Author: e_cash_top

[ad_1] Inferno Drainer, a crypto wallet-draining kit known for its widespread involvement in cryptocurrency scams, announced on Nov. 27 that it is shutting down its operations. The kit has been responsible for phishing schemes that resulted in the theft of over $80 million in cryptocurrencies, with thousands of victims. Inferno Drainer gained notoriety after the…

[ad_1] Standard Chartered Bank has announced its upcoming participation in China’s digital yuan, also known as digital renminbi (RMB), with the pilot project set to commence on Nov. 27. The bank said it will provide customers with digital yuan exchange, redemption, and other services. Additionally, the bank indicated it would access the digital currency’s interconnection…

[ad_1] Binance announced plans to delist Tornado Cash’s native token, TORN, on Nov. 27, closely coinciding with massive losses for the coin. The exchange announced plans to delist TORN on Nov. 27 at 6:00 PM UTC. This coincided with a sudden loss in value for the asset, which dropped from $3.90 to as low as…

[ad_1] According to market data from YCharts on Nov. 24, the Grayscale Bitcoin Trust (GBTC) discount rate has narrowed to 8.06%. The “discount” refers to the situation where the Grayscale Bitcoin Trust (GBTC) shares are trading at a price lower than their underlying net asset value (NAV). GBTC Discount or Premium, via YCharts GBTC began…

[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] Hong Kong’s financial regulators have decided to retain the grace period for crypto firms despite the city grappling with major fraud scandals involving crypto exchange platforms JPEX and Hounax in recent weeks, local media reported on Nov. 27. The grace period allows crypto firms to continue operating in Hong Kong without a license until…

[ad_1] Terra’s failed algorithmic stablecoin USTC topped CryptoSlate’s daily biggest gainers list on Nov. 27; the token’s value shot up over 150% in the last day and was up 39.9% over 24 hours at press time. The digital asset rose to $0.07581 during the reporting period, its highest level since May 2022, when the industry…

[ad_1] Monitoring miner revenue is essential for understanding the health and sustainability of the Bitcoin network. Miner revenue, a combination of block rewards and transaction fees, provides a window into the economic viability of Bitcoin mining. In the context of the upcoming halving, which will slash block rewards by half, the analysis of miner revenue…

[ad_1] BlockFi has reached an agreement in principle with Vrai Nom Investment in its complex bankruptcy proceedings, potentially marking a pivotal moment in the crypto lending firm’s efforts to navigate its financial challenges. BlockFi has been granted an adjournment on related hearings until Dec. 19. As BlockFi emerges from the shadows of its November 2022…

[ad_1] Quick Take Today, Nov. 27, Bitcoin slipped below the $37,000 mark, recording its lowest value since Nov. 22., reaching $36,800. This plunge led to a considerable ripple effect, causing the crypto market to witness liquidations worth $130 million, according to Coinglass. A substantial portion of these liquidations, approximately $100 million, were from long positions.…