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news-imageNovember 8, 2024

Will Hester Peirce Give Up SEC Chair Post to Lead Crypto Task Force?

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.
Publisher: Coingape
Sentiment: Positive
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Negative
cover-imageCryptoSlate
November 8, 2024

Bankrupt FTX targets Crypto.com in $11 million lawsuit amid recovery effort

Bankrupt FTX has filed a lawsuit to recover at least $11 million held in a Crypto.com account linked to its sister company, Alameda Research, according to a Nov. 8 filing. FTX alleges that before filing for bankruptcy, Alameda held an account at Crypto.com registered under the name Ka Yu Tin, also known as Nicole Tin.

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Positive
cover-imageYahoo Finance
November 8, 2024

Crypto traders thrilled about Trump: Coinbase exec.

Former President Donald Trump is on his way back to the White House after securing a victory in the 2024 presidential election on Tuesday, triggering a broad market rally. While various sectors are reacting positively to the news, the cryptocurrency market is set for significant gains under his administration.

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Negative
cover-imageCryptonews
November 8, 2024

Nigerian Authorities Fine Two Crypto Firms $30,000

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.

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Negative
cover-imageCryptopolitan
November 8, 2024

FTX sues Crypto.com to recover $11.4M linked to Alameda Research

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.

general-iconGeneral
Positive
cover-imageFinbold
November 8, 2024

Analyst highlights next 30x opportunity as liquidity flows into altcoins

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.

general-iconGeneral
Positive
cover-imageAltcoin Buzz
November 8, 2024

Phantom Wallet Users Can Now Buy Crypto with Venmo

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.

general-iconGeneral
Positive
cover-imageCoinPedia
November 8, 2024

Crypto Market Surge: Experts Advise Selective Investments

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.

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Negative
cover-imageBitcoin
November 8, 2024

Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000

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.

general-iconGeneral
Positive
cover-imageCryptoSlate
November 8, 2024

Coinbase's Brian Armstrong champions ‘crypto mom' Hester Peirce for SEC chair

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.

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Neutral
cover-imageBlockonomi
November 8, 2024

Jack Dorsey's Block Exits Web5, Focuses on Mining Hardware Development

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.

general-iconGeneral
Positive
cover-imageCryptonews
November 8, 2024

UBS Pilots Blockchain-Based Solution for Faster Cross-Border Payments

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.

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Positive
cover-imageBlockonomi
November 8, 2024

PayPal to Process Detroit's New Crypto Tax Payment Program

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.

general-iconGeneral
Positive
cover-imageBitcoin
November 8, 2024

Crypto.com Unveils ‘Level up' Rewards Program, Integrates New Service Suite

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.

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Neutral
cover-imageBlockonomi
November 8, 2024

Dan Gallagher Emerges as Leading Candidate for SEC Chair Position

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.

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Negative
cover-imageAltcoin Buzz
November 8, 2024

Poland Warns Public About Crypto.com's Operations

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.

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Positive
cover-imageCointribune
November 8, 2024

The Fed Lowers Its Rates Again: Has The Hour Of The Crypto Bull Run Arrived?

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.

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Positive
cover-imageAltcoin Buzz
November 8, 2024

Coinbase CEO: Election Result Is a Win for Crypto

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.

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