Author: e_cash_top

[ad_1] A bill that categorizes cryptocurrencies sold to institutional investors as securities was introduced to New Jersey’s general assembly on Nov. 30 by Assemblyman Herb Conaway Jr. The proposed legislation mainly focuses on virtual currencies directly sold to institutional investors as it explicitly states: “This bill classifies all virtual currencies issued and sold to institutional…

[ad_1] Bitcoin (BTC)-based Ordinals (ORDI) price briefly fell under $50 after renowned BTC core developer Luke Dashjr described Inscriptions as bugs on the blockchain network that must be fixed. In a Dec. 6 post on social media platform X, Dashjr said inscriptions’ were exploiting a vulnerability in Bitcoin Core to spam the blockchain. Ordinal Inscriptions…

[ad_1] Société Générale, France’s third-largest bank, is poised to introduce a stablecoin named EUR CoinVertible (EURCV) on Bitstamp, a Luxembourg-based crypto exchange, the Financial Times reported on Dec. 6. Bitstamp’s website shows that the stablecoin has been listed on the platform, but trading has yet to begin as of press time. What is EURCV? EURCV…

[ad_1] Quick Take As Bitcoin was catapulted into the ninth position in the global asset rank yesterday, notably ahead of Meta, its performance is juxtaposed with TLT, the US long bond ETF. Currently, Bitcoin stands at 36% short of its all-time high, while TLT, trading approximately at $95, is 49% away from its peak. Price…

[ad_1] Cryptoc traders experienced liquidations worth more than $260 million during the last 24 hours due to the surging value of digital asset prices. Data from CoinGlass reveals that most of these liquidated positions, valued at around $170 million, belonged to shorts—traders who speculated on price declines. This marks the fourth-largest sum of short liquidations…

[ad_1] Quick Take Bitcoin, the pioneering digital asset, has seen a noteworthy rally, escalating past the $43,000 threshold and momentarily touching $44,000 before undergoing a slight retracement. The ripple effect of this rapid ascension culminated in a significant $230 million liquidation in the crypto market within the past 24 hours, according to Coinglass. Nonetheless, the…

[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] Decentralized finance (DeFi) emerged as a movement with the promise of revolutionizing the global financial system based on a simple yet powerful premise — offering access to better solutions with its peer-to-peer asset transfer and smart contract-powered autonomy. Since 2015, multiple sub-sectors like lending, trading, and automatic market-making quickly emerged, amassing US$175 billion in…

[ad_1] The U.S. SEC has submitted a letter to Judge Jed Rakoff in the ongoing case against Terraform Labs, presenting the argument that the crypto assets should be classified as securities under legal definitions. The letter, dated Dec. 4, outlines the regulator’s position and proposes that the court, rather than a jury, determine whether the…

[ad_1] ARAX Holdings Corp, a prominent name in the digital asset management world, announced on Dec. 5 that it has acquired a partial stake in The Nemesis, an innovative open-world metaverse platform. Ockert Loubser, COO of ARAX, said: “This acquisition is not just an investment; it’s a commitment to shaping the future of how we…