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news-imageNovember 7, 2024

Intense Competition — Not Technology — Will Fuel Blockchain's Rise to Dominance

Like the internet itself, decentralized networks aren't always the most efficient tools for some tasks. However, the open, permissionless nature of these networks creates intense competition that often serves customers better than technical efficiency alone, says EY's Paul Brody.
Publisher: Coindesk
Sentiment: Positive
General

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Positive
cover-imageCrypto Reporter
November 7, 2024

Best Crypto to Buy for Long Term in November 2024

Cryptocurrency is still in the spotlight, and with the year winding down, a lot of us are looking at what coins have the potential to be solid investments in the long run. The market has seen its ups and downs, but some coins continue to show real growth.

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Positive
cover-imageCrypto Briefing
November 7, 2024

Detroit to become largest US city to accept crypto payments for taxes

Detroit enables crypto tax payments by 2025, integrating blockchain to modernize services and boost economic growth in the city. The post Detroit to become largest US city to accept crypto payments for taxes appeared first on Crypto Briefing.

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Negative
cover-imageCryptonews
November 7, 2024

Two Convicted in £1.5M UK Crypto Fraud Case

Two men have been convicted in a £1.5 million cryptocurrency fraud case, having defrauded at least 65 investors through cold calls and fake investment opportunities, prompting the FCA to warn the public about suspicious investment offers. The post Two Convicted in £1.5M UK Crypto Fraud Case appeared first on Cryptonews.

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Positive
cover-imageCoingape
November 7, 2024

Detroit To Accept Tax Payments In Crypto, Here's When

Detroit is becoming the biggest US city whose resident will be able to settle their tax payments in cryptocurrency, city officials announced Thursday. The move will make Detroit the largest US city to accept crypto payments for public services.

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Positive
cover-imageCrypto Briefing
November 7, 2024

Trump's crypto agenda: 10 things he says he will do as president

Trumps crypto agenda promises a series of key actions, with the most important including Bitcoin reserves, blocking CBDCs, and establishing the US as a crypto hub. The post Trump's crypto agenda: 10 things he says he will do as president appeared first on Crypto Briefing.

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Neutral
cover-imageBenzinga
November 7, 2024

The Trump Effect: A Deep Dive Into How The Crypto Landscape Will Change In 2025 And Beyond

Donald Trump's election win is expected to impact the regulatory landscape for cryptocurrencies, with industry experts advocating for clear, global policies to support mainstream crypto payments. With the potential for regulatory change under Trump's administration, experts tell Benzinga that clear regulations and technological advancements are essential for building consumer trust and expanding the utility of crypto in daily transactions.

general-iconGeneral
Positive
cover-imageCrypto news
November 7, 2024

Detroit to accept crypto payments for taxes and city fees

Detroit is set to become the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting mid-2025, residents can use crypto to make payments through a platform managed by PayPal, Detroit officials announced today.

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Positive
cover-imageCryptoSlate
November 7, 2024

Crypto market remains bullish following Fed rate cut

Following a meeting on Nov. 7, the Fed's Federal Open Market Committee (FOMC) cut the US interest rate by another 25 basis points (bps), lowering it to 4.5% from 4.75%. The crypto and equities markets remained unfazed, as investors likely already priced the cut.

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Positive
cover-imageCrypto news
November 7, 2024

Binance's Changpeng Zhao is $12.1b richer due to Trump victory: report

Binance founder Changpeng Zhao's net worth reportedly surged by $12.1 billion in a single day. On November 6, it was confirmed that Donald Trump won the 47th presidential election in the United States, raising Zhao's net worth by $12.

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Negative
cover-imageCrypto Mufasa
November 7, 2024

Gary Wang Seeks Leniency for Key Role in FTX Probe

Wang, a software engineer and one of the original architects of FTX, is the first to admit to the misconduct that contributed to the downfall of the platform. Court filings reveal that he voluntarily stepped forward in December 2022, just weeks after FTX's abrupt collapse.

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Negative
cover-imageCoingape
November 7, 2024

Caroline Ellison Starts Prison Sentence for FTX Fraud

Caroline Ellison, former CEO of Alameda Research and key witness in the case against FTX founder Sam Bankman-Fried, reported to a low-security federal prison in Connecticut on Thursday. In September, the court sentenced Ellison to two years in prison and ordered her to forfeit $11 billion for her role in the fraud and conspiracy that collapsed the cryptocurrency

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Neutral
cover-imageCoingape
November 7, 2024

Fed Chair Jerome Powell Teases “Policy Recalibration” Ahead: What it Means

The US Federal Reserve Chairman Jerome Powell has reiterated the next plan for the bank following its latest 25 basis points interest rate cut. In a widely televised speech, the Fed Chair said the United States economy is not on a preset course, implying more monitoring is necessary.

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Positive
cover-imageCrypto Briefing
November 7, 2024

Who is SEC's Mark Uyeda? Trump's frontrunner for SEC chair

Uyeda's potential leadership at the SEC could redefine U.S. crypto regulation, fostering innovation through clearer guidelines and industry collaboration. The post Who is SEC's Mark Uyeda?

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Neutral
cover-imageBenzinga
November 7, 2024

Can Blockchain Improve Cross-Border Payments Without Regulatory Roadblocks?

Blockchain technology could redefine traditional financial processes, according to Paul Giordano, vice president of digital assets at MARA. Giordano, scheduled to speak at the upcoming Benzinga Future of Digital Assets event, emphasized the potential for efficiency in areas such as cross-border payments and transaction clearing.

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Neutral
cover-imageCryptopolitan
November 7, 2024

High-risk DeFi loans are surging as market sentiment drives demand for leverage

The DeFi analytics platform IntoTheBlock confirmed on November 7 that high-risk DeFi loans had surged due to market sentiment increasing their demand among investors. The DeFi analytics firm still expressed growing concern about volatility within DeFi due to the U.S. presidential elections.

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Negative
cover-imageBenzinga
November 7, 2024

BlockFi's Lending License Revoked By California Regulator Over Violations

The California Department of Financial Protection and Innovation (DFPI) has taken decisive action against BlockFi Lending LLC by revoking its California Financing Law license. This move comes in response to multiple violations identified by the regulatory body.

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Positive
cover-imageNewsBTC
November 7, 2024

Fueled By Election Buzz, Memecoins Soar 22% On Pure Speculation—Report

Memecoins are crucial to the blockchain and the cryptocurrency community, and Binance Research highlights their unique value proposition. According to Binance rerport, the rise of memecoins coincides with the expansion of the world's money supply.

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Negative
cover-imageReuters
November 7, 2024

Swiss National Bank Chairman wary of cryptocurrencies

The Swiss National Bank is wary about cryptocurrencies like Bitcoin and Ether, Chairman Martin Schlegel said on Thursday, adding physical cash would retain an important role in the Swiss payments system in future.

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Positive
cover-imageBitcoin
November 7, 2024

Defi Nears $100 Billion Milestone as Crypto Market Heats Up

According to the latest data, the crypto economy's 2.45% climb over the last day is pushing the total value locked in decentralized finance (defi) protocols tantalizingly close to a $100 billion milestone. $100 Billion in Sight in the Wide World of Defi Protocols As of 11 a.m.

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Neutral
cover-imageInvezz
November 7, 2024

Caroline Ellison, ex-Alameda CEO, begins 2-year prison sentence for role in FTX fraud

Caroline Ellison, former CEO of Alameda Research and key witness in the FTX case, reported to a low-security prison in Connecticut on Thursday to start her two-year sentence, CNBC reported. This follows her cooperation with federal prosecutors that contributed to the conviction of FTX founder Sam Bankman-Fried.

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Positive
cover-imageThe Daily Hodl
November 7, 2024

NFT Marketplace OpenSea Announces New Re-Build of Platform ‘From the Ground Up'

Leading non-fungible token (NFT) marketplace OpenSea says it is about to launch a major overhaul of its platform. In a post on social media platform X, OpenSea co-founder and CEO Devin Finzer says he has been working to rebuild the world's largest NFT marketplace. “We've been quietly cooking at @opensea.

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