JP Morgan’s recent report revealed that almost 15% of individuals in the U.S. have issued transfers into crypto accounts, according to numbers from mid-2022. The detailed demographic data also indicates that Men, Asians, and higher-income youth have the highest crypto adoption in the country. JP Morgan looked into its 5 million active checking account customers …
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CryptoSlate of analysis of Glassnode data showed that the seven-day moving average for total transfers to OTC desk wallets is now close to 2018 lows. OTC trades peaked during covid 19 pandemic when BTC was trading at around $3000. 2 min read Updated: December 13, 2022 at 7:14 pm Cover art/illustration via CryptoSlate Institutional appetite …
Tether (USDT) said it would remove its secured loans in its reserves by 2023, according to a Dec. 13 blog post. A Dec. 1 Wall Street Journal report said Tether’s secured loan was 9% (roughly $6.1 billion) of its total assets as of Sept. 30. The report added that the stablecoin issuer might not have …
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Less than 12% of the current Bitcoin (BTC) supply is held on exchanges, marking a new low since January 2018, according to Glassnode data analyzed by CryptoSlate. The chart below demonstrates the BTC balance held on exchanges with the orange line and starts in Jan. 2018, when the balance was just above 10.8%. BTC balance …
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On Dec. 13, 2022, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Sam Bankman-Fried (SBF), FTX Trading LTD., and Alameda Research. The CFTC alleges that FTX customer deposits, “throughout the relevant period,” including both fiat currencies and cryptocurrencies, were reportedly “appropriated by Alameda for its own use.” U.S. Commodity Futures Trading Commission: …
On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF) to mint new crypto tokens. The lawyers detailed that it was a “request for live, dynamic access that would be provided immediately to the …
Following the FTX collapse, the largest cryptocurrency exchange by trade volume, Binance, has been surrounded by rumors and speculation in recent times. On Dec. 12, 2022, Reuters reported that U.S. Department of Justice prosecutors have been investigating Binance, according to four people familiar with the matter. Moreover, while a number of crypto assets have risen …
sponsored Dubai, December 13th – Zogi Labs, a pioneering crypto company & gaming studio famously known for the BEZOGE token and the up-and-coming crypto-based MMORPG, The Legends of Bezogia today announces its partnership with Cronos. Zogi Labs has won a spot amongst batch 6 of the Cronos ecosystem grant, alongside the signing of an MOU …
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Former Goldman Sachs executive Raoul Pal says there’s one Ethereum (ETH) chart that traders should keep on their radar. In a new analysis, Pal points to the “Ethereum Today vs. 2017-2021 Analog” chart, which if followed, would indicate ETH is currently near the bottom of the bear market. “Obviously, price analogs never work out perfectly, …
A closely followed trader who called the 2022 crypto collapse is warning of a bull trap after the latest consumer price index (CPI) data came in better than expected. The pseudonymous crypto trader known as Capo tells his 685,200 Twitter followers that while Bitcoin (BTC) is rallying on the CPI data, the king crypto is …
South Korean authorities reportedly believe that Terra (LUNA) founder Do Kwon is trying to evade global law enforcement by relocating to Serbia. According to a new BBC report, the Seoul Southern District Prosecutors’ Office plans to collaborate with Serbian authorities to detain Kwon, the controversial figure behind the $40 billion collapse of LUNA and its …
Disgraced former FTX CEO Sam Bankman-Fried has been hit with a lengthy list of charges from federal prosecutors in a newly unsealed indictment. According to the indictment issued by the Southern District of New York, Bankman-Fried is charged with six counts of fraud, one count of conspiracy to commit money laundering, and one additional count …
Ether (ETH) rallied 6.3% to $1,350 on Dec. 13, mimicking a similar failed attempt that took place on Nov. 10. Despite reaching the highest level in 33 days, the gains were not enough to instill confidence in traders according to two key derivatives metrics. Ether/USD price index, 12-hour. Source: TradingView Bulls’ frustrations can partially be …
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Bitcoin Group SE, operator of the German crypto trading platform bitcoin.de, announced that it has acquired 100% of shares in Bankhaus von der Heydt. The bank has a full banking license and is a provider of digital asset custody and tokenization services. According to an announcement released Dec. 12, Bitcoin Group SE has preliminarily proposed …
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Binance appears to be suffering from a decline in liquidity. A report from crypto analytics firm, Nansen, indicates that Binance has had net withdrawals of more than $3.6 Billion from Dec. 7 to Dec. 13. Binance gross outflows have been approximately $8.8 billion, while gross inflows have been around $5.1 billion. Binance Netflow 7D ($) …
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