Author: e_cash_top
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Cantor Fitzgerald CEO bullish on Tether and Bitcoin, says other cryptocurrencies are ‘make believe’
[ad_1] Howard Lutnik, CEO of Cantor Fitzgerald, recently shared his insights on the future of the crypto industry, highlighting Tether and Bitcoin during the CNBC Money Movers Podcast. As the CEO of a global, full-service financial services firm, including institutional equity, investment banking, commercial real estate, and bond custody, Lutnik offers a unique lens through…
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Meager Bitcoin recovery above $40k backfires for futures traders causing further $185M in liquidations
[ad_1] Cryptoâs volatile price movement during the last 24 hours liquidated a further $185 million from more than 76,000 traders who held long and short positions in the market. Data from Coinglass shows that traders betting on further price growth and a stronger recovery bore the brunt of the losses, with nearly $150 million liquidated.…
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OKX promises user reimbursement following DEX hack due to deprecated smart contract
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more âș Connected to Alpha Welcome! đ 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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Bitcoin miner revenue reshaped by Inscriptions, transaction fees hit $500M in 2023
[ad_1] Quick Take An examination of the dynamics of Bitcoin transaction fees over the last three years reveals notable trends. Miners, traditionally earning revenue through block rewards, have to be increasingly reliant on transaction fees due to the continued reduction of these rewards. The 2021 bull market saw transaction fees surpassing the $1 billion mark.…
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Goldman Sachs revises rate cut forecast, signaling potential boost for Bitcoin amidst monetary policy shift.
[ad_1] Goldman Sachs now anticipates two interest rate cuts by the U.S. Federal Reserve in the upcoming year, revising its initial forecast to include a reduction as early as the third quarter due to subsiding inflation, according to Reuters. This shift in monetary policy could significantly impact Bitcoin, known for its resilience against economic fluctuations.…
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Sam Bankman-Fried’s defense counsel found case ‘almost impossible to win’
[ad_1] David Mills, the Stanford University law professor who oversaw Sam Bankman-Friedâs (SBF) defense during his recent fraud trial, acknowledged that the case was âalmost impossible to winâ during a Dec. 12 interview with Bloomberg. According to Mills, the prosecutionâs robust lineup of witnesses, which included key FTX insiders like Caroline Ellison, Gary Wang, and…
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Donald Trump pitches ‘Mugshot Edition’ NFTs to his supporters for $99 each
[ad_1] Former U.S. President Donald Trump has announced new non-fungible tokens (NFTs) inspired by his recent arrest, according to CollectTrumpCards on Dec. 12. Trump shared the news in a video announcement on X, formerly Twitter. Trump was arrested and processed at the Fulton County Jail in Georgia on Aug. 24, 2023, after being charged under…
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USDC tops S&P Global’s stablecoin stability chart while Tether faces scrutiny
[ad_1] S&P Global Ratings, a leader in providing credit ratings, announced a crucial series of stability assessments for various stablecoins on Dec. 12, rating each assetâs stability strength on a five-point scale. Lapo Guadagnuolo, senior analyst at S&P Global Ratings, said: âWe see stablecoins becoming further embedded into the fabric of financial markets, acting as…
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Aptos unlocks nearly one-tenth of token supply
[ad_1] On Dec. 11, Aptos released 24.84 million APT tokens, 8.89% of its total supply, valued at around $218.8 million. This event coincided with a significant market upturn for Aptos, witnessing a 15.7% increase in value to $8.83 in the 24 hours leading up to 8:10 p.m. UTC on Dec. 12. Aptos has allocated its…
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SEC informs the court that Richard Heart has been served
[ad_1] Richard Heart, founder of blockchain projects PulseChain and HEX, was served with a lawsuit by the U.S. Securities and Exchange Commission (SEC) on Oct. 31 for alleged fraud and unregistered securities sales. In a Dec. 11 filing, the SEC detailed serving the lawsuit, adhering to Finnish law and the Hague Convention on the Service…