The year has been a particularly intense one for the cryptocurrency market, with a myriad of decentralized and centralized organizations barely keeping afloat. Nevertheless, it […] Go to Source
Yearly archives: 2022
Argo shares soar following $65M sale of mining facility to Galaxy digital
The Helios facility sales’ proceeds and part of the loan would be used to repay all of its indebtedness, including that owed to crypto lender NYDIG. 2 min read Updated: December 28, 2022 at 11:56 am Cover art/illustration via CryptoSlate Struggling Bitcoin (BTC) miner Argo Blockchain sold its Helios mining facility in Texas to Galaxy …
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Bitcoin hash rate falls 13% in one day, mining difficulty estimated to drop 10%
Alameda CEO Caroline Ellison takes plea deal, faces no criminal charges A recently unsealed plea agreement shows that Caroline Ellison, the CEO of Alameda Research, pleaded guilty to seven fraud charges. In return for cooperating with authorities, Ellison faces a $250,000 fine and forfeiture of any assets she obtained from FTX money. 6 days ago …
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Bitcoin cumulative transfer volume exceeds $100 trillion milestone
The cumulative transfer volume of Bitcoin far exceeds that of the next two contenders — Ethereum and Litecoin. 2 min read Updated: December 28, 2022 at 10:11 am Cover art/illustration via CryptoSlate Bitcoin’s cumulative transfer volume (CTV) exceeded $100 trillion in recent weeks, coming in at $105 trillion at present, according to Glassnode data. CTV …
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Bitcoin shrimps have accumulated 60K BTC in the last 30 days
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time. 1 min read Updated: December 28, 2022 at 8:50 am Cover art/illustration via CryptoSlate Bitcoin (BTC) shrimps aggressively accumulated Bitcoin in the last 30 days — adding a total of roughly 60,000 BTC to …
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Midas reveals $60M deficit, announces closure of operations
Midas will rebalance its users’ accounts by deducting 55% from it and their rewards earned. The move would allow users to withdraw 45% of their assets. 2 min read Updated: December 28, 2022 at 8:11 am Cover art/illustration via CryptoSlate Crypto platform Midas Investment will shut operations because of the significant losses it incurred in …
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Kraken to shutter operations in Japan by end of January 2023
Kraken said affected users should withdraw their funds before Jan. 31, 2023, and added that deposits will be suspended by Jan. 9, 2023. 1 min read Updated: December 28, 2022 at 6:51 am Cover art/illustration via CryptoSlate Kraken will shut its operation in Japan and deregister with the country’s Financial Services Agency on Jan. 31, …
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How Solana is fixing outages, and the challenges it will tackle in 2023
For Solana (SOL), 2022 has been an especially tumultuous year. With revelations of the now defunct crypto exchange FTX’s insolvency in early November, SOL price cratered 55% during the month. As of press time, SOL was trading at $11.15, down 70% from its November peak of $37.73. Solana last traded at this level in February …
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Japanese Gaming Company Gumi Partners With Square Enix and SBI Holdings to Strengthen Metaverse Pivot
Gumi, a Japanese mobile gaming company, has partnered with Square Enix and SBI Holdings to build new business opportunities around the metaverse. The deal, which also includes the issuance of new stock valued at $52.7 million dollars, will allow the company to acquire financial and content creation experience. Gumi Raises $52.7 Million in Metaverse-Driven Alliance …
Venezuelan Banks Have Blocked Over 75 Accounts Since the End of Last Year Due to Cryptocurrency-Related Activities
Venezuelan Banks have started eyeing the accounts of customers with ties to cryptocurrency trading, principally related to peer-to-peer (P2P) transaction activity. According to Legalrocks, a crypto and blockchain-focused legal firm in Venezuela, more than 75 accounts have been blocked by Venezuelan private banks for facilitating crypto-to-fiat and fiat-to-crypto conversions since the end of 2021. Venezuelan …
Crypto Strategist Issues 2023 Bitcoin Forecast, Says BTC Could Mirror Epic Surge in 2019
A closely followed crypto analyst thinks that Bitcoin (BTC) could pull off a major move to the upside next year. Pseudonymous analyst Altcoin Sherpa tells his 187,900 Twitter followers that Bitcoin is flashing vibes of its 2019 bear market rally when the king crypto surged from $3,000 to $14,000 in a few months. “BTC: we …
FTX customers file class-action lawsuit to get priority reparations
While the government agencies are queuing to sue the FTX and its founder Sam Bankman-Fried, the group of former customers made an effort to get their money back first. A class lawsuit initiated by four individuals demands priority access to frozen funds of the company for its customers, not investors. The lawsuit was filed on …
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Argo Blockchain sells top mining facility to Galaxy Digital for $65M
Cryptocurrency mining firm Argo Blockchain has taken a difficult decision to sell its flagship mining facility Helios in order to survive the ongoing bear market. Argo Blockchain CEO Peter Wall officially announced on Dec. 28 a deal with Mike Novogratz’s crypto investment firm Galaxy Digital to sell Helios facility for $65 million. Argo has already …
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Alameda wallets become active days after SBF bail, community mulls foul play
The crypto wallets associated with now-bankrupt trading firm Alameda Research, the sister company of FTX, were seen transferring out funds just days after the former CEO Sam Bankman Fried was released on a $250 million bond. The transfer of funds from Alameda wallets raised community curiosity, but more than that, the way in which these …
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China’s CBDC wallet resorts to ages-old tradition to boost adoption
China’s wallet app for its digital yuan central bank digital currency (CBDC) introduced a feature for users to send money in an electronic version of traditional “red packets” to try to attract new users. The new feature was released over the weekend, around one month ahead of the Chinese New Year on Jan. 22, as …
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