Imagine building a company from a $15 million initial coin offering to an impressive $60 billion empire. That’s exactly what Changpeng “CZ” Zhao has done with Binance since he founded the crypto exchange in 2017 before resigning on Nov. 21 as part of a settlement with the United States Department of Justice (DOJ). However, CZ wasn’t just the brain behind…
The crypto markets may have sat still on Thanksgiving, but early price action on Friday is driving some of the top coins to levels unseen in a year and a half. Bitcoin on Friday rocketed above the $38,000 mark, according to CoinGecko, rising to $38,390 at present. The last time BTC hit that level was back in May 2022. Over…
This article provides a thorough analysis of how Bitcoin is valued, takes a look at its supply and distribution, and, most importantly, answers the burning question: Who owns the most Bitcoin? Hi! I’m Zifa, a devoted crypto enthusiast. Today’s exploration is intriguing yet nuanced. I’ve compiled a list of major Bitcoin holders that might surprise you. Let’s dive in! Who…
Bitcoin (BTC) buyers should “enjoy” the chance to add to their stack below $40,000, says one of crypto’s household names. In a post on X (formerly Twitter) on Nov. 24, PlanB, creator of the Stock-to-Flow family of BTC price models, hinted that current levels would not be around long. PlanB: Time is ticking on $40,000 resistance Bitcoin is destined to…
Bitcoin briefly spikes above the $38,000 mark as a new low-timeframe BTC price battle breaks out. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-buyer-btc-price-past-38k-traders-key-breakout
The Data Act — a contentious piece of European Union legislation that includes a clause requiring the ability to terminate smart contracts — has been approved by the European Parliament. If introduced, the legislation will require a smart contract to have a “kill switch.” In a Nov. 9 press release, the parliament announced that the legislation was passed with 481…
India is formulating regulations to oversee deepfakes, the country’s Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw said on Nov. 23, expanding on Prime Minister Narendra Modi’s statement the day before about his concerns about the technology. According to a Reuters report, during discussions with academics, industry associations and social media firms, Vaishnaw said the Indian government aims to…
European Central Bank (ECB) president and prominent Bitcoin (BTC) critic Christine Lagarde has shared a family story about unsuccessful cryptocurrency investments, according to a report from Reuters. Lagarde told students at a town hall in Frankfurt on Nov. 24 that her son lost “almost all” of his investments in crypto assets, despite persistent warnings, Reuters reported. “He ignored me royally, which is…
As expectations grow that a spot Bitcoin exchange-traded fund (ETF) will be approved in the United States, it remains one of the hottest topics heading into 2024. In Episode 38 of Cointelegraph’s Hashing It Out, Elisha Owusu Akyaw talks to Joel Kuck, CEO of Decentralized ETF (D-ETF), about how ETFs work, the potential impact of spot Bitcoin (BTC) ETFs on…
Tether and Bitfinex have jointly agreed to drop initial opposition to a freedom of information (FOIL) request lodged in New York by a number of high-profile news publications. A statement from the USDT stablecoin issuer and cryptocurrency exchange shared with Cointelegraph notes that it is committed to transparently sharing information following a FOIL request from Coindesk earlier this year. The…
