BTC price encounters classic resistance as sellers refuse to let Bitcoin crack through its November ceiling.
Bitcoin price fails $38.5K breakout as US GDP fuels Fed hard-landing woes [cointelegraph]
cointelegraph.com
BIS advises central banks to plan in advance for CBDC security [cointelegraph]
From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.
Paxos receives in-principle approval to issue stablecoins in Abu Dhabi [cointelegraph]
The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin.
Crypto Stories: Charlie Shrem tells how he became a Bitcoin millionaire [cointelegraph]
Shrem made a fortune off his Bitcoin payment service, BitInstant, but then went to prison for alleged money laundering.
US Treasury sanctions crypto mixer Sinbad, alleging North Korea ties [cointelegraph]
The government department has previously imposed sanctions on crypto mixers Blender and Tornado Cash despite many in the space pushing back on actions against software tools.
SoFi Technologies to cease crypto services by Dec. 19 [cointelegraph]
“You can agree to have your account migrated to Blockchain.com or close your account instead,” the company wrote.
Why JSON-LD matters for Web3 [cointelegraph]
Web3 is confusing because it’s still in its formative stages. Nobody quite knows which inventions will shape it next.
Wormhole raises $225M at $2.5B valuation [cointelegraph]
The protocol reached a total value locked of $3.8 billion at its peak.
Real AI use cases in crypto, No. 3: Smart contract audits & cybersecurity [cointelegraph]
Experts say AI has huge potential in smart contract audits and crypto security in future. Unfortunately, ChatGPT sucks at it right now.
Poloniex prepares to resume withdrawals after $100M hack [cointelegraph]
Poloniex says it will start resuming deposits on Nov. 30 with TRX, the cryptocurrency of Justin Sun’s Tron blockchain.