Category: Latest news

[ad_1] European Central Bank President Christine Lagarde revealed that her son lost money investing in cryptocurrency, according to Reuters on Nov. 24. Lagarde said that her son lost “almost all” of his investments by trading cryptocurrency against her warnings. During an event, she said: “He ignored me royally, which is his privilege … And he…

[ad_1] Coinbase’s COIN stock has rallied to its highest point since late April 2022 at $115, representing a 216% growth on the year-to-date metric, according to Tradingview data. Observers have linked COIN’s price performance to the generally positive trend observed in the crypto space, where flagship digital assets like Bitcoin, Ethereum, and Solana have recorded more than 100%…

[ad_1] The U.K. has officially greenlit a project that will allow authorized funds to develop tokenization in the investment sector in an effort to boost efficiency, transparency, and competitiveness, according to a Nov. 24 press release issued by The Investment Association, which represents the sector. The initiative is part of a concerted effort by the…

[ad_1] Cryptocurrency exchange HTX, previously known as Huobi Global,  announced that it will fully compensate users for the losses incurred in a $13.6 million hack on Nov. 22 and intends to restore withdrawal and deposit services within 24 hours, according to a press release. The announcement follows a significant security breach on Nov. 22 that…

[ad_1] Changpeng ‘CZ’ Zhao, the founder and former CEO of Binance, is contesting the U.S. Department of Justice (DOJ) motion to restrict his travel before sentencing, asserting he doesn’t pose a flight risk. On Nov. 23, CryptoSlate reported that the DOJ moved to prevent CZ from leaving the U.S., arguing that the Binance founder posed…

[ad_1] Terraform Labs founder Do Kwon faces possible extradition to either the United States or South Korea, as confirmed by an update on a court website in Montenegro on Nov. 24. The High Court of Podgorica stated that the necessary legal conditions for Kwon’s extradition to either country had been satisfied. This pertains to his…

[ad_1] Cathie Wood’s asset management firm ARK Invest sold more than 700,000 shares of its Grayscale Bitcoin Trust (GBTC) holding in the past month amid the rapid closure of the fund’s discount. Data from Cathies Ark, a website monitoring the daily trades of ARK, showed that the firm’s Next Generation Internet ETF (ARKW) offloaded 724,043…

[ad_1] Crypto firms Tether and Bitfinex have agreed to drop their opposition to a freedom of information (FOIL) request filed by several journalists in New York, according to a Nov. 24 statement shared with CryptoSlate. According to the statement, the companies decided not to challenge the FOIL request made by journalists Zeke Faux, Shane Shifflett,…

[ad_1] Quick Take Within the span of a month, Bitcoin miner balances have experienced one of the most notable declines this year. As of late October, miner balances stood at 1.833 million Bitcoin. However, the subsequent month witnessed a departure of 8,000 Bitcoin from the miner balances. The shift does not necessarily imply that miners…

[ad_1] Quick Take In the recent EU trading session, Bitcoin’s value showed an upward trend, eventually breaking past the significant threshold of $38,000, setting a new year-to-date high at $38,100, up roughly 2% on the day. A noticeable trend is evident during the month of November, wherein EU traders have exhibited a more bullish disposition…