Crypto asset manager Grayscale filed a revised S-3 filing with the United States Securities and Exchange Commission (SEC) on Dec. 26 to comply with the regulator’s demands for cash-only creation for the fund redemptions. This amendment means Grayscale will facilitate fund creation and redemption using cash, mirroring similar decisions taken by other spot Bitcoin ETF applicants, …
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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 …
A widely followed crypto analyst is warning that Bitcoin (BTC) may see a 2019-style correction. In a new strategy update, crypto analyst Benjamin Cowen tells his 788,000 YouTube subscribers that a Bitcoin price pattern that preceded a correction in 2019 may be playing out once again. “If it does get that engulfing candle where it …
A widely followed cryptocurrency analyst and trader is predicting that one under-the-radar altcoin will nearly triple in value. The analyst pseudonymously known as Kaleo tells his 612,400 followers on the social media platform X that scaling platform Celer Network (CELR) could break out from an enduring accumulation phase. “The DOT (Polkadot) ecosystem is ripping across …
Bitcoin price extended its decline below the $42,650 zone. BTC is showing a few bearish signs and might extend its decline toward the $40,000 support. Bitcoin seems to be following a bearish path below the $43,500 level. The price is trading below $43,000 and the 100 hourly Simple moving average. There is a key bearish …
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Fantom appears to be forming a double bottom pattern currently, a confirmation of which could lead to a break towards $1.60 according to an analyst. Fantom Might Be Forming A “W” Pattern In Its Weekly Chart As explained by analyst Ali in a new post on X, FTM’s weekly price chart has appeared to have …
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Despite concerns over network congestion and high gas fees, Ethereum remains bullish in the long term, according to borovik.eth–a partner at Rollbit, who posted on X on December 26. The key factors driving the positive outlook are pointing to Ethereum’s developer ecosystem, its role in the broader blockchain ecosystem, and the launch of numerous Layer-2 solutions …
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Mt. Gox, the infamous Bitcoin exchange that suffered a major hack over a decade ago, has allegedly finally begun the process of repaying its customers for the 850,000 lost Bitcoin. This news has sent shockwaves through the market, causing a momentary disruption in the Bitcoin price uptrend. As a result of these developments, the current …
Inflows into crypto investment funds have resumed after a brief hiatus two weeks ago, as evidenced by CoinShares’s latest analysis. According to James Butterfill, Head of Research at CoinShares, digital assets saw a net inflow of $103 million last week, as the wider crypto industry went through a few days of bullish sentiment. This is …
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Decentralized finance (DeFi) platform Kyber Network is cutting its staff in half following a large exploit earlier this year, according to its CEO and founder. In November, KyberSwap was exploited for $46.5 million worth of digital assets, including $20.78 million worth of Wrapped Ethereum (wETH), $9.53 million worth of Lido-wrapped staked Ethereum (wstETH), and $4.1 …
Solana creator Anatoly Yakovenko recently referred to Solana as an Ethereum layer-2 solution through its Wormhole eigenlayer in a post on X. In the exchange, Yakovenko positioned the blockchain as an Ethereum layer-2 while responding to a tweet listing various other L2 solutions, including Arbitrum, Aztec, and Polygon, among others. He wrote: “Solana is ethereum! …
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Changpeng Zhao experienced a remarkable surge in wealth in 2023, securing the 35th position on the Bloomberg Billionaires Index, which shows his net worth increasing by an impressive $24 billion this year. As the former CEO of Binance, Zhao is one of the industry’s most notable figures. He entered the cryptocurrency world in 2013, holding …
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KyberSwap, a leading decentralized exchange (DEX) aggregator, announced a 50% reduction in its workforce following a $54 million exploit earlier this month. CEO and co-founder Victor Tran announced the decision on social media on Dec. 24. Elastic fallout The cuts come as the company grapples with the fallout of the “Elastic exploit,” which compromised its …
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Cryptocurrency hacks dropped by over half in 2023 compared to the previous year, indicating that heightened security measures and increased law enforcement scrutiny may be paying off. According to research by TRM Labs and other blockchain security firms, cybercriminals stole roughly $1.85 billion in 2023, starkly contrasting the nearly $4 billion lost in hacks throughout …
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A mysterious Shiba Inu (SHIB) whale is suddenly shifting trillions of SHIB as the leading memecoin grinds up this month. New data from the whale-surveying platform Whale Alert reveals that a deep-pocketed crypto investor abruptly moved 4,254,147,213,294 SHIB, worth about $46.46 million at the time of the transaction, from an unknown wallet to another unknown …
