Binance will stop accepting deposits in Russian rubles starting Nov. 15, 2023, the firm officially announced on Friday. Binance also advised users to withdraw RUB from the platform, as it expects to terminate RUB withdrawals on Jan. 31, 2024.Continue Reading on Cointelegraph More
The Institute will support and conduct research related to blockchain technology and cryptocurrencies. Its scientific board includes 11 experts from major French educational institutions, such as the National Center for Scientific Research (CNRS) and École polytechnique. A committee of 6 practitioners, including co-founder of Ledger, Nicolas Bacca, and founder of the crypto exchange Paymium, Pierre Noizat, will also oversee the work of the Institute. Continue Reading on Cointelegraph More
BlackRock’s intention to file for an Ether spot ETF had a bullish effect on the crypto market, helping ETH get past the critical resistance of $2,000 for the first time in six months.Continue Reading on Cointelegraph More
This decision comes after Binance sold its Russian operations to CommEX, a new digital asset exchange that emerged in September 2023. Users holding RUB on Binance are encouraged to transfer their funds to CommEX without incurring any transaction fees. CommEX has offered zero-fee withdrawals for RUB as part of its acquisition deal. Additionally, users can still utilize Binance’s fiat partners to withdraw their funds through the Convert tool or trade RUB on the Binance Spot Market until the January deadline. However, the fees for these services have not been disclosed.The sale of Binance’s Russian division sparked controversy amid concerns that CommEX might be a rebranded version of Binance aiming to bypass Western sanctions imposed on Russia. These suspicions were heightened due to the hiring of former Binance executives by CommEX and the absence of clear information regarding the deal’s size or the identities of CommEX’s founders. Despite these claims, Binance has firmly denied any ongoing relationship with CommEX and has stated that it does not intend to re-enter the Russian market.In related developments within the crypto space, there was notable activity involving Ripple (XRP), as large amounts of the cryptocurrency were moved among major holders. This occurred alongside rumors about a potential initial public offering (IPO) for Ripple. Furthermore, a coalition consisting of 50 countries has committed to swiftly implement a new cryptocurrency reporting framework, signaling a growing global effort to regulate digital assets.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
In recent tweets, Brandt illustrated three chart patterns on the Bitcoin chart while hinting at their potential targets.Brandt demonstrated to his X followers how to estimate a probable target for a flag or pennant formation, implying that if this pattern is proven, Bitcoin may reach $43,289.Flags and pennants are short-term continuation patterns that indicate a brief period of consolidation before the preceding advance resumes.Brandt also charted a lower target of $35,135 and an upper target of $41,341 for a head and shoulders bottom. In a similar scenario, he provides a lower target of $37,803 and an upper target of $39,432 if a rectangle pattern on the Bitcoin chart is proven.On Thursday, Bitcoin (BTC) prices surpassed $37,000 for the first time since May 2022, continuing the largest digital asset’s enormous recent rise.On Thursday, Bitcoin reached a high of $37,999 on the Coinbase (NASDAQ:COIN) crypto exchange, its highest level since May 2022. Bitcoin has given up some of its intraday gains and was trading at $36,557, down 0.63% in the last 24 hours.Bitcoin recently climbed on speculation that U.S. regulators may legalize Bitcoin spot ETFs, which some analysts say will attract a torrent of investment money into the biggest cryptocurrency by market value.On Thursday, an iShares Ethereum Trust was registered on the website of Delaware’s Division of Corporations. Speculations arose as, on June 8, one week before BlackRock (NYSE:BLK)’s registration for a Bitcoin ETF, the iShares Bitcoin Trust received a similar notification. This article was originally published on U.Today More
The news fueled optimistic expectations regarding a potential Ether spot ETF filing by BlackRock, a $9 trillion asset manager. This speculation follows BlackRock’s iShares Bitcoin Trust registry in Delaware in June 2023, a week prior to their initial spot Bitcoin ETF application. However, with no official statement from BlackRock, investors may have jumped the gun, though the sheer influence of the asset manager in traditional finance leaves those betting against Ether’s success in a precarious position.Continue Reading on Cointelegraph More
Lightspeed Faction said it can provide founders access to “a team of experienced blockchain investors and operators,” including members of the Amber Group, Blockchain.com, and Coinbase (NASDAQ:COIN) teams. The firm is a joint venture between the more traditional tech-oriented fund Lightspeed Venture Partners and the crypto-only fund, Faction. It attempts to combine the expertise of both organizations in order to maximize success.Continue Reading on Cointelegraph More
In response to a series of often conflicting judicial opinions on the state of cryptocurrency in the country, the Chinese government has officially issued a legal commentary on dealing with cases of nonfungible tokens (NFTs) theft and their status as virtual property protected by law. Continue Reading on Cointelegraph More
