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The Philippine SEC announces plans to block Binance access, cautioning against unregistered investments and warning of legal repercussions for promoters . The Philippine Securities and Exchange Commission (PSEC) has initiated measures to restrict the accessibility of the Binance trading platform within the nation. According to the regulators, the exchange lacks official registration as a corporation in the Philippines. Consequently, it’s not legal ly permitted to offer securities trading services in the country.  The PSEC has set a three-month window following the advisory. This period is intended to allow Philippine investors with active investments on the platform to liquidate their positions and withdraw their funds. Is @binance going to be banned in the Philippines? Yesterday's announcement from @SEC_Philippines doesn't look good for the world's most popular exchange pic.twitter.com/5IrafZNrDN — Luis Buenaventura (@helloluis) November 29, 2023 You might a

Plan B questions the discrepancy between the putative 90% approval odds for a spot Bitcoin ETF and Bitcoin’s current value. Plan B directed the question at Eric Balchunas, a senior ETF analyst at Bloomberg. Balchunas argues the odds of a spot Bitcoin ETF being approved by Jan 10 are 90%. X user Plan B, known as the creator of the Bitcoin Stock to Flow model, has raised a salient question about the current state of Bitcoin’s price. Something doesn't add up. If odds are 90% that a spot bitcoin ETF will be approved, and that when approved bitcoin price will pump through $100k .. then BTC price should be $90k TODAY. So what gives? https://t.co/uC1Ve5cyYJ — PlanB (@100trillionUSD) November 30, 2023 The tweet, directed at Eric Balchunas, senior ETF analyst at Bloomberg, suggests a misalignment between the anticipated approval odds of a spot Bitcoin ETF and the current market value of the leading cryptocurrency. “Something doesn’t add up. If odds are 9

South Korean exchange Upbit revealed in an announcement today that it will be listing SPACE ID (ID) on its BTC market. The confirmation of the listing led to ID’s price surging more than 24% in the past 24 hours. Technical indicators suggested that ID could climb to as high as $0.4455 in the next few days. The leading South Korean cryptocurrency exchange Upbit revealed in an announcement on its blog today that it will be listing SPACE ID (ID) on its Bitcoin (BTC) market. According to the blog post, traders will be able to trade ID within the next few hours. The confirmation of the upcoming listing has had a positive impact on the cryptocurrency’s price over the past 24 hours of trading. During this period, ID’s price jumped more than 24%. Subsequently, the cryptocurrency was changing hands at $0.3306 at press time, according to CoinMarketCap. The cryptocurrency’s trading volume also surged 467% throughout the past day of trading. As a result, ID’s trading

Sony and Microsoft are angling to get into crypto gaming. Will they be able to succeed where others in the industry have failed? Sony and Microsoft, two of the biggest names in gaming , have been making significant moves towards blockchain technology in recent years. This is an important development, as it has the potential to not only revolutionize the gaming industry but it could be the Trojan horse that makes blockchain a mainstream possibility. Sony has filed a patent for a system allowing players to transfer digital assets between PlayStation titles using blockchain technology. This would enable unified progress and asset ownership across different games rather than having assets locked to individual games. Sony has also explored tokenizing in-game assets, allowing players to sell and trade them on secondary markets. Leaked documents show that Microsoft is planning to add crypto wallets to Xbox. This would allow players to trade assets across different platforms securely. Micr

Paxos has received two in-principle approvals from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM). The company will issue USD-pegged stablecoins as well as crypto brokerage and custody services. Blockchain infrastructure firm Paxos has scored another regulatory milestone as it expands its reach globally. On Wednesday, the New York-based company announced it had secured two preliminary approvals to issue stablecoins in Abu Dhabi. Paxos regulated in the Abu Dhabi Global Market Specifically, the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM) has granted Paxos two in -principle approvals not just for stablecoin issuance, but also for crypto brokerage and custody services. Paxos will offer these products and services via to FSRA-regulated entities. The agency will also regulate the stablecoin and tokenization company’s services offered out of the ADGM. “ Today’s announcement marks yet anot

Ethereum’s (ETH) initial coin offering (ICO) in 2014 Q3 raised approximately $16 million in 42 days at a final estimated price of $0.311 per token. Early investors have sold their positions over the years, but some are still holding part of these coins. Notably, an ICO Ethereum wallet address deposited 3,000 ETH ($6.19 million) to the Kraken exchange on November 29. This pre-historic whale acquired 20,000 ETH for $6,200 in the initial coin offering, according to SpotOnChain . Considering Ethereum is trading at $2,055 by press time, this early investor profited over 660,000% with this single sell. Interestingly, on-chain activity shows further purchases of 1,004 ETH at an average price of $771.7 per token from January 2018 to February 2020. It also deposited a total of 15,735 ETH at an average price of $1,555 so far. There is still 5,172 ETH behind, worth approximately $10.7 million. Ethereum ICO whale historic – PnL overview. Source: SpotOnChain The Ethereum (ETH) ICO

The supply of Bitcoin (BTC) on cryptocurrency exchange s has hit its lowest amount in the past five years , as investors continue to pull their assets off them due to declining confidence in crypto trading platforms that have been under constant pressure by regulators in recent months. Indeed, the overall supply of Bitcoin on exchange s is down to a mere 5.38%, which is the lowest point since December 2017, according to the most recent information shared by crypto on-chain and social metrics platform Santiment in an X post published on November 29. As the analysts explained, investors have continued to move their Bitcoin into self-custody “as exchange reputation continues to diminish,” exacerbated by the recent settlement between Binance and the United States Securities and Exchange Commission (SEC), as well as the lawsuit against Kraken. Bitcoin vs. Tether supply on exchanges. Source: Santiment At the same time, the ten largest exchange crypto wallets with Tether (USDT) are

Shiba Inu (SHIB) has turned many early investors into multi-millionaires. However, in some cases, investors have also reaped over one billion dollars. Between its launch in August 2020 and reaching its all-time high in October 2021, SHIB had surged by many million percent. Investors who held on reaped the benefits of being patient. Many who sold regretted their decision later. Also Read: Shiba Inu: Here is When SHIB Could Rally 12,100% and Hit $0.001? If an investor had put in $100 every week into SHIB since early August 2020 and continued to do so till the token hit its all-time high on Oct. 21, 2021, they would have invested $6,400. However, if withdrawn on Oct. 21, 2021, the portfolio’s value would have been $1.38 billion. The rise in value translates to a growth of 21.5 million percent. Source: CryptoDCA Can you still be a millionaire with Shiba Inu (SHIB)? Although the asset has turned many investors into millionaires and billionaires, many worry that they may have mi

Binance co-founder Changpeng Zhao will not be leaving the US for his residence in Dubai any time soon after the court barred his exit in line with prosecutors’ claims that he is a flight risk. US District Judge Richard Jones said Zhao must stay in the US until his Seattle court reviews whether he can return to the United Arab Emirates (UAE) before his sentencing in February. US PROSECUTORS ASK FEDERAL JUDGE TO PREVENT BINANCE FOUNDER CHANGPENG ZHAO FROM RETURNING TO UAE BEFORE SENTENCING -FILING – RTRS — Tree News (@News_Of_Alpha) November 22, 2023 Zhao had last week pleaded guilty to charges of violating anti-money laundering laws and sanctions. As part of a deal with the government, Binance agreed to pay a $4.3 billion fine, while Zhao paid a $50 million fine and put up a $175 million bond as he awaits sentencing. Binance also agreed to supervision by an independent compliance monitor for three years. Prosecutors argued that Zhao’s wealth and residence in Dubai make him a fli

Crypto exchange Coinbase has reportedly sent an email to select users, informing them of a subpoena it received from the Commodity Futures Trading Commission (CFTC) demanding user account information and transaction history. The email has sparked speculation that the CFTC is targeting Coinbase users that have interacted with Bybit — suggesting the commission may be preparing for legal action against the Dubai-based exchange. “We write to inform you that Coinbase has been served with a subpoena,” the email to select users read, “seeking information related to your account and account transaction activity.” However, the email stated that Coinbase may decide to counter the CFTC subpoena — and therefore user information will not yet be handed over. “No action is required from you,” the email continued, “but Coinbase may respond to the Subpoena unless served before November 30, 2023 with a motion to quash or other objection to the subpoena that has been filed with the Court – includi

With the holiday season almost upon us, Bitcoin (BTC) might be carrying gifts instead of Santa as it looks to break its resistance zone and continue progressing toward gains. The increased filings of spot Bitcoin exchange-traded funds (ETFs) and rising attention from prominent institutions have markedly shaped investor sentiment toward the cryptocurrency in the past few weeks. Amid the raised interest among investors surrounding Bitcoin’s future movements in the coming weeks, Finbold sought insights from PricePredictions , a platform known for utilizing advanced machine learning algorithms. These algorithms meticulously evaluate dynamic market conditions and analyze relevant indicators to assess the likelihood of Bitcoin’s continued success by Christmas day. BTC price prediction for December 25th. Source: PricePredicitons Intriguingly, the algorithms project that BTC will fall to $37,033 by the end of the month, representing a -0,04% decrease from the current asset price at the

BTC's correction reveals a disconnect between pro traders' confidence and retail investors' skepticism amid regulatory shifts. Bitcoin (BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago.  What is eye catching is the unwavering strength of BTC derivatives, which signals that bulls remain steadfast with their intentions. An intriguing development is unfolding in China as Tether (USDT) trades below its fair value in the local currency, the Yuan. This discrepancy often arises due to differing expectations between professional traders engaged in derivatives and retail clients involved in the spot market. How have regulations impacted Bitcoin derivatives? To gauge the exposure of whales and arbitrage desks using Bitcoin derivatives, one must assess BTC options volume. By examining the put (sell) and call (buy) options, we can estimate the prevailing bullis

The recent JPEX and Hounax exchange scandals have resulted in losses exceeding $100 million. A one-year grace period for cryptocurrency exchange s operating in Hong Kong will remain in place despite recent scandals . According to local news reports on Nov. 27, Julia Leung, Hong Kong's Under Secretary for Financial Services and the Treasury, 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."  As per new regulations introduced in June, crypto exchanges operating in Hong Kong must apply for a Virtual Asset Service Provider (VASP) license with the city's Securities & Futures Commission by June 2024 or face deregistration. However, unregistered exchanges can operate in the city during the interim transition period.  Several crypto scandals have rocked the special administrative region recently. In September, Hong Kong crypto exchange JPEX, which was un

Meme coins have been flying, and for investors who are new to crypto, it’s money time. These high-risk assets only surge during times of market certainty when animal spirits reign supreme. Bonk ($BONK) has already rallied 2,300% and is rising, but does $BONK have more bounce, or is the bonking party over? What does $BONK’s outrageous success dictate for other memecoin s? Is the scene changing? Which will be the top 5 cryptos to invest in from this sector? Has Bonk’s success paved the way for Galaxy Fox ($GFOX) to rally even higher? Galaxy Fox ($GFOX) Missed $BONK?  Galaxy Fox’s presale shows that investors who missed buying Bonk early are not missing the chance to be early adopters of $GFOX. Funding has flown past $200,000, and this play-to-earn token has become one of the top cryptos to buy right now. Bonk’s success shows that speculative appetite is high. Additionally, it displays how fearsome the rallies will be for meme coins that have not yet experienc

Circle, the issuer of the second largest stablecoin by capitalization, USD Coin (USDC), has entered into a partnership agreement with Tokyo-based financial services company SBI Holdings. SBI Group and Circle have also committed to properly complying with regulations related to stablecoin s, including communication with authorities. To circulate USDC stablecoin s in Japan, SBI VC Trade Co., Ltd. (head office: Minato-ku, Tokyo) is seeking registration as an electronic payment instrument service, which is subject to government approval. The goal of the collaboration is to adapt the token and its own Web3 services in Japan, Circle says on its website. The parties came to an agreement against the backdrop of active work by the Japanese authorities on the formation of legal standards for stablecoin s. You might also like: Japan to lift its ban on foreign stablecoins in 2023 “Our partnership with SBI Holdings represents a shared vision for the future of digital currency, and is

SIDUS price skyrockets as project burns 6.8 billion tokens. The Web3 gaming and AI project has seen the price of its native utility token jump 40% in the past 24 hours. Buying pressure for SIDUS has pushed it to its highest level since May 2022. Sidus (SIDUS) price has risen sharply in the past few days, rising to its highest level since May 2022. This comes after the SIDUS HEROES team announced they had burned a staggering 6.8 billion of the native utility token ’s supply. The announcement on Friday revealed the 6.8 billion SIDUS tokens, accounting for 23.13% of the total supply. These tokens have permanently been removed from circulation, cutting total supply to about 22.6 billion. 🔥 It’s done! We’ve burned 6,826,500,000 $SIDUS tokens – 23.13% of the total supply! 🔥 ✔️ Transaction details: https://t.co/ew5O7CgeG8 Both our revolutionary votes are over – $SIDUS and $SENATE are much stronger, with a lot of space for growth! 🚀 pic.twitter.com/dX5tpbtAJ

Nov 25, 2023 at 12:52 // Price Author Coin Idol The latest price Analysis by Coinidol.com report, Dogecoin (DOGE) has resumed a new uptrend after the end of the November 17 rally. Dogecoin price long term forecast: bullish Last week, it traded between $0.070 and $0.082. Buyers pulled the cryptocurrencies above the 21-day simple moving average on November 22 and continued the uptrend. DOGE's price was rejected after reaching a high of $0.080. If the resistance of $0.080 is broken, DOGE price is expected to rise to the highs of $0.090 and $0.10. On

According to a report by JPMorgan, a significant number of Grayscale Bitcoin Trust (GBTC) shares were sold at a discount to net asset value (NAV) in 2023. As per the bank, the rise in sales of discounted GBTC is in anticipation that the investment vehicle will convert into a spot Bitcoin (BTC) ETF (Exchange Traded Fund). According to JPMorgan, GBTC has seen $2.5 billion of inflows since the beginning of the year. Moreover, the bank notes that the amount will increase to $2.7 billion if considering short interest. Also Read: Bitcoin: El Salvador Team to Visit Argentina To Discuss BTC Plans As per the analysts, led by Nikolaos Panigirtzoglou, ‘Assuming this buying flow was mostly speculative in anticipation of GBTC being converted to an ETF, then it is likely that this $2.7b would come out of GBTC as these investors take profit once GBTC gets converted.’ Will Bitcoin’s price take a hit? Source: Money According to the analysts, if the $2.7 billion exits the market, it

The approval of spot Bitcoin ETFs (exchange-traded funds) will unlock about $70.5 billion in new demand for Bitcoin and may boost its price, says blockchain data firm Glassnode. The new demand will come as investors reallocate funds from stocks, bonds and gold to BTC, Glassnode said in a Nov. 20 report. Its projection is based on the assumption that 10% of money currently invested in major stock and bond ETFs would shift to a Bitcoin ETF, along with about 5% of assets under management from the gold market. “Based on these assumptions, we estimate approximately $60.6 billion could flow into Bitcoin from the combined stock and bond ETFs, and about $9.9 billion from the gold market,” it said. “This significant infusion of new capital could have a considerable impact on Bitcoin’s market, potentially driving up its price as it gains broader acceptance and becomes integrated into more traditional investment portfolios.” Explore the potential impact of Spot #BitcoinETF on #crypto markets

Nov 24, 2023 at 09:26 // Price Author Coin Idol The price of Ripple (XRP) has stabilized above the 50-day simple moving average (SMA) or the low of $0.57. Detailed cryptocurrency price Analysis by Coinidol.com. Long-term forecast of the Ripple coin price: bearish The cryptocurrency is correcting upwards to retest or break the 21-day simple moving average. Approaching the high of $0.62, the upward correction is encountering resistance. Since the beginning of its decline, the price of the cryptocurrency has made a series of lower highs and lower lows. Currently, Ripp