It appears that withdrawals from crypto exchange Binance have largely subsided after its $4.3 billion settlement with the U.S. Department of Justice last week. Data from blockchain analytics firm Nansen shows that Binance witnessed a net inflow of $87.4 million in Ethereum token deposits in the past seven days. Meanwhile, the net withdrawal of multi-chain tokens, which includes Ethereum, BNB…
We’re rolling out one genuine use case for AI and crypto each day this week — including reasons why you shouldn’t necessarily believe the hype. Today: How blockchain can fight the fakes. Generative AI is extremely good at generating fake photos, fake letters, fake bills, fake conversations — fake everything. Near co-founder Illia Polosukhin warns that soon, we won’t know…
Business intelligence firm MicroStrategy purchased 16,130 Bitcoin (BTC) in November, bringing its total holdings to more than $6 billion. In a Nov. 30 announcement, MicroStrategy co-founder Michael Saylor said the company acquired the BTC for roughly $593.3 million — a price of $36,785 per Bitcoin. As of Nov. 29, MicroStrategy reported it held 174,530 BTC — worth roughly $6.6 billion…
Crypto exchange Binance launched a pilot program that allows banks to store trading collateral off-exchange, according to a Nov. 30 announcement. Binance claimed that the program will help to reduce counterparty risk. Binance trading interface. Source: Binance. According to the announcement, the program allows institutions to hold collateral at a third-party bank instead of depositing it to the exchange. This…
Tech company MicroStrategy has bought even more Bitcoin—bringing its holdings to 174,530 BTC. As of Thursday morning, its Bitcoin stash is worth approximately $6.6 billion. In a Thursday tweet, MicroStrategy founder and chairman Michael Saylor said that his firm, which provides software solutions for companies wanting to analyze their data, had this week bought an extra 16,130 BTC for a…
A spot Bitcoin ETF has become something of a holy grail for the crypto industry—despite repeated pushback by the SEC—but Coinbase CEO Brian Armstrong is “pretty optimistic” that one will be approved soon. While stressing that he doesn’t have “proprietary or inside knowledge” on the matter, Armstrong told Decrypt that, “from everything I’ve read publicly […] it feels to me…
Bitcoin remains on track to seal its highest monthly close since May 2022, but BTC price is stubbornly rangebound. Source: https://cointelegraph.com/public/index.php/news/bitcoin-price-best-november-since-2020-pce-btc
Bitcoin (BTC) brushed off fresh United States macro data into the Nov. 30 Wall Street open as traders focused on the monthly close. BTC/USD 1-hour chart. Source: TradingView PCE keeps Fed pivot pressure alive Data from Cointelegraph Markets Pro and TradingView showed BTC price movements sticking to a narrow intraday range below $38,000. After a failed breakout the day prior,…
Pudgy Penguins minted in July 2021, but quickly saw high drama after its former founder came under suspicion he was going to rug the project. A few months later Luca Schnetzler stepped in. With an entrepreneurial streak since his early teens he had a history of building internet businesses and bought the project and its intellectual property of 8,888 cute…
The RARI Foundation, the nonprofit arm of the Rarible ecosystem, officially released a testnet for an EVM-equivalent blockchain called “RARI Chain,” with royalties embedded into its nodes. In an announcement sent to Cointelegraph, the RARI foundation said the RARI Chain will be a nonfungible token (NFT) infrastructure solution built on Arbitrum. With royalties embedded on the node level, the RARI…
