Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Why Binance’s US plea deal could be positive for crypto adoption
Many predicted that Binance would never embrace regulation — it would only pretend to comply in jurisdictions like the United States. No more. Binance pleading guilty to money laundering and other federal charges on Nov. 21 means it’s giving up its free-booting ways. It will also pay a $4.3 billion fine, the largest in the history
Buy the dip? Bitcoin price risks losing $30K as traders ‘manage risk’
Bitcoin (BTC) hodlers got a serious test of their resolve on Jan. 11 as the largest cryptocurrency approached $30,000.Cryptocurrency market overview on Jan 11, 2021. Source: Coin360BTC price hits $30,250Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD continuing its bearish streak after Wall Street opened on Monday, taking 24-hour losses to 23%.The move extends…
Shanghai Man: Inside Blockchain Week’s private parties, Vitalik’s speech, and Gate.io climbs the ranks
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. This week, Wanxiang Blockchain hosted its annual Shanghai Blockchain Week, an event that usually brings together the government, enterprise, academic and degen side of…
What happened? Terra debacle exposes flaws plaguing the crypto industry
The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, in large part, has been due to the real-time disintegration of Terra, a Cosmos-based protocol that powers a suite…
Blockstack (STX) rallies 85% as fundamentals improve ahead of mainnet launch
Blockstack (STX) might not be on every investor's radar, but the 72nd-ranked cryptocurrency by market capitalization has been doing some serious work behind the scenes.Blockstack (STX) 1-month chart. Source: Coin360.comThe company behind the token was founded in 2013 and raised money from Union Square Ventures, Naval Ravikant, Lux Capital, and Digital Currency Group (DCG).The ICO…
Bankman-Fried ‘100%’ supports knowledge tests for retail derivatives traders
The FTX founder said a knowledge test for derivative retail customers “could make sense” but it doesn’t need to be specific to crypto. 317 Total views 15 Total shares The founder and CEO of cryptocurrency exchange FTX, Sam Bankman-Fried has backed the idea of knowledge tests and disclosures to protect retail investors but said it…
Much DAO: Open DeFi unveils DAO to support the entire ecosystem
Open DeFi’s new DAO will be community governed through a governance token. 1646 Total views 14 Total shares Decentralized finance alliance, Open DeFi, has announced it will create a decentralized autonomous organization, or DAO, to support its vision for an open and global cross-chain DeFi ecosystem.The alliance launched in late 2020 with the goal of…
Unstable Bitcoin price to pivot investment flow to gold, mining chief says
Evolution Mining’s executive chairman said gold and Bitcoin could coexist, but the latter is not yet mature enough to deliver the established safe haven assurance of the former. 1663 Total views 8 Total shares Jake Klein, CEO of Australian gold mining establishment Evolution Mining, has said that crypto price volatility will make gold a far…