Crypto exchange Bitget has abandoned plans for a crypto license in Hong Kong, asking users to withdraw their assets by Dec. 13.
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Bitget drops plans to seek crypto license in Hong Kong
Crypto exchange Bitget has abandoned plans for a crypto license in Hong Kong, asking users to withdraw their assets by Dec. 13.
Chinese hackers use fake Skype app to target crypto users in new phishing scam
Crypto security firm SlowMist has discovered several wallet addresses linked to a phishing scam that drained hundreds of thousands of dollars from unsuspecting crypto users.
Brad Garlinghouse jabs at maximalists: ‘It will be a multichain world’
Ripple CEO Brad Garlinghouse discussed discouraging maximalists and factors that could drive further institutional adoption at the recent Ripple Swell event held in Dubai.
Brad Garlinghouse jabs at maximalists: ‘It will be a multichain world’
Ripple CEO Brad Garlinghouse discussed discouraging maximalists and factors that could drive further institutional adoption at the recent Ripple Swell event held in Dubai.
Stablecoin firm Tether minted 4B USDT in 4 weeks: Data
Tether has minted 4 billion USDT over the past month, which accounts for nearly 18% of all USDT issued so far in 2023.
What is Gresham’s law, and how does it relate to cryptocurrencies?
Gresham’s law, explained
Gresham’s law has historically influenced the circulation of currency and continues to impact economic behavior by addressing how individuals prioritize different forms of money.
Gresham’s law is a principle in economics that states that when two different forms of money are in circulation, individuals typically spend or trade the money they believe to be more valuable while hoarding or using the money they believe to be less valuable.
A common way to summarize this is “bad money drives out good.” Here, “good money” is defined as a currency that has greater intrinsic worth and is held onto, whereas “bad money” is defined as a currency that has a lower intrinsic value and people are eager to get rid of.
Although he didn’t originate the concept, Gresham’s law is named after Sir Thomas Gresham due to his role in popularizing the idea of how bad money drives out good money in monetary systems. He was a 16th-century English financier and adviser to Queen Elizabeth I.
Gresham’s law has historically been seen in a number of fiat currency systems, where debased or counterfeit coins would drive out of circulation the more valuable, legal coins because individuals would rather hold onto the higher-value currency and spend the lower-value currency. This idea is still relevant today when debating the use of cryptocurrencies and their differing levels of stability and utility.
Bitcoin miners earned $44M in a day to record annual all-time high
An overall trend reversal occurred in 2023 as crypto entrepreneurs took charge of the situation and helped regain investor confidence.
Hackers claim to have stolen user data from defunct crypto ATM firm Coin Cloud
The hackers say they have nabbed the data of about 300,000 users of Coin Cloud residing in the United States and Brazil.
Hackers claim to have stolen user data from defunct crypto ATM firm Coin Cloud
The hackers say they have nabbed the data of about 300,000 users of Coin Cloud residing in the United States and Brazil.
Australian regulators will compel businesses to report cyberattacks: Report
This obligation won’t be backed by a fine if the company fails to comply, and businesses will still be permitted to pay ransoms, though this is discouraged.
Funding rates echo $69K BTC price — 5 things to know in Bitcoin this week
Bitcoin funding rates are in classic bull market territory, but can BTC price upside sustain as macro-volatility triggers line up?
THORChain becomes third-largest DEX as RUNE surges 50% in a week
Native asset settlement protocol THORChain has recorded the third-largest trading volume among decentralized exchanges in the last week, with users seemingly attracted to the high yield offered adjacent to its native token, RUNE (RUNE).
Over the last week, THORChain’s trading volume hit $1.32 billion, third only behind Uniswap and PancakeSwap at $10.85 billion and $2.77 billion, respectively, according to DefiLlama.
THORChain also boasts the second-largest trading volume at $334.3 million over the last 24 hours, nearly $50 million more than third-placed PancakeSwap.
Meanwhile, RUNE increased 51% over the last week and more than 200% over the last 30 days, according to CoinGecko.
THORChain’s rise past Curve Finance happened much earlier than what THORChain core developer Chad Barraford predicted, who initially estimated the flippening to happen before the end of 2023.
THORChain becomes third-largest DEX as RUNE surges 50% in a week
THORChain’s $1.32 billion in trading volume over the last week only trails Uniswap and PancakeSwap among decentralized exchanges.
Bithumb plans to be first crypto exchange listed on Korea stock market: Report
South Korean crypto exchange Bithumb hasn’t confirmed the planned IPO but told local media it recently selected an underwriter.
Take Bitcoin profits at $110K, CME tops Binance in BTC futures open interest: Hodler’s Digest, Nov. 5-11
Bitcoin’s futures market is showing an interesting shift as global derivatives marketplace the Chicago Mercantile Exchange (CME) has surpassed Binance in terms of Bitcoin futures open interest. This change occurred after Bitcoin exceeded the $37,000 mark for the first time in over 18 months.
However, James Seyffart, a research analyst at Bloomberg Intelligence specializing in exchange-traded funds, questioned whether the increasing open interest in Bitcoin futures on CME would address historical concerns of the United States Securities and Exchange Commission regarding the depth of Bitcoin markets and the potential for market manipulation.
“Okay this is interesting… Does this constitute a ‘market of significant size’ now?” Seyffart stated in a post on X (formerly Twitter).
The former head of legal and compliance at OneCoin is looking at a potential 10-year prison term for her involvement in the $4 billion cryptocurrency trading scheme. In Manhattan federal court, the ex-compliance chief of OneCoin, Irinia Dilkinska, pleaded guilty to charges of wire fraud and money laundering.
According to a statement from the U.S. Department of Justice, U.S. District Judge Edgardo Ramos accepted Dilkinska’s guilty plea. She admitted to one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering. Each charge carries a maximum sentence of five years in prison.
Take Bitcoin profits at $110K, CME tops Binance in BTC futures open interest: Hodler’s Digest, Nov. 5-11
The Chicago Mercantile Exchange surpasses Binance by one metric, OneCoin legal officer pleads guilty, Bitcoin’s cycle high could be $110K.
Take Bitcoin profits at $110K, CME tops Binance in BTC futures open interest: Hodler’s Digest, Nov. 5-11
Bitcoin’s futures market is showing an interesting shift as global derivatives marketplace the Chicago Mercantile Exchange (CME) has surpassed Binance in terms of Bitcoin futures open interest. This change occurred after Bitcoin exceeded the $37,000 mark for the first time in over 18 months.
However, James Seyffart, a research analyst at Bloomberg Intelligence specializing in exchange-traded funds, questioned whether the increasing open interest in Bitcoin futures on CME would address historical concerns of the United States Securities and Exchange Commission regarding the depth of Bitcoin markets and the potential for market manipulation.
“Okay this is interesting… Does this constitute a ‘market of significant size’ now?” Seyffart stated in a post on X (formerly Twitter).
The former head of legal and compliance at OneCoin is looking at a potential 10-year prison term for her involvement in the $4 billion cryptocurrency trading scheme. In Manhattan federal court, the ex-compliance chief of OneCoin, Irinia Dilkinska, pleaded guilty to charges of wire fraud and money laundering.
According to a statement from the U.S. Department of Justice, U.S. District Judge Edgardo Ramos accepted Dilkinska’s guilty plea. She admitted to one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering. Each charge carries a maximum sentence of five years in prison.
Take Bitcoin profits at $110K, CME tops Binance in BTC futures open interest: Hodler’s Digest, Nov. 5-11
Bitcoin’s futures market is showing an interesting shift as global derivatives marketplace the Chicago Mercantile Exchange (CME) has surpassed Binance in terms of Bitcoin futures open interest. This change occurred after Bitcoin exceeded the $37,000 mark for the first time in over 18 months.
However, James Seyffart, a research analyst at Bloomberg Intelligence specializing in exchange-traded funds, questioned whether the increasing open interest in Bitcoin futures on CME would address historical concerns of the United States Securities and Exchange Commission regarding the depth of Bitcoin markets and the potential for market manipulation.
“Okay this is interesting… Does this constitute a ‘market of significant size’ now?” Seyffart stated in a post on X (formerly Twitter).
The former head of legal and compliance at OneCoin is looking at a potential 10-year prison term for her involvement in the $4 billion cryptocurrency trading scheme. In Manhattan federal court, the ex-compliance chief of OneCoin, Irinia Dilkinska, pleaded guilty to charges of wire fraud and money laundering.
According to a statement from the U.S. Department of Justice, U.S. District Judge Edgardo Ramos accepted Dilkinska’s guilty plea. She admitted to one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering. Each charge carries a maximum sentence of five years in prison.
Take Bitcoin profits at $110K, CME tops Binance in BTC futures open interest: Hodler’s Digest, Nov. 5-11
The Chicago Mercantile Exchange surpasses Binance by one metric, OneCoin legal officer pleads guilty, Bitcoin’s cycle high could be $110K.