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Tigran Gambariyan, Head of Financial Crimes Compliance at Binance Holdings, appeared in court in Abuja, Nigeria, on Thursday, April 4, 2024. Mr. Gambarian was indicted along with the company on charges including failure to pay value-added tax and violation of the Companies Act. (Getty Images) Cryptocurrency executive Tigran Gambariyan has been released from a Nigerian prison and sent to the United States after an extensive pressure campaign by current and former government officials, members of Congress, and state attorneys general who urged the Biden administration to intervene on his behalf. is back. It's unclear how much of a priority Gambarian's…
In early Asian trading on Wednesday, EUR/USD registered a modest increase to around 1.0820. The number of job openings in the United States has fallen to its lowest level since the beginning of 2021. The ECB is widely expected to cut deposit facility rates again this year. EUR/USD recovered to around 1.0820 early Wednesday Asian time. The upside for major currency pairs remains limited as uncertainty continues ahead of the US presidential election and the release of major US indicators is expected.The number of job openings fell by 418,000 to 7.443 million through the end of September, the lowest level…
Ethereum co-founder Vitalik Buterin announced “The Splurge,” a comprehensive set of protocol upgrades aimed at addressing various challenges within the Ethereum ecosystem. In his latest blog post titled “Future Possibilities for the Ethereum Protocol, Part 6: Splurge,” Buterin describes the technology for upcoming enhancements that will push Ethereum toward a more performant, secure, and scalable future. delving into the complexities of “The Splurge” is designed to address a collection of “little things” in Ethereum protocol design that don’t fit neatly into existing upgrade categories. According to Buterin, these elements are “invaluable to Ethereum's success” but must be dedicated to because…
The Ethereum network maintained its staking reward rate near 3% in Q3 2024, a slight decline from over 3.5% earlier this year. This yield is still significantly lower than that of other popular proof-of-stake networks such as Cosmos, Polkadot, Celestia, and Solana. Staking rewards for these competing networks range from 7% to 21%. Ethereum continues to underperform in bull market The decline in staking rewards impacts the Ethereum ecosystem in two ways. Lower yields may help curb inflation in the network, making it more attractive to long-term holders, but may disincentivize some new or existing validators seeking more competitive returns.…
The top crypto exchange by trading volume is launching a new platform built with high-net-worth customers in mind. According to a new press release, Binance will launch Binance Wealth, a platform for wealth managers. “Binance Wealth allows wealth managers to oversee client onboarding and make investment recommendations during and after onboarding while clients maintain full discretionary control similar to traditional wealth management. You can receive strong support from As the name suggests, the new platform is aimed at asset managers, but there is no limit to the amount of assets that must be managed in order to use the platform.…
Members of the crypto industry have expressed displeasure with the U.S. Treasury Department's new national strategy for financial inclusion. Although the strategy is committed to a new financial approach, it mentions cryptocurrencies as a risk. With the US presidential election just days away, the newly announced strategy could hurt Kamala Harris' chances. U.S. Treasury Secretary Janet Yellen unveiled a new National Strategy for Financial Inclusion (NSFI) in a speech at the ABA Annual Conference on Tuesday, but the issue did not sufficiently mention cryptocurrencies. . With the US presidential election just days away, this could have a negative impact on…
Most cryptocurrencies have traded profitably over the past 24 hours, with the price of Bitcoin rising to $73,000 and the global crypto market cap reaching $2.45 trillion. This comes as the flagship digital asset Bitcoin (BTC) topped $73,000 on October 29th. This is the highest level for BTC since the bull market hit an all-time high in March 2024. BTC price rose to a high of $73,001 across major exchanges, up 5.7% in 24 hours, according to crypto.news data. This means that the bulls have once again reached the psychological $73,000 level. At the time of writing, Bitcoin is trading…
Tuesday's biggest S&P 500 gainers 2 hours 9 minutes ago progressive shares of cadence design system CDNS soared 12.5% on Tuesday, making it the top daily performer among S&P 500 stocks after the electronic design automation company reported better-than-expected quarterly results and raised its full-year earnings forecast. Revenue from the company's Cadence.AI portfolio, which incorporates generative AI and big data analytics into the design process, more than tripled year over year. nevertheless insight (INCY) reported third-quarter earnings that were below analysts' expectations, while the pharmaceutical company's revenue for the same period beat expectations and the company's stock price rose 12.0%.…
Today was almost that day.Bitcoin's price rose above $73,000 on Tuesday afternoon, leaving it just over $175 away from a new all-time high and surpassing its previous all-time high of $73,737 in March. And then it fell.Eager crypto investors were no doubt glued to their screens this afternoon, watching Bitcoin lead the way in ultimately pushing the entire market higher. After hitting $70,000 late Monday for the first time in five months, BTC prices continued to rise on Tuesday, just one week before the US presidential election.But it wasn't meant to be. At least not yet. As of this writing,…
virtual currency platform company coinbase global coin As a major virtual currency, it may be announced at the perfect time with the announcement of the third quarter financial results. Bitcoin BTC/USD It is trading near all-time highs. Here's what analysts and investors are looking for as the company makes its announcement after the market closes on Wednesday. Revenue forecast: Analysts expect Coinbase's third-quarter revenue to be $1.25 billion, up from $674.2 million in the third quarter of last year, according to data from Benzinga Pro. The company has exceeded analyst revenue estimates for seven consecutive quarters. Analysts expect Coinbase to…