and cybersecurity, we’re so near and yet so far. AI artwork for the ChatGPT written TurboToad memecoin. (Twitter) One of the big use cases . . . → Read More: Real AI use cases in crypto, No. 3: Smart contract audits & cybersecurity Cryptocurrency exchange Poloniex is preparing to resume withdrawals and deposits after suffering a $100-million hack on Nov. 10. Poloniex took to X (formerly Twitter) on Nov. 29 to announce that it will be gradually resuming deposit and withdrawal services on Nov. 30 at 2:00 am UTC. The crypto exchange stressed that it will . . . → Read More: Poloniex prepares to resume withdrawals after $100M hack A new Bitcoin nonfungible token (NFT) marketplace aims to reduce network fees associated with the advent of Bitcoin Ordinals inscriptions by tapping into the Internet Computer Protocol (ICP). Developed off the back of the creation of Bitcoin Ordinals in early 2023, Bioniq operates on the ICP and taps into its native Bitcoin integration to . . . → Read More: Bitcoin NFT marketplace Bioniq eyes lofty goal of alleviating network congestion Spanish financial services giant Banco Santander has reportedly selected digital asset management firm Taurus to safeguard its Swiss clients’ Bitcoin (BTC) and Ether (ETH). On Nov. 20, Santander Private Banking International’s Swiss private banking unit rolled out a new Bitcoin and Ether trading service for clients with Swiss accounts. A Santander spokesperson told . . . → Read More: Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report Twitter (now X) co-founder and Bitcoin (BTC) advocate Jack Dorsey is backing a new BTC mining pool to help miners regain control of block rewards and transaction fees. Dorsey has led a $6.2 million seed round for Mummolin, the parent company of the new decentralization Bitcoin mining pool called Ocean, according to an . . . → Read More: Jack Dorsey wants to decentralize Bitcoin mining with new investment An ongoing crypto donation campaign dedicated to improving the lives of children worldwide has received over $7.6 million to date, half of which was donated in Ether (ETH). Philanthropic foundation Save the Children’s HODL Hope Campaign remains nearly $2.4 million short of the $10 million it intends to collect by the end of 2023. . . . → Read More: Ethereum donations top Save the Children HODL Hope Campaign Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong. According to the Nov. 28 announcement, the service is offered in conjunction with OSL, one of the first crypto exchanges to receive a Virtual Asset Service Provider (VASP) in Hong Kong. “Interactive . . . → Read More: Interactive Brokers opens Hong Kong retail crypto trading with OSL Bitcoin (BTC) may suffer when the United States approves the first spot exchange-traded fund (ETF), a new warning says. In a thread on X (formerly Twitter) on Nov. 28, Joshua Lim, head of derivatives at capital market firm Genesis Trading, predicted a volatile start to 2024 for BTC price action. Bitcoin ETF approval: Retail . . . → Read More: ‘Buy the rumor, sell the news’ — Bitcoin ETF may spark TradFi sell-off For every genuine blockchain project harnessing artificial intelligence there are 100 coins trading off the hype. Magazine spoke with Near founder Illia Polosukhin, Framework Ventures founder Vance Spencer, MakerDAO founder Rune Christensen, Richard Ma from Quantstamp, Ralf Kubli from Casper and others to explore some of the key hype-free, genuine use cases for AI . . . → Read More: Real AI use cases in crypto, No. 2: AIs can run DAOs Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21. Phoenix’s public trading launch will be delayed as the firm has revised the date for its forthcoming initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). According . . . → Read More: Bitcoin mining firm Phoenix Group delays share listing Many predicted that Binance would never embrace regulation — it would only pretend to comply in jurisdictions like the United States. No more. Binance pleading guilty to money laundering and other federal charges on Nov. 21 means it’s giving up its free-booting ways. It will also pay a $4.3 billion fine, the . . . → Read More: Why Binance’s US plea deal could be positive for crypto adoption Ethereum founder Vitalik Buterin’s blog post highlighting the threats he sees artificial intelligence (AI) could pose to humanity has attracted many fiery responses from AI and blockchain community members. On Nov. 27, Buterin published a blog post titled My techno-optimism, which discussed how AI is “fundamentally different” from other inventions like guns, airplanes, and . . . → Read More: Vitalik Buterin thinks AI may surpass humans, community responds Bitcoin (BTC), the largest cryptocurrency by market value, experienced its first-ever halving 11 years ago today. As the community celebrates the anniversary of the first Bitcoin halving, it’s timely to revisit some of Bitcoin’s historical milestones ahead of the next halving expected in April 2024. The first Bitcoin transaction occurred nearly 15 years ago . . . → Read More: 11th anniversary of Bitcoin’s first halving: From $12 to $37,000 Ether (ETH) is struggling to maintain the $2,000 support as of Nov. 27, following its third unsuccessful attempt in 15 days to surpass the $2,100 mark. This downturn in Ether’s performance comes as the broader cryptocurrency market sentiment deteriorates. It’s possible that recent developments, such as the United States Department of Justice (DOJ) signaling . . . → Read More: Ethereum price falls as regulatory worries and pause in DApp use impact investor sentiment Bitcoin (BTC) has started the week on a negative note. The failure of the bulls to pierce and sustain above the $38,000 resistance has given a small window of opportunity for the bears to try and make a comeback. Strong selling has pulled the price below $37,000 on Nov. 27. However, lower levels are . . . → Read More: Price analysis 11/27: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK For every genuine blockchain project harnessing artificial intelligence in an attempt to create a better world — like Dr Ben Goertzel’s Singularity.net — there are 100 coins like AI Doge that have simply wedged the hyped-up terms “AI” and “Crypto” together to flog tokens. “Those are just fundamental buzzwords,” explains Near blockchain founder Illia . . . → Read More: Real AI use cases in crypto, No. 1: The best money for AI is crypto Hong Kong cryptocurrency exchange HKVAEX has not applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC), a spokesperson for HKVAEX has said. Amid multiple reports erroneously suggesting that HKVAEX has applied for an SFC license, the HKVAEX representative claimed the crypto exchange has yet to submit an . . . → Read More: Binance-linked HKVAEX still preparing to apply for license in Hong Kong Bitcoin (BTC) starts a new week keeping traders guessing near its highest levels in 18 months — what’s next? BTC price action has held higher after spiking above $38,000 last week, but since then, a testing “micro-range” has left bulls and bears locked in battle. Whether a deeper retracement will come or a trip . . . → Read More: BTC price eyes $40K amid record hash rate — 5 things to know in Bitcoin this week Amid the ongoing controversy around cryptocurrency media Bankless and the associated decentralized autonomous organization (DAO), BanklessDAO, the founders of Bankless have suggested separating the brand from the DAO. Bankless co-founders David Hoffman and Ryan Sean Adams plan to submit a governance proposal to BanklessDAO to separate the two entities. The co-founders took to X . . . → Read More: Bankless controversy forces founders to burn tokens and separate from DAO The cryptocurrency mining company Hive Digital Technologies has revealed plans to expand its global presence through a new acquisition of property and a data center in Boden, Sweden. On Nov. 27, the company announced that it entered a property transfer agreement with Turis AB to take over the property of a data center . . . → Read More: Crypto miner Hive expands data center operations in Sweden Robert Kiyosaki, the author of the personal finance book Rich Dad Poor Dad, has reiterated his support for assets like Bitcoin (BTC), gold and silver as inflation threatens to worsen living standards globally. The price of gold recently crossed $2,000 per ounce, marking a steady recovery amid the weakening value of fiat currencies. . . . → Read More: Robert Kiyosaki recommends Bitcoin, gold, silver investments ‘before it’s too late’ To navigate the process of buying Bitcoin effectively, it is essential to explore secure options. In the United Kingdom, acquiring cryptocurrencies is legal, yet it can pose challenges, as the government underscores the need to comprehend the associated risks. For an effective traversal of the crypto landscape, investors should follow key steps, including choosing . . . → Read More: How to buy Bitcoin and Ethereum in the UK Bitcoin (BTC) held near $38,000 into the Nov. 26 weekly close as traders boosted their BTC price optimism. BTC/USD 1-hour chart. Source: TradingView Bitcoin buyers give bears no room for maneuver Data from Cointelegraph Markets Pro and TradingView showed a typically flat weekend for Bitcoin, with classic volatility yet to hit as the weekly . . . → Read More: Bitcoin bulls hold firm into weekly close: BTC price eyes $39.3K Top Stories This Week US officials announce $4.3B settlement with Binance, plea deal with CZ Binance and its co-founder, Changpeng “CZ” Zhao, have reached a settlement over criminal and civil cases with the United States Department of Justice. CZ will plead guilty to one felony charge as part of the negotiated agreement. Attorney General . . . → Read More: BlackRock meets with SEC over ETF, Binance’s new era begins and SBF loses release bid: Hodler’s Digest, Nov. 19-25 BitMEX co-founder Arthur Hayes is bullish on Bitcoin (BTC). Hayes shared his thoughts on X Alongside a chart depicting net reverse repurchase agreement (RRP) and treasury general account (TGA) balance changes, Hayes referred to United States Treasury Secretary Janet Yellen as “Bad Gurl Yellen.” In the X post, Hayes encouraged fellow Bitcoin enthusiasts to . . . → Read More: BitMEX co-founder predicts Bitcoin surge amid dollar liquidity rise Web3 protocol Blast network has gained over $400 million in total value locked (TVL) in the four days since it was launched, according to data from blockchain analytics platform DeBank. But in a Nov. 23 social media thread, Polygon Labs developer relations engineer Jarrod Watts claimed that the new network poses significant security . . . → Read More: Blast network hits $400M TVL, rebuts claim that it’s too centralized Final Fantasy game developer Square Enix has announced auction dates for its upcoming Symbiogenesis nonfungible tokens (NFTs). In a Nov. 24 social media post, the team said it would sell the NFTs in three batches. The first batch will be auctioned from Nov. 27 to 28, the second from Nov. 30 to Dec. 4, . . . → Read More: Square Enix announces auction dates for Symbiogenesis NFTs Bitcoin (BTC) broke above the overhead resistance of $38,000 on Nov. 24, indicating that the sentiment is positive and bulls have kept up the pressure. Independent Reserve CEO Adrian Przelozny told Cointelegraph that the “next two years are going to be good,” and market activity is likely to pick up in early 2024. The . . . → Read More: Price analysis 11/24: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX Bitcoin (BTC) buyers should enjoy the chance to add to their stack below $40,000, says one of the crypto industry’s household names. In a post on X (formerly Twitter) on Nov. 24, PlanB, creator of the stock-to-flow family of BTC price models, hinted that current levels would not be around long. PlanB: Time is . . . → Read More: ‘Enjoy sub-$40K Bitcoin’ — PlanB stresses $100K average BTC price from 2024 Tether and Bitfinex have jointly agreed to drop initial opposition to a Freedom of Information Law (FOIL) request lodged in New York by a number of high-profile news publications. A statement from the USDT stablecoin issuer and cryptocurrency exchange shared with Cointelegraph notes that it is committed to transparently sharing information following a FOIL . . . → Read More: Tether, Bitfinex agree to drop opposition to FOIL request European Central Bank (ECB) president and prominent Bitcoin (BTC) critic Christine Lagarde has shared a family story about unsuccessful cryptocurrency investments, according to a report from Reuters. Lagarde told students at a town hall in Frankfurt on Nov. 24 that her son lost “almost all” of his investments in crypto assets despite persistent . . . → Read More: Bitcoin critic, ECB chief Lagarde says her son ‘ignored’ her, lost money on crypto: Report Bitcoin (BTC) bulls kept the pressure on 18-month highs on Nov. 24 as analysis eyed buyer interest spiking. BTC/USD 1-hour chart. Source: TradingView Bitcoin fights for new 18-month high Data from Cointelegraph Markets Pro and TradingView showed the BTC price trajectory heading upward into the Wall Street open. The largest cryptocurrency saw increasing momentum . . . → Read More: Bitcoin buyer pushes BTC price past $38K as traders demand key breakout The saga of Terraform Labs co-founder Do Kwon continues to unfold, with a court in Montenegro approving his extradition to either South Korea or the United States. The High Court of Podgorica has determined the legal requirements for Kwon’s extradition, according to an official statement posted on the court’s website on Nov. 24. As . . . → Read More: Do Kwon extradition approved by Montenegro court Cathie Wood’s investment firm, ARK Invest, has sold 700,000 shares of the Grayscale Bitcoin Trust (GBTC) over the past month, even as Bitcoin (BTC) hit 17-month highs over excitement for a possible spot Bitcoin exchange-traded fund (ETF). The ARK Next Generation Internet ETF (ARKW) sold 36,168 GBTC shares on Nov. 22, offloading a total . . . → Read More: Cathie Wood’s ARK dumps 700K GBTC shares in one month The Austrian subsidiary of European lender Raiffeisen Bank is preparing to allow its clients to trade cryptocurrencies like Bitcoin (BTC) in the coming months. After initially announcing its crypto plans in April 2023, Raiffeisen Bank’s Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) is moving forward with a crypto rollout in collaboration with the Austrian crypto firm . . . → Read More: Raiffeisenlandesbank to launch Bitcoin trading in early 2024 Markets commentator Jim Cramer has tacitly admitted he was wrong about Bitcoin (BTC), saying he was premature in calling for investors to sell the cryptocurrency. In a Nov. 22 segment of his CNBC Mad Money show, Cramer responded to a caller who inquired about buying shares in Bitcoin miner CleanSpark, saying that anyone . . . → Read More: Jim Cramer admits he was wrong about Bitcoin — ‘I was premature’ The market has already entered the first phase of a major rally, with the number of people buying crypto trickling upward, which is expected to accelerate early next year, the heads of Australia’s largest crypto exchanges believe. Independent Reserve CEO Adrian Przelozny told Cointelegraph he expects market activity to see an uptick in . . . → Read More: ‘Strap yourselves in’ — Bull market coming early 2024, say crypto exchange heads Our weekly roundup of news from East Asia curates the industry’s most important developments. HTX exchange hacked… again In the fourth hack affecting the HTX (formerly Huobi Global) ecosystem in just two months, the exchange lost $30 million via a hot wallet hack that occurred on Nov. 22. In its Nov. 23 announcement, the . . . → Read More: HTX hacked again for $30M, 100K Koreans test CBDC, Binance 2.0: Asia Express Ether’s (ETH) price is trading slightly higher on Nov. 23, maintaining support above the $2,000 level after briefly retesting $1,930 on Nov. 21. Over the past week, Ether’s price has increased by 2.5%, while the total market capitalization has grown by 0.5%. This uptrend can be attributed to improved decentralized applications (DApps) metrics, increased . . . → Read More: Ethereum (ETH) price reclaims $2K as data shows a surge in network activity Bitcoin (BTC) may not reclaim $40,000, despite increasing excitement over a spot exchange-traded fund (ETF). In recent analyses, crypto market participants have started to reconsider just how bullish the ETF narrative really is for BTC price action. Trader: “Not sure” BTC price will reach $42,000 The dust continues to settle on the United States . . . → Read More: Bitcoin to $1M post-ETF approval? BTC price predictions diverge wildly The conventional wisdom of the cryptoverse is that there is a boom-and-bust cycle to the blockchain and cryptocurrency industry. This cycle is led by the “King of Cryptos,” Bitcoin. Bitcoin (BTC) is programmatically set to have a halving cycle roughly every four years, which cuts the supply of new coins awarded to miners in . . . → Read More: Bitcoin supercycle 2024: Is this the cycle to end them all? A Bitcoin user paid 83.7 Bitcoin (BTC), worth $3.1 million, in transaction fees for transferring 139.42 BTC. The transaction fee of $3.1 million is the eight-highest in Bitcoin’s 14-year history. The BTC wallet address bc1qn3d…wekrnl tried transferring 139.42 BTC to bc1qyf…km36t4 on Nov. 23, only to pay more than half the actual value in . . . → Read More: Bitcoin user pays $3.1M transaction fee for 139 BTC transfer After a long and dramatic presidential race, libertarian candidate Javier Milei triumphed in Argentina’s presidential election on Nov. 19. Milei promises to abolish the country’s central bank, among a slew of other radical policy changes capturing the attention and imagination of the crypto community. With 99% of the vote counted on Sunday, Nov. . . . → Read More: Milei presidential victory fuels optimism in Argentina’s Bitcoin community Tron founder Justin Sun’s crypto businesses have come under repeated attacks from hackers over the past two months, with at least four hacks on platforms related to the crypto entrepreneur. Sun’s HTX crypto exchange has been hacked at least twice since the platform rebranded from Huobi on Sept. 13, 2023. The first HTX hack . . . → Read More: Justin Sun-related crypto platforms hacked 4 times in 2 months Bitcoin (BTC) took fresh aim at $38,000 into Nov. 23 as an “aggressive bid” dispelled cold feet over Binance’s $4.3 billion fine. BTC/USD 1-hour chart. Source: TradingView Bitcoin analysis: “Something is cooking” Data from Cointelegraph Markets Pro and TradingView showed BTC price strength making a striking comeback to top out at $37,870. A subsequent . . . → Read More: Bitcoin ETF hype returns as ‘aggressive bid’ sends BTC price near $38K Binance’s $4.3-billion settlement with the United States was the final hurdle before the country’s securities regulator approves spot Bitcoin (BTC) exchange-traded funds (ETFs), many industry watchers claim. The settlement involved Binance agreeing to Justice Department and Treasury compliance monitors for up to five years, allowing the agencies sweeping powers to keep the exchange . . . → Read More: Is Binance’s $4B settlement the green light for spot Bitcoin ETFs? As the year winds down, every gaming company and its dog are dropping year-in-review reports. A recent report from blockchain gaming accelerator Game7 suggests that many game developers had an enforced nap instead of pumping out new games. This year, just 223 Web3 games were launched, a 65% drop from the 640 games started . . . → Read More: 65% plunge in Web3 Games in ’23 but ‘real hits’ coming, $26M NFL Rivals NFT: Web3 Gamer Traders hate uncertainty; hence, the settlement between Binance, Changpeng “CZ” Zhao and the United States Department of Justice is likely to be viewed as a positive for the cryptocurrency space. Analysts largely remained positive on the deal, but a few sounded cautious due to the Securities and Exchange Commission’s pending lawsuit against Binance. Bitcoin . . . → Read More: Price analysis 11/22: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX Bitcoin (BTC) traded $1,000 off weekly lows after the Nov. 22 Wall Street open as a BTC price relief bounce held firm. BTC/USD 1-hour chart. Source: TradingView Bitcoin respects “very clear” key levels Data from Cointelegraph Markets Pro and TradingView followed crypto markets as they recovered from snap downside the day prior. As the . . . → Read More: BTC price bounces 3% post Binance amid call for Bitcoin bulls to ‘step in’ Although documented statistics about cryptocurrency trading and substance abuse are hard to come by, addiction experts are treating an increasing number of crypto traders. Abdullah Boulard, founder and CEO at The Balance Luxury Rehab, tells Magazine that a number of crypto traders struggle with substance abuse. “Our client base is diverse, but this is . . . → Read More: This is your brain on crypto: Substance abuse grows among crypto traders Five years ago, you couldn’t trade with fiat currency on Binance, yet the exchange was already garnering international attention with the highest trading volumes among its competitors. That’s no mean feat in the cryptocurrency industry, even in 2018, with several well-established exchanges commanding established and loyal user bases. Critics questioned why the world . . . → Read More: Did Binance’s CZ predict his own downfall? The crypto community on social media has greeted the news of the deal between Binance, Changpeng “CZ” Zhao and the United States Department of Justice (DOJ) mostly positively, hoping it removes one of the last remaining obstacles before the long-awaited approval of a spot Bitcoin exchange-traded fund (ETF). The $4.3 billion settlement between . . . → Read More: Binance, CZ settlement with US DOJ ‘bullish for Bitcoin ETF,’ crypto community says Creditors of Mt. Gox, a now-defunct Bitcoin (BTC) exchange that lost 850,000 BTC to a hack in 2014, have received a new email hinting at soon-to-come repayments. On Nov. 21, Nobuaki Kobayashi, the trustee overseeing the Mt. Gox Bitcoin exchange’s estate, started sending out emails to rehabilitation creditors regarding the commencement of repayments, . . . → Read More: Mt. Gox creditors offered fresh hope with new ‘commencement of repayment’ email Circle has launched a new standard to streamline the process of launching its stablecoin, USDC, on new networks, according to a Nov. 21 blog post. The new “bridged USDC standard” allows developers to launch the token through a two-phase process. In the first phase, the third-party developer has control of the token contracts, . . . → Read More: Circle launches ‘bridged USDC standard’ for deploying to new networks Bitcoin (BTC) bought on exchanges every year since 2017 is now on average in profit, the latest data confirms. Compiled by on-chain analytics firm Glassnode, exchange withdrawal figures confirm that at $37,000, a user’s purchase is on aggregate “in the black.” Bitcoin exchange users claw back bear market losses Bitcoin returned multiple investor cohorts . . . → Read More: BTC price returns key profit mark to Bitcoin exchange users at $34.7K Dominic Frisby recalls meeting MicroStrategy’s Michael Saylor for the first time at a crypto event. What started off as an awe-struck moment became confusing after things took an unexpected turn. “I saw Michael Saylor there. I was like, ‘Wow, that’s him!’” he tells Magazine. But it was Saylor who quickly came over and introduced . . . → Read More: Michael Saylor’s a fan, but Frisby says bull run needs a new guru: X Hall of Flame Bitcoin (BTC) sought to rematch 18-month highs into Nov. 21 as order book activity gave one analyst a sense of deja vu. BTC/USD 4-hour chart. Source: TradingView Whale games conjure Bitcoin’s Q1 2023 Data from Cointelegraph Markets Pro and TradingView showed BTC price momentum building to top out at $37,770 the day prior. Now circling . . . → Read More: Bitcoin stalls below $38K as analysis hints ‘Notorious B.I.D.’ is back The Fantom Foundation, a nonprofit organization developing the Fantom blockchain platform, has eliminated a significant vulnerability after a $550,000 hack in October. On Oct. 17, the Fantom Foundation suffered a hot wallet hack, with an unknown attacker draining 1% of Fantom Foundation’s funds. The foundation subsequently stopped using some of the affected wallets, reassigning . . . → Read More: Fantom Foundation awards $1.7M bounty for preventing $170M drain Average daily transaction fees on Bitcoin (BTC) have flipped with Ethereum following a frenzy of Ordinals-related activity on the Bitcoin network. On Nov. 20, the average daily transaction fee for Bitcoin stood at $10.34, while Ethereum transaction fees came to an average of $8.43, according to BitInfoChart data. Bitcoin’s average daily trading fee . . . → Read More: Bitcoin transaction fees flip Ethereum’s as Ordinals hype returns Umami Labs CEO Alex O’Donnell grew up on the outskirts of Philadelphia before attending Temple University to study literature and economics. That path led him to devote seven years of his life as a financial journalist at Reuters, where he specialized in M&As IPOs. He said his academic focus created a “pretty natural synthesis” . . . → Read More: 6 Questions for Alex O’Donnell about financial journalism and the future of DeFi The S&P 500 Index (SPX) rose 2.24% last week, its third consecutive weekly gain. In comparison, Bitcoin (BTC) managed a minuscule gain of 0.8%, indicating consolidation below $38,000. The prospects for risky assets remain bullish as the U.S. Dollar Index has started to turn down. Cryptocurrency investors have not parted with their Bitcoin holdings, . . . → Read More: Price analysis 11/20: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK ARK Investment Management, a cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn’t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States. On Nov. 20, ARK Invest filed another amended prospectus for its spot Bitcoin ETF product developed in collaboration with the European digital asset . . . → Read More: ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms The crypto community and many of its most high-profile players have started to shift focus toward the Bitcoin halving, an event that occurs every four years and cuts the market supply of new Bitcoin (BTC) in half. With the next halving event scheduled for April 2024, the Bitcoin mining reward will reduce from the current 6.25 . . . → Read More: Crypto community begins Bitcoin halving countdown as milestone date nears The international arm of Spanish lender Banco Santander has reportedly rolled out a new service, allowing clients with Swiss accounts to invest in and trade Bitcoin (BTC) and Ether (ETH). According to a report from Coindesk claiming access to a leaked internal communication, high-net-worth individuals of Santander Private Banking International will have access . . . → Read More: Santander offers Bitcoin, ETH trading for Swiss account holders: Report Global cryptocurrency exchange-traded products (ETP) have seen a significant uptick in 2023, reportedly outpacing the growth of underlying assets, according to a report by the digital asset platform Fineqia, seen by Cointelegraph. Crypto-based ETPs issued by companies like 21Shares, Grayscale and CoinShares recorded a 91% increase in total assets under management (AUM) from Jan. . . . → Read More: Crypto ETP volumes surge 91%, outpacing underlying assets: Report Bitcoin (BTC) starts Thanksgiving week in the United States with a return to $37,000 as bulls stubbornly refuse to loosen their grip. BTC price action remains tantalizingly near 18-month highs as another weekly close provides a fresh taste of bull market momentum. The largest cryptocurrency continues to hold onto reclaimed ground, and while upside . . . → Read More: 70% of BTC dormant for a year — 5 things to know in Bitcoin this week A hacker walked away with $25 million from quantitative trading firm Kronos Research after accessing its compromised API keys. On Nov. 19, Kronos Research revealed that an unauthorized entity accessed some of its API keys. Subsequently, the firm stopped its trading services on the platform. However, no losses were reported at the time. . . . → Read More: Kronos Research halts trading amid $25M API key hack investigation Bitcoin (BTC) is nearing a key Fibonacci retracement level which could mark the top of its “pre-halving rally.” That is according to popular social media trader Titan of Crypto, who on Nov. 19 reiterated a pre-halving BTC price target of up to $50,000. Trader: $39,000 is pre-halving BTC price target range floor Bitcoin faces . . . → Read More: Bitcoin nears pre-halving ‘target zone’ toward $50K BTC price Mike Belshe, CEO of cryptocurrency exchange BitGo, has suggested that all indications are leaning toward a favorable outcome for a spot Bitcoin (BTC) exchange-traded fund (ETF). However, he emphasized that the journey ahead won’t be without challenges. In an interview with Bloomberg on Nov. 16, Belshe explained that based on discussions between firms . . . → Read More: Bitcoin ETF approval nearing, but brace for more setbacks — BitGo CEO Top Stories This Week Sam Altman ousted from OpenAI, CTO Mira Murati named interim CEO ChatGPT developer OpenAI removed founder Sam Altman from his CEO position on Nov. 17. Chief technology officer Mira Murati is now serving as interim CEO. According to a blog post, the board of directors engaged in a “deliberative review . . . → Read More: OpenAI’s Sam Altman ousted, BlackRock and Fidelity seek Ether ETF, and more: Hodler’s Digest, Nov. 12-18 Fidelity, an asset management firm overseeing $4.5 trillion in assets, has become the latest firm to seek approval for a spot Ether (ETH) exchange-traded fund (ETF). In a filing with the United States Securities and Exchange Commission (SEC) on Nov. 17, Fidelity proposes to list and trade shares of the Fidelity Ethereum Fund on the . . . → Read More: Fidelity seeks green light for Ethereum ETF, following BlackRock’s filing The prospect of a spot Bitcoin (BTC) exchange-traded fund (ETF) being approved soon in the United States has increased demand for the major cryptocurrency, leading to a surge in transaction fees. The Bitcoin blockchain reached $11.6 million in fees paid on Nov. 16, according to statistics from CryptoFees. At the time of writing, YCharts . . . → Read More: Bitcoin fees skyrocket on spot BTC ETF hype Bitcoin (BTC) circled $36,000 after the Nov. 16 Wall Street open as analysis hoped for a deeper price comedown. BTC/USD 1-day chart. Source: TradingView Bitcoin traders map out likely bottoms Data from Cointelegraph Markets Pro and TradingView followed a retracement from intraday highs of $36,600. Having failed to establish a breakout beyond 18-month highs . . . → Read More: Bitcoin traders’ BTC price dip targets now include $30.9K bottom The founder and lead developer of Ethereum Name Service (ENS), Nick Johnson, is urging blockchain domains company Unstoppable Domains to drop a recently awarded patent or face a lawsuit, according to an open letter shared on X (formerly Twitter). In January, Unstoppable Domains was granted its first patent, US11558344, which claims that Braden River Pezeshki, . . . → Read More: ENS developers urge Unstoppable Domains to drop patents or face lawsuit Mark Wilson — the artist known as diewiththemostlikes — has a truly unique style to his art and a presence that could be described as grotesque, performative, thought-provoking and hilarious all in one packet of rolled-up ground beef. In a digital art market where supply can be infinite, the Indiana-based artist really stands out . . . → Read More: DMT and a Hellboy outfit — How diewiththemostlikes got on SuperRare: NFT Creator Bitcoin (BTC) bull market “FOMO” has yet to appear despite BTC price being up 120% this year. Data from the statistics platform Look Into Bitcoin shows that on-chain transactions are only starting to involve “younger” Bitcoin. Bitcoin bull market analysis: “We’re still early” Bitcoin remains near 18-month highs and well beyond its bear market . . . → Read More: Bitcoin bull market FOMO absent as BTC price nears key $39K profit zone The global exchange-traded fund (ETF) provider WisdomTree filed an amended Form S-1 spot Bitcoin (BTC) ETF prospectus with the United States Securities and Exchange Commission (SEC) on Nov. 16. The update comes a few months after WisdomTree refiled its spot Bitcoin ETF application in June 2023, proposing a rule change to list and trade shares of . . . → Read More: WisdomTree amends S-1 form spot Bitcoin ETF filing as crypto awaits SEC decisions Artificial intelligence (AI) and machine learning (ML) are demanding huge amounts of computing resources as interest in the space grows, but conventional Bitcoin (BTC) miners are not jumping on the bandwagon just yet. Speaking to Cointelegraph journalist Joe Hall at Web Summit 2023 in Lisbon, Portugal, Heatbit founder Alex Busarov believes that mining farms, . . . → Read More: AI’s energy consumption concerns echo Bitcoin mining criticisms, says Heatbit founder DeFi platform Sushi has partnered with interoperability platform ZetaChain to explore the possibility of native Bitcoin (BTC) swaps for its users across 30 different blockchain networks. Sushi’s deployment of its decentralized exchange (DEX) on ZetaChain is touted to enable trading of BTC without wrapping across several blockchains in what the team describes as . . . → Read More: Sushi taps into ZetaChain to begin testing native Bitcoin DeFi swaps European digital asset manager CoinShares secured the exclusive option to acquire Valkyrie Funds, the exchange-traded fund (ETF) unit of its United States competitor, Valkyrie Investments, which includes the Valkyrie Bitcoin Fund awaiting U.S. approval. CoinShares said on Nov. 17 that the move helps it expand to the U.S., which could soon become the . . . → Read More: CoinShares gets buying rights to Valkyrie’s crypto ETF unit Gas fees on Ethereum layer-2 Polygon surged more than 1,000% to reach a peak of $0.10 as users inundated the network with the minting of Ordinals-inspired tokens dubbed POLS. In a Nov. 16 X (formerly Twitter) post, Polygon founder Sandeep Nailwal shared his surprise at the elevated transaction activity on the network, saying the spike . . . → Read More: Polygon gas fees spike 1,000% amid Ordinals-inspired token craze Our weekly roundup of news from East Asia curates the industry’s most important developments. Hot week for Hong Kong exchanges Hashkey Exchange — one of the first regulated crypto exchanges in Hong Kong — has announced insurance coverage for clients assets stored in its hot and cold wallets. accounts. The policy will cover 50% . . . → Read More: No civil protection for crypto in China, $300K to list coins in Hong Kong? Asia Express Tether is planning a large-scale expansion into Bitcoin (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon. The stablecoin firm may spend around $500 million in the next six months on the construction of mining facilities and investments in other miners, Ardoino told Bloomberg in . . . → Read More: Tether plans major expansion into BTC mining with $500M investment: Report Cryptocurrency may be “out of fashion,” but it still draws new users to Web3 daily — particularly in emerging markets such as Brazil — according to Bitcoin maximalist José Ribeiro, CEO of crypto exchange Coinext. During the Web Summit in Lisbon, Ribeiro discussed with Cointelegraph’s Joe Hall his perspective on Bitcoin (BTC), Brazil’s vibrant . . . → Read More: Brazil’s crypto regulatory environment is driving competitiveness — Coinext CEO Decentralized finance (DeFi) group Aave Companies has been rebranded to Avara as it looks to broaden its user base across the Web3 ecosystem. Stani Kulechov, founder and CEO of Avara (formerly Aave Companies), tells Cointelegraph that the company’s growing number of offerings, including liquidity protocol Aave, the GHO stablecoin, Lens Protocol and Sonar, . . . → Read More: Aave Companies rebrands to Avara, acquires Ethereum self-custody ‘Family Wallet’ Bitcoin (BTC) saw a classic pullback after the Nov. 16 Wall Street open as deja vu BTC price action continued. BTC/USD 1-hour chart. Source: TradingView Analysis: Door open to deeper BTC price correction Data from Cointelegraph Markets Pro and TradingView followed Bitcoin as it descended to $36,470 — down over $1,000 on the day. . . . → Read More: BTC price dips 4% as Bitcoin analysis reveals low liquidity above $33K The European Union has been actively preparing for what it envisions as the future of money. In the past year, it finalized its landmark comprehensive crypto legislation, the Markets in Crypto-Assets Regulation (MiCA), which is due to take effect in 2024 after closing its second consultation in October. It has also made progress in . . . → Read More: German parliament member ’staunch opponent’ of digital euro, all in on Bitcoin BlackRock, the world’s largest asset manager, officially filed for a spot Ether exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC) on Nov. 15. The Ether (ETH) ETF, dubbed the iShares Ethereum Trust, aims to “reflect generally the performance of the price of Ether,” read the S-1 filed with the SEC. The . . . → Read More: BlackRock files S-1 form for spot Ether ETF with SEC Bitcoin (BTC) circled a key level into the Nov. 16 Wall Street open after copycat BTC price action produced a fresh attack on $38,000. BTC/USD 1-hour chart. Source: TradingView BTC price matches 18-month highs Data from Cointelegraph Markets Pro and TradingView showed a swift turnaround for Bitcoin, which reversed upward after a precipitous comedown . . . → Read More: Bitcoin enters make-or-break zone after BTC price snaps back to $38K Ferrari’s decision to allow U.S. residents to buy its cars in exchange for cryptocurrencies like Bitcoin (BTC) has become one of the biggest market wins in 2023, according to the CEO of the Bitcoin ATM operator CoinFlip. Ferrari has been aware of the growing demand from clients for alternative payment solutions and decided to . . . → Read More: Ferrari’s Bitcoin acceptance is major market win, says CoinFlip CEO Ethereum layer-2 scaling network Starknet has outlined plans to improve the decentralization of three core components of its zero-knowledge (ZK) proof rollup solution. Speaking exclusively to Cointelegraph, Starknet product manager and blockchain researcher Ilia Volokh outlined the firm’s intent to address certain centralized elements of its protocol aimed at defending against censorship and making . . . → Read More: Ethereum L2 Starknet aims to decentralize core components of its scaling network The National Pension Service (NPS), a public pension in South Korea and one of the world’s largest pension funds, bought just over 280,000 shares of the global cryptocurrency exchange Coinbase in the third quarter of 2023, an investment that has gained 39% in value since the purchase. The NPS acquired 282,673 Coinbase shares in . . . → Read More: South Korea’s pension fund bags 280K Coinbase shares: SEC data Solana’s SOL (SOL) has reached new yearly highs, gaining more than 17% the day after ARK Invest CEO Cathie Wood lauded the network for its efficiency and cost-effectiveness. In a Nov. 15 CNBC interview, Wood described the Solana network as a major infrastructure player in the wider blockchain ecosystem and added that it had . . . → Read More: Solana jumps 20% as Cathie Wood lauds its speed and cost over Ethereum Grayscale Investments is using its Ether (ETH) futures exchange-traded fund (ETF) application as a “trojan horse” to corner the United States Securities and Exchange Commission into approving its spot Ether ETF, said Bloomberg ETF analyst James Seyffart. Seyffart said in a Nov. 15 X (Twitter) post following the SEC delaying Grayscale’s ETH futures . . . → Read More: Grayscale ETH futures ETF a ‘trojan horse’ for spot Ethereum ETF: Analyst As we approach Bitcoin’s (BTC) halving in April, a phenomenon that historically triggers significant market shifts, companies within the space are at a critical juncture. This event is surrounded by speculation and strategic planning, and for some, a sense of uncertainty. While it’s laden with opportunities, it’s vital for businesses to adopt a balanced . . . → Read More: Expect some crypto companies to fail in the wake of Bitcoin’s halving A new report from blockchain security platform Immunefi suggests that nearly half of all crypto lost from Web3 exploits is due to Web2 security issues such as leaked private keys. The report, released on Nov. 15, looked back at the history of crypto exploits in 2022, categorizing them into different types of vulnerabilities. It . . . → Read More: 46% of crypto lost from exploits is due to traditional Web2 flaws — Immunefi Bitcoin (BTC) succumbed to profit-booking on Nov. 13 and 14, which pulled the price below $35,000. Corrections are a normal part of every up-move and are considered healthy, as they shake out the weak hands and allow the stronger hands to add to their positions. A note of caution to the eager dip buyers . . . → Read More: Price analysis 11/15: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, MATIC, LINK, TON Ethereum layer-2 networks reached a new milestone on Nov. 10, reaching $13 billion of total value locked (TVL) within their contracts, according to data from blockchain analytics platform L2Beat. According to industry experts, this trend of greater interest in layer 2s is likely to continue, although some challenges remain, especially in the realms of . . . → Read More: Layer 2 networks hit $13B TVL, but challenges still remain Disembarking the Liberty houseboat moored off the frontier of the European Union, we’re met by a pair of Serbian police officers, their lit squad car nearly blinding us in the dark forest. “How many people are staying on the boat?” one asks, holding a large dog at bay. “I really don’t recall,” says my . . . → Read More: Breaking into Liberland: Dodging guards with inner-tubes, decoys and diplomats Bitcoin (BTC) recently surged above $37,000 between Nov. 10 and 12, only to falter and undergo a correction toward $35,000 on Nov. 13. This abrupt movement triggered the liquidation of $121 million worth of long futures contracts, and while Bitcoin’s price stabilized around $35,800 on Nov. 14, investors are left pondering the underlying . . . → Read More: 3 reasons why Bitcoin price failed to break $37K |
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