In a striking development within the cryptocurrency giant Binance, former executive Amrita Srivastava has come forward with serious allegations of retaliation following her whistleblowing activities. Srivastava, who was based in London and part of Binance’s Link platform, claims that her dismissal was orchestrated after she raised alarm over a bribery scheme that involved a colleague.
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Hong Kong is taking decisive steps to enhance its competitive edge in the global financial landscape, particularly in the realm of cryptocurrencies and asset management. As reported by the Financial Times on November 28, the local government has introduced a proposal that offers tax exemptions tailored for hedge funds, private equity, and high-net-worth family offices.
As the cryptocurrency market continues to evolve, Bitcoin finds itself in a precarious position. Currently hovering near the psychologically significant $100,000 mark, Bitcoin has struggled to break through this barrier. Meanwhile, the dynamics of crypto trading have shifted, with increasing attention being directed towards altcoins. An observable surge in trading volume for altcoins, particularly those
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been on a tumultuous journey, particularly when juxtaposed with Bitcoin (BTC), which recently achieved unprecedented heights. The prevailing sentiment among analysts hints at a turning point for Ethereum, suggesting that its current price stagnation may soon transition into a significant upward movement. A crypto analyst, Mr.
The blockchain landscape is in constant flux, with projects frequently adapting to the fast-paced evolution of technology. Celo, a notable Layer-1 blockchain, recently initiated a controversial transition to an Ethereum Layer-2 ecosystem within Optimism’s Superchain framework. This decision has not come without ramifications; the native token, CELO, experienced a notable drop of 5%, currently holding
Bitcoin, the flagship cryptocurrency, has recently experienced significant price movements, raising concerns among investors. At present, Bitcoin hovers around $92,864 after a sharp decline of nearly 9% from its near-historic peak of just under $100,000. This fluctuation is tied to a larger trend of profit-taking, particularly by long-term holders, who have liquidated approximately 366,000 BTC
Bitwise Asset Management is making a significant leap in the cryptocurrency investment landscape by proposing a new exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This venture is poised to equip investors with a diversified approach to digital assets, encapsulating ten noteworthy cryptocurrencies—Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot,
In a surprising move that signals a significant shift in strategy, Kraken, one of the most prominent cryptocurrency exchanges in the industry, has decided to shutter its NFT marketplace. This decision was not made lightly; rather, it is a carefully calculated pivot aimed at reallocating resources toward more futuristic projects and developments that reflect the
The emergence of Bitcoin as a pivotal asset in the financial landscape has gained significant traction, especially following the political upheaval of the past few years. As former President Donald Trump touted plans to establish a national Bitcoin reserve, the discussions surrounding this cryptocurrency have shifted from mere investment to a matter of national importance.
In a noteworthy development within the realm of cryptocurrency regulation, the incoming administration under Donald Trump is signaling a pivotal shift in oversight from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). This transition marks a significant change in how cryptocurrencies, particularly those designated as commodities like Bitcoin and Ethereum,
