Crypto exchange Binance has withdrawn its application for a license in Abu Dhabi. “When assessing our global licensing needs, we decided this application was not necessary,” a Binance spokesperson stated, adding that the company plans to continue to work with regulators “to provide world-class services and offerings in the Middle East and beyond.”
Binance Says ‘This Application Was Not…
Institutional Traders' BTC Holding Percentage Increased 'Almost Twofold' Between January and September
December 9, 2023
The bitcoin held by institutional traders (INS) in their respective crypto portfolios saw an “almost twofold” increase in the initial three quarters of 2023. Institutional traders’ BTC allocation shifted from under 40% in January to nearly 50% by the end of…
Nigerian Crypto Firm Bitmama to Pay $1 Million for Startup That Raised $3 Million in February
December 9, 2023
The Nigerian crypto platform Bitmama is reportedly set to acquire the African remittances startup Payday for $1 million. Reports of Payday’s acquisition come almost a year after the startup raised $3 million in a funding round.
Bitmama’s Pivot From Crypto
The Nigerian…
As bitcoin stabilizes near $43,654, its market dynamics reveal a mixture of optimism and caution. Oscillators are currently in a neutral to bearish state, and moving averages are indicating a robust buying trend, creating a complex scenario for investors.
Bitcoin
Presently, bitcoin’s price steadies at $43,654, fluctuating between $43,049 and $43,840. This stability suggests a balanced market…
On Friday, December 8, 2023, ethereum’s trading concluded with a 4% rise, settling at $2,358. This jump was observed within a daily trading range from $2,245 to $2,385. Underlying this upward trajectory was ether’s market cap of $283 billion, accompanied by a strong…
This Week’s Biggest Gainers and Losers: BONK, ORDI, BTT Lead Triple-Digit Growth in Booming Crypto Market
December 9, 2023
In the last week, bitcoin’s value surged by over 14% while ethereum also experienced a notable 13% increase against the U.S. dollar. Alongside these top contenders, a considerable number of other cryptocurrencies have also enjoyed substantial gains throughout the seven-day…
Changpeng Zhao, better known as CZ, the founder of Binance, has recently grappled with significant legal hurdles in the U.S. His guilty plea in a notable case led a Seattle federal judge to impose movement restrictions on him.
Former Binance Boss CZ Restricted to U.S. Soil
As the pivotal figure of Binance, CZ admitted guilt for not establishing anti-money laundering measures and breaching U.S.
Tether's Market Cap Soars by Over 35% to $90 Billion in 2023, Nearing Top 100 Global Assets
December 8, 2023
Tether, the leading stablecoin by market capitalization, has seen its supply increase by 5.5% in the last month, achieving a significant market valuation of $90 billion.
Since 2015, Tether’s Market Cap Has Swelled by 35,912,812%
Since the dawn of 2023, tether (USDT) has…
JPMorgan CEO Jamie Dimon Says He’d Close Crypto Down if He Were the Government – Featured Bitcoin News
December 8, 2023
JPMorgan Chase CEO Jamie Dimon told U.S. senators in a congressional hearing that he would close down crypto if he were the government. Emphasizing that he has always been “deeply opposed” to crypto and bitcoin, the executive stressed that the true use case of crypto is…
Iris-Scanning Crypto Project Worldcoin Launches Community Grants Program – Altcoins Bitcoin News
December 8, 2023
Recently, the Worldcoin Foundation unveiled the launch of its community grants program, beginning with its first phase, Wave0. In the crypto economy, Worldcoin’s WLD token has not experienced the growth that other crypto assets have enjoyed, declining over 3% in the past fortnight. This downturn followed the departure of CEO Sam Altman from Openai, a notable Worldcoin backer.
Worldcoin Debuts…
