Month: November 2023

The United States Financial Services Committee (FSC) has scheduled a Nov. 15 hearing for a deep dive into the illicit activities in the cryptocurrency ecosystem. The hearing, ‘Crypto crime in context: breaking down the illicit activity in digital assets,’ will feature prominent crypto entrepreneurs as attendees. According to the Committee’s calendar, Mr. Bill Hughes, senior
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Gresham’s law, explained Gresham’s law has historically influenced the circulation of currency and continues to impact economic behavior by addressing how individuals prioritize different forms of money. Gresham’s law is a principle in economics that states that when two different forms of money are in circulation, individuals typically spend or trade the money they believe
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An anonymous group of hackers claims to have stolen personal information for about 300,000 customers of the Bitcoin (BTC) ATM company called Coin Cloud, the pseudonymous cybersecurity account Vx-underground posted on X (formerly Twitter). An unknown Threat Actor(s) claim to have compromised Coin Cloud. They allege to have exfiltrated 70,000 customer selfies (via ATM cameras),
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Australian authorities will oblige local companies to be fully transparent and report any ransomware cyberattacks on their businesses. The country’s economy lost $2.59 billion to cybercrimes in 2021.  As reported by the Australian on Nov. 13, the national cybersecurity strategy, which will be revealed this week, will feature a mandatory system under which local businesses
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Top Stories This Week CME overtakes Binance to grab largest share of Bitcoin futures open interest Bitcoin’s futures market is showing an interesting shift as global derivatives marketplace the Chicago Mercantile Exchange (CME) has surpassed Binance in terms of Bitcoin futures open interest. This change occurred after Bitcoin exceeded the $37,000 mark for the first
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Cryptocurrency exchange Binance is progressing with its exit from Russia and is preparing to terminate local currency deposits next week. Binance will stop accepting deposits in Russian rubles (RUB) starting Nov. 15, 2023, the firm officially announced on Friday. Binance also advised users to withdraw RUB from the platform as it expects to terminate RUB
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The legal showdown between Ripple and the United States Securities and Exchange Commission (SEC) has had several twists and turns in the past few weeks. In the latest development, both parties filed a joint brief schedule for remedies discovery and briefing on Thursday, November 9. As expected, this step has sparked different reactions from various
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Attorney John Deaton, representing XRP holders, has made a persuasive case in the Ripple vs. SEC legal saga, suggesting that the anticipated $770 million disgorgement for Ripple is improbable. He grounds his prediction on various influential factors that could sway the court’s judgment. Deaton underscores the significance of the Supreme Court’s Morrison ruling, which effectively
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The price of Solana (SOL) has soared 40% this week to establish a new 2023 high at around $58.  That is Solana’s best weekly performance since January 2023. Many factors have contributed to the gains, including a general cryptocurrency market uptrend led by Bitcoin ETF euphoria and growing appetite for risk overall. Solana (SOL) weekly price chart.
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