Category: Media Patrons

Coinbase CEO Draws Line against Law Firms Hiring Ex-SEC Officials

Vortex Cryptonews

Brian Armstrong vows to cut ties with law firms hiring individuals linked to regulatory crackdowns on crypto under the Biden Administration. The Coinbase CEO said the company ended its partnership with Milbank after hiring former SEC Enforcement Chief Gurbir Grewal. Armstrong urged other crypto firms to boycott law firms employing individuals who participated in anti-crypto policies. CEO has taken a firm stand against law firms employing individuals connected to what he described as the “unethical actions” of the Biden Administration. His statement came shortly after the New York-based law firm…

$412 Million Liquidated as Bitcoin (BTC) Slips Below $100,000 Again

Vortex Cryptonews

Bitcoin contributed 12.62% of the $412 million liquidations, signaling its central role in the market’s downturn. Ethereum and altcoins, including XRP and Dogecoin, collectively lost over $154 million as traders underestimated the ripple effects of geopolitical tension. The martial law declaration in South Korea spooked investors, triggering a chain reaction of local and global sell-offs. Bitcoin’s rapid descent below $100,000 has triggered a wave of panic among traders, erasing $412 million in leveraged positions within 24 hours. The market turbulence marks a sobering moment for investors who believed the six-figure…

Binance Unveils Its First On-chain Yield Offering with Babylon Staking

Vortex Cryptonews

Users can stake Bitcoin (BTC) through Binance to earn rewards starting December 10, with a cap of 1,000 BTC available for staking.Early participants will benefit from additional rewards tied to Babylon Protocol’s progress milestones. The launch follows Binance’s recent product rollouts, including merged mining and pre-market spot trading services . gh Binance accounts, provides users with an entry point into the decentralized finance (DeFi) ecosystem. The offering, introduced under Binance Earn, debuts with Babylon BTC Staking as its flagship product. According to a press release shared with Coinspeaker, Binance plans…

BlackRock Recommends 2% Bitcoin (BTC) Portfolio Allocation

Vortex Cryptonews

BlackRock’s iShares Bitcoin Trust (IBIT) has grown to $53.8 billion in net assets under management, surpassing their Gold ETF in less than a year of operation. The investment firm cautioned clients not to surpass 2% in Bitcoin allocation to traditional portfolios to avoid higher risks. BlackRock Inc. (NYSE: BLK), the world’s largest asset manager with more than $11.5 trillion in assets under management (AUM), has had a huge success with its adoption strategy. The New York-based investment firm has made a name in the cryptocurrency industry through its iShares Bitcoin…

BlackRock, MARA Accumulate Nearly 10,000 BTC as Bitcoin Price Dips Below $100K

Vortex Cryptonews

BlackRock and MARA bought over 9,000 Bitcoin amid price dip. Institutions hold 2.66% of Bitcoin’s total supply. Despite recently experiencing a dip, Bitcoin has continued to draw interest from major institutions like BlackRock and MARA Holdings. The latest reports show that, between December 5 and 6, the giants , MARA Holdings, alongside a yet-to-be-identified whale, collectively bought nearly 10,000 Bitcoin, taking advantage of the price fall to $92,957. BlackRock and MARA Lead the Bitcoin Accumulation Frenzy BlackRock, the world’s largest asset manager, made the most notable BTC purchase after scooping…

Binance Sparks Triple-Digit Surges with New Listings of ACX and ORCA Tokens

Vortex Cryptonews

Binance listed Across Protocol (ACX) and Orca (ORCA), boosting their visibility in the market. Both tokens carry Binance’s “Seed Tag,” noting their high volatility and associated trading risks. ACX surged 131%, while ORCA rose over 90% in the past 24 hours. On Friday, leading cryptocurrency exchange Binance the addition of two tokens, Across Protocol and Orca , to its platform. The listing news sent the prices of both tokens skyrocketing by triple-digit percentages within just an hour of the announcement. The tokens will be available for trading on December 6…