Author: e_cash_top
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Korean central bank governor urges CBDC development to compete with stablecoins
[ad_1] Bank of Korea Governor Chang-yong Rhee warned that the rise of stablecoins could pose a significant threat to the traditional roles of central bank money and impact the effectiveness of monetary policies, local media reported. Rhee made the statement at a conference on digital money in Seoul on Dec. 15. He added that central…
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Arbitrum suffers 2-hour partial outage after ‘significant’ surge in traffic
[ad_1] Ethereum layer 2 scaling solution Arbitrum faced a significant disruption on Dec.15, 2023, due to a massive surge in network traffic, causing a partial outage that lasted approximately two hours. Partial outage This incident was primarily caused by a significant surge in network traffic, which led to the Arbitrum One Sequencer and Feed stalling. The…
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Bitcoin outpaces stablecoins in market cap growth
[ad_1] This year, the Stablecoin Supply Ratio (SSR) has shown significant trends, offering deep insights into Bitcoin’s market behavior. The SSR, calculated by dividing Bitcoin’s market cap by the market cap of major stablecoins, is a barometer for the relative financial strength and purchasing power of stablecoins against Bitcoin. This year, a marked increase in…
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Realized gains and losses reflect a volatile year for Bitcoin
[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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Parallel dominates Gam3 Awards with triple win including Game of the Year
[ad_1] The second annual Gam3 Awards has concluded, with Parallel earning top honors in several categories, including Best Strategy Game, Best Card Game, and the prestigious Game of the Year award. The event, celebrating the hard work of development teams in web3 gaming, showcased the diverse potential of blockchain technology in gaming. The Gam3 Awards,…
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Bitcoin mining’s silent comeback in China, according to industry insider
[ad_1] CryptoSlate’s research analyst, James Van Straten, recently sat down with Bitfarms’ Chief Mining Officer, Ben Gagnon, to discuss the evolving landscape of Bitcoin mining, revealing some interesting thoughts on Bitcoin mining in China, along with detailed insights into global miner revenues. Bitcoin and crypto going into 2024. Gagnon shed light on the forthcoming Bitcoin…
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SafeMoon hits record low as company files for Chapter 7 bankruptcy
[ad_1] Decentralized finance (DeFi) project Safemoon’s SFM crashed to an all-time low after the firm behind it filed for bankruptcy on Dec . 14. Attorney Mark Rose filed for a Chapter 7 bankruptcy on behalf of SafeMoon at the United States Bankruptcy Court for the District of Utah. The filing indicates that the firm has…
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Public crypto companies get chance to shine as cybersecurity incidents to be reported within days under SEC rules
[ad_1] The Securities and Exchange Commission’s (SEC) new disclosure requirements for how the public discloses material cybersecurity incidents go into effect later this month following the conclusion of the comment period. Given the transparent and timely manner in which exploits are often reported and handled within the crypto space, the new requirements may offer public…
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Powell’s dovish stance aligns with Federal Reserve’s balance sheet increase
[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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KuCoin’s Bitcoin funding rate soars to 22%, suggesting bullish sentiment
[ad_1] Quick Take The provided graph showcases Bitcoin’s (BTC) funding rates on various digital asset exchanges, signaling the market sentiment by illustrating a 7-day moving-average annual percentage yield (APY). Noteworthy is KuCoin’s significantly higher funding rate at 22% APY, according to The Block, a positive number that suggests a bullish sentiment. This rate implies long…