The European Banking Authority (EBA) has recently launched a new consultation process concerning implementing the so-called travel rule for cryptocurrency transactions. The institution is seeking feedback on the defined procedures that crypto assets service providers (CASPs) must complete to collect the needed information to comply with the travel rule, and the actions they must take when getting…
Bitcoin User Alleges Hack Linked to Erroneous 83.65 BTC Fee Incident – Bitcoin News
November 28, 2023
The crypto community was initially baffled by the massive fee of 83.65 bitcoin, originally attributed to a costly mistake. However, recent revelations paint a darker picture. According to a social media account on X called “@83_5BTC,” hackers stole the funds from the…
SEC Struggles to Serve Richard Heart in Multi-Billion Dollar Crypto Case – Bitcoin News
November 28, 2023
In an interesting turn of events, the U.S. Securities and Exchange Commission (SEC) faces challenges in its billion-dollar lawsuit against cryptocurrency figure Richard Heart. A recent court filing reveals that the SEC has yet to successfully serve Heart, complicating the…
Ethereum Technical Analysis: ETH Hangs Above $2K Range Amid 3% Drop – Markets and Prices Bitcoin News
November 28, 2023
Similar to bitcoin’s price, the second leading digital currency in terms of market cap, ethereum, is down on Monday, losing 3% against the U.S. dollar. Oscillating within a 24-hour range of $2,017 to $2,088, ethereum maintains a market capitalization of $243 billion. Current technical indicators offer a nuanced perspective on ethereum’s market position on Monday.
Ethereum
Ethereum’s price…
7-Day Crypto Snapshot: BLUR, APE, KLAY, and MINA Lead This Week's Market Rallies – Markets and Prices Bitcoin News
November 27, 2023
In the last week, bitcoin experienced a modest increase of 2.7% against the U.S. dollar, while ethereum saw a rise of 6.5%. Concurrently, a range of other cryptocurrencies registered significant double-digit advances, notably the non-fungible token (NFT) marketplace Blur’s…
Former NYSE President: Money Will Flood Into Crypto Industry With Spot Bitcoin ETFs – Markets and Prices Bitcoin News
November 27, 2023
Former NYSE President Tom Farley expects money to “flood” into the crypto industry when the U.S. Securities and Exchange Commission (SEC) approves spot bitcoin exchange-traded funds (ETFs). “It’s just easier to buy. People believe in bitcoin,” he emphasized, adding…
Nigeria Law Enforcement Nab Politician Who Laundered Funds Stolen From Crypto Exchange
November 27, 2023
Nigerian law enforcement recently arrested a politician who is accused of laundering digital funds that were stolen from Patricia Technologies in May. CEO Hanu Fejiro praised the politician’s arrest and said the recovered funds will “go a long way to soothe Patricia users.”
The Politician’s Involvement in a Complex Crime
The Nigerian police have arrested a politician who is accused of…
End of an Era: CZ Steps Down, SEC Names More 'Securities,' as US Crypto Crusade Continues — Week in Review – The Weekly Bitcoin News
November 27, 2023
Bitcoin.com News reported this week that leading crypto exchange Binance will settle with the United States Department of Justice (DOJ) for $4.3 billion, related to breaching anti-money laundering and sanctions regulations. The well-known face of the exchange, and former…
Former Binance CEO CZ Seeks to Dismiss Government's Motion Blocking His Return to UAE Before Sentencing – Legal Bitcoin News
November 26, 2023
Former Binance CEO Changpeng Zhao (CZ) is seeking to dismiss the U.S. government’s motion to prevent him from going home to the United Arab Emirates (UAE) before sentencing. Despite the judge determining that the ex-Binance boss poses no flight risk after he voluntarily…
Grayscale's GBTC Witnesses Historic Shrink in Discount to NAV as Metric Taps Single Digits – Bitcoin News
November 26, 2023
On Friday, data revealed a notable shift in Grayscale’s Bitcoin Trust, commonly referred to as GBTC, as its discount to net asset value (NAV) contracted to single digits for the first time in 2023. The figures indicate that GBTC’s discount reached 8.06%, a level last observed two years ago.
GBTC Discount to NAV Reaches Single-Digit Territory
Grayscale’s Bitcoin Trust (GBTC) is the largest…
