Whale continues $154M dumping spree with 5K ETH deposit to OKX
Lookonchain wrote that the whale bought 1 million tokens during the Ethereum initial coin offering.
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Celsius’ crisis exposes problems of low liquidity in bear markets
After one week of pausing user withdrawals, swaps and transfers, the firm said it was maintaining an open dialogue with regulators and officials and plans to continue working with them regarding this pause. Celsius has yet to comment on when the company is going to stabilize its operations. Celsius has also paused communications on Twitter…
Top 5 Signs Bitcoin Is Quietly Entering a New Bull Market Phase
Bitcoin (BTC) price has been sideways for several weeks with now over a month since the halving. This is very much reminiscent of early 2017 when Bitcoin hit $1,180 for the second time, triggering a catastrophic sell-off causing the top-ranked cryptocurrency to fall by nearly 40% in a single day. It was over, Bitcoin was declared…
Binance VC arm leads $1.3M raise for decentralized streaming protocol
Decentralized music sharing service Audius has raised nearly $10 million so far. 1568 Total views 19 Total shares Binance, the world’s largest cryptocurrency exchange, is funding a major decentralized audio streaming service through its investment and incubation arm.According to an Oct. 23 announcement, Binance Labs led a $1.25 million extension round for Audius, a blockchain-enabled…
Crypto Advocate Patrick Byrne Resigns as CEO of Overstock
Noted crypto advocate Patrick Byrne resigns as CEO of Overstock.Per a letter of resignation and company statement posted on Twitter Aug. 22, Patrick Byrne will be stepping down as CEO of Overstock.Having led crypto-friendly e-commerce at the company, including the launch of tZero, Overstock’s crypto token platform, and Overstock’s acceptance of Bitcoin payment, Byrne’s announcement follows…
Nigerian SEC mandates local offices for crypto firms
The requirement also states that applicants must report customer complaints and emergent risks and be subject to SEC inspections, audits, and monitoring.
DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The United States Securities and Exchange Commission’s (SEC) lawsuits against two leading centralized crypto exchanges — Binance.US and Coinbase — have led to a surge in DeFi trading…
Malaysian MP Urges Gov’t to Create Regulations Before Approving Political Funding Coin
A Malaysian Member of Parliament has urged the government to implement proper cryptocurrency regulations before undertaking the Harapan Coin (HRP) cryptocurrency project, local English-language news daily the Star reported Nov. 14.Launched by “a group of patriotic and concerned Malaysian citizens, within and outside of Malaysia,” Harapan Coin claims to be the world’s first political fundraising…
PleasrDAO files preliminary injunction against Martin Shkreli
In 2021, PleasrDAO acquired “Once Upon A Time in Shaolin,” a one-of-a-kind musical album by Wu-Tang Clan, for $4.75 million.