Unmasking Truths Unraveling Stories
Unmasking Truths Unraveling Stories
The Bitcoin sell-side risk ratio is calculated by dividing the sum of all profits and losses realized on-chain by the realized capitalization, offering a comparative view of daily investor activity against the total market capitalization adjusted for real-time inflows and outflows. A rise in this metric indicates a higher likelihood of sell-side pressure, potentially leading […]
Quick Take Examining the relative forces between Bitcoin cohort accumulation and monthly issuance offers intriguing insights into the current market situation. The ongoing epoch witnesses daily mining of approximately 900 BTC, translating to nearly 27,000 BTC per month, represented as the blue line in our analysis graph. The distinct cohorts are classified from shrimps (holding […]
SWIFT said on March 25 that it discovered several applications for its central bank digital currency (CBDC) solution following a successful six-month test. The company did not create its own CBDC but instead developed an interlinking solution for existing CBDCs — dubbed the SWIFT connector. The company wrote: “At the core of our solution is […]
Ripple‘s developer arm, RippleX, revealed that some of the recently introduced Automated Market Maker (AMM) pools on XRP Ledger (XRPL) encountered technical issues that prevented transactions from processing correctly. In a March 24 statement on X (formerly Twitter), the developers said: “The discrepancy affected how the DEX payment engine routes liquidity through AMM pools and order […]
BlackRock and Fidelity Investment’s spot Bitcoin ETFs — IBIT and FBTC — have become the most popular funds the two asset managers currently offer in less than 50 days of trading, based on data shared by Bloomberg ETF analyst Eric Balchunas. IBIT and FBTC were launched on Jan. 11 and have consistently posted record-setting numbers […]
AI firm Anthropic has blocked Saudi Arabia from engaging in the sale process of 8% of its shares — currently owned by defunct crypto exchange FTX, CNBC reported on March 22, citing people familiar with the matter. FTX is selling the stake as part of its bankruptcy proceedings to repay its creditors, who lost billions […]
Web3 has always felt like an inclusive and empowering community to be a part of. In making the transition from traditional finance to DeFi, there has been no lack of support, encouragement, and guidance. Embodying a leadership role as a female has also felt free from obstacles or adversity. Gender Gap Still Evident However, despite […]
Members of the Solana community and the crypto ecosystem denounced the recent surge in inflammatory memecoins on March 22. Unknown parties recently took advantage of Solana’s token creation feature to introduce thousands of memecoins with racist and antisemitic terminology in their names, some tokens also contained anti-China descriptions and other broadly offensive material. Solana founder […]
The United Nations General Assembly adopted a global artificial intelligence (AI) resolution on March 21. The new resolution aims to promote “safe, secure, and trustworthy” AI development. The Assembly said it is paramount that AI is developed in a sustainable manner that does not threaten human rights. The AI Resolution The UNGA has requested member […]
Coinbase-backed Base has the highest transaction fees among Ethereum layer-2 networks due to the current wave of attention it enjoys among crypto traders. Gasfees data shows that Base is the priciest layer-2 protocol among scaling solutions that have implemented the Dencun Upgrade’s Blobs feature. The feature significantly reduces transaction fees and enhances throughput for layer-2 […]
Glassnode’s hodler net position change metric offers a granular view into the behavior of Bitcoin’s long-term investors. The metric is calculated by tracking the inflows and outflows from wallets categorized as holders — or those who have been “holding on for dear life” for a very long time. This metric is pivotal in understanding market […]
The Ethereum Foundation has been issued its first subpoena by an unknown “state authority” — a development disclosed after the foundation removed the “Warrant Canary” from its website. The disclosure was made in a GitHub repository update and marks a significant moment of government interaction with the foundation. The event has raised several questions about […]
Bitcoin development and Business intelligence firm MicroStrategy has bought more than 9,000 BTC for $623 million, according to a March 19 filing with the US Securities and Exchange Commission (SEC). According to the filing: “MicroStrategy acquired approximately 9,245 bitcoins for approximately $623.0 million in cash, using $592.3 million of proceeds from the Offering and $30.7 […]
The US Securities and Exchange Commission (SEC) has been sanctioned over its disputed restraining order against the crypto firm DEBT Box, according to a March 18 court filing. As a result of the SEC’s misconduct, the court has mandated the commission to cover the legal fees, costs, and expenses incurred by DEBT Box. This decision […]
Global financial giant Standard Chartered has revised its forecast for Bitcoin’s price, now foreseeing the flagship digital asset soaring to $150,000 by year-end, citing favorable market conditions. Earlier in the year, the bank’s head of crypto research, Geoffrey Kendrick, predicted that the BTC price would climb to $100,000 by the end of the year and […]
Bitcoin had the most volatile weekend in a year as Bitcoin slipped as low as $64,550 after reaching a new all-time high of $72.760 on Thursday, March 14. As of press time, Bitcoin has recovered to trade around $68,300. However, several price swings between 3% – 7% have been prevalent throughout the weekend. Bitcoin weekend […]
Over the years, the Asia Pacific region (APAC) has established itself as an impressive environment for the rapidly growing technology industry. From the bustling tech hub of Singapore to the financial might of Hong Kong, the flourishing Web3 community in Vietnam, and the impressive technological creativity of Japan, APAC has consistently been at the forefront […]
Over the last three years, the crypto space has undergone massive upheavals. Alongside the boosting from stimulus packages in 2021, venture capital (VC) firms had invested $33 billion in crypto and blockchain startups. The following year, the Federal Reserve triggered a domino of crypto bankruptcies with its interest rate hiking cycle, starting from the Terra […]
Grayscale amended a regulatory filing through which it intends to convert its Ethereum Trust to a spot exchange-traded fund (ETF). The company’s March 15 amendment strengthens its earlier filing in multiple ways. The update supports the argument that surveillance sharing within the CME ETH market is sufficient to protect against fraud and manipulation in the […]
Hong Kong financial regulator, the Securities and Futures Commission (SFC), issued a public warning about MEXC’s unlicensed operations within its jurisdictions. SFC stated: “The entity purports to be a virtual asset trading platform operating at the above website. It has been targeting Hong Kong investors but is not licensed by the Securities and Futures Commission.” […]
The European Commission has initiated a comprehensive inquiry into the risks posed by generative AI technology on some of the world’s largest online platforms and search engines. The March 14 request targets eight online services: Google Search, Microsoft Bing, Facebook, X, Instagram, Snapchat, TikTok, and YouTube. The European Commission said: “The questions relate to both […]
Binance said Nigeria is not one of its top markets amid recent issues with authorities in the African country. In a March 13 statement, the exchange revealed its extensive cooperation with local law enforcement agencies to promote the responsible growth of crypto in Nigeria. Over the past weeks, Binance and the Nigerian authorities have been […]
Coinbase announced plans to launch a $1 billion bond offering to raise funds for its growth and expansion, according to a March 12 filing. The bonds, designated as unsecured convertible senior notes, are set to mature in 2030, offering investors the option to convert their holdings into Coinbase shares or cash at that time. The […]
In the wake of new inflation data, the crypto market experienced $164.52M in liquidations over the past 12 hours, with $119.88M in long positions and $44.64M in short positions being flushed out. Bitcoin accounted for $48.31M of the total liquidations. Bitcoin leverage (Source: Coinglass) The US Market Open again seemed to be a bigger catalyst […]
MicroStrategy executive chairman Michael Saylor predicted that Bitcoin will “eat gold” in the coming months because it is a far superior asset in every way. The MicroStrategy chair made the statement during a CNBC interview on March 11, where he added that Bitcoin was not only superior to gold but all conventional assets, including real […]
ARK Invest CEO Cathie Wood recently declared that Bitcoin (BTC) will surpass the $1 million mark well before the anticipated year of 2030, which was her firm’s previous bull-case timeline. This updated price target comes as a result of new institutional involvement and significant regulatory milestones, especially the US approval of the first spot Bitcoin […]
Over 15 years ago, Satoshi invented the world’s first independently managed, self-operating financial system through cryptography. He aspired to push us all into a financial renaissance where our aging financial system would be replaced with one that favors no one entity or being. A fully transparent financial system that’s open 24 hours a day, seven […]
Undoubtedly, one of the prerequisites for the mass adoption of blockchain technology is secure and seamless cross-chain interoperability. Many potential applications, particularly in complex and regulated sectors, simply can not be deployed without common guidelines and interface definitions. Without these, as is currently the case, applications that aim to go cross-chain must rely on custom […]
Coinbase, the leading US-based crypto exchange, has seen a surge in its market share following the introduction of several spot Bitcoin exchange-traded funds (ETFs) in January. In response, analysts at Goldman Sachs have upgraded their rating on Coinbase shares from selling to neutral and adjusted their price target to $282. Coinbase shares The bank analysts […]
The AI crypto sector’s combined market cap has more than doubled to $25.1 billion in less than a month as the world remains engrossed in developments in AI technology, according to CryptoSlate data. Overall, the market has increased roughly 150% from $9.64 billion on Feb. 16. The sector has also seen short-term growth, with gains […]
Arkham Intelligence has identified the on-chain Bitcoin addresses of Elon Musk‘s companies, Tesla and SpaceX. In a Mar. 7 social media post on X (formerly Twitter), Arkham disclosed that Tesla possesses 11,510 BTC, valued at $780 million, spread across 68 addresses. Additionally, SpaceX holds 8,290 BTC, equivalent to $560 million, distributed across 28 addresses. Arkham […]
SEC chair Gary Gensler cautioned investors to carefully consider the merits of each project after the market experienced extreme volatility following Bitcoin’s ascent to a new all-time high. Gensler made the statements during an interview with Bloomberg on March 6 and likened the crypto market’s volatility to a roller coaster ride. According to the SEC […]
Spain’s Data Protection Agency (AEPD) has ordered Worldcoin to halt personal data collection and processing and cease using already gathered data within the country for the next three months. This directive, issued on Mar. 6, addresses several complaints received by the AEPD against Worldcoin, citing inadequate information provision, data collection from minors, and inability to […]
The SEC filed a joint motion on March 5 requesting the court to take further action against Binance.US over allegedly failing to comply with regulatory requests for information on customer assets. According to the filing, the SEC claims that Binance.US’s inspections have been insufficient, company counsel has refused to answer critical questions, and the firm […]
As the cryptocurrency market witnesses a vibrant surge, buoyed by Bitcoin’s rally to $68k, a wave of optimism sweeps through the digital asset space. This renewed enthusiasm is not just confined to the world’s leading cryptocurrency but has also ignited a bullish momentum across a spectrum of altcoins and exchange-native tokens. One token that stands […]
BlackRock has filed an amendment with the SEC to integrate Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX), according to a March 4 filing. BSIIX’s total fund size stood at $36.5 billion, while its share class total net assets were $24.2 billion as of March 1. The fund typically invests in fixed-income securities and other […]
Bitcoin’s price is primed for a surge that could hit record-breaking highs this week, according to a 10X Research report shared with CryptoSlate. Why BTC will print new ATH The report outlines key factors driving this bullish momentum. It suggests that Bitcoin will experience a significant upswing if the outflows from Grayscale’s Bitcoin ETF drop […]
The crypto market has entered March with its foot firmly on the accelerator despite showing signs of a slight slowdown from its recent rapid ascent. Bitcoin (BTC) has continued to hover around the $62,000 mark, showcasing a resilient stance amid varying market sentiments after its remarkable rally past the $60,000 threshold to a high of […]
Binance is in hot water in Nigeria in the aftermath of its settlement with the U.S. Department of Justice (DOJ). Nigeria’s House of Representatives Committee on Financial Crimes issued an ultimatum to Binance CEO Richard Teng on Friday, according to a local news report. Ginger Onwusibe, the chairman of the committee, has asked Teng to […]
Consensys CEO and Ethereum co-founder Joseph Lubin said the world is on the cusp of a generational paradigm shift fueled by decentralization as the current monetary system of the world is failing. He made the statements during a fireside talk at ETHDenver, where he discussed his thoughts on what could drive the next supercycle in […]
Grayscale CEO Michael Sonnenshein said the financial industry has “never seen such insatiable demand for an ETF wrapper” as it has seen with Bitcoin ETFs. Sonnenshein made the statement during a CNBC interview on March 1, where he shared his insights about the performance of spot Bitcoin ETFs and the market’s response to their recent […]
The US Energy Information Administration (EIA) agreed to stop the emergency survey of Bitcoin miners as part of an agreement to end the lawsuit filed by several industry players, including the Texas Blockchain Council. According to the March 1 court filing, the EIA must destroy any survey information it has already received and information yet […]
Quick Take Bitcoin’s mining difficulty has seen a downward adjustment of 3%, with the current BTC difficulty standing at 79.35 T, as per data from Newhedge and Coinwarz. Difficulty Adjustment Percent Change: (Source: Glassnode) This marks the second negative adjustment this year, in the wake of roughly two of the past 12 months’ highest adjustments […]
Welcome to the February CryptoSlate Alpha Monthly Snapshot, an exclusive round-up designed for our CryptoSlate Alpha subscribers. In February, our comprehensive reports and insightful articles delved deep into the crypto ecosystem, offering a blend of market analysis, research insights, and forward-looking trends that could shape the future of finance and technology. Our February Alpha Market […]
Quick Take The diminishing returns theory, suggesting that Bitcoin will yield lesser returns with each cycle, is a subject of intense scrutiny. The examination of this theory from two points of view, the cycle low and the cycle all-time high, provides interesting insights. In November 2022, Bitcoin’s cycle low occurred during the FTX collapse, dropping […]
Bitcoin mining and technology firm Marathon Digital reported record growth in a number of categories in its 2023 annual earnings report. The firm also revealed the development of a Layer-2 network for Bitcoin called Anduro to build upon the flagship crypto’s ecosystem. Marathon chairman and CEO Fred Thiel said: “2023 was a record-breaking year for Marathon, […]
Coca-Cola HBC, a leading bottling partner for the Coca-Cola Company, is leveraging blockchain technology to revamp its internal certificate verification process, partnering with Solana-based platform ALL.ART. Coca-Cola HBC has adopted a secure blockchain system for issuing and verifying employee qualifications obtained through its Coca-Cola Digital Academy training program. The move allows participants to receive and […]
The Chamber of Digital Commerce filed an amicus curiae defending crypto exchange Kraken in the lawsuit initiated by the US SEC, according to Feb. 27 court filings. The Chamber explained that the purpose of the amicus brief is to end the SEC’s attempted regulation of the digital asset industry through enforcement without legislative authority. The […]
Seven days after the new Bitcoin ETFs launched, I analyzed how they could put pressure on Bitcoin’s supply dynamics in an article called “If BlackRock continues 6k BTC daily buys, we get a supply crunch within 18 months; here’s why.’ On the day of publication, Jan. 18, Bitcoin closed at $41,248 after falling from a […]
As new information emerges that could potentially identify the creator of Bitcoin, speculation on the matter is being met with backlash on social media. Jack Mallers, founder and CEO of Bitcoin payment app Strike, said: “You guys gotta stop speculating on who Satoshi [Nakamoto] is … it’s so fiat … it’s childish … you sound […]
Uniswap has outpaced Bitcoin in fees paid by crypto traders for over a week, with the DEX surpassing Bitcoin on Feb. 14 According to data from Cryptofees, Uniswap raked in around $1.9 million in fees on Feb. 25, surpassing Bitcoin’s $1.2 million on the same day. This trend has persisted since mid-month, with Uniswap pulling […]
The following is a guest post from Robert Rhodin, the CEO of KeychainX. As the crypto market’s capitalization has grown, the diversity and complexity of assets also increase. This growth, supported by advanced technology and innovations, also increases the number of lost or inaccessible assets. It is estimated that hundreds of billions of dollars of […]
In November 2023, the Cosmos Hub community approved the contentious proposal 848, which reduced the maximum inflation rate of the native token ATOM to 10% from 20%. At the time, ATOM’s actual inflation rate stood at 14%. The proposal was expected to fall through. However, just before the deadline, there was a surge of votes […]
Aligned within a year of its three halving events, Bitcoin had three major bull runs in its 15-year history. After each one, in 2013, 2017 and 2021, Bitcoin price typically drops significantly until the next one. However, the post-Bitcoin ETF landscape seems to have created new rules of engagement. Since February 16th, Bitcoin ETF flows […]
The Energy Information Administration (EIA) paused the controversial survey of crypto mining firms on Feb. 23 following a lawsuit from members of the crypto mining sector. Crypto mining company Riot Platforms and the Texas Blockchain Council launched the lawsuit on Feb. 22. The case names the EIA, the Department of Energy, the Office of Management […]
Filecoin has surged to a new yearly high amid significant development within its ecosystem. The decentralized storage protocol’s FIL token price soared to a yearly peak of $8.43 but has slightly corrected to $7.92 as of press time, according to CryptoSlate data. Notably, FIL is the only digital asset among the top 25 cryptocurrencies by […]
Adam Back has submitted his early correspondence with Bitcoin creator Satoshi Nakamoto to a UK court as part of his testimony in the Crypto Open Patent Alliance (COPA) vs. Craig Wright trial on Feb. 22. Back is testifying against Wright, who claims to be the creator of Bitcoin and wants to assert a copyright claim […]
Nvidia reported increased demand for generative artificial intelligence (AI) and accelerated computing in its latest earnings report on Feb. 21. Jensen Huang, founder and CEO of Nvidia, said: “Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations.” Huang added that Nvidia RTX has become a […]
Amid tightening global crypto regulations, Backpack, a crypto exchange founded by former FTX executives, has broadened its reach to 11 US states, including California, Colorado, Indiana, Missouri, Wyoming, and others. In a Feb. 21 announcement on the social media platform X (formerly Twitter), the company disclosed its availability to residents within the states above, with […]
Celsius co-founder and ex-CEO Alex Mashinsky intends to rely on the same lawyers used by former FTX CEO Sam Bankman-Fried (SBF) to defend him against the criminal charges filed by the Department of Justice’s Southern District of New York (SDNY) in July 2023, Bloomberg News reported on Feb. 20. Prosecutors have asked Judge John Koeltl […]
Swiss authorities are investigating Tyr Capital, a crypto hedge fund, following accusations of disregarding risk warnings associated with the bankrupt FTX exchange before its November 2022 collapse, the Financial Times reported, citing legal documents filed in the Cayman Islands. According to the report, the investigations emanated from complaints of “criminal” mismanagement lodged by TGT, one of […]
US Senator Elizabeth Warren is reportedly seeking donations to prepare for a possible challenge to her Senate seat, FOX Business’ Eleanor Terrett said on Feb. 19. In an email obtained by Terrett, Warren wrote: “New reporting … indicates that I officially have a Republican challenger considering running against me for Senate in Massachussets.” Warren’s email […]
Quick Take BitMEX’s data analysis presents a clear picture of the recent Bitcoin inflows and outflows into the ETFs. The Bitcoin ETFs experienced a significant inflow of $331 million on Feb. 16, contributing to a weekly net flow of $2.273 billion. This robust inflow marks a continued trend since Jan. 11, with the total net […]
Bitcoin prices climbed nearly 70% in the fourth quarter of 2023 and the crypto market has been rebounding, marking the re-entry of small retail investors. However, retail investors, who lost billions of dollars in the 2022 market crash, are moving in more slowly and cautiously this time, compared to the bull market in 2021, according […]
The following is a guest post from John deVadoss. Davos in January 2024 was about one theme – AI. Vendors were hawking AI; sovereign states were touting their AI infrastructure; intergovernmental organizations were deliberating over AI’s regulatory implications; corporate chieftains were hyping AI’s promise; political titans were debating AI’s national security connotations; and almost everyone […]
The Crypto Open Patent Alliance (COPA) versus Dr. Craig Wright trial has been going on for ten days, with both sides refuting the other’s claims. The trial seeks to disprove Wright’s claim that he is the pseudonymous creator of Bitcoin — Satoshi Nakamoto. Here are some key highlights from the trial so far: Wright denies […]
UK-based digital bank Revolut is preparing to introduce more extensive crypto exchange services, according to a report from Coindesk on Feb. 16. That report cites an email to a UK customer describing a “new crypto exchange, built with advanced traders in mind.” The email also promises that the exchange will feature “deeper analytical tools and […]
US-based spot Bitcoin ETFs have accumulated close to $37 billion in assets under management (AUM) within the first 25 days of trading, according to market data. Incidentally, the total AUM of Bitcoin ETFs is a sizeable fraction of the overall AUM of gold ETFs, according to data shared by Bitcoin Archive. Bitcoin ETF and gold […]
Quick Take Despite the seeming prosperity indicated by stock market highs in major economies, including the S&P 500 in the US, DAX in Germany, CAC40 in France, and Nikkei 225 in Japan, a contrasting narrative of technical recessions and growing inequality is emerging. Notably, the United Kingdom and Japan have entered technical recessions – defined […]
Major US crypto exchange Coinbase published its latest financial report on Feb. 15, including fourth-quarter and full-year results for 2023. For Q4 2023, Coinbase reported a net income of $273 million and an adjusted EBITDA of $305 million. For the full year, it reported a net income of $95 million and adjusted EBITDA of $964 […]
Quick Take A data analysis snapshot from Bitcoin Munger presents an interesting nuance in the financial landscape. Gold Outfows: (Source: bitcoinmunger, Bloomberg) Historically considered a safe haven asset, Gold has experienced significant outflows from its ETFs. Bloomberg’s chart shows a downward trend, with roughly $3 billion outflows from various gold ETFs YTD and approximately $9 […]
Brian Nelson, Undersecretary for Terrorism and Financial Intelligence at the US Department of the Treasury, provided critical testimony to Congress on Feb. 14, challenging widely held beliefs about the role of crypto in funding terrorist activities. Amidst a backdrop of concerns over digital assets, Nelson’s insights during the House Financial Services Committee hearing painted a […]
Japan’s Financial Services Agency (FSA) has proposed new measures to bolster user protection against illicit transactions to crypto exchange platforms, according to a Feb. 14 recommendation to Japanese banks. The directive emphasized the need for banks to proactively protect their users from the risks attached to “unlawful money transfers” via “crypto-assets.” Therefore, the regulator, in […]
Executives at three asset management firms agreed during a Feb. 13 panel discussion that pending spot Ethereum ETFs have a 50% chance of approval this May. Matt Hougan, Global Head of Research for Bitwise Asset Management, said “I think it’s probable we will get an ETH ETF reasonably soon. I think there’s a 50/50 chance […]
Binance co-founder Changpeng Zhao’s sentencing, initially set for Feb. 23, has been rescheduled for April 30, as disclosed in a Feb. 12 court filing. Zhao faces potential imprisonment of up to 18 months based on US guidelines and provisions. However, the prosecutors have hinted at the possibility of seeking the statutory maximum prison sentence of […]
Solana Mobile said in a Feb. 12 announcement that it has attained 100,000 preorders for its upcoming “Chapter 2” mobile device. The firm said that those 100,000 preorders occurred over less than 30 days, noting that this number means that the early preorder price ($450) will end in 48 hours. Solana Mobile’s website adds that […]
Solana Labs said that the recent outage that halted blockchain transactions for five hours on Feb. 6 was caused by a bug developers caught a week earlier. Solana Labs published a detailed report on Feb. 9 outlining its investigation of the outage, which revealed that the known bug had multiple triggers, and developers had only […]
While the blockchain industry has correctly pointed out key issues in the worlds of legacy tech, finance, art, and culture, the revolution promised is yet to materialize, with the tools being designed to address those challenges are not yet at the required standard. Technical inefficiencies have stifled the development of truly decentralized systems, and decentralized […]
Tech entrepreneur Sam Altman is reportedly looking to raise between $5 trillion and $7 trillion to help fund the production of microchips to increase availability for AI and machine learning, the Wall Street Journal reported on Feb. 8. The funding would be used to establish factories or fund existing chip manufacturing companies, with OpenAI only […]
The New York Attorney General’s Office (NYAG) raised its fraud claims against Digital Currency Group (DCG) and related parties on Feb. 9. The NYAG’s lawsuit originally alleged over $1 billion in losses; however, it has been amended to include another $2 billion in losses — bringing the total to $3 billion, allegedly affecting more than […]
EigenLayer, an Ethereum-based restaking protocol, has surged past Uniswap, the foremost decentralized exchange (DEX) on the Ethereum network, regarding total locked value (TVL). Data from DeFillama shows that EigenLayer has emerged as the top-performing decentralized finance (DeFi) protocol over the past month. Its TVL skyrocketed by 171% in the last seven days alone, reaching $5.67 […]
Bakkt Holdings said in a press release on Feb. 8 that it is “confident” it will continue operating despite expressing concerns earlier over its liquidity in a regulatory filing. Bakkt wrote that “management remains confident” and intends to continue serving clients and moving toward profitability. The exchange added that its filing with the SEC for […]
Janet Yellen, U.S. Secretary of the Treasury, affirmed the need to regulate the cryptocurrency sector beyond securities laws on Feb. 6. Yellen made those remarks during a hearing before the U.S. House of Representatives Committee on Financial Services. There, she said: “The [Treasury’s Financial Stability Oversight Council (FSOC)] is focused on digital assets and related […]
The U.S. authorities’ planned survey of Bitcoin miners’ electricity usage has drawn steep criticism from the mining community, describing it as the genesis of “Operation Chokepoint 3.0.” Miners criticize the survey. Riot Platforms CEO Jason Les said the survey was “politically motivated, unlawful, and discriminatory” against the miners. According to him, the survey does not […]
Coin Center’s Director of Research, Peter Van Valkenburgh, has issued a stark warning regarding the escalating threat posed by artificial intelligence (AI) in fabricating identities. Valkenburgh sounded the alarm after an investigative report revealed details surrounding an underground website called OnlyFake, which claims to employ “neural networks” to create convincingly realistic fake IDs for a […]
Hong Kong’s Securities and Futures Commission (SFC) told unregistered Virtual Asset Trading Platforms (VATPs) within its region to submit their licensing applications by Feb. 29 or close their businesses by May 31, according to a Feb. 5 notice. The financial regulatory authority reaffirmed this deadline for cryptocurrency trading firms while advising investors to engage with […]
Former President Donald Trump expressed significant concerns about central bank digital currencies (CBDCs) and advancements in artificial intelligence (AI) during an interview on Fox’s Sunday Morning Futures. With the Republican Party potentially nominating him for the 2024 presidential election, Trump’s critical views on these issues are capturing widespread attention. CBDCs: A Pathway to Government Surveillance […]
In January 2024 alone, cryptocurrency projects lost $127 million due to hacking and fraud – six times more than in January 2023 and three times more than last December. In the meantime, losses in the crypto industry from breaches in 2023 decreased by more than half compared to 2022. Should we expect this decline to […]
This year’s Super Bowl will most likely exclude cryptocurrency-related advertisements, CNN reported on Feb. 2. Paul Hardart, a clinical professor of marketing for New York University’s Stern School of Business, said audiences will likely see a “notable shift away” from tech-related advertisements, especially those featuring crypto and AI. Hardart said in a statement to CNN: […]
Several recently launched spot Bitcoin ETFs now rank alongside the largest commodity ETFs in terms of assets under management (AUM). Combining VettaETF’s list of commodity ETFs with its list of blockchain ETFs produces the following results: Rank Ticker Name AUM (in millions of dollars) 1 GLD SPDR Gold Shares 56,206.8 2 IAU iShares Gold Trust […]
Quick Take Bitcoin’s difficulty adjustment is poised for another significant shift with an upcoming 7% adjustment, according to Newhedge. This marks the largest difficulty increase in almost a year since March 2023. The evolution of Bitcoin’s mining difficulty is a significant indicator of the network’s health and security. The previous difficulty adjustment registered a decrease […]
Options on spot Bitcoin exchange-traded funds (ETFs) may not earn regulatory approval for several months, Reuters reported on Feb. 1. Martin Leinweber, digital asset product strategist for MarketVector Indexes, told Reuters that it may take two to ten months for those options to gain approval. This implies a possible approval date between April and December […]
This February, several crypto projects, including prominent ones like Avalanche, Aptos, Sui, and others, are poised to release over $1 billion in digital assets, according to data compiled by CryptoSlate from Token Unlocks. Token unlocks refer to the gradual release of specific quantities of previously restricted cryptocurrencies to prevent substantial sell-offs by early investors or […]
Chris Larsen, executive chairman and co-founder of Ripple, said on Jan. 31 that several of his personal XRP accounts had been hacked. He wrote in a post on X: “Yesterday, there was unauthorized access to a few of my personal XRP accounts (not Ripple) – we were quickly able to catch the problem and notify […]
Ophelia Snyder, co-founder and president of 21Shares, called spot Bitcoin ETFs a success during an interview with Bloomberg on Jan. 30. 21Shares is responsible for a joint spot Bitcoin ETF with Ark Invest, one of several approved by the U.S. Securities and Exchange Commission (SEC) on Jan. 10. Snyder commented on those approvals, stating: “At […]
Grayscale’s Bitcoin Trust (GBTC) is experiencing a slowdown in outflows, with just under $200 million withdrawn from the fund on Jan. 29. Data from BitMEX Research indicates a total outflow of around $192 million during this reporting period. Notably, this marks the lowest outflows since the fund’s inception, surpassing only the initial day of trading […]
Bitcoin miner GRIID will begin trading its common stock under the “GRDI ” ticker on the Nasdaq stock exchange today, Jan. 29. The Ohio-based miner stated that its Nasdaq listing presents an ideal stage to continue demonstrating its leadership and innovation in the mining sector to a broader audience. GRIID CEO Trey Kelly expressed delight […]
Hong Kong has reportedly received its first application for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the city-state. According to a Jan. 29 Tencent report, Harvest Hong Kong, one of China’s leading fund managers, submitted the first application to the Securities and Futures Commission (SFC) on Jan. 26. This development is arriving just over […]
Vanguard decided not to offer clients access to Bitcoin ETFs because the flagship cryptocurrency is an “immature asset class” that does not align with its company philosophy, according to the firm’s executives. Vanguard Global Head of ETF Capital Markets and Broker and Index Relations Janel Jackson made the statement during a QA session, where she […]
In a detailed speech delivered in Naples on Jan. 26, CFTC Chair Rostin Behnam said regulators need to ramp up their efforts to supervise the budding cryptocurrency industry following the approval of Bitcoin ETFs, which does not imply the sector is regulated. Benham expressed significant concerns regarding the current state of cryptocurrency and digital asset […]
In a groundbreaking development for Bitcoin’s data indexing landscape, Trac Core has announced the launch of “Trac Core for TAP Protocol,” according to a Jan. 26 press release. Trac Core’s journey began in May 2023, focusing on developing decentralized data indexing technologies based on Ordinal-based metaprotocols. The TAP Protocol launch marks a pivotal moment in […]
The price of Bitcoin surpassed $42,000 on Jan. 26 amidst significant spot Bitcoin ETF flows and an upgrade to Coinbase’s stock rating. Bitcoin (BTC) was valued at $42,040.36 with a market cap of $824.4 billion at 8:05 pm UTC on Friday. That marks 5.3% growth over 24 hours. Bitcoin’s current price also represents a five-day […]
BlackRock’s iShares Bitcoin ETF (IBIT) has set a new benchmark in the cryptocurrency investment space by amassing over $2 billion in assets under management (AUM) just ten days after its trading debut, according to Bloomberg Terminal data. BlackRock now holds almost 50,000 BTC through its ETF. The rapid accumulation reflects the strong investor interest but […]
Bankrupt crypto lending platform Celsius has shifted 459,561 Ethereum (ETH), valued at over $1 billion, to centralized exchanges, including Coinbase, Paxos, and FalconX, in the past 24 hours, per on-chain data. In detail, more than 300,000 ETH, equivalent to $673 million, was sent to Coinbase Prime. The firm also moved 146,507 ETH, valued at around […]
The U.S. government has filed notice to sell $130 million of Bitcoin (BTC) previously seized connection with the Silk Road darknet marketplace. The government said that it says that it intends to dispose of (ie. sell) two lots of Bitcoin in any manner that the U.S. Attorney general directs. That will likely see the government […]
Quick Take Recent data analysis from Datamish reveals intriguing dynamics among Bitfinex whales, especially their consistent trend in closing long positions. As highlighted by CryptoSlate, a tangible reduction of 3,500 BTC was seen in early December, pulling the total down to 76,500 BTC. Despite the tumultuous journey Bitcoin has embarked on since then – reaching […]
Quick Take The digital asset landscape is seeing a noteworthy surge in Bitcoin whale activity, as signaled by CryptoSlate’s recent data analysis. Amid a 20% pullback from Bitcoin’s highs, these whales – entities holding 1k BTC or more – appear to be capitalizing on the opportunity to accumulate. A marked uptick in activity reveals a […]
The Bank for International Settlements (BIS) has revealed its strategic priorities for 2024, with a particular emphasis on Central Bank Digital Currencies (CBDCs) and tokenization. The 2024 roadmap points to a continuation of the watchdog’s engagement with digital financial technologies. The BIS has taken a heavily pro-CBDC stance and has published a comprehensive framework for […]
Quick Take Grayscale Bitcoin Trust (GBTC) experienced an outflow of $640 million on its seventh trading day, the most significant outflow observed since its inception, according to James Seyffart. The total outflow has now reached a staggering $3.45 billion. On the other hand, Seyffart indicates that BlackRock ETF (IBIT) witnessed a surge in inflows amounting to […]
Bitcoin has plunged below the critical threshold of $40,000, marking a significant downturn in the cryptocurrency’s value. Bitcoin was trading at $39,640 as of press time, down 18% from its peak of $49,000 earlier in January. The decline to around $40,000, Bitcoin’s lowest level since mid-December of the previous year, has been driven by a […]
Despite Beijing’s 2021 ban on crypto trading, a thriving underground market reportedly continues to operate in China. The Wall Street Journal (WSJ) reported that investors circumvent the country’s stringent regulations through informal networks through VPNs, social media, and physical trading. China is one of the world’s most stringent regions for crypto trading. Authorities actively pursue […]
The U.S. Securities and Exchange Commission (SEC) on Jan. 19 opened comments on proposals related to options trading on Bitcoin ETFs. One SEC notice concerns a proposed rule change allowing Nasdaq to list and trade options on BlackRock’s iShares Bitcoin Trust. A second SEC notice concerns a proposed rule change that would allow Cboe Exchange […]
The Bitcoin and digital asset mining firm Hut 8 responded to a recent critical report in a statement on Jan. 19. The mining company wrote: “Hut 8 Corp is aware of a short report … by J Capital Research, which is a self-proclaimed group of biased activists who clearly disclose that they will profit if […]
Bitcoin slumped to as low as $40,280 on Jan. 19, its lowest level since Dec. 12, 2023, before rebounding to $41,979 after four hours of consistent sell pressure that liquidated most long positions on major exchanges. As of press time, Bitcoin traded at $41,609 after failing to breach $42,000. Meanwhile, long liquidations stood at roughly […]
Inflation has ravaged Argentina. If you’d saved $100,000 USD worth of Argentine pesos in 1995, they would be worth about $310 USD today. In November 2023, the inflation rate was reported to be as high as 185%. Recently, the country’s struggling population has begun to turn to cryptocurrency as an improved payment method and a […]
Asset manager Roundhill has introduced the first covered call Bitcoin ETF in the U.S. market, according to a press release on Jan. 18. The exchange-traded fund is called the Roundhill Bitcoin Covered Call Strategy ETF. It trades under the ticker “YBTC” on the Cboe BZX exchange. Dave Mazza, Chief Strategy Officer at Roundhill Investments, said: […]
Two U.S. agencies announced on Jan. 16 that controversial transaction reporting rules do not apply to digital assets (ie. cryptocurrency). The Internal Revenue Service (IRS) and Department of the Treasury said: “Businesses … do not have to report the receipt of digital assets the same way as they must report the receipt of cash until […]
A court hearing between Coinbase and the U.S. Securities and Exchange Commission (SEC) took place on Jan. 17 concerning earlier charges. In June 2023, the SEC alleged that Coinbase illegally operated a unregistered national securities exchange, broker, and clearing agency and that its crypto staking service involved the unregistered sale and offering of securities. Though […]
Quick Take According to James Butterfill, analyst at CoinShares, net outflows have reached a staggering $424 million this week as investors increasingly opt for the more cost-efficient US funds. Since the launch of spot-based ETFs, Grayscale Bitcoin Trust (GBTC) has witnessed a significant trend reversal, with outflows totaling $1.18 billion. In contrast, the newly introduced […]
Cantor Fitzgerald CEO Howard Lutnick told reporters that USDT issuer Tether does, in fact, have the billions of dollars it needs to meet the 1 to 1 reserve requirements for its stablecoin. Lutnick made the confirmation during an interview with Bloomberg at the World Economic Forum in Davos on Jan. 16. His statement comes as […]
The approval of the first spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) on Jan. 10 was a significant milestone in the crypto market. However, the milestone led to even more significant volatility in Bitcoin’s price and on-chain activity. Initially, Bitcoin’s price showed a positive reaction to the news of the ETF […]
Over 650,000 units of staked Ethereum, valued at approximately $1.6 billion, were redeemed last week—the largest amount of redemption since the Shanghai Upgrade was completed last year. A Dune Analytics dashboard shared by Tom Wan, an analyst at 21 Shares, showed that the bankrupt crypto lender Celsius and staking service provider Figment were the primary […]
Bitcoin (BTC) fell below $42,000 for the second time over the weekend after failing to break above $43,100 amid subdued trading volumes after the ETF hype at the end of last week. As of press time, BTC was trading at $41,870 on most of the large exchanges. The price is still above the key support […]
The Big Blockchain Game List, created by Jon Jordan, found that 407 games out of the 1,322 games that were ever included in the list, were discontinued last year. Therefore, 31% of all blockchain games in the list were halted in 2023. Of the 407 games that went dark, the majority were shuttered in the […]
BlackRock has reportedly bought a staggering 11,500 Bitcoin from the available supply during the latest dip since the launch of its spot Bitcoin ETF. This amount is significant, considering that only 900 BTC are issued daily. The purchase by BlackRock effectively represents about 13 days’ worth of Bitcoin production being absorbed by a single player. […]
India blocked access to global crypto exchanges, including Binance, KuCoin, and OKX, on Jan. 12. India has instituted an IP block that prevents Indians from accessing the URLs of foreign crypto platforms. As per CryptoSlate’s investigation, however, it was still possible to access the websites of Binance, OKX, and KuCoin via Google Chrome without using […]
Jim Cramer, the outspoken host of CNBC’s “Mad Money,” recently sparked discussions in the financial community with his latest views on Bitcoin, signaling a “major top” in the cryptocurrency’s value. His tweet, discussing insights from trader Larry Williams, departed from his earlier bullish comments on Bitcoin. However, the Mad Money host did not divulge the […]
Senator Elizabeth Warren asserted on Jan. 11 that U.S. securities regulators incorrectly decided to approve spot Bitcoin ETFs. Warren wrote in a post on X: “The [Securities and Exchange Commission] is wrong on the law and wrong on the policy with respect to the Bitcoin ETF decision. If the SEC is going to let crypto […]
Vanguard has restricted its customers from purchasing Bitcoin ETFs, including the popular Grayscale Bitcoin ETF (GBTC), and reportedly plans to ban these products from its platform for being too risky. Vanguard’s decision to ban all Bitcoin ETFs from its platform was first reported by a senior ETF analyst at Bloomberg. The company told customers: “Currently […]
The derivatives market for Bitcoin (BTC) and Ethereum (ETH) experienced significant fluctuations following the incident on Jan. 9, where the U.S. Securities and Exchange Commission’s (SEC) Twitter account was compromised. This false announcement of a spot Bitcoin ETF approval led to a series of market reactions that wiped out over $50 billion in Bitcoin’s market […]
Bloomberg Terminal has listed all eleven spot Bitcoin exchange-traded funds (ETF) following their appearance on brokerage platforms, which strongly suggests imminent SEC approval. Bloomberg ETF analyst Eric Balchunas broke the news of the listing and believes the regulator will officially announce the approval within a few hours, between 4 pm to 6 pm Eastern time. […]
Two more asset managers have temporarily waived fees for their spot Bitcoin ETFs, Bloomberg ETF analyst James Seyffart said on Jan. 9. Seyffart indicated that WisdomTree will waive its fees for 6 months or the first $1 billion of assets, reducing fees from 0.30% to zero during the waiver period. He also indicated that Valkyrie […]
The following is a guest post by Kadan Stadelmann, CTO at Komodo Blockchain. A great debate on Bitcoin Ordinals, essentially NFTs on the Bitcoin blockchain, has broken out. One side of the debate believes there is no place for Ordinals on the Bitcoin blockchain. The other side believes ordinals are the perfect innovation for the […]
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 […]
Quick Take Between Oct. 2023 and Jan. 2024, Bitcoin’s market saw significant price appreciation, heavily influenced by anticipation around the approval of a Bitcoin spot ETF. The market’s spot prices surged from roughly $25,000 to $45,000. This potential catalyst for institutional adoption was predicted to enhance the digital assets market’s liquidity and maturity. Meanwhile, the […]
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 […]
Visa has revealed a new web3 loyalty engagement solution designed to meet modern consumers’ evolving digital needs, offering immersive experiences like gamified rewards, augmented reality treasure hunts, and novel ways to utilize loyalty points. The promotional video for the service states that “traditional loyalty programs are simply an exchange of spend and reward, but consumers […]
UniSat Wallet recently confirmed its alignment with the upcoming Ordinals Jubilee upgrade amid a broader discussion about the evolution and governance of the BRC-20 token standard, which operates on the Ordinals Protocol. UniSat Wallet, known for its role in the Ordinals marketplace, announced plans to adhere to the Ordinals Jubilee upgrade, ensuring that the BRC-20 […]
The U.S. Securities and Exchange Commission (SEC) might end up rejecting all applications for a spot Bitcoin exchange-traded fund (ETF) because “they fall short of a critical requirement,” digital asset management firm Matrixport wrote in a Jan. 3 note. This comes a day after Matrixport said Bitcoin could pump to $50k before the weekend. Instead, […]
Cosmos-based DEX Osmosis hit $1.121 billion in monthly volume during December 2023, based on DefiLlama data. The DEX’s native token OSMO has surged on the back of increased activity and is currently trading at $1.51, up 121.97% over the past 30 days, based on CryptoSlate data. It marks the first time the trading volume on […]
Phishing scams stole around $300 million worth of cryptocurrencies from 320,000 investors in 2023, according to the yearly report from web3 security firm Scam Sniffer. Phishing scams are one of the most common means of attack against the emerging industry and have resulted in the loss of millions of funds. In one incident, these scammers […]
Ethereum has released its roadmap for 2024, focusing on scalability, security, and sustainability improvements. Ethereum co-founder Vitalik Buterin announced the plan on social media on Dec. 31, outlining several key initiatives for the platform’s development. Enhancements in scalability In 2022, Ethereum underwent a significant change known as ‘The Merge,’ transitioning from a proof-of-work (PoW) to […]
The past year has witnessed the ascendancy of Zero-Knowledge (ZK) technology. From its potential to increase and secure privacy protocols in the Web3 space, to its increased efficiency in validating transactions, the implementation of the tech is further cementing the growth and integration of blockchain into our daily lives. Its role in increasing efficiency has […]
Bitwise has also updated its S-1 form submitted by the Dec. 29 deadline set by the SEC and revealed a planned $200 million seed investment for its spot Bitcoin (BTC) exchange-traded fund (ETF). The amount is 20x larger than the $10 million seed investment recently announced by BlackRock for its spot Bitcoin ETF. The SEC […]
A U.S. District Court has once again denied Binance founder Changpeng ‘CZ’ Zhao’s request to travel internationally in a sealed order, Bloomberg News reported. CZ, who is currently facing sentencing in the U.S. for criminal charges, had filed a motion seeking permission to visit the UAE, where his family resides. The motion was rejected by Judge […]
Coinbase Custody has made adjustments in preparation for its role in pending spot Bitcoin ETFs, Bloomberg reported on Dec. 29. A Coinbase representative said: “We have extensively prepared for ETF approval … Our systems have been designed and tested to handle added trading volume, increased liquidity and general increases in demand on our systems.” Part […]
Several Avalanche-based memecoins are up more than 100% today after the blockchain network’s Foundation revealed plans to start buying this class of digital assets through its Culture Catalyst initiative. Memecoin purchase goals In a Dec. 29 post on social media platform X (formerly Twitter), Avalanche Foundation said it would purchase “select Avalanche-based meme coins to […]
Quick Take Bitcoin (BTC), once viewed as a fringe digital asset, has ascended to claim the rank of the 16th largest currency worldwide when compared to various fiat currencies on a market capitalization basis. Measured by multiplying the total circulating supply of 19.5 million BTC by its unit price, Bitcoin’s market capitalization underscores its evolving […]
Quick Take CryptoSlate reported on Dec. 27 an intriguing trend observed among short-term holders (STH) of Bitcoin, based on data from Dec. 26. While STHs, who’ve held Bitcoin for less than 155 days, sent $2 billion worth of Bitcoin to exchanges, the majority of them sending Bitcoin at a loss. Despite this apparent setback, Dec. […]
The Russia-linked cryptocurrency exchange Bitzlato announced a temporary halt on certain withdrawal requests on Dec. 27, despite having had its assets seized by French authorities in January. The company wrote in a Telegram message: “… We are faced with the need to suspend special balance withdrawals and technical support. This is a temporary measure to […]
Quick Take MicroStrategy’s recent Bitcoin purchase for $615 million marks a significant stride in the company’s Bitcoin accumulation. This recent acquisition, which outstrips its previous buy in November, valued at $593 million, ranks as MicroStrategy’s third-largest Bitcoin purchase to date. With this procurement, the company added an impressive 14,620 Bitcoin to its holdings. However, this […]
Solana creator Anatoly Yakovenko recently referred to Solana as an Ethereum layer-2 solution through its Wormhole eigenlayer in a post on X. In the exchange, Yakovenko positioned the blockchain as an Ethereum layer-2 while responding to a tweet listing various other L2 solutions, including Arbitrum, Aztec, and Polygon, among others. He wrote: “Solana is ethereum! […]
Cryptocurrency project Telcoin has confirmed that a recent security breach impacted its mobile application, leading to a drop of more than 35% in the value of its native TEL coin within the past day. The incident was first reported on Dec. 25, and the company promptly halted its mobile application usage pending an investigation. In […]
Indian financial regulators continue to express significant reservations about the integration of cryptocurrencies into the country’s economic framework and believe there is no economic “upside” in making them regulated financial instruments, according to local media reports. These statements by senior officials from the central bank underscore the government’s cautious approach, emphasizing the potential threats these […]
Quick Take As 2023 draws to a close, analyzing options data provides revealing insights into Bitcoin’s perceived value. In the year-end options expiry on Dec. 29, $40,000 stands out as the distinct ‘call wall,’ a term used to describe the price at which the largest number of call options are set to expire. The market […]
It has been widely accepted that Bitcoin ETF applications have been the main driver for Bitcoin’s return to the April 2022 level at above $40k. The thesis is simple: with a new layer of institutional legitimacy, the capital pool for Bitcoin inflow would deepen. From hedge funds and commodity trading advisors (CTAs) to mutual and […]
In the decentralized finance (DeFi) space, each blockchain or protocol can be compared to a unique stall in a bustling marketplace. However, there’s a twist: each trader (blockchain) communicates using their rules and language. While this diversity fosters a hotbed of innovation, it simultaneously presents a formidable challenge — the absence of seamless and secure […]
The Bitcoin network witnessed a significant rise in mining difficulty, setting a new all-time high by surpassing 72 trillion at block height 822,528. The 6.98% increase from its previous level indicates an acceleration in mining operations around the globe, and the deployment of more powerful computing resources in the industry as miners prepare for the […]
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 […]
Stablecoin issuer Circle announced on Dec. 21 that it had received conditional registration under France’s cryptocurrency laws. Dante Disparte, Circle’s Chief Strategy Officer and Head of Global Policy, said: “The selection of France as our European regulatory base builds on the country’s clear rules for responsible innovation in fintech and digital assets, while leveraging France’s […]
Quick Take A recent examination of the Federal Reserve’s balance sheet reveals a significant trend of quantitative tightening. The balance sheet has contracted by approximately $15 billion in the past week alone, signaling possible upcoming economic shifts. As noted by Charlie Bilello, the Chief Market Strategist at Creative Planning, 2023 may set new records in […]
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 […]
Quick Take In 2024, the crypto market is set to witness two major events: the introduction of a Bitcoin spot ETF in January and the halving of Bitcoin block rewards in April. While both events will significantly influence the industry, the degree to which each event will affect market prices still remains a subject of […]
Solana overtook XRP to become the fifth-largest cryptocurrency on the crypto market on Dec. 20, based on current data. As of 11:30 p.m. UTC, Solana (SOL) reported a market cap of $34.8 billion. XRP, a coin associated with Ripple, reported a market cap of $33.3 billion. Solana’s high market standing appears to be due to […]
Quick Take As of Dec. 20, there has been an observable shift in the Bitcoin mining landscape, as the earnings from fees are beginning to surpass the conventional miner rewards. Traditionally, a miner is rewarded 6.25 Bitcoin for every block mined. However, due to an increasing frenzy surrounding inscriptions, the fees have begun to overtake […]
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 […]
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 […]
Leaders of the UK Treasury laid a set of rules called Digital Securities Sandbox (DSS) regulations before parliament on Dec. 18. A related memo explains that these regulations aim to create a controlled environment. This allows companies and regulators to test new technology in financial markets, overcoming existing regulatory obstacles and potentially fostering innovation in […]
FTX Debtors filed an amended Chapter 11 reorganization plan on Dec. 16 that will potentially lead to millions of dollars worth of losses for the defunct crypto exchange’s creditors. The plan proposes valuing the creditors’ claims at crypto prices on Nov. 11, 2022, the day FTX filed its bankruptcy petition. In the days leading up […]
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 […]
China’s launch of RealDID was announced on Dec. 12, a new digital identity service by the Blockchain Service Network (BSN) aimed at providing a “front-end anonymity and back-end real-name” digital identity network. The launch was announced in Beijing as a step toward a holistic digital identity, resulting from a collaboration between the National Information Center, […]
The blockchain gaming market could be on track for a meteoric rise fueled by the surging popularity of non-fungible tokens (NFTs) and innovative play-to-earn models, according to a recent report by Fortune Business Insights. The report predicts the global blockchain, or Web 3, gaming industry will balloon to a staggering $614.91 billion by 2030 from […]
Quick Take Recent market data indicates a significant shift in the Bitcoin landscape, with a notable 5% correction observed in Asia’s markets. This downtrend pulled Bitoin’s value down to approximately $40,250 before shooting back to $42,250, marking a roughly 10% drop from its peak for the year, previously around $45,000. Around $400 million was also […]
In a series of tweets, prominent crypto lawyer John Deaton leveled serious accusations against Senator Elizabeth Warren, a member of the Banking Committee, alleging misconduct in her oversight responsibilities of the Securities and Exchange Commission (SEC). Deaton’s tweets come after Warren’s latest attack on crypto during an appearance on CNBC’s Squawk Box on Dec. 8. […]
The European Union (EU) is leading the race to regulate artificial intelligence (AI). Putting an end to three days of negotiations, the European Council and the European Parliament reached a provisional agreement earlier today on what’s set to become the world’s first comprehensive regulation of AI. Carme Artigas, the Spanish Secretary of State for digitalization […]
The web3 gaming sector has seen growing interest from investors, resulting in notable price surges for gaming tokens in recent weeks, based on CryptoSlate data. Gaming has outperformed other crypto market sectors with an 800% increase in value over the past months. Industry experts believe that gaming is a key narrative in the upcoming bull […]
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 […]
U.S. Senators Mitt Romney (R-UT), Mark R. Warner (D-VA), Mike Rounds (R-SD), and Jack Reed (D-RI) have proposed legislation aimed at sanctioning foreign entities that facilitate financial transactions, including digital asset transactions, with Foreign Terrorist Organizations (FTOs) designated by the U.S. The bill, titled the Terrorism Financing Prevention Act, is a response to the increasing […]
Global investment management firm VanEck‘s 2024 predictions for crypto suggest a transformative year ahead for the sector, highlighting pivotal events and trends set to redefine the digital asset landscape from economic fluctuations to groundbreaking technological advancements. The forecasts are based on analysis beyond just the crypto sector, looking at economic trends, technological developments, and regulatory […]
Meanwhile Group has introduced a novel Bitcoin investment vehicle called the Meanwhile BTC Private Credit Fund LP through its subsidiary, Meanwhile Advisors, according to a Dec. 7 press release. The startup is backed by notable investors, including Sam Altman and Gradient Ventures, and raised $20 million in its recent seed funding round. Meanwhile is looking […]
Solana Labs co-founder Anatoly Yakovenko responded to underwhelming sales of his firm’s smartphone in an interview with Unchained Crypto on Dec 5. The firm unveiled its Android smartphone, Saga, in June 2022 and launched the device in 2023. The company aimed to provide users with a device tailored to web3. Specifically, it promised an app […]
Quick Take The Stablecoin Supply Ratio (SSR), a critical parameter gauging the buying power of stablecoins against Bitcoin, has seen significant movement lately. This ratio, calculated as Bitcoin Market Cap divided by Stablecoin Market Cap, offers key insights into the supply-demand dynamics between Bitcoin and USD. The lower the SSR, the greater the potential purchasing […]
Decentralized finance (DeFi) emerged as a movement with the promise of revolutionizing the global financial system based on a simple yet powerful premise — offering access to better solutions with its peer-to-peer asset transfer and smart contract-powered autonomy. Since 2015, multiple sub-sectors like lending, trading, and automatic market-making quickly emerged, amassing US$175 billion in Total […]
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 […]
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 […]
