Summary: FTX was hacked for hundreds of millions in cryptocurrencies a few hours after filing for bankruptcy. Paxos quickly froze 11,184 Paxos Gold (PAXG) tokens stolen from the crypto exchange following a request from U.S. Federal authorities The on-chain trust firm recovered roughly $20 million after tracking the assets to four Ethereum addresses. Paxos rescued …
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Daily crypto trading volume on Binance sunk to $9.39 billion on Dec. 23, its lowest since October 2020, according to data from Nomics. Compared to Nov. 8, when daily trading volume on Binance crossed $172 billion, the latest data suggests a drop of over 94.5% in the past 24 hours. With the upcoming holiday season …
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Ethereum ranked 77th, while Tesla loses its place in the top-10. 1 min read Updated: December 23, 2022 at 3:46 pm Cover art/illustration via CryptoSlate Bitcoin (BTC) heads into the Christmas period with the 26th largest market cap at $324.68 billion, just below Mastercard with $328.35 billion. Ethereum (ETH), on the other hand, ranks 77th …
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With the crypto industry struggling through a record bear market situation, one asset that has polarized analysts is Coinbase stock which has fallen to new lows. Bitwise Invest Chief investment officer Matt Hougan thinks Coinbase stock is undervalued despite falling significantly in 2022. According to Hougan, Coinbase raised money at a valuation of $8 billion …
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Ivanov explained in an AMA today that the USDN stablecoin is set to become multi-collateralized and index asset for WAVES ecosystem. 1 min read Updated: December 23, 2022 at 3:49 pm Cover art/illustration via CryptoSlate On the Waves Tech weekly community AMA on Dec. 23, Waves CEO Sashi Ivanov revealed the USDN revival plan, involving …
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The collapse of FTX left a gaping hole in the crypto market. The failed exchange accounted for a significant chunk of the global trading volume and kept Binance from becoming the de facto ruler of the market. With FTX now gone, Binance took the throne and became the largest and potentially the most important company …
Continue reading “Bitcoin balances on exchanges are shrinking and Binance is no exception”
The US SEC general counsel Dan Berkovitz will leave his role by Jan. 31, according to a Dec. 22 statement. Washington Examiner reported that Berkovitz “wined and dined” in 2021 with the disgraced FTX founder Sam Bankman-Fried at a luxury Indian restaurant in Washington. Then, the regulatory chief was a Commodity Futures Trading Commission (CFTC) …
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The AAX exchange declared bankruptcy on November, and returned only half of its users’ funds. 1 min read Updated: December 23, 2022 at 1:57 pm Cover art/illustration via CryptoSlate Local sources reported that two men who were involved with the AAX investigation were arrested in Hong Kong on Dec. 23. According to local law enforcement, …
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Cardano climbed for a second consecutive session on Dec. 23, as the token surged to its highest point since Monday. Overall, crypto prices were marginally higher as of writing, with the global market cap currently up 0.49%. Xrp, formerly known as ripple, also rose, with prices nearing a key resistance level. Cardano (ADA) Cardano (ADA) …
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As the new year approaches, more than a dozen bitcoin mining pools still dedicate a total of 238 exahash per second (EH/s) toward the Bitcoin blockchain in order to secure the network and reap mining rewards. Statistics indicate that the mining pool Foundry USA discovered the most block rewards this year, as the operation found …
Ethereum edged closer to a key resistance level of $1,230 on Dec. 23, as markets continued to react to better than expected U.S. GDP data. Gross domestic product in the United States was revised higher to 3.2%, better than the 2.9% expected. Bitcoin mostly consolidated in today’s session, with prices trading near the $16,800 mark. …
Barely a month after announcing the restricting of cash withdrawals to under $50 per week, the Central Bank of Nigeria said on Dec. 21 that individuals will be able to withdraw an equivalent of $1,120 per week starting on Jan. 9, 2023. The central bank said individuals and corporate organizations withdrawing amounts exceeding the new …
press release PRESS RELEASE. Sheikh Hamad Rakadh Salem Hamad Alameri, a well-known Sovereign Wealth Fund (SWF) member of the Royal Family in Abu Dhabi, United Arab Emirates, has officially become a MaskEX shareholder following the signing of a Memorandum of Understanding (MOU) to develop a smart city in Dubai, United Arab Emirates. Sheikh Hamad Rakadh …
Razz Tafari reviewed Calvaria for his YouTube followers. Calvaria is a new P2E ecosystem that aims to increase crypto adoption among mobile gamers and users. […] Go to Source
Ripple Labs CEO Brad Garlinghouse says that most people are obsessing over recent debacles in the crypto industry while ignoring what’s going on in the traditional finance world. Garlinghouse says that there is a wildly disproportionate amount of attention directed at the collapse of crypto exchange FTX compared to banking giant Wells Fargo, which just …
