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Former Binance CEO Changpeng Zhao has once again been barred from leaving the U.S. while awaiting his sentence for violations of banking laws. U.S. District Judge Richard A. Jones refused Zhao’s second request for travel liberty at a recent hearing in Seattle. The details of Zhao’s intended journey remain under wraps as part of the case U.S. v. Zhao, in the U.S. District Court, Western District of Washington. Former Binance CEO Changpeng Zhao was blocked again from traveling as his sentencing for criminal charges approaches in late February. The U.S. District Court for the Western District of Washington in Seattle denied Zhao's "request for permission to travel." Prosecutors had… — Wu Blockchain (@WuBlockchain) December 30, 2023 This decision comes just three weeks after Judge Jones reversed an earlier verdict permitting Zhao to journey back to the United Arab Emirates ahead of his sentencing in February. The former Binance boss, possessing signifi...

Pancakeswap gains overwhelming community support for 300 million CAKE token supply reduction, bolstering market presence across chains. Pancakeswap, the third-largest decentralized exchange globally, recently witnessed a near-unanimous community vote on a governance proposal to reduce the CAKE token supply by 300 million, shifting it from 750 million to 450 million. The resounding support of 97.8% underscored the community’s confidence in this move, aimed at enhancing market share across various chains and sustaining the VECAKE model. PancakeSwap Fam, the moment is here! Proposal to reduce the max supply of $CAKE from 750M to 450M! By reducing our token supply by 300,000,000 $CAKE, we signify PancakeSwap’s successful shift from a high-inflation emissions model to the Ultrasound CAKE era. Vote for… pic.twitter.com/3zCzoBBiRl — PancakeSwapEveryone's Favorite DEX (@PancakeSwap) December 28, 2023 Post-vote, CAKE displayed impressive performance, surging 42.6% aga...

One of the largest cryptocurrency exchanges, OKX, announced delist ing several trading pairs at once. According to the Dec. 29 announcement, OKX will delist stablecoin USD Coin (USDC), Tether (USDT), and Bitcoin (BTC) trading pairs with several prominent privacy-focused cryptocurrencies, including Monero (XMR) and Dash (DASH). The delist ing will take place on Jan. 4 and 5, 2024. The exact reason for this decision is unknown. Platform representatives stated the following: “To maintain a robust spot trading environment, we constantly monitor the performance of all listed trading pairs and review their listing qualifications regularly.” OKX announcement The exchange recommended that orders for these pairs be canceled prior to delist ing, otherwise they will be canceled automatically within 1-3 business days. The exchange had also suspended accepting deposits in some currencies, including XMR and DASH, on Dec. 27. Withdrawals will be suspended on Mar. 5, 2024. Earlier, the head o...

Cathie Wood’s investment firm Ark Invest has sold all of the Grayscale Bitcoin Trust (GBTC) shares it held.  The firm bought 4.32 million of the ProShares Bitcoin Strategy ETF (BITO). Meanwhile, the presale of new meme-based assets platform Meme Moguls has continued to attract investors. Ahead of what could be a spectacular start to the year for crypto, Cathie Wood’s firm Ark Invest is making moves in the market with relation to its crypto related holdings. Elsewhere, investors lifted by the recent developments in the sector are taking notice of potentially profitable positions. Among projects making waves in Meme Moguls, a token in presale that’s likely to dominate the forecast $6.1 billion meme market industry. Cathie Wood’s Ark sells GBTC, buys BITO One of the news headlines today is the move by asset management firm Ark Invest.  According to details reported by Reuters, the Cathie Wood firm offloaded all of its Grays...

A closely followed crypto trader says that one layer-2 scaling solution still has more upside potential after a big rally. Pseudonymous trader The Flow Horse tells his 194,500 followers on the social media platform X that Polygon (MATIC) competitor Optimism (OP) is likely heading higher after a retest at the $3.45 level. “Another one that is still revving at the start line. OP retest and reclaim of yearly highs. Just look across the entire market and see what has followed with each pair that has done this. Give it room to breathe, it’s very likely going much higher as long as the music is still playing.” Source: The Flow Horse/X Optimism is trading for $3.94 at time of writing, up 15.9% in the last 24 hours. Next up, the trader says he is turning bullish on Mina Protocol (MINA), a privacy-focused payments protocol that aims to have a constant size of just 22 kilobytes (kB). “I can see this starting to move harder if BTC stabilizes. MINA not only is green...

BONK’s price tumbles, but trading spikes signal investor interest in a potential rebound. The WIF market sees intense volatility hit an all-time low and highs in just seven days. ANALOS’s price dip follows an all-time high, yet increased trading volume suggests market optimism. Despite SOL trading above $110, bearish hands have come in after a bullish spike in the Solana memecoins. As a result, the prices of Bonk (BONK), dogwifhat (WIF), and analoS (ANALOS) have fallen significantly. The rapid surge in adverse sentiment has led these memecoins to lose significant value, causing investors to be concerned. This retreat, however, could provide a purchasing opportunity for investors who missed out on the first gain. BONK/USD Bulls in the Bonk (BONK) market have sharply risen in recent weeks, reaching an all-time high of $0.00003419 on December 15. However, the upward bounce has peaked, with the price backtracking by more than 54% since then, accord...

The Ethereum network is poised for a significant bull run in 2024, according to analyst. Ethereum’s Dencun upgrade is expected to introduce a number of features that will improve network efficiency.  Analyst stated that the potential spot ETF approval will also drive up ETH’s value. Crypto analyst CryptosRUs predicted an explosive surge for Ethereum, claiming that ETH will be the next ecosystem to see exponential growth within weeks.  This bullish prediction is based on a combination of fundamental factors and technical indicators, suggesting that Ethereum’s entire ecosystem is primed to witness significant growth in 2024. The analyst noted that Ethereum is scheduled to undergo another significant upgrade in January, which CryptosRUs believes will enhance ecosystem growth. The Dencun Upgrade is expected to come with Features that reduce transaction fees on the Ethereum mainnet, limit the use of self-destruct operations on smart contracts, and e...

Considering the current market conditions, the quest to become a Cronos millionaire demands a meticulous strategy and timely initiation. Amid the current market conditions, seizing the opportunity to acquire Cronos today holds the promise of substantial gains. However, the question remains: how much CRO is needed to secure a million-dollar fortune? As of the latest market update, Cronos is valued at $0.09816. In addition, $13,880,445 worth of CRO was traded on exchanges within the past 24 hours. For aspiring CRO millionaires eyeing the $1 million mark for $1 per coin, the formula is clear: divide the desired target of $1,000,000 by the price of $1. This arithmetic translates to the acquisition of 100,000 CRO . Also read: How Much SHIB Do You Need to Become a Millionaire if it Hits $2? How much CRO do you need to become a millionaire if the price hits $1? To determine the current cost of this strategic investment, the quantity of CRO (100,000) is multiplied by the existin...

Apple has listed a fraudulent version of Rabby Wallet, a product that is only available on desktop devices. A malicious clone of cryptocurrency wallet Rabby Wallet has been spotted on Apple‘s App Store as scammers are desperately trying to lure victims by posing as providers of legitimate products. A FAKE mobile app has surfaced again. We want to emphasize that we DO NOT have an official mobile app at the moment. Our official website https://t.co/FZmFjG2o5X is the ONLY recommended source for downloads. https://t.co/Dx9g4GYIfY pic.twitter.com/8tC4oKdFKX — Rabby Wallet (@Rabby_io) December 26, 2023 According to an X post from the Rabby Wallet account, the fake mobile application “has surfaced again,” and the team has emphasized that there’s no official mobile app “at the moment.” As of press time, Rabby Wallet is only available as an extension for Google Chrome and a standalone application for desktop devices, according to the project...

Polygon (MATIC) price is poised above $0.85, a key support level that could see bulls eye $1 in coming weeks. Bullish catlysts for crypto and developments in the Polygon ecosystem could buoy MATIC upside momentum. Polygon (MATIC) price continues to hold above $0.85, a key level above buyers could target the psychological $1 hurdle. Despite the broader market’s lull amid the thinned trading expected this Christmas holiday week, MATIC could still see a major breakout. Could it be one of the top altcoins under $1 in the market today? Here’s the price outlook for Polygon. Polygon an “underdog”? Polygon has not experienced the kind of price explosion some coins have witnessed in 2023 overall or in recent weeks. But Polygon ’s zero-knowledge EVM (zkEVM) technology, Chain Development Kit (CDK) and MATIC to POL migration mark a few of the key developments for the blockchain in the year. Polygon also recently integrated with Chainlink ...

Bitwise has launched a spot Bitcoin ETF ad campaign titled “Bitcoin is Interesting”. The Bitwise ad features Jonathan Goldsmith, an actor renowned for his role as “The Most Interesting Man in the World.” With the ad, Bitwise has created a slogan that is becoming popular among crypto community members. Bitwise, a US-based index managing firm, has launched a spot Bitcoin ETF ad campaign titled “Bitcoin is Interesting”. The campaign aims to broaden the awareness of Bitwise as a leading firm in the crypto asset class as global interest in the industry surges. Announcing the campaign launch, Bitwise posted a clip of the ad on X (formerly Twitter), tagging it “A word to the wise, from a man of few words.” A word to the wise, from a man of few words. #bitcoinisinteresting https://t.co/wantGiAIqJ pic.twitter.com/x5MPbElEev — Bitwise (@BitwiseInvest) December 18, 2023 The lead feature in the ad is Jonathan Goldsmith, an actor renowned for his ro...

SEC recently convened with reps seven firms aiming to introduce spot Bitcoin ETFs. ETFs.Executives at the meetings revealed that the SEC had set a deadline of December 29 for final updates. It was said that any issuer failing to meet this deadline would not be included in the initial wave of potential approvals in early January. Officials from the U.S. Securities and Exchange Commission (SEC) convened on Thursday with representatives from at least seven companies aiming to introduce spot Bitcoin exchange-traded funds (ETFs). Notable participants in these discussions included representatives from BlackRock, Grayscale Investments, ARK Investments, and 21 Shares. Public memos and sources familiar with the talks indicate that at least two companies were advised to submit their final changes by the end of the week.  Executives from two companies who participated in the regulatory meetings spoke anonymously, revealing that the SEC had set a deadline of December...

Ripple CEO Brad Garlinghouse launched a withering attack on US Securities and Exchange Commission (SEC) chair Gary Gensler after the regulator posted a tweet about ”noncompliance  in the crypto space.” “Stunning hypocrisy from the person who cozied up to the biggest fraud in recent memory,” said Garlinghouse in a tweet, without detailing the fraud he referred to. “Gensler is a political liability whose actions have decimated consumers and destroyed the integrity of the SEC, while remaining buddy-buddy with Wall Street.” Stunning hypocrisy from the person who cozied up to the biggest fraud in recent memory. Gensler is a political liability whose actions have decimated consumers and destroyed the integrity of the SEC, while remaining buddy-buddy with Wall Street. https://t.co/hAgjJ9IsGR https://t.co/D3pz4Dq3yy — Brad Garlinghouse (@bgarlinghouse) December 21, 2023 SEC Chair Gensler Said ”Noncompliance” Is Undermining Crypto...

The El Salvadoran Congress has approved a law to speed up the citizenship acquisition for those who make donations in Bitcoin (BTC). El Salvador’s Congress, with backing from President Nayib Bukele’s New Ideas party, has passed a migration law that offers fast-tracked citizenship to foreigners who contribute to government social and economic programs through Bitcoin donations. This unexpected decision, made in a late-night vote by the unicameral legislature on Dec. 21, is expected to come into enforcement in the coming days, per a Reuters report. However, the law does not contain any minimum requirements for a donation. The reform stipulates that those who qualify will skip the standard need for the naturalization process of five years of continuous residence for anyone from a non-Hispanic country or two years if the person has a Salvadoran spouse. You might also like: Few people sent money to El Salvador using Bitcoin and Crypto in H1 2023 At the same time, ...

Rockstar Games released the much-awaited trailer of GTA 6 on December 5, 2023, 14 hours before the actual launch. A hacker leaked the footage the same day forcing Rockstar Games to release the trailer with immediate effect. However, just to walk down memory lane, a petition was filed on Change.org urging Rockstar Games to consider incorporating Shiba Inu (SHIB) cryptocurrency as an in-game legal currency in GTA 6 . Also Read: Shiba Inu: How Many Years Will SHIB Take To Reach $1? The Change.org petition to make Shiba Inu a legal currency in GTA 6 was filed by Luca Buassi on November 6, 2021. The petition came a week after SHIB hit its all-time high of $0.00008616, on October 30, the same year. “This petition is designed to kindly request of Rockstar Games to please make Shiba Inu coin the official currency of the next chapter of Grand Theft Auto ( GTA 6 ),” read the petition. Also Read: Shiba Inu: Man Makes $70 Million but Ends Up With Only $4,000 Source...

Trezor, a leading web3 hardware wallet manufacturer, now supports SOL and SPL token s, aligning with the current upswing in interest and searches for Solana. The announcement on the social media platform X highlights that Trezor’s hardware wallets , the Safe 3 priced at $79 and the Model T at $179, now seamlessly integrate with these Solana-based token s. The Safe 3 boasts enhanced security Features with a specialized chip, while the Model T incorporates a touchscreen interface. "When Solana?"  Today is the day, Trezor supports @solana Both the Trezor Model T and Trezor Safe 3 now support SOL as well as all SPL tokens. pic.twitter.com/ug1lGtvXwv — Trezor (@Trezor) December 20, 2023 You might also like: Trezor launches two new hardware wallets Supporting over 8,000 coins and tokens, Trezor’s hardware wallets empower users to manage their assets efficiently, facilitating secure transactions, receipt of funds, and trading activities. SOL, the ...

Dec 20, 2023 at 08:40 // Price Author Coin Idol The price of Cardano (ADA) has remained below the $0.65 resistance level. Buyers tried twice to test the recent high but were beaten back. Long-term forecast for the Cardano price: bullish The cryptocurrency has pulled back above the 21-day SMA several times. On December 18, Cardano hit a low of $0.54 as bulls reacted to the declines. At the time of writing, ADA/USD is trading at $0.58. The cryptocurrency is currently trading in a price range of $0.52 to $0.65. The price action has been limited by ...

Justin Sun, the creator of Tron (TRX), recently withdrew $5.22 million worth of Shiba Inu (SHIB). This was his highest withdrawal amount in four days of multiple token withdrawals, suggesting accumulation. On December 19, SpotOnChain data revealed a significant withdrawal by Justin Sun. The Tron creator pulled 500 billion SHIB, equivalent to $5.22 million , from Binance. Particularly, this recent event suggests he is making strategic moves as the cryptocurrency market shows signs of the 2021 greed levels once again. Notably, analysts have been predicting the onset of an altseason, where altcoins could surge past Bitcoin’s (BTC) performance. Sun’s withdrawals could indicate his anticipation of this shift. Moreover, the cryptocurrency market was trading bearishly in the previous week. This created potential buying opportunities for keen investors like Justin Sun. Justin Sun’s withdrawals in the past 4 days Cryptocurrency The Economist says Bitcoin  ...

With the fast-approaching 2024 elections in the United States, cryptocurrency executives and investors have poured $78 million into three major independent expenditure-only political action committees, or super PACs, in a bid to back crypto-friendly candidates. Specifically, these three pro- crypto super PACs include Protect Progress, Defend American Jobs, and Fairshake, the last of which has already spent over $1.2 million on television ads backing Congress House candidates, according to a report by media outlet Politico published on December 18. Indeed, the campaign has already received support from venture capital (VC) giant Andreessen Horowitz, crypto exchange Coinbase, Gemini co-founders Cameron and Tyler Winklevoss, and other major players in the crypto field, including Ripple, Circle, Kraken, and Paradigm. Crypto execs vs. regulators Commenting on the development, Ripple’s CEO Brad Garlinghouse expressed his optimism regarding this contribution to the fight against regul...

The U.S. Court ordered Binance to pay $2.7 billion in penalty to the CFTC as part of the settlement of the lawsuit. The court order mandated Changpeng Zhao to pay $150 million as a fine for money laundering. The move came following Zhao’s guilty plea in the $4.3 billion settlement in November. Recent reports revealed the U.S. court’s move against Binance and its former CEO Changpeng Zhao, in the CFTC lawsuit. The court ordered the company to pay a fine of $2.7 billion and Zhao individually a $150 million to the Commodity Futures Trading Commission (CFTC). This was following a case filed by the CFTC for money laundering. According to an official announcement by the CFTC, the U.S. District Court for the Northern District of Illinois has approved the CFTC-Binance settlement, asking Binance to “disgorge $1.35 billion of ill-gotten transaction fees” and submit $1.35 as a fine to the commission. The CFTC, further elaborating on the court’s move, cited, [The co...

As part of the Celsius Network’s bankruptcy proceedings, Hut 8’s mining operation is set to accommodate 66,000 miners and be powered by over 215 MW of energy upon completion. In the prominent North American digital asset mining and high-performance computing infrastructure provider’s statement, Hut 8 President Asher Genoot expressed confidence in their selection as partners for the Cedarvale mining project, citing the strength of their managed services business managing 680 MW.  Genoot emphasized its ability to establish mining infrastructure and optimize operations rapidly. The overarching objective, he noted, is to build goodwill with Celsius creditors while enhancing the resilience of their managed services business, which is expected to oversee more than 895 MW post-site launch. You might also like: Hut 8 surpasses 9.3k bitcoin reserves in self-mining milestone In 2022, Celsius, among several crypto lenders, faced a collapse, leading to its...

Author: @tmel0211 Original Article Link: https://twitter.com/tmel0211/status/1736264350770643075 Engraving texts on zkSync, the short-term surge in transactions was indeed a “stress test” of layer2 public chain performance, but it didn’t result in a “crash.” On the contrary, it was an open drill for @zksync, successfully withstanding tests like peak TPS and GAS stability. This might sound counterintuitive at first, so let me clarify with technical logic: zkSync’s block production works as follows: Users create transactions that enter zkSync Sequencer’s sorting sequence. Sequencer then packages these based on Gas Fee, sends them to the Proof system for validation, and finally submits them to the mainnet for finality confirmation. There are two key points that could lead to a perceived “poor experience”: 1) User transaction creation: Most users initiate transactions via wallets like Metamask. However, transactions first enter RPC remote call servers, leading to queueing time ranging from...