Binance is the largest crypto exchange in the world by volume. The company just recently turned six years old earlier this year. In addition to Zhao stepping down as CEO, Binance agreed to settle DOJ charges of money laundering with a $4.3 billion fine. Furthermore, the exchange saw over $1 billion in outflows in under 24 hours as customers withdrew funds and tokens following the news. Supporters sent CZ an outpouring of sympathy and cheers on X.com. Here are three powerful...
Read More »CoinGecko Acquires Zash to Integrate NFT Data Into its API
CoinGecko, a prominent independent cryptocurrency data aggregator, has recently announced its acquisition of Zash. This strategic move is set to increase CoinGecko’s cryptocurrency services by incorporating Zash’s NFT information into its API, offering users a holistic perspective of fungible and non-fungible tokens. CoinGecko Announces Its Acquisition of Zash CoinGecko announced earlier this week the strategic purchase of Zash, a front-runner in the NFT data infrastructure...
Read More »RocketX Launches Its API In Beta, Allowing Multichain Crypto Asset Swaps For Any dApp
[PRESS RELEASE – Kingstown, Saint Vincent & Grenadines, November 25th, 2023] RocketX, the multichain CEX and DEX aggregator that seamlessly transfers digital assets across 100+ blockchains, announced the beta availability of its developer application programming interface (API), making it easy to launch multichain decentralized applications on any blockchain. Using the RocketX API, developers can integrate RocketX’s hybrid aggregator for crypto swaps into any kind of...
Read More »South Korea to Launch Digital Currency Pilot Program in 2024
In a move to modernize its financial infrastructure, South Korea is set to embark on a pioneering project involving digital currency. Commencing in the fourth quarter of 2024, the nation will start a pilot program involving the participation of 100,000 citizens, signifying a significant stride towards the nationwide implementation of digital currencies. South Korea to Pilot Digital Currency with 100,000 Citizens In an upcoming pilot program jointly managed by the Bank of...
Read More »Bitcoin IRA Savers Have New IRS Contribution Limits in 2024
On Nov 1, the IRS announced, “The limit on annual contributions to an IRA increased to $7,000, up from $6,500,” for the 2024 tax year. The 401(k) limit also went up by $500 to $23,000. That means Bitcoin investors who are saving for retirement with a self-directed Bitcoin IRA can now contribute $500 more next year. Bitcoin IRA Contributions Are Tax Deductible Saver investors looking to hedge inflation, diversify their portfolio, or add a risk-reward, high-growth tech play to...
Read More »RocketX Announces Beta Launch of Its API For Multichain Crypto Swaps
RocketX ensures the API comes equipped with robust Anti-Money Laundering (AML) protocols, ensuring that multi-chain asset swaps occur in a compliant manner. RocketX has unveiled the beta phase of its developer application programming interface (API), streamlining the deployment of multichain decentralized applications (dApps) across any blockchain. According to a press release shared with Coinspeaker, the API incorporates an advanced discovery and routing algorithm, allowing self-custodial...
Read More »Not Just Bitcoin: MicroStrategy (MSTR) and Coinbase (COIN) Soar to Highest Prices Since 2022
While BTC’s price has been on a roll in the past few months, certain stocks with strong relation to the asset or the industry have been flying as well. Such is the case with MicroStrategy, whose stock price is up by more than 250% since the start of the year, and Coinbase (COIN), which has seen a surge of 240% in the same timeframe. COIN and MSTR Up by Triple Digits YTD After the atrocious 2022, which saw market prices decline by more than 50% in months amid geo-political...
Read More »Watch Out: Shiba Inu (SHIB) Community Warned About This Dangerous Scam
TL;DR Shiba Inu Scam Warning: Shibarmy Scam Alerts warns of fraudulent sites and NFT airdrops targeting SHIB investors, advising careful verification of URLs. Telegram Scam Alert: The team previously alerted about scammers on Telegram posing as legitimate contacts to deceive users in the Shiba Ecosystem & Shibarium Tech group. Safety Advice: Users are urged to verify identities and check official links to prevent falling victim to cryptocurrency fraud. SHIB Army Should...
Read More »Binance’s New CEO Richard Teng: The Key Factors That Will Drive Mass Adoption in 2024 (Interview)
During Binance Blockchain Week – a major conference held earlier in Istanbul on November 2023, CryptoPotato had the chance to speak to Binance’s Richard Teng. It’s worth noting that, at the time, Teng was serving as Binance’s Head of Regional Markets, as the conference took place before the most recent Binance developments. Recall that on November 21st, the United States Department of Justice settled charges against the cryptocurrency exchange, bringing an investigation...
Read More »Bitcoin Realized Cap Indicates Fresh Capital Inflows: CryptoQuant
The realized capitalization for bitcoin has recently witnessed significant growth and increment, indicating an improvement in the liquidity conditions of the leading digital asset. According to a report by on-chain market analytics platform CryptoQuant, bitcoin’s growing realized cap and the rising stablecoin market cap are evidence of the influx of new capital into the crypto market. Bitcoin’s Growing Realized Cap The realized cap is a metric that helps estimate bitcoin’s...
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