Changpeng “CZ” Zhao, the former CEO of major cryptocurrency exchange Binance, will also step down from his position as chair of the board of directors for United States-based exchange Binance.US. In a Nov. 28 X — formerly Twitter — post, Binance.US reminded users the exchange was not a party to the $4.3 billion settlement between U.S. officials, Binance, and CZ…
Bitcoin miner Canaan is seeking new capital amid a slump in its revenue and bottom line. According to its Q3 2023 earnings report released on Nov. 28, the company seeks to sell $148 million in equity through an at-the-market offering. The day before, Canaan announced that it had reached an agreement with an undisclosed institutional investor to issue up to…
Bitcoin experienced its first-ever halving 11 years ago today, and since then, it has soared from $12 to its current price of $37,000. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-first-halving-11th-anniversary
Bitcoin (BTC) may suffer when the first spot exchange-traded fund (ETF) is approved by the United States, a new warning says. In a thread on X (formerly Twitter) on Nov. 28, Joshua Lim, head of derivatives at capital market firm Genesis Trading, predicted a volatile start to 2024 for BTC price action. Bitcoin ETF approval: Retail may be left holding…
More foreign banks have joined China’s digital yuan central bank digital currency (e-CNY CBDC) following British bank Standard Chartered’s entry on Nov. 27, bringing its total to four. According to local news reports, Hong Kong-based HSBC, Hang Seng Bank, and Taiwanese bank Fubon Bank have also added e-CNY integrations into their platforms. All four foreign banks will allow their clients…
When ChatGPT launched in November, it sent shockwaves through the education space as students began to use the chatbot not only to explain and learn complex topics but also to cheat. Since then, a cottage industry of AI tools for teachers and students has arisen. This article will look at free or low-cost AI tools available to students that may…
Cardano founder Charles Hoskinson launched a blistering attack on the U.S. Securities and Exchange Commission (SEC) in a recent livestream, accusing it of giving Bitcoin a “complete pass” over the question of whether it’s sufficiently decentralized to not be considered a security. “If you subpoena and attack about three different entities, you could perform a 51% attack on Bitcoin because…
For every genuine blockchain project harnessing artificial intelligence there are 100 coins trading off the hype. Magazine spoke with Near founder Illia Polosukhin, Framework Ventures founder Vance Spencer, MakerDAO founder Rune Christensen, Richard Ma from Quantstamp, Ralf Kubli from Casper and others to explore some of the key hype-free, genuine use cases for AI in crypto and blockchain. We’re rolling…
Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21. Phoenix’s public trading launch will be delayed as the firm has revised the date for its forthcoming initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). According to an announcement on Nov. 28, the…
Dunamu, the owner of Upbit, one of South Korea’s biggest crypto exchanges by trading volume, saw a drop of 81.6% in net profit in the third quarter of 2023 compared to the same period last year. The company reported a net profit of 159.9 billion Korean won (KRW), worth around $123 million, in 2022 Q3. However, on Nov. 28, the company said…
