Bank of Korea's CBDC pilot will allow 100,000 citizens to use deposit tokens for purchases.
HTX (formerly Huobi Global) faced its fourth hack in two months, losing $30 million from a hot wallet.
CFTC Issues Caution to Cryptocurrency Exchanges, Cites Binance as a Prelude to Further Warnings.
Over the past 24 hours, the cryptocurrency markets have entered a consolidation phase, resulting in a neutral reading on the "Greed and Fear Index." As a result, the index currently stands at 66 on its 0 to 100 scale.
Positive trends were observed in Blur, Dogecoin, Mina, Cardano, and Gas.
Gas led the gains with a notable 19.07% increase, while FTX Token saw the largest decline, falling 10.71% in the past 24 hours.
The total crypto market volume in the last 24 hours decreased by 16.06%, amounting to $51.17B.
DeFi contributed $5.13B to the total volume, making up 10.03% of the overall crypto market 24-hour volume.
Stable coins represented a significant portion, accounting for $45.23B in volume, which is 88.41% of the total crypto market 24-hour volume.
Bitcoin's dominance rose to 51.45%, indicating a daily increase of 0.07%.
Sam Altman's unexpected return as CEO of OpenAI, following his recent dismissal, underscores tensions within the AI community. The board overhaul, with only Adam D'Angelo remaining, signifies a power shift. Altman, joined by figures like Bret Taylor and Larry Summers, is back, emphasizing Microsoft's growing influence on OpenAI. Disputes over Altman's departure remain unclear, raising concerns about AI governance amid rapid advancements.
Following Binance's $4.3 billion settlement and CEO Changpeng Zhao's admission of guilt, the US CFTC issued a stern warning to crypto exchanges, hinting at similar actions. CFTC Commissioner Christy Goldsmith Romero emphasized a zero-tolerance policy for trading violations, warning against tactics like VPN usage and evasion of KYC rules. The CFTC, asserting global jurisdiction, vows to persist in regulating non-U.S. entities. The move echoes the recent FTX episode, with Binance founder CZ stepping down as CEO amid legal challenges.
Former FTX exchange CEO Sam Bankman-Fried, now in prison, is using mackerel as currency due to the ban on conventional forms like cigarettes. The rise of "macks" as prison currency reflects a shift to tangible commodities. Bankman-Fried, convicted of money laundering and wire fraud, adapts to prison life, even sharing crypto tips.
Blast, a newly launched Layer 2 solution on Ethereum, has rapidly gained attention in DeFi, accumulating over $300 million in Total Value Locked (TVL). Despite its success, concerns arise over withdrawal restrictions until February 24, governance transparency issues, potential security vulnerabilities, and regulatory uncertainties. Despite challenges, Blast's impact on TVL underscores its significance in the Layer 2 space.
TokenFi, an offshoot of Floki Inu, unveils the TokenFi Token Launcher and QuickLaunch Bot on the Ethereum Goerli testnet, simplifying token creation without coding skills. This user-friendly approach has sparked market optimism, reflected in a surge in TOKEN's price, despite challenges like Bitget Exchange's delisting over manipulation allegations.
Changpeng Zhao, ex-CEO of Binance, faced a temporary suspension of his personal account on an undisclosed platform following his resignation amid legal issues. The incident, attributed to a name change, highlighted potential flaws in the platform's bot detection. Zhao, active on social media, maintains resilience amidst legal challenges, with his February 2024 sentencing awaiting. The crypto community closely monitors the outcome for its potential implications on regulatory policies and the future of cryptocurrency exchanges.
As OpenAI seeks new board members, Elon Musk emphasizes the need for competent directors deeply versed in AI who can assert themselves with CEO Sam Altman. The debate, sparked by discussions on gender balance, contrasts Musk's focus on expertise with others emphasizing diversity.
KuCoin delists ten altcoin projects, including Kambria (KAT) and Karura (KAR), in adherence to its Special Treatment Rules, prioritizing compliance. The phased delisting process begins on November 24, 2023, urging users to withdraw funds by May 28, 2024, reflecting a broader industry trend towards regulatory compliance and user protection.
Vienna Stock Exchange-listed Raiffeisen Bank plans to offer cryptocurrency trading services in partnership with Bitpanda by the end of January 2024. Targeting Vienna residents initially, the service aims at tech-savvy customers for small investments, emphasizing the growing interest in digital assets amid Europe's robust regulatory framework.
COIN GABBAR Views: Is the $38k resistance challenging current bullish momentum? Anticipation grows for Bitcoin's next target at $50,000. In 2023, are new all-time highs expected for Bitcoin? Bulls encounter resistance near yearly highs once more. Will bulls break the $38 resistance, or will bears prevail in the ongoing struggle? To get latest news Stay tuned us at www.coingabbar.com
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
For More News: Crypto Daily Roundup, 23 Nov: Binance Drama Fuels Bitcoin and ETF Boom
