Bitcoin's first halving 🎈, Tornado Cash drops 57% ⚠️, Coinbase's record high 🥇
Daily Crypto, Blockchain & Web3 Update 2023-11-28
CRYPTOCURRENCY
11th anniversary of Bitcoin’s first halving: from $12 to $37,000 (4 min read)
Bitcoin experienced its first-ever halving 11 years ago today, and since then, its price has soared from $12 to its current price of $37,000.
Animoca to become TON blockchain’s largest validator (3 min read)
Animoca Brands will invest in the TON blockchain protocol and become its largest validator as it eyes GameFi development on the platform.
Crypto exchange grace period to remain unchanged in Hong Kong despite scandals (2 min read)
The recent JPEX and Hounax exchange scandals have resulted in losses exceeding $100 million.
eToro, M2 win ADGM crypto licenses to operate in UAE financial center (2 min read)
While eToro received Financial Services Permission (FSP) approval for operating as a securities, derivatives and crypto assets broker, M2 became a fully regulated Multilateral Trading Facility (MTF) and custodian.
Tornado Cash token falls 57% after Binance announces delisting (2 min read)
TORN fell from $3.90 to $1.66 after Binance announced it would no longer list the coin.
QUICK LINKS
Coinbase shares hit 18-month high after Binance charges (2 min read)
The price high comes after rival exchange Binance pleaded guilty and traders seemingly priced in Coinbase’s custodian agreements for a slate of spot crypto ETFs.
IBM brings ‘utility-scale’ quantum computing to Japan as China and Europe struggle to compete (2 min read)
Experts predict the global quantum computing sector will have grown from about $930 million in 2023 to $6.5 billion by 2030, but some global markets may be better poised for growth than others.
Hong Kong authorities say 145 victims, $18.9M lost in Hounax scam (2 min read)
Authorities in Hong Kong confirmed 145 users were scammed on the unlicensed crypto exchange Hounax, resulting in $18.9 million of lost funds.
Binance, CZ paid for defying financial, political status quo — Arthur Hayes (5 min read)
According to Arthur Hayes, global cryptocurrency exchange Binance paid one of the largest corporate fines in history for challenging the financial and political status quo in America.
ARK offloads $5.2M in Coinbase stock amid 18-month high (3 min read)
Cathie Wood’s ARK Invest has sold another 43,956 Coinbase shares as the stock hits an 18-month high of $119.7 per share.
JPMorgan, Apollo plan for enterprise mainnet, execs reveal (2 min read)
The enterprise mainnet provides the scalability to add applications to a network with a KYC-compliant set of institutional banks, broker-dealers and asset managers.
SEC still looking for potential FTX-style fraud at Binance.US: Report (3 min read)
Binance.US attorney Matthew Laroche has asked a federal judge to consider ending the SEC’s investigation for potential fraud.
Binance CEO outlines plan for crypto exchange after CZ steps down (2 min read)
Richard Teng became CEO of crypto exchange Binance after Changpeng Zhao agreed to step down as part of a settlement with the U.S. Department of Justice announced on Nov. 21.
Spanish citizens to declare foreign crypto holdings by end of March 2024 (2 min read)
Only individuals with balance sheets exceeding the equivalent of 50,000 euros in crypto assets are obliged to declare their foreign holdings.