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An Arkansas County crypto mine that locals branded noisy and a threat to national security has won a legal battle that means it will be immune from police action even if it breaches recently imposed noise limits. Residents of DeWitt, Arkansas repeatedly complained about the noise from the Jones Digital LLC crypto mine and voiced concerns about its environmental impact. A petition created by locals also described it as “another unwelcome communist Chinese crypto mining site.” Arkansas County Quorum Court introduced new noise limits on October 10, replacing those previously enacted in July. Counties across Arkansas had rushed to introduce new noise limits before August 1, the day Act 851 was introduced prohibiting any “discrimination” against data centers and crypto miners. However, as reported by Arkansas Business, today’s ruling granted Jones Digital a preliminary injunction stopping any Arkansas sheriff, judge, prosecutor, “and all acting in concert with them,” from enforcing the ...

European Central Bank chief Christine Lagarde reportedly said her son ignored warnings against crypto investments and lost “about 60%” of his money. European Central Bank (ECB) president and prominent Bitcoin (BTC) critic Christine Lagarde has shared a family story about unsuccessful cryptocurrency investments, according to a report from Reuters. Lagarde told students at a town hall in Frankfurt on Nov. 24 that her son lost “almost all” of his investments in crypto assets, despite persistent warnings, Reuters reported. “He ignored me royally, which is his privilege,” Lagarde reportedly declared, adding that he lost “almost all the money he had invested.” The ECB chief didn’t disclose the sum her son lost, noting that he claimed it wasn't “a lot,” but only “about 60%” of his crypto investments. “So when I then had another talk with him about it, he reluctantly accepted that I was right,” Lagarde reportedly stated, adding: “I have, as you can tell, a very low opinion of cryptos [....

KuCoin announces the launch of Chainflip on their Spot trading platform. Users could start depositing FLIP on KuCoin immediately after the launch. The trading began on November 23 at 12:00 (UTC), and withdrawals are slated to begin on November 24 at 10:00 (UTC). Crypto trading firm KuCoin announced the launch of a new project by listing Chainflip (FLIP) on its Spot trading platform. KuCoin shared an official message on X (formerly Twitter), declaring the launch of FLIP with the platform supporting the token activities, including deposits and withdrawals via the ERC-20 network. World Premiere New Listing@Chainflip $FLIP Gets Listed on #KuCoin! Pair: FLIP/USDT Deposit: now open (network: ERC20) Trading: 12:00 PM on November 23, 2023 (UTC) — KuCoin (@kucoincom) November 22, 2023 According to the notification, investors can start depositing their FLIP tokens on the KuCoin trading platform from the announcement date. Meanwhile, FLIP trading began at 12...

XRP has entered a strong correction cycle after testing a multi-year resistance trendline. Is the bull market on pause for now? XRP (XRP) price has dropped 18.5% from its local high of $0.67 on Nov. 23. And, it appears the cryptocurrency will suffer more selloffs in the coming weeks. XRP technicals hint at extended correction XRP has failed to break above a descending trendline resistance since January 2018. And, it fell short of logging a breakout above in November 2023, as well, illustrating a psychological selling pressure around the line. XRP/USD weekly price chart. Source: TradingView Each bearish rejection after testing the descending trendline resistance has historically resulted in a decline toward the ascending support trendline.  The downside target appears around $0.50, interestingly closer to XRP's 50-week (the red wave) and 200-week (the blue wave) exponential moving averages (EMA). Thus, XRP's price risks declining by 20% before 2024, if this fractal plays out...

Kraken co-founder Jesse Powell said the crypto industry is ‘’more fair’’ after Binance and its founder Changpeng Zhao were hit with a $4.3 billion penalty to settle multiple criminal charges against the world’s biggest crypto exchange. “The game feels a bit more fair today,” he said in tweet on X on Nov. 23. “Unfortunately, many of our like-minded, responsible peers perished while waiting for justice to arrive. For them, there is no solace.” The game feels a bit more fair today. The last 12 months have answered 2 nagging questions from shareholders: 1. How are they going so fast? 2. How are they getting away with it? "Trust me, any day now…" is only believable for so many years. It's hard to keep faith while… — Jesse Powell (@jespow) November 23, 2023 Powell suggested that while firms like Kraken were complying with the law, competitors like Binance were ”going so fast” because regulators fail...

Author: 0xSea.eth, Podcast “Sea Talk” Host Original link: https://x.com/_0xSea_/status/1722875509569433656?s=20 Have you been baffled recently by the endless emergence of new protocols like Ordinals, BRC-20, Atomicals, and Pipe? Confused about how they’re all related? Don’t worry, let me help you untangle their timeline and the subtle connections between them. I’ll try to explain in simple language, avoiding complex concepts, with the goal of making it understandable for newcomers and even grandmothers. This article is not intended as investment advice. Chapter I: Ordinals and BRC-20, Casey and domo’s Spirited Adventures in the Bitcoin World The Pandora’s box of Bitcoin was opened by a man named Casey Rodarmor. In December 2022, Casey launched the Ordinals protocol. It assigns a unique serial number to each satoshi (the smallest unit of Bitcoin) and tracks them in transactions. Anyone can attach additional data to these satoshis through Ordinals, including text, images, videos, etc. Th...

Crypto bank Silvergate said it has fully repaid all its deposit liabilities.  The development is a follow-through on its plans to liquidate its business.  The bank lost over $1 billion after investors pulled out $8 billion following the FTX collapse. Silvergate Capital, a cryptocurrency-focused bank, announced on Wednesday it had fully reimbursed all remaining deposit liabilities, Reuters reported. The recent move follows the bank’s decision to cease operations earlier this year. According to the report, Silvergate announced in March that it intended to voluntarily liquidate after suffering losses as a result of the sudden collapse of crypto exchange FTX. Presently, the bank possesses less than $10,000 in holdings.  In a statement, the company reiterated its commitment to the planned liquidation. “Silvergate continues to focus on implementing the Bank Liquidation,” it said.  The bank, once an industry favorite, was...

Javier Milei, the right-wing populist riding on the anti-establishment wave won the presidency on Monday in a heated election. Milei clinched the presidency from Argentina’s incumbent finance minister Sergio Massa. While Milei secured 56% of the overall votes, Massa received 46% of the votes. The newly elected president had promised on the campaign trail that Argentina would decline BRICS membership if brought to power. Also Read: Gold Prices Rally Towards $2,000: When Will It Reach $2,100? The populist president had said that Argentina would “not do business with communist countries” while referring to BRICS membership. He also called Russia and China “assassin government” and questioned their intention of inviting Iran to join the bloc. The leader cited Iran’s role in bombing a Jewish center in 1994 in Buenos Aires, calling the memories “an open wound” . Argentina Has No Plans To Join BRICS, Says Diana Mondino Source: France24 Milei will take office on Decem...

In a Nov. 22 post from the cybersecurity firm Cyvers Alerts, it was reported that a suspicious address received $12.4 million from HTX exchange. At the same time, another address accumulated approximately $85 million from HECO Chain bridge, both linked to Justin Sun’s business ventures. Taken together, the alert suggests that Justin Sun’s Poloniex, a prominent crypto currency exchange, is now facing the results of a loss of more than $100 million in various crypto currencies. Code Red! (Ongoing)Our AI powered system has detected multiple suspicious transactions from @HECO_Chain bridge Suspicious address has received around $85M. Suspicious address: https://t.co/JlMClIM7hg First transaction is 10,145 $ETH from @HECO_Chain bridge to suspicious… pic.twitter.com/IwpqXvhCsU — Cyvers Alerts (@CyversAlerts) November 22, 2023 You might also like: Polars (POL) Blockchain-Based Prediction Marketplace Launches on HECO Chain Additional data from Arkham Intel...

Sam Altman has been reinstated as the CEO of OpenAI OpenAI appointed a new initial board led by Bret Taylor, former co-CEO of Salesforce. Greg Brockman also announced his return to OpenAI to resume coding. Sam Altman has been reinstated as the CEO of OpenAI, the leading company in the fledgling artificial intelligence industry. Altman’s reinstatement follows days of a rollercoaster of events within the AI company, which led to several of its staff threatening to leave, potentially for Microsoft. We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo. We are collaborating to figure out the details. Thank you so much for your patience through this. — OpenAI (@OpenAI) November 22, 2023 OpenAI announced Altman’s reinstatement on X and noted the appointment of a new initial board led by Bret Taylor, former co-CEO of Salesforce, as the chair...

The firm behind the second-largest dollar-pegged crypto asset by market cap is launching a new token standard for their stablecoin. According to a new announcement, Circle is introducing the Bridged USDC Standard, a new standard and process for deploying a bridged form of USDC on Ethereum Virtual Machine (EVM) blockchains. Circle says that the bridged USDC standard is permissionless, equitable, standardized, extensible, secure, and audited. “Here’s how it works: Third-party team follows the standard to deploy their bridged USDC token contract. Bridged USDC is used to bootstrap initial liquidity in the ecosystem and begins to proliferate. Bridged USDC reaches a significant supply, amount of holders, and number of app integrations. Circle and third-party team jointly elect to securely transfer ownership of the bridged USDC token contract to Circle. Upon obtaining ownership, Circle upgrades bridged USDC to native USDC and seamlessly retains existing...

The Department of Justice (DoJ) is scheduled to publicly disclose a resolution with crypto’s largest exchange Binance following news of a multi-billion settlement and major enforcement actions from regulators. U.S. Attorney General Merrick Garland will reportedly announce a settlement with Binance for nearly $4 billion as a lengthy investigation into suspected fraud, money laundering and terror finance comes to a climax, per Bloomberg. There it is. The big announce ment is the Binance settlement of ~$4 Billion. Courtesy of @allyversprille & team: https://t.co/UcSNu2zlqZ pic.twitter.com/YR3wcPIQPw — James Seyffart (@JSeyff) November 21, 2023 The news comes ahead of a press conference where “separate but related” enforcement actions against crypto would be announced. Rostin Behnam, chair of the Commodity Futures Trading Commission (CFTC), Deputy Attorney General Lisa Monaco and Treasury Secretary Janet Yellen were listed as speakers for this event.  Previously reported...

KuCoin announced the addition of Vertex’s VRTX token to its Spot trading platform. Trading of VRTX /USDT began on November 21, while its withdrawal services started on November 22. Other recently supported crypto projects include Shrapnel, Atem Network, and KlubCoin. The centralized cryptocurrency exchange KuCoin has endorsed VRTX, the native token of Vertex, a crypto project catering to the decentralized exchange market. KuCoin expressed its enthusiasm for broadening the range of tradable assets by introducing the VRTX token to its Spot trading platform. This listing was announced on KuCoin’s official blog on Monday, November 20, and on the X platform (previously known as Twitter). World Premiere New Listing@vertex_protocol $VRTX Gets Listed on #KuCoin! Pair: VRTX/USDT Deposit: now open (network: Arbitrum) Trading: 13:00 PM on November 21, 2023 (UTC) — KuCoin (@kucoincom) November 20, 2023 According to the notification, VRTX investor...

The new in-app swap feature supports all EVM tokens and bridges them to USDC on Solana, Phantom says. Phantom, the non-custodial crypto wallet initially made for Solana users only, is now expanding its presence on the market with a new feature designed to bridge liquidity from the Ethereum (ETH) ecosystem. In an announcement posted to X on Nov. 20, Phantom said the newly-launched cross-chain swapper enables users to bring any tokens from Ethereum, by bridging Ethereum Virtual Machine (EVM)-based assets to USDC (USD) — as well as USDT (USDT), DAI (DAI), and wETH for certain routes — on Solana (SOL). Bridging to @solana should be as simple as swapping. And now, it is. With our new Cross-Chain Swapper, you can bridge tokens across Ethereum and Solana right in Phantom. pic.twitter.com/TkGrFSFvoy — Phantom (@phantom) November 20, 2023 Those interested in swapping assets would have to import their Ethereum wallet (s) to Phantom or create a new wallet and fund it with Ethereum...

The U.S. Securities and Exchange Commission’s request for more information has paused Fahrenheit’s plan to revive bankrupt crypto lender Celsius, highlighting the ongoing regulatory challenges in the crypto sector. Fahrenheit, an investment group, had a plan to create a new crypto business from what’s left of bankrupt crypto lender Celsius, however, the U.S. Securities and Exchange Commission (SEC) is now asking for more details, causing a delay. Fahrenheit, which includes groups like Arrington Capital, U.S. Bitcoin Corp. and Proof Group, won a competition to rebuild Celsius. The company got the go-ahead from a bankruptcy court, but now the restructure has become inert due to SEC’s questioning. The SEC has requested more information on Celsius’s assets, thus slowing down the process. You might also like: US DOJ freezes Alex Mashinsky’s assets in Celsius case Fahrenheit’s initial plan was to disperse around $2 billion in Bitcoin (BTC) and...

The head of the European Central Bank (ECB), Christine Lagarde, said that the EU needs its own version of the U.S. Securities and Exchange Commission (SEC). As Financial Times reports, citing Lagarde’s words at a speech in Frankfurt, the creation of a European SEC will help attract the huge funds needed to solve the triple problem of “deglobalization, demographics and decarbonization.” In addition, the official called for an end to the system of national financial exchanges, saying that “the European capital market needs consolidated market infrastructures.” Lagarde also noted that US bond markets are three times larger than those in Europe, and the volume of venture capital funding in the EU is one-fifth that of the U.S. despite the fact that the U.S. economy is more than half the size of the EU, she added. You might also like: EU finance ministers green light MiCA crypto regulation This spring, the European Parliament voted for a law on licensing cryptocurrencies ...

Binance CEO CZ and BTC analysts are among those who have started to draw attention to the halving event as the crypto community looks to the bullish event with hope after a cruel crypto winter. The crypto community and many of its most high-profile players have started to shift their focus toward the Bitcoin halving , a 4-year cyclic event that cuts the Bitcoin market supply in half. With the next halving event scheduled for April 2024, the Bitcoin mining reward will reduce from the current 6.25 BTC per block to 3.125 BTC per block. Binance CEO Chang Peng Zhao took to Twitter to set the countdown for the next halving in an X (formerly Twitter) post to remind everyone that the next BTC halving event is only 135 days away. #Bitcoin halving soon. pic.twitter.com/xp4mWyMKkD — CZ Binance (@cz_binance) November 19, 2023 Historically, Bitcoin halving is also linked to bullish momentum in BTC price owing to the supply-demand dynamics where the halving of the supply amid growing...

Changpeng Zhao signals that the fourth Bitcoin halving is expected to take place in the first week of April 2024. Bitcoin halving is an event that reduces BTC mining rewards by half, decreasing the rate of new supply. Analysts anticipate a bullish trend for Bitcoin following the halving event. In a recent X post, Binance CEO Changpeng Zhao shared a screenshot of a countdown to the much anticipated Bitcoin halving. According to the countdown, the fourth Bitcoin halving will take place in the first week of April 2024. #Bitcoin halving soon. pic.twitter.com/xp4mWyMKkD — CZ Binance (@cz_binance) November 19, 2023 Bitcoin halving is an event that reduces block rewards by half, meaning miners will be competing to create new blocks in the blockchain in return for a dwindling supply of fresh bitcoins. This process is hardcoded into the Bitcoin blockchain, and takes place approximately every four years. The screenshot shared by Zhao showed that the next ha...

Mr. Huber accused Joseph Lubin, co-founder of Ethereum, of encouraging fraud. Lubin asked Ethereum investors to disguise themselves by creating multiple identities. Christoph Jentzsch said adopting multiple identities is basic functionality in crypto. Mr. Huber, an acclaimed Sleuth on X (formerly Twitter), has accused Joseph Lubin, co-founder of Ethereum, of encouraging fraud in the crypto space. Although he mistakenly tagged Vitalik Buterin as the speaker in an audio he shared, Mr. Huber alleged that Lubin was being fraudulent when he called Ethereum investors to disguise themselves by creating multiple pseudonymous identities to avoid scaring the public. Here we have @VitalikButerin calling to disguise all major investors in Ethereum by creating multiple pseudonymous identities so the public is not scared. This is called fraud. https://t.co/aWGmQkidKk pic.twitter.com/hUvC3shSDW — Mr. Huber (@Leerzeit) November 18, 2023 The Sleuth shared an audio ...

Yearn Finance native token saw a dramatic downturn, losing over 42% in 24 hours. YFI liquidations hit $4.99 million in 24 hours, with long positions accounting for $3.5 million of the losses. Significant investors allegedly triggered the downturn by an exit scam. Data has shown a substantial downturn in the performance of YFI, the native token of the Yearn Finance platform, which is a collection of DeFi products allowing users to earn interest on their crypto assets. According to statistics from prominent market tracker CoinMarketCap, over the past 24 hours, YFI experienced a staggering decline of more than 42.09%. In particular, YFI has fallen dramatically from $15,460 to $8,950.91, effectively shedding $6,510 under 24 hours. YFI Market Chart | CoinMarketCap Notably, this recent downward spiral observed in YFI’s market has had significant implications on the portfolio of crypto traders betting on the price of the digital asset. In particular, data...