Author: e_cash_top

[ad_1] Abu Dhabi’s Phoenix Group, a Bitcoin (BTC) mining service provider, has completed an initial public offering (IPO) that sold 907 million shares, raising approximately 1.3 billion UAE Dirhams, or $370 million, according to a Nov. 21 statement. The firm said the IPO surpassed its initial expectations, raising 33 times the projected amount. Demand from…

[ad_1] Quick Take Tulip Mania Historically, financial bubbles, once burst, have shown little propensity for recovery. The infamous Tulip Mania of the 17th century exemplifies this trend, with tulip prices soaring twenty times before crashing a staggering 99% in 1637, as reported by Investopedia. Tulip Price Index: (Source: adamsmith) Japanese Real Estate Market The Japanese…

[ad_1] Quick Take As 2024 approaches, the persistence and resilience of the crypto industry are becoming increasingly apparent. Drawing lessons from traditional finance, banks and corporations have been known to navigate through hefty fines and penalties yet maintain their operations, as evidenced during the Global Financial Crash of 2008. This provides a compelling parallel, suggesting…

[ad_1] Blur (BLUR) NFT marketplace founder Pacman has launched a new Ethereum (ETH) layer-2 network, Blast, designed to enable its users to earn “native yields.” In a Nov. 20 statement, the protocol explained how its novel approach differentiates it from other layer-2 networks. According to the team, Blast is an Ethereum Virtual Machine (EVM)-compatible, optimistic…

[ad_1] Quick Take Bitcoin fees recently began outpacing Ethereum fees for the first time in three years. This development appears to be driven by an increase in BRC-20 token inscriptions, which have led to a surge in transaction fees, creating a net positive outcome for miners. Further, Bitcoin blockchain NFT sales have exceeded those on…

[ad_1] The United States Trustee in the Celsius bankruptcy case has raised objections against claims made by several parties asserting their “substantial contributions” to the bankruptcy proceedings of Celsius Network and its affiliates. Celsius Network’s bankruptcy journey began in July 2022, when it filed for Chapter 11 protection, a move later followed by its affiliates.…

[ad_1] Crypto exchange Kraken would “vigorously defend” itself against the lawsuit brought by the U.S. Securities and Exchange Commission (SEC), according to a Nov. 20 statement. Similarly, CEO David Ripley and co-founder Jesse Powell strongly disputed the regulator’s claim, asserting that the exchange does not list securities. Kraken products unimpacted Kraken said the SEC lawsuit…

[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] The U.S. Securities and Exchange Commission (SEC) said on Nov. 20 that it has filed charges against the cryptocurrency exchange Kraken. The regulator accused Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency. It alleged that Kraken has brought in hundreds of millions of dollars of revenue since 2018 by illegally…

[ad_1] Quick Take As the curtain begins to fall in 2023, data reveals a striking trend in the Bitcoin network – the on-chain settlement value has surged remarkably. The total value of coins transferred on-chain, measured in US dollars, has witnessed a significant leap from $105 trillion at the start of the year to a…