HodlX Guest Post Submit Your Post Global venture funding falls 27% year-over-year. The daunting crypto winter makes Bitcoin lose two-thirds of its value. Is there any space remaining for crypto startups in this hostile environment? The answer is startling. Even during the industry’s darkest days, crypto startups continue to thrive, resilient to the market decline …
Yearly archives: 2022
BlockFi files motion to return frozen crypto to wallet users
Bankrupt crypto lending platform BlockFi has filed a motion requesting authority from the United States Bankruptcy Court to allow its users to withdraw digital assets currently locked up in BlockFi Wallets. In a motion filed on Dec .19 with the U.S. Bankruptcy Court in the District of New Jersey, the lender asked the court for …
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Gate.io closer to launching US services after receiving local licenses
Gate US, the United States arm of the fourth largest cryptocurrency exchange by trading volume, Gate.io says it has received operating licenses in “several” states, bringing it closer to launching services in the country. Founder and president of Gate.io and its U.S. entity, Dr. Lin Han, announced in a Dec. 19 statement that Gate US is …
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Visa dreams up plans so you can auto-pay bills with your crypto wallet
Crypto-users may one day be able to automatically pay their electricity and telephone bills through their self-custodial crypto wallets, according to payments giant Visa. In a Dec. 20 blog post, Visa’s crypto thought leadership team proposed a solution that would allow providers to automaticall “pull” funds from users’ Ethereum-powered crypto wallets, without requiring the user …
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FTX warns it will claw back political donations and contributions
Bankrupt cryptocurrency exchange FTX says it is considering using legal avenues to recover all payments and contributions handed out by its associated entities and former executives, which could include the millions in political donations made from its former CEO Sam Bankman-Fried. In a Dec. 19 press statement, FTX said it had already “been approached by …
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As it tries to boost confidence, filings reveal that Binance’s books are a black box
Binance, the largest cryptocurrency exchange in the world, is working to restore confidence following a spike in customer withdrawals and a sharp decline in the […] Go to Source
Ethereum token issuance continues inflationary, deflationary swing
After years in the making, the Merge was finalized on Sept. 15, switching Ethereum from Proof-of-Work (PoW) to Proof-of-Stake (PoS). The roll-out enacted several benefits, including cutting the chain’s energy consumption by a reported 99% and setting the groundwork for sharding to improve scaling in a future hard fork. The Merge also picked up with …
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Failed crypto exchange QuadrigaCX wallets move funds for first time in three years
Bitcoin addresses tied to the collapsed exchange transferred $1.7 million this weekend. 2 min read Updated: December 20, 2022 at 1:00 am Cover art/illustration via CryptoSlate Several Bitcoin wallets associated with the defunct Canadian crypto exchange QuadrigaCX have transferred funds after three years of dormancy. Self-described crypto sleuth ZachXBT reported the movement of funds today. …
Binance completes acquisition of Tokocrypto exchange, TKO token surges 10%
CZ confirmed that Binance was a majority shareholder from 2020, but has injected more funds to increase its ownership of the Indonesian exchange. 1 min read Updated: December 20, 2022 at 12:23 am Cover art/illustration via CryptoSlate Leading crypto exchange Binance is set to fully acquire Indonesian-based Tokocrypto, following a 100% share ownership in the …
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Indian Government Updates Parliament on Cryptocurrency Bill and Investigations of Crypto Exchanges
The government of India has provided some updates on its cryptocurrency bill and investigations of crypto exchanges in Lok Sabha, the lower house of India’s parliament. “Crypto assets are by definition borderless and require international collaboration to prevent regulatory arbitrage,” said the minister of state in the Ministry of Finance. Indian Government Answers Questions About …
Elon Musk Promises to Step Down as Head of Twitter — Edward Snowden Throws His Name in the Hat for CEO
Tesla CEO and Twitter chief Elon Musk has promised to step down as head of Twitter. As the billionaire seeks a new CEO to run the social media platform, privacy advocate Edward Snowden threw his name in the hat, stating that he takes payment in bitcoin. “The question is not finding a CEO, the question …
3 Reasons PancakeSwap Price Has Rallied 3% – Time To Buy CAKE?
PancakeSwap (CAKE) is a popular decentralized exchange (DEX) that has recently recovered thanks to several positive events, including the introduction of the Aptos PanCake bridge, […] Go to Source
‘Huge signal and validation’ — Top Activision exec to take Yuga Labs’ helm
The appointment of one of Activision Blizzard’s highest-ranking executives to a leadership position at Bored Ape Yacht Club (BAYC) parent Yuga Labs has been seen as a boon for its metaverse efforts and another sign of validation of the crypto industry. On Dec. 19, Yuga Labs confirmed it has appointed Daniel Alegre, the current president and …
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Binance Smart Chain User Activity Tanks, Why BNB Price Could Suffer
BNB Price has been seeing a lot of declines since Binance came under fire for the audit published by Mazars. Fear, Uncertainty and Doubt (FUD) had spread like wildfire, leading to more than $5 billion in withdrawals from the crypto exchange. Nevertheless, Binance was able to withstand the onslaught and amid all of this, activity …
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Bitcoin Bear Market Monthly Momentum Reaches Worst On Record
For many Bitcoin investors who lived it, this crypto winter feels more painful than the 2018 bear market, despite making a shallower fall from peak to through. From a monthly momentum perspective, the bearish trend is now the strongest on record. Let’s take a look at what this means and where the market is at …
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