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Poloniex crypto exchange resumes withdrawals after $100M hack

Justin Sun’s cryptocurrency exchange Poloniex is preparing to resume operations after suffering a major hack in November, according to an official company announcement posted on Nov. 15.

In the statement, the company said that the platform has “mostly completed” the restoration efforts after the $100 million hack.

“The platform is now operating smoothly,” Poloniex said . . . → Read More: Poloniex crypto exchange resumes withdrawals after $100M hack

Cybersecurity team claims up to $2.1B in crypto stored in old wallets is at risk

While the crypto community is still weathering the effects of the recent $100 million Poloniex hack, another cybersecurity threat that could affect billions worth of crypto assets has been discovered by a team of blockchain security experts. 

On Nov. 14, cybersecurity company Unciphered released information on a vulnerability that it called “Randstorm,” which . . . → Read More: Cybersecurity team claims up to $2.1B in crypto stored in old wallets is at risk

BTC price bounces at 1-week lows as Bitcoin whales sell into $35K

Bitcoin (BTC) tested $35,000 support into the Nov. 14 daily close as sell-side pressure sparked multiday lows.

BTC/USD 1-hour chart. Source: TradingView BTC price sheds $1,000 in an hour

Data from Cointelegraph Markets Pro and TradingView tracked a swift retreat for BTC price action, which fell over $1,000 in a single hourly candle.

The . . . → Read More: BTC price bounces at 1-week lows as Bitcoin whales sell into $35K

Ethereum’s rollups are ‘gold standard’ but Plasma needs a revisit — Buterin

Plasma, a once-prominent Ethereum layer-2 scaling solution, should be revisited by teams currently working on zero-knowledge (ZK) Ethereum Virtual Machines (EVMs), said Ethereum co-founder Vitalik Buterin.

Invented in 2017, Plasma diverts data and computation — except deposits, withdrawals and Merkle roots — to an off-chain environment.

It was superseded by optimistic and ZK-rollups . . . → Read More: Ethereum’s rollups are ‘gold standard’ but Plasma needs a revisit — Buterin

OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK

Crypto exchange OKX has launched a testnet for an upcoming Ethereum layer-2 network named “X1,” according to a Nov. 14 announcement. The network is being developed using the Polygon chain development kit (CDK) and will use zero-knowledge proofs to validate deposits and withdrawals between layers.

OKX exchange interface. Source: OKX

OKX is the sixth-largest . . . → Read More: OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK

Bitcoin bounces at $36.2K lows as CPI inflation slows beyond forecasts

Bitcoin (BTC) targeted $37,000 at the Nov. 14 Wall Street open as the latest United States inflation data undercut expectations.

BTC/USD 1-hour chart. Source: TradingView CPI offers Bitcoin, stocks a pleasant surprise

Data from Cointelegraph Markets Pro and TradingView showed BTC price strength returning as the Consumer Price Index (CPI) reflected slowing inflation in . . . → Read More: Bitcoin bounces at $36.2K lows as CPI inflation slows beyond forecasts

I spent a week working in VR. It was mostly terrible, however…

I just spent an entire week working in virtual reality using the new Meta Quest 3. While the experience still mostly sucked, I came away with some renewed optimism for VR in the workplace.

As I took Ron’s outstretched, virtual hand for a handshake, my actual hand — in the real world — clumsily . . . → Read More: I spent a week working in VR. It was mostly terrible, however…

$48K is now ‘reasonable’ BTC price target — DecenTrader’s Filbfilb

Bitcoin (BTC) remains on track to near $50,000 around next year’s block subsidy halving event, longtime analyst Filbfilb says.

In his latest interview with Cointelegraph, the co-founder of trading suite DecenTrader shares his thoughts on BTC price action.

Filbfilb: Bitcoin has given “strong indicator” of bear market breakout

Bitcoin has well and truly cemented . . . → Read More: $48K is now ‘reasonable’ BTC price target — DecenTrader’s Filbfilb

Cointelegraph’s Rise ‘n’ Crypto: Unveiling the daily Web3 podcast

Looking for a way to get all the crypto news you need each day from the best source on the net? Then look no further!

Hosted by Robert Baggs, Rise ’n’ Crypto is a daily podcast covering the most recent and important news, insights and stories without the fluff or rambling. Every morning at . . . → Read More: Cointelegraph’s Rise ‘n’ Crypto: Unveiling the daily Web3 podcast

Tether credits USDT growth surge to ETF excitement, emerging markets

Tether (USDT), the largest stablecoin by market value, has been breaking new records throughout 2023, with its market capitalization adding at least $20 billion so far this year.

According to data from the blockchain data provider Whale Alert, Tether has minted 22.75 billion USDT so far this year, with at least 4 billion USDT . . . → Read More: Tether credits USDT growth surge to ETF excitement, emerging markets

Ripple exec reiterates need for tech-neutral crypto regulations

A Ripple executive has re-emphasized the need to adopt a technology-neutral approach for more effective and adaptable guardrails as global regulators grapple with cryptocurrency rules.

At the recent Ripple Swell 2023 event, Navin Gupta, managing director of South Asia, Middle East and North Africa at Ripple, told Cointelegraph that the industry should be . . . → Read More: Ripple exec reiterates need for tech-neutral crypto regulations

New figures show hardly anyone is using ERC-4337 smart accounts

Ethereum account abstraction advocate John Rising has shared some “sobering” numbers showing overall ERC-4437 adoption has been far from ideal. 

In a Nov. 14 post on X (formerly Twitter), Rising shared data points that showed ERC-4337-enabled smart accounts suffered a decline in users, low transaction activity and poor operational costs for core infrastructure providers.

. . . → Read More: New figures show hardly anyone is using ERC-4337 smart accounts

First deadline window looms for SEC to approve Bitcoin ETFs: Law Decoded

The United States Securities and Exchange Commission (SEC) could approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications by Nov. 17. Beginning on Nov. 9, the SEC reportedly has a “window” to approve all 12 spot Bitcoin ETF filings, including Grayscale Investments conversion of its Grayscale Bitcoin Trust product.

However, even if . . . → Read More: First deadline window looms for SEC to approve Bitcoin ETFs: Law Decoded

Price analysis 11/13: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

Bitcoin (BTC) has risen more than 120% year-to-date, indicating that the crypto sentiment has improved significantly. Solid buying has resulted in a sharp increase in crypto wallets holding more than $1 million in Bitcoin this year from 23,795 on Jan. 1 to 81,925 currently, according to BitInfoCharts data.

After the substantial rally, Bitcoin could . . . → Read More: Price analysis 11/13: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

Bitcoin institutional inflows top $1B in 2023 amid BTC supply squeeze

Bitcoin (BTC) institutional investment vehicles have seen over $1 billion in new inflows in less than two months.

In its latest weekly report on Nov. 13, crypto asset management firm CoinShares furthered the narrative that Bitcoin and altcoins are again attracting capital.

Crypto institutional product AUM up 99% year-to-date

Bitcoin, Ether (ETH) and some . . . → Read More: Bitcoin institutional inflows top $1B in 2023 amid BTC supply squeeze

Bitget drops plans to seek crypto license in Hong Kong

Cryptocurrency trading platform Bitget has dropped plans to obtain a Virtual Asset Trading Platform (VATP) license in Hong Kong, citing business and market-related considerations.

Bitget officially announced on Nov. 13 that its Hong Kong division, BitgetX, accessible by the domain BitgetX.hk, will cease operations by Dec. 13, 2023.

As Bitget decided not to . . . → Read More: Bitget drops plans to seek crypto license in Hong Kong

Brad Garlinghouse jabs at maximalists: ‘It will be a multichain world’

While many participants in the crypto space continue to advocate for only a single blockchain, some believe that the future will be made up of multiple blockchains working together. 

From Toronto in 2017 to now, we’ve taken #RippleSwell around the world. I closed out this year’s event with a fireside chat . . . → Read More: Brad Garlinghouse jabs at maximalists: ‘It will be a multichain world’

Stablecoin firm Tether minted 4B USDT in 4 weeks: Data

Major stablecoin issuer Tether has been increasingly minting new USDT (USDT) tokens, issuing 4 billion USDT over the past month.

Tether issued another 1 billion of Tether on the Tron blockchain on Nov. 10, blockchain data provider Whale Alert reported. The latest USDT minting came just a few days after Tether issued another 1 . . . → Read More: Stablecoin firm Tether minted 4B USDT in 4 weeks: Data

Bitcoin miners earned $44M in a day to record annual all-time high

The Bitcoin (BTC) mining community recorded its annual all-time high (ATH) on Nov. 12 after raking in over $44 million in block rewards and transaction fees. 

The revenue from Bitcoin mining primarily comes from rewards for confirming Bitcoin transactions and creating new blocks using high-tech computer equipment known as mining rigs. Miners currently receive . . . → Read More: Bitcoin miners earned $44M in a day to record annual all-time high

Hackers claim to have stolen user data from defunct crypto ATM firm Coin Cloud

An anonymous group of hackers claims to have stolen personal information for about 300,000 customers of the Bitcoin (BTC) ATM company called Coin Cloud, the pseudonymous cybersecurity account Vx-underground posted on X (formerly Twitter).

An unknown Threat Actor(s) claim to have compromised Coin Cloud.

They allege to have exfiltrated 70,000 . . . → Read More: Hackers claim to have stolen user data from defunct crypto ATM firm Coin Cloud

Take Bitcoin profits at $110K, CME tops Binance in BTC futures open interest: Hodler’s Digest, Nov. 5-11 

Top Stories This Week CME overtakes Binance to grab largest share of Bitcoin futures open interest

Bitcoin’s futures market is showing an interesting shift as global derivatives marketplace the Chicago Mercantile Exchange (CME) has surpassed Binance in terms of Bitcoin futures open interest. This change occurred after Bitcoin exceeded the $37,000 mark for the . . . → Read More: Take Bitcoin profits at $110K, CME tops Binance in BTC futures open interest: Hodler’s Digest, Nov. 5-11 

Pre-ETF BTC price ‘crash’ or $150K in 2025? Bitcoin forecasts diverge

Bitcoin (BTC) will “most likely” see a serious price drawdown before a key date for institutional investors dawns, says gold bug Peter Schiff.

In recent X activity, the longtime Bitcoin skeptic sounded the alarm over recent BTC price gains.

Schiff bets on a BTC price “crash” before ETF launches

Bitcoin is a favoirte topic . . . → Read More: Pre-ETF BTC price ‘crash’ or $150K in 2025? Bitcoin forecasts diverge

Bitcoiners pitch draft bill to preserve blockchain, decentralization in Argentina

Non-government organization Bitcoin Argentina presented a draft bill proposing to regulate the cryptocurrency market in a way that preserves decentralization and strengthens public trust.

The proposed legal framework was pitched by Bitcoin Argentina’s president Ricardo Mihura at LABITCONF 2023 in Argentina’s capital, Buenos Aires on Nov. 10. Bitcoin Argentina previously dismissed the idea that . . . → Read More: Bitcoiners pitch draft bill to preserve blockchain, decentralization in Argentina

Demand for Bitcoin could grow by up to 10X within 12 months: Michael Saylor

With the Bitcoin halving just months away, MicroStrategy co-founder and Bitcoin bull Michael Saylor thinks that demand for BTC could grow by as much as 10X by the end of 2024.

During a speech at the 2023 Australia Crypto Convention on Nov. 10, Saylor was asked to give his outlook for Bitcoin and . . . → Read More: Demand for Bitcoin could grow by up to 10X within 12 months: Michael Saylor

BlackRock argues SEC has no grounds to treat crypto futures and spot ETFs differently

BlackRock has argued that the U.S. Securities and Exchange Commission doesn’t have any legitimate reason to treat spot-crypto and crypto-futures exchange-traded fund applications differently.

BlackRock’s plan for a spot-Ether (ETH) ETF called the “iShares Ethereum Trust” was officially confirmed on Nov. 9, after Nasdaq submitted the 19b-4 application form to the SEC . . . → Read More: BlackRock argues SEC has no grounds to treat crypto futures and spot ETFs differently

Researchers claim Bitcoin experiment generated almost 300% higher returns than hodling

A team of academic researchers from the International Hellenic University and Democritus University of Thrace in Greece recently published a paper supporting the “efficient market hypothesis” (EMH) for Bitcoin (BTC) trading.

EMH is a controversial theory that the researchers claim contributed to the development of models capable of outperforming the hodl strategy by . . . → Read More: Researchers claim Bitcoin experiment generated almost 300% higher returns than hodling

Price analysis 11/10: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

News of BlackRock registering the iShares Ethereum Trust increased expectations that the asset manager may eventually apply for an Ether (ETH) spot exchange-traded fund. This is a positive sign as it shows that BlackRock’s cryptocurrency aspirations are not limited to Bitcoin (BTC).

Market observers are increasingly optimistic that spot Bitcoin ETFs will be greenlighted by . . . → Read More: Price analysis 11/10: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

‘$10K JPGs’ scare away gamers, Animoca’s crypto game streaming plans: Web3 Gamer

Animoca Brands buys streaming platform for blockchain games

Hong Kong Web3 gaming giant Animoca Brands (The Sandbox, Revv, Phantom Galaxies), has acquired blockchain-powered streaming platform Azarus for an undisclosed sum.

Built around the slogan “streams are not TV,” Azarus allows users to livestream their gameplay while using tokens for incentives and rewards. Animoca Brands . . . → Read More: ‘$10K JPGs’ scare away gamers, Animoca’s crypto game streaming plans: Web3 Gamer

Bitcoin ‘Terminal Price’ hints next BTC all-time high is at least $110K

Bitcoin (BTC) may next be a “sell” at at least $110,000 as its new bull cycle plays out, a classic on-chain indicator suggests.

Data from on-chain analytics platform Look Into Bitcoin shows Bitcoin’s Terminal Price hinting at a possible six-figure BTC price top.

BTC price to six figures next cycle?

As BTC price action . . . → Read More: Bitcoin ‘Terminal Price’ hints next BTC all-time high is at least $110K

Genesis seeks court’s approval to reduce 3AC claim from $1B to $33M

Bankrupt cryptocurrency lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund Three Arrows Capital (3AC).

According to a court filing on Nov. 9, Genesis argued that the 3AC debtor should receive an allowed general unsecured claim against Genesis in the amount of $33 million. . . . → Read More: Genesis seeks court’s approval to reduce 3AC claim from $1B to $33M

UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank

One of the Big Four banks in the United Kingdom, Lloyds Bank, has said that reports of cryptocurrency investment scams by victims have surged by 23% in the current year compared to the same period in 2022.

According to a press release published by Lloyds Bank, an increasing number of investors face the threat . . . → Read More: UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank

Wallet crypto bot rolls out on Telegram in Colombia, SA and Kenya

Cryptocurrency trading bot Wallet is debuting its global rollout on Telegram Messenger in several countries in Latin America and Africa.

The Open Platform (TOP), the Dubai-headquartered investment platform affiliated with TOP Labs and Wallet, announced the global rollout of the Wallet crypto bot on Nov. 10.

Wallet, a third-party Telegram bot allowing users to . . . → Read More: Wallet crypto bot rolls out on Telegram in Colombia, SA and Kenya

Bitcoin ETFs will drive institutional adoption in 2024 — Galaxy Digital’s Mike Novogratz

Galaxy Digital founder Mike Novogratz has told investors that 2024 will be headlined by institutional adoption of cryptocurrencies, which will be driven by the pending approval of Bitcoin (BTC) spot exchange-traded funds (ETFs).

During Galaxy Digital’s third-quarter earnings call on Nov. 9, Novogratz highlighted the firm’s belief that approving several ETFs “is now not . . . → Read More: Bitcoin ETFs will drive institutional adoption in 2024 — Galaxy Digital’s Mike Novogratz

Institute for blockchain and crypto research opens in France

On Nov. 8, the first-of-its-kind Institute of Crypto-Assets held a formal opening at the Léonard de Vinci Centre in the business district just outside of Paris. 

The institute will support and conduct research related to blockchain technology and cryptocurrencies. Its scientific board includes 11 experts from major French educational institutions, such as the . . . → Read More: Institute for blockchain and crypto research opens in France

BlackRock ETH ETF helps price past $2K; community sees BTC ETF as ‘done deal’

The world’s largest asset manager filed for a spot Ether (ETH) exchange-traded fund (ETF) on Nov. 9, four months after filing for a spot Bitcoin ETF. BlackRock’s filing helped ETH prices soar past $2,000 for the first time in over a year.

BlackRock’s intention to file for an Ether spot ETF had a bullish . . . → Read More: BlackRock ETH ETF helps price past $2K; community sees BTC ETF as ‘done deal’

Binance to terminate Russian ruble deposits next week

Cryptocurrency exchange Binance is progressing with its exit from Russia and is preparing to terminate local currency deposits next week.

Binance will stop accepting deposits in Russian rubles starting Nov. 15, 2023, the firm officially announced on Friday. Binance also advised users to withdraw RUB from the platform, as it expects to terminate . . . → Read More: Binance to terminate Russian ruble deposits next week

Bitwise insists ‘no affiliation’ with startup facing SEC charges

Crypto index fund manager Bitwise Asset Management has stressed that it has no relationship with the failed technology startup Bitwise Industries, which is currently facing charges from the United States Securities and Exchange Commission.

Today we announced charges against Jake Soberal and Irma Olguin, Jr., the former co-CEOs of Fresno, California-based . . . → Read More: Bitwise insists ‘no affiliation’ with startup facing SEC charges

CME tops Bitcoin futures OI as ‘real facts’ drive institutional uptake

Bitcoin (BTC) faces a “torrent” of institutional inflows in the run-up to a United States exchange-traded fund (ETF) approval.

That is the perspective of Dan Tapiero, founder and CEO of 10T Holdings, who has joined the bulls eyeing a sea change in institutional Bitcoin adoption.

Tapiero: Mass capital inflows “about to hit” Bitcoin

As . . . → Read More: CME tops Bitcoin futures OI as ‘real facts’ drive institutional uptake

CME overtakes Binance to grab largest share of Bitcoin futures open interest

Binance’s dominance of Bitcoin (BTC) futures open interest has been toppled by traditional derivatives marketplace heavyweight Chicago Mercantile Exchange (CME), following Bitcoin’s first move past the $37,000 mark in over 18 months.

A number of analysts highlighted the “flippening” of Binance by CME, with the latter overtaking the global cryptocurrency exchange for the largest . . . → Read More: CME overtakes Binance to grab largest share of Bitcoin futures open interest

Ethereum, Bitcoin users reignite scalability debate as gas fees surge

A recent spike in transaction fees on Ethereum and Bitcoin appears to have reignited the debate around solutions for scalability and the role of layer 2s.

Over the last 24 hours, cryptocurrency users began sharing screenshots showing double, occasionally triple-digit transaction fees on Ethereum and Bitcoin.

One screenshot showed gas fees were as . . . → Read More: Ethereum, Bitcoin users reignite scalability debate as gas fees surge

Ethereum price hits 6-month high amid BlackRock spot ETF buzz, but where’s the retail demand?

Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futures. The initial announcement was made by . . . → Read More: Ethereum price hits 6-month high amid BlackRock spot ETF buzz, but where’s the retail demand?

China’s surprise NFT move, Hong Kong’s $15M Bitcoin fund: Asia Express

China to protect NFTs 

In a surprise move, the Chinese government has guaranteed legal protection for NFTs.

In response to a series of often conflicting judicial opinions on the state of cryptocurrency in the country, the Chinese government has officially issued a legal commentary on dealing with cases of nonfungible tokens (NFTs) theft and their status . . . → Read More: China’s surprise NFT move, Hong Kong’s $15M Bitcoin fund: Asia Express

BlackRock’s spot Ethereum ETF plan is confirmed after Nasdaq filing

Blackrock’s plans for a spot Ether (ETH) exchange-traded fund (ETF) have now been confirmed, per a 19b-4 form filing submitted to the United States Securities and Exchange Commission on Nov. 9.

Nasdaq filed the 19b-4 form with the securities regulator on behalf of the $9-trillion asset management firm for a proposed ETF called the . . . → Read More: BlackRock’s spot Ethereum ETF plan is confirmed after Nasdaq filing

Are high fees killing some types of DApps? Cartesi explains on Hashing It Out

As the race between Ethereum layer-2 networks heats up, users are left with questions about each network’s unique nature, use cases and plan for attracting more users to Web3. In Episode 36 of Hashing It Out, Elisha Owusu Akyaw (GhCryptoGuy) discusses app-specific rollup protocols with Cartesi co-founders Colin Steil and Erick de Moura.

. . . → Read More: Are high fees killing some types of DApps? Cartesi explains on Hashing It Out

BlackRock iShares Ethereum Trust registered in Delaware

BlackRock has registered an Ethereum trust in the American state of Delaware, which is possibly a first step toward a spot Ether (ETH) exchange-traded fund (ETF). 

BlackRock registered its Bitcoin (BTC) trust in June, shortly before filing with the United States Securities and Exchange Commission for a Bitcoin ETF. 

BlackRock has . . . → Read More: BlackRock iShares Ethereum Trust registered in Delaware

Proof of Stake Alliance updates recommendations for staking providers

The Proof of Stake Alliance (POSA), a nonprofit organization that represents firms in the crypto staking industry, published an updated version of its “staking principles” on Nov. 9.

Previous version of the POSA staking principles. Source: POSA

POSA represents 15 different firms in the staking industry, including Alluvial, Ava Labs, Blockdaemon, Coinbase, Credibly Neutral, . . . → Read More: Proof of Stake Alliance updates recommendations for staking providers

Train AI models to sell as NFTs, LLMs are Large Lying Machines: AI Eye

AI Arena

AI Eye chatted with Framework Venture’s Vance Spencer recently and he raved about the possibilities offered by an upcoming game his fund invested in called AI Arena in which players train AI models how to battle each other in an arena.

Framework Ventures was an early investor in Chainlink and Synthetix and . . . → Read More: Train AI models to sell as NFTs, LLMs are Large Lying Machines: AI Eye

Bitcoin puzzles traders as BTC price targets $40K despite declining volume

Bitcoin (BTC) may have tapped $37,000 for the first time in 18 months, but traders are getting suspicious of BTC price action.

BTC/USD 1-hour chart. Source: TradingView BTC price move “doesn’t feel right”

After snap overnight gains, Bitcoin is attempting to crush resistance on the way toward the $40,000 mark.

??Data from Cointelegraph Markets . . . → Read More: Bitcoin puzzles traders as BTC price targets $40K despite declining volume

Bitcoin briefly tops $37K amid market optimism for pending spot ETF approvals

Bitcoin (BTC) briefly surpassed the $37,000 mark for the first time in 18 months as the broader markets reflect optimism over the pending approval of spot BTC exchange-traded funds (ETF) in the United States.

Data from several cryptocurrency market platforms, including Cointelegraph Markets Pro and TradingView, showed BTC/USD hitting $37,073 at 7:47 am Eastern . . . → Read More: Bitcoin briefly tops $37K amid market optimism for pending spot ETF approvals

Crypto VC firm Spartan Capital invests in Pendle to drive DeFi growth

Singapore-based digital asset investment firm Spartan Group has announced an investment in the decentralized finance (DeFi) protocol Pendle Finance. The size of the investment was not disclosed.

After actively supporting Pendle since its launch in 2021, Spartan Group’s crypto venture capital (VC) arm, Spartan Capital, has made a follow-on investment in Pendle Finance through an . . . → Read More: Crypto VC firm Spartan Capital invests in Pendle to drive DeFi growth

Cathie Wood’s ARK bags 1.1M Robinhood shares in one day

ARK Invest, the investment firm founded by major Bitcoin (BTC) advocate Cathie Wood, is actively accumulating stock of the crypto-friendly app Robinhood.

On Nov. 8, ARK made a massive Robinhood stock purchase, bagging a total of 1.1 million shares for about $9.5 million in one day, according to a trade notification seen by Cointelegraph.

. . . → Read More: Cathie Wood’s ARK bags 1.1M Robinhood shares in one day

ARK Invest and 21Shares partner to launch digital asset ETF suite

Investment management firm ARK Invest, led by pro-Bitcoin investment veteran Cathie Wood, has collaborated with exchange-traded product (ETP) provider 21Shares to launch a new suite of digital asset exchange-traded funds (ETFs). The move aims to provide a “robust set of options” for investors looking to get digital assets into their trading portfolio.

. . . → Read More: ARK Invest and 21Shares partner to launch digital asset ETF suite

AAA studio Ubisoft to develop Web3 gaming experience with Immutable

AAA gaming studio Ubisoft has partnered with blockchain game firm Immutable to collaborate on developing Web3 games through its Strategic Innovation Lab.

An announcement shared with Cointelegraph said the two studios will combine their expertise to intertwine mainstream gaming development quality with Web3-enabled functionality.

Nicolas Pouard, who heads up Ubisoft’s blockchain initiative, noted . . . → Read More: AAA studio Ubisoft to develop Web3 gaming experience with Immutable

Crypto exchange CoinSpot reportedly suffers $2M hot wallet hack

Australian crypto exchange CoinSpot has reportedly been hacked for $2.4 million in a “probable private key compromise” over at least one of its hot wallets.

According to a Nov. 8 post to his Telegram channel, blockchain sleuth ZachXBT highlighted two transactions entering the alleged hacker’s wallet. Afterward, the wallet’s owner bridged the funds to . . . → Read More: Crypto exchange CoinSpot reportedly suffers $2M hot wallet hack

LidoDAO launches official version of wstETH on Base

Lido’s governing body has approved the deployment of Lido’s Wrapped Staked Ether (wstETH) to Coinbase’s Base network, according to a Nov. 8 announcement. The token is now live and can be traded or used in decentralized finance (DeFi) applications on the Base network.

Lido is on @BuildOnBase

You can now . . . → Read More: LidoDAO launches official version of wstETH on Base

Price analysis 11/8: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin’s (BTC) rally stalled near $36,000, but the bulls have not hurried to book profits. According to Glassnode analysis, the Long-Term Holder metric, which are addresses holding Bitcoin for at least 155 days, supply is near an all-time high, while the Short-Term Holder, addresses holding coins for less than 155 days, supply is near . . . → Read More: Price analysis 11/8: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Polygon Labs and Near announce ZK prover for WASM integration

The developers of the Near and Polygon networks are teaming up to create a zero-knowledge (ZK) prover for Web Assembly (WASM) blockchains, according to a joint announcement on Nov. 8. The new prover, called “zkWASM,” will for the first time allow WASM-based networks to join the Polygon ecosystem.

Zero-knowledge, meet Web . . . → Read More: Polygon Labs and Near announce ZK prover for WASM integration

Exclusive: 2 years after John McAfee’s death, widow Janice is broke and needs answers

Janice McAfee, the widow of tech impresario John McAfee, is still in the midst of grief. She is doing “odd jobs to feed herself,” has run out of funds, and still doesn’t know what really happened to her husband.

Since the death of crypto guru and antivirus pioneer husband John McAfee in a Barcelona . . . → Read More: Exclusive: 2 years after John McAfee’s death, widow Janice is broke and needs answers

EU banking watchdog proposes liquidity rules for stablecoin issuers

The European Banking Authority (EBA) — the European Union’s banking watchdog — has proposed a new set of guidelines for stablecoin issuers that will set minimum capital and liquidity requirements.

The new liquidity guidelines aim to ensure the stablecoin can be quickly redeemed even during turbulent market conditions to avoid the risk of bank runs . . . → Read More: EU banking watchdog proposes liquidity rules for stablecoin issuers

HSBC taps Ripple’s Metaco to launch security token custody

Major global banking company HSBC plans to launch an institutional custody platform for tokenized securities, also known as security tokens.

HSBC has partnered with Ripple-owned tech firm Metaco to integrate its institutional platform Harmonize with HSBC’s new custody service for digital assets, the firm announced on Nov. 8.

The bank expects to roll . . . → Read More: HSBC taps Ripple’s Metaco to launch security token custody

Swiss crypto bank SEBA gets Hong Kong SFC license

Switzerland-based crypto bank SEBA Bank has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC).

SEBA’s Hong Kong subsidiary, SEBA Hong Kong, received the regulatory nod to offer a range of crypto-related services in the region. According to the data available on the SFC website, . . . → Read More: Swiss crypto bank SEBA gets Hong Kong SFC license

Crypto banking app Bitwala relaunches via new partnership with Striga

European cryptocurrency banking platform Bitwala, formerly known as Nuri, is coming back after ceasing operations and returning customer funds last year.

Bitwala is relaunching operations under its original name in partnership with the support of the banking infrastructure company Striga, the firms said in a joint announcement to Cointelegraph on Nov. 8.

As . . . → Read More: Crypto banking app Bitwala relaunches via new partnership with Striga

Simp DAO queen Irene Zhao on why good memes are harder than trading: X Hall of Flame

Who is this person anyway?

Irene Zhao, the Simp-Queen mastermind behind the SO-COL platform and a Crypto Twitter influencer, explains that having a celebrity in your corner can turbocharge your NFT collection.

Zhao’s first Simp DAO and NFT collection, IreneDAO, started with a floor price that was basically pocket change in ETH.

“I think . . . → Read More: Simp DAO queen Irene Zhao on why good memes are harder than trading: X Hall of Flame

Caitlin Long’s Custodia Bank launches Bitcoin custody platform

Custodia Bank, a cryptocurrency-friendly bank founded by Bitcoin (BTC) advocate Caitlin Long, has launched its Bitcoin custody platform.

The firm took to X (formerly Twitter) on Nov. 7 to announce the launch of Custodia Bank’s Bitcoin custody service targeting businesses like fiduciaries, investment advisers, fund managers and corporate treasurers.

The launch comes soon . . . → Read More: Caitlin Long’s Custodia Bank launches Bitcoin custody platform

Bitcoin open interest passes $15B as analyst warns of 20% BTC price dip

Bitcoin (BTC) fell toward $34,500 on Nov. 7 as analysts’ attention turned to mushrooming open interest.

BTC/USD 1-hour chart. Source: TradingView Open interest “surge” spooks Bitcoin pundits

Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory struggling to reclaim $35,000 as support.

The largest cryptocurrency lacked clear direction into the Wall Street . . . → Read More: Bitcoin open interest passes $15B as analyst warns of 20% BTC price dip

Inordinately high — Bitcoin Ordinals send BTC transaction fees to new 5-month peak

Bitcoin (BTC) transaction fees are at their highest in nearly six months as a new wave of inscriptions boosts competition for block space.

Data from statistics resource BitInfoCharts shows the average BTC transaction fee approaching $6 as of Nov. 7.

Ordinals taking up Bitcoin mempool again

The return of Bitcoin Ordinals is making its . . . → Read More: Inordinately high — Bitcoin Ordinals send BTC transaction fees to new 5-month peak

Crypto data platform Glassnode sells Bitcoin tax software to Blockpit

Cryptocurrency intelligence firm Glassnode has said it’s dropping crypto tax-related projects to focus on new solutions targeting institutional investors and decentralized finance (DeFi).

Glassnode, on Nov. 6, announced the sale of its crypto-focused tax platform known as Accointing to the European crypto compliance provider Blockpit. The firms declined to disclose the size of . . . → Read More: Crypto data platform Glassnode sells Bitcoin tax software to Blockpit

LHV Bank founder has $470M worth of Ethereum, but lost his private key

The founder of Estonia-based LHV Bank, Rain Lõhmus, has been revealed as the owner of a massive 250,000-Ether (ETH) stash bought during the Ethereum initial coin offering, which is now worth an eye-watering $470 million.

There’s only one problem: He no longer has the keys.

In February, Coinbase director Conor Grogan highlighted an . . . → Read More: LHV Bank founder has $470M worth of Ethereum, but lost his private key

6 Questions for Lugui Tillier about Bitcoin, Ordinals, and the future of crypto

Lugui Tillier is the sales manager for Lumx Studios, one of the top cryptocurrency firms in Rio de Janeiro — a city with a burgeoning crypto industry.

But for Tillier — who holds dual citizenship between Belgium and Brazil — cryptocurrency is more than a job. It was a passion sparked by a friend, and . . . → Read More: 6 Questions for Lugui Tillier about Bitcoin, Ordinals, and the future of crypto

Price analysis 11/6: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Bitcoin’s (BTC) marginal rise of about 1.5% last week suggests that traders are cautious at higher levels but they are not rushing to the exit. The bears have been in hibernation for the past few days but if the rally fails to resume, sellers may try to make a comeback.

However, in an uptrend, . . . → Read More: Price analysis 11/6: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

3 reasons why Ethereum price is underperforming altcoins

The price of Ether (ETH) surged by 6.2% from Nov. 3 to Nov. 5, but the altcoin is facing difficulty breaking the $1,900 resistance. Despite the current bullish trend, Ether’s 17% return over the last 30 days falls short of Bitcoin’s (BTC) impressive 27% gain during the same period.

Regulatory hurdles and ecosystem centralization . . . → Read More: 3 reasons why Ethereum price is underperforming altcoins

Telegram Wallet avoided self-custody to ease crypto onboarding, COO says

Telegram Wallet, a major Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has chosen custody over self-custody to chase easier onboarding goals, according to a senior executive.

In July 2023, crypto-friendly Telegram messenger announced the integration of the custodial crypto wallet to allow users to access it directly from . . . → Read More: Telegram Wallet avoided self-custody to ease crypto onboarding, COO says

China ‘does not want to miss out’: Community reacts to HK spot Bitcoin ETF news

The cryptocurrency community is excited about the Hong Kong government reportedly weighing the launch of a spot cryptocurrency exchange-traded fund (ETF) amid the ongoing regulatory pushback against such products in the United States.

Hong Kong’s potential entrance into spot crypto ETFs could be a significant development in the context of the economic confrontation between . . . → Read More: China ‘does not want to miss out’: Community reacts to HK spot Bitcoin ETF news

Exchange flow gap hits 10K BTC — 5 things to know in Bitcoin this week

Bitcoin (BTC) begins the second week of November still holding strong near 18-month highs — where might BTC price movements head next?

The largest cryptocurrency has fought off sell pressure to seal another impressive weekly close.

In what analysis is increasingly describing as a change in sentiment, Bitcoin and altcoins alike are refusing to . . . → Read More: Exchange flow gap hits 10K BTC — 5 things to know in Bitcoin this week

Spot Bitcoin ETF hype reignited zest for blockchain games: Yat Siu

Enthusiasm surrounding a possible spot Bitcoin (BTC) exchange-traded fund (ETF) isn’t just driving up the price of Bitcoin — it’s also sparked a resurgence of enthusiasm for blockchain games, said Animoca Brands founder Yat Siu.

Speaking to Cointelegraph at Hong Kong Fintech Week, Siu said the price increases of many cryptocurrencies reignited investor confidence . . . → Read More: Spot Bitcoin ETF hype reignited zest for blockchain games: Yat Siu

Luxor refutes claims its Bitcoin hash rate-backed product is BlockFi, Celsius 2.0

An upcoming Bitcoin (BTC) hash rate-backed product that could offer 10%–13% returns shouldn’t be compared to failed products by BlockFi or Celsius, as its returns come from proof-of-work, not “Ponzi schemes,” claims the product’s creator, Bitcoin mining firm Luxor Technology.

The legitimacy of Luxor’s hash rate-backed product was highlighted in an Oct. 17 . . . → Read More: Luxor refutes claims its Bitcoin hash rate-backed product is BlockFi, Celsius 2.0

VC Roundup: Private accounts, tokenization and healthcare infrastructure grab investor attention

Blockchain-based startups continue to attract funding during the current bear market, with MetaMask partner Blockaid raising $33 million in October. However, overall funding in the crypto industry has dropped to levels last seen in 2020, amassing $2.1 billion over 297 deals in the third quarter of 2023, according to Messari. As is often the case . . . → Read More: VC Roundup: Private accounts, tokenization and healthcare infrastructure grab investor attention

Monero’s community wallet loses all funds after attack

A recent attack compromised Monero’s community crowdfunding wallet, wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000.

The incident took place on Sept. 1 but was only disclosed on GitHub on Nov. 2 by Monero developer Luigi. According to him, the source of the breach has not been identified yet.

. . . → Read More: Monero’s community wallet loses all funds after attack

Fake Ledger Live app sneaks into Microsoft’s app store, $588K stolen

Almost $600,000 in Bitcoin (BTC) has been stolen from users who downloaded a fake Ledger Live application on Microsoft’s app store, according to cryptocurrency sleuth ZachXBT.

The on-chain analyst spotted the scam, “Ledger Live Web3,” on Nov. 5, which is tricking users into thinking that they’re downloading “Ledger Live” — a user interface for Ledger . . . → Read More: Fake Ledger Live app sneaks into Microsoft’s app store, $588K stolen

Sam Bankman-Fried convicted, PayPal faces SEC subpoena, and other news: Hodler’s Digest, Oct. 19 – Nov. 4

Top Stories This Week Sam Bankman-Fried found guilty, what’s next for the ‘crypto king’?

Former FTX CEO Sam Bankman-Fried was found guilty of all seven charges by a jury in his criminal trial in New York after about four hours of deliberation. He was convicted of two counts of wire fraud, two counts of . . . → Read More: Sam Bankman-Fried convicted, PayPal faces SEC subpoena, and other news: Hodler’s Digest, Oct. 19 – Nov. 4

Bitcoin bulls defend $34K as trader predicts next BTC price ‘impulse’

Bitcoin (BTC) sought to pressure $35,000 on Nov. 4 as weekend markets continued to consolidate higher.

BTC/USD 1-hour chart. Source: TradingView “Significant” event sets up BTC price upside

Data from Cointelegraph Markets Pro and TradingView showed BTC price support holding after the end of Wall Street trading.

The largest cryptocurrency saw a revisit of . . . → Read More: Bitcoin bulls defend $34K as trader predicts next BTC price ‘impulse’

Bitcoin Magazine claims Fed accused it of trademark violation for T-shirts

The United States Federal Reserve has sent a cease-and-desist letter to crypto media publication Bitcoin Magazine, accusing it of trademark violations, according to a Nov. 3 post from the publication. Bitcoin Magazine claims it is being targeted because of its use of the word “FedNow” on “t-shirts, hats, and other wearables.” FedNow is the . . . → Read More: Bitcoin Magazine claims Fed accused it of trademark violation for T-shirts

Price analysis 11/3: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin (BTC) soared above $35,000 on Nov. 2 and that may have sucked in the aggressive bulls who speculated that the next leg of the up-move was beginning. However, the price quickly turned around and fell back below $35,000 signaling that the breakout may have been a fake move.

A mild correction during an . . . → Read More: Price analysis 11/3: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

CME Bitcoin futures hit record high, but uncertainty looms above $36K

Bitcoin futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on Nov. 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched. 

Bullish momentum on CME Bitcoin futures, but cautious BTC options . . . → Read More: CME Bitcoin futures hit record high, but uncertainty looms above $36K

Opinion: With Bitcoin’s halving months away, it may be time to go risk-on

More tradition than coincidence, the Christmas season is around the corner again and the market is looking good for yet another run. Bitcoin (BTC) surged to more than $35,000 in October, another record high for 2023. The year-long rally has been attributed to unconventional market trends, including excitement over the Bitcoin spot ETF . . . → Read More: Opinion: With Bitcoin’s halving months away, it may be time to go risk-on

Bitcoin disappoints while Markets Pro delivers 88% gains in 29 hours

2023 was anticipated to be the comeback year for Bitcoin. Experts predicted that the King of Crypto would soar to $50,000 or more, but it has only bounced back to about $26,000 since the bear market started in late 2021. Cointelegraph Markets Pro, despite the bearish trends ruling the space, has sent investors more . . . → Read More: Bitcoin disappoints while Markets Pro delivers 88% gains in 29 hours

FTX claims climb to 57% as Sam Bankman-Fried found guilty on all counts

The current claim pricing of FTX has reached a maximum of 57%, according to data from Claims Market. The increase in FTX’s claim pricing is attributed to the valuation of artificial intelligence (AI) companies that the now-bankrupt crypto exchange previously invested in. 

Creditors stake their claims to try to recoup some of their investment . . . → Read More: FTX claims climb to 57% as Sam Bankman-Fried found guilty on all counts

Bitcoin to the moon! Top 5 BTC price predictions for 2024 and beyond

Bitcoin (BTC) continues to circle its highest levels in 18 months, and bullish BTC price predictions are flowing in — how high can the bull market go and how fast?

From a crash to $20,000 to six figures within months, there is plenty of variety when it comes to what Bitcoin might do next, . . . → Read More: Bitcoin to the moon! Top 5 BTC price predictions for 2024 and beyond

Jack Dorsey’s Block had $5.62B in revenue, $44M in Bitcoin profits in Q3

Jack Dorsey-led Block, a Bitcoin-focused fintech company, published its third-quarter earnings report on Nov. 2, revealing a profitable quarter and surpassing analyst expectations.

The firm had $5.62 billion in revenue in the third quarter of 2023, boosted by solid revenue growth in Cash App and Square, with $44 million in profit on its Bitcoin . . . → Read More: Jack Dorsey’s Block had $5.62B in revenue, $44M in Bitcoin profits in Q3

$308M crypto laundering scheme busted, Hashkey token, Hong Kong CBDC: Asia Express

Visa completes Hong Kong digital currency trial with HSBC and Hang Seng

Hong Kong is one step closer to a central bank digital currency (CBDC) with the release of its successful phase 1 results in collaboration with Visa, HSBC and Hang Seng Bank.

According to a Nov. 1 announcement, Visa said that it achieved . . . → Read More: $308M crypto laundering scheme busted, Hashkey token, Hong Kong CBDC: Asia Express

Aragon Association to dissolve, will disburse $155M in assets to tokenholders

The governing body for the aragonOS software will dissolve, distributing most of its assets to tokenholders in the process, according to a Nov. 2 blog post. The body, called the Aragon Association (AA), will distribute 86,343 Ether (ETH), approximately $155 million at the current price, from its treasury to tokenholders as it unwinds.

. . . → Read More: Aragon Association to dissolve, will disburse $155M in assets to tokenholders

BTC price dips 3.5% as ‘overheated’ Bitcoin derivatives spark angst

Bitcoin (BTC) broke below $35,000 after the Nov. 2 Wall Street open as analysis warned of “overheated” derivatives.

BTC/USD 1-hour chart. Source: TradingView Bitcoin undoes post-Fed gains

Data from Cointelegraph Markets Pro and TradingView tracked a retreating BTC price as it erased ground it reclaimed overnight.

The largest cryptocurrency had hit new 18-month highs . . . → Read More: BTC price dips 3.5% as ‘overheated’ Bitcoin derivatives spark angst

Slumdog billionaire 2: ‘Top 10… brings no satisfaction’ says Polygon’s Sandeep Nailwal

Read Part 1 here: Slumdog billionaire: Incredible rags-to-riches tale of Polygon’s Sandeep Nailwal

Growing up in poverty in a Delhi ghetto with an alcoholic father and an illiterate mother, Sandeep Nailwal has always had a fire in his belly to achieve something better.

He wants to go big or go home — middling success . . . → Read More: Slumdog billionaire 2: ‘Top 10… brings no satisfaction’ says Polygon’s Sandeep Nailwal

ProShares announces launch of short Ether-linked ETF

ProShares, a major issuer of exchange-traded funds (ETF), announced the launch of the short Ether-linked ETF on Nov. 2.

ProShares’s new Short Ether Strategy ETF is set to start trading on the New York Stock Exchange’s Arca under the ticker symbol SETH and is designed to provide investors with an opportunity to profit from . . . → Read More: ProShares announces launch of short Ether-linked ETF

3 Satoshi-era Bitcoin wallets transfer $230M in BTC after 6-year dormancy

Three Satoshi-era Bitcoin (BTC) whale addresses that have been dormant since November 2017 transferred 6,500 BTC, worth roughly $230 million, on Nov. 2. Satoshi-era BTC refers to the very early stages of the Bitcoin network when it was still relatively unknown.

According to data from BitInfoCharts, the first wallet moved 2,550 BTC, estimated . . . → Read More: 3 Satoshi-era Bitcoin wallets transfer $230M in BTC after 6-year dormancy

PayPal faces SEC action related to PYUSD stablecoin: Official

Payment giant PayPal has received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its U.S. dollar-pegged stablecoin.

The Enforcement division of the SEC has sent a subpoena to PayPal related to its PayPal USD (PYUSD) stablecoin, the firm officially disclosed on Nov. 2 in its Q3 financial report with the SEC.

. . . → Read More: PayPal faces SEC action related to PYUSD stablecoin: Official

Tether issues $610M debt financing to Bitcoin miner Northern Data

The Tether (USDT) stablecoin issuer is raising the bet on Bitcoin (BTC) mining by issuing a major debt facility to German-based BTC mining company Northern Data AG.

Northern Data AG has secured a 575-million-euro ($610 million) debt financing facility from Tether to drive further investments across its businesses, according to an announcement on . . . → Read More: Tether issues $610M debt financing to Bitcoin miner Northern Data

New BTC price breakouts see Bitcoin traders confirm targets up to $48K

Bitcoin (BTC) has jumped to new 18-month highs, but holding its latest support is now key to avoiding a “breakdown.”

BTC/USD 1-week chart. Source: TradingView $35,000 decides Bitcoin range breakout validity

Data from Cointelegraph Markets Pro and TradingView shows BTC price gains continuing into Nov. 2.

BTC/USD hit $35,968 on Bitstamp after the daily . . . → Read More: New BTC price breakouts see Bitcoin traders confirm targets up to $48K

Top Swiss bank launches Bitcoin and Ether trading with SEBA

Switzerland’s St.Galler Kantonalbank (SGKB), one of the largest banks in the country, is moving into cryptocurrency by introducing Bitcoin (BTC) and Ether (ETH) trading to its customers.

SGKB has partnered with the global cryptocurrency-focused SEBA Bank to offer its clients digital asset custody and brokerage services.

Announcing the news on Nov. 1, SGKB . . . → Read More: Top Swiss bank launches Bitcoin and Ether trading with SEBA

Elon Musk slams NFTs but ends up arguing the case for Bitcoin Ordinals

While publicly mocking nonfungible tokens (NFTs) during a podcast, Tesla CEO and billionaire Elon Musk appears to have inadvertently highlighted the case for Bitcoin Ordinals, also known as Bitcoin NFTs.

“The funny thing is the NFT is not even on the blockchain — it’s just a URL to the JPEG,” said Musk in an . . . → Read More: Elon Musk slams NFTs but ends up arguing the case for Bitcoin Ordinals