As the current bear market in crypto continues to deepen, Bitcoin has fallen by 78%, and Ethereum by 82%. Yet elsewhere in the crypto market, many altcoins are down by as much as 96% or more. In a recent video, Elliott Wave International Currency & Crypto Analyst Jason Soni sheds some light on why this …
Yearly archives: 2023
Core Scientific shuts down 37K mining rigs it was hosting for Celsius
Bankrupt cryptocurrency lender Celsius Network has agreed to let Bitcoin (BTC) miner Core Scientific shut off more than 37,000 mining rigs it had been hosting for Celsius during the miner’s bankruptcy proceedings. Core Scientific filed a revised proposed order on Jan. 3 that incorporated “revisions acceptable to Celsius” stating “all Celsius rigs will be powered …
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Coin Bureau Predicts Ethereum (ETH) Layer-2s Will Play Dominating Role in Crypto Payments
A popular crypto analyst says layer-2 projects built on Ethereum (ETH) will likely dominate the crypto payments space in 2023. In a new YouTube strategy session, pseudonymous Coin Bureau host Guy tells his 2.19 million subscribers that using crypto for payments will become more popular this year. “My fifth crypto prediction for 2023… that’s that …
Fantom Foundation Releases 2022 Recap Highlighting Massive Growth in Several Areas
The foundation behind a major Ethereum (ETH) rival is recapping a huge year of growth in 2022. In a new blog post, the Fantom Foundation highlights a major growth in daily transactions on the ETH-rival blockchain. “Throughout 2022, the Fantom network averaged around 500k – 1 million daily transactions, which is a massive and consistent difference compared …
Ripple CEO optimistic about US ‘regulatory clarity for crypto’
Ripple’s CEO, Brad Garlinghouse, shared in a Jan. 3 Twitter thread he’s “cautiously optimistic” about the United States gaining “breakthrough” regulatory clarity for the cryptocurrency industry in 2023. To mark the first day of the 118th Congress, Garlinghouse shared his hopes of 2023 being the year the U.S. gained regulatory clarity for crypto and added …
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Crypto adoption in 2022: What events moved the industry forward?
It’s no secret that the crypto market was gripped by bearish pressure for the entirety of 2022. However, amid all the volatility and chaos, many positive news stories appeared as well — especially regarding the global adoption of digital assets and crypto-related technologies in general. Looking back at 2022, here are some key adoption-related events …
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Users need to go under the engine in Web3 — HashEx CEO
Hacking in Web3 is easy because it uses the same pattern that’s been used since the inception of the internet — pretending to be someone else. Due to the complexity and the “cool factor” of Web3 projects, one can easily — and mistakenly — assume that it takes Mr. Robot level of advanced hacking techniques …
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US federal agencies release joint statement on crypto asset risks and safe practices
United States federal bank regulatory agencies started off the new year with a statement on crypto assets looking back at the troubles of the crypto sector in 2022. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a joint statement on Jan. 3 on past …
SBF pleads not guilty, Class action filed against Genesis, Voorhees eyes 2026 bull run – CryptoSlate Wrapped Daily
The biggest news in the cryptoverse for Jan. 3 is dominated by SBF entering his ‘not guilty’ plea, Genesis hit by class action lawsuit, Bithumb chairman found not guilty, and more in this CryptoSlate Wrapped Daily. CryptoSlate Top Stories SBF free on bail for 10 months until trial in October as he pleads not guilty …
White House says SBF meetings concerned pandemic prevention, not just crypto
Former FTX CEO Sam Bankman-Fried visited the White House to discuss pandemic prevention and cryptocurrency, according to a statement on Jan. 3. White House press secretary Karine Jean-Pierre said: “The White House regularly engages with officials from a range of industries and sectors … this meeting with Sam Bankman-Fried was focused on pandemic prevention-related matters …
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Crypto VC funding down by 82.5% YOY, lowest in 2 years
Compared to December 2021(154 projects), there were 50 crypto VC projects funded in December 2022, a decrease of 68% over one year. 1 min read Updated: January 3, 2023 at 10:11 pm Cover art/illustration via CryptoSlate Crypto startups raised $660 million in VC funding in December 2022 – down 21.5% from November (2022) and 82.5% …
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SDNY launches FTX Task Force to recover funds
The effort aims to recover funds belonging to customers of the exchange. 2 min read Updated: January 3, 2023 at 11:54 pm Cover art/illustration via CryptoSlate The Southern District of New York has created a task force intending to recoup lost FTX assets, according to a report published by CNBC on Jan. 3. That effort, …
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SBF free on bail for 10 months until trial in October as he pleads not guilty
The US district court granted SBF’s plea, giving him more time to assess the evidence against him. 1 min read Updated: January 3, 2023 at 9:40 pm Cover art/illustration via CryptoSlate Sam Bankman-Fried, the founder of FTX, pleaded not guilty to the eight charges filed against him at his hearing at the New York US …
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BTC market dominance exceeds 40% after 6 months
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Yuga Labs’ NFT royalty income hits $107.8M in 2022
Yuga Labs‘ total royalty income from Otherdeed for Otherside, Bored Ape Yacht Club (BAYC), and Mutant Ape Yacht Club (MAYC) collections add up to $107.8 million, according to data shared by MilkRoadDaily. Otherdeed for Otherside became the NFT project that collected the most significant revenue in 2022 by making $49.9 million. The collection consists of …
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