Below are the top crypto news highlights for the week.

Monday, 20th November, 2023

Topic: Bitcoin and Ethereum Are Now At Historically Low Volumes – These 2023 Levels Could Signify a BTC Price Surge

Key Takeaways

  • For both cryptocurrencies, the proportion of tokens that have experienced transactions in the last year has dropped to all-time lows.
  • For Bitcoin, the drop in active supply is especially noteworthy because it comes before the expected halving of block emission incentives in April of the following year.
  • The difficulty of mining bitcoin (BTC) has been rising biweekly during the last two months, affecting miners as the market approaches a tipping point.

Tuesday, 21st November, 2023

Topic: The New Ethereum Layer-2 Crypto Project, Blast, Intends to Increase Interest Rates for ETH and Stablecoins

Key Takeaways

Top Crypto News Highlights For The Week

Wednesday, 22nd November, 2023

Topic: Official Announcement: CZ Resigns From Binance After Pleading Guilty to Money Laundering Accusation in 2023

Key Takeaways

  • Changpeng Zhao (CZ), the founder of Binance, has admitted to allegations of money laundering.
  • CZ is due to be sentenced on February 23, 2024, and may receive a sentence of up to 18 months in jail.
  • The biggest cryptocurrency exchange in the world, Binance, also intends to admit guilt to criminal charges and has agreed to pay a total fine of $4.3 billion, which includes the sum required to resolve civil claims made by regulatory bodies.

Thursday, 23rd November, 2023

Topic: Belgium Takes the Lead in Renewing Blockchain in the EU

Key Takeaways

  • This massive project is set to take centre stage in early 2024 during Belgium’s presidency of the European Union’s Council.
  • The initiative, led by the Belgian government, aims to accelerate the creation of a blockchain infrastructure across Europe and offers substantial improvements in the safe handling of official documents and the expansion of digital services across the EU.
  • This proposed blockchain system was first created by the European Commission in 2018, and it was initially called the European Blockchain Services Infrastructure (EBSI).