Binance, the world’s largest cryptocurrency exchange, announced yesterday its new platform called Binance Alpha to promote early-stage altcoin projects. Today, the first five altcoins selected for the Binance Alpha platform were announced. Accordingly, Binance Alpha announced the first group of projects as KOMA, Cheems, APX, ai16z, and AIXBT. While Binance Alpha is considered the pre-selected…
Cantonese Cat, a top analyst, forecasts the price of Dogecoin (DOGE) could surge to $0.74 based on a historical chart pattern from 2021. Meanwhile, Solana (SOL) has been consolidating within a narrow range in the past few weeks. Analysts forecast its price could skyrocket after it breaks out of the consolidation. In other news, DTX…
Japanese investment firm Metaplanet has forecasted its first consolidated operating profit in seven years, thanks to its pivot to Bitcoin. The Tokyo-based company revealed on December 18 that it expects to generate ¥890 million ($5.8 million) in revenue for the fiscal year ending December 31, a significant jump from ¥261 million the previous year. Operating…
Binance’s Australian arm comes under fire from Australian regulators that accuse the crypto exchange of falsely categorizing local clients as wholesale clients, exposing them to risky crypto assets. According to a press release published on Dec. 18, the Australian Securities and Investments Commission accused Binance Australia Derivatives of misclassifying more than 500 retail clients as…
Crypto index fund manager Bitwise has introduced a Solana staking exchange-traded product (ETP) in Europe under the ticker BSOL, as it awaits regulatory approval for its Solana exchange-traded fund (ETF) in the United States. According to a Dec. 18 announcement, the Solana (SOL)-based staking ETP has been listed on the Frankfurt Stock Exchange’s Xetra trading…
PENGU, the newly-launched cryptocurrency of the Pudgy Penguins ecosystem, suffered a sharp decline in value a day after it went live. At the time of writing, data from CoinGecko showed that the token had fallen by 57.8% within 24 hours to settle at $0.02892. Airdrop Aftermath The highly-anticipated airdrop launched on December 17 saw about…
On December 18, in a statement, Metaplanet revealed that it is looking to make about 890 million Japanese yen accounting for $5.8 million in revenue in this year. The company said it will carry on using put option sales as a main revenue driver. Put options are contractual deals that give the capability to the…
12h05 ▪ 3 min read ▪ by Fenelon L. An Ohio lawmaker, Derek Merrin, is proposing a groundbreaking law to create a strategic reserve of bitcoins within the State Treasury. In the face of the dollar’s devaluation and the rise of bitcoin, this initiative marks a turning point in institutional adoption in the United States….
Join Our Telegram channel to stay up to date on breaking news coverage Dogecoin (DOGE) has once again captured the spotlight as it trends at number ten on CoinMarketCap, trading at $0.40. Will Dogecoin hit $1 in this bull run? Currently, Dogecoin is up 7% for the day, down 4% for the week, and up…
Pudgy Penguins ($PENGU) Token Listing On Binance Resolved Pudgy Penguins (PENGU) Airdrop: Binance Fixes Glitch Recently it was reported that the PENGU token airdrop lost half its value post Dec.17 airdrop. The coin was listed on various exchanges including Binance. However, Binance has now fixed the token glitch, and even announced 135 million tokens to…
Mahe, Seychelles, December 18th, 2024, Chainwire Wanchain’s platform native token, $WAN, has been officially listed on the BYDFi crypto exchange. Users can now buy, sell, and manage $WAN through the BYDFi platform. Wanchain is the first decentralized blockchain interoperability solution in the world. It helps anyone to move their assets across 39 blockchains in secure,…
Bitcoin price today trades at $104,870.0 on 11 AM after hitting a daily high of $108,135.0 today after a -2.03% move on December 18. Will BTC continue its ascent to set up new highs? Will profit-taking tirgger a correction? Bitcoin Price Today: Why is BTC up? Bitcoin price today is down -2.03% and trades at…
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial…
UBS, a leading financial service provider, recently shared a new analysis on the US Dollar. The firm was quick to note the recent dollar rallies, adding more power to the currency, but has also predicted a mild scope of volatility that may cause disruptions in the US dollar’s long-term scaling plans. Also Read: $200K Bitcoin…
Between Sunday, December 25, and the time of writing, XRP whales have accumulated tokens worth $2.17 billion. This significant purchase has sparked speculation that XRP’s price could be ready to hit a new high with just a few days left before the year closes. However, amid the buying spree, on-chain data shows that some crypto…
Rongchai Wang Dec 17, 2024 06:49 Discover the workings of AI-driven content moderation, its importance in today’s digital landscape, and a comparative look at leading content moderation APIs. Content moderation has become a pivotal tool in managing the vast amounts of user-generated content across digital platforms. As…
Shareholders did not respond well after Japanese investment firm Metaplanet announced the addition of its Bitcoin Treasury Operations as a new core business line. Building on months of preparation and shareholder approvals, the company is doubling down on Bitcoin (BTC) as both a financial asset and revenue driver as the world’s largest crypto soars to…
A South Korean lawmaker has fallen from grace, sentenced to six months in prison for hiding $7.5 million worth of crypto. Kim Nam-kook, a former Democratic Party member, reportedly manipulated his asset declarations during his tenure in the National Assembly to cover up the fortune he amassed from crypto trading. During hearings at the Seoul…
Coinbase has thrown a legal argument against a lawsuit from Bit Global Digital Limited, which aims to overturn Coinbase’s choice to drop wrapped bitcoin (WBTC) from its exchange. Coinbase Defends Its Decision to Delist WBTC In a court filing submitted on Tuesday, Coinbase defended its action, claiming it was a necessary step to shield its…
Dentons, a global law firm with practices recently ranked Tier 1 by The Legal 500 in 2024, presented its Global Financial Markets Regulatory Review for the September 2024 edition. It provides critical regulatory developments in the financial markets around the world. This post will highlight legal developments in the financial market of the United States….