Bitcoin (BTC) held near $38,000 into the Nov. 26 weekly close as traders boosted their BTC price optimism. BTC/USD 1-hour chart. Source: TradingView Bitcoin buyers give bears no room for maneuver Data from Cointelegraph Markets Pro and TradingView showed a typically flat weekend for Bitcoin, with classic volatility yet to hit as the weekly close approached. #Bitcoin Straightforward and slow…
Indexed Finance, an Ethereum-based project that suffered a $16 million hack in 2021, has successfully thwarted two hijacking attempts. Control of the project’s decentralized autonomous organization (DAO) will be returned to its founders, who aim to allocate the remaining treasury to victims of the 2021 hack. In a thread on X (formerly Twitter), Laurence Day, a former core contributor, detailed…
XRP (XRP) price may rally over 20% in the coming weeks thanks to a classic bullish continuation setup. XRP price enters bull flag breakout stage The so-called bull flag pattern develops when the price consolidates inside a parallel channel after a strong uptrend. It resolves after the price breaks above the upper trendline with convincing volumes and rises by as…
Illustration by Mitchell Preffer for Decrypt It was yet another historic week for the crypto industry, with Tuesday’s shocker—Binance CEO Chengpeng Zhao stepping down and pleading guilty to violating U.S. money laundering laws, and his exchange agreeing to pay a massive $4.3 billion fine—sending Crypto Twitter into a frenzy. Many Twitter users quickly seized on the irony that Zhao had,…
California Governor Gavin Newsom has stressed the importance of people staying ahead of the curve in generative artificial intelligence (GenAI) by acquiring new skills and becoming acquainted with the emerging technology. As outlined in the report, there is a suggestion that residents of California should have access to educational and training opportunities in GenAI, noting: “To support California’s state government…
Cryptocurrency exchange Zipmex has announced it is taking immediate action by suspending all digital asset trading in Thailand as part of its efforts to comply with regulations. According to a statement issued on November 25, Zipmex has opted to temporarily halt its operations to align with regulatory requirements with the Securities and Exchange Commission (SEC) in Thailand: “To ensure that…
Recent events surrounding the crypto exchange Binance sparked significant debate about the United States’ crackdown on crypto firms. According to Omid Malekan, adjunct professor at Columbia Business School and author, the Department of Justice’s approach in the case is very different from what is seen in traditional finance. “People who sincerely believe that crypto is some unique enabler of bad…
Top Stories This Week US officials announce $4.3B settlement with Binance, plea deal with CZ Binance and its co-founder, Changpeng “CZ” Zhao, have reached a settlement over criminal and civil cases with the United States Department of Justice. CZ will plead guilty to one felony charge as part of the negotiated agreement. Attorney General Merrick Garland announced the settlement, claiming…
Bitcoin is in its “pre-bull market” phase, and the days of BTC price trading at current levels are numbered, the stock-to-flow creator says. Source: https://cointelegraph.com/public/index.php/news/enjoy-sub-40k-bitcoin-plan-b-100k-average-btc-price-2024
Illustration by Mitchell Preffer for Decrypt. Crypto markets had a sleepy week—until Friday. Bitcoin had barely budged on Thanksgiving but the next day it hit an 18-month high, touching $38,000 per coin. The last time it hit that level was before the collapse of crypto mega project Terra in May 2022 which led to a fall in the price of…
