Crypto exchange Binance announced the launch of its new Web3 wallet at the Binance Blockchain Week conference in Istanbul, to be made available to all users via the Binance mobile app. During the launch, Changpeng “CZ” Zhao, CEO of Binance, revealed the intent behind launching the service: “Web3 wallets represent more than just storing digital assets — they are an…
The new platform Tokenet hopes to capitalize on institutional interest following the potential approval of a spot Bitcoin ETF. Source: https://cointelegraph.com/public/index.php/news/cantor-executives-crypto-lending-platform-tokenet-bitcoin-etf
Bitcoin (BTC) saw classic BTC price volatility into the Nov. 7 daily close as a “short squeeze” took the market near $36,000. BTC/USD 1-hour chart. Source: TradingView Bitcoin hits “key” short squeeze price Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it reacted amid highly elevated open interest (OI) on exchanges. Previously, Cointelegraph reported on the more than…
United States tech investment firm Coatue Management has marked down the value of its stake in non-fungible token (NFT) platform OpenSea by 90%. On Nov. 7, The Information reported on a document it reviewed showing Coatue reduced its investment from $120 million to $13 million — implying that OpenSea has fallen to an on-paper valuation of $1.4 billion. Coatue also…
The executive order on AI safety from the Biden administration has laid out its standards for the industry. However, its vagueness has raised concerns among the… Source: https://cointelegraph.com/public/index.php/news/biden-ai-executive-order-certainly-challenging-open-source-ai-industry-insiders
Bitcoin’s recent rally to a 2023 high is backed by on-chain and sentiment data. Source: https://cointelegraph.com/public/index.php/news/bitcoin-supply-held-long-term-holders-hits-all-time-high
Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile payments provider Onafriq. Onafriq will use Ripple Payments’ blockchain technology along with with three partnering companies. Zazi Transfer will provide transfer services to Australia, PayAngel will serve the U.K. and Pyypl will serve…
Wintermute founder and CEO Evgeny Gaevoy says the NEAR Foundation reneged on an offer to convert $11 million worth of its stablecoin. Source: https://cointelegraph.com/app/public/index.php/news/wintermute-says-near-protocol-reneged-usn-deal
USD Coin (USDC) issuer Circle is contemplating an initial public offering (IPO) in early 2024, according to Bloomberg. A Nov. 7 Bloomberg report citing people with knowledge of the matter said the stablecoin issuer is talking to its advisers about the move but there’s no certainty the deliberations will result in a public listing. Circle first agreed to go public…
Solana is once again the talk of crypto, and its native coin SOL is benefiting from the attention. The price of SOL is up over 9% today, hitting a 24-hour high of $44.41. Over the past 30 days, it has exploded in value by over 88%, according to CoinGecko—making it the biggest winner of all the major cryptocurrencies. And despite…
