The Chainlink price has dropped to an eight-month low as the coin fell from the $6.30 price level. Since the Chainlink price has touched a multi-monthly low, the chances of the price turning around remain extremely likely. As Bitcoin slipped on its chart too, most altcoins have been depreciating on their respective charts as well. …
Continue reading “Chainlink Turns Bearish As Price Dips To 8-Month Low”
Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have pleaded guilty to federal fraud charges and are cooperating with prosecutors as part of the criminal case against the former CEO of FTX, Sam Bankman-Fried. United States Attorney for the Southern District of New York (SDNY), Damian Williams made the announcement on Dec. …
Continue reading “Breaking: Caroline Ellison and Gary Wang plead guilty to fraud charges”
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, did not mince his words when discussing the crypto sector at a recent conference, asserting that “private” crypto will be behind the next financial crisis. Speaking at the Business Standard BFSI Insight Summit on Dec. 21, Das suggested that private crypto — those which …
Continue reading “Crypto could spark the next financial crisis, says India’s RBI head”
Twitter has added a new crypto feature that enables Twitter users to search the price of Bitcoin (BTC) and Ether (ETH) simply by typing “Bitcoin” or “Ethereum” into the search tab. The Elon Musk-led social media platform didn’t announce the new feature to the public. However, the Documenting Bitcoin account was one of the first …
Continue reading “Twitter quietly adds BTC and ETH price indexes to search function”
Ethereum (ETH) creator Vitalik Buterin is citing four significant reasons why the world needs cryptocurrency after the FTX collapse has emboldened its naysayers. In a new interview on the Bankless podcast, Buterin highlights four use cases illustrating the benefits crypto brings people throughout the world. Buterin says crypto is already a better way to make …
Peer-to-peer crypto market platform Paxful says it’s delisting Ethereum (ETH), saying that it’s just another form of fiat currency. Ray Youssef, co-founder of the New York-based crypto exchange, says the company is delisting Ethereum due to what he thinks is a lack of decentralization stemming from the leading smart contract platform’s switch to proof-of-stake. According to …
Another year in the crypto space has nearly passed. As usual, Twitter has been a hotbed of crypto-related conversation during the turbulent year. From Terra’s collapse and the whole situation with FTX to Elon Musk’s takeover of Twitter, 2022 has played out like a television drama, keeping people on the edge of their seats. Tweets …
Continue reading “10 crypto tweets that made a splash in 2022”
The co-founder of Gemini, Cameron Winklevoss, says that global investment bank Houlihan Lokey has devised a plan on behalf of a committee of creditors to resolve the liquidity issues at Genesis and its parent company, Digital Currency Group (DCG). According to Winklevoss, resolving the liquidity issues would provide a path for Gemini clients to recover …
Continue reading “Genesis and DCG seek path for the recovery of assets amid liquidity issues”
Bitcoin deep dive: 15M BTC in self-custody as Binance withdrawals peak, derivatives switch to ‘risk-off’ A weekly recap of key Bitcoin metrics affecting its price performance in the market, published every weekend. James Van Straten · 4 days ago Go to Source
Jump Crypto (JC) released a research article on Dec. 21 analyzing Proof of Solvency (PoS) vulnerabilities and how PoS works in theory — but fails in practice. In the article, the research-driven quantitative trading firm state: “For proof of solvency mechanisms to prevent an exchange from misappropriating consumer deposits, consumers must check that their deposits …
Continue reading “Jump Crypto releases research on Proof of Solvency vulnerabilities”
Last month’s staffing changes were not due to performance issues, CEO Alan Lane says. 2 min read Updated: December 21, 2022 at 9:47 pm Cover art/illustration via CryptoSlate Silvergate CEO Alan Lane has denied allegations of nepotism before U.S. senators, according to a report from The Wall Street Journal on Dec. 21. Last month, on …
Continue reading “Silvergate denies nepotism before U.S. senators”
The biggest news in the cryptoverse for Dec. 15 includes SBF’s extradition to US approved, Deribit transferred 10k ETH to Alameda, Core Scientific files for Chapter 11 and more in this CryptoSlate Wrapped Daily. CryptoSlate Top Stories SBF to return to U.S. immediately in hopes of securing bail FTX founder Sam Bankman-Fried should be handed …
Founded amid the 2018 bear market, Wintermute rose from a small trading firm with less than $1 million in revenue to a crypto behemoth that traded $1.5 billion in volume last year. The company’s road to riches was paved with careful trading strategies, wide spreads, and thin margins – with just a little luck in …
Continue reading “Wintermute: The new crypto behemoth rising from the ashes of FTX and Alameda”
Bitcoin miner Northern Data, based out of Germany, anticipates revenue of €190-194 million ($201.4 million to $205.64 million) for the year 2022. Information has been made public by Aroosh Thillainathan, CEO of Northern Data, in a shareholders letter on Dec. 21. At the midpoint range, the expected revenue exceeded the previous year’s €189.9 million ($194.934 …
Continue reading “Germany-based Bitcoin miner Northern Data forecasts €190M revenue for 2022”
The GMX token is only down -23% since reaching its all-time high on Jan. 16, making it the best-performing cryptocurrency (excluding stablecoins) in this bear market. What is GMX? GMX is the utility and governance token of the decentralized GMX spot and perpetual exchange. As a DEX, trading on GMX is supported by multi-asset pools, …
Continue reading “GMX ranks as best performing crypto during devastating bear market”
