Features Crypto News by Thebittimes.Com

Investment firm Tiger Global is said to have marked down the value of its stakes in Bored Ape Yacht Club and OpenSea. According to a report from Bloomberg, the New York-headquartered investment firm has slashed its stakes in Bored Ape Yacht Club (BAYC) and marketplace for digital collectibles OpenSea by 69% and 94% respectively. While the reason for the move was not clear, it was not the only reduction made by Tiger Global. As per the report , the VC firm also slashed its stake in an AI-powered email company Superhuman by 45% and cut its valuation for search engine website DuckDuckGo by 72%, according to people familiar with the matter. You might also like: Magic Eden releases cross-chain NFT and crypto wallet Bloomberg claims investors in Tiger Global’s Private Investment Partners 15 fund suffered an 18% paper loss at the end of September, suggesting the latest move was made in a bid to contain risks of further decline. As of press time, Tiger Global made no public st

Charles Hoskinson accused the XRP community of holding a conspiracy theory against Ethereum’s Joseph Lubin. According to Hoskinson, many XRP supporters believe Lubin bribed the SEC to go after XRP. Hoskinson was allegedly assisting in the trivialization and cover-up of Lubin’s corruption. Cardano founder Charles Hoskinson has reiterated that several XRP community members are embarking on a conspiracy theory campaign against Ethereum’s Co-Founder, Joseph Lubin. According to Hoskinson, many XRP supporters believe Lubin bribed the Securities and Exchange Commission (SEC) to go after XRP to eliminate competition for Ethereum. I could have been more precise with my words during a throw away interview, but let's be very clear since we are being intellectually honest. A lot of XRP people believe that Joe bribed the SEC to go after XRP to take them out so Ethereum could rise. This has always been my… — Charles Hoskinson (@IOHK_Charles) November 30, 2023 Hos

IOTA’s $100M DLT foundation in Abu Dhabi sparks IOTA token surge, hitting a 6-month high at $0.285236.  Abu Dhabi’s blockchain-friendly stance attracts IOTA and other crypto firms, signaling the city’s crypto boom. IOTA’s DLT Foundation aims to revolutionize the Middle East’s blockchain landscape, riding on ADGM’s supportive regulations. IOTA has announced the launch of the IOTA Ecosystem DLT Foundation in Abu Dhabi. This move marks a significant expansion of IOTA’s distributed ledger technology (DLT) into the Middle East. The foundation, bolstered by $100 million in IOTA digital tokens, represents a strategic effort to grow IOTA’s DLT presence in the region. JUST IN: @iota launches a $100m foundation in #AbuDhabi to accelerate the growth of its distributed ledger technology (DLT) in the #MiddleEast. This is the first registered DLT foundation approved by Abu Dhabi Global Market (ADGM), whose #blockchain rules were finalized… pic.twitter.com/kGjk4XtCUH — C

The top three CEXs by assets held are Binance, OKX, and Bitfinex. DefiLlama data shows that Binance holds $66.917 billion to rank top among CEXs by assets held. There was a negative inflow in digital assets on all the top 3 CEXs in the last 24 hours. Data from DefiLlama, a blockchain data aggregation platform, shows that the top three centralized exchanges (CEXs) by assets held are Binance, OKX, and Bitfinex. As posted by Lookonchain on X (formerly Twitter), the smartmoney on-chain platform, the total digital assets held by Binance amount to $66.917 billion. OKX holds $12.413 billion, while Bitfinex holds $11.746 billion to complete the top three CEXs in digital assets holding. According to #Defillama, #Binance holds $66.917b assets: $20.578b BTC $18.84b USDT $8.085b WETH/ETH …#OKX holds $12.413b assets: $5.2b USDT $4.827b BTC $1.95b WETH …#Bitfinex holds $11.746b assets: $7.69b BTC $2.596b LEO $0.77b WETH …https://t.co/Lrl0bTwxIF pic.twitter.com/OVKm2vG6Tf

A recent report from Project Tourbillon, led by the Bank for International Settlements’ Innovation Hub, reveals significant advancements in balancing privacy and transparency in CBDCs. Project Tourbillon, an initiative spearheaded by the Bank for International Settlements’ (BIS) Innovation Hub in Switzerland, has made significant strides in the realm of central bank digital currencies (CBDCs). The project’s primary focus is on maintaining user privacy in digital currency transactions, a critical and complex issue in the landscape of digital finance. The recently published final report from Project Tourbillon reveals a nuanced approach to privacy in CBDC transactions. It proposes a system where users can execute payments without disclosing personal information to merchants or other parties. Latest BIS Americas Office report explores #OperationalRisk and #CyberRisk facing #CentralBanks issuing a #CBDC and suggests tools and processes to identify and mitigate them https://t.co/JiD

The UK government published Tax guidance on Wednesday requesting that holders of crypto , NFTs, and utility tokens disclose any unpaid Tax that may have accrued from their crypto profits, or face penalties.  The disclosure published by HM Revenue and Customs (HMRC) is voluntary , but the guidance stresses “If you do not contact us to declare your unpaid tax, you could be liable to additional interest and penalties.” The guidance details how to make the crypto Tax disclosure so that the UK ’s Tax agency can figure out how much you owe, what penalties might affect you, what interest you owe, and how many years of unpaid Tax you need to pay. UK families face huge tax bills for locked crypto left by dead traders Read more: UK police to return £2M in stolen crypto to IOTA scam victims To do this, it asks for information including how many times a crypto asset has been transacted , how much it cost to buy, any crypto exchanges that were used, and any profits you made.  It st

Bitfinex’s newly introduced Tether tokenized bond, initially celebrated as the start of a “new era for capital raises,” has fallen short of attracting the expected level of investment and interest. Bitfinex Securities, a platform specializing in the listing of tokenized real-world assets (RWA), announced the launch of its first tokenized bond, ALT2611, in October, with the new offering made available to the public on Nov. 15. Yet, following a two-week offering period, the official website indicates that only $1.5 million has been raised, falling short of the $10 million target. The target of 100,000 ALT2611 worth 10 million USDT was set for two weeks after launch in the announcement, but it appears to have been extended by another fortnight, with just 15,000 ALT2611, or 15% of the target reached so far. Screenshot from ALT2611 capital raise | Source: Bitfinex The ALT2611 bond is a 36-month bond with a 10% coupon, denominated in USDT. It is issued by Alternative, a Luxembou

The soccer star’s Binance-tied NFTs allegedly promoted investments in unregistered securities on the crypto exchange. Pro-soccer star Cristiano Ronaldo has been hit with a proposed class-action lawsuit from plaintiffs claiming they suffered losses from his promotion of the now-legally embroiled crypto exchange Binance. A Nov. 27 filing to a Florida District Court claimed Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance.” Binance entered a multi-year partnership with Ronaldo in mid-2022 to promote a series of his own nonfungible tokens (NFT), of which he has at least three collections tied to Binance. The complaint claims users who signed up for Ronaldo’s NFTs were more likely to use Binance for other purposes — including investing in what they claimed were unregistered securities , including Binance’s BNB (BNB) and its crypto yield programs. “Ronaldo’s promotions solicited or assisted Binance in

Coinbase once wrote a manifesto in which it declared, “We don’t advocate for any particular cause or candidates internally that are unrelated to our mission, because it is a distraction from our mission.” Employees are told in their internal communication policies that they will not “debate causes or political candidates internally that are unrelated to work.” Despite this policy, Coinbase has still maintained external endorsements of candidates, with Brian Armstrong highlighting that Coinbase has integrated its “ Crypto policy efforts right into our app.” For the 2022 election, Coinbase has also continued to support political candidates through its Coinbase Innovation PAC. Presumably, these candidates must be related to Coinbase’s mission since they are advocating for them, but several of these candidates have actively worked to undermine and destroy democracy in the United States, a fact apparently unrelated to Coinbase’s mission. These politicians include:  David Schweikert,

The managing director of the Monetary Authority of Singapore declared that cryptocurrencies have failed the test of digital money. Crypto will eventually leave the monetary scene, claimed Ravi Menon. Menon shared that the future of the monetary system will include CBDCs, tokenized bank liabilities, and well-regulated stablecoins. “Crypto currencies have miserably failed the test of money because they can’t keep value,” said Ravi Menon, managing director of the Monetary Authority of Singapore. At a panel discussion on the Future of Monetary System as part of the Hong Kong Monetary Authority-Bank for International Settlements event, Menon stated that private crypto currencies will eventually exit the monetary system. Bloomberg reported that Menon thought the future of the monetary system would include central bank digital currencies (CBDCs), tokenized bank liabilities, and well-regulated stablecoins.  In comparing crypto currencies with the aforemention

Changpeng Zhao (CZ) went from anonymity to global wealth in under a decade, as mentioned by Hayes in his blog. The blog suggests that CZ, like all those profiting from centralization, is considered a sinner in the eyes of Satoshi. BitMEX’s former CEO questions the severity of Binance’s $4.3B fine, comparing it to traditional financial wrongdoings. In a recent blog post, former CEO of crypto exchange BitMEX Arthur Hayes delves into the extraordinary rise and fall of Changpeng Zhao (CZ), the former CEO of Binance. Hayes highlights the controversial $4.3 billion fine imposed on the largest crypto exchange. According to Hayes, CZ emerged from anonymity to become one of the richest individuals globally in under a decade. The catalyst for his ascension was Binance, which, in just six years, transformed into the world’s largest centralized trading venue for cryptocurrencies. Hayes notes, “For some, Binance was their way to purchase a coin or token that was a tic

In a surprising twist of events, Coinbase (COIN) shares have surged to their highest point in 18 months, reaching $119.77 on Nov. 27. This sudden increase closely follows the legal troubles of Binance, a significant competitor, and its founder Changpeng Zhao (CZ), who pleaded guilty to money laundering and sanctions violations in the United States. This marks a pivotal moment for Coinbase, as the crypto currency exchange giant witnesses a remarkable 256.5% year-to-date increase in its shares. Remarkable Performance of Coinbase As of the closing date on Nov. 27, Coinbase’s share value has reached its peak since May 5, 2022, when it closed at $119.77. This surge positions Coinbase as a standout performer in the crypto currency market, demonstrating resilience and growth amidst industry challenges. Source Despite this impressive rebound, Coinbase shares remain 65% below their previous all-time high of nearly $343, recorded on Nov. 12, 2021. The recent surge indicates a positive traje

OKX has launched its crypto exchange and Web3 wallet in Brazil, marking a significant expansion into the Latin American market with a focus on providing secure and comprehensive crypto trading and defi services. Global web3 technology company OKX has recently expanded its reach by launching a crypto exchange and web3 wallet platform in Brazil. This move provides Brazilian users with direct access to decentralized finance and cryptocurrency trading. The introduction of the OKX platform in Brazil is notable for its inclusion of Brazilian real fiat-on-ramp capabilities, facilitating easier entry for local users into the crypto market. The OKX Exchange offers a comprehensive platform for trading a vast array of crypto currencies. It stands out with its advanced crypto Features , such as staking rewards and defi integrations, catering to both novice and experienced traders. As we continue our global mission to drive crypto forward, we're excited to announce the official launch

HKVAEX and VAEXC are different crypto platforms in Hong Kong and have nothing to do with each other, a HKVAEX representative said. Hong Kong cryptocurrency exchange HKVAEX has not applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC), a spokesperson for HKVAEX has said. Amid multiple reports erroneously suggesting that HKVAEX has applied for an SFC license , the HKVAEX representative claimed the crypto exchange is yet to submit an application. “We are still preparing for the application at the moment,” the HKVAEX representative told Cointelegraph on Nov. 27. The spokesperson stressed that HKVAEX should not be confused with VAEXC, which applied for a crypto license in Hong Kong on Oct. 25, according to SFC data. “VAEXC is another applicant, and they have nothing to do with us,” the HKVAEX representative said, adding that the firm is unrelated to HKVAEX. Hong Kong VAEXC license application. Source: SFC The news came a few weeks a

Avalanche growing its tokenization market Rebel Satoshi targets a multi-million market cap Arbitrum on-chain metrics fall after staking proposal For different reasons, Avalanche (AVAX) and Arbitrum (ARB) are two Ethereum layer-2 networks in the crypto spotlight. Meanwhile, Rebel Satoshi (RBLZ) is geared to increase by 30% in the ongoing presale.  Avalanche and RWA tokenization Real-world asset (RWA) tokenization is gaining prominence in crypto .  Avalanche is drawing attention through its Avalanche Subnets tailored for financial institutions.  Citi is reportedly developing an FX solution on Avalanche, and JP Morgan plans to leverage an Avalanche Subnet. Avalanche’s role in this space has led Bank of America to predict a $16 trillion valuation for asset tokenization in the next 5-15 years. As Avalanche finds adoption, the average daily transactions rose from 158,000 on Oct. 28, 2023, to 6.36 million when writing, as per Artemis data.  AVAX is also up 142% since Oct. 19, 20

Buy Bitcoin and Ether legally and securely in the U.K. and get insights on regulations, storage and investment options to make informed decisions. To navigate the process of buying Bitcoin effectively, it is essential to explore secure options. In the United Kingdom, acquiring cryptocurrencies is legal, yet it can pose challenges, as the government underscores the need to comprehend the associated risks.  For an effective traversal of the crypto landscape, investors should follow key steps, including choosing the right crypto exchange or broker, setting up a secure wallet and making informed decisions regarding payments and orders. This article examines how to purchase Bitcoin (BTC) and Ether (ETH) in the U.K. while offering information on legal considerations, secure storage options, cryptocurrency exchanges and brokers for effortless market navigation. Is it legal to buy Bitcoin and Ether in the U.K.? While the legal status of cryptocurrencies varies from one country to another, buy

A trader who accurately called Bitcoin’s (BTC) 2018 bear market bottom is laying out a price path to $60,000 for the crypto king. Pseudonymous analyst Bluntz tells his 229,700 followers on the social media X platform that Bitcoin looks really bullish as it is in the midst of a wave three rally. Bluntz practices the Elliott Wave theory, a technical Analysis method that attempts to predict future price action by following crowd psychology that tends to manifest in waves. According to the theory, a bullish asset goes through a five-wave uptrend with the third wave representing the longest leg up. Says Bluntz, “Yeah, I’m running with the extended wave three currently underway. Fairly sure Credible Crypto is as well.”  Source: Bluntz/X Looking at the trader’s chart, he appears to predict that BTC will end its wave-three rally at $50,000 before a wave-four correction down to $42,500. The chart also shows Bitcoin hitting $60,000 for the fifth and final wave before S

DUBAI, UAE, November 24th, 2023, Chainwire Binance Labs, in partnership with BNB Chain and CMC Labs, has introduced a new Founder Track to the Most Valuable Builder (MVB) Accelerator Program. MVB, now in its 7th season, is an accelerator program jointly organized by Binance Labs and BNB Chain. The program was launched in 2021 with a focus on supporting builders and growing the BNB Chain ecosystem. This season, the organizers are welcoming CMC Labs to the MVB program as a strategic partner. The MVB program now consists of two tracks. The newly added Founder Track functions as a venture studio dedicated to incubating 100 innovative ideas that address real-world needs. This track sees projects receive backing from Binance Labs and support in deploying their ventures on BNB Chain. Since the program’s inception, the Startup Track has been integral in providing tailored support to early-stage startups. It provides a customized curriculum to assist Web3 startups on th

BLUR‘s price climbed to $0.62 as Binance opened the trading floor for the cryptocurrency. The 24-hour trading volume closed in on $1 billion, while some early adopters made profits. Buying pressure increased, suggesting a potential move to $0.70 for BLUR. The price of Blur (BLUR) jumped by 28% in the last 24 hours after Binance confirmed that it would list the cryptocurrency. According to the exchange announcement, spot trading for the BLUR/USDT and BLUR/BTC pairs would be open for trading by 9:00 UTC on November 24. However, Binance also mentioned that withdrawals would only begin by November 25, noting that a margin pair against the USD would also be listed. While the development sat well with the crypto community, it was the NFT end of the market that generated even greater enthusiasm. This is because BLUR is the native token of the Blur NFT marketplace. Interestingly, Binance’s announcement also came a day after Tieshun Roquerre, founder of Blur NFT m