Author: e_cash_top

[ad_1] Bittrex Global’s imminent closure has led to Bitcoin (BTC) trading at a substantial premium exceeding $10,000, data from its website shows. The exchange’s BTC/US Dollar pair surged to $46,300 before retracing to $44,613 as of press time, significantly surpassing the current average price of $36,450 on major platforms like Binance and Coinbase. Data from…

[ad_1] Ripple Chief Legal Officer Stuart Alderoty believes the recent resolution of anti-money laundering violations by Binance via a settlement with the U.S. Department of Justice (DOJ) is a significant step towards aligning the crypto industry with essential legal and safety standards. Alderoty noted in a series of tweets that major banks have previously undergone…

[ad_1] After six months of Bitcoin exchange withdrawals outpacing deposits, a reversal occurred this month, signaling a change in holder behavior. The exchange net flow, which measures the difference between Bitcoin deposits and withdrawals on exchanges, turned positive at the beginning of November, indicating a renewed interest in exchange activities among Bitcoin holders. This shift…

[ad_1] Quick Take CryptoSlate’s recent analysis has highlighted a growing divergence between Bitcoin miners and the spot price of Bitcoin, hypothesizing a link to the upcoming halving event next year. Intriguingly, this trend seems to echo in the world of precious metals, gold, to be precise. The spot price of gold reached $2,000 this week;…

[ad_1] The GAM3 Awards 2023 in collaboration with GAM3S.GG and Magic Eden features a prize pool exceeding $2M. It will take place on Dec. 14. With 214 games initially nominated, the selection process was entrusted to a panel of over 70 experts from the traditional and web3 gaming sectors. This jury comprises executives from tech…

[ad_1] Quick Take The recent news about CZ and Binance triggered significant sell pressure on Bitcoin, marking a distinctive shift in the behavior of long-term and short-term Bitcoin holders. Long-term holders who have held Bitcoin for over 155 days sold approximately $100 million worth of Bitcoin to exchanges. This sale ranked among this cohort’s top…

[ad_1] Crypto entrepreneur Justin Sun confirmed that two platforms linked to him, the HTX exchange and Heco bridge, suffered an attack, saying: “HTX and Heco Cross-Chain Bridge Undergo Hacker Attack. HTX Will Fully Compensate for HTX’s hot wallet Losses. Deposits and Withdrawals Temporarily Suspended. All Funds in HTX Are Secure, and the Community Can Rest…

[ad_1] Bankrupt crypto lender Genesis has filed legal actions to retrieve $689.3 million from cryptocurrency exchange Gemini. In a Nov. 21 court filing, the bankrupt lender alleged that Gemini contributed to the “run on the bank” it suffered by making these preferential transfers during a 90-day period that preceded its bankruptcy filing. According to the…

[ad_1] The trustee of bankrupt Mt. Gox will begin repaying the firm’s creditors in cash shortly, according to an email reportedly sent to some claimants this week and obtained by CryptoSlate. The email reads, “The Rehabilitation Trustee plans to commence repayment to creditors shortly.” Per the email, the payment will commence within the 2023 calendar…

[ad_1] Events of the last 24 hours involving crypto exchange Binance and several U.S. federal agencies, including the Commodity Futures Trading Commission (CFTC) and the Department of Justice, wiped over $200 million from crypto traders who held positions on the market. CryptoSlate’s data showed that the total market cap of digital assets declined by 2.04% to…