Crypto

 Smaller, lesser-known digital currencies are outperforming Bitcoin after the breathtaking surge by the market bellwether in recent weeks.  Cardano surged as much as 30% on Friday, while Solana gained about 8% and Avalanche increased 12%. Meanwhile, Bitcoin was up about 2% and Ether was down around 1%. Combined, the two largest tokens account for about 70% of crypto's $1.6 trillion market capitalization.  “After the huge rallies Bitcoin and Ethereum have seen, it's not a surprise that they're taking a bit of a sideways…

Binance has withdrawn an application for an Abu Dhabi licence, the latest sign that the giant crypto exchange is reassessing its global structure as regulatory pressures mount.The Binance unit, called BV Investment Management, pulled the application with Abu Dhabi's financial regulator, a spokesperson for Binance said on Thursday.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB…

One attraction of Binance, as the company grew from its 2017 founding into the biggest cryptocurrency exchange in the world, was the firm's freewheeling flouting of rules. As it amassed well over 100 million crypto-trading users globally, it openly told the United States government that, as an offshore operation, it didn't have to comply with the country's financial regulations and money-laundering laws.Then, late last month, those years of brushing off US regulators caught up with the company in the form of one the most…

Too Long; Didn't ReadWelcome to the Crypto Trading Writing Contest by BYDFi and HackerNoon. This is your chance to share your learning journey on the topic or flaunt your projects, case studies, and expert knowledge and win $1,000! Share your experiences, analyses, or groundbreaking approaches to navigating the crypto markets. We highly encourage you to write on your thoughts and experiences with crypto markets, crypto exchanges, dervatives, and crypto derivatives trading. Too Long; Didn't ReadWelcome to the Crypto…

Crypto Adoption rates dropped in Q1 & Q2 2023: After setbacks last year, grassroots crypto adoption (average, everyday people adopting crypto) dipped in Q1 and Q2. Activity has however rebounded fueled by U.S. Bitcoin Spot ETF speculations.Read All Crypto Adoption rates dropped in Q1 & Q2 2023: After setbacks last year, grassroots crypto adoption (average, everyday people adopting crypto) dipped in Q1 and Q2. Activity has however rebounded fueled by U.S. Bitcoin Spot ETF speculations.Read All FOLLOW US ON…

A new front has emerged in Israel's fight against the funding of Iran-backed militant groups from Hamas to Hezbollah: A fast-growing crypto network called Tron.Quicker and cheaper than its larger rival Bitcoin, Tron has overtaken its rival as a platform for crypto transfers associated with groups designated as terror organizations by Israel, the United States and other countries, according to interviews with seven financial crime experts and blockchain investigations specialists.Elevate Your Tech Prowess with High-Value…

Too Long; Didn't ReadColombia’s finance minister announces plans for a Central Bank Digital Currency (CBDC), along with a bill to regulate cryptocurrencies. “We will have a digital currency, and the primary issuer will be the central bank,” said Ricardo Bonilla. ‘You could have a potentially darker world where the government decides that units of central bank money can be used to purchase some things, but not other things that it deems less desirable like say ammunition, or drugs, or pornography’ Too Long; Didn't…

Twelve applications for spot bitcoin ETFs are awaiting approval from the SEC. Delays are commonplace, but the agency is due to make a call on some of the applications as early as January 1, 2024. The three ETF analysts who spoke to WIRED expect the SEC to green-light a spot bitcoin ETF at some point next year.In Canada, Germany, and elsewhere, spot bitcoin ETFs already exist. And US investors have had access to bitcoin futures ETFs, the value of which are correlated with the price of bitcoin, since 2021. The approval of a…

The crypto bubble may have burst, but innovation in fintech, Web3, and the blockchain has far from fizzled out. The solutions that companies both big and small are building will transform commerce across the world, from the way bus riders choose their routes in Seattle, to how soybean farmers finance their crops in Brazil.NavanFor making a slicker corporate credit cardNavan‘s corporate credit card offers employees frictionless spending while providing companies with real-time visibility and control of expenses. Three…

Hussain Elius is best known as the co-founder of Pathao, one of Bangladesh’s top ride-sharing apps. For his latest startup, however, Elius is exploring the world of DeFi with Wind.app, a self-custodial, smart contract wallet with three main features. The first is enabling businesses to send payments to remote employees around the world. The second is allowing people to use Wind.app as a virtual bank account. And the third is is the on-ramp/off-ramp infrastructure that the company is building to enable users to change…