Coinbase, Ripple, a16z to attend Republican and Democratic National Conventions
Coinbase, Ripple, and Andreessen Horowitz (a16z) plan to send representatives to the Republican National Convention (RNC) and, later, the Democratic National Convention (DNC). On July 15, Politico said the firms would first “make their case to GOP power brokers” to…
OCCRP investigation reveals surge in crypto ATM usage among scammers, criminals
Crypto ATMs, designed to facilitate converting cash to cryptocurrencies, are increasingly being exploited by scammers, according to a recent investigation by the Organized Crime and Corruption Reporting Project (OCCRP) and the Miami Herald. The findings reveal a troubling surge in…
Bitcoin futures volume peaks in March, declines in sync with price drop
On-chain Highlights DEFINITION: The total volume traded in futures contracts in the last 24 hours Bitcoin futures volume on major exchanges shows varied trends throughout 2024. The Glassnode charts illustrate a significant shift in futures trading activity. From the start…
Here’s the impact of MiCA regulations on the European crypto market
The following is a guest post from Mike Romanenko, CVO and Co-Founder of Kyrrex. The European crypto landscape is on the brink of a significant transformation with the introduction of the Markets in Crypto-Assets (MiCA) regulation. Mike Romanenko, CVO &…
Bitcoin futures term structure indicates bullish sentiment
On-chain Highlights DEFINITION: The Futures Term Structure is a graphical representation of the pricing for futures contracts expiring at increasingly distant dates into the future. The most common state of the graph, an upward slope, indicates a premium must be…
‘Memes are the gateway to crypto and blockchain’: SHIB developer Kusama
The pseudonymous lead developers of memecoin Shiba Inu (SHIB), Shytoshi Kusama and Kaal Dhairya, gave their first-ever interview to the Arabian Business. In the interview published on Friday, Kusama and Dhairya disclosed previously unknown facts about their past lives. For…
From staking to recursive lending
The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock. Staking Staking is a fundamental yield generation strategy in DeFi. It involves locking a blockchain’s native tokens to secure the network and validate transactions, earning rewards in…
Senator Lummis says ‘Bitcoin in reserve’ can help dollar ‘remain strong’
Senator Cynthia Lummis (R-WY) has asserted that incorporating Bitcoin into the US financial system can strengthen the US dollar and help it maintain its global dominance. She made the statement during a Fox Business interview on July 12, where she…
DWS confirms plans to launch first regulated euro-backed stablecoin in 2025
Available exclusively via What can regional trends tell us about the Bitcoin market? Andjela Radmilac · 4 days ago CryptoSlate’s latest report dives deep into Glassnode’s regional supply and price metrics to analyze their changes in the first half of…
Coinbase believes crypto voters will play major role in US Presidential elections
Coinbase said crypto voters will play a significant role in the upcoming US presidential election and have the potential to impact key battleground states. The exchange pointed to several surveys and studies conducted on its behalf to gauge the extent…
Fideum | CryptoSlate
Introduction Fideum is a fintech company focused on accelerating the digital transformation of financial institutions, banks, and small—to medium-sized enterprises (SMEs) through its eponymous blockchain infrastructure. With the strategic backing of Mastercard Europe and a recent win at the Mastercard…
Kraken, major industry players co-found non-profit Blockchain Security Standards Council
Kraken announced that it has co-founded the Blockchain Security Standards Council (BSSC) with several other major industry players to enhance security within the crypto sector. The other co-founders include Anchorage Digital, Coinbase, Fireblocks, Bastion, Figment, Halborn, OpenZeppelin, Ribbit Capital, and…
Bitwise CCO says Ethereum ETFs ‘close to finish line’, SEC open to other funds
Bitwise CCO Katherine Dowling said spot Ethereum ETFs are “close to the finish line” while noting that the SEC is “quite welcoming” about discussions regarding other products. On July 9, Dowling told Bloomberg that the SEC and ETF issuers are…
Post-halving volatility triggers significant Bitcoin futures liquidations
Available exclusively via What can regional trends tell us about the Bitcoin market? Andjela Radmilac · 2 days ago CryptoSlate’s latest report dives deep into Glassnode’s regional supply and price metrics to analyze their changes in the first half of…
Bitcoin-gold correlation fluctuates but trends downwards post-halving
Available exclusively via What can regional trends tell us about the Bitcoin market? Andjela Radmilac · 1 day ago CryptoSlate’s latest report dives deep into Glassnode’s regional supply and price metrics to analyze their changes in the first half of…
Retail Bitcoin holders intensify accumulation amid dip
Available exclusively via What can regional trends tell us about the Bitcoin market? Andjela Radmilac · 24 hours ago CryptoSlate’s latest report dives deep into Glassnode’s regional supply and price metrics to analyze their changes in the first half of…
Bitcoin’s 25 Delta Skew experiences sharp fluctuations amid correction
Onchain Highlights DEFINITION:Skew is the relative richness of put vs call options, expressed in terms of Implied Volatility (IV). For options with a specific expiry, 25 Delta Skew refers to puts with a delta of -25% and calls with a…
Rethinking public blockchains to protect the fragile future of tokenization
Tokenization has taken center stage in Web3 over the past year, drawing immense investment and attention from BlackRock, JPMorgan, and other key players. Despite a ‘slow start’, analysts predict asset tokenization will reach a $2 trillion market size by 2030….
Witness in Nigerian trial against Binance accuses platform of contravening Central Bank rules
Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), accused Binance of conducting transactions reserved for authorized banks and financial institutions on Friday, according to a local media report. Akinwumi’s accusations were part of his testimony in…
OpenAI did not reveal security breach in 2023 – NYT
OpenAI experienced a security breach in 2023 but did not disclose the incident outside the company, the New York Times reported on July 4. OpenAI executives allegedly disclosed the incident internally during an April 2023 meeting but did not reveal…
Ex-Obama Solicitor General accuses regulators of intentionally debanking crypto firms
Former Solicitor General Donald B. Verrilli, who served during the Obama administration, has accused US regulators of intentionally stifling the crypto industry through debanking practices. Verrilli, who now serves as Grayscale Investments’ senior legal strategist, made the remarks in a…
South Korea to tighten crypto exchange oversight with new monitoring system
South Korea’s Financial Supervisory Service (FSS) plans to tighten oversight of crypto trading platforms under its jurisdiction to eliminate fraudulent transactions. In a July 4 notice, the regulator announced that local exchanges must establish a “continuous monitoring system for unfair…
Market in wait-and-see mode as Bitcoin volumes stagnate
Tracking and analyzing transfer volumes is crucial for understanding the underlying economic activity within the Bitcoin network. Spikes in transfer volumes show heightened market participation, either from new entrants and institutional investors — usually during bull runs — or significant…
Low Bitcoin volatility marks potential market maturation amid steady prices
Available exclusively via The importance of long-term and short-term holders for Bitcoin Andjela Radmilac · 2 days ago CryptoSlate’s latest market report dives deep into the concept of LTHs and STHs to provide a comprehensive understanding of their impact on…
Bitcoin spot volume data shows significant buying pressure pre-halving
Available exclusively via The importance of long-term and short-term holders for Bitcoin Andjela Radmilac · 1 day ago CryptoSlate’s latest market report dives deep into the concept of LTHs and STHs to provide a comprehensive understanding of their impact on…
Celsius Network initiates legal action to recover funds from pre-bankruptcy withdrawals
Bankrupt crypto lender Celsius Network’s litigation administrator has initiated legal action against account holders who have not settled liabilities related to preferential transfers made in the 90 days before the firm filed for bankruptcy. The lawsuits, filed in the US…
Early US ETF investors now recognized as long-term holders
Quick Take Short-term holders (STHs) are investors who have acquired Bitcoin within the last 155 days, while long-term holders (LTHs) are those who have held Bitcoin for longer. Notably, the launch of the Bitcoin ETF in the US on Jan….
VanEck’s 2024 Bitcoin outlook impresses with accurate forecasts
Quick Take At the end of 2023, VanEck made 15 ambitious predictions for the digital assets market in 2024. Here’s a look at how some of these predictions have fared so far. 1. The US Recession and the First Spot…
Discover the power of tracking crypto whales for smarter trading: Margex Research
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Experienced retail traders and long-term investors in the cryptocurrency market understand the driving force in a speculative market algorithm fueled by…
Vitalik Buterin calls U.S. crypto regulatory approach ‘anarcho-tyranny’
Vitalik Buterin, co-founder of Ethereum, has once again voiced his concerns regarding the state of cryptocurrency regulation, particularly in the US. In response to a user on Warpcast, a decentralized social media platform, Buterin highlighted a regulatory paradox that he…
Bitcoin experiences heightened volatility in EU trading hours post-April halving
Onchain Highlights DEFINITION: This metric shows the 30-day change in the regional price set during EU working hours, i.e., between 8 A.M. and 8 P.M. Central European Time (07:00-19:00 UTC), respectively, and Central European Summer Time (06:00-18:00 UTC). Bitcoin’s month-over-month price…
Judge dismisses counts related to BUSD, BNB sales in SEC-Binance lawsuit
The U.S. Securities and Exchange Commission (SEC) lawsuit against Binance and its co-founder Changpeng Zhao (CZ) is set to proceed after a Friday ruling. A judge in the U.S. District Court for the District of Columbia gave the green light…
Coinbase to launch CFTC-regulated futures trading for 5 altcoins
Coinbase Derivatives plans to launch margined futures contracts for Avalanche (AVAX), Chainlink (LINK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHIB). On June 28, the service published an announcement and submitted filings to the CFTC to list each contract under…
Alleged Violations of Securities Laws
The SEC has filed a new lawsuit against Consensys for alleged violations of federal securities laws. The complaint centers on Consensys’s MetaMask wallet services, specifically the Swaps and Staking features, which the SEC claims have been operating as unregistered broker…
Biden campaign adviser Keisha Lance Bottoms calls crypto bipartisan issue
Keisha Lance Bottoms, soon to be Joe Biden’s senior campaign adviser, told the media that crypto is a nonpartisan issue. On June 27, Bottoms told The Hill that crypto is “a nonpolitical and unifying issue that has received bipartisan support,”…
CleanSpark agrees to acquire GRIID for $155 million amid mining struggles
Bitcoin miner CleanSpark has agreed to acquire its rival GRIID Infrastructure for $155 million, according to a June 27 statement. The companies also revealed that they entered an exclusive hosting agreement for all currently available power, of which 20 MW…
Chiliz facing lawsuit filed by former employee over $10 million unpaid tokens, wrongful termination
Chiliz, a leading blockchain platform specializing in sports and entertainment fan tokens, is embroiled in a legal dispute with a former Korean employee who claims the company failed to deliver $10 million worth of promised tokens as part of his…
Bitwise CIO predicts $15 billion inflow into Ethereum ETFs despite potential Grayscale outflows
Bitwise CIO Matt Hougan has predicted that the impending spot Ethereum exchange-traded funds (ETFs) will see a $15 billion net flow within their first 18 months of trading. Hougan shared this forecast on June 26, basing his prediction on Ethereum’s…
Crypto fear and greed index plunged to 30 amid market volatility, lowest since January 2023
Crypto derivatives markets: Bitcoin vs. Ethereum Andjela Radmilac · 1 day ago CryptoSlate’s latest market report dives deep into the theoretical and practical differences between BTC and ETH and explores their respective futures, options, and perpetual futures markets.
Bitcoin’s supply in profit drops to 80% as post-halving effects take hold
Onchain Highlights DEFINITION: The percentage of circulating supply in profit, i.e. the percentage of existing coins whose price at the time they last moved was lower than the current price. Bitcoin’s percentage supply in profit reflects dynamic market conditions. The…
Riot Platforms calls for shareholder meeting to oust Bitfarms’ founder from board
Riot Platforms has decided to abandon its bid to acquire rival Bitfarms. Instead, it seeks to overhaul Bitfarms‘ Board of Directors before considering further takeover attempts. On June 24, Riot formally requested a special meeting of Bitfarms shareholders to restructure…
Winklevoss twins receive refund of over $300k from Trump’s campaign
Cameron and Tyler Winklevoss have been collectively refunded around $310,800 by the Trump 47 Committee since they exceeded the maximum amount of donation allowed by federal law, a campaign official told Bloomberg. The founders of Winklevoss Capital Management and Gemini…
Crypto’s dirty little secret? It’s safe
The following is a guest post by Ben Mills, Co-Founder at Meso. The U.S. Securities and Exchange Commission blessed Ether and Bitcoin ETFs, and the U.S. House passed FIT-21 with bipartisan support. The perception is that those are the next…
CoinStats suspends app after security breach compromises 1,590 wallets
CoinStats, the crypto portfolio app, has temporarily shut down its application to address a security incident. The company stated the breach was limited to 1,590 wallets or 1.3% of all CoinStats Wallets. The company reported that connected wallets and centralized…
FinCEN says illicit use of crypto by criminals creates new ‘opportunities’ for detection
The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued a stark warning to US financial firms, warning them about the increasing use of crypto by Mexican drug cartels to purchase chemicals used to manufacture fentanyl. In an updated…
BlackRock, other issuers update S-1 filing for spot Ethereum ETFs, raising expectations for July launch
Seven spot Ethereum ETF applicants amended their registration statements with the SEC on June 21, leading to increased expectations of a trading launch in early July. Franklin Templeton, VanEck, Invesco Galaxy, BlackRock, 21Shares, and Fidelity submitted updated S-1 registrations for…
Binance CEO welcomes Standard Chartered move to launch Bitcoin trading desk
Binance CEO Richard Teng has welcomed Standard Chartered into the crypto industry after reports revealed that the banking giant was preparing to launch a spot trading desk for Bitcoin and Ethereum. This move would make the bank one of the…
Judge signals likely continuation of SEC lawsuit against Kraken
A federal judge in California indicated that he is inclined to let the US Securities and Exchange Commission’s (SEC) lawsuit against Kraken proceed, casting doubt on the exchange’s efforts to have the case dismissed, according to media reports. According to…
Public companies adopting Bitcoin as treasury asset see shares soar
Quick Take Let’s examine the share price performance of publicly traded companies that have adopted Bitcoin (BTC) as a treasury asset, excluding mining companies. The most notable example is MicroStrategy, which adopted BTC in August 2020. At that time, its…
Long-term Ethereum holders reach new high
Onchain Highlights DEFINITION: Bundle of all active supply age bands, aka HODL waves. Each colored band shows the percentage of Ethereum in existence that was last moved within the time period denoted in the legend. Ethereum’s HODL Waves chart illustrates…
SEC head of crypto asset enforcement David Hirsch exits agency
SEC crypto asset enforcement chief David Hirsch announced his departure from the agency on June 17. Hirsch said he served at the agency for almost nine years before his exit. He said he was “proud of the historic work done…
How did we lose control of our currencies?
The following is a guest post by Phillip Alexeev, Chief Growth Officer at CrossFi. Over the centuries, the evolution of currency has defined the human experience. From primitive bartering systems to establishing standardized coins and paper money, currencies have been…
Will Bitcoin’s price bear the brunt of Mt. Gox’s repayment plan?
The following is a guest post by Nischal Shetty, co-founder and President at Shardeum. Mt. Gox’s dormancy might not be over, but a series of tokens moving out from its wallets has caught the attention of the market. A total…
Explaining Digital Asset Security Methods
Digital asset security is paramount in crypto, and several cryptographic methods are available to ensure the safety of digital assets, each with unique benefits and applications. This article focuses on explaining Shamir’s Secret Sharing (SSS), Threshold Signature Schemes (TSS), Multi-Party…
BIS reveals almost every major central bank is interested in wholesale CBDCs
The Bank for International Settlements (BIS) said its recent survey of central banks revealed that 94% of them globally are now engaged in exploring central bank digital currencies (CBDCs) — reflecting a sharp increase in experiments and pilots, especially with…
Meta pauses European AI assistant launch due to regulatory objections
Meta said it will delay the launch and training of its AI assistant in Europe following a request from the Irish Data Protection Commission (DPC). According to a June 10 statement, the regulator asked Meta to postpone large language model…
Bitcoin ETFs see sharp $226.2M outflow amid ETH ETF news
After a successful Wednesday, spot Bitcoin ETFs saw another significant downturn yesterday. According to data from Farside, June 13 saw outflows totaling $226.2 million, contrasting sharply with the $100.8 million recorded on June 12. Fidelity’s FBTC led the outflows with…
Congressman Massie says support for legislation to abolish Federal Reserve has grown 10x
US Congressman Thomas Massie has reintroduced legislation aimed at abolishing the Federal Reserve, a move he says was inspired by a seminal book on Bitcoin. The bill, known as the “Federal Reserve Board Abolition Act,” marks the first attempt in…
Curve founder hit with $27M liquidation as CRV drops to historic low
Michael Egorov, founder of Curve Finance, faced liquidation earlier today after the CRV token plummeted to an all-time low of $0.219. $27 million liquidated On-chain analyst EmberCN reported that Egorov’s lending positions were largely liquidated, totaling around 100 million CRV,…
US court issues final judgement against Terraform Labs, Do Kwon, imposes $4.5 billion in fines
The US District Court for the Southern District of New York has issued a final judgment against Terraform Labs and its co-founder Do Kwon, in the high-profile case filed by the Securities and Exchange Commission (SEC). The ruling finds the…
Trump vows to make US a Bitcoin mining powerhouse if re-elected
Former US President Donald Trump has shifted his attention to Bitcoin miners in his drive towards embracing the crypto industry. In a June 12 post on Truth Social, Trump expressed support for Bitcoin mining, highlighting its potential to bolster energy…
Improved Functionality with TRX Staking and Expanded Blockchain Support
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › B2BinPay, the world-leading blockchain platform, has just become even better. The latest version introduces TRX staking and expands blockchain support, offering…
Eight Bitcoin miners cross $1 billion market cap
Quick Take Recent data from Farside reveals that 8 out of the top 30 publicly traded Bitcoin miners have achieved market capitalizations exceeding $1 billion. Marathon Digital Holdings leads the pack with a market cap of $5.5 billion, followed by…
World’s largest bank ICBC praises the evolution of Bitcoin, Ethereum as innovative financial assets
The world’s largest lender, Industrial and Commercial Bank of China (ICBC), recently published an in-depth analysis highlighting the rapid evolution and growing diversity in digital currencies, where it compared Bitcoin to gold and deemed Ethereum “digital oil.” The report emphasizes…
Semler Scientific’s Bitcoin Buying Spree: A $57 Million Investment
Quick Take On May 28, Semler Scientific unveiled its Bitcoin treasury strategy, following the path of companies like MicroStrategy and Metaplanet. This announcement has had a positive impact on Semler’s stock, which has surged by 10%, contrasting with MicroStrategy’s slight…
Bitcoin’s corporate takeover: Why non-crypto companies are buying BTC
The post Bitcoin’s corporate takeover: Why non-crypto companies are buying BTC appeared first on CryptoSlate.
Bitcoin accumulation addresses surge as market optimism returns
Onchain Highlights DEFINITION: The number of unique accumulation addresses. Accumulation addresses are defined as addresses that have at least two incoming non-dust transfers and have never spent funds. Exchange addresses and addresses received from coinbase transactions (miner addresses) are discarded….
Bridging traditional finance and DeFi
The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock What is BlackRock’s BUIDL Fund? The BUIDL fund, formally known as the BlackRock USD Institutional Digital Liquidity Fund, represents BlackRock‘s venture into tokenized assets on a public…
Miners continue reporting declines in Bitcoin production following halving
Available exclusively via How BlackRock’s Bitcoin ETF shapes the crypto market Andjela Radmilac · 5 days ago CryptoSlate’s latest market report dives deep into the meteoric rise of BlackRock’s Bitcoin ETF to understand how it positioned itself at the forefront…
Arthur Hayes predicts impending bull run for Bitcoin as G7 central banks start easing policy
BitMEX co-founder Arthur Hayes believes the recent policy shifts by global central banks herald the start of a significant bull market for Bitcoin and high-potential altcoins. In his latest blog post, “Group of Fools,” Hayes articulated how these changes in…
Why is Bitcoin hash rate so important for its security?
Bitcoin’s hash rate is a critical metric that measures the computational power used to mine and process transactions on the Bitcoin network. It is expressed in hashes per second (h/s), with standard denominations including kilohashes (kH/s), megahashes (MH/s), gigahashes (GH/s),…
DTCC highlights potential of tokenization in Congressional testimony
DTCC Digital Assets global head and managing director Nadine Chakar made a compelling case for the benefits of tokenization in her testimony before the House Financial Services Subcommittee on Digital Assets on June 5. Chakar’s testimony centered on the transformative…
Exploring the Cosmos Network and the Recent Outage
On June 5, the Cosmos Hub blockchain network experienced an outage lasting around four hours due to a bug discovered during the implementation of the v17 upgrade. The Cosmos team stated that the bug was a Liquid Staking Module (LSM)…
Binance moves to dismiss most of UK Bitcoin SV case
Binance moved to dismiss most of the claims in a UK case regarding its delisting of Bitcoin SV (BSV), Reuters reported on June 5. The case also names the companies behind Kraken, Shapeshift, and Bittylicious as defendants. BitMEX Research reported…
Bitcoin ETFs record best day with no outflows netting $887 million
Available exclusively via How BlackRock’s Bitcoin ETF shapes the crypto market Andjela Radmilac · 2 days ago CryptoSlate’s latest market report dives deep into the meteoric rise of BlackRock’s Bitcoin ETF to understand how it positioned itself at the forefront…
Bitcoin halving slashes miners’ production in May by over 40%
Several Bitcoin miners experienced a decline in BTC production in May due to the effects of the April Bitcoin halving event. The Bitcoin halving occurs approximately every four years and automatically reduces miner rewards, thereby enhancing the flagship digital asset’s…
US Bitcoin ETFs mark 15 straight days of inflows led by Fidelity’s $77 million boost
Available exclusively via How BlackRock’s Bitcoin ETF shapes the crypto market Andjela Radmilac · 1 day ago CryptoSlate’s latest market report dives deep into the meteoric rise of BlackRock’s Bitcoin ETF to understand how it positioned itself at the forefront…
More US states expected to follow Wisconsin’s lead by investing in spot Bitcoin ETFs
Marquette University professor emeritus David Krause told PBS Wisconsin on May 31 that other US states could follow Wisconsin in investing in spot Bitcoin ETFs. Krause called Bitcoin a “good investment” for state pension funds, emphasizing its role in diversification,…
Inclusion in MSCI World Index attracts $6.1 million iShares funding for MicroStrategy
Quick Take MicroStrategy (MSTR) has been added to the MSCI World Index; changes took effect at the market close on May 31. This inclusion means that June 3 marks the first day MSTR is part of this index. Additionally, MSTR has…
What’s behind the nearly $1 billion surge in blockchain gaming investments
The following is a guest post from Yaniv Baruch, COO at Playnance. The first quarter of 2024 reinvigorated investors’ sentiment in the crypto market. With the landmark litigation against the SEC ending, US investors have finally received access to spot…
Where crypto angel investors should deploy capital after Ethereum ETF approval
The following is a guest post from Tim Haldorsson, CEO of Lunar Strategy. In nine short years, Ethereum has gone from pioneering on-chain smart contracts and programmable crypto to becoming the backbone of decentralized finance and blockchain infrastructure. The recent…
Bitcoin exchange balances decline to five-year low, major outflows from Binance and Coinbase signal long-term holding strategies
Onchain Highlights DEFINITION: Balances on exchanges are the total amount of coins held on exchange addresses. Bitcoin’s balance on exchanges has continued its downward trend, reaching a significant low. As of the latest data, the total balance on exchanges has…
Biden vetoes resolution to overturn of SEC’s controversial SAB 121
US President Joe Biden vetoed H.J. Res. 109, which aimed to overturn the of the SEC’s controversial SAB 121 rule, on May 31. Biden wrote that SAB 121 represents the “considered technical” views of SEC staff. He added that the…
Congress to discuss potential benefits of RWA tokenization in June hearing
The House Financial Services Digital Assets Subcommittee will hold a hearing on real-world asset (RWA) tokenization on June 5 to discuss the emerging sector’s potential benefits. Congress will listen to testimony from industry experts at the hearing to determine the…
Fidelity’s $119.1 million inflow boosts Bitcoin ETF gains as inflows hit 13-day streak
Quick Take On May 30, Farside data revealed that Bitcoin (BTC) Exchange-Traded Funds (ETFs) experienced another inflow of $48.8 million, marking 13 consecutive trading days of positive inflows. The current record is 17 successive inflows, indicating strong investor confidence in…
Musk denies reports claiming he has been counseling Trump on crypto
Elon Musk denied reports that he had been advising former President Donald Trump on crypto-related matters but reaffirmed his support for digital assets. The Tesla and SpaceX CEO’s public denial came in response to reports from Bloomberg and the Wall…
BlackRock IBIT on track to surpass iShares Gold ETF $29 billion AUM by year-end
The latest data from Farside reveals slowing inflows into Bitcoin (BTC) exchange-traded funds (ETFs), totaling $28.3 million on May 29. Six of the 11 ETF issuers experienced positive inflows, with BlackRock’s IBIT leading the pack. BlackRock IBIT saw a $24.6…
Mastercard launches Crypto Credentials system to simplify crypto transactions
Mastercard launched Mastercard Crypto Credential on May 29, enabling users to send and receive crypto using simplified aliases instead of complex blockchain addresses, according to a press release. Mastercard Crypto Credential verifies interactions among consumers and businesses on blockchain networks,…
BlackRock’s IBIT overtakes Grayscale’s GBTC Bitcoin holdings amid inflow surge
Quick Take Farside data shows that Bitcoin (BTC) Exchange-traded funds (ETFs) experienced $45 million in inflows on May 28. Seven of eleven ETFs recorded positive inflows, reflecting broad interest among issuers. BlackRock’s IBIT ETF led the inflows with $102.5 million,…
FTX’s Ryan Salame to serve 7.5 years in prison
The US DOJ sentenced former FTX executive Ryan Salame to 90 months, or 7.5 years, in prison on May 28. The New York Times reported that Salame will surrender on Aug. 29. His lawyers aim to have Salame serve his…
Memecoin made by ChatGPT for $69 now worth $618 million as casino culture rages
Turbo (TURBO), an AI-generated memecoin, has experienced a significant surge in value, rising 1,460.31% over the past 30 days to reach a market capitalization of over $500 million. This remarkable growth is attributed to its unique origin and the increasing…
Solana validators approve 100% allocation of priority fees, ending 50/50 burn split
Solana validators voted to allocate 100% of priority fees to themselves on May 27, ending the previous 50/50 split between burning fees and rewarding validators. The proposal, known as SIMD-0096, passed with 77% approval. It aims to address perceived flaws…
MicroStrategy eyes S&P 500 after 146% share rise and inclusion in MSCI World, Russell 1000
Quick Take MicroStrategy, which holds a significant 214,400 Bitcoin on its balance sheet, has experienced a remarkable 146% rise in share price this year, pushing its market cap to approximately $30 billion. This impressive performance has earned the company inclusion…
Farallon Capital discloses $85 million in GBTC, Cetera discloses $22 million in GBTC
Farallon Capital Management, Cetera Investment Advisers, and BigSur Wealth Management have reported multi-million dollar investments in spot Bitcoin ETFs in the first quarter. Farallon Capital, a San Francisco-based hedge fund manager, disclosed an $85.2 million investment in Grayscale’s GBTC on…
Ethereum Foundation considering formal conflict of interest policy after community backlash
Ethereum Foundation (EF) is considering implementing a formal conflict of interest policy following backlash over two prominent developers joining EigenLayer as advisors. Executive director Aya Miyaguchi addressed the issue in a social media post, emphasizing the importance of maintaining credible…
No vote needed for SEC approval of Ethereum ETF in positive sign for other cryptocurrencies
The SEC approved Ethereum ETFs through delegated authority, a decision that could significantly impact the crypto market. Unlike the Bitcoin ETF approval in January, which required an SEC vote, this approval did not undergo a public voting process by commissioners….
Ethereum ETF approval will set stage for Solana ETF, commodity classification
According to a recent Bernstein report, the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the US may establish a precedent for classifying Solana (SOL) as a commodity. The classification of cryptocurrencies as either securities or commodities holds…
House passes FIT21 crypto bill with majority bipartisan support
The US House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) on May 22. In all, 279 representatives voted yes, 136 voted no, and 15 abstained from voting on the proposed crypto legislation. The…
WEF raises concerns over quantum computing risks to CBDCs, cryptographic encryption
The World Economic Forum (WEF) has issued a stark warning about the vulnerabilities in central bank digital currencies (CBDCs), urging the implementation of quantum-resistant strategies to safeguard these digital currencies from emerging cybersecurity threats. According to a recent WEF report…
30 days of Runes: Interest fizzles after spectacular launch
Runes launched on April 20, the day of Bitcoin’s fourth halving. Fueled by the hype surrounding the much-anticipated halving, they were introduced to the market with a bang, garnering an incredible amount of attention and activity. Their launch caused quite…
Gala Games says it resolved exploit within 45 minutes, identified culprit
Gala Games said it responded swiftly to the significant security breach on May 20 that resulted in the unauthorized sale of $21 million worth of GALA tokens and the “effective burn” of an additional 4.4 billion tokens. The exploit has…
Gala Games exploited for $200 million
An unknown attacker exploited the blockchain gaming project Gala Games on May 20 for approximately $200 million, according to reports. Solidity developer 0xquit said the attacker minted 5 billion GALA tokens through an admin address, noting that an external hacker…
Kraken denies plans to delist USDT in EU
A Kraken executive denied the exchange plans to delist Tether’s USDT stablecoin in Europe on May 18. Global Head of Asset Growth & Management Business Mark Greenberg said the company is examining “all options to offer USDT under the upcoming…
Building the interconnected Internet of Blockchains
Since the advent of Bitcoin in 2009 and the explosion of innovation that followed, the web3 industry has faced many challenges. Beyond dealing with regulators, improving UX, and weeding out bad actors, blockchain engineers continue to tackle two major hurdles:…
Will the complexity of web3 win over web2?
The following is a guest post from Bakhrom Saydulloev, Product Lead at Mercuryo.Statistics works in a funny way. When experts feel the need to prove the growing acceptance and awareness of Web3, they over-simplify the concept to say, for instance:…
Analyzing the US Government’s Bitcoin holdings: What you need to know
The following is a guest post from Vincent Maliepaard, Marketing Director at IntoTheBlock. According to the latest data from IntoTheBlock, the U.S. government holds over 1% of the Bitcoin supply, valued at an impressive $13.16 billion. These holdings have tripled…
Using Power Laws to predict when the Bitcoin price will hit $1 million
The following is a guest post by Rajagopal Menon, the Vice President of WazirX.Come the bull market, cometh the models to predict the price of Bitcoin. In the last bull market in 2021, the Stock-to-Flow (S2F) model was the flavour…
Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end
Crypto exchange Coinbase believes the odds of the SEC approving spot Ethereum ETFs by the end of the month stand between 30% to 40%. In a May 15 report, Coinbase Institutional Research Analyst David Han asserted that the main factor…
Oklahoma enacts landmark legislation establishing rights to self-custody crypto
Oklahoma has become the first US state to legally protect the right to self-custody Bitcoin after passing a new bill. The newly signed legislation ensures that residents can hold, control, and use digital assets without state interference. Republican Governor Kevin Stitt…
India’s securities watchdog calls for crypto regulation; Turkey moves toward licensing model
Turkey and India advanced crypto policies on May 16 that could create a framework for businesses and investors operating in each country. Reuters reported that the Securities and Exchange Board of India (SEBI) wants multiple regulators to oversee crypto trading…
Bybit faces potential legal action in France for regulatory non-compliance
France’s Autorité des Marchés Financiers (AMF) has warned French crypto investors that Bybit is not a registered platform in the country, according to a May 16 notice. The financial regulator stated: “The Autorité des Marchés Financiers (AMF) is calling on retail…
Two major hedge funds reveal $2.4 billion exposure to spot Bitcoin ETFs
Millennium Management and Schonfeld Strategic Advisors disclosed some of the largest spot Bitcoin ETF investments among traditional financial firms to date, according to their 13F filings for the first quarter. Millennium invested a total of $1.9 billion in spot Bitcoin…
Worldcoin open-sources revamped biometric data system
Worldcoin Foundation has introduced a new system using Secure Multi-Party Computation (SMPC) for biometric template protection, developed with cryptography engineers from TACEO. The advancement has allowed the foundation to securely delete the previous iris code system. The move is part…
Oklahoma signs bill into law protecting crypto spending, mining, and self-custody
Oklahoma has signed into law a bill protecting crypto-related rights. The Oklahoma State Legislature website indicates Governor Kevin Stitt approved HB 3594 on May 13. The bill comes into effect on Nov. 1. Under the new law, the Oklahoma state…
TRON DAO Adds Google Cloud as a Super Representative Candidate on the TRON Blockchain
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Geneva, Switzerland, May 14th, 2024 – TRON DAO today announced that Google Cloud has joined its roster of Super Representative candidates…
Bitcoin sees correlation with equities as Brazil’s 4-month trading volume hits $6 billion
Kaiko Research said Bitcoin’s (BTC) correlation with equities is rising, with a 90-day correlation rising to 0.17 last week after hitting a multi-year low of 0.01 in March. Meanwhile, Brazil experienced a significant rise in volume and is outpacing the…
Hong Kong Bitcoin and Ethereum ETFs face record single-day outflows
Mining for the future: Bitcoin industry trends in the aftermath of the halving Andjela Radmilac · 5 hours ago CryptoSlate’s latest market report dives deep into the Hashrate Index Q1 report to determine the current state and future trajectory of…
JP Morgan, Wells Fargo latest major banks to disclose Bitcoin exposure via ETFs
JP Morgan and Wells Fargo are the latest major global banks to disclose exposure to Bitcoin via some of the spot BTC exchange-traded funds launched in January. The two lenders filed their 13F disclosures on May 10, revealing a modest…
IMF backs crypto to solve Nigeria’s forex issues despite local crackdown
The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto exchanges. The watchdog made the proposal in its latest consultation report for Nigeria. The move aims to bolster the country’s…
US Congress to potentially vote on new legislation for crypto industry by end of May
House Financial Services Committee Chairman Patrick McHenry said new legislation that will give the crypto industry greater clarity regarding regulatory oversight is set for a potential House floor vote by the end of May. The proposed legislation — dubbed the…
Even if this weekend’s solar storm destroyed civilization, Bitcoin would survive
The sun can produce massive flares of particles and radiation that can have a significant impact on Earth. Scientists have studied these flares for 150 years, focusing on what’s considered the largest such event of all time: the Carrington Event…
Ark Invest, 21Shares drop staking from spot Ethereum ETF proposal
Ark Invest and 21 Shares dropped staking plans in their updated spot Ethereum ETF proposal on May 10. The firms’ previous Feb. 7 filing added a clause detailing that the sponsor — 21 Shares — intended to stake a portion…
Ethereum transaction fees hit record low as Layer-2 networks siphon activity
The average transaction fee on Ethereum has reached record lows as more activity moves to the Layer-2 (L2) networks on the chain. According to Ultrasound.money data, the average gas has dropped to 4.81 Gwei — the lowest level since the…
Robinhood CEO says SEC unwilling to facilitate crypto industry despite ‘good faith’
Robinhood CEO Vlad Tenev voiced strong concerns about the limitations regarding the accessibility of crypto for Americans and criticized the SEC for its “regulation by enforcement” approach toward the industry. Tenev made the statement during a CNBC interview on May…
Core Scientific reports $210.7 million in Q1 net income, 2,825 BTC production
Core Scientific reported a $210.7 million net income for the first quarter on May 8. The change represents an increase of $211.1 million from the first quarter of 2023, when the company reported a net loss of $0.4 million. The…
Trump’s potential return could catalyze major uptick in alt investments like Bitcoin – StanChart
A recent Standard Chartered report forecasts that a second term for Donald Trump could significantly boost Bitcoin and other digital assets as viable alternative investments. The report investigates how US fiscal policies under a potential Trump administration could steer investors…
NYSE Arca withdraws Grayscale’s futures ETH ETF 19-b4 filing
The US SEC reported a critical Grayscale withdrawal on May 7 that could have broad implications for spot Ethereum ETFs. Specifically, NYSE Arca withdrew a 19-b4 filing containing a proposed rule change through which it intended to list and trade…
Coinbase legal chief challenges SEC chair Gensler’s claim that most crypto tokens are securities
Coinbase chief legal officer Paul Grewal called on US SEC Chair Gary Gensler to stop misleading the market about the legal status of cryptocurrencies in a May 7 social media post. Grewal made the statement in response to Gensler’s recent…
Hightower Advisors, SouthState Bank disclose investments in spot Bitcoin ETFs
Hightower Advisors disclosed a $68 million investment in spot Bitcoin ETFs in a May 6 filing. The 13F filing indicates that the firm holds 709,956 shares of Grayscale’s GBTC worth $44.8 million, 200,084 shares of FBTC worth $12.4 million, 188,397…
Bitwise CIO says regulatory hurdles are a boon for Coinbase amid SEC crackdown on crypto firms
In the wake of the Securities and Exchange Commission’s (SEC) recent crackdown on crypto firms, Bitwise Investments CIO Matt Hougan offered insights suggesting that the regulatory landscape might be inadvertently favoring US crypto exchange Coinbase. Hougan proposed in a recent…
Osmosis co-founder Sunny Aggarwal on costumes, Cosmos, and the ‘Bitcoin renaissance’
Even if you’re not an avid ‘Cosmonaut,’ you’re probably familiar with Sunny Aggarwal, the co-founder of Osmosis Labs. With an infectious smile and upbeat personality, Sunny’s name is surprisingly apt. He’s the type of person whose deep intellect, quick wit,…
Six Coinbase customers claim the exchange is violating securities laws in new lawsuit
Six Coinbase customers filed a new class-action lawsuit against crypto exchange Coinbase Global, two subsidiaries — Coinbase, Inc. and Coinbase Asset Management, LLC. — and its CEO, Brian Armstrong, on May 5. The lawsuit alleges that the digital assets listed…
The rise of Bitcoin ETFs and future market implications
The following is a guest post from Shane Neagle. Regardless of an asset’s fundamentals, its value is governed by one underlying feature – market liquidity. Is it easy for the wider public to sell or buy this asset? If the…
BTC-e crypto exchange operator pleads guilty to money laundering in the U.S.
Alexander Vinnik, a Russian national who operated the crypto exchange BTC-e, pled guilty to charges of money laundering conspiracy in the US on May 3, according to a Bloomberg report. BTC-e was one of the world’s largest crypto exchanges between…
DOJ charges three Cred execs over $783 million in customer fund losses
On May 3, the US DOJ announced charges against former executives of Cred, a bankrupt crypto lending and investing firm. Authorities alleged that the three accused individuals — Cred co-owner and former CEO Daniel Schatt, former CFO Joseph Podulka, and…
Challenging the notion of ‘Stag’ or ‘Flation’
Quick Take Federal Reserve Chair Jerome Powell dismissed concerns about stagflation following the release of the latest US economic data. In his speech following the Fed’s decision to keep fed funds rates at 5.25%-5.50%, Powell stated: “So I don’t see…
Saylor predicts SEC will designate Ethereum as a security and deny spot ETF applications this summer
MicroStrategy executive chairman and co-founder Michael Saylor believes the SEC will classify Ethereum as a security this summer and reject the related spot ETF applications filed by various asset managers, including BlackRock. Saylor made the prediction in a social media…
From gold to Bitcoin: ETFs excel while miners falter post-launch
Quick Take After the launch of the first Gold ETF SPDR Gold Shares (GLD) in 2004, the precious metal embarked on a remarkable bull run, soaring from around $430 to $1,800 per ounce by August 2011. This surge has fueled…
Pike Finance admits to error following $1.7 million exploit, denies fault of USDC
On May 1, DeFi protocol Pike Finance corrected its description of a recent exploit and said it was not caused by a USDC vulnerability, as previously stated. According to the company’s latest statement: “The term ‘USDC vulnerability’ was inaccurate for…
Tether reports record $4.52 billion profit in Q1 despite shrinking market share
Stablecoin issuer Tether (USDT) achieved a historic net profit of $4.52 billion in the first quarter despite facing a significant drop in market share. Record net profit According to the attestation report shared with CryptoSlate, the firm’s substantial profits chiefly…
Alts signal hits new low, hinting at a potential altcoin rally
One of the many ways to analyze the crypto market is to compare the performance of its segments. For the sake of simplicity, leading, large-cap ecosystems like Bitcoin (BTC) and Ethereum (ETH) can be seen as a single segment of…
Expert fears resurgence of ‘environmental narrative’ as US coal miner generates $30 million by mining Bitcoin
Alliance Resource Partners (ARLP), a US-based coal mining company, said it has successfully mined 425 Bitcoin worth $30 million by harnessing excess energy from its facilities, according to its first-quarter earnings call. However, crypto environmentalist Daniel Batten argues that the…
MicroStrategy continues stacking Bitcoin with $1.65 billion purchase during Q1
MicroStrategy’s first quarter earnings report showed the firm bought roughly 25,250 BTC for $1.65 billion at an average price of $65,232 per BTC during the first three months of the year. With its latest purchases, MicroStrategy now holds 214,400 BTC…
The Battle Royale — what lies ahead amid regulatory clash and hack mayhem?
The following is a guest post by Nikita Ovchinnik, the Co-founder at Barter DeFi. DeFi may be “in the crosshairs” of the SEC, as Forbes magazine recently stated after the SEC action against Uniswap. Still, the matter raises valid concerns…
Custodia Bank files notice of appeal in Federal Reserve case
Custodia Bank filed a notice of appeal in its ongoing case against the US Federal Reserve on April 26. The bank intends to appeal an earlier judgment that denied its entitlement to a Federal Reserve master account, a service that…
UK law enforcement given new powers to seize, destroy digital assets linked to criminals
The UK government enacted new laws on April 26 that grant the National Crime Agency (NCA) and police enhanced powers to seize, freeze, and destroy digital assets linked to criminal activities. The new measures aim to disrupt the financial networks…
How decentralized payments are a gateway to economic development
The following is a guest post by Alexander Mamasidikov, the CEO of CrossFi. The world of financial transactions is transforming, driven by the rising solutions in Web3 payments. While this evolution is being witnessed worldwide, it’s particularly noteworthy that developing…
Binance’s defense against SEC could be aided by Mango Markets case
Binance could strengthen its defense against the US Securities and Exchange Commission (SEC) by drawing on an unrelated case. On April 26, Binance and related parties filed a government document from an unrelated case against Mango Markets exploiter Abraham Eisenberg,…
Polkadot community backs SnowBridge for seamless Ethereum integration
Polkadot’s governance is currently mulling over a proposal to activate SnowBridge, a cross-chain bridge designed to link the Polkadot blockchain with Ethereum. A cross-chain bridge essentially serves as a decentralized application (DApp), streamlining asset transfers between blockchains to enhance token…
FBI warns US citizens against using ‘unregistered crypto money transmitting services’
The FBI advised US citizens against using unregistered crypto services to transmit assets on April 25. The agency’s warning stated that users should avoid crypto money transmitting services that are not registered as Money Services Businesses (MSBs) under US federal…
Bitcoin ETFs in the US drive higher crypto allocations among institutional investors
Institutional investors increasingly sought exposure to crypto during the first quarter of the year following the launch of several US-based spot Bitcoin exchange-traded funds (ETFs) in January. The CoinShares Digital Fund Manager survey revealed that these institutional investors have significantly…
High Bitcoin fees push active addresses down to 3-year low
On April 20, the day of the Bitcoin halving, total transaction fees paid to miners jumped to 1,257.71 BTC, the highest since December 2017. The high amounts starkly contrasted with fees from the previous day, which amounted to only 116.94…
Vitalik Buterin addresses ZKasino’s misuse of ‘zero-knowledge’ in $33M scam
Ethereum co-founder Vitalik Buterin said the issues with ZKasino were evidence that the term “Zero-Knowledge (ZK)” has gained enough prominence in the industry to attract misuse by fraudulent actors. Buterin’s comment followed revelations that the blockchain-based gambling platform rugged its users…
Bitcoin Runes made up 57.7% of transactions on halving day
Launched on the day of the Bitcoin halving, Runes are a form of data embedded directly into Bitcoin transactions. Unlike simple financial transfers, Runes encapsulate additional information within these transactions. Bitcoin Runes operate by utilizing a method known as “transaction…
Bitcoin’s hash rate shows resilience, set to propel difficulty to new heights
Quick Take Data from Coinwarz shows the Bitcoin network is gearing up for another difficulty adjustment, scheduled for April 24 at approximately 1:57 PM UTC. The adjustment is expected to be over 2.2%, pushing the difficulty to a new all-time…
How AI is unveiling the secrets of crypto money laundering
The following is a guest post by Brendan Cochrane, Partner at YK Law LLP. Artificial Intelligence tools could revolutionize anti-money laundering efforts in cryptocurrency transactions. These tools can analyze far more transactions quickly than any human, helping banks and law…
FTX creditors invited to bid on Solana tokens in new auction format
FTX creditors have been urged to participate in the defunct exchange’s bankruptcy estate’s planned auction of its remaining Solana token holdings. On April 20, Figure CEO Mike Cagney revealed that the next round of FTX’s locked Solana token sales would…
Human Rights Foundation launches Finney Freedom Prize to reward contributions to Bitcoin for 110 years
The Human Rights Foundation (HRF) unveiled the Finney Freedom Prize on Bitcoin’s fourth halving day to celebrate the flagship crypto for enabling greater financial freedom for the world. The award is designed to honor significant global achievements in Bitcoin and…
How MiCA affects your company
The following is a guest post by Mark Gofaizen, Senior Partner at Gofaizen & Sherle. As the MiCA regulation that will reshape the crypto industry approaches, crypto companies need to ensure compliance for a smooth transition. Crypto-asset market regulation (MiCA),…
IRS draft tax form for crypto defines unhosted wallets as brokers
The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’…
AI and blockchain: A match made in heaven or hell
The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. From AI Models on Bitcoin to AI training data on a layer 2 blockchain, coins linked to AI crypto projects are all the rage in the altcoin…
FTX investors agree to drop civil lawsuit against SBF if he snitches on celebrity promoters
FTX investors may drop claims against the company’s co-founder and former CEO, Sam Bankman-Fried, in return for his support. Bloomberg reported on April 19 that, under a proposed settlement, Bankman-Fried would cooperate against celebrity promoters named as defendants in a…
Hedgey Finance hit by $44.5 million crypto theft across Arbitrum and Binance networks
Token infrastructure platform Hedgey Finance lost approximately $44.5 million of digital assets within two hours across Ethereum’s layer-2 network Arbitrum and Binance Smart Chain. In an April 19 statement shared with CryptoSlate, blockchain security firm Cyvers explained that a malicious…
SEC claims Justin Sun’s alleged visits to US grant it personal jurisdiction to pursue legal action
The US SEC filed an amended complaint in its case against Justin Sun and other defendants on April 18, arguing that Justin Sun’s alleged visits to the US should grant it the jurisdiction required to pursue legal action. The regulator…
Polkadot introduces JAM upgrade and 10 million DOT prize to enhance network capabilities
Gavin Wood, Polkadot’s founder, introduced the Gray Paper outlining the upcoming Join-Accumulate Machine (JAM) upgrade for the network. This announcement was made during Wood’s presentation on Polkadot’s future at the Token2049 crypto conference in Dubai. Web3 Foundation, the entity behind…
New Zealand’s CBDC roadmap enters design consultation stage
The Reserve Bank of New Zealand opened a new consultation period on a central bank digital currency (CBDC) on April 17. The current stage of development seeks input on “high-level design options for digital cash.” Digital New Zealand dollar Current…
Hong Kong’s Bitcoin, Ethereum ETFs projected to hit $1 billion in assets within two years
Bloomberg analysts have revised previous inflow predictions for Hong Kong’s newly approved Bitcoin and Ethereum exchange-traded funds (ETFs) to $1 billion within the first two years. Bloomberg senior ETF analyst Eric Balchunas had previously estimated the funds to garner roughly…
New legislation in Arkansas singles out Bitcoin miners introducing targeted state fee
The Arkansas Senate has greenlit a resolution introducing legislation to impose fees on crypto miners for excessive energy consumption, Arkansas Times reported on April 15. The proposed legislation introduces a tiered fee structure to the emerging industry. Miners consuming 1…
Bitcoin’s weekend dip shakes out short-term holders
Bitcoin saw a significant dip over the weekend, with BTC dropping from $70,090 on April 11 to $64,400 on April 13. Despite the initial fears of a broader conflict in the Middle East developing and a potential market downturn beginning, Bitcoin’s…
Bitcoin is the only way out of feudalism
The following is a guest post by Kadan Stadelmann, the CTO of Komodo Blockchain. The US has undergone an immense consolidation of wealth and power in recent years. Americans everywhere are suffering while modern-day robber barons get fat off a…
A preventative compromise to brash FinCEN proposal
To reveal or not to reveal? That is starting to become the question when it comes to data on the blockchain. Transparency and immutability might disable the control of data by large power structures, yet on an individual level there…
How Asia’s next crypto investment wave will be ignited from Bitcoin ETFs
On January 10, 2024, the U.S. Securities and Exchange Commission (SEC) approved multiple applications for spot Bitcoin ETFs. On day one, $4.6B in shares were traded, with cumulative trading volume exceeding the $50B mark by February 22. The ETF approval…
Ethereum Pectra upgrade promises major wallet improvements with EIP 3074 integration
Ethereum developers are currently deliberating the Pectra upgrade, which is poised to enhance various facets of the blockchain’s functionality. Tim Beiko, the Ethereum Foundation‘s protocol support lead, confirmed the development, revealing that the developers have agreed to include Ethereum Improvement…
Worldcoin App hits 10 million users in less than 12 months
World App, the first native Worldcoin (WLD) wallet, has reached the milestone of 10 million users in less than 12 months from its launch. As the first wallet compatible with World ID, the World App significantly contributes to providing accessible,…
BlackRock tokenized BUIDL fund now convertible to USDC 24/7 via Circle integration
Circle, the issuer of USDC, announced a new smart contract functionality that allows holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to transfer their shares to Circle for USDC. As reported by Circle, this smart contract provides BUIDL…
Let’s integrate blockchain into the real economy
How many new Web3 solutions have you encountered recently? What was their value proposition? Most likely it was transaction scalability, fee reduction, speed optimization, or a new token for yet another payment system. It almost seems that the blockchain industry…
How emerging tech cultivates a sustainable revolution in agriculture
In an era where environmental sustainability is no longer a mere aspiration but a global imperative, the marriage of cutting-edge technology and environmental commitment gives rise to innovative and effective carbon-reduction solutions across the farming sector. At the forefront of…
From days to months: How Bitcoin holder behavior predicts price peaks
Quick Take Bitcoin’s price cycles are often influenced by the behavior of short-term holders (STHs), defined as investors who have held the digital asset for less than 155 days. According to Glassnode data, during market peaks, STHs typically possess 80%…
Only 1% of consumers still think Bitcoin is a passing ‘fad’
Bitcoin and crypto are no longer seen as a fleeting “fad” among consumers — the majority now consider them an integral part of the financial system, Reuters reported on April 8, citing a Deutsche Bank survey. The survey gathered responses…
Marathon CEO hints at sovereign contributions to Bitcoin’s burgeoning hash rate
Quick Take The Bitcoin network is experiencing a remarkable surge in its hash rate, a crucial metric that reflects the computing power dedicated to processing transactions and maintaining the blockchain. According to the latest Glassnode data, the 7-day moving average…
FTX discount sale of $1.9 billion locked Solana faces creditor fury
FTX creditors have strongly disapproved of the bankrupt crypto exchange’s decision to sell its Solana holdings at a significant discount to crypto venture firms. Earlier today, reports revealed that FTX offloaded as much as 30 million SOL at a rate…
Jury finds Do Kwon, Terraform Labs liable for multi-billion dollar fraud
Following a nine-day trial, a jury found Terraform Labs and its co-founder Do Kwon liable for defrauding investors who lost billions when TerraLUNA collapsed in 2022. The SEC announced the verdict on April 5 in a press release. The regulator…
The 3 tourist cities in Brazil using Bitcoin as money
Discover the cities of Jericoacoara, Rolante, and São Thomé das Letras, three tourist cities using Bitcoin as everyday money. Understand how the Lighting Network plays a crucial role in promoting the use of Bitcoin as a payment method. Store of…
Policymakers must think outside of currently accepted norms to understand crypto
The persistent disconnect between policymakers and technology invariably results in proposed and approved regulations overlooking pertinent parts of new technologies. US lawmakers and regulators face the challenge of regulating emerging technologies across blockchain and AI. Policymakers, like Senator Cynthia Lummis,…
Tornado Cash developer gets help in court from blockchain advocacy groups
Three blockchain advocacy groups have filed amicus curiae briefs on April 5 to defend Tornado Cash developer Roman Storm from criminal charges in the US. The filings support Storm’s motion to dismiss the charges against him and present several arguments…
MicroStrategy thrives on Bitcoin strategy while Tesla left over $1 billion on table as stock slips
Quick Take As the digital assets market continues to evolve, two prominent US-based companies have taken vastly different approaches to their Bitcoin investments, with starkly diverging outcomes. MicroStrategy, a business intelligence firm, made its first Bitcoin purchase in August 2020…
Crypto VC investments increased 38% in first quarter breaking 2 year trend
Crypto venture capital (VC) investments increased in the first quarter of 2024, according to a survey published by Crypto Koryo on April 4. The analyst measured growth across two distinct metrics. VCs invested nearly $2 billion in crypto projects, marking…
How Grayscale GBTC sell-off has impacted Bitcoin long-term holder metrics
Quick Take The sell-off from Grayscale has had an interesting effect on well-known Bitcoin metrics, skewing data heading into the next halving. Examining the duration since bitcoins were last transacted on-chain, we can categorize them according to their “Supply Last…
Google eyes ‘premium’ AI features to revamp business model
Google is reportedly considering the introduction of paid “premium” features powered by generative AI to its search engine, The Financial Times reported on April 2. Sources close to the matter told the newspaper that Google is exploring the possibility of…
Nigeria and Interpol collaborate to extradite Binance executive amid money laundering charges
The Nigerian Government has engaged the International Criminal Police Organization, Interpol, to facilitate the extradition of Binance executive Nadeem Anjarwalla, who is currently on the run, as reported by local media outlet Punch. Meanwhile, Binance has urged the Nigerian authorities…
Grayscale falls behind in ETF outflows first time since launch as ARKB loses $87.5 million
Grayscale Bitcoin Trust (GBTC) recorded lower outflows for the first time since the launch of spot Bitcoin ETFs on April 2, after ARK 21Shares (ARKB) posted outflows amounting to $87.5 million, according to Coinglass data. Comparatively, GBTC recorded the lowest…
CoinList’s spring 2024 batch shines a spotlight on next-gen crypto projects
CoinList, a leading Web3 launchpad platform, has selected ten promising crypto projects for its 2024 spring batch Seed projects, according to an April 2 statement shared with CryptoSlate. The projects were selected from over 350 applicants vying for inclusion in…
Burkett Financial Services buys Bitcoin via ETFs
Burkett Financial Services, a South Carolina-based financial planner, disclosed investments in two Bitcoin exchange-traded funds (ETFs) on April 1. Burkett’s latest Form 13F filing indicates it holds 602 shares of BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF. The…
Bitcoin leads over $800 million global crypto ETP market rebound, overshadowing Ethereum outflows
Last week, the digital asset market witnessed a significant influx of over $800 million, spearheaded by Bitcoin’s dominance, according to the weekly flow report shared by CoinShares‘ head of research James Butterfill. This surge marks a swift rebound following the…
How Bitcoin options impact the crypto market
The post How Bitcoin options impact the crypto market appeared first on CryptoSlate.
Can investors face euphoric market conditions safely?
The following is a guest post from Evgeny Filichkin, an Investment Advisor at Keytom neobank. When Bitcoin cleared the $69,000 level and established a new all-time high, it resulted in the so-called ‘euphoria zone’ — a phase in the market…
Whatever happened to security? Privacy?
The following is a guest post from John deVadoss, Governing Board of the Global Blockchain Business Council in Geneva and co-founder of the InterWork Alliance in Washington, DC. Last week, I had the opportunity in Washington, DC to present and…
Vitalik believes memecoins should be used for philanthropy and social impact
Ethereum co-founder Vitalik Buterin recently articulated a reflective and forward-looking perspective on the evolution of memecoins within the crypto ecosystem. Memecoins, initially popularized by Dogecoin and later by a plethora of imitators, have been a subject of much debate and…
Court rules Custodia Bank not entitled to Federal Reserve master account
A Wyoming court has ruled against Caitlin Long’s Custodia Bank by determining that the lender is not entitled to a Federal Reserve master account. In a summary judgment on March 29, Judge Scott W. Skavdahl found that Custodia Bank has…
SBF to serve jail term in medium security prison near San Francisco, ordered to forfeit $11 Billion
Samuel Bankman-Fried, the former CEO of FTX, has been sentenced to serve his 24-year jail time in a medium-security prison, with a recommendation for a facility as close to the San Francisco – Bay Area as possible. This decision, made…