Unmasking Truths Unraveling Stories
Unmasking Truths Unraveling Stories
The world’s largest stablecoin issuer has frozen 326 wallets containing $435 million worth of Tether (USDT) for the U.S. authorities, the company highlighted in a letter on Dec. 15. The assets were frozen to assist law enforcement authorities, including the U.S. Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Secret Service. […]
Tap Protocol has completed a $4.2 million funding round led by Sora Ventures to enhance its role in the Bitcoin ecosystem. This investment, featuring contributions from numerous venture capital firms and angel investors, equips Trac Systems, the German company behind Tap Protocol, for significant growth. The funding round attracted notable venture capital firms, including Cypher […]
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on […]
Polygon Labs announced on Dec. 15 that it had ended its contributions to Polygon Edge, a platform leveraged by several blockchain projects. The company said that it would shift its focus to Polygon CDK, a successor solution that aims to produce a unified layer-2 ecosystem with interoperability and a single pool of liquidity. It stressed […]
Decentralized finance (DeFi) project Safemoon’s SFM crashed to an all-time low after the firm behind it filed for bankruptcy on Dec . 14. Attorney Mark Rose filed for a Chapter 7 bankruptcy on behalf of SafeMoon at the United States Bankruptcy Court for the District of Utah. The filing indicates that the firm has 50-99 […]
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on […]
Bitcoin’s market cap surged over $40 billion in the past 24 hours, propelling the leading digital asset’s value up by approximately 5% to briefly surpass $43,000 before retracing slightly, according to CryptoSlate’s data. This upward movement marks a reversal from a recent dip in BTC’s value earlier in the week, causing significant losses for traders […]
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) announced a settlement with the crypto exchange CoinList on Dec. 13. Over a two-year period ending in May 2022, CoinList processed 989 transactions worth $1.25 million from users who ordinarily resided in Crimea. The agency called this an “apparent violation” of its sanctions related to Russia […]
Quick Take An examination of the dynamics of Bitcoin transaction fees over the last three years reveals notable trends. Miners, traditionally earning revenue through block rewards, have to be increasingly reliant on transaction fees due to the continued reduction of these rewards. The 2021 bull market saw transaction fees surpassing the $1 billion mark. In […]
S&P Global Ratings, a leader in providing credit ratings, announced a crucial series of stability assessments for various stablecoins on Dec. 12, rating each asset’s stability strength on a five-point scale. Lapo Guadagnuolo, senior analyst at S&P Global Ratings, said: “We see stablecoins becoming further embedded into the fabric of financial markets, acting as an […]
