Amber Group’s co-founder Tiantian Kullander passes away at 30

Amber Group’s co-founder Tiantian Kullander, also known as TT, unexpectedly passed away in his sleep on Nov. 23, according to the company’s official website. Tiantian was 30 years old and leaves behind a wife and a son. Besides co-founding the Hong Kong-based Amber Group, TT sat on the board of the e-sports company Fnatic and …

Price analysis 11/25: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI

FTX’s collapse dealt a major blow to the already fragile sentiment among cryptocurrency investors. Although a quick recovery is unlikely, Blockchain analysis firm Chainalysis said that the crypto universe could emerge stronger from this crisis. Chainalysis’ research lead Eric Jardine arrived at the conclusion after comparing FTX’s fall to that of Mt. Gox. Another calming …

Disaster looms for Digital Currency Group thanks to regulators and whales

The cryptocurrency tide is flowing out, and it looks more and more like Digital Currency Group (DCG) has been skinny dipping. But let’s be clear: The current crypto contagion isn’t a failure of crypto as a technology or long-term investment. DCG’s problem is one of failure by regulators and gatekeepers. Since its 2013 inception, DCG’s …

Huobi Token continues run of strong form, up 64% since bottoming

The Huobi Token (HT) recorded 64% gains, rising from a local bottom of $3.70 on Nov. 13 to a price of $6.06 at the time of press. Source: HTUSDT on TradingView.com Following a run on FTX, that culminated in the exchange filing for Chapter 11 bankruptcy, cryptocurrency token prices have had a torrid time in …

Massive staked Ethereum withdrawals by whales allow arbitrageurs to profit

Lido (LDO) staked Ethereum (stETH) traded at a discount to Ethereum (ETH) on Curve after a whale removed 84,131 ETH ($101 million) from the protocol, allowing arbitrageurs to profit from the situation. Peckshield also reported that a whale withdrew 42,400 stETH from Aave. #PeckShieldAlert A Whale has withdrawn ~42.4k $stETH (~$50M) from Aave Protocol V2 …

Bitcoin worth $1.5B withdrawn from Coinbase in 48 hours

50,000 Bitcoin were withdrawn from Coinbase on Nov. 24 and 25, marking the third-largest withdrawal from the exchange. 2 min read Updated: November 25, 2022 at 3:50 pm Cover art/illustration via CryptoSlate A total of 100,000 Bitcoin (BTC) were withdrawn from Coinbase in the past two days, marking the third-largest BTC withdrawal in Coinbase’s history. …

Binance publishes BTC proof of reserves to provide more transparency on customer funds

Binance released its Bitcoin proof-of-reserves, showing that it currently holds more than 585,000 BTC — almost 7000 BTC more than the total customer deposits. 2 min read Updated: November 25, 2022 at 2:54 pm Cover art/illustration via CryptoSlate Following promises from Binance CEO CZ, the exchange has released proof of reserves for Bitcoin held on …

Mid-cap tokens outperform Bitcoin over past 7 days as BNB hits 6% market dominance

Tokens with a market cap between $100M and $1B have outperformed the market over the past 7days, according to data analyzed by CryptoSlate. Cover art/illustration via CryptoSlate Over the past seven days, mid-cap altcoins have outperformed large-cap and small-cap tokens by some margin compared to Bitcoin. As a result, Bitcoin’s dominance has fallen to 40%  …

CoinList denies insolvency rumors, claims technical difficulties causing issues with withdrawals

Crypto exchange CoinList said it is experiencing technical issues that are affecting its users’ deposits and withdrawals. 1 min read Updated: November 25, 2022 at 1:39 pm Cover art/illustration via CryptoSlate Crypto exchange CoinList on Nov. 24 said it was not insolvent, despite its users reporting their inability to withdraw assets. 1/ There is a …

CryptoSlate Daily wMarket Update – Nov. 24: Dogecoin leads large caps during flat 24 hours

The cryptocurrency market cap saw net inflows of $1.1 billion over the last 24 hours and currently stands at $832.1 billion, up 0.14% over the reporting period. Bitcoin’s market cap fell 0.1% to $317.6 billion from $317.9 billion, and Ethereum’s decreased 0.1% to $146.1 billion from $146.3 billion. The top 10 cryptocurrencies saw a mixed …

Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Additional Assets Coming Soon

On Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the snapshot provided by Binance shows the firm’s onchain reserves equate to 582,485 bitcoin, while the company’s customer net balance is roughly 575,742 bitcoin. Binance’s Bitcoin …

Biggest Movers: XRP Climbs to 3-Week High, DOGE Nearly 10% Higher

Xrp rallied to a three-week high on Friday, breaking out of a long-term resistance level in the process. The token rose to its highest level since early November, as prices surged for a fifth straight session. Dogecoin also hit a multi-week high, rising by nearly 10% today. XRP, formerly known as ripple, rose for a …

Ethereum Software Company Consensys Collects User Data, Privacy Policy Discloses

Crypto users have been complaining about a recent Consensys privacy policy update that says when Infura is leveraged as a remote procedure call (RPC) via Metamask, wallet and IP address data is collected. The news follows a similar decision the decentralized exchange (dex) platform Uniswap recently made concerning data collection. The dex platform’s operator, Uniswap …

Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Lower on Black Friday

Bitcoin was marginally lower on Nov. 25, as markets returned to action following the U.S. Thanksgiving holiday. Overall, cryptocurrency markets were mostly in consolidation in today’s session, with the global market cap up 0.12% as of writing. Ethereum was also largely unchanged, with the token hovering below $1,200. Bitcoin Bitcoin (BTC) was mostly unchanged on …

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