A leading crypto analytics firm says deep-pocketed whales are quickly accumulating Cardano (ADA) and Litecoin (LTC). Santiment says Cardano is likely undervalued given how much whales and sharks are grabbing it up. “Is Cardano severely undervalued at this point? One of santimentfeed’s key community members certainly sees data making this case, such as sharks and …
Yearly archives: 2022
Over 1,400 Chinese firms operating in blockchain industry, national whitepaper shows
On Dec 29, the state-owned China Academy for Information and Communications Technology, or CAICT, published a document titled “2022 Blockchain Whitepaper.” According to the paper, more than 1,400 blockchain firms are currently based in Mainland China. Together with the U.S., the two countries represent a 52% market share in terms of global blockchain enterprises. The …
An overview of the metaverse in 2022
Recognized as one of the most turbulent years for the cryptocurrency and blockchain industry, 2022 has still been vigorous for the metaverse. With over $120 billion invested in the first half of the year alone — according to a McKinsey report — the industry is anything but broken. Some of the most significant partnerships to …
Chinese Communist Party official pleads guilty to helping Bitcoin miners
According to a report published by state-owned daily news program Xinwen Lianbo on Dec. 29, Xiao Yi, the former Communist Party secretary of the City of Fuzhou, pleaded guilty to corruption charges in the Zhejiang Hangzhou Intermediate People’s Court. During his tenure as director from 2008 to 2021, Yi was accused of accepting over 125 …
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BTC price preserves $16.5K, but funding rates raise risk of new Bitcoin lows
Bitcoin (BTC) staged a modest recovery on Dec. 29 as United States stock markets rebounded in step. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $10,000 BTC price targets stick Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering above $16,600 at the Wall Street open after wicking below $16,500 for a second day. The …
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Is Ripple A Good Cryptocurrency Investment In 2022?
Ripple (XRP) is not only one of the most prominent cryptocurrencies in the world, but also one of the most fascinating. It does not pride itself on decentralization in the same way that Bitcoin, Ethereum, and other well-known cryptocurrencies do. Instead, the cryptocurrency is intimately linked to a number of financial institutions, investment firms, and …
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Op-ed: The FTX collapse is likely the bottom for the crypto market, if this one thing happens
When investors put money on an exchange, they shouldn’t have to worry if it’ll vanish tomorrow. Their only worry should be the price of their Bitcoin, Ethereum or other cryptocurrency investments. As much as we don’t want overregulation, the crypto industry needs a transparent framework. More Crypto Companies Could Go Bankrupt In FTX’s Wake FTX …
Celsius, FTX, Voyager users sell bankruptcy claims for pennies on the dollar
Hundreds of Celsius, FTX, and Voyager customers have opted to avoid the bankruptcy process by selling their claims for a fraction of their face value, the Wall Street Journal reported. Mt. Gox serves as a reminder of what may lie ahead Bankruptcy administration can take many years to resolve depending on the case’s complexity. Bitcoin …
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Binance secures 14 licenses, grows headcount to 7,500 in 2022
The exchange has 7,500 employees and over 120 million users across the globe as of the end of 2022. 1 min read Updated: December 29, 2022 at 12:26 pm Cover art/illustration via CryptoSlate Binance saw steady growth in 2022, securing 14 licenses and increasing its headcount to 7,500 people representing over 100 nationalities. It also …
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Old tweet from Shiba Inu lead resurfaces teasing end of year development
Twitter user @ShibaInuHodler drew speculation over a message posted by Shiba Inu Lead Developer Shytoshi Kusama in January 2022. “Shytoshi is hinting at something for the #SHIB community!!! New Partnership incoming?! #shibarium?” Shytoshi’s somewhat cryptic message mentioned a discussion with his mentor and the agreement that by the end of 2022, “it will become impossible …
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Pudgy Penguins transaction volume surges 599% in 7 days
The transaction volume of the NFT collection is currently 1,534 ETH. 1 min read Updated: December 29, 2022 at 9:46 am Cover art/illustration via CryptoSlate NFT collection Pudgy Penguins‘s transaction volume recorded a 599% surge in the past seven days and reached 1,534 Ethereum (ETH), WuBlockchain reported. The collection was launched in July 2021 and …
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Disputed Robinhood shares may be moved to neutral account at BlockFi’s request
A judge will decide whether to move the assets in January 2023. 1 min read Updated: December 29, 2022 at 9:03 am Cover art/illustration via CryptoSlate The judge overseeing BlockFi’s ongoing bankruptcy case agreed today to review a request that could see 56 million Robinhood shares moved to a neutral location, according to a report …
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BTC miner balances poised for selloff as sell pressure increases
CryptoSlate’s analysis of potential all-time high miner capitulation in 2023 and whether mining BTC selloff will occur. 2 min read Updated: December 28, 2022 at 9:48 pm Cover art/illustration via CryptoSlate Bitcoin (BTC) miner balances started at 1.82 million BTC at the beginning of the year. Despite peaks of capitulation and significant selloff volume, BTC …
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China to Launch ‘Digital Asset Trading Platform,’ Media Report Unveils
A marketplace for digital assets is soon going to open in China under a public-private partnership, local media revealed. According to the report, the goal is to establish a regulated trading platform for digital collectibles as part of government efforts to curb market speculation with such assets. National Marketplace to Support Trading of Digital Collectibles …
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Argentine Peso Breaks Historic Low Mark as Argentines Hedge Savings in Dollars
The U.S dollar-Argentine peso exchange rate escalated during December, with the Argentine fiat currency reaching new historic lows as citizens ran to exchange their holiday payments for dollars. The U.S. dollar reached a value of 356 pesos on December 28, losing almost 10% during just one week, and threatening to spur a more significant inflationary …
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