CryptoSlate Wrapped Daily: More Bitcoin leaves Coinbase; Kraken CEO deems Binance’s proof of reserves ‘pointless’ Coinbase reserve declined by 50,000 BTC daily between Nov. 23 and Nov. 27-equating to roughly $3 billion, JP Morgan said that the coming regulation may lead to convergence of crypto and TradFi, and much more in this edition of CryptoSlate …
Continue reading “ETH deflationary gains erased post-FTX collapse”
Nexo released a page of its proof of reserve indicating it had $3.4 billion in customer deposits. Through a Twitter thread, the exchange explained its reserves, treasury management practices and its refusal to extend uncollateralized loans to popular digital assets managers. 2 min read Updated: November 29, 2022 at 3:57 pm Cover art/illustration via CryptoSlate …
Continue reading “NEXO releases proof of reserves showing no exposure to FTX”
SlateAsia – biweekly podcast focusing on news, analysis and industry insight into the Asian crypto markets 23 min watch Updated: November 29, 2022 at 3:40 pm [embedded content] Introducing SlateAsia, a new podcast from CryptoSlate focusing on the Asian markets within the crypto industry. CryptoSlate’s Akiba is joined by Jason Fang of Sora Ventures for …
The chart above demonstrates the BVIN index since the end of 2021 and shows that it exceeded 100% on three occasions in February, July, and November. BTC volatility has been lingering at its all time-lows before the FTX collapse. It became so stagnant that the British Pound’s volatility exceeded that of BTC. However, the FTX …
Continue reading “Bitcoin Volatility Index exceeds 100% for the third time in 2022”
BlockFi became the latest platform to succumb to crypto contagion, filing for Chapter 11 bankruptcy on Nov. 28. Weeks before, after FTX had also filed for bankruptcy, BlockFi issued a statement saying it could not “operate business as usual.” At the same time, the firm implemented a pause on withdrawals to “protect our clients and their …
Continue reading “Exchanges dismiss rumors of insolvency amid rampant speculation”
With non-fungible token (NFT) sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. According to a report published on Monday and “multiple people familiar with the situation,” the NFT company Candy Digital is laying off …
Continue reading “Report: NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff”
Chainlink raced to a 20-day high on Nov. 29, as the token surged for a second straight day. Cryptocurrency markets were mostly higher in today’s session, following a sluggish start to the week. Dogecoin was another notable gainer on Tuesday, as the meme coin rebounded from yesterday’s losses. Chainlink (LINK) Chainlink (LINK) climbed to its …
Continue reading “Biggest Movers: LINK Hits 20-Day High, DOGE Rebounds From Monday’s Losses”
Non-fungible token (NFT) sales have shown improvement during the last month as 30-day statistics show NFT sales are up 22.37% higher than the month prior. During the last seven days, NFT sales are up 5.13% higher than the week before. Additionally, over the last two days, the floor value of Bored Ape Yacht Club (BAYC) …
Ethereum rose back above $1,200 on Tuesday, ahead of the upcoming consumer confidence report from the United States. The price comes following a breakout above a key resistance level of $1,180. Bitcoin also climbed higher in today’s session, ending a five-day losing streak. Bitcoin Bitcoin (BTC) snapped a five-day losing streak on Tuesday, as prices …
Roberto Campos Neto, president of the Bank of Brazil, explained the role that the Brazilian central bank digital currency (CBDC), the digital real, might play in the future of personal finance. At an event, Neto explained the concept of “open finance,” showing a “super app” that featured PIX (a payments network) functionality, and also integration …
press release Join the Verse public token sale now and purchase VERSE tokens using BTC, BCH, ETH and USDT/USDC. Sale closes Dec 1 at 0:00 UTC. Bitcoin.com, a digital ecosystem that offers secure self-custody solutions for users to easily interact with cryptocurrencies, has formed a mutually beneficial strategic partnership with Poly Network to support Bitcoin.com’s …
Continue reading “Bitcoin․com Announces Strategic Partnership with Poly Network”
The collapse of Do Kwon’s Terra empire in May, and Sam Bankman-Fried’s FTX in early November 2022, will be remembered as two incidents that put the crypto industry on the back foot. It is now widely expected that regulators around the world will use the two incidents to justify the establishment of regulatory regimes that …
The President of the European Central Bank, Christine Lagarde, has advocated for regulations and supervision in the crypto sector. Lagarde has said that these regulations […] Go to Source
The Irish Data Protection Commission (DPC) recently slapped Facebook’s parent company, Meta, with a 265 million euros fine (equivalent to $274.8 million). The fine was […] Go to Source
Crypto lender BlockFi has filed for Chapter 11 bankruptcy after significant exposure to the collapsed FTX exchange. BlockFi showed signs of financial stress after the […] Go to Source
