A widely followed crypto analyst is predicting a double-digit bounce for the leading digital asset. Pseudonymous trader Altcoin Sherpa tells his 188,000 Twitter followers that he expects Bitcoin (BTC) to spark a rally toward the $18,000 price level but notes there’s a caveat – he doesn’t think the king crypto has bottomed out yet. He …
Yearly archives: 2022
US Senate committee hearing on FTX fail brings gaps in regulatory authority to light
United States Commodity Futures Trading Commission chair Rostin Behnam told a Senate Agriculture, Nutrition, and Forestry Committee meeting Dec. 1 that his agency’s regulations contain “core elements that have served the markets for decades.” But as the fallout from the FTX collapse gets sorted out, notable gaps in current legislation have come to light, Behnam …
MATIC attack: How smart crypto traders “got out” before a 35% price drop
Disparities in information access and data analytics technology are what give institutional players an edge over regular retail investors in the digital asset space. The core idea behind Markets Pro, Cointelegraph’s crypto-intelligence platform powered by data analytics firm The Tie, is to equalize the information asymmetries present in the cryptocurrency market. Markets Pro bridges the …
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P2P Financial Systems panel: Crypto core values and transparency are critical for DeFi
As one of the main growing sub-sectors in the crypto industry, decentralized finance (DeFi) has faced a challenging year amid market dynamics, cyberattacks and regulatory uncertainty. Its future demands more transparency and clarity in the regulatory landscape, according to a panel discussion at the International Workshop on P2P Financial Systems 2022 on Dec. 1. Moderated …
Clearing company tests out securities transaction settlements on blockchain networks
The Digital Dollar Project (DDP) and the Depository Trust & Clearing Corporation (DTCC) released the results of their Security Settlement Pilot project Nov. 30. The project tested a simulated digital U.S. dollar in transactions with tokenized securities on a blockchain network under real-world conditions. The project was designed “to better understand the implications of a U.S. …
Research: Analysis of crypto transaction fees suggests exchanges prefer to move in Bitcoin
Crypto exchanges can earn revenue through various means, including lending to margin traders, liquidation fees, and on/off ramping charges. However, the core revenue generator remains taking a fee on transactions. There are multiple types of transactions and, therefore, many types of transaction fees. When comparing different transaction fees on the Bitcoin and Ethereum chains, the …
CryptoSlate Wrapped Daily: November closes as one of the worst months for ETH or BTC, SBF claims the FTX collapse was a mistake
The biggest news in the crypto-verse for Dec. 1 includes November finishing as the second-worst month for Bitcoin and fourth-worst for Ethereum, SBF shifting blame to Alameda Research for the FTX collapse, and 15 million Bitcoin retreating to self-custody wallets, leaving only 22% of total supply liquid. CryptoSlate Top Stories November was the second-worst month …
Bitcoin records the largest miner outflow to wallets in 2 years
Poolin, a mining operator has witnessed the single biggest miner outflow from wallets in 2-years 2 min read Updated: December 1, 2022 at 9:36 pm Cover art/illustration via CryptoSlate Miners are still facing the worst of the crypto market’s turmoil, with profits down by 80% from top levels. In the wake of mounting capitulation pressure, …
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Shady meme coins blamed for spike in dead crypto projects in 2021
CoinGecko compiled dead token data on its platform since 2014, showing that 2021 was the biggest year for deactivated coins, coming in with 3,322 projects folding. Unusually, deep within crypto winter, the number of dead tokens for the current year is significantly fewer than the prior year, at 951. Source: CoinGecko.com 947 dead crypto projects …
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Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out
A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate. The proposal left out two planned tax exemptions for green mining operations and the issue of segregating customer assets from company funds for …
Dappradar Report Shows Blockchain Gaming Thrived Amid FTX Collapse, Sector Accounted for 46% of All Network Activity
According to a report published by the global dapp store platform, Dappradar, blockchain gaming hardly felt the impact of the recent FTX collapse and the crypto market carnage that ensued. Dappradar’s Blockchain Games Report indicates that the number of daily unique active wallets (dUAW) participating in blockchain gaming dropped slightly to 800,875 UAWs in November, …
Despite the Former FTX CEO’s Media Tour Many Unanswered Questions Remain
Former FTX CEO Sam Bankman-Fried (SBF) has been talking a lot more since his exchange collapsed a few weeks ago, as he’s spoken at the New York Times Dealbook Summit, sat down with Good Morning America host George Stephanopoulos, and recently conducted an interview with New York Magazine. While doing all of these interviews, SBF …
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NYDFS proposes regulation to assess costs of ‘supervision and examination’ for licensed crypto firms
Though some crypto firms operate in New York with a BitLicense, many including NYC Mayor Eric Adams have criticized the licensing regime as a difficult barrier to cross. The New York State Department of Financial Services, or NYDFS, has proposed a regulation which would allow the government department to assess supervisory costs from licensed crypto …
Fantom wants to cut token burn rate by 75% to fund dApp rewards program
“Fantom will become the youtube/twitch of blockchain platforms,” commented ecosystem architect Andre Cronje. According to a new proposal dated Dec. 1, directed acrylic graph network Fantom seeks to implement an affiliate program for its decentralized application, or dApp, developers with network gas fees. To fund this venture, the Fantom community has proposed slashing the protocol’s …
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SOL Price Prediction: SOL Is Just Below $14; Will We See $15 by Christmas?
The recent collapse of the FTX platform, which was once among the most well-liked exchanges in the world, was a major blow. This fiasco also led to a more than 57% decline in Solana’s (SOL) price. When investigators discovered financial connections between Solana, FTX, as well as Alameda Research, one of the main causes for …
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