Day: November 20, 2023

US wants over $4B from Binance to end criminal case: Bloomberg

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[ad_1] The US Department of Justice is looking for $4 billion from Binance as settlement over the prolonged investigations against the crypto exchange. Bloomberg says in a report that talks between the DOJ and Binance have been ongoing for a while and could end within weeks. The US government is reportedly seeking over $4 billion from Binance, the world’s largest cryptocurrency exchange by trading volume, in order to settle the criminal investigation against it.  The US Department of Justice and Binance have held discussions over this, Bloomberg News said in…

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SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

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[ad_1] The S&P 500 Index (SPX) rose 2.24% last week, its third consecutive weekly gain. In comparison, Bitcoin (BTC) managed a minuscule gain of 0.8%, indicating consolidation below $38,000. The prospects for risky assets remain bullish as the United States Dollar Index has started to turn down.  Cryptocurrency investors have not parted with their Bitcoin holdings even after the 125% rally in 2023, indicating their long-term bullish view. Reflexivity co-founder William Clemente posted a chart sourced from Glassnode to X (formerly Twitter), which showed that 70% of Bitcoin in circulation…

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Ethereum-Based Decentralized Exchange dYdX Suffers $9,000,000 Loss in an Alleged ‘Market Manipulation Attempt’

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[ad_1] An Ethereum-based (ETH) decentralized exchange (DEX) has suffered millions of dollars in losses after an alleged market manipulation attempt by a rogue user. In a new thread on the social media platform X, the DEX protocol dYdX says that $9 million from its insurance fund was used to fill gaps in liquidations processed in the recent yearn.finance (YFI) correction but notes that no customer funds were affected. “Last night about $9 million from the dYdX v3 insurance fund was used to fill gaps on liquidations processed in the YFI…

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DFINITY and SingularityNET partner to advance decentralised AI infrastructure

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[ad_1] The DFINITY Foundation and SingularityNET are eyeing decentralised AI infrastructure The project will integrate the Internet Computer blockchain with the SingularityNET marketplace. SingularityNET CEO Dr. Ben Goertzel says the collaboration aims to develop infrastructure for decentralised AI and AGI that benefits all of humanity. The DFINITY Foundation (DFINITY) and decentralised AI marketplace SingularityNET (AGIX) have announced a strategic partnership aimed at advancing the decentralised artificial intelligence (AI) infrastructure ecosystem. DFINITY and SingularityNET will use the collaboration to build the infrastructure that will bring decentralised AI services to dApps built…

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Analyst Says DeFi Altcoin Gearing Up To Revisit All-Time Highs, Updates Outlook on Solana, Cardano and Polkadot

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[ad_1] A closely followed crypto analyst says that one decentralized finance (DeFi) altcoin is setting the stage to revisit its all-time highs. Pseudonymous crypto strategist Rekt Capital tells his 369,500 subscribers on the social media platform X that the decentralized exchange (DEX) platform Injective Protocol (INJ) is positioning itself to skyrocket to its previous all-time high of around $21.40. “Injective just needs to stay above either $13.50 (orange) or $11.23 (green) to continue to position itself for a long-awaited revisit of the last major resistance before new all-time highs (red).” …

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ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms

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[ad_1] ARK Investment Management, a major cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn’t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States. ARK Invest, on Nov. 20, filed another amended prospectus for its spot Bitcoin ETF product developed in collaboration with the European digital asset manager 21Shares. Once approved, the ARK and 21Shares’ Bitcoin ETF, named the ARK 21Shares Bitcoin ETF, will be trading on the BZX Exchange by the Chicago Board Options Exchange (CBOE) under the ticker symbol…

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