What’s Next As Algorand Price Remains Congested

Algorand price continues to pack negative price action throughout the month of November. The altcoin has depreciated by more than 40% since the beginning of this month. Over the last 24 hours, ALGO has just risen by 0.6% on its chart, emphasizing continued lateral price movement. Currently, the coin has been stuck at a crucial …

Celo Sees 20% Gains In Last Week As The Broader Crypto Market Retreats

CELO’s price is currently at $0.6101, with a trading volume of $44,775,558. It is currently ranked number 97 on CoinMarketCap. The trading volume has decreased by over 73% in the last 24 hours. CELO shocked many market observers with a 33.51% price jump on Sunday and had a trading volume of $227,794,699.69. Although the token …

CrossTower to acquire institutional prime brokerage BEQUANT

Cryptocurrency exchange CrossTower Inc has agreed to buy digital asset trading platform BEQUANT, which comes after months of window shopping by CrossTower for crypto companies, including a recently revised offer for Voyager Digital’s assets. The Nov. 28 acquisition will provide CrossTower with over 600 new professional exchange clients in addition to its existing clientele. The …

Sam Bankman-Fried reveals the circumstances behind Bahamian withdrawals

FTX’s former CEO Sam Bankman-Fried has divulged what really went on in the days before it filed for bankruptcy when the exchange selectively reopened withdrawals — only for Bahamian users.  In a telephone interview with crypto blogger Tiffany Fong, dated Nov. 16, Bankman-Fried claims to have made the decision to reopen withdrawals to Bahamian citizens …

Cardano’s Charles Hoskinson Predicts Crypto Will Play Significant Role in Elon Musk’s Twitter Takeover

Cardano (ADA) creator Charles Hoskinson thinks Elon Musk “has every intention” of integrating crypto into Twitter. At a Web Summit Event this month, Hoskinson predicted that Musk’s Twitter ownership will bring crypto to 200 million people. He speculated that Twitter could integrate with one of Musk’s favorite cryptos, Dogecoin (DOGE), but noted that DOGE’s technology at …

MetaMask Meets New Competitor As Crypto Wallet Phantom Expands to Ethereum (ETH) and Polygon (MATIC)

Crypto wallet Phantom is expanding its services to the Ethereum (ETH) and Polygon (MATIC) blockchains, bringing competition to other popular non-custodial wallets like MetaMask. Announcing via Twitter, Phantom says it was founded with the intention of eventually expanding into a multichain existence, starting with the Ethereum network. “Phantom was actually founded with the intent of …

Coin Bureau Host Predicts Centralized Crypto Exchanges Will Be Displaced in Coming Years

A popular crypto analyst thinks decentralized exchanges (DEXs) will take over crypto in the wake of the recent FTX collapse that spurred fears about centralized exchange (CEX) transparency. Despite his own prediction, pseudonymous Coin Bureau host Guy warns his 2.17 million YouTube subscribers that it will take “some time” time before the DEX experience can …

Learn from FTX and stop investing in speculation

The FTX collapse marks more than just the failure of another crypto exchange. It signals the time has come for the industry to grow up and embrace value. The value schism is here.  FTX was the world’s second-largest crypto exchange. Now, it is a meme for the death rattle of absurd amounts of money being …

‘I never opened the code for FTX’: SBF has long, candid talk with vlogger

Former FTX head Sam Bankman-Fried (SBF) selected cryptocurrency vlogger Tiffany Fong for a series of lengthy and candid telephone interviews. In the two interviews that had been released on YouTube at press time, SBF speaks about many of the major questions connected with the collapse of FTX. The first interview was conducted Nov. 6 and …

The creator of the FTSE100 launches indices for crypto

FTSE Russell, creator of the FTSE100 stock index, has released a series of indices whose constituents are digital assets, according to a press release released via its website on Nov. 29. The series has been produced in cooperation with Digital Asset Research. FTSE Russell is a subsidiary of the London Stock Exchange. The 2022 performance of the …

US lawmaker questions major crypto exchanges on consumer protection amid FTX collapse

Ron Wyden, chair for the United States Senate Finance Committee, has requested information from six crypto firms on consumer protection following FTX’s liquidity issues and bankruptcy. In separate letters dated on Nov. 28, Wyden targeted Binance, Coinbase, Bitfinex, Gemini, Kraken and KuCoin, requesting information on what protections the exchanges had in place if a failure …

Gemini reveals $601M GUSD backing, 45+ licenses amid global exchange turmoil

The Winklevoss Twins-backed exchange Gemini has announced a “Trust Center” to display a breakdown of funds held on the platform. The page, hosted on the Gemini website, reveals that it holds over $4.6 billion in crypto assets with $601 million in the treasury to back its stablecoin GUSD. However, data from several sources, including CryptoSlate’s …

CryptoSlate Wrapped Daily: Ethereum losses deflationary gains; Andre Cronje reveals how DeFi saved Fantom

The biggest news in the cryptoverse for Nov. 29 includes exchanges dismissing rumors of insolvency, NEXO releasing proof of reserves, Andre Cronje revealing how DeFi helped Fantom grow its reserve, U.S. politician Beto O’Rourke returning a $1 million donation to Sam Bankman-Fried, and ETH erasing 80% of deflationary gains post-FTX collapse. CryptoSlate Top Stories Exchanges …

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