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Crypto could benefit from an influx of Chinese money, Arthur Hayes says

Arthur Hayes thinks Chinese monetary authorities might be getting ready to flood the nation’s economy with credit, bolstering bitcoin and the broader cryptocurrency market as a result. “Let’s take a look at how the Middle Kingdom is about to throw gasoline on the raging fire that is the incipient crypto bull market,” the BitMEX co-founder […]

Tornado Cash plummets 56% after Binance says it’s delisting token

Tornado Cash dropped by 56% on Monday after Binance, the world’s largest cryptocurrency exchange, said it will delist the token. The token plummeted from nearly $4.00 to $1.66 at 2:55 p.m. ET, according to CoinGecko. “We periodically review each digital asset we list to ensure that it continues to meet the high level of standard we […]

Coinbase stock price rises to highest value since May 2022

Coinbase stock reached a new annual high for the year, crossing figures last observed in May 2022. After starting the month at $77, Coinbase rose to $116.4 today, an increase of 50%, according to TradingView. It’s now trading at the highest price since mid-2022.

Prosecutors seek to keep CZ in the U.S. until February sentencing

U.S. prosecutors are asking Changpeng Zhao, Binance founder and ex-CEO, not to leave the country ahead of his sentencing hearing scheduled for February 2024. In a filing on Wednesday, prosecutors said that Zhao, a citizen of the United Arab Emirates and Canada, should not be permitted to return to his home in the UAE before […]

Binance ex-CEO CZ released on $175 million bond after U.S. criminal charges

Changpeng Zhao, who stepped down as CEO of Binance today, will pay a $175 million personal recognizance bond after pleading guilty to criminal charges in the U.S. A court filing showed that Zhao must put in $175 million for the bail and must agree to appear in court in Seattle on February 23 next year for sentence hearings. Zhao […]

The active supply of Bitcoin and Ethereum is at record lows

The percentage of tokens that have moved in the past year has fallen to record lows for both bitcoin and ether, according to data from The Block.  At its peak, over 59% of bitcoin’s supply was active between March 2017 and 2018. However, in the past year, only 30.12% of bitcoin’s supply has changed hands. […]

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