News

In the financial world, when an asset changes hands, the transaction goes through various entities and validity checks before it is cleared and settled. This process ensures that the asset officially lands in the hands of the recipient. However, at each layer of this process, there is a risk of transaction failure.

A crypto trader has identified several on-chain signals that indicate Bitcoin (BTC) is gaining bullish momentum. This analysis is based on the creation of hundreds of thousands of new Bitcoin wallets on Sunday, as BTC reached $35,000.

It's a cliche that the crypto winter is a time for building, but it's a truism for a reason. This period presents an opportunity for crypto trading platforms to rebuild and attract users in the post-FTX era. By embracing this opportunity, they can learn important lessons and set new precedents.

The global financial landscape is currently dominated by the United States, which has no incentive to design a new system and is content with the current one. However, China has been actively working to expand its economic reach beyond its borders, aiming to increase its global influence through smoother and broader trade. Additionally, there is a growing demand for an alternative financial system from countries struggling to obtain enough dollars to pay for imports. Moreover, countries with geopolitical grievances against the U.S. have strong reasons to believe that the current system could become even more weaponized.

According to Velo Data, the dollar value locked in the number of active perpetual futures and standard futures contracts tied to SHIB has increased by 23% to $61.74 million since Nov. 1. This represents the highest percentage growth among top cryptocurrencies.

In a recent interview, sFOX founder Akbar Thobhani highlighted the unique approach of their staking platform. Unlike other projects, sFOX provides a gateway to staking without intermediaries or profit-sharing.

The Ministry of Culture and Information's Information Committee has received a request from the Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan to block the Internet resource www.coinbase.com. This request is based on the violation of paragraph 5 of Article 11 of the Law of the Republic of Kazakhstan 'On Digital Assets in the Republic of Kazakhstan.' The ministry has confirmed this information to the outlet.

In a recent filing, Armstrong has made serious allegations against Diaz regarding the transfer of his 2018 Lamborghini Huracan Performante. According to Armstrong, he was coerced into transferring the title of the vehicle to Diaz under threat of violence. Despite repeated requests, Diaz has refused to return the vehicle.

FTX, a bankrupt crypto exchange, has filed a request with a judge to sell off $744 million worth of assets. The company, along with its debtors, aims to sell its Grayscale and Bitwise assets through an investment adviser.

Venture capitalist Arthur Cheong is optimistic about the future of the Cosmos (ATOM) ecosystem. Recent developments, such as the migration of dYdX (DYDX) to Cosmos, have increased the ecosystem's total value locked (TVL) and brought significant activity.

Kraken, a leading cryptocurrency exchange, is currently in discussions with Polygon, Matter Labs, and Nil Foundation, among others, regarding the use of their technology as the foundation for a new network. The sources, who requested anonymity due to the confidential nature of the discussions, revealed that the conversations are ongoing and no final decisions have been made. It is also possible that additional teams are involved in the discussions.

Light clients play a crucial role in data availability solutions such as Avail and Celestia. These solutions aim to alleviate the strain on primary blockchain networks like Ethereum by handling queries for historical transaction data. As Ethereum's network of affiliated 'layer-2' networks continues to grow, the demand for data storage and access is expected to increase significantly.

The price of the ORDI token, which is tied to the Bitcoin Ordinals protocol, experienced a significant surge of 50% within a span of 24 hours after being listed on the popular cryptocurrency exchange Binance. This listing was done under the 'seed' tag, which signifies that ORDI is an emerging project with higher-than-normal risk and potential price volatility.

Broker Complaint Alert (BCA) is celebrating three remarkable years of successfully helping victims of crypto scams recover their lost crypto. Since its inception in December 2020, BCA has assisted over 12,000 scam victims in recovering their funds from scammers.

The institutional embrace of crypto is not a threat to the original vision of digital assets, but rather a catalyst for its further development and innovation.

In November, there was a significant increase in the accumulation of bitcoin. This aggressive accumulation strategy involved a plan to distribute, reduce exposure, and reallocate to altcoins in the future. The goal was to take advantage of the potential growth in the cryptocurrency market. This approach was implemented with the understanding that once the information becomes widely known, the opportunity may diminish. Therefore, it was important to act swiftly and strategically. Overall, November was a successful month for bitcoin accumulation, and it highlighted the importance of staying proactive in the ever-changing world of cryptocurrencies.