Markets

The U.S. Department of Justice (DOJ) has requested that crypto exchange giant Binance pay $4 billion as a resolution to its lengthy investigation of the company. Such negotiations include the possibility that Binance CEO Changpeng Zhao (CZ) is charged with crimes possibly including money laundering, bank fraud, and sanctions violations. According to Bloomberg, an announcement on a settlement deal could arrive as early as the end of November. If accepted by Binance, it would...

Besides freezing assets, Tether follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. Tether, the USDT issuer, has announced the freezing of 225 million in USDT tokens. Globally, USDT has a market cap of $87.7 billion. It also offers dollar exposure to individuals who cannot access the dollar in their own market.  According to Tether, it traced the frozen funds to an international human trafficking ring in Southeast Asia. This move followed a collaboration...

The price of Worldcoin has fallen over the last 24 hours as new of Sam Altman’s problems and ousting continue to spread. The price of Worldcoin (WLD) reacted to the news in the artificial intelligence (AI) industry, especially as it relates to OpenAI. WLD, the native token of the Worldcoin project, co-founded by Altman, climbed more than 9% over the last 24 hours, and traded at $2.55, according to data from CoinGecko. Data also showed that it rose more than 31% over the past week....

Bernstein analysts are convinced the flagship digital asset will continue on a bullish trajectory amid the incoming halving event that will reduce Bitcoin’s monthly selling pressure to less than $500 million. Bitcoin (BTC) opened the fourth week of November with a renewed bullish outlook fueled by the victory of Argentina’s pro-Bitcoin and anti-CBDC President Javier Milei. The stability and economic balance of the mother coins have undeniably impressed a lot of institutional investors...

Stellar lumen price is attempting a fresh increase from the $0.1132 zone against the US Dollar. XLM price is now trading near $0.1200 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.1195 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1240 resistance zone. Stellar lumen price is trading above $0.1195 against the US Dollar,...

XRP price started a fresh decline below the $0.658 zone against the US dollar. The price is now trading below $0.650 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.625 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.585 support zone. XRP price is struggling below $0.650 against the US Dollar, unlike Bitcoin. The price could decline...

The United States has persistently stumbled in delivering clear regulatory guidance for digital assets. The Securities and Exchange Commission (SEC) presides over instruments and assets deemed as securities, while the Commodity Futures Trading Commission (CFTC) regulates the trading of derivatives on commodities. This landscape leaves a regulatory gap for digital assets that defy the categorization of securities or commodity-based derivatives. Amid this regulatory chaos,...

By Shayan The recent upward momentum in Bitcoin’s price encountered resistance upon reaching the significant $37K mark. However, the market has entered into a consolidation phase, with the price oscillating within the range defined by $37 and $35K. A breakout from this critical range will determine the subsequent trajectory for Bitcoin. The Daily Chart On the daily chart, the substantial uptrend in Bitcoin lost steam after breaking out from the $35K resistance zone and the...

Despite unfavorable economic conditions and the persistent bear market, institutional cryptocurrency adoption has been on the rise. Investors have remained resilient and expressed optimism and strong sentiment about crypto’s role in the future of financial settlements. A recent survey conducted by leading U.S. crypto exchange Coinbase found that 64% of institutional investors currently investing in crypto intend to increase their allocations for digital assets in the next...

TL;DR Binance Delists Russian Pairs: Binance will remove 15 Russian ruble trading pairs, including ADA/RUB, SOL/RUB, and XRP/RUB, due to security concerns and low liquidity, aligning with their strategy to exit the Russian market. Strategic Shift: The exchange’s move reflects a compliance-focused strategy, as stated by Chief Compliance Officer Noah Perlman, emphasizing a shift away from Russian operations to focus on other global markets. Cryptocurrency Price Impact: The...