Crypto News Roundup for Nov. 8, 2021

Crypto markets showed no sign of letting up on Tuesday after the U.S. Securities and Exchange Commission (SEC) sued crypto exchange Binance and its founder Changpeng "CZ" Zhao on allegations of violating federal securities laws.Data from Nansen.ai shows that outflows from Binance across all protocols hit $719 million over a 24-hour period.(Nansen.ai)During the U.S. trading…

Colombia's central bank, Banco de la República, has partnered with blockchain firm Ripple to explore the use of blockchain technology.According to Ripple, Banco de la República, in conjunction with the Ministry for the Information and Communications Technologies (MinTIC), will pilot Ripple's CBDC platform to improve its high-value payments system. The initiative is part of a…

Apr 18, 2020 at 12:25 UTCMarek Olszewski is cofounder of cLabs, working on Celo, a mobile-first permissionless platform that makes financial tools accessible to anyone with a mobile phone.Stablecoins emerged in 2018 with exciting promises of being used across the globe to improve financial access and help countries plagued by hyperinflation or cross-border payments and…

news Two weeks from now, token-holders for the Aragon application will put the efficacy of its on-chain governance model to the test. The Aragon project, launched in 2016, is envisioned as a way to offer users the tools to build decentralized organizations that are secured cryptographically and run natively on top of the ethereum blockchain.…

news Two groups seeking to promote blockchain technology in the Asia-Pacific have officially merged. Announced July 22, the Australian Digital Currency Association (ADCA) and Blockchain Australia (BA) signed documentation that will see the two groups formally combine efforts under the BA logo and brand. ADCA is the industry’s leading network for businesses seeking to implement…

Multiple bridge contracts operated by Multichain saw major outflows of a litany of popular tokens Thursday. There was no immediate explanation for the outflows.The unannounced moves stripped Multichain’s Fantom bridge of nearly its entire holdings in wBTC, USDC, USDT and a handful of altcoins. Together, the assets were worth over $120 million. On-chain sleuths described…

Bitcoin saw a low-volume bullish breakout Monday, but the long-awaited move is sending mixed signals to investors The leading cryptocurrency cleared the trendline sloping downwards from the July 25 high and Sept. 5 high around midday yesterday, adding credence to the argument put forward by many, including billionaire investor Novogratz, that the market has carved…

This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Latest PricesTop StoriesLayer-1 blockchain Solana (SOL) led the way in 2023 in terms of token price gains, with other altcoins Avalanche (AVAX), Stacks (STX) and Helium’s (HNT) following

U.S.-based cryptocurrency exchange Gemini has tapped a former Morgan Stanley executive for its operations in Asia.Andy Meehan will act as the firm's chief compliance officer for the Asia Pacific, overseeing strategic compliance and regulatory relationships within the region.Per a Thursday press release, Meehan will be responsible for ensuring Gemini's alignment with regulatory guidelines, shaping strategy,…