Digital assets manager CoinShares says that one Ethereum (ETH) rival is being favored by institutional investors as the crypto markets rake in their biggest inflows in months. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that digital assets took in inflows of $78 million last week, the second week of positive inflows in …
Monthly archives: October 2023
Judge sides with Ripple again, denies SEC appeal: Law Decoded
Crypto lawyers are seemingly divided over the significance of a court order to dismiss the SEC’s motion. Newsletter Join us on social networks On Oct. 3, United States District Court Judge Analisa Torres rejected the U.S. Securities and Exchange Commission’s (SEC’s) motion to appeal its loss against Ripple Labs, the company behind the XRP (XRP) …
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Michael Lewis’ new book puts a positive spin on Sam Bankman-Fried
Michael Lewis painted an overwhelmingly positive picture of former FTX CEO Sam Bankman-Fried in his new book, “Going Infinite: The Rise and Fall of a New Tycoon.” Opinion Join us on social networks I haven’t read Michael Lewis’ The Big Short: Inside the Doomsday Machine, but I find it difficult to believe that the author …
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Billionaire Chamath Palihapitiya Says Fed Unlikely To Cut Rates Anytime Soon Amid Breakout of New Armed Conflict
Billionaire venture capitalist Chamath Palihapitiya thinks the Federal Reserve will keep interest rates higher for longer as the world witnesses the start of a new war. Palihapitiya tells his 1.6 million followers on the social media platform X that inflation could soar once again on the back of rising oil prices amid the escalating war …
BestChange Reinforces Its Credentials As Top Crypto Exchange Aggregator
October 9, 2023 – Dubai, United Arab Emirates BestChange.com has revealed the progress it’s made in cementing its position as a leading gateway for cryptocurrency exchange. The platform aggregates multiple crypto exchangers, enabling traders to find the best possible price for swapping digital assets. Every potential exchanger on BestChange.com undergoes a rigorous assessment to ensure …
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Local Web3 community launches ‘Crypto Aid Israel’ to help displaced citizens
The charity campaign aims to raise funds for humanitarian aid to help Israelis affected by the recent conflict. News Join us on social networks A collective of local leaders in the cryptocurrency space, including Cointelegraph, 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, Blockchain B7, Efficient Frontier, Ironblocks, the Israel Blockchain Association and Bits of Gold, have …
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Bitcoin ASIC manufacturer Bitmain pauses employee salary payments: Report
The firm cited difficulty in achieving “net positive cash flow” in making the decision. News Join us on social networks Bitcoin application-specific integrated circuit (ASIC) manufacturer Bitmain has paused employee salary payments for September and beyond. According to recent local news reports, citing multiple Bitmain employees familiar with the matter, the firm has allegedly cut …
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Ethereum futures ETFs launch to tepid demand; Bitcoin and Solana remain favored investment products
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
Bitcoin’s exchange balance plummets to five-year low
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Venture funding for crypto hits lows last seen in 2020 due to SBF trial fallout
Global venture capital (VC) investments in the cryptocurrency sector are down 63% during the third quarter, marking the lowest level of funding since 2020, Bloomberg News reported, citing PitchBook research. A mere $2 billion was poured into the sector, contrasting sharply with the enthusiasm seen in previous industry peaks, based on data provided by PitchBook. …
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South Korean UPbit counters 1,800% surge in hacking attempts with AI-driven security measures
UPbit, a prominent South Korean cryptocurrency exchange, revealed it suffered 159,061 hacking attempts during the first half of this year, according to data shared by the firm’s operator, Dunamu, with South Korean politician Rep. Park Seong-jung. The data paints a stark picture of growing risks as hacking attempts skyrocketed from 8,356 in the latter half …
HTX, KuCoin among exchanges on UK’s FCA unauthorized operators list
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Bitcoin market signals maturity with record divergence in long and short-term holdings
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Crypto Analyst Warns Chainlink (LINK) Inflation Could Hold Back Altcoin’s Price Next Bull Run
A widely followed crypto analyst says token inflation could make it difficult for Chainlink (LINK) to hit new highs in the next bull run. In a new video, the anonymous host of InvestAnswers tells his 447,000 YouTube subscribers that the leading oracle network can still recover despite being down over 85% from its peak price. …
Sam Altman Warns US Government Waging War on Bitcoin and Crypto, Says There’s a Clear Role for Regulation
The chief executive of artificial intelligence (AI) firm OpenAI says that the US government is waging war on crypto assets. In a new interview on the Joe Rogan Experience, OpenAI CEO Sam Altman says that the government’s actions against digital assets are upsetting – but adds there is a clear role for regulations within the …