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Declining Demand for Binance’s BUSD Represents New Chapter in Stablecoin Wars

The largest crypto exchange’s Binance USD stablecoin endured $5.5 billion net redemptions in a month amid concerns about Binance. Top rivals USDT and USDC picked up market share. Binance, the world’s largest crypto exchange, made a big push last year to promote its own stablecoin, BUSD, over those of rivals. But recent speculation over the

Bitcoin teases weekly highs as traders eye BTC price leg up to $17.3K

Bitcoin has the ability to tackle the $17,000 mark for the first time in 2023 should stocks start the year right, say traders. Bitcoin BTC $16,844 inched closer to $17,000 on Jan. 3 as the first Wall Street open of the year loomed. Consensus builds for fresh attack on $17,000 Data from Cointelegraph Markets Pro

$8K dive or $22K rebound? Bitcoin traders anticipate Q1 BTC price action

Anything could happen in the coming weeks and months when Bitcoin attempts to break out of its post-FTX trading range. Bitcoin BTC $16,538 is approaching the end of 2022 at levels not seen in over two years — what do traders think will happen next? BTC price reeling from USD strength Currently down 15% in

Bitcoin price would surge past $600K if ‘hardest asset’ matches gold

The coming decade could be Bitcoin’s time to copy gold’s 1970s breakouts, says Capriole Investments. Bitcoin BTC $16,595 is due to copy gold’s explosive 1970s breakout as it becomes the world’s “hardest asset” in 2024. That was one forecasted from the latest edition of the Capriole Newsletter, a financial circular from research and trading firm

Robert Kiyosaki Buys More Bitcoin Right Now, Here’s Why

It would have seemed that the year 2022 would end without a final opinion on Bitcoin and cryptocurrencies by Robert Kiyosaki, the author of the bestselling business motivational literature “Rich Dad Poor Dad,” but on the last day of the year the writer reported his current point of view in this field. Kiyosaki is, first

Executives from $1.5B South Korean crypto exchange fraud jailed

The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO was previously sentenced to a 22-year prison term. Six executives involved in the $1.5 billion (2 trillion won) South Korean crypto exchange fraud V Global have received prison sentences of up to eight years —

UNISWAP TOPS OTHER BIG CRYPTO IN SOCIAL DOMINANCE DESPITE PRICE DROP

Uniswap (UNI) has surged in the social dominance department, peaking on December 25 at 20.46%. Uniswap is seen to win the popular vote as it topples other cryptocurrencies in the social arena. Here’s a quick look at how it is performing: • UNI price drops 1.26% • Uniswap critical support spotted at $5.09 • UNI

North Korea has hacked $1.2 billion in crypto and other assets for its economy

SEOUL, South Korea — North Korean hackers have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrency and other virtual assets in the past five years, more than half of it this year alone, South Korea’s spy agency said Thursday. Experts and officials say North Korea has turned to crypto hacking and other illicit

French investors sued Binance for over 2.4 million euros in losses

Binance France and Binance Holdings Limited are being sued over alleged misleading commercial practices and fraudulent concealment. Binance France and its parent company Binance Holdings Limited are being sued by 15 investors in France over alleged misleading commercial practices and fraudulent concealment, according to local media reports. In a complaint filed on Dec. 14, the

Twitter adds BTC and ETH price indexes to search function

Twitter searches for “$Bitcoin,” “Bitcoin price” and “BTC price” pulls up a price chart, with equivalent searches working for Ethereum too. Social media platform Twitter has added a new crypto feature that enables users to search the price of Bitcoin (BTC) and Ether (ETH) simply by typing their names or tickers into the search tab.

Top-five most Googled cryptocurrencies worldwide in 2022

Bitcoin remains the most-searched cryptocurrency in 2022 by far thanks to its top-brand status and being in a league of its own when it comes to decentralization. Cryptocurrencies have suffered immensely in 2022 from the onslaught of a hawkish Federal Reserve and the implosions of crypto platforms FTX, Terra, Celsius Network, and others. What were

Caroline Ellison admits to concealing billions of dollars of FTX loans

The Alameda Research CEO created an unlimited borrowing arrangement with FTX. FTX associate Caroline Ellison admitted during her plea deal that she concealed billions of dollars worth of loans, according to a Reuters report on Dec. 23. As the former CEO of Alameda Research, Ellison reached an arrangement with former FTX CEO Sam Bankman-Fried that

Visa dreams up plans to let you auto-pay bills from your crypto wallet

Automatic payments for bills are commonplace in the traditional banking world and Visa has proposed a way to mimic the service using blockchain technology. Crypto-users may one day be able to automatically pay their electricity and telephone bills through their self-custodial crypto wallets, according to payments giant Visa. In a Dec. 20 blog post, Visa’s

Police body cam leaks suspect’s seed phrase during vehicle inspection

A viral video making rounds on Twitter showed two police officers searching a suspect’s car and coming across pieces of paper, one of which contained seed phrases. While self-custody is considered the ultimate way to secure one’s funds, many fail to acknowledge the risks associated with physically storing seed phrases. A search conducted by the

Bitcoin Addresses Tied to Defunct Canadian Crypto Exchange QuadrigaCX Wake Up

More than 100 BTC tied to QuadrigaCX moved out of cold storage wallets over the weekend. Quadriga’s bankruptcy trustee said three years ago it did not control those wallets at the time. More than 100 bitcoins tied to the defunct Canadian crypto exchange QuadrigaCX were transferred out of cold wallets thought to be beyond anyone’s

BINANCE IN PANIC: BILLIONS VANISHED IN ONE DAY

Now that Binance is in the spotlight, The most popular cryptocurrency exchange in the world has chosen to halt withdrawals from USDC. It’s a stablecoin connected to the dollar. A campaign to stop the panic that has gripped investors from getting worse. Binance has had billions of dollars taken from its platform in a single

Record-breaking Bitcoin whale selloff, 280k BTC offloaded in 30 days

Whales sell pressure breaks record for highest amount of BTC sold within a 30-day period, impacting market. It is estimated that whales currently hold around 9 million BTC, representing a significant portion of the total BTC supply.  Whales holding 1,000 to 10,000 BTC have 3.6 million BTC.  Whales holding 10,000 to 100,000 BTC

Ex-Twitter employee selling users’ private info to Saudi government arrested, jailed

Former Twitter Employee Sentenced to 42 Months in Federal Prison for Acting as a Foreign Agent Defendant was Convicted After Trial of Participating in Fraudulent Scheme to Access, Monitor and Convey User Information to Saudi Royal Family and The Kingdom Of Saudi Arabia WASHINGTON – A California man was sentenced yesterday to 42 months in

3 Altcoins Under $1 to Keep Eye On

With the arrival of another new year, cryptocurrency investors are getting ready to look for new projects that can grow in 2023. Altcoins under $1 are also on the radar of crypto investors and, in this article, you will learn about three cryptos that have immense development potential in the coming year. ImmutableX (IMX) ImmutableX

2017: South Korean crypto news

Seonik Jeon, CEO of Financial News and founder of Factblock, says that prior to 2017, the only time South Korea made international news was when North Korea was firing missiles. “However, as the blockchain market began in Korea, around 2017 and 2018, the amount of searching for blockchain and Korea together increased significantly,” he explains.

Binance offloaded $140M in Bitcoin in the last 24 hours

The exchange also lost $32 million in Ethereum, $200 million in Binance USD and Tether, and $300 million in USD Coin. In the meantime, nearly $32 million worth of Ethereum (ETH), $300 million worth of USD Coin (USDC), and $200 million in both Binance USD (BUSD) and Tether (USDT) were withdrawn. The total withdrawals equate