Author: Coin Telegraph

The crypto exchange is one of the big winners from the United States elections on Nov. 5. 212 Total views 1 Total shares News COINTELEGRAPH IN YOUR SOCIAL FEEDShares of cryptocurrency exchange Coinbase Inc. (COIN) surged more than 20% on Nov. 11, pushing the stock past $300 for the first time since 2021.United States crypto stocks are seeing massive gains after Donald Trump’s victory in the presidential election, as many believe his win will benefit the industry, Cointelegraph Research said.“We see Coinbase as a beneficiary of the election results as the firm has been struggling with regulatory pressure from the SEC, with…

Binance Labs, the cryptocurrency exchange’s venture capital arm, has made its first investment in decentralized science (DeSci) with an investment in BIO Protocol, an accelerator that seeks to transform the financing and commercialization of health sciences.Diversifying the Binance venture portfolioBIO Protocol supports a network of Biotech Decentralized Autonomous Organizations (BioDAOs) that create communities to fund, develop and co-own new drugs and therapeutics. The BioDAOs address gaps in traditional funding in areas such as rare diseases, longevity research, and emerging health challenges, according to Binance Labs.Binance Labs’ investment, which was not disclosed, will expand the network by providing seed funding for…

Bitcoin (BTC) price entered a strong price discovery phase for the first time since December 2020, after its weekly chart closed above $80,000. BTC’s bullish structure has transpired from a short-term to a long-term outlook, and multiple analysts believe that an assortment of six-figure price targets will be attained sooner than later. Bitcoin could reach $125,000 by New Year’s EvePeter Brandt, a popular market analyst, highlighted that Bitcoin tends to repeat its bullish price action trends when it decides to “mark up.” The trader addressed BTC’s current move above previous ATH levels and suggested a $125,000 price target based on…

Investors expect cryptocurrency’s bull run to continue into 2025 and peak in the second half of the year, MV Global, a Web3 investing firm, told Cointelegraph on Nov. 11. Nearly half of investors anticipate a market top in the second half of 2025, MV Global said, citing a survey of 77 large cryptocurrency investors, including venture firms, hedge funds, and high-net-worth individuals.“This seems to be a very popular opinion and therefore very likely priced into markets,” noted Tom Dunleavy, a managing partner at MV Global.Flows by assets (in millions of US dollars). Source: CoinShares Related: Crypto inflows hit $1.98B amid…

BlackRock, the world’s largest asset manager, has seen the highest daily inflows into its spot Ether exchange-traded fund (ETF) in 94 days.BlackRock’s iShares Ethereum Trust ETF (ETHA) clocked $60.3 million in inflows on Nov. 8, the highest amount since Aug. 6, when it amassed $109.9 million, according to Farside data.BlackRock’s large inflows come amid ETH hovering near $3,000BlackRock’s significant inflow day came amid Ether’s (ETH) price hovering near the $3,000 price level for the first time since August, reaching a top of $2,971, according to CoinMarketCap data.At the time of publication, Ether is trading at $2,970.The significant inflows come just…

United States Senator Cynthia Lummis expressed support for President-elect Donald Trump’s proposal for a Bitcoin reserve after Trump won the 2024 US presidential elections on Nov. 5. Lummis, a Wyoming Republican and strong crypto advocate, highlighted her intention to pursue the legislation in the Senate, suggesting that the US acquire 1 million BTC — about 5% of its supply — and hold it for at least 20 years. This initiative builds on Trump’s idea that the government should hold, rather than liquidate, its seized Bitcoin assets. The proposal comes as Republicans prepare for Senate majority control​.Continue readingCalifornia revokes BlockFi’s license amid bankruptcy…

Norges Bank, Norway’s central bank, has endorsed the European Union’s Markets in Crypto-Assets Regulation (MiCA) as the country evaluates the potential adoption of a central bank digital currency (CBDC).Kjetil Watne, project director for Norges Bank’s CBDC project, said in an interview with Cointelegraph that Norway, as a member of the European Economic Area (EEA), welcomes MiCA’s framework. However, he noted that the bank is still considering “whether additional regulations are necessary to promote financial stability.”Watne explained that Norges Bank has “not yet decided” if it will issue a CBDC and is assessing how to “mitigate regulatory gaps related to decentralized…

The FTX bankruptcy estate is continuing its pursuit of lawsuits against cryptocurrency companies as part of its ongoing proceedings, with the latest filing targeting Binance.A group of firms involved in the FTX bankruptcy proceedings have initiated a lawsuit against cryptocurrency exchange Binance, seeking to recover $1.8 billion, according to a complaint filed on Nov. 10.In the filing, the plaintiffs argued that Binance, its former CEO Changpeng “CZ” Zhao and other Binance executives received at least $1.76 billion worth of cryptocurrency in a fraudulent transfer from FTX.FTX and Alameda “may have been insolvent from inception”The FTX estate claims the fraudulent transaction…

Cumulative monthly traffic to 20 leading crypto exchanges increased by 8% in October, reflecting heightened investor interest and increasing participation among retail traders heading into the 2024 United States elections.According to data from ICO Analytics, Pump Fun recorded the highest month-over-month increase in percentage terms — with 100% growth in October. BullX followed behind with a 78% growth in web traffic from September to October, and Uniswap came in third place with a 42% increase.Binance, WhiteBit, and Coinbase dominated monthly traffic in terms of total visits in October, at 54 million, 33 million, and 30 million, respectively.The increased traffic drove…

Bitcoin miner Hive Digital is upgrading its infrastructure as it begins construction of facilities in Paraguay, the fourth country it will operate in. The Nasdaq-listed Canadian miner has purchased 6,500 Canaan Avalon A1566 application-specific integrated circuits (ASICs) for delivery from December through March 2025.Hive Digital revs upThe first 500 new ASICs were delivered in the second week of November, with four more shipments coming through the first quarter of 2025. They will boost Hive Digital’s hash rate from 5.6 EH/s to 6 EH/s by March, the company said.Shortly after the completion of the ASICs delivery, 30 MW of mining capacity…