Author: e_cash_top
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Old Bitcoin stashes wake up for Christmas, $750 million moved to exchanges
[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…
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Hashdex meets with SEC Chair’s office following Bitcoin ETF proposal
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Bitcoin dip sees short-term holders send $2 billion to exchanges
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Grayscale amends ETF strategy to meet SEC cash-only redemption demands
[ad_1] Crypto asset manager Grayscale filed a revised S-3 filing with the United States Securities and Exchange Commission (SEC) on Dec. 26 to comply with the regulator’s demands for cash-only creation for the fund redemptions. This amendment means Grayscale will facilitate fund creation and redemption using cash, mirroring similar decisions taken by other spot Bitcoin ETF…
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ETF anticipation fails to lift prices as market faces $220 million in liquidations
[ad_1] Quick Take The crypto industry is eagerly awaiting the approval of a spot in the Bitcoin Exchange Traded Fund (ETF) in the first weeks of January. While the market has been expecting institutions to push Bitcoin’s price up in anticipation of the ETF, no such trend has been observed. Recently, the market has witnessed…
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Anatoly Yakovenko says ‘Solana is Ethereum’ in layer-2 scalability debate
[ad_1] Solana creator Anatoly Yakovenko recently referred to Solana as an Ethereum layer-2 solution through its Wormhole eigenlayer in a post on X. In the exchange, Yakovenko positioned the blockchain as an Ethereum layer-2 while responding to a tweet listing various other L2 solutions, including Arbitrum, Aztec, and Polygon, among others. He wrote: “Solana is…
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Despite legal woes, Changpeng Zhao closes the year $24B richer than before
[ad_1] Changpeng Zhao experienced a remarkable surge in wealth in 2023, securing the 35th position on the Bloomberg Billionaires Index, which shows his net worth increasing by an impressive $24 billion this year. As the former CEO of Binance, Zhao is one of the industry’s most notable figures. He entered the cryptocurrency world in 2013,…
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KyberSwap cuts staff by 50% after $54M exploit
[ad_1] KyberSwap, a leading decentralized exchange (DEX) aggregator, announced a 50% reduction in its workforce following a $54 million exploit earlier this month. CEO and co-founder Victor Tran announced the decision on social media on Dec. 24. Elastic fallout The cuts come as the company grapples with the fallout of the “Elastic exploit,” which compromised…
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Grayscale filing reveals board reshuffle as Barry Silbert exits
[ad_1] Key figures at Grayscale, including chairman Barry Silbert and Mark Murphy, president of its parent company Digital Currency Group (DCG), will step down from their board positions effective Jan. 1, 2024, according to a Dec. 26 8-K filing with the United States Securities and Exchange Commission (SEC). Mark Shifke, DCG’s chief financial officer, will…
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Cryptocurrency market sees over 50% decline in hacks over 2023
[ad_1] Cryptocurrency hacks dropped by over half in 2023 compared to the previous year, indicating that heightened security measures and increased law enforcement scrutiny may be paying off. According to research by TRM Labs and other blockchain security firms, cybercriminals stole roughly $1.85 billion in 2023, starkly contrasting the nearly $4 billion lost in hacks…