Author: cointechies

Metaplanet, a Tokyo-listed investment company, plans to raise 9.5 billion yen (approximately $62 million) to strengthen its Bitcoin portfolio.The company said in a statement on November 28 that the funds will be raised through the 12th Moving Strike stock acquisition rights. These rights will be allocated to EVO FUND through a third-party allotment for the period from December 17, 2024 to June 16, 2025.Following the announcement, Metaplanet's stock price rose 6.5%, extending a year-long rally and positioning Metaplanet as one of Japan's most prominent publicly traded companies.Emulation of MicroStrategyMetaPlanet CEO Simon Gerovich emphasized that the company's fundraising approach mirrors that…

Analysts say the ongoing correction in the crypto market will not last long. They predict that Binance Coin (BNB) could reach $700 and Bitcoin Cash (BCH) could reach $555. But beyond these leading coins, a new AI coin is attracting the attention of crypto whales. That is IntelMarkets (INTL). With large investors accumulating the Intel market, we expect a massive breakout to occur soon. Analysts expect Binance Coin (BNB) ATH to be $700 Vella Crypto points out that the Binance Coin cryptocurrency is poised for a major rebound at the $606 support. Such a move could increase the value of…

Court Rules OFAC Exceeds Its Authority to Sanction Tornado Cash Smart Contracts. In August 2022, the U.S. Office of Foreign Assets Control (OFAC) imposed sanctions on crypto-mixing service Tornado Cash for laundering more than $7 billion in digital currencies since its inception in 2019. OFAC said Tornado Cash played a key role in facilitating illegal activities such as money laundering by the North Korean hacker group Lazarus. However, on November 26, 2024, a Fifth Circuit Court of Appeals decision reversed the sanctions and declared that OFAC exceeded its authority by targeting immutable smart contracts associated with Tornado Cash. The court's…

Robinhood Crypto EU has added a USDC payment side to its cryptocurrency services. The move aims to expand its European reach by providing European users with access to secure, regulated digital assets backed by the US dollar. However, the USDC integration will help Robinhood expand its cryptocurrency services and continue to build user trust. With over 24 million registered accounts, the platform specializes in providing diverse and fully regulated digital assets. Circle CEO Jeremy Allaire welcomed the addition, saying it could lead to stablecoins becoming more widely used across Europe. However, in Europe, another Circle stablecoin, EURC, is contributing to…

Leading cryptocurrency exchange OKX has expanded into Europe with the launch of its exchange platform and non-custodial wallet services in Belgium. All customers in Belgium can now access OKX’s cryptocurrency trading services, including spot and futures trading. The company announced the news on November 26, announcing that customers in Belgium can now use OKX Exchange and OKX Wallet with a euro deposit option. The new platform allows Belgian users to trade over 200 cryptocurrencies, including 60 cryptoassets paired with the euro. OKX has partnered with Bancontact, Belgium's most famous online payment organization. This integration will allow OKX users in the…

London, UK, November 28, 2024, Chainwire CryptoAutos, the world’s first blockchain-powered luxury automotive marketplace, has announced the launch of its native $AUTOS token. It will begin with the launch of the Fixed Price Community at Fjord Foundry on December 3, 2024, running for three days, followed by a Token Generation Event (TGE) and exchange listing in the coming weeks. At the core of the CryptoAutos ecosystem, $AUTOS introduces blockchain-driven solutions for transactions, staking, governance, and user engagement. With a community launch model, the platform prioritizes community-driven decentralized token distribution over venture capital. To celebrate this, CryptoAutos is offering the chance…

Fetch.ai recently transferred 5 million FET tokens worth approximately $7 million to DWF Labs’ Binance deposit address. The trade followed a similar event three weeks ago, prompting speculation about the impact on the FET market. Since the most recent transfer, the value of the token has decreased by 4.47%. Earlier this year, DWF Labs acted as a market maker for Fetch.ai, playing a pivotal role in driving significant market activity. The company's trading strategy in line with market trends contributed to an astonishing 543% increase in FET prices in February. Milestones in AI and blockchain integration In a parallel development,…

Binance founder Zhao Changpeng introduced an innovative concept aimed at transforming the way AI data is labeled and processed. By integrating blockchain technology into AI workflows, Zhao proposes an on-chain system for AI labeling that leverages BNB Chain's Greenfield initiative. This approach is designed to enable low-cost, instant cryptocurrency payments, remove geographic barriers, and leverage the global talent pool for efficient and fair AI data processing. Zhao highlights blockchain's suitability for this application, citing its ability to reward high-quality contributions while facilitating instant payments. This envisioned system will allow data labelers around the world to receive cryptocurrency payments through the…

Kraken, a major NFT marketplace, has announced that it will shut down its NFT trading functionality in February next year. This follows the disappointing performance of NFTs over the past few years. Customers holding NFTs with Kraken will be provided with a Kraken wallet or other self-custody arrangement. Starting this Wednesday (November 27), the market has entered withdrawal-only mode. Traders will no longer be able to list, buy, bid, or sell NFTs on Kraken. Kraken is advising traders that they need to take their NFTs off the platform by the final closing date in February. Kraken itself has been slimming…

ROYCOIN Trading Center leverages blockchain technology and non-fungible tokens (NFTs) to create innovative opportunities for creators, traders, and investors, emerging as a prominent force in the digital finance sector. As a major player in decentralized finance (DeFi), the platform is reshaping digital asset trading by providing a secure and transparent solution for NFT trading. The rise of NFTs has revolutionized the digital asset market by enabling the secure ownership and trading of unique virtual items across fields such as art, music, gaming, and collectibles. ROYCOIN is at the forefront of this transformation, providing a platform for creators and collectors to…