Top US-based crypto exchange platform Coinbase is issuing a warning to its customers, advising them to convert their Tether (USDT) stablecoin holdings into USD Coin (USDC). In a new company blog post, Coinbase tells its customers that USD Coin is one of the most trusted reputable stablecoins on the market and says that it would …
Yearly archives: 2022
Lessons we learned from the Terraform-FTX implosions
In May 2022, Terraform Labs’ LUNA cryptocurrency and TerraUSD (UST) stablecoin collapsed, triggering a massive shock in the crypto industry. Six months later, the bruised industry took another hammering as one of the largest cryptocurrency exchanges, FTX, filed for bankruptcy protection and billions of dollars of user assets went missing. The FTX empire, once valued …
Continue reading “Lessons we learned from the Terraform-FTX implosions”
Data shows the Bitcoin mining bear market has a ways to go
Bitcoin (BTC) mining is the backbone of the BTC ecosystem and miners’ returns also provide insight into BTC’s price movements and the health of the wider crypto sector. It is well-documented that Bitcoin miners are struggling in the current bear market. Blockstream, a leading Bitcoin miner recently raised funds at a 70% discount. Current mining …
Continue reading “Data shows the Bitcoin mining bear market has a ways to go”
SBF Refutes He Tried to Attack Tether and “Hunted” Terra Positions of Three Arrows
Sam Bankman-Fried, the former CEO of FTX, has refuted many of the accusations made against him since his resignation, but he was clear today that […] Go to Source
PancakeSwap Price Prediction for Today, 09 December: CAKE Awaiting a Spark from Bulls or Bears
Buyers’ and Sellers’ momentum is equal in the CAKE market CAKEUSD Price Analysis – 09 December Should buyers’ momentum increase, the price may break up […] Go to Source
Brazil Fan Token drops 50% fall in hours after the Croatia World Cup loss
BFT was launched by Brazil’s government and football federation on August 25, 2021, offering special privileged experiences to investors and sports fans. 1 min read Updated: December 9, 2022 at 8:05 pm Cover art/illustration via CryptoSlate Brazil National Fan Token is down 50% in a few hours and about 56% in 24 hours after losing …
Continue reading “Brazil Fan Token drops 50% fall in hours after the Croatia World Cup loss”
Rural Kenya harnesses stranded potential energy to mine BTC using hydropower
A rural village in Kenya has been using off-grid energy generated using hydropower to mine Bitcoin (BTC) and power 500 families nearby. Bitcoin Is Key To An Abundant Clean Energy Future pic.twitter.com/cLY9JWXIE9 — Miles Suter 🏴 (@milessuter) December 9, 2022 The news was shared by Cash App Product Lead Miles Suter, along with a video …
Continue reading “Rural Kenya harnesses stranded potential energy to mine BTC using hydropower”
CryptoSlate Wrapped Daily: CZ, SBF trade jabs in Twitter feud; Bitcoin firmly in capitulation phase
The biggest news in the cryptoverse for Dec. 9 includes a Twitter sparring between Binance CEO Changpeng Zhao and former FTX CEO Sam Bankman-Fried, and Hut8, Riot, and Marathon are emerging as the only public miners that increased their BTC holdings in November. CryptoSlate Top Stories The Artificial Intelligence (AI) cryptocurrency sector grew 12.3% over the last …
Step App is revolutionizing the fitness industry with blockchain technology.
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Step App is a pioneering Web3 company encouraging healthier, wealthier, and happier lives for people globally. In early 2022, Step App entered the first stages of development and within 8 months Step App grew from an …
Continue reading “Step App is revolutionizing the fitness industry with blockchain technology.”
The Block CEO resigns after failing to disclose $27 million in personal loans from Alameda Research
Crypto news outlet The Block’s CEO Michael McCaffrey has resigned after failing to disclose a series of loans from Alameda Research – a company linked to former FTX head Sam Bankman-Fried (SBF). McCaffrey took over as CEO in 2021 after using a $12 million loan from Alameda to buy out other investors in the company. …
Genesis Block customer funds sent directly to Alameda accounts before FTX fall out
There is data to suggest that the customer funds sent to Genesis Block were processed and received by Alameda, according to emerging reports from Mike Burgersburg of Dirty Bubble Media. Burgersburg recently provided critical insights into the space, such as the flawed tokenomics of FTX’s FTT token ahead of CZ’s decision to sell its tokens. …
Report Shows Crypto News Publication The Block Was Secretly Funded by Bankman-Fried’s Alameda
On Dec. 9, 2022, Axios reporter Sara Fischer reported on the CEO of the crypto media The Block after it was discovered that the chief executive was secretly funded by Alameda Research, the now-defunct trading firm co-founded by Sam Bankman-Fried. According to the report, sources say The Block executive Michael McCaffrey received $16 million in …
Ethereum’s Shanghai Hard Fork Could Happen in March 2023, ETH Dev Says Staking Withdrawals Is the ‘Highest Priority’
According to a recent Ethereum Core development meeting on Dec. 8, developers disclosed that the next Ethereum hard fork, called Shanghai, could be implemented by March 2023. It’s been suggested that the Shanghai hard fork will be able to manage the network’s staked ethereum withdrawals. Ethereum Devs Aim for Hard Fork Target ‘Around March-ish’ On …
Coinbase Entices Users to Switch From USDT to USDC, Crypto Firm Says Recent Events ‘Put Some Stablecoins to the Test’
Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset usd coin. The company’s blog post specifically mentions switching the stablecoin asset tether over to usd coin, and the firm is offering “zero …
ZOGI Token Launches on Cronos, BNB Chain and Ethereum With Revolutionary Wrapper
sponsored Dubai, December 9th – Zogi Labs, a pioneering crypto company & gaming studio famously known for the BEZOGE token and the up-and-coming crypto-based MMORPG, The Legends of Bezogia today launches their new ZOGI token on Cronos, BNB Chain & Ethereum. The ZOGI token is a wrapped version of the primary BEZOGE token optimized for …
Continue reading “ZOGI Token Launches on Cronos, BNB Chain and Ethereum With Revolutionary Wrapper”