A US bank with $20.5 billion in assets, loans, and deposits will send at least $5 million to thousands of customers after allegedly harvesting millions of dollars in illegal overdraft fees. The Consumer Financial Protection Bureau (CFPB) says Atlantic Union Bank enrolled thousands of people in checking account overdraft programs without proper consent. The agency …
Monthly archives: December 2023
Under-the-Radar Altcoin Surges by 58% This Week Amid New Perpetual Contract Listing
The native token of a trading and liquidity platform has skyrocketed by nearly 58% this week amid a new perpetual contract listing. WOO Network (WOO) is a liquidity platform that offers both centralized and decentralized exchanges (DEXs). The project’s utility token, WOO, is trading at $0.386 at time of writing, up from $0.245 one week …
Arbitrum Network Faces Major Outage, ARB Token Faces 4% Decline
Arbitrum (ARB), a prominent Ethereum scaling solution, encountered a significant downtime event on December 15, according to the network’s status page. The incident prompted an immediate investigation into the root cause and the deployment of a fix. As of the time of writing, the Arbitrum One network remained inaccessible for over 60 minutes due to …
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How To Trade Crypto
How to trade crypto – a question that resonates with many in the rapidly evolving digital asset space. Whether you’re a novice eager to learn how to crypto trade or an experienced crypto trader looking to refine your strategies, this guide is your comprehensive resource. From understanding the best time to trade crypto to exploring …
Shiba Inu Faces Make Or A Point As Analyst Identifies Critical Trading Pattern
Shiba Inu bulls continue to struggle to hold on to gains from the last week despite losing their hold at the $0.00001 level. This shows a commitment to pushing the price of the meme coin even higher at a time when large cap altcoins are not really getting much attention. Given this, the SHIB price …
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Solana’s BONK Token Rockets To New Heights, Surging 121% On Binance Listing News
In an unexpected turn of events, the Solana-based memecoin Bonk (BONK) has experienced an extraordinary 1,000% monthly surge following its recent listings on major cryptocurrency exchanges. The momentum began with Coinbase’s listing, followed closely by Binance’s surprise announcement, propelling BONK to new heights and generating enthusiasm within the crypto community. Astounding 1,000% Surge On Binance …
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Taiwan officials launch inquiry into crypto betting on election results: Report
Several Taiwanese residents were reportedly using the decentralized betting platform Polymarket, the same platform that saw record-breaking trading volumes during the 2020 United States election. News Join us on social networks With the Taiwan presidential election looming within a month, residents of Taiwan have been reportedly warned against using cryptocurrency betting platforms to wager on …
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Dogecoin Competitor BONK Continues Precipitous Climb, Exploding Nearly 100% in 24 Hours
Dogecoin (DOGE) competitor Bonk (BONK) is continuing its steep ascent, nearly doubling up in price over the last 24 hours. The meme asset, which was built over smart contract platform Solana (SOL), recently surpassed its rival Shiba Inu (SHIB) in daily trading volume en route to its price of $0.000028 at time of writing, an …
Polygon halts development on Edge, pivots to Polygon CDK
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 …
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Ethereum Name Service now fully decentralized as DAO takes control
Ethereum Name Service (ENS) has achieved decentralized governance, according to a message from the project’s creator on Dec. 14. ENS is a naming system for the Ethereum blockchain that adds human-readable names to various resources, including crypto wallets and websites. Until now, the project’s root node was managed by members of the Ethereum community. Nick …
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BlackRock previews AI co-pilot; attends high-level SEC meeting on spot Bitcoin ETF
This week, BlackRock, the world’s largest asset manager, made significant strides in its artificial intelligence and Bitcoin ETF efforts as it heads into the year’s end. Pensions & Investments reported on Dec. 14 that BlackRock has launched an AI tool or “copilot” in a private preview aimed at BlackRock’s eFront users. The eFront copilot, described …
Coinbase plans new lawsuit, two SEC commissioners dissent in wake of SEC’s petition denial
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 …
Arbitrum suffers 2-hour partial outage after ‘significant’ surge in traffic
Ethereum layer 2 scaling solution Arbitrum faced a significant disruption on Dec.15, 2023, due to a massive surge in network traffic, causing a partial outage that lasted approximately two hours. Partial outage This incident was primarily caused by a significant surge in network traffic, which led to the Arbitrum One Sequencer and Feed stalling. The Sequencer …
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Korean central bank governor urges CBDC development to compete with stablecoins
Bank of Korea Governor Chang-yong Rhee warned that the rise of stablecoins could pose a significant threat to the traditional roles of central bank money and impact the effectiveness of monetary policies, local media reported. Rhee made the statement at a conference on digital money in Seoul on Dec. 15. He added that central banks …
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