President-elect Donald Trump has made his first major appointment for his second term, naming Susie Wiles as his White House chief of staff. Wiles, who was a key figure in Trump's 2016 and 2020 campaigns, is the first woman to ever hold this role.

Nigerian authorities have fined two crypto firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, $30,000 for illegal USDT-to-Naira transactions, continuing the EFCC's crackdown on unlicensed crypto trading in the country. The post Nigerian Authorities Fine Two Crypto Firms $30,000 appeared first on Cryptonews.

Bankrupt exchange FTX has sued Crypto.com to recover Alameda Research funds. In a lawsuit filed before the US Bankruptcy Court for the District of Delaware, FTX claims that Crypto.com holds $11.4 million belonging to its sister trading firm Alameda and has refused to return it.

Andrew Tate, the controversial internet personality and former kickboxing champion, has pledged his support for crypto influencer Ben Armstrong, also known as “BitBoy.”

Analysts weighed in as Bitcoin (BTC) shows strong momentum, expecting liquidity will soon “start to flow into altcoins.” While some highlighted Bitcoin's growth limitations, others have identified 30x-return opportunities with solid altcoins, warning against settling for 30% gains.

Trump's win and previous support for crypto will result in the US becoming a superpower in this space—outpacing countries such as China.

Web3 professional Agne Linge believes that for broader DeFi adoption, regulations must catch up to make people feel safe.

This means over 60 million Venmo users in the U.S. can easily start buying Solana (SOL). With Phantom, users can hold, send, and receive Solana, along with other Solana-based tokens.

Is crypto regulation on the brink of a new era with Trump's return? A shake-up at the SEC looms, with Gensler's position under scrutiny.

Researchers have identified a new attack campaign tagged “Hidden Risk”, it exposed that state-sponsored hackers from North Korea have shifted gears towards attacking the crypto industry which they were linked to the Lazarus Group.

South Korean crypto exchange Korbit has partnered with Coinbase to bring Base Chain onto the platform. Now, users can perform Base Chain deposits and withdrawals directly on Korbit.

The crypto ecosystem is experiencing a new historical dynamic with a massive influx of stablecoins into major exchange platforms. Binance and Coinbase, market leaders, recorded combined inflows of $9.3 billion in ERC-20 stablecoins.

Almost all the top cryptocurrencies have experienced growth in the present cryptocurrency rally. Among the top ten cryptos, Dogecoin has registered the highest seven-day change of 24.9%, with Cardano coming in second. A recent report hints that not all the cryptos may continue to grow in the current crypto cycle.

High-risk DeFi loans have soared since the US elections, just months after Curve's founder was liquidated for over $100 million.

OKX Wallet expands its ecosystem, integrating three new mini-games on Telegram to enhance crypto accessibility.

A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they've been ordered to transfer nearly $30,000 to the federal government.

Binance and Coinbase witnessed approximately $4.3 billion and $3.4 billion in stablecoin inflows, respectively.

The latest report in the town is that SEC commissioner Hester Peirce, also popular as “Crypto Mom” will forego the chance to become the US SEC Chair in the Trump administration. Instead, she would be working on a crypto task force that would help the regulator navigate through the demand of the crypto industry.

Changpeng Zhao stated he has no plans to return as Binance CEO, citing the role's demands and moving past that phase. The post Changpeng Zhao States He Has No Desire to Go Back to Being Binance CEO appeared first on Cryptonews.

Former Alameda Research CEO Caroline Ellison reported to prison to begin serving a two-year sentence for her role in the FTX fraud case

A proposal to rebrand the decentralized finance lending and borrowing protocol "Sky" back to "Maker" was rejected in a governance vote

Coinbase CEO Brian Armstrong has voiced his support for Securities and Exchange Commissioner (SEC) Hester Peirce‘s appointment to lead the agency during President Donald Trump‘s second term. Armstrong's comments, shared on Nov. 8 through a post on X, described Peirce as “smart, fair, professional,” and capable of bridging both sides of the political spectrum.

Bankrupt and now defunct BlockFi has entered into a settlement agreeing to the license revocation and to cease unsafe practices.

Block is redirecting resources toward Bitcoin mining hardware development and away from Web5 and TIDAL initiatives, announcing strong Q3 profits despite missing revenue targets, while securing a major deal with Core Scientific for its new 3nm mining chips.

By offering this solution to corporate clients, UBS aims to deliver enhanced transparency, efficiency, and security for cross-border transactions. The post UBS Pilots Blockchain-Based Solution for Faster Cross-Border Payments appeared first on Cryptonews.

The People's Bank of China has developed a digital yuan visual hard wallet, showcasing dynamic QR codes and offline payments.

Detroit has announced plans to accept cryptocurrency tax payments through PayPal starting in mid-2025, becoming the largest US city to adopt digital currency for municipal payments while implementing automatic conversion to US dollars to manage volatility risks.

Bitcoin reached a new all-time high of $76,000, resulting in $256 million in forced liquidations.

Detroit to allow crypto tax payments by 2025, enhancing financial inclusivity and advancing city-wide tech innovation.

Singapore-based Crypto.com has unveiled its “Level Up” rewards program, seeking to deliver stocks, banking services, and cards under one roof. The company will integrate these new functionalities, offering 3% on stock deposit transfers, 7.5% rewards on idle cash balances, and 8% in uncapped rewards on card spending.

Former SEC Commissioner Dan Gallagher leads candidates to potentially replace Gary Gensler as SEC Chair under a Trump administration, with transition team officials actively preparing shortlists for key financial agency positions.

In a recently issued tweet, the enigmatic SHIB lead known under the pseudonym Shytoshi Kusama shared a tweet published by the major crypto exchange Gemini, founded and run by the Winklevoss “crypto twins”.

Gracy Chen, CEO di Bitget, praises the messaging app and its Open Network.

Crypto exchange Crypto.com is reportedly in hot waters with Polish authorities. The Polish Financial Supervision Authority (KNF) recently issued a public warning about Foris DAX MT, a Crypto.com affiliated company based in Malta.

The U.S. Federal Reserve took a decisive step this Thursday by lowering its key interest rate by 25 basis points, bringing it to a range of 4.5%-4.75%. This decision, coming the day after Donald Trump's electoral victory, immediately propelled the crypto market to new heights, with Bitcoin reaching an all-time high of $76,951.

After several months of campaigning, Donald Trump scored a remarkable return to the White House, winning the just concluded presidential elections. Trump returns to office alongside a Republican Senate majority.

Detroit is making history as the first major American city that will permit cryptocurrency to pay for its services.

Former SEC commissioner Dan Gallagher, 45, has emerged as a top candidate to lead the Securities and Exchange Commission (SEC) following Donald Trump's presidential election win.

With President-elect Donald Trump preparing to take office in January 2025, many in the crypto sector anticipate a shift in the Securities and Exchange Commission's (SEC) approach to cryptocurrency regulation.

Dubai, United Arab Emirates, 8th November 2024, Chainwire

South Korea's largest crypto exchange, Upbit, announced that it will launch DRIFT trading pairs for Korean Won, BTC, and USDT on Nov. 8.

Out of all the crypto scams plaguing users, private key theft and phishing are among the most prevalent a blockchain security firm has said. Speaking to Cryptopolitan, a spokesperson for blockchain security firm CertiK said, “Phishing attacks are especially effective because they typically target human vulnerabilities rather than technical ones.

Detroit is set to make history as the largest U.S. city to accept cryptocurrency payments for taxes and municipal fees. This initiative was announced by city officials and will launch in mid-2025 through a secure platform managed by PayPal.

The crypto billionaire did not reveal the identities of the interested parties. He holds 90 percent of the stake in the crypto exchange.

The recent US elections on November 5 have reshaped the political space and appear to have significant implications for the cryptocurrency industry. Coinbase CEO Brian Armstrong expressed optimism in a post-election “reflection”, emphasizing that the political winds gradually shift toward digital assets.

A governance proposal to rebrand the decentralized finance protocol Sky back to its original Maker name has been decisively rejected in a vote heavily influenced by a small number of whale investors. The post Whales Reject Proposal to Rebrand DeFi Protocol Sky to Maker appeared first on Cryptonews.

The City of Detroit will carry out crypto transactions through a “secure platform” managed by payments giant PayPal. The post US City Detroit to Accept Cryptos for Tax Payments Via PayPal appeared first on Cryptonews.