KuCoin Will Pay $22M to Settle Case in New York
After a lawsuit from the New York Attorney General’s office, KuCoin, a popular crypto exchange, has agreed to leave the New York market and pay a hefty $22 million settlement.
LINE Will Expand its NFT Business
A newly established organization, LINE NEXT, which operates under Line, a popular messenger app, has successfully raised $140 million to promote the Web3 ecosystem.
Do Kwon Will Remain Detained in Montenegro
Terraform Labs co-founder Do Kwon’s detention in Montenegro has been extended at the request of the US and South Korea.
El Salvador’s Volcano Bonds Receive Regulatory Approval
The long-awaited Bitcoin bonds of El Salvador, also known as “Volcano Bonds,” have reportedly received approval for launch in early 2024.
Crypto Market Grew 110% This Year: Report
Bitcoin has reached its highest price levels since April 2022 and surpassed the $44,000 mark again last weekend.
Bitcoin Inscriptions Are Included in US National Vulnerability Database
The US National Vulnerability Database has raised concerns about the potential security threat posed by “inscriptions” in the Ordinals protocol to the network of the leading cryptocurrency.
El Salvador Launches a Bitcoin Freedom Visa
The government of El Salvador has implemented a program, in collaboration with Tether, which offers a residence permit and path to citizenship for those who invest $1 million in the country using Bitcoin or USDT.
Litecoin Price Experiences a 55% Fall in Five Months
In the last five months, the value of Litecoin has dropped by approximately 55%.
YieldMax Files Application to Launch an ETF
Investment firm YieldMax has filed to launch an ETF.
Open Interest in Bitcoin Futures on CME Hits Highest Level in 2 Years
According to CoinGlass, the current amount of Bitcoin futures being traded on the Chicago Mercantile Exchange (CME) has reached $5.2 billion.
Bitcoin is Showing Strongest Growth Since March
According to analysts at Bitfinex, October and November have seen the strongest growth for Bitcoin in the last six months.
Babylon Chain Closes $18M Funding Round
Polychain Capital and Hack VC have taken the lead in a $18 million Series A funding round for Babylon Chain.
Hashdex Believes Spot Bitcoin-ETF Trading Will Start in Q2 Next Year
Spot Bitcoin-ETF launch dates are uncertain, but there’s a strong likelihood they’ll commence in Q2 2024, as per Hashdex’s 2024 review.
