Two more top executives are leaving Binance.US, one day after the departure of CEO Brian Shroder and the layoff of a third of its staff, The Wall Street Journal reported. Binance.US is the United States offshoot of the international cryptocurrency exchange. Head of legal Krishna Juvvadi and chief risk officer Sidney Majalya were said to
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Capital outflows in the crypto industry reached $55 billion in August, according to a report released by crypto exchange Bitfinex. The analysis is based on the aggregate realized value metric, which measures the realized capital of Bitcoin (BTC) and Ether (ETH) with the combined supply from the top five stablecoins: Tether (USDT), USD Coin (USDC),
In the latest episode of Cointelegraph’s Market Talks, host Ray Salmond speaks with Jamie Coutts, a chartered market technician and crypto market analyst at Bloomberg Intelligence. When asked whether Bitcoin’s (BTC) pre- and post-halving price action could differ from previous cycles due to a change in global monetary policy, Coutts said: “I’ve been writing about
Matter Labs recently announced the launch of a new ecosystem portal for zkSync, managed by DappRadar, in what both partners are calling a step towards fully decentralizing the protocol. zkSync is a layer-two blockchain for Ethereum payments. It was created by Matter Labs as a method for scaling the Ethereum blockchain ecosystem. It currently boasts
Crypto winter continues sparking consolidation among crypto firms. The latest deal in the industry is the acquisition of payments and accounting platform Gilded by one of its competitors, Bitwave. According to a statement shared with Cointelegraph, the acquisition is expected to enhance Bitwave’s enterprise solutions, including crypto payments and invoicing features, as well as tools
For a long time, Solana (SOL) has been associated with the founder of now insolvent crypto exchange FTX and hedge fund Alameda Research, Sam Bankman Fried. He was an early investor in the project and invested in numerous Solana ecosystem projects during the 2020-2021 bull mania. So when FTX collapsed toward the end of 2022,
Roni Cohen-Pavon, the former chief revenue officer of cryptocurrency lending firm Celsius, has reportedly pleaded guilty to charges related to fraud and price manipulation. According to a Sept. 13 filing in the United States District Court for the Southern District of New York, Cohen-Pavon pleaded guilty to conspiracy to commit price manipulation, securities fraud, manipulation
A chorus of disapproval rang out from the halls of the United States Congress on Sept. 14 as the House of Representatives Financial Services Committee digital assets subcommittee held a hearing on the “digital dollar dilemma.” Five expert witnesses were scheduled to testify at the hearing, and all of them argued against creating a U.S.
Data shows the Ethereum leverage ratio has been going up recently, something that may lead to higher volatility for the asset’s price. Ethereum Estimated Leverage Ratio Has Risen To 23% Now As explained by an analyst in a CryptoQuant Quicktake post, the Ethereum leverage ratio is pointing at increased risk in the market. The “estimated
Bitcoin (BTC) headed higher into the Sep. 14 Wall Street open despite fresh macro data showing resurgent United States inflation. BTC/USD 1-hour chart. Source: TradingView Bitcoin gains while U.S. PPI beats forecast Data from Cointelegraph Markets Pro and TradingView followed BTC price action as it made new September highs, topping out at $26,762. Bitcoin built
Criticisms aimed at the perceived centralization of Ethereum (ETH) staking pools may finally be quelled by an alternative staking infrastructure that aims to improve private key security and reduce validator down times and slashing penalties. Speaking exclusively to Cointelegraph, SSV.network founder Alon Muroch outlined how the platform’s distributed validator technology (DVT) developed in partnership with the
European Union president Ursula von der Leyen announced a new initiative to give artificial intelligence (AI) startups expedited access to European supercomputers. The announcement came during the president’s 2023 E.U. State of the Union address on Sep. 13. We have to ensure AI develops in a human-centric, transparent and responsible way. I believe , together
While moving to proof-of-stake (PoS) contributes to changing the narrative of blockchains being harmful to the environment, there are still many things that the Web3 ecosystem can do to tackle climate change, according to Marek Olszewski, CEO of Celo — an Ethereum layer-2 scaling solution. Cointelegraph editor Zhiyuan Sun spoke with Olszewski about the threat
Polygon Labs’ vision of an interconnected layer-2 Ethereum ecosystem powered by zero-knowledge cryptography begins in earnest following three inaugural improvement proposals that will begin the transition to Polygon 2.0. The scaling technology firm unveiled Polygon 2.0 in June 2023, outlining plans for a scaling ecosystem made up of four protocol layers. The staking, interop, execution and
South Korean Bitcoin (BTC) lender Delio is reportedly preparing for an administrative lawsuit against regulators for the wrong interpretation of the law, leading to an investigation and a hefty fine against the crypto lending firm. Delio said the allegations of fraud and embezzlement levied by the Financial Service Committee (FSC) are baseless, according to a
PUBG meets Cosmos Krafton, the company behind PlayerUnknown’s Battlegrounds (PUBG), is venturing into Web3 with Settlus, a Cosmos-based blockchain project specifically designed for the creator economy. Settlus aims to provide content creators with a payment platform that streamlines transparent settlement processes. The South Korean gaming giant’s project was announced at the Korea Blockchain Week’s Circle
The German bank was one of a handful of company’s to invest in a $65 million, series B fundraising round for Taurus in Feb. 2023. The company offers enterprise-grade infrastructure to issue, manage custody and trade cryptocurrencies, tokenized assets, nonfungible tokens (NFTs) and other digital assets. According to Taurus co-founder Lamine Brahimiaurus, the partnership underwent
Through an examination of Ethereum’s (ETH) on-chain activity, market intelligence platform Santiment has published a report indicating that the count of daily active Ether addresses experienced a notable increase, reaching around 1,089,893 on Sept. 13. This recent upsurge represents the second-highest number of daily active addresses ever recorded in Ethereum’s history. The highest count was
In July, the American state of Wyoming shared an open job position for the head of its Stable Token Commission. The executive will work alongside Wyoming’s governor, state auditor, state treasurer and four expert appointees to bring the state’s very own stablecoin to life. While Wyoming was the first to pass a law on a
A Bitcoin (BTC) miner who mistakenly received 20 BTC — worth over $500,000 — from crypto exchange Paxos for settling a 0.008 BTC ($200) transaction is now reconsidering their decision to return the jackpot to its rightful owner. On Sept. 13, Paxos revealed to Cointelegraph that it overpaid the BTC network fee on Sept. 10,