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news-imageNovember 9, 2024

Binance and Coinbase record $9.3 billion in stablecoin inflows following Trump's win

According to crypto analytics firm CryptoQuant, Binance and Coinbase recorded significant stablecoin inflows after Donald Trump's win. The firm highlighted that inflows of this magnitude were last experienced in 2020.
Publisher: Cryptopolitan
Sentiment: Positive
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cover-imageCryptoSlate
November 12, 2024

Fed Governor Waller questions CBDC utility for payments

Federal Reserve Governor Christopher Waller recently expressed skepticism about the need for a central bank digital currency (CBDC) in the US payment system Waller made the comments during a speech at The Clearing House Annual Conference 2024 on Nov. 12, where he questioned whether the system has a problem that CBDCs could solve.

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Positive
cover-imageCrypto Mufasa
November 12, 2024

DeFi Technologies Unveils SolFi to Drive Solana-Centric Investment Strategy

SolFi, a spin-off of DeFi Technologies, will concentrate on three key areas: proprietary trading, validator node operations, and ecosystem investments. SolFi aims to capitalize on the rising interest in Solana (SOL) by offering investors enhanced returns.

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Positive
cover-imageCrypto Reporter
November 12, 2024

Catch the Next Crypto Wave: Why BTFD Could Be Your Ticket to 1000x Gains

In the fast-paced world of cryptocurrency, meme coins have evolved from lighthearted internet jokes to a formidable asset class. Coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have skyrocketed in value, turning small investments into life-changing sums and creating a new breed of crypto millionaires.

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Negative
cover-imageBloomberg Markets and Finance
November 12, 2024

Very Difficult to Move Crypto Mining Operations: MARA Holdings CEO

MARA Holdings CEO Fred Thiel says it's difficult to move crypto mining operations and he doesn't expect to see miners move if the US has better crypto regulation in the future. He speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto.

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Positive
cover-imageCoindesk
November 12, 2024

How Escape Hatches Can Boost Crypto's Reputation

Liquidation, hacks and thefts have plagued the industry. It's time for a hard-wired cheat-proof feature that pays on-chain creditors in an orderly way, says StarkWare CEO Eli Ben-Sasson.

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Neutral
cover-imageCoingape
November 12, 2024

Just In: Sam Bankman-Fried's Rise & Fall Set For Big Screen In Apple Film

Apple and production studio A24 are bringing Sam Bankman-Fried's story to the big screen, with writer-director Lena Dunham adapting the tale of his rise and fall. Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX, captivated the tech world as one of its youngest billionaires before his empire's dramatic collapse in 2022.

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Neutral
cover-imageCryptopolitan
November 12, 2024

Italy lowers proposed crypto tax hike to 28%

Italy's government has taken steps to reduce the proposed increase in the cryptocurrency capital gains tax from an initial 42% to 28%. The League, one of Prime Minister Giorgia Meloni's ruling coalition partners, has proposed the amendment in this regard.

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Positive
cover-imageCryptoSlate
November 12, 2024

Robinhood CEO touts crypto's cost advantage over TradFi operations

Robinhood CEO Vlad Tenev recently highlighted the substantial efficiency benefits of crypto operations, arguing that the crypto business model outperforms traditional finance in both cost and customer service. In a Nov. 12 appearance on CNBC, Tenev revealed that running a crypto business costs “roughly an order of magnitude” less than traditional financial services.

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Negative
cover-imageBitcoin
November 12, 2024

SEC Crypto Litigation Releases – October 2024

The SEC has escalated its crackdown on crypto market manipulation, filing charges against multiple market makers and individuals for allegedly using deceptive tactics—such as wash trading and volume inflation—to mislead investors about the demand for various crypto assets marketed as securities. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law.

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Neutral
cover-imageCryptonews
November 12, 2024

The Digital Chamber Urges U.S. Lawmakers to Pass Stablecoin Legislation in New Report

Crypto advocacy group The Digital Chamber is pushing for stablecoin legislation amid an increased push for fair crypto regulations across the United States, the organization's new report entitled “How Stablecoins Are Extending U.S. Dollar Dominance” reveals. According to the crypto organization, over 98% of the more than $170 billion worth of stablecoins in existence are pegged to the U.S. dollar. The post The Digital Chamber Urges U.S. Lawmakers to Pass Stablecoin Legislation in New Report appeared first on Cryptonews.

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Positive
cover-imageCoingape
November 12, 2024

Just In: Italy Cuts Crypto Tax To 28% Sparking Optimism For Investors

The Italian government is reportedly advancing a proposal to reduce the planned increase in crypto capital gains tax to 28%, a move anticipated to support investor interest. The League, a key member of Prime Minister Giorgia Meloni's coalition, has submitted an amendment to cap the proposed tax rate at 28% rather than the initially suggested

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Positive
cover-imageCryptoSlate
November 12, 2024

Coinbase launches COIN50 index to rival S&P 500 in crypto markets

Coinbase has unveiled its crypto benchmark, the Coinbase 50 Index (COIN50), which will track the aggregated performance of the top 50 cryptocurrencies by market capitalization. The index's rationale is to provide a comprehensive view of the crypto market by distilling thousands of digital tokens to a select 50 based on fundamental standards and market size.

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Positive
cover-imageCrypto Daily
November 12, 2024

Altcoin Season is Coming: 4 Projects Gearing Up for Massive Gains

Bitcoin's (BTC) dominance is close to its peak after the halving event, signalling that altcoin season is upon us. The crypto market has witnessed a spectacular run since the US election, which resulted in a Trump win.

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Neutral
cover-imageCoingape
November 12, 2024

Will Gary Gensler Resign This Week Like Former SEC Chairs?

XRP's attorney, James Murphy, also known on Twitter as MetaLawMan, stated that he believes after the winning of the presidency by Donald Trump this year, SEC Chair Gary Gensler will resign. He cited a trend in history: when Trump won in 2016, Mary Jo White, then-SEC chair at the time, resigned, and upon Biden's victory

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Positive
cover-imageCoingape
November 12, 2024

Binance Chain Gains Google's Support For MVB Program: Details

Binance Chain has secured a $10 million investment in cloud service credits from Google Cloud to bolster the development of projects within its Most Valuable Builder (MVB) Program. This collaboration will accelerate the progress of over 40 projects by providing resources necessary for growth in key technology areas like artificial intelligence (AI) and cloud computing.

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Positive
cover-imageCryptonews
November 12, 2024

Coinbase Launches S&P 500 for Crypto: the COIN50 Index

Coinbase has unveiled the Coinbase 50 Index (COIN50), a benchmark representing the top 50 digital assets listed on the exchange. The post Coinbase Launches S&P 500 for Crypto: the COIN50 Index appeared first on Cryptonews.

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Positive
cover-imageBenzinga
November 12, 2024

Robinhood CEO Vlad Tenev: Operating A Crypto Business Has 'Undeniable' Advantages

Robinhood (NASDAQ:HOOD) CEO Vlad Tenev on Tuesday emphasized that operating a cryptocurrency business is significantly more cost-effective than running traditional financial services, providing a substantial advantage that he described as “undeniable.” What Happened: "It costs us roughly an order of magnitude less to operate a cryptocurrency business and offer the exchange of assets than it does on the TradFi side,” Tenev said in an interview with CNBC, highlighting the operational efficiencies that crypto brings compared to traditional finance.

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Positive
cover-imageReuters
November 12, 2024

'Underbanked' households more likely own crypto, FDIC report says

American households considered "underbanked" -- or who rely on services like check cashing and payday loans to meet their financial needs -- are more likely to hold cryptocurrencies than households with better access to the traditional banking system, according to a government report released Tuesday.

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Positive
cover-imageCoingape
November 12, 2024

Donald Trump Victory is a Win for Crypto Too, But What Could Be Next?

Donald Trump gained a historic win in the 2024 US Elections on November 6, but it might become more historic for the crypto industry as the investors are excited to see Trump's pro-crypto promises turn into reality. Since the beginning of the year, Trump has embraced crypto and promised to implement the much-needed crypto regulation.

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Positive
cover-imageCoingape
November 12, 2024

Coinbase Launches COIN50 Index, Crypto Market's S&P 500 Equivalent

Publicly traded company Coinbase has launched an equivalent of the crypto market's S&P 500 Index. Dubbed Coinbase 50 (COIN50) Index, this new product represents the top 50 digital assets listed on its exchange that meet the index's fundamental criteria for inclusion.

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