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.

Germany's Deutsche Bundesbank has joined Project Guardian, a collaborative initiative by the Monetary Authority of Singapore, to advance asset tokenization.

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.

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”.

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.

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.

Caroline Ellison, former CEO of Alameda Research, has reported to prison to begin a two-year sentence following her involvement in the FTX scandal.

Italy's economy minister on Thursday showed willingness to reconsider the proposed crypto capital gains tax hike after pressure from lawmakers in his own party. The post Italy's Economy Minister Considers Revising 42% Crypto Tax Plan After Party Pushback appeared first on Cryptonews.

The California state regulator suspended the collapsed crypto lender's license in November 2022. It blamed the platform for failing to consider borrowers' ability to repay their loans, among other things.

As per the latest report, the Donald Trump administration is likely to consider Dan Gallagher as a replacement for US SEC chair Gary Gensler. The transition is likely to happen soon after Trump resumes office in January 2025, as the demand to fire Gensler grows from the crypto community.

SEC Commissioner Mark Uyeda, known for his vocal criticism of the agency's approach to crypto regulation, is backing President-elect Donald Trump's pledge to end what many see as the Biden Administration's anti-crypto crackdown. Uyeda, who joined the SEC in 2022, could assume the acting chair role when Trump takes office in January 2025.

Robinhood's legal chief, Dan Gallagher, is reportedly one of the top picks to head the SEC under Trump, who promised to fire its current chair “on day one.”

Key Points:

Just four MKR whales constituted 98% of the voting power in favor of sticking with the Sky rebrand.

WonderFi CEO was forced into a vehicle but released after a ransom was paid.

North Korean hackers are now using phishing emails instead of their previous tactic of social media grooming, a research firm has found.

According to a recent report by Reuters, SEC Commissioner Hester Peirce is not interested in spearheading the agency.

Detroit's got something different in store for 2025: it's letting residents pay taxes and fees in cryptocurrency. This makes Detroit the largest U.S. city aiming to add crypto to its accepted payment methods. This is a bold move for a city eager to embrace tech innovation.

The co-founder and former Chief Technology Officer of the collapsed FTX exchange, Gary Wang, pleaded with the court in a November sentencing submission to consider not giving him a prison sentence for his contribution to the FTX collapse. In the November 6 filing, Wang's legal team explained that Wang remained an important contributor to securing evidence against the former FTX CEO Sam Bankman-Fried.

Gary Wang, FTX's co-founder, has asked through his legal team for a non-custodial sentence in a memo filed last November 6th in connection with the United States v. Sam Bankman-Fried.