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According to circulating reports, Twitter’s “Chief Twit” Elon Musk is set to introduce paid verification for the platform’s users. This is Musk’s first significant move since entering his new role at the company following the Twitter takeover. Musk finalized his Twitter purchase on October 27 and now, hardly 4 days later is doing some major restructuring.  Reports Claim Employees Must Comply or Be Fired Musk is reportedly leaving little room for question as he moves forward with his plans for…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1.03 trillion. Bitcoin is up by almost 9% following a successful week. Ethereum gained almost 25% over the past seven days. XRP increased by nearly 3% this past week. Almost all altcoins are trading in the green, with few exceptions. The DeFi sector increased the total value protocols (TVL) to around $54 billion. Crypto…

Per a report from crypto news outlet Wu Blockchain, some Huobi executives have exited their roles following Justin Sun’s acquisition of the exchange. These appear to be the former chief executive officer and chief financial officer at the company.  Sun May Discharge Several Employees The Twitter report stated that Sun has plans for large-scale dismissal. Huobi currently hosts 1600 staff members which Sun reportedly believes is too much. Sources close to the matter claim the TRON founder’s team now occupies…

Major crypto exchange Binance is prepared to set up a unit of experts to aid Twitter's crypto and blockchain-focused ventures. News of this emerged via a report on Oct 28 not long after Tesla billionaire Elon Musk completed the controversial, high-profile Twitter deal.  Musk Finalizes Twitter Deal Binance’s new team will probe into the best ways to deal with Twitter’s drawbacks using blockchain technology. These include the abundance of bots on the platform, Musk’s single greatest issue with Twitter, and…

The United Kingdom National Police Chiefs' Council reportedly has officers trained for crypto enforcement in police forces throughout the region. Detective chief superintendent Andrew Gould revealed this during a discussion on the U.K. Economic Crime and Corporate Transparency Bill on Oct 25.  UK Officers Equipped to Handle Crypto Crime King Charles announced the aforementioned bill in May and by September it had made its way to Parliament. The policy seeks to eradicate “dirty money” within the nation. It also aims…

Arthur Hayes – co-founder of the crypto exchange BitMEX – broke down the macro backdrop to Bitcoin and Ethereum’s latest price pump.  The former CEO argued that the U.S. Treasury is responsible for the rally, due to upcoming plans to alter the supply of Treasury bills in the market.  RRPs, T-Bills, and Bitcoin Both Bitcoin and Ethereum broke out of trading ranges below $20,000 and $1400 respectively for the first time in weeks on Tuesday. The move was largely unexpected,…

Two of America’s top financial regulators may not see eye-to-eye on Ether’s legal status.  Rostin Benham – Chairman of the Commodities and Futures Trading Commission (CFTC) – reiterated on Monday that he views the asset as a commodity. However, he claims Securities and Exchange Commission (SEC) chairman Gary Gensler may think otherwise. Ether: Commodity or Security? The debate surrounding Ether will ultimately determine which agency has regulatory jurisdiction over the asset. Benham’s position aligns with what would give his agency…

Cryptocurrency becomes more attractive for investment as the Securities and Exchange Commission (SEC) becomes more strict, per a recent study. As it showed, investors are now feeling more optimistic about Bitcoin’s price outlook heading into the end of the year. The Bright Side of Regulation The survey, conducted by MLIV Pulse, garnered 544 responses from different mark participants. Nearly 60% of the investors viewed the commission’s recent legal actions as a positive for crypto as an asset class. The SEC…

Binance is on the road to uncovering the identity of the hacker behind the Oct 7 BNB cross-chain bridge attack. CEO of the leading exchange ChangPeng Zhao revealed this in a recent interview with news outlet CNBC’s “Squawk Box Europe.” Binance Enlists Law Enforcement Personnel Changpeng Zhao stated that the exchange has been working alongside law enforcement agents globally since the attack. CZ explained that the platform is collaborating with the relevant authorities to “chase the bad players.” This, CZ…