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Dex Trade Volumes Jumped 32% in October; November’s First Week Ends With Strong Activity

November 8, 2023 0

After experiencing a slump in September, with a trading volume of $30.22 billion, decentralized exchange (dex) activity saw a surge in October, climbing by over 32% to $39.98 billion. The momentum in dex trade volume has been consistent in November, with the past week alone accounting for $15

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Bitcoin Technical Analysis: BTC Price Holds Above $35,000 But Momentum Slows

November 8, 2023 0

Bitcoin’s price is holding above the $35,000 level, but positive momentum has slowed over the past week according to technical indicators. The world’s largest crypto asset by market capitalization closed at $35,369 on November 8. As Global Markets Show Mixed Signals, Bitcoin Rally Takes a Breather Above $35,000 Global markets fluctuated on Wednesday, November 8, […]

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Expobank Issues First Tokenized Diamond Offering in Russia

November 8, 2023 0

Expobank, a large financial institution in Russia, has reportedly issued the first tokenized diamond offering in the country. According to local media, Expobank used the Multichain blockchain platform to issue these tokens, with each one of them having the value of 1/5,000 of a diamond, democratizing access to these investments in gemstones for small investors. […]

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Fiat Losses From Security Incidents on BNB Smart Chain 37% Lower in Q3 of 2023 — Study

November 8, 2023 0

The financial losses stemming from security incidents on the BNB Smart Chain in Q3 2023 were 27% lower than in Q3 2022. When compared to security incidents on other chains, rug pulls, price and reserve manipulation events on BSC accounted for “4% of the total fiat losses across all chains in Q3.” Fiat Losses 37% […]

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End of Line for BSV on Coinbase, Exchange to Delist Crypto in January 2024

November 8, 2023 0

Coinbase has announced it will be removing bitcoinsv (BSV) from its platform, having informed its clientele through an email notification. BSV, which was created following a hard fork from the Bitcoin Cash protocol on November 15, 2018, will no longer be hosted on Coinbase’s services after January 9, 2024. Customers are advised by Coinbase to […]

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German Banking Giant DZ Bank Launches Crypto Custody Platform

November 8, 2023 0

One of the largest banks in Germany by total assets, DZ Bank, has launched a crypto custody platform. Additionally, the bank disclosed that alongside its solution for institutional customers, it is working on “an offer that allows private customers to invest directly in cryptocurrencies.” Germany’s DZ Bank Debuts Digital Custody Platform DZ Bank, one of […]

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Hong Kong Considers Allowing Trading of Spot Crypto ETFs

November 8, 2023 0

Hong Kong is examining allowing the launch of spot cryptocurrency exchange-traded funds (ETFs), given that the risks of these instruments are addressed. In a recent interview, Julia Leung, CEO of the Hong Kong Securities and Exchange Commission, stated that the focus of the organization’s approach was “consistent” regardless of the asset. Hong Kong Open to […]

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Former SEC Official Predicts ‘Big Win’ for SEC in Terra Lawsuit — Expects Continued Rejection of Ripple/XRP Ruling

November 8, 2023 0

The U.S. Securities and Exchange Commission’s former head of internet enforcement has predicted a “big win” for the SEC in the lawsuit involving Terraform Labs. The ex-SEC official also expects District Judge Jed Rakoff to keep rejecting the ruling by District Judge Analisa Torres regarding Ripple and XRP. Stark: ‘Expect a Big Win for the […]

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Financial Giant Fidelity Addresses 9 Common Bitcoin Criticisms and Misconceptions

November 8, 2023 0

Financial services giant Fidelity has addressed nine common Bitcoin criticisms and misconceptions, emphasizing that some of them are “either unfounded or unlikely to be a serious concern.” They include volatility, suitability as a payment method, environmental impact, competition, lack of backing, potential code bugs, regulatory hurdles, waning public interest, and unknown

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Convicted Sam Bankman-Fried’s Legal Battles Rage On Amidst SEC, CFTC Charges, and Class Action Fury

November 7, 2023 0

Sam Bankman-Fried was convicted on all charges in the Department of Justice’s fraud case against the ex-FTX chief, but his legal woes are far from over. He is also under pressure from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which have slammed him with accusations of both securities […]