Trust Wallet (TWT) was regarded as one of the top cryptocurrencies that experienced massive growth in recent days, despite the significant ongoing crisis in the […] Go to Source
Yearly archives: 2022
Whale Abruptly Moves Over $110,000,000 in XRP – Here’s Where the Crypto’s Going
A huge crypto whale is moving more than $110 million worth of XRP in a single transaction this week as the digital asset market attempts to recover from its steep correction earlier this month. Blockchain tracker Whale Alert reports that an unknown wallet sent 280,684,171 XRP to another unknown wallet on Tuesday morning. The receiving …
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On-Chain Ethereum Metric Flashing Bullish Signal, According to Crypto Insights Firm Santiment
Leading analytics firm Santiment says that a key metric is flashing a bullish signal for Ethereum (ETH) amid a persistent crypto bear market. According to Santiment, Ethereum is flashing signs for a big rally after a surge in address activity, an on-chain metric that tracks the number of distinct ETH addresses that participated in a …
Demand for liquid Ethereum staking options continues to grow post-Merge
Blockchain data analytics carried out by Nansen highlights the ever-growing amount of Ether (ETH) being staked across various staking solutions in the months following Ethereum’s shift to proof-of-stake (PoS) consensus. The highly anticipated Merge has been a boon for decentralized finance (DeFi) in general, and staking solutions have been in high demand since Ethereum’s shift …
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Binance hires audit firm that served Donald Trump to verify crypto reserves
Cryptocurrency exchange Binance is working with accounting firm Mazars as part of its proof-of-reserve (PoR) audits triggered by the fall of FTX. Mazars, the accounting firm that worked for former United States President Donald Trump’s company, was appointed as an official auditor to conduct a “third party financial verification” as part of Binance’s PoR updates, …
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Bitcoin sees worst monthly close in 2 years as traders watch $16.7K
Bitcoin (BTC) attempted to flip $17,000 to support on Dec. 1 after sealing its lowest monthly close in two years. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin gains inch up as November end Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $17,100 in a second intraday charge at higher levels. The pair …
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CFTC chief says Bitcoin is the only commodity in the wake of FTX collapse
The chief of the United States Commodity Futures Trading Commission (CFTC), Rostin Behnam, claimed Bitcoin is the only crypto asset that can be viewed as a commodity during an invite-only crypto event at Princeton University, reported Fortune. Behnam’s comments are quite a contrast to his early statements in October, where he claimed Ether (ETH) could also …
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BlackRock lost $24M in FTX collapse
Cardano’s explosive DeFi growth | Twitter Spaces with Muesliswap Total value locked, new daily wallets, transaction volumes and wallet delegators are among the growth indicators showing Cardano’s progress. Several founders discussed Cardano’s fascinating journey in the DeFi world during Muesliswap’s latest Twitter space. 21 hours ago · 2 min read Go to Source
CFTC Chair Rostin Behnam snubs Ethereum, claims only Bitcoin is a commodity
Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam said the only cryptocurrency that should be classified as a commodity is Bitcoin. Behnam made the comment during a private crypto event at Princeton University. Under the context of the FTX collapse, Behnam took the opportunity to argue for appropriate legislation to counter the pitfalls of an …
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Bitdao Reveals Modular Ethereum L2 Called Mantle, Public Testnet to Launch in 2023
On Wednesday, one of the world’s largest decentralized autonomous organizations, Bitdao, announced the soft launch of a modular Ethereum layer two (L2) network called Mantle that claims to bolster lower fees and fast transactions. According to the Bitdao team, Mantle’s public testnet is scheduled to release in 2023. Decentralized Autonomous Organization Soft Launches Mantle, a …
Former FTX Boss Speaks at Dealbook Event, Says He ‘Didn’t Knowingly Co-Mingle Funds’
On Nov. 30, 2022, the former FTX CEO Sam Bankman-Fried (SBF) discussed FTX’s collapse at the New York Times’ Dealbook Summit with Andrew Ross Sorkin in his first live-appearance interview since the crypto exchange’s downfall. SBF told the Dealbook Summit host that he was “deeply sorry about what happened” and further stressed that he “didn’t …
National Bank of Ukraine Unveils E-hryvnia Concept
The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for its digital coin, including retail payments and cross-border settlements. Ukraine’s Monetary Authority Introduces Banks and Businesses to E-hryvnia Project The National Bank of Ukraine (NBU) …
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Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba Suspends New Crypto Mining Operations Citing Possible Increase in Electricity Usage The government of …
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Oryen Network Bursts Onto The Scene With 90% APY And Treasury Backing, Aave And Venus Users Will Be Tempted
A new innovative blockchain project, Oryen (ORY), is an excellent asset to your digital financial portfolio. Owners of the project’s native ORY token are assured […] Go to Source
FTM Fantom Price Soars 8% – Time To Buy FTM?
The Fantom price has grown rapidly for the past week. At the time of writing, Fantom is trading at $0.2364, with a 24-hour trading volume […] Go to Source