In a Nov. 27 blog post, Teng said he had the support of CZ and Binance’s leadership following the former CEO’s departure as part of an agreement with United States officials. According to Teng, Binance plans to continue a user-focused approach to its business and “drive growth and the adoption of Web3,” assuring customers they will hear more from him soon.Continue Reading on Cointelegraph More
Tornado Cash is a cryptocurrency mixing protocol, and TORN is used to vote on proposals for upgrading the protocol. From Nov. 26 to 27, the token took a nosedive, falling from $3.90 to just $1.66 — a decline of 57%. The price decline happened as the world’s largest crypto exchange by volume, Binance, announced that it would stop accepting deposits of TORN on Dec. 8 and no longer process withdrawals after March 7, 2024.Continue Reading on Cointelegraph More
The head of research at Paradigm, Dan Robinson, shared a statement on X (formerly Twitter) expressing his disagreement with Blast’s decision to launch a bridge before its layer-2 network and to not allow withdrawals for three months. “We think it sets a bad precedent for other projects,” Robinson wrote, adding that “much of the marketing cheapens the work of a serious team.” Continue Reading on Cointelegraph More
According to local news reports on Nov. 27, Julia Leung, CEO of Hong Kong’s Securities and Futures Commission, stated, “Even if the grace period ends tomorrow, fraud will still occur, so there is no intention to modify the grace period and other measures for the time being.” Continue Reading on Cointelegraph More
Jailbreaking is a colloquial term for bypassing a device or system’s intended security protections. It’s most commonly used to describe the use of exploits or hacks to bypass consumer restrictions on devices such as smartphones and streaming gadgets. Continue Reading on Cointelegraph More
Cardano founder Charles Hoskinson reflected on the plea deal news, calling it “the end of an era.” In Hoskinson’s opinion, entrepreneurs must comply with regulations or develop permissionless protocols that can’t be regulated. Hoskinson warned that the world is changing and that entrepreneurs will no longer be able to get by using centralized systems while simultaneously not complying with regulations. This is because “the United States has a financial regime that basically has been weaponized,” and this regime will not allow entrepreneurs to open up markets that let “the enemies of America to basically trade and do things.”Continue Reading on Cointelegraph More
According to a Nov. 27 filing in the U.S. District Court for the Western District of Washington at Seattle, Judge Richard Jones stayed a decision by a magistrate judge that would have allowed CZ to return to the United Arab Emirates (UAE), where he has family members. The judge ordered that CZ would not be permitted to travel to the UAE until a court ruled on a motion for review from the U.S. government.Continue Reading on Cointelegraph More
Ramaswamy argued that the government’s stringent stance stems from a deep understanding of cryptocurrency’s potential to alter state control, not from a place of ignorance. He described the reaction of politicians to Bitcoin as an “anaphylactic response,” suggesting that the resistance is a reflexive move to protect government power.Determined to spark a broader conversation about the role of Bitcoin and individual rights, Ramaswamy has taken proactive steps. He revealed his intent to address the significance of Bitcoin in upcoming political debates, stating that he has notified Republican Party debate moderators of his plan to discuss the matter, even if it is not slated on their agenda.The entrepreneur’s remarks underscore a growing debate within the U.S. as regulators and legislators grapple with the burgeoning cryptocurrency industry. As the dialogue evolves, Ramaswamy’s voice adds to the chorus of those calling for a thoughtful consideration of digital currencies’ impact on society and governance.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
