New Crypto Regulations Introduced by Dominican Republic for 2024
The Dominican Republic has taken an important step towards regulating the flourishing of this phenomenon Cryptocurrency market by introducing comprehensive regulations set to come into effect in 2024. The move aims to provide clarity and security to both investors and companies operating in the cryptocurrency space. Key points of the new regulations The new regulations establish a clear legal framework for the operation of cryptocurrency exchanges, wallet providers and other related services. This framework is designed to ensure that all crypto-related activities are conducted in a transparent and secure manner. Entities wishing to operate in the cryptocurrency sector will need…
Cardano network recovers after malformed transaction triggers chain partition
Key takeaways A malformed transaction exploited a deserialization bug, causing a temporary chain split on the Cardano mainnet. Engineers released hotfixes and node upgrades to resolve the issue, without compromising user funds. Share this article The Cardano blockchain is returning to normal after a rare chain fork that temporarily split the network into two copies of its ledger. According to new a report From Intersect, an organization that supports Cardano’s long-term continuity and development, the incident occurred due to a crafted and malformed authorization transaction on November 20. The transaction exploited a vulnerability in the crypto library dating back to…
2 Bullish Signs for Ripple’s (XRP) Price After 15% Weekly Drop: Details
The price of XRP has fallen below $2.00, but here’s what could change its course. It’s safe to say that the cryptocurrency markets had one of their worst monthly performances in modern history so far in November, with prices falling by double digits even from the extremes. Ripple’s XRP is no exception, although the asset has seen the launch of two exchange-traded funds to track its performance in the US – a development generally considered bullish. In the past week alone, XRP has lost more than 15% of its value and now rests at $1.95 after falling below $1.90 yesterday.…
$61M in Profit Wiped Out As Ethereum and XRP Longs Collapse
The price of Ethereum has officially fallen below key support levels, and market sentiment is deteriorating rapidly as major assets across the cryptocurrency landscape continue to decline. Analysts are increasingly calling for the arrival of a new bear market, noting that both Bitcoin and leading altcoins have lost important technical areas that previously held the broader structure together. ETH, now trading at multi-month lows, is feeling the full weight of cascading liquidations, strong selling volume, and evaporating investor confidence. Related reading Adding to the growing uncertainty, Lookonchain reported a startling development: in just 10 days, more than $61 million in…
Cardano Founder Reveals Midnight Launch Roadmap
Reliable editorial Content, reviewed by leading industry experts and seasoned editors. Advertisement disclosure At the Midnight Summit, Cardano founder and Input Output Global CEO Charles Hoskinson laid out a phased rollout of Midnight, a privacy and identity network that he describes as the next generation layer for cryptocurrencies. In central Dapp interviewHe positions Midnight as an extender of existing ecosystems rather than a competitor: “We’re here to make your life easier and allow you to do new things that your network doesn’t do… and you can pay with the token of that network,” pointing to interoperability with major chains like…
Bitcoin ETFs Face Near-Record Outflows With $903 Million Exit
Bitcoin exchange-traded funds suffered their second-largest outflow in history, while ether funds extended their losing streak to eight days. Solana ETFs once again delivered strong inflows, providing the only bright spot for the day. Solana remains green as huge inflows of Bitcoin hit the market. Some days test the conviction of even the most resilient investors, and Thursday, November 20, […]
US Probes Bitmain ASICs for National Security Risks: Report
Leading Bitcoin mining application specific integrated circuit (ASIC) manufacturer Bitmain, based in China, is reportedly under investigation in the US over national security concerns. According to Bloomberg Friday a reportAn unidentified US official and six other unidentified people familiar with the matter said that Bitmain devices are the focus of a federal investigation known as “Operation Red Sunset.” The investigation, led by the US Department of Homeland Security, is said to seek to determine whether ASIC devices could be controlled remotely to spy on or sabotage the US power grid. US authorities previously investigated a Chinese chip designer linked to…
SharpLink’s move puts pressure on Ethereum as it drops below $3K
Key takeaways Who is behind the recent wave of dumping? SharpLink, the first publicly listed company to use Ethereum as its underlying asset. What is the situation with spot ETFs at the moment? US Ethereum ETFs recorded a total of $1.022 billion in outflows over the past seven trading sessions. Ethereum (ETH) is facing increasing selling pressure, with the likes of SharpLink continuing to unload its holdings. This comes against the backdrop of continued outflows from US Ethereum ETFs and rising exchange reserves. In November alone, ETH has already lost more than 20% of its value. He may be ready…
Sui Gains Public Market Access as Grayscale’s GSUI Lists on OTCQX
Grayscale, the world’s largest digital asset-focused investment platform, Announce Today Grayscale® Sui Trust began trading on the OTCQX®, the premier U.S. secondary market operated by OTC Markets Group Inc., under the ticker symbol GSUI. The move opens a new avenue for investors who want exposure to Sui, a layer-one blockchain designed to simplify the creation and deployment of smart contracts. Sui is designed as a developer-first network focused on transaction speed, scalability, and user experience aimed at supporting mass adoption. Grayscale says the Trust offers investors a way to participate in this vision without directly managing on-chain assets. The Fund…
Bitcoin Sentiment Mixed as Traders Debate Prices From 70K to 130K
Cryptocurrency trader sentiment on social media is currently split down the middle, with one side expecting Bitcoin to fall below $70,000 while the other side is forecasting a rise to $130,000. Bitcoin (Bitcoin) fell below $87,000 on Thursday for the first time since April. However, “social volume continues to show a mix of buy-on-the-dip optimism and gloom, with very little in between,” market intelligence platform Santiment said in an X post. Data from Santiment’s research platform, Sanbase, found that social media The signals on Thursday were split almost evenly Between predictions of Bitcoin falling to between $20,000 and $70,000 and…