Grayscale opens DeFi Fund to public investors

US-based investors can gain exposure to Grayscale’s DeFi Fund by purchasing the DEFG Shares in the OTC market.  1 min read Updated: December 9, 2022 at 5:20 pm Cover art/illustration via CryptoSlate Investment management firm Grayscale has opened its decentralized exchange (DeFi) Fund (under the ticker DEFG) for public trading via the over-the-counter (OTC) market. …

UK exploring a digital pound

A digital pound could be launched in the U.K. as part of the country’s effort to introduce better regulation to the crypto industry. Jeremy Hunt, the Chancellor of the Exchequer, announced that the government will begin exploring a central bank digital currency in the coming weeks. Hunt said that the U.K.’s financial regulatory framework “must …

AI cryptocurrencies post strong performance suggesting burgeoning interest

The Artificial Intelligence (AI) cryptocurrency sector grew 12.3% over the last 24 hours, making it the second biggest gaining sector after cannabis. Notable top 10 AI cryptocurrency performers were Cortex, which develops machine learning models on blockchain, up 93.7%, and Fetch, which leverages AI and automation for dApp and peer-to-peer applications, gaining 33.7%. Source: CryptoSlate.com …

Crypto.com releases its proof of reserves verified by Mazars Group

Crypto.com, has published its audited Proof of Reserves, allowing users to verify that their crypto assets are fully backed (1:1) on its platform, as announced by the firm and its CEO, Kris Marszalek, on Dec. 9. As promised, our audited Proof of Reserves. Mazars Group, a reputable audit firm, confirmed that our on-chain reserves exceed …

Hut8, Riot, Marathon increase BTC holdings in November after large declines

Mining companies have been releasing their November production rates throughout the week. CryptoSlate analysts brought the numbers together and revealed that Hut8, Riot, and Marathon are the only ones who increased their BTC holdings in November. The chart above includes the top nine BTC miners’ monthly reserves starting from January 2022. The numbers show that …

Metagood raises over $5M in pre-seed funding round for NFT ecosystem

Metagood, has raised over $5 million in a recent funding round. The investment was supported by a range of investors from various industries. 1 min read Updated: December 9, 2022 at 3:30 pm Cover art/illustration via CryptoSlate Metagood, a company that specializes in creating decentralized non-fungible token (NFT) ecosystems, has raised more than $5 million …

Biggest Movers: MATIC, QNT Move Higher on Friday, as Cryptos Rebound

Polygon was a notable gainer on Friday, as cryptocurrencies moved higher following a turbulent week of trading. The global crypto market cap is 2.28% higher as of writing, as markets prepared for the release of U.S. consumer sentiment data. Quant was another big mover, as prices surged for a second straight day. Polygon (MATIC) Polygon …

Over the Last Year, Bitcoin’s Market Cap Slid From the World’s 8th Most Valuable Asset to the 26th Position

In Nov. 2021, bitcoin’s market valuation managed to make it into the top ten list of assets ranked by market capitalization, as it was the eighth largest market cap last year on Nov. 9. Since then, bitcoin is 75% lower in value against the U.S. dollar and the leading crypto asset’s market capitalization has dropped …

Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound on Friday, Following Volatile Week of Trading

Bitcoin was back in the green on Friday, with prices once again moving above the $17,000 level. Cryptocurrencies were mostly higher in today’s session, as prices rebounded from recent losses. Ethereum also surged earlier in the day, climbing closer to the $1,300 level. Bitcoin Bitcoin (BTC) climbed higher in today’s session, with the coin surging …

Brussels Wants All Crypto Service Providers to Report Transactions of Europeans

The European Commission has set out to oblige platforms processing crypto transactions for EU residents to share information with tax authorities in the Union. According to the proposal, all crypto service providers, regardless of where they are based, will have to abide by the new rules. EU to Consider New Reporting Requirements for Crypto Platforms …

SILK Is Now Available for Trading on LBank Exchange

press release PRESS RELEASE. INTERNET CITY, DUBAI, Dec. 9, 2022 – LBank Exchange, a global digital asset trading platform, has listed SILK on December 9, 2022. For all users of LBank Exchange, the SILK/USDT trading pair is now officially available for trading. As the first web3 esports with earnings, Spider Tanks enables players to earn …

Kevin O’Leary Says FTX Collapse Makes Him and Other Investors in the Crypto Exchange ‘Look Like Idiots’

Shark Tank star Kevin O’Leary says that the collapse of FTX made him and other prominent investors look ‘like idiots.’ In a new interview on CNBC Squawk Box, O’Leary says former FTX CEO Sam Bankman-Fried being an American citizen subject to US laws contributed to making the company an attractive investment for institutional investors. He …

BTC price tests $17K on PPI as Bitcoin analysts eye CPI, FOMC catalysts

Bitcoin (BTC) fell on the Dec. 9 Wall Street open as United States economic data appeared to disappoint markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Attention turns to Bitcoin vs. CPI “big trigger” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to come closer to $17,000 after passing the level overnight. The …

CZ and SBF duke it out on Twitter over failed FTX/Binance deal

Binance CEO Changpeng Zhao, or CZ, and former FTX CEO Sam Bankman-Fried, or SBF, have revealed new details about the failed agreement between the exchanges during FTX’s liquidity crisis in November.  In a Dec. 9 Twitter thread, CZ referred to Bankman-Fried as a “fraudster,” saying Binance exited its position in FTX in July 2021 after …

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