The current financial conditions are challenging for all financial markets, including Bitcoin, according to SilverGate CEO Alan Lane 1 min read Updated: November 30, 2022 at 7:36 pm Cover art/illustration via CryptoSlate In a recent interview with CNBC, SilverGate CEO Alan Lane gave his take on the battered crypto market, saying this is a deep …
Monthly archives: December 2022
Telegram to build non-custodial wallets and decentralized exchanges, says CEO Pavel Durov
Pavel Durov, the founder of Telegram, announced that the company would launch a range of decentralized cryptocurrency products, including a decentralized exchange (DEX) and a non-custodial wallet. Telegram’s next step is to build a set of decentralized tools, including non-custodial wallets and decentralized exchanges for millions of people to securely trade and store cryptocurrencies. This …
XeggeX sets industry standards for exchange transparency
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › The recent collapse of the FTX exchange has made transparency a crucial topic in the crypto community. For a long time, several stakeholders have been advocating for more openness in exchanges. The incident has led many …
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BTC maximalists up in arms after Casa adds ETH
BTC maximalists went up in arms against custodial service provider Casa for adding Ethereum support. 2 min read Updated: November 30, 2022 at 6:26 pm Cover art/illustration via CryptoSlate Bitcoin maximalists reacted negatively to the news of Casa unveiling a new app with Ethereum support. The custodial service has been storing Bitcoin since it started, …
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Markets Spike After Fed Chair Says It ‘Makes Sense to Moderate the Pace’ of Rate Hikes, Hints Easing Could Happen in December
Equities, precious metals, and cryptocurrencies shined on Wednesday following Federal Reserve chairman Jerome Powell’s speech at the Brookings Institution in Washington. The crypto economy increased 3.11% to $860 billion, while the top four stock indexes jumped between 2% to 5% higher on Nov. 30. Stocks, Crypto, and Precious Metal Markets Jump Higher Against the Greenback …
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022, statistics show if miners paying for electricity pay roughly $0.12 per kilowatt hour (kWh), only three application-specific integrated circuit (ASIC) …
ECB Blog Post Insists This Is ‘Bitcoin’s Last Stand,’ Officials Claim BTC Is Headed Toward ‘Irrelevance’
On Wednesday, Nov. 30, 2022, a blog post published by the European Central Bank (ECB) discusses bitcoin and the authors Ulrich Bindseil and Jürgen Schaaf seem to believe its “bitcoin’s last stand.” The ECB authors further say that while bitcoin’s price has consolidated and stabilized, the central bank officials remarked that “it is an artificially …