Bitcoin shorters ‘are getting rekt’ after new $75K high

November 6, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Almost $180 million in short positions in Bitcoin have been wiped as it hit a new all-time high, with an analyst saying it is “meaningful” that it is driven by spot demand.

Changpeng Zhao, founder and CEO of crypto exchange Binance, says the Chinese President’s endorsement of blockchain will inevitably drive mass adoption of crypto.In an interview with Bloomberg Markets: Asia on Nov. 15, Zhao — better known by his industry moniker “CZ” — gave his perspective on the likely global impact of the recent intervention by…

SEC Chairman Flags Crypto as Continued Regulatory Focus in Latest Speech

The head of United States regulator the Securities and Exchange Commission (SEC) reiterated its focus on the cryptocurrency space in a new speech on April 8.Speaking at the SEC Speaks conference in Washington, chairman Jay Clayton highlighted the digital currency space while giving a broad overview of the organization’s activities and roles.Clayton chose to touch…

Sushiswap chief says it only has 1.5 years of treasury runway left

The DEX's operating expenses currently amount to $5 million per year.

Russian Embassy Asks France to Put Vinnik Under House Arrest in Home Country

Russian authorities are not stopping their efforts to help Alexander Vinnik — an alleged fraudster who is accused of laundering as much as $4 billion in Bitcoin (BTC) — to return to his homeland.In another attempt to extradite Vinnik, the Russian Embassy reportedly requested that France place the alleged former BTC-e operator under house arrest…

Binance claims ‘no special relationship’ with Hamas, argues to dismiss lawsuit

A complaint filed in January 2024 alleged that Binance, Changpeng Zhao, Iran and Syria provided “substantial assistance” that contributed to Hamas’ October 2023 attacks on Israel.

Disgruntled Employee Stole Bitcoin from Japanese Project Vipstarcoin

Two men have been arrested in Tokyo on suspicion of defrauding IT firm Vipstar Inc. from hundreds of thousands of dollars in Bitcoin (BTC), Mainichi reported on Jan. 23. One of the suspects is a former employee who used his access to steal money from a trading fund.Yuto Onitsuka and Takuma Sasaki are accused of…

Gifting crypto to loved ones this holiday? Educate them first

The mainstream has taken a growing interest in cryptocurrency as the price of Bitcoin (BTC) continues to reach all-time highs. To put this interest into perspective, researchers at the Cambridge Centre for Alternative Finance recently found that 101 million people across the globe currently hold Bitcoin and other digital assets. The report states that in…

71% of high net worth individuals have invested in digital assets: Survey

A new survey suggest most of the world's wealthiest have invested in digital assets and wealth management firms have been advised to prioritize providing education and advice. 33 Total views 1 Total shares High net worth individuals (HNWI) have embraced cryptocurrencies and other digital assets, with 71% of wealthy individuals investing in digital assets according…

Visa launches tokenized asset platform for digital asset management

Visa announced its tokenized asset platform for issuing and managing digital assets, which includes stablecoins and CBDCs, to meet growing demand in the blockchain space.

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