Author: e_cash_top
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Bitcoin to fly past $40,000 in December despite Binance scandal, Matrixport predicts
[ad_1] Despite Binance’s recent skirmishes with the regulatory authorities in the United States, there is a 90% assurance that Bitcoin’s price will exceed $40,000 by December, crypto services provider Matrixport said in a Nov. 23 research note shared with CryptoSlate. Binance, the largest crypto exchange by trading volume, agreed to a more than $4 billion…
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Kraken’s Powell criticizes SEC’s ‘convenience-based’ enforcement actions in crypto industry
[ad_1] Kraken co-founder Jesse Powell suggested that the U.S. Securities and Exchanges Commission (SEC) prioritized cases based on convenience, giving examples of the regulatory actions taken against U.S.-based entities like Coinbase, Ripple, and Kraken. In a Nov. 23 statement on social media platform X (formerly Twitter), Powell said these regulatory actions reflect a localized enforcement approach…
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After FTX shock, Bitcoin holders brace for the long haul with record dormancy
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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KyberSwap hacker opens door for negotiations after $45 million exploit
[ad_1] The KyberSwap hacker has shown a willingness to negotiate after exploiting the decentralized exchange for around $45 million, according to on-chain messages. The attacker publicly messaged KyberSwap, stating negotiations would commence shortly after adequate “rest:” “Dear Kyberswap Developers, Employees, DAO members, and LPs, Negotiations will start in a few hours when I am fully…
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Secret behind OpenAI drama may be a step toward AGI with mathematical breakthrough
[ad_1] Reuters reported early on Nov. 23 that the recent ousting of Sam Altman, CEO of OpenAI, was linked to developing a breakthrough AI model, Q*. This model represents what could be a significant step towards achieving Artificial General Intelligence (AGI), a milestone in the field of AI. In a talk held a day before…
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Grayscale files updated Bitcoin ETF prospectus days after talks with U.S. SEC
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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BBVA Switzerland selects Ripple-owned Metaco to power digital asset operations
[ad_1] BBVA Switzerland, the Swiss subsidiary of the Spanish banking behemoth BBVA, has announced a strategic partnership with Ripple-owned Metaco to build its digital asset operations via the latter’s Harmonize platform, according to a social media announcement. BBVA’s Swiss unit is the latest in a string of prestigious banks that have entered deals with Metaco…
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Coinbase champions regulatory compliance amid Binance woes
[ad_1] Coinbase CEO Brian Armstrong has touted his exchange’s compliance-first approach following the issues that bedeviled rival Binance. In a Nov. 21 statement on social media platform X, Armstrong pointed out that Coinbase embraced compliance since its launch in 2012 “to become a generational company that stood the test of time.” “Since the founding of…
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U.S. Treasury calls $3.4B Binance resolution FinCEN’s largest settlement in history
[ad_1] The U.S. Department of the Treasury published its comments on settlements with Binance and related parties in a statement on Nov. 21. Secretary of the Treasury Janet Yellen said: “Binance turned a blind eye to its legal obligations in the pursuit of profit. Its willful failures allowed money to flow to terrorists, cybercriminals, and…
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Hester Peirce says SEC shouldn’t block spot Bitcoin ETFs, speaks on Binance resolution
[ad_1] Commissioner Hester Peirce of the U.S. Securities and Exchange Commission (SEC) commented on pending spot Bitcoin ETFs to Bloomberg on Nov. 22. Peirce said that, although she cannot comment on currently active ETF proposals, she is open to approving such a product. She said: “I’ve been very transparent that I’ve thought for many years…