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AI-Focused Cryptocurrency Sector Expands by $2 Billion in Less Than 2 Weeks – Market Updates Bitcoin News

November 30, 2023

Recent market data reveals a significant surge in the AI-focused cryptocurrency sector, with its value ballooning by nearly $2 billion in just under two weeks. A major contributor to this growth is the token bittensor (TAO), which soared 86.5% in the last fortnight. AI Crypto Economy Rebounds Strongly In the AI-oriented crypto landscape, the past month has been marked by impressive growth. The top…

Former SEC Chair Discusses 'Appropriate Way' to Regulate Crypto — Says Classification Issues Are 'Overblown' – Regulation Bitcoin News

November 29, 2023

Former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton has discussed what he believes to be the “appropriate way” to regulate crypto. The former regulator added that “the classification issues” about whether a crypto token is a security or a…

CZ Resigns as Chairman of Binance US, Signaling Strategic Shift – Bitcoin News

November 29, 2023

On Tuesday, Binance US, the American branch of Binance.com, revealed that Changpeng Zhao (CZ), its former CEO, has relinquished his position as chairman of the board with immediate effect. The announcement emphasized that Binance US is fully functional and operates…

Bitcoin Whale Soars to 72nd Rank in 2 Weeks, Gathering Over 10,000 BTC Amid ETF Buzz – Bitcoin News

November 29, 2023

This week, observers in the crypto sphere have kept a close eye on a notable bitcoin whale address, which impressively climbed from the 492nd spot to become the 72nd largest bitcoin holder in a mere fortnight. This substantial addition of over 10,000 bitcoin occurs amidst widespread speculation about how exchange-traded funds (ETFs), such as Blackrock, will procure bitcoin, with some conjecturing…

Binance CEO Richard Teng Outlines the Path Ahead; Puts Innovation, Users and Web3 at the Forefront – Bitcoin News

November 29, 2023

Richard Teng, the new CEO of Binance, has explained his vision for the company, outlining the challenges the exchange faces ahead and the areas on which the company will focus. In a blog post, Teng explained that innovation, users, and Web3 will be at the forefront of…

Coinbase CEO Says Binance Settlements Allow Crypto Industry to 'Turn the Page' – Legal Bitcoin News

November 29, 2023

Coinbase CEO Brian Armstrong says the enforcement action against Binance has allowed the crypto industry to “turn the page.” He emphasized: “There are many, many companies in crypto that are helping build the crypto economy and update our financial system globally. But…

Crypto Payment Provider Alchemy Pay Secures Iowa Money Services License – Finance Bitcoin News

November 29, 2023

The Singapore-based payment gateway Alchemy Pay has been granted the money services license by the U.S. state of Iowa. Both this license and the money transmitter license obtained from Arkansas nearly two months earlier underline Alchemy’s “dedication to compliance.” Alchemy Now in the Same League as Established Payment Providers Alchemy Pay, a crypto on-ramp and payment gateway, recently…

Cardano's Charles Hoskinson Clashes With Blockstream's Adam Back Over Crypto Security Classification – Bitcoin News

November 29, 2023

Charles Hoskinson, co-founder of Input Output Global (IOHK) and the Cardano blockchain initiative, recently expressed his frustration in a video over the U.S. regulator’s decision to categorize the cryptocurrency cardano as a security. He’s perplexed and critical about…

Judge Bars Former Binance CEO From Leaving US as the Court Weighs Government's Request – Legal Bitcoin News

November 28, 2023

A federal judge has barred former Binance CEO Changpeng Zhao (CZ) from leaving the U.S. until the court has made a decision on the U.S. government’s motion to prevent his return to the United Arab Emirates (UAE) before sentencing. The government filed the motion in…

European Banking Authority Launches New Consultation on Crypto Travel Rule

November 28, 2023

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…