Crypto news

The world’s largest crypto exchange has announced the launch of an on-chain yield feature on its Binance Earn platform. According to an official release sent to CryptoPotato, Binance On-chain Yields will enable users to participate in on-chain protocols and earn rewards using their accounts on the crypto exchange. Binance Announces On-chain Yields With Babylon The new Binance feature will be kickstarted with the Babylon Bitcoin Staking product on December 10 at 10:00 UTC;...

Bitcoin’s (BTC) 7% surge above $100,000 in the past 24 hours has ignited a massive reaction in the crypto community. Market experts and analysts are discussing factors that led to the historic move and speculating about how high bitcoin can go, given the current state of the market. CryptoPotato received remarks from analysts at the crypto exchange Bitfinex and the on-chain analytics platform Nansen. Additionally, founders of traditional finance firms heavily invested in the...

On December 3, the U.S. government moved $33.6 million worth of cryptocurrency seized during the collapse of FTX and Alameda Research to two unidentified addresses. The transfers involving tokens such as Ethereum (ETH), Binance USD (BUSD), Wrapped Bitcoin (WBTC), and Shiba Inu (SHIB) stirred curiosity across the digital asset sector. Details of the Transfers According to data from blockchain analytics firm Arkham Intelligence, the transactions included two significant...

A Russian court has sentenced Stanislav Moiseev, the leader of the notorious online drug marketplace Hydra, to life in prison alongside a fine of four million rubles (approximately $37,500). Fifteen other members of the group received prison terms ranging from eight to 23 years and were collectively fined 16 million rubles worth around $150,000.The charges against them included the production and distribution of illegal drugs and psychotropic substances across Russia and...

[PRESS RELEASE – San Francisco, California, December 4th, 2024] The internet was once a playground for open exchange, where ideas, innovation, and creativity flourished. However, centralized control and walled platforms have eroded those ideals. Open emerges as a new infrastructure dedicated to rebuilding the Open Web’s foundations in the age of Web3. From RSS3 to Open: A Broader Vision Open represents the next evolution of RSS3, a broader and more ambitious ecosystem...

Prominent Bitcoin mining pool Foundry Digital reportedly slashed 27% of its workforce this week. The layoffs, which affected 74 employees, reflect a strategic shift to prioritize core operations, including its Bitcoin mining pool and site operations. This decision follows an internal restructuring within the Digital Currency Group (DCG), Foundry’s parent company. CEO Mike Coyler stated that the firm is focusing on its core business lines to strengthen its market position. As...

TL:DR; SOL’s price skyrocketed after Trump’s victory in the US elections to a new all-time high of $263 on November 23 but lost its momentum and is down by more than 11% since then. However, whales seem unfazed as they keep buying portions of the asset while analyst envision a massive rally that could push it to as high as $600. SOL Whales Push the Buy Button As mentioned above, Solana’s native token was among the biggest beneficiaries of Trump’s victory as it found a place...

The crypto industry has been booming, with discussions about the future of trading financial assets, as well as the possibility of putting them on-chain. Some of the major players in the financial world, such as BlackRock, are starting to take notice of the transformative power of blockchain-based technology. This begs the question of what’s next. And in this conversation, real-world assets (RWAs) have definitely emerged as a frontier, capturing the spotlight with their...

Alex Mashinsky, the former CEO of cryptocurrency lender Celsius, has pleaded guilty to one count of commodities fraud and one count of securities fraud. Together, these charges carry a maximum prison sentence of 30 years. Mashinsky’s Guilty Plea Mashinsky was initially indicted in July 2023 on seven charges, including fraud, conspiracy, and market manipulation related to Celsius’ token, CEL. During a Tuesday hearing before U.S. District Judge John Koeltl, he admitted to...

While Bitcoin struggles to hit the coveted $100k threshold, several altcoins have taken the charge to post impressive rallies. One such is Binance Coin (BNB), which has soared to a new all-time high six months later. In just the past 24 hours, BNB has surged by over 22%, reaching a record high of $793 on CoinMarketCap. This remarkable rise brings its year-to-date gains to nearly 200%. As of December 4, BNB has surpassed Solana (SOL) in market capitalization, securing its...