The cryptocurrency market recently experienced events that were previously expected to present a severe negative price impact, and yet, Bitcoin (BTC) trades near $37,000 on Nov. 22, which is essentially flat from three days prior.

Such performance was utterly unexpected given the relevance of Binance’s plea deal on Nov. 21 with the United States Authorities for violating laws involving money laundering and terror financing.

Bearish news has had limited impact on Bitcoin price

One might argue that entities have been manipulating Bitcoin’s price to avoid contagion, possibly involving the issuing of unbacked stablecoins–especially those with direct ties to the exchanges suffering from…

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In a Nov. 22 YouTube video, Cardano founder Charles Hoskinson reflected on the news that Binance CEO Changpeng “CZ” Zhao has stepped down from the exchange. Hoskinson claimed that this event represents “the end of an era.” He argued that entrepreneurs g will need to comply with regulation or else develop completely permissionless protocols that can’t be regulated.

The End of an Era https://t.co/d3AcHWu66C

— Charles Hoskinson (@IOHK_Charles) November 22, 2023

In the video, Hoskinson claimed that CZ was “part of a class of entrepreneurs in the cryptocurrency space that really epitomized the move fast, grow, and innovate side of things.” In the early days of crypto, Bitcoin…

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Taproot Wizards, the bitcoin ordinals startup that announced a $7.5 million round led by Standard Crypto last week, is bringing on the pseudonymous developer Rijndael as its chief technology officer.

Co-founded by Udi Wertheimer and Eric Wall, Taproot Wizards is a generative art collection inscribed with bitcoin ordinals, a recent add-on to the network that lets data be inscribed as NFTs and other digital collectibles. 

Bitcoin ordinals have seen a November spike in popularity, spurring nearly $30 million in transaction fees since Nov. 4, per Blockworks Research. Largely due to blockspace demand created by ordinals, bitcoin transaction fees have become more expensive than Ethereum’s…

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Traders hate uncertainty; hence, the settlement between Binance, Changpeng “CZ” Zhao and the United States Department of Justice is likely to be viewed as a positive for the cryptocurrency space. Analysts largely remained positive on the deal, but a few sounded cautious due to the Securities and Exchange Commission’s pending lawsuit against Binance.

Bitcoin (BTC) and several major altcoins fell sharply on Nov. 21 following the Binance news but are finding support at lower levels. This suggests that traders stepped in after the initial knee-jerk reaction, and are buying at lower levels. After the initial bounce, the bulls are likely to head into stiff opposition from the bears.

Daily… Read more on Cointelegraph

More than $86.6 million in cryptocurrencies were illicitly moved from the HECO Chain bridge to questionable addresses, indicating a possible ongoing breach of the bridge.

Tron’s TRON/USD founder Justin Sun has assured that HTX will cover all losses users suffered due to this security breach.

The company has also halted all deposits and withdrawals temporarily while they conduct a thorough investigation. Sun says normal operations will resume once the investigation is complete.

Also Read: Will Bitcoin ETFs Be The Missing Piece To Going Mainstream? Pantera CEO Thinks So
Blockchain security firm PeckShield initially raised the alarm by identifying a transaction in which approximately $19…

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Representatives from BlackRock and the Nasdaq met with the United States Securities and Exchange Commission to discuss the proposed rule allowing the listing of a spot Bitcoin (BTC) exchange-traded fund, or ETF.

According to a Nov. 20 SEC memo, BlackRock provided a presentation detailing how the firm could use an in-kind or in-cash redemption model for its iShares Bitcoin Trust. It’s unclear how SEC officials responded to the two proposed models or if they intend to approve a spot BTC ETF after numerous delays and rejections.

Looks like @BlackRock also met with SEC! There’s a couple slides in relation to in-kind vs cash creation. Based on this it looks like BlackRock prefers in-kind…

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Crypto markets stabilized Wednesday after a brief dip Tuesday following news that Binance and former CEO Changpeng Zhao had entered into an agreement with the US government, terms of which include Zhao’s guilty plea and a payment of $4.3 billion in fines and forfeitures from Binance. 

Bitcoin and ether posted gains this morning, rallying around 2% and 5%, respectively. Stocks also opened in the green, with the Nasdaq Composite up around 0.8% and the S&P 500 gaining about 0.6% in the half hour after the open. 

Crypto’s rally is not surprising, analysts say, as Binance’s settlement with the US Department of Justice is largely being perceived as a step in the right direction, and…

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HTX, formerly Huobi Global, suffered an estimated loss of $13.6 million as part of the $86.6 million HECO Chain bridge exploit on Nov. 22. 

According to a report by blockchain security firm Cyvers, the losses stem from three compromised hot wallets with users and exchange assets swapped for Ether and distributed to various Ethereum addresses thereafter. Among other coins and tokens, Cyvers says that 1,240 Ether (ETH), 7.3 million Tether (USDT), 1.78 million USD Coin (USDC), and 62,200 Chainlink (LINK) were drained during the attack. 

Justin Sun, de-facto owner of HTX and founder of Tron and BitTorrent, both related entities, stated shortly after the exploit that “HTX Will Fully…

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