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Cardano’s Hoskinson calls Ethereum Classic ‘scam’ after Ergo’s exclusion from Proof-of-Work Summit
Cardano (ADA) founder Charles Hoskinson described Ethereum Classic (ETC) as a scam project whose only purpose is for insiders to dump on recruits with false hopes. Ergo not invited to proof-of-work summit The statement was made in reaction to ETC Cooperative’s refusal to invite Ergo (ERG) to a Proof of Work summit organized by it and […] The post Cardano’s Hoskinson calls Ethereum Classic ‘scam’ after Ergo’s exclusion from Proof-of-Work Summit appeared first on CryptoSlate. дальше »
2023-5-19 19:43 | |
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Going full maxi: Tensions flare as Bitcoin expert maintains that altcoins are scams
Coder and Bitcoin maxi Jimmy Song reiterated long-held views that all altcoins are scams — renewing the debate around the inherent vulnerabilities found with centralized projects. Song goes full maxi In a tweet response to Chainstore Labs CEO Bruce Fenton, Song said altcoins are responsible for hindering Bitcoin adoption — adding that they “deserve the […] The post Going full maxi: Tensions flare as Bitcoin expert maintains that altcoins are scams appeared first on CryptoSlate. дальше »
2023-5-19 12:15 | |
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Coinbase Cloud to run Chainlink node to advance smart contract connectivity
Coinbase Cloud, the Web3 infrastructure unit of Coinbase, said it would become a Chainlink (LINK) oracle node operator to improve smart contract security. In a May 18 statement shared with CryptoSlate, Coinbase Cloud said Chainlink plays a significant role in providing real-world data for web3 through decentralized Oracle networks. дальше »
2023-5-18 18:00 | |
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CryptoSlate wMarket Update: XRP leads large caps as market recovers recent losses
The cryptocurrency market saw net inflows of $17. 1 billion over the last 24 hours and currently stands at $1. 14 trillion — up 1. 5% from $1. 12 trillion. During the reporting period, the Bitcoin (BTC) and Ethereum (ETH) market caps grew 1. дальше »
2023-5-18 14:45 | |
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Does the divergence between USDT and USDC signify a winner in the stablecoin wars?
Quick Take USDT and USDC started roughly simultaneously, back in 2018, and grew in tandem with one another as the crypto market also grew, all the way through to 2022. In May 2022, USDC took a tumble to roughly $50 billion in circulating supply – total amount of all coins ever created/issued – while USDT […] The post Does the divergence between USDT and USDC signify a winner in the stablecoin wars? appeared first on CryptoSlate. дальше »
2023-5-18 19:47 | |
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Tether USDT to strengthen reserves with Bitcoin purchase
Stablecoin issuer Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC). In a May 17 company statement, the stablecoin issuer said it would self-custody the purchased BTC — adding that its purchase “will focus exclusively on utilizing realized profits from its investment strategy, disregarding unrealized capital gains […] The post Tether USDT to strengthen reserves with Bitcoin purchase appeared first on CryptoSlate. дальше »
2023-5-17 16:05 | |
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CryptoSlate wMarket Update: Gaming tokens Axie Infinity, Gala, Decentraland shine in flat market
The cryptocurrency market saw net outflows of $2. 6 billion over the last 24 hours and currently stands at $1. 12 trillion — down 0. 2% from $1. 13 trillion. During the reporting period, the Bitcoin (BTC) and Ethereum (ETH) market caps fell 0. дальше »
2023-5-17 14:45 | |
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Ripple XRP rises 7% after judge denies SEC’s motion to seal Hinman documents
The U.S. Securities and Exchange Commission (SEC) attempt to seal records of internal documents connected to William Hinman’s speech has been denied, according to a May 16 court filing. The motion was denied by Judge Analisa Torres, who ruled that “the Hinman Speech Documents are not protected by the deliberative process privilege because they do […] The post Ripple XRP rises 7% after judge denies SEC’s motion to seal Hinman documents appeared first on CryptoSlate. дальше »
2023-5-17 11:00 | |
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SVB former CEO ties collapse to rumors, Fed Reserve’s interest rate hike
Silicon Valley Bank former CEO Greg Becker blamed the bank’s failure on an unprecedented bank run following rumors about the bank and the Federal Reserve’s interest rate hikes. In a May 16 testimony before the US Senate Banking Committee, the former bank executive claimed that social media fueled the bank run — adding that no financial […] The post SVB former CEO ties collapse to rumors, Fed Reserve’s interest rate hike appeared first on CryptoSlate. дальше »
2023-5-16 15:00 | |
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CryptoSlate wMarket Update: Litecoin re-enters top 10 amid wider market weakness
The cryptocurrency market saw net outflows of $17. 6 billion over the last 24 hours and currently stands at $1. 13 trillion — down 1. 5% from $1. 14 trillion. During the reporting period, the Bitcoin (BTC) and Ethereum (ETH) market caps fell 1. дальше »
2023-5-16 14:45 | |
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Bitcoin’s next bull catalyst: realized price flipping in June, just $800 from long-term holder threshold
Quick Take CryptoSlate has extensively covered the realized price and cost basis of cohorts throughout the bear market, and we are looking at the transition of a bull market. The next bullish Bitcoin catalyst is for the realized price to get above Long Term Holder realized price — which is now less than an $800 […] The post Bitcoin’s next bull catalyst: realized price flipping in June, just $800 from long-term holder threshold appeared first on CryptoSlate. дальше »
2023-5-16 12:00 | |
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BNY Mellon focusing on digital assets sans crypto, deems tokenization ‘next wave of securitization’
BNY Mellon is enhancing its focus on digital assets and has plans of integrating them with all aspects of its business, but that focus does not extend to crypto, American Banker reported May 15. The focus stems from the bank’s digitization strategy, as part of which it is now using artificial intelligence and machine learning […] The post BNY Mellon focusing on digital assets sans crypto, deems tokenization ‘next wave of securitization’ appeared first on CryptoSlate. дальше »
2023-5-16 01:12 | |
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US debt default could make Bitcoin a top 3 asset: Survey
Bitcoin (BTC) could become the third most sought-after asset in the world if the U.S. were to default on its debt, according to Bloomberg News’ latest MLIV Pulse survey. According to the survey, many investors now consider BTC to be a king of “digital gold” and it has become more popular than every fiat currency […] The post US debt default could make Bitcoin a top 3 asset: Survey appeared first on CryptoSlate. дальше »
2023-5-15 19:59 | |
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Op-ed: The dawn of the Post-Knowledge Era: AI’s threat to white-collar Jobs
As we journey deeper into the 21st century, the technological landscape continues to shift dramatically and 2023 will be recognized as the beginning of the Post-Knowledge Era. Dawn of the Post-Knowledge Era This pivotal moment is characterized by the advent of AI technology that is not just reshaping our world but also threatening knowledge-based, white-collar […] The post Op-ed: The dawn of the Post-Knowledge Era: AI’s threat to white-collar Jobs appeared first on CryptoSlate. дальше »
2023-5-15 19:25 | |
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Florida bans ‘centralized digital dollar’ under state law
Florida Governor Ron DeSantis signed a bill that ban any potential iteration of a “centralized digital dollar” in the state. DeSantis announced the signing during a press conference in Fort Myers on May 12 from a podium that read: “Big Brother’s Digital Dollar” ‘CBDCs are wrong’ The governor said during the conference that recent years […] The post Florida bans ‘centralized digital dollar’ under state law appeared first on CryptoSlate. дальше »
2023-5-12 21:28 | |
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CryptoSlate wMarket Update: Bitcoin dumps below $27,000 amid marketwide rout
In the last 24 hours, the cryptocurrency market cap saw net outflows of around $30 billion and currently stands at $1. 10 trillion — down 2. 75% from $1. 13 trillion. During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 4. дальше »
2023-5-12 14:45 | |
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BRC-20 tokens lose 600 million in market cap within four days
Quick Take On May 8, CryptoSlate reported that BRC-20 tokens hit a $1 billion market cap due to the soaring Bitcoin fees that miners were receiving. Yesterday, CryptoSlate reported that inscriptions might have run their course, with the average fee paid per block down from six Bitcoin to one Bitcoin. дальше »
2023-5-12 14:30 | |
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US Chamber of Commerce sides with crypto industry, blasts SEC
The U.S. Chamber of Commerce has sided with Coinbase and the crypto industry, blasting the Securities and Exchange Commission (SEC) over its regulatory approach. In a May 9 court filing, the advocacy group presented several critical arguments about how the SEC deliberately muddied the waters by claiming sweeping authority over digital assets — while deploying […] The post US Chamber of Commerce sides with crypto industry, blasts SEC appeared first on CryptoSlate. дальше »
2023-5-12 13:30 | |
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US lawmaker questions SEC about GBTC redemptions
U.S. Congressman Brad Sherman questioned the Securities and Exchange Commission (SEC) about whether Grayscale Bitcoin Trust investors (GBTC) can redeem their assets from the investment company. In a May 11 letter directed to the SEC Chair Gary Gensler, the Congressman claimed that Grayscale prioritized profits regardless of how it affected over 850,000 retail investors whose […] The post US lawmaker questions SEC about GBTC redemptions appeared first on CryptoSlate. дальше »
2023-5-12 12:15 | |
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Bitcoin drops to $26K as the result of Binance whales selloff
Quick Take In aggregate, $120 million worth of Bitcoin was dumped onto the market yesterday. Mainly from Binance whales — where most of the selling pressure came from. In the grand scheme of things, this is not a lot of sell pressure but the issues stem from an illiquid market — price is susceptible to […] The post Bitcoin drops to $26K as the result of Binance whales selloff appeared first on CryptoSlate. дальше »
2023-5-12 11:30 | |
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US house financial committee gives SEC Chair Gensler ultimatum to respond to inquiries
The U.S. House Committee on Financial Services issued a May 19 ultimatum to the Securities and Exchange Commission (SEC) chair Gary Gensler to respond to its inquiries. In a May 9 letter, the lawmakers demanded that the SEC deliver the requested internal non-public documents of its activities, including its charges against bankrupt FTX founder Sam Bankman-Fried, crypto […] The post US house financial committee gives SEC Chair Gensler ultimatum to respond to inquiries appeared first on CryptoSlate. дальше »
2023-5-12 20:31 | |
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Divergence between long-term and short-term holders could set up a bullish squeeze
Quick Take Long-term holders are defined as holding longer Bitcoin for more than 155 days, which would be from at least December 7th, 2022. Currently, 14.3 million Bitcoin are held by long-term holders, which is an all-time high; they bought relatively near the bottom of the cycle and have already been held through a banking […] The post Divergence between long-term and short-term holders could set up a bullish squeeze appeared first on CryptoSlate. дальше »
2023-5-12 19:07 | |
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Texas embraces greener Bitcoin mining with approval of flare gas emission bill
The Texas House and Senate have passed House Bill 591 – paving the way for Bitcoin miners to use flare gas emissions. Good for the environment In a message from the Texas Blockchain Council, posted by the Documenting Bitcoin Twitter, it was explained that the bill “clarifies” the sale of flare emissions for use by […] The post Texas embraces greener Bitcoin mining with approval of flare gas emission bill appeared first on CryptoSlate. дальше »
2023-5-12 18:49 | |
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Justin Sun admits Huobi ownership, calls Binance a partner rather than rival
TRON founder Justin Sun admits to acquiring Huobi while stating that Binance is an essential partner — not a competitor. Does Sun own Huobi? In July 2022, Huobi founder Leon Li was reportedly seeking a buyer for more than 50% of the company — a move motivated by the market downturn and the increasingly challenging […] The post Justin Sun admits Huobi ownership, calls Binance a partner rather than rival appeared first on CryptoSlate. дальше »
2023-5-11 15:30 | |
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CryptoSlate wMarket Update: False US government Bitcoin selling rumors trigger mild sell-off
In the last 24 hours, the cryptocurrency market cap saw net outflows of around $10 billion and currently stands at $1. 13 trillion — down 0. 36% from $1. 14 trillion. During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 0. дальше »
2023-5-11 14:45 | |
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Bitcoin mempool starts to clear as fee paid per block falls back to one
The cryptocurrency space has been buzzing this week with BRC-20 tokens' market cap exceeding $500 billion, fueled by the rise of Ordinals earlier this year. CryptoSlate reported an unusual phenomenon: Bitcoin miners receiving more income from transaction fees than block rewards. дальше »
2023-5-11 13:50 | |
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VC investments in European projects rise in Q1 2023
Venture capital investment into European crypto projects increased almost ten times in the past year, going from 5.9% in the first quarter of 2022 to 47.6% in Q1 of 2023. Circle Director of Research and Policy Patrick Hansen noted that this increase resulted from the region’s regulatory clarity following the European Union passage of the […] The post VC investments in European projects rise in Q1 2023 appeared first on CryptoSlate. дальше »
2023-5-11 13:45 | |
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Marathon sees $51M revenue, 74% YOY increase in Bitcoin output in Q1
Marathon Digital Holdings reported quarterly results for its cryptocurrency mining operations on May 10. Fried Thiel, chairman and CEO of Marathon, said: “After weathering a tumultuous 2022 … this year is off to a strong start as we grew our hash rate, reduced our cost to mine, and improved our balance sheet during the first […] The post Marathon sees $51M revenue, 74% YOY increase in Bitcoin output in Q1 appeared first on CryptoSlate. дальше »
2023-5-11 02:28 | |
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Research: Ordinals, BRC-20 drive financial boon for Bitcoin miners
The introduction of NFTs and BRC-20 tokens on the Bitcoin network through the Ordinals Protocol has sparked debate over its effects on transaction fees and chain bloat. Despite these concerns, Glassnode data analyzed by CryptoSlate reveals unexpected benefits for Bitcoin miners. дальше »
2023-5-10 21:43 | |
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CryptoSlate wMarket Update: Bitcoin trades flat in mute market performance
In the last 24 hours, the cryptocurrency market cap saw net outflows of around $1 billion and currently stands at $1. 14 trillion — down 0. 06%. During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap rose 0. дальше »
2023-5-10 14:45 | |
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Grayscale establishes funds trust, files for three new crypto funds
Grayscale Investments announced on May 9 that it has formed a new entity called Grayscale Funds Trust and filed for three new crypto investment funds. Grayscale proposes three new ETFs The Grayscale Funds Trust will act as a Delaware statutory trust structure that allows the firm to manage its older products while also pursuing exchange-traded […] The post Grayscale establishes funds trust, files for three new crypto funds appeared first on CryptoSlate. дальше »
2023-5-10 03:18 | |
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CryptoSlate wMarket Update: Bitcoin maintains $27K amid rising network fees
In the last 24 hours, the cryptocurrency market cap saw net outflows of around $20 billion and currently stands at $1. 14 trillion — down 1. 16% from $1. 16 trillion. During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 1. дальше »
2023-5-9 14:45 | |
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OpenAI CEO’s Worldcoin project launches wallet app
Worldcoin, a cryptocurrency project co-founded by OpenAI CEO Sam Altman, announced the launch of its cryptocurrency wallet on May 8. Worldcoin wallet now, token later The new wallet, titled “World App,” supports a beta version of Worldcoin (WLD) as well as third-party cryptocurrencies such as Wrapped Ethereum (WETH), Wrapped Bitcoin (WBTC), USD Coin (USDC), and […] The post OpenAI CEO’s Worldcoin project launches wallet app appeared first on CryptoSlate. дальше »
2023-5-9 23:46 | |
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New law pushes around 400 crypto firms out of Estonia
The number of registered crypto firms in Estonia has dropped by 80% after it enacted a new law to prevent money laundering. The money laundering regulator in the country, Financial Intelligence Unit, published a report stating that the validity of 389 authorizations has expired, and there are only 100 active authorizations for virtual assets service […] The post New law pushes around 400 crypto firms out of Estonia appeared first on CryptoSlate. дальше »
2023-5-9 20:07 | |
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CryptoSlate wMarket Update: Bitcoin drops to $27k amid network congestion issues
Since the last market update, the cryptocurrency market cap saw net outflows of more than $30 billion and currently stands at $1. 16 trillion — down 2. 72% from $1. 19 trillion. Over the last 24 hours, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 3. дальше »
2023-5-8 14:45 | |
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Inside the macro chaos that’s shaping Bitcoin
The post Inside the macro chaos that’s shaping Bitcoin appeared first on CryptoSlate.
дальше »2023-5-6 16:00 | |
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Elizabeth Warren calls crypto ‘method of choice’ for sanction evasion
Senator Elizabeth Warren testified before the Senate Armed Services Committee on May 4, where she emphasized crypto’s use in crime and sanctions evasion. Russia, North Korea’s crypto use in 2022 During her testimony, Warren said: “Cryptocurrency is now the method of choice for countries to evade sanctions so that they can fund weapons programs support […] The post Elizabeth Warren calls crypto ‘method of choice’ for sanction evasion appeared first on CryptoSlate. дальше »
2023-5-6 23:14 | |
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CryptoSlate wMarket Update: Bitcoin maintains $29k in flat market performance
The cryptocurrency market cap saw net outflows of $10 billion over the last 24 hours and currently stands at $1. 19 trillion — down 0. 6% from $1. 20 trillion. During the reporting period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 0. дальше »
2023-5-6 14:45 | |
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Bitcoin spot trading volume decreased 70% in April
Discover the critical trend CryptoSlate has been monitoring – a 70% decrease in spot traded volume in April (MoM). This shift has led to a significant drop in the spot-to-futures ratio, with a surprising new benchmark emerging. дальше »
2023-5-5 11:45 | |
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CryptoSlate wMarket Update: Crypto market recovers this week’s losses
The cryptocurrency market cap saw net inflows of $22. 6 billion over the last 24 hours and currently stands at $1. 20 trillion — up 1. 9% from $1. 18 trillion. During the reporting period, Bitcoin (BTC) and Ethereum’s (ETH) market cap grew 2. дальше »
2023-5-4 14:45 | |
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Fed raises rates by 25bps; Bitcoin remains essentially flat
Quick Take The Federal Open Market Committee (FOMC) has decided to raise rates by 25 basis points, taking the Fed funds rate to 5%- 5.25%. The Fed funds rate is now in line with CPI inflation which is also at 5% The FOMC said it seeks to achieve maximum employment and inflation at the rate […] The post Fed raises rates by 25bps; Bitcoin remains essentially flat appeared first on CryptoSlate. дальше »
2023-5-4 21:08 | |
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Hoskinson: ‘I’d rather be a crypto guy than a banker right now’
Input Output (IO) CEO Charles Hoskinson said he would “rather be a crypto guy than a banker right now.” During an appearance on Fox Business, Hoskinson shared his thoughts on the current banking crisis and its impact on the cryptocurrency world — telling host Maria Bartiromo that crypto is “holding steady and stable” despite last […] The post Hoskinson: ‘I’d rather be a crypto guy than a banker right now’ appeared first on CryptoSlate. дальше »
2023-5-3 12:50 | |
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Balaji Srinivasan doubles down on his $1M Bitcoin bet as an answer to the banking crisis
Crypto entrepreneur Balaji Srinivasan discussed on May 2 the ongoing banking crisis and announced that he had committed funds to his $1 million Bitcoin bet. Balaji says US government is printing trillions In a video posted to Twitter, Srinivasan said: “I just burned a million to tell you they’re printing trillions … I wanted to […] The post Balaji Srinivasan doubles down on his $1M Bitcoin bet as an answer to the banking crisis appeared first on CryptoSlate. дальше »
2023-5-3 23:31 | |
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Regional banks extend losses and some paused due to volatility; Bitcoin up 2%
Quick Take Several regional bank stocks were halted due to volatility on May 2 after dropping more than 25%. KBW Nasdaq Regional Banking Index is down a further 4% today; it is down -26% for the year PacWest $PACW: -29% and halted Metropolitan Bank $MCB: -27% and halted Western Alliance $WAL: -25% and halted HomeStreet […] The post Regional banks extend losses and some paused due to volatility; Bitcoin up 2% appeared first on CryptoSlate. дальше »
2023-5-3 18:00 | |
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Kenya introduces 1.5% tax to crypto companies
Kenya announced that it would imply a 1. 5% tax to all commissions foreign crypto companies earn from their customers, according to a report by Business Daily Africa from Apr. 25. The new regulations include all foreign crypto exchanges that earn interest from facilitating buying and selling transactions of digital assets in Kenya, the Business Daily […] The post Kenya introduces 1. дальше »
2023-5-2 15:00 | |
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CryptoSlate wMarket Update: Crypto market dips 1.5%, Litecoin defies wider downtrend
The cryptocurrency market cap saw net outflows of $17. 1 billion over the last 24 hours and currently stands at $1. 16 trillion — down 1. 5% from $1. 18 trillion. During the reporting period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 1. дальше »
2023-5-2 14:45 | |
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Pepe prints millionaires in March into top 100 assets
Ethereum-based Pepe (PEPE) meme coin is making waves in the crypto market with massive gains over the last few weeks, turning some smart money into millionaires. Since its launch, the meme coin has rallied more than 1000% to new all-time highs and now ranks among the top 100 crypto asset by market cap, according to […] The post Pepe prints millionaires in March into top 100 assets appeared first on CryptoSlate. дальше »
2023-5-2 11:50 | |
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CryptoSlate wMarket Update: BNB bucks weekend sell-off
Since the last wMarket report on April 28, the cryptocurrency market cap saw net outflows of $26. 9 billion and currently stands at $1. 18 trillion — down 2. 2% from $1. 21 trillion. Since April 28, Bitcoin and Ethereum’s market cap fell 2. дальше »
2023-5-1 14:45 | |
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Binance to take action against Justin Sun if he farms SUI token
Binance CEO Changpeng ‘CZ’ Zhao said the exchange would prevent crypto entrepreneur Justin Sun from farming Sui tokens with his $56.1 million True USD (TUSD) deposit. On May 1, Whale Alert reported that Sun had made the deposit mentioned above to Binance, prompting speculations that he was trying to farm the SUI token through the […] The post Binance to take action against Justin Sun if he farms SUI token appeared first on CryptoSlate. дальше »
2023-5-1 14:24 | |
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