Binance launches yield-bearing stablecoin-like token BFUSD with roughly 20% APY
Update: Binance has stated that BFUSD is not a stablecoin but a “reward-bearing margin asset for futures trading.” It has not yet been clarified further.] Binance has launched BFUSD, a yield-bearing stablecoin-like token for futures and perpetuals traders, according to…
XRP breaks $1, hits 3 year high as open interest goes above $2 billion
Ripple’s XRP has reached a three-year high, surpassing $1 as open interest in the digital asset hit an all-time peak of over $2 billion. Over the weekend, XRP briefly touched $1.19, its highest level since 2021, before settling around $110,…
SEC chair Gary Gensler’s behavior cannot be chalked off as ‘good faith mistakes,’ says Tyler Winklevoss
The actions of the U.S. Securities and Exchange Commission (SEC) chair Gary Gensler cannot be “explained away” as “good faith mistakes,” former Olympic rower and crypto exchange Gemini co-founder Tyler Winklevoss wrote in a post on X on Saturday. He…
Rising Bitcoin tides lift small-cap companies to bold reserve strategies
Three publicly traded companies — Thumzup Media Corporation, Solidion Technology, and Genius Group — are gaining attention by incorporating Bitcoin into their treasury reserves. These firms, each with a market capitalization under $50 million, are making bold moves as Bitcoin…
Dogecoin investors withdraw case against Elon Musk as $259B lawsuit falls flat
A high-profile lawsuit accusing Elon Musk of manipulating the price of Dogecoin (DOGE) has officially concluded, with investors withdrawing their appeal of the case’s dismissal, Reuters reported on Nov. 15. The lawsuit, filed in 2022, alleged that Musk and his…
New York prosecutors to scale back crypto enforcement amid leadership transition
The US Attorney’s Office in Manhattan will scale back its focus on crypto crimes following a series of high-profile convictions, including the recent case against FTX founder Sam Bankman-Fried Scott Hartman, co-chief of the securities and commodities task force for…
Hong Kong watchdog issues warning about foreign entities pretending to be crypto ‘banks’
The Hong Kong Monetary Authority (HKMA) has cautioned the public to remain vigilant against foreign crypto firms falsely presenting themselves as banks, according to a Nov. 15 notice. The regulator revealed that some overseas crypto firms are portraying themselves as…
Bitcoin miner Greenidge wins legal battle to keep mining in New York
Bitcoin miner Greenidge Generation will continue operating in New York after prevailing in a legal case against the State’s Department of Environmental Conservation (DEC), according to a Nov. 14 statement. Judge Vincent Dinolfo of the New York Supreme Court determined…
Crypto Dad Giancarlo dismisses SEC chair rumors, critiques Gensler’s legacy
Former Commodity Futures Trading Commission (CFTC) Chair Christopher Giancarlo denied rumors about being considered as the next Chair of the US Securities and Exchange Commission (SEC). He also denied the rumors about being interested in a crypto-related role within the…
Satoshi Bitcoin wallets now worth over $100 billion making Top 20 richest people
Satoshi Nakamoto’s Bitcoin holdings have surpassed $100 billion, placing the anonymous creator among the world’s top 20 wealthiest individuals if they are still alive and a single person. According to data from Timechainindex, the Patoshi wallets, associated with early Bitcoin…