Markets commentator Jim Cramer has tacitly admitted he was wrong about Bitcoin (BTC), saying he was premature in calling for investors to sell the cryptocurrency. 

In a Nov. 22 segment of his CNBC Mad Money show, Cramer responded to a caller who inquired about buying shares in Bitcoin miner CleanSpark, saying that anyone who likes Bitcoin should increase their exposure to it.

“Look, if you like Bitcoin, buy Bitcoin. That has always been my view. And for a while, I liked it, and I decided that money had been made, but I was premature.”

Cramer added that despite not having made perfect calls on Bitcoin previously, he’d still “made a lot of money” from his investment in it.

On Dec….

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The market has already entered the first phase of a major rally, with the number of people buying crypto trickling upward which is expected to accelerate early next year, say the heads of Australia’s largest crypto exchanges.

Independent Reserve CEO Adrian Przelozny told Cointelegraph he expects market activity to see an uptick in early 2024 and is hiring to build infrastructure before that happens.

“We’re just doing everything we can to get ready for a bull market because we know that when the bull market comes, it happens very fast,” he said. “You need to make sure you have the processes, people, and infrastructure in place so when your business triples overnight, you can…

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The crypto trading days of former FTX CEO Sam Bankman-Fried are over, and the recently convicted founder has found a new thing to trade while in jail — fish. 

The Wall Street Journal reported on Nov. 23 that Bankman-Fried recently traded four packets of Mackerel — known in prison as “macks” — for a haircut before his criminal trial last month.

Mackerel packets have risen to be the hottest trading commodity in United States prisons since tobacco products were banned. Postage stamps and soup packets — “soups” — respectively come second and third on the value hierarchy. The commissary of the Metropolitan Detention Center (MDC) where Bankman-Fried is housed sells mackerel…

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Social media platform X — formerly Twitter — restricted the account of former Binance CEO Changpeng “CZ” Zhao without explanation other than suggesting “they may have potentially violated the X Rules.”

On Nov. 23, X users could briefly view CZ’s account only after clicking on a button to acknowledge it was “temporarily restricted.” Zhao resigned as CEO of crypto exchange Binance on Nov. 21 as part of a settlement with U.S. authorities in which he pleaded guilty to one felony charge.

According to a Nov. 23 update from Zhao following the event, the former Binance CEO speculated that the restriction was an automated response to him changing his profile name from “CZ…

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President-elect of Argentina Javier Milei ran on a promise of economic change. The shape of the transformation will only become known after his inauguration on Dec. 10, but stablecoins will play an important role in Argentinians’ financial lives no matter what happens, Ripio CEO Sebastián Serrano told Cointelegraph en Español.

Argentina’s crypto community has responded with great enthusiasm to the election of the former economics professor, Serrano said. Argentina-based cryptocurrency exchange Ripio saw a 180% rise in new users in October and a 110% week-on-week increase in new users on Nov. 19, the day of the runoff election that brought Milei to power.

An Argentine banknote…. Read more on Cointelegraph

The crypto ecosystem has achieved an array of major technology milestones over the past year. 

Despite a series of unfortunate events in 2022 — with the collapse of the Terra ecosystem, and then later the bankruptcy of Sam Bankman-Fried’s FTX — the blockchain tech space proved resilient in 2023.

In particular, we’ve seen developments in the infrastructure and technology sectors with new innovations designed to make blockchains faster, more secure and private. 

Major advancements in zero-knowledge technology 

This year marked the launch of a series of zero-knowledge (zk) rollups. 

First, we saw the launch of zkSync Era, followed closely by Polygon’s zkEVM, later Linea, and…

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The attacker who drained $46 million from KyberSwap relied on a “complex and carefully engineered smart contract exploit” to carry out the attack, according to a social media thread by Ambient exchange founder Doug Colkitt. 

Colkitt labeled the exploit an “infinite money glitch.” According to him, the attacker took advantage of a unique implementation of KyberSwap’s concentrated liquidity feature to “trick” the contract into believing it had more liquidity than it did in reality.

1/ Finished a preliminary deep dive into the Kyber exploit, and think I now have a pretty good understanding of what happened.

This is easily the most complex and carefully engineered smart contract…

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Amid ongoing campaigns for the elections in 2024, many United States lawmakers have not sealed the deal on legislation aimed at establishing regulatory clarity on aspects of the digital asset space, including stablecoins.

Speaking with Cointelegraph at the North American Blockchain Summit on Nov. 16, Consensys senior counsel and director of global regulatory matters Bill Hughes said it was “an exciting time in the policy world” as members of Congress considered which crypto bills they planned to support. Hughes said legislating on stablecoins should be a “no-brainer” for lawmakers once they resolved issues related to state-level regulators.

“Stablecoins are a huge part of the…

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