Category Archives: Cryptocurrency News

Nansen: The market reacted weakly to the Binance scandal and Changpeng Zhao’s guilty plea

Nansen analysts state: the settlement of civil and criminal charges brought by the US authorities against the world’s largest crypto exchange Binance and its CEO did not lead to a noticeable flight of capital from the cryptocurrency platform. Within 24 hours after the US Department of Justice announced that Binance had agreed to pay a fine of $4.3 billion and the resignation of Changpeng Zhao as CEO, the exchange experienced a one-time net capital outflow…

Bittrex Global announced the termination of its activities

The team of the Bittrex Global cryptocurrency exchange notified users that all trading operations on the site will cease as of December 4. In an official notice, the exchange said that this was a forced decision, which was due to legal problems that arose in relations with the US Securities and Exchange Commission (SEC), as well as the general deterioration of the regulatory climate in the United States. “All crypto assets are completely secure and…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Ben Armstrong: Several conditions must coincide for XRP to grow

The former host of the YouTube channel Bitboy Crypto named a series of events that could trigger the growth of the XRP cryptocurrency to $25. Ben Armstrong, in the Crypto Crossfire podcast, suggested that a powerful catalyst for the growth of XRP could be the launch of exchange-traded funds tied to this crypto asset. An XRP ETF will allow investors to gain legally controlled access to the Ripple cryptocurrency, and this will greatly increase its…

Solana’s share in the crypto market reached a historical high

The share of trading in the Solana cryptocurrency was able to reach a historical maximum, according to data from the analytical service CCData. “Solana is proving to be the best performing asset, achieving a record market dominance of 5.54% for November (as of the 13th),” the analysts said. On Saturday, November 11, SOL’s share peaked at 8.85% of total trading volume on centralized exchanges. This exceeds the previous high of 8.66% recorded in September 2021.…

The Grok token, similar to the name of the chatbot from Elon Musk, has grown by 13,000%

The price of the Grok token, whose creators were apparently inspired by Elon Musk’s AI chatbot, soared 13,000% in just a week after its launch, and its market capitalization was $160 million. The Grok token now has 11,000 holders and trading volume in the last 24 hours was $25 million. According to DEXTools, the largest Grok holders have unrealized gains ranging from $2.1 million to over $6 million. However, the available liquidity of the GROK/USD…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

BlackRock Files Application to Launch Ether ETF

According to a document posted on the website of the American NASDAQ exchange, investment company BlackRock has filed an application to launch a spot exchange-traded fund (ETF) for ether. The filing indicates that the company intends to launch a fund called the iShares Ethereum Trust. Earlier this year, BlackRock registered a Bitcoin trust in the same way, and a week later filed an application with the US Securities and Exchange Commission (SEC) to launch a…

Binance announced the launch of its own Web3 wallet

Cryptocurrency exchange Binance announced the launch of its own Web3 wallet at the Binance Blockchain Week conference in Istanbul. “Web3 wallets are more than just storage for digital assets—they are an integral part of the Web3 infrastructure, providing people with self-service financing,” said Binance CEO Changpeng Zhao. The new product will work in 30 blockchain networks. Users will be able to create a wallet through the Binance mobile app. However, it is not yet clear…

Ava Labs reduced its workforce by 12%

Ava Labs, the developer of the Avalanche blockchain, said it has laid off 12% of its employees due to the bearish trend in the cryptocurrency market. This will help the company allocate its resources more intelligently. Ava Labs founder and CEO Emin Gün Sirer said that the company’s staff reduction will allow it to direct the necessary resources to develop the Avalanche ecosystem. “Bear markets are difficult to navigate. We are fortunate to have the…