Author: e_cash_top

[ad_1] John Deaton, a well-known crypto lawyer, said that regulatory actions against the crypto industry point to a significant government overreach and intrusion into the private sector. Deaton made the statement on social media on Jan. 22, where he specifically called out the actions of various federal agencies, including the SEC, FBI, EPA, and the…

[ad_1] Bitcoin has plunged below the critical threshold of $40,000, marking a significant downturn in the cryptocurrency’s value. Bitcoin was trading at $39,640 as of press time, down 18% from its peak of $49,000 earlier in January. The decline to around $40,000, Bitcoin’s lowest level since mid-December of the previous year, has been driven by…

[ad_1] Crypto-related investment products experienced their first outflow for this year, totaling $21 million, according to CoinShares’ latest weekly report. The downturn coincided with an unprecedented surge in trading activity among Bitcoin products, reaching a staggering $11.8 billion last week. This remarkable volume was seven times higher than the average weekly volume recorded in the…

[ad_1] Quick Take As Bitcoin’s value teeters slightly over $40,000, the market undergoes significant sell pressure, partly attributable to GBTC outflows and an intriguing profit-taking trend. This trend, which CryptoSlate closely monitors, reveals long-term holders and short-term holders engaging in profit-taking at levels not witnessed in years. From Oct. 20, 2023, onwards, daily profit-taking has…

[ad_1] The Ethereum Foundation, a non-profit organization dedicated to the blockchain network’s ecosystem, liquidated $1.6 million worth of ETH, according to crypto analytical firm Arkham Intelligence. Data from the platform reveals that the foundation utilized the CoW Protocol to sell 700 ETH, acquiring $1.6 million in DAI stablecoin. Subsequently, the funds were transferred to an…

[ad_1] Data from Arkham Intelligence shows Grayscale has continued its daily Bitcoin outflows, which have occurred daily shortly before the U.S. market opened each day since its conversion to a spot Bitcoin ETF. Arkham Intelligence GBTC outflows With famously high fees, the trust continues to see investors leave the fund seeking lower fees or to…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Sen. Elizabeth Warren has faced significant backlash from the crypto community following her recent remarks disparaging the industry. In a Jan. 21 post on X (formerly Twitter), Sen. Warren referenced a report from the U.S. Government Accountability Office (GAO) alleging that “rogue nations” were leveraging cryptocurrency to evade sanctions and pose threats to national…

[ad_1] Despite Beijing’s 2021 ban on crypto trading, a thriving underground market reportedly continues to operate in China. The Wall Street Journal (WSJ) reported that investors circumvent the country’s stringent regulations through informal networks through VPNs, social media, and physical trading. China is one of the world’s most stringent regions for crypto trading. Authorities actively…

[ad_1] Bitcoin’s price should go “higher in six months” because investors divesting their Grayscale’s Bitcoin Trust (GBTC) holding would switch to other exchange-traded funds (ETFs), according to Galaxy Digital CEO Michael Novogratz. Novogratz made this statement in response to a bearish outlook presented by BTCdata Corporation’s founding partner, Chris J. Terry, who predicted a short-term…