Category: Latest news

[ad_1] Changpeng  Zhao has stepped down from his position as chairman of the board of directors for Binance.US, according to a Nov. 28 announcement. The resignation comes just over a week after CZ stepped down from his role at Binance Holdings as part of the exchange’s settlement with the U.S. Department of Justice (DOJ). Proxy…

[ad_1] Spanish citizens must disclose crypto holdings exceeding 50,000 euros (about $55,000) held on foreign platforms for tax purposes starting January next year, according to an update from Spain’s Tax Administration Agency, Agencia Tributaria. The tax agency introduced Form 721, a declaration form specifically designed for virtual assets held abroad. The form would require legal…

[ad_1] The decentralized trading platform dYdX Chain has achieved a significant milestone, transitioning from its ‘Beta Stage’ to ‘Full Trading’ as of Nov. 28. The initiation on the dYdX Chain was activated following a dYdX governance vote, showcasing the platform’s focus on decentralized decision-making and community-driven development. Major markets such as BTC-USD, ETH-USD, SOL-USD, and…

[ad_1] Quick Take While the core purpose of stablecoins like USDT, USDC, and TUSD is to equate to $1, an intriguing pattern of fluctuating price movements emerges upon close scrutiny. By employing a 14-day moving average to smooth out the price variations, we discern noticeable disparities in their respective trajectories. USDT, after trading at a…

[ad_1] At the recent GDEC 2023 conference, Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), critiqued Bitcoin and similar digital currencies, questioning their viability as a form of money. Menon asserted that private cryptocurrencies, including Bitcoin, have “miserably failed the test of money,” primarily due to their volatility and use as vehicles…

[ad_1] Quick Take The world of financial assets has a well-known pattern: a surge in asset prices prior to expected positive developments or ‘good news,’ followed by a notable slump when the event occurs. This phenomenon, often referred to as ‘buy the rumor, sell the news,’ suggests the interplay of strategic, perhaps institutional, buying and…

[ad_1] Quick Take Coinbase has recorded a remarkable surge in its share price, with a 61% uptick within the past month and a 256% increase on a Year-to-Date (YTD) basis. It stands second within crypto equities only to Grayscale Bitcoin Trust (GBTC), up 267% YTD. YTD Performance: COIN, MSTR, IREN, and GBTC: (Source: Trading View)…

[ad_1] In a recent blog post, Ethereum co-founder Vitalik Buterin presents his views on an ongoing debate around “techno-optimism.” The post was notably sparked by Marc Andreessen’s “Techno-Optimist Manifesto,” which advocates for an enthusiastic embrace of technology, markets, and capitalism as tools to propel humanity toward a brighter future. Andreessen’s manifesto firmly opposes what he…

[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…

[ad_1] Quick Take According to CNBC analyst Carl Quintanilla, a staggering $9.8 billion was spent on Black Friday, reflecting a 7.5% increment from the previous year, suggesting robust consumer behavior. Black Friday Revenue: (Source: Bloomberg, Adobe Analytics) However, a source of concern lies in a parallel trend: many of these purchases appear to be financed…