A new report claims Sam Bankman-Fried’s financial crypto empire faced troubles years before the FTX exchange collapse. According to the Wall Street Journal, Bankman-Fried’s trading firm Alameda Research helped SBF build up his reputation before launching FTX, but Alameda’s investing success was not what it seemed. Alameda’s first big financial play was arbitrage in Japan …
Continue reading “Sam Bankman-Fried’s FTX/Alameda Empire Faced Turbulence Years Before Implosion”
Top US-based crypto exchange Coinbase has reached a settlement with regulators after bad actors stole $150 million using the platform. According to a memo from New York’s Department of Financial Services, Coinbase must pay $50 million in fines to the regulator, plus invest an additional $50 million in bolstering its internal compliance programs over the …
NFT Influencer CryptoNovo announced on Jan 4. that they have fallen victim to a cyberattack and lost two cryptopunks. The post on Twitter says “I just got hacked!!! Are you kidding me!?!” and includes a screenshot from OpenSea displaying two cryptopunks being transferred to another address. I just got hacked!!! Are you kidding me!?! pic.twitter.com/r1xS0mhD6P …
Continue reading “NFT influencer falls victim to cyberattack, loses $300K+ cryptopunks”
South Korean tech giant LG Electronics announced that it has teamed up with Oorbit, a cloud-based technology platform and PIXELYNX, a company building an integrated music, gaming, and Web3 ecosystem, to bring the metaverse directly into the living rooms of viewers. Announced just in time for #CES2023, we’re excited to announce that we have partnered …
Derar Islim, interim CEO of crypto market maker and lender Genesis, has sent a letter to clients updating them on the company’s efforts to prop up its finances and resume withdrawals and new lending. The letter, sent on Jan. 4, comes two days after a Twitter exchange between Barry Silbert, CEO of Genesis’ owner the …
At the time of publication, the United States House of Representatives was at a historic standstill in its process of choosing a Speaker for the 118th Congress — a quagmire that could lead to lawmakers delaying committee hearings. As of Jan. 4, California Representative Kevin McCarthy lost the fifth round of votes to become the …
Continue reading “US Congress investigations into FTX are in limbo without a House Speaker”
Coinbase has agreed to pay $50 million to the New York State Department of Financial Services. The fine stems from a potential violation of AML laws by Coinbase due to improper background checks. The settlement will require the crypto exchange to invest another $50 million to improve its compliance program. The company’s share price has …
The chief strategy officer of US Dollar Coin (USDC) stablecoin issuer Circle is optimistic about the future of crypto assets. Dante Disparte, who is also Circle’s global policy head, says that the adoption of crypto technology is unavoidable in the same way that the computer revolution forced enterprises to incorporate information and communication technologies into …
Gold made a strong start to the new year and is trading close to a seven-month high on expectations that the United States Federal Reserve may slow down and hike rates only by 25 basis points in its next meeting on Feb. 1. Cryptocurrency markets have also shown a mild uptick but are yet to …
Continue reading “Price analysis 1/4: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI”
According to a blog post published on Jan. 4, Singapore-based cryptocurrency exchange MEXC announced that it would allocate $20 million to support developments on Sei Network. A layer one blockchain designed for trading, Sei Network’s stated features include native order matching, frontrunning protection, smart block propagation, and 600 milisecond on-chain trade settlement. Leo Zhao, investment …
Continue reading “MEXC launches $20M ecosystem fund to support Sei Network”
Time-weighted average price is an algorithmic trade execution strategy commonly used in traditional finance tools. The goal of the strategy is to produce an average execution price that is relatively close to the time-weighted average price (TWAP) for the period that the user specifies. TWAP is mainly used to reduce a large order’s impact on …
Continue reading “How time-weighted average price can reduce the market impact of large trades”
Bitcoin (BTC) is now further below a key moving average than it was at the pit of the March 2020 COVID-19 crash. In a tweet on Jan. 4, popular trader and analyst Rekt Capital revealed just how remarkable the current Bitcoin bear market really is. BTC price 200-week moving average out of reach Not only …
Continue reading “$16.8K Bitcoin now trades further below this key trendline than ever”
Bitcoin is a decentralized digital currency created in 2009. Unlike traditional currencies, it is not governed by any government or central bank. Instead, it relies on a peer-to-peer network that allows anyone to send and receive bitcoin transactions. This has made it an attractive investment option for many, as it offers a level of anonymity …
Continue reading “Bitcoin Investing: What Are the Risks and Rewards?”
Summary: The Shiba Inu-inspired crypto rallied as much as 2000% in the past week despite slumped crypto prices. Bonk Inu was launched on December 25, 2022, and airdropped to the Solana community. The token also boasts massive yields of around 1000% API on Orca, a decentralized crypto exchange on Solana. Solana’s ecosystem enjoyed a boom …
Continue reading “Crypto Traders Go BONK-ers For Viral Solana Memecoin, Token Up 80% Today”
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you …
Continue reading “GMX Whale address loses $3.4M in hack, GMX falls 3%”
