Almost $180 million in short positions in Bitcoin have been wiped as it hit a new all-time high, with an analyst saying it is “meaningful” that it is driven by spot demand. Source: https://cointelegraph.com/news/bitcoin-short-positions-liquidated-btc-all-time-high-75k-crypto-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: November 2024
Dogecoin Rallies to Five-Month High on US Election Wave
Dogecoin (DOGE) surged to $0.21 on U.S. Election Day, reaching a five-month high after days of hype driven by Elon Musk’s playful tweets and public appearances alongside former President Donald Trump. DOGE is up by 30% in the last 24 hours and 20.6% in the last 7 days, CoinGecko data shows. The meme coin also flipped Ripple (XRP), becoming the…
Binance Charity Donates $3 Million to Spain’s Red Cross for Flood Relief
Binance has contributed $3 million to Spain’s Red Cross to support relief efforts following devastating floods in Valencia. Spanish Red Cross Receives $3M Donation from Binance to Aid Valencia Flood Victims In response to severe flooding that has impacted the Valencia region, Binance Charity, the philanthropic branch of the cryptocurrency platform Binance, has donated $3 […] Source: https://news.bitcoin.com/binance-charity-donates-3-million-to-spains-red-cross-for-flood-relief/
Cyprus regulator extends FTX suspension to May 2025
Cyrpus’ securities regulator has extended the suspension on FTX Europe for the fourth time, which stops trading on the platform but allows customers to withdraw funds. Source: https://cointelegraph.com/news/cyprus-regulator-ftx-suspension-may-2025?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bernie Moreno wins Ohio Senate seat from Sherrod Brown
A blockchain businessman has won the seat from one of crypto’s staunchest opponents and the chair of the Senate Banking Committee. Source: https://cointelegraph.com/news/bernie-moreno-wins-ohio-senate-pro-crypto?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Millions Recovered: DOJ Orders Seized Funds Returned in Failed Bank’s Crypto Scheme
A judge ordered millions seized in a Kansas crypto fraud scheme be returned to defrauded investors, marking partial relief for victims of the bank collapse. Millions Lost, Millions Returned: DOJ Mandates Restitution for Defrauded Investors The U.S. Department of Justice (DOJ) announced on Monday that a federal judge in Wichita, Kansas, has ordered that millions […] Source: https://news.bitcoin.com/millions-recovered-doj-orders-seized-funds-returned-in-failed-banks-crypto-scheme/
Crypto Lobby Secures Major Victory as Sherrod Brown Loses Senate Seat in Ohio
U.S. Senator Sherrod Brown, a longtime crypto skeptic and chair of the powerful Senate Banking Committee, has lost his re-election bid in Ohio to Republican Bernie Moreno, handing a significant win to the crypto lobby after a record-breaking investment campaign. Brown’s loss comes after Fairshake, a pro-crypto super PAC, poured an astonishing $40 million into unseating the influential Democratic incumbent,…
OpenSea promises comeback with new, improved platform
A newly revitalized OpenSea is coming soon, but details were thin. Source: https://cointelegraph.com/news/opensea-promises-comeback-new-platform?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Historic: Bitcoin Breaks All-Time High as Trump Gains Ground in Prediction Markets
In a historic night for crypto markets, bitcoin has blown past its previous all-time high (ATH) numbers, reaching $75,000 on several exchanges. This price action comes on the heels of several favorable announcements supporting the possible victory of former President Donald Trump in the U.S. elections, as his chances of winning the presidential race reached […] Source: https://news.bitcoin.com/historic-bitcoin-breaks-all-time-high-as-trump-gains-ground-in-prediction-markets/
UBS Signals Silver’s Big Potential as Gold Takes Defensive Role
UBS forecasts silver will outperform as it gains from economic growth and industrial demand, positioning it as a dual hedge and growth asset for investors. Why UBS Sees Silver Poised for a Breakout Amid Economic Shifts Global investment bank UBS published a note on Monday, outlining the distinct roles of gold and silver in hedging […] Source: https://news.bitcoin.com/ubs-signals-silvers-big-potential-as-gold-takes-defensive-role/