Argentina’s Bitcoin (BTC)-friendly Javier Milei won the country’s presidential run-off election on Nov. 19, beating out his opponent Sergio Massa.

With almost 99% of the vote counted, Milei won over 55% of the votes with a nearly 3 million vote lead according to Bloomberg data.

Massa, the country’s minister of economy, called Milei to congratulate him on the victory after more than 90% of the votes were counted — before the announcement of the first official results. Milei will take office on December 10.

With nearly 100% of the vote counted, Milei had an over 10 percentage point lead on Massa. Source: Bloomberg

Argentina’s long-lasting inflation crisis has been a heated topic in the…

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Bitcoin (BTC) has been consolidating above $35,000 for several days, but the bulls have failed to resume the uptrend above $38,000. This suggests hesitation to buy at higher levels. BitGo CEO Mike Belshe said in a recent interview with Bloomberg that there is likely to be another round of rejections of the spot Bitcoin exchange-traded fund applications before they are finally approved.

Multiple analysts believe Bitcoin will enter a correction in the near term, with the worst outcome projecting a drop to $30,000. However, the fall is unlikely to start a bear phase. Look Into Bitcoin creator Philip Swift said that on-chain data suggests that the Bitcoin bull market is still in its early…

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It wasn’t a great week for Binance’s crime divisions.

Binance’s senior counter-terrorism official Jennifer Hicks left the company this week, according to an update on her LinkedIn. Hicks’ departure comes just two months after she was tapped to lead the crypto firm’s first-ever counter-terrorism finance advisory. 

Also this week, a former Binance financial crime investigator named Suleiman M. announced on LinkedIn that he had also left the exchange. 

Hicks and Suleiman could not be reached for comment, but the latter chalked the departure up to “recent redundancy” in his public LinkedIn post. Hicks both commented and re-shared Suleiman’s LinkedIn post, praising his…

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Decentralized crypto exchange dYdX has disclosed new measures to mitigate trading-related risks after burning $9 million of its insurance fund on Nov. 17 to cover users’ losses.

According to an announcement on X (formerly Twitter), the exchange increased margin requirements on several “less liquid markets,” affecting tokens such as Eos (EOS), 0x Protocol (ZRX), Aave (AAVE), Algorand (ALGO), Internet Computer (ICP), Monero (XRM), Tezos (XTZ), Zcash (ZEC), SushiSwap (SUSHI), THORChain (RUNE), Synthetix (SNX), Enjin (ENJ), 1inch Network (1INCH), Celo (CELO), Yearn.finance (YFI), and Uma (UMA).

dYdX triggered its insurance fund to cover users’ trading losses on Nov. 17 after a…

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ChatGPT developer OpenAI has removed founder Sam Altman from his CEO position, according to a Nov. 17 blog post. Chief technology officer Mira Murati will be promoted to interim CEO. According to the post, the board of directors engaged in a “deliberative review process,” which resulted in the conclusion that Altman “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.”

Altman could not immediately be reached for comment.

OpenAI announces leadership transition https://t.co/fFYDLwGXQz

— OpenAI (@OpenAI) November 17, 2023

OpenAI’s board said it remains committed to building artificial intelligence (AI)…

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Amid a funding dry spell, this week saw three of the largest crypto raises in recent months.

Crypto exchange and wallet service Blockchain.com raised $110 million in a Series E round led by Kingsway, the parent company of crypto exchange OSL raised $91 million via a share subscription, and tokenized currency firm Fnality announced a $95 million round led by Goldman Sachs and BNP Paribas. 

The raises came with crypto mired in a funding slump, seeing consecutive quarterly declines in venture capital dating back to the start of 2022. 

Blockchain.com’s $110 million round is the year’s fourth-largest fundraise, following Blockstream, LayerZero, and Worldcoin, according to DeFiLlama…

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