Author: EASYDAILYCRYPTO NEWS

Binance’s new CEO, Richard Teng, emphasizes the leadership team’s continuity following the DOJ settlement, ensuring operational stability amid legal challenges. Despite the earlier resignation of Changpeng Zhao as chair of Binance.US, the newly appointed Binance CEO, Richard Teng, is reluctant to change the exchange’s executive leadership team. This statement comes amid Bloomberg’s inquiries about the role of Yi He, a senior executive and partner at Binance. Yi He previously had a relationship with Zhao and also has two children with the former CEO.  Teng’s appointment and the settlement are part of the fallout from the U.S. Department of Justice (DOJ)…

Israeli women and children on their return from captivity in Gaza have spoken of being beaten and threatened, moved from place to place and forced to whisper during weeks spent with little to do, their families say. Most captives released during a six-day-old truce have been rushed to hospitals in a country still reeling from the shock of their abduction during a Hamas attack on southern Israel on October 7 in which Israel says 1,200 people were killed. Since the latest round of releases began on Friday, with Israel releasing some jailed Palestinians in exchange, the freed captives have been…

With over 10,000 cryptocurrencies, finding potential hidden gems poses a significant challenge. However, a select few micro and low market cap cryptos have recently shown impressive development activity that may support growth in 2024. This article will analyze eight low cap cryptos whose fundamentals and utility appear solid. 1. Bitcoin ETF Token (BTCETF) Bitcoin ETF Token aims to capitalize on the excitement surrounding the approval of a spot Bitcoin ETF in the United States. It has a deflationary model, with milestone token burns tied to ETF progress. For example, 5% of tokens will be burned once the SEC greenlights the…

The recent decision by Wallet of Satoshi to stop serving customers in the United States brings us to a crossroads in the evolution of Lightning’s use as a consumer tool. While it is trusted and custodial, Wallet of Satoshi has been invaluable in giving casual users a functional and reliable tool for small value payments made across the Lightning Network. This departure from serving the US will leave a massive hole in the Lightning toolbox for American Bitcoiners. Custodial tools are not the ideal type of tool, especially for anything beyond small amounts, but it is impossible to deny they…

Ethereum (ETH) remains above the $2,000 support level. A crypto analyst notes that increasing whale activity could trigger the next bull run.  Meanwhile, market participants have been tracking Celestia and Meme Moguls, expecting expansions in 2024. Rising whale activity may drive ETH demand Shortly after BlackRock filed for an Ethereum ETF, prices broke the $2,000 resistance line.  Thus far, despite the decline in the broader crypto market, ETH is firm above $2,000, further buoyed by increasing whale accumulation. Glassnode reported that for the first time in more than nine months, large wallet addresses have been steadily accumulating the coin.  Accordingly, experts are bullish on…

The cross-chain protocol raised funds at a $2.5 billion market valuation, finalizing its separation from Jump Trading which is downsizing crypto operations due to scrutiny. Wormhole, a cross-chain bridge platform, raised $225 million at a $2.5 billion valuation from investors Coinbase Ventures, Multicoin Capital and Jump Trading which initially incubated the defi protocol under its digital asset division Jump Crypto. Rather than equity, Wormhole issued token warrants to investors. These warrants guarantee that investors will receive an allocated supply of a crypto token launched by the protocol.  The fundraiser was the final step to settle Wormhole’s departure from Jump’s umbrella…

Protesters marched through Johannesburg demanding a permanent ceasefire in Gaza, in solidarity with Palestine.Members of South African political parties and civil society organisations marched through the streets of Johannesburg on Wednesday demanding a permanent ceasefire in the Gaza Strip as they marked the International Day of Solidarity with the Palestinian People. Rival political parties including the ruling African National Congress and the left-wing opposition Economic Freedom Fighters were among many demonstrators who marched across the Nelson Mandela Bridge to protest against Israel’s military offensive in Gaza against Hamas. Other protests were planned around South Africa, where many including President Cyril…

Saturn, a non-custodial peer-to-peer orderbook for satoshis, has successfully concluded its pre-seed funding round, securing over $500,000 in investments, according to a press release sent to Bitcoin Magazine.This raise was accomplished under the leadership of venture capital firm Big Brain Holdings, alongside the valued participation from UTXO Management, Kelsier Ventures, BOOGLE Syndicate, and various strategic web3 angel investors.”We are honoured to partner with such prestigious entities in the financial and technological sectors,” Saturn’s official X (Twitter) account, stated. “Their combined industry knowledge, expertise, and networks are indispensable to our mission. This investment does not merely represent financial backing; it embodies a shared…

CoinGecko’s study reveals a high failure rate in the Web3 gaming sector, with 75% of games launched in the past five years becoming inactive. A recent CoinGecko study has disclosed that a staggering 2,127 Web3 games, or 75.5% of the total 2,817 launched, have failed in the last five years. This alarming statistic is further accentuated by an average annual failure rate of 80.8% from 2018 to 2023, underscoring the concerning stability of these gaming ventures. 2021 had a lower failure rate of 45.9%, which can be attributed to the bull market. However, the number of failed Web3 games rose…

After more than a decade of intense lobbying, Somalia has been admitted into the East African Community (EAC). After ratification by the Somali Federal Parliament, the membership will become official. The application process, started by former President Sharif Sheikh Ahmed in 2011, had been long and arduous with some member states allegedly hesitant to bring Somalia into the fold. The process finally yielded fruit this year after the current president, Hassan Sheikh Mohamud, appointed a special envoy to accelerate the admission process not long after he came into office in August 2022 for a second time. Mohamud, who was also…