SOL, AVAX and DYDX rank among the top-performing altcoins this month. Cointelegraph investigates what is behind the move. On Nov. 15, several altcoins continued to show strength alongside Bitcoin (BTC), which notched an intra-day high at $37,400. Leading into the week, DYDX, Solana’s SOL (SOL) and Avalanche’s AVAX (AVAX) currently reflect double-digit gains, with each…
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Under U.K. Prime Minister Rishi Sunak, former Economic Secretary Andrew Griffith will become the next minister of state in the Department for Science, Innovation and Technology. King Charles II has approved the appointment of Member of Parliament Bim Afolami to the position of economic secretary to the Treasury of the United Kingdom. In a Nov.…
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The NFT platform, dubbed Disney Pinnacle, will go live later this year. Disney has created a nonfungible token (NFT) platform together with blockchain and metaverse firm Dapper Labs. According to the Nov. 14 announcement, Disney will tokenize its iconic cartoon characters from the past century onto its NFT marketplace, dubbed Disney Pinnacle. The platform will also…
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The Blockchain Association claimed the U.S. Treasury overstepped its authority in proposing crypto tax rules difficult or impossible to follow by many in the space. The Blockchain Association, a United States-based cryptocurrency advocacy group, has submitted a comment letter mainly in opposition to tax regulations proposed by the Internal Revenue Service (IRS). In a Nov.…
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U.S. Treasury Secretary Janet Yellen said she is looking forward to hearing from the finance ministers of some of the world’s most crypto-forward countries. The weeklong Asia-Pacific Economic Cooperation (APEC) summit began on Nov. 11 in San Francisco. The highlight of the event will surely be on the sidelines, when United States President Joe Biden…
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The exchange confirmed its chief operating officer’s brief relationship with an alleged money laundering group in a statement on Nov. 13. Taiwanese cryptocurrency exchange Bitgin is under investigation by the country’s police force for money laundering. According to local news reports early this week, Yuting Zhang, the firm’s chief operating officer, was arrested by Taiwanese…
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The project was previously audited by Trail of Bits and Hats Finance. Decentralized U.S. dollar stablecoin protocol Raft claims that despite multiple security audits, the firm still suffered a security exploit leading to the loss of $6.7 million last week. According to the project’s Nov. 13 post-mortem report, a few days prior, a hacker borrowed…
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Crypto exchange Bitget has abandoned plans for a crypto license in Hong Kong, asking users to withdraw their assets by Dec. 13. Cryptocurrency trading platform Bitget has dropped plans to obtain a Virtual Asset Trading Platform (VATP) license in Hong Kong, citing business and market-related considerations. Bitget officially announced on Nov. 13 that its Hong…
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FixReducedOffersV1 aims to minimize the prevalence of order books obscured by reduced offers, enhancing the overall functionality of the XRPL. The “fixReducedOffersV1” amendment is now in a two-week activation countdown phase, having garnered approval from over 80% of validators. This amendment signals a significant upgrade for XRPL. XRP Ledger (XRPL) is set to introduce additional…
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Binance Russia users will have slightly more than two months to withdraw their rubles from the exchange, or until Jan. 31, 2024. Cryptocurrency exchange Binance is progressing with its exit from Russia and is preparing to terminate local currency deposits next week. Binance will stop accepting deposits in Russian rubles starting Nov. 15, 2023, the…
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