Category: crypto

Binance founder Changpeng Zhao has denied rumors linking him to the launch of a crypto bank in Kyrgyzstan called “Bereket Bank.” He clarified that he has no interest in operating a crypto bank, despite supporting crypto-banking relations. Kyrgyzstan recently launched its KGST stablecoin on the BNB Chain and plans a CBDC.

UAE residents can now mine Bitcoin without owning hardware through du’s new Bitcoin cloud mining platform, Cloud Miner. Users can rent computational power through an online auction, receiving 250 TH/s for 24 months with earnings automatically credited to their wallets. This launch reflects the UAE’s push for digital asset adoption and innovation in blockchain technology.

Gate has released a new proof-of-reserves report showing a total value of $11.67 billion and a reserve ratio of 124% across 500 types of assets. The exchange also announced its expansion into Australia, emphasizing compliance and user protection. Gate holds licenses in multiple regions, showing a commitment to global operations.

Balancer protocol was exploited, resulting in $116 million being stolen in the first major crypto hack reported in November. This incident adds to a trend of security breaches in the crypto sector, with over $88 million stolen in October across various platforms. Security concerns persist despite increased audits and monitoring.

Zerohash Europe has obtained MiCA authorization from the Dutch AFM, allowing the company to offer regulated crypto-asset and stablecoin services across the EEA. The approval enables Zerohash to provide infrastructure services to banks, fintechs, and payment platforms under a harmonized EU regulatory framework. The company’s recent funding round and potential acquisition by Mastercard reflect its…

The European Commission is considering giving ESMA more authority to oversee crypto exchanges and trading platforms across the EU. This proposal, expected to be published in December, aims to create a single regulator for these entities. However, not all regulators and industry participants are in favor of this centralized approach due to potential disadvantages and…

Matrixport predicts Ethereum price consolidation as institutional demand weakens. BitMine remains a major buyer, but ETF outflows hinder growth. Historical data shows declining inflows, with October seeing minimal follow-through. BitMine’s buying power may not sustain ETH’s value for long. A potential short-term rebound is possible if $3,700 support holds.

The U.S. Securities and Exchange Commission has set November 12, 2025, as the final deadline to approve or deny Grayscale’s proposal for a Hedera Trust ETF listed on Nasdaq. This would be the first U.S. spot HBAR ETF, reflecting growing institutional demand for altcoin ETFs amid regulatory scrutiny.

Solana Foundation manager Vibhu challenges XRP community and Ripple executives to a live debate on network metrics. Data shows Solana has significantly higher daily active users compared to XRP. Vibhu believes XRP could still succeed but calls its current traction “mediocre.” He invites a facts-based discussion to let the internet decide the winner.

Polymarket is facing regulatory challenges in Romania, where it has been blacklisted for operating without a license. The company is preparing for a U.S. relaunch focusing on sports betting, with plans to comply with American regulations. Traders are taking the threat seriously, as shares of DraftKings and Flutter Entertainment fell in response.