Author: e_cash_top
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Cardano’s Hoskinson ready to support Kraken’s venture into layer-2 scaling solutions
[ad_1] Charles Hoskinson, Cardano (ADA) founder, said he is “game” to help Kraken crypto exchange build its layer-2 network, according to a Nov. 12 post on social media platform X. Layer-2 networks are scaling solutions that provide scalability and speed to a layer-1 blockchain. These projects have become popular recently due to their cheap transaction…
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Former FTX general counsel to launch new crypto exchange
[ad_1] Former FTX general counsel Can Sun, who played a pivotal role as a key witness in the trial against Sam Bankman-Fried (SBF), is joining forces with other ex-FTX executives to establish a new cryptocurrency exchange, the Wall Street Journal reported. The Dubai-based start-up, known as Trek Labs, recently obtained a license from the Emirate’s…
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Why Bitcoin holds the upper hand against CBDCs
[ad_1] When FTX crashed in November 2022, it triggered a multi-billion dollar exodus spree, bringing Bitcoin down 22% in a single day. By the end of the month, the European Central Bank (ECB) fired an unusual shot across the crypto bow. As Bitcoin’s price stabilized, the central bank suggested this is Bitcoin’s “last gasp before…
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Ripple CEO criticizes SEC for stifling crypto innovation with aggressive enforcement
[ad_1] Ripple CEO Brad Garlinghouse said the U.S. SEC’s actions toward the crypto industry have failed in protecting investors and needs to reassess its regulatory strategy. Speaking to CNBC’s Dan Murphy at the Ripple Swell conference in Dubai, Garlinghouse expressed concern about the SEC’s focus and questioned: “Who are they protecting in this journey?” The…
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Solana surges 18% to hit new yearly high above $63
[ad_1] Solana (SOL) surged another 18% to hit a new yearly all-time high of $63.98 on Nov. 11 to cap off an impressive 40% rally this week. The token has since retraced some of the gains and is trading at $59.34 as of press time, according to CryptoSlate data. The past seven days mark the…
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FTX lawsuit alleges Bybit used “VIP” privileges to withdraw $953M before collapse
[ad_1] FTX and Alameda bankruptcy advisers made allegations of fraud against crypto exchange Bybit, its two corporate affiliates, and four senior executives, in a lawsuit filed on Nov. 10. The lawsuit alleged that the defendants used a “fraudulent scheme” to withdraw cash and assets from the FTX platform, right before it collapsed. FTX is looking…
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Solana surges 18% to hit new yearly all-time high above $63
[ad_1] Solana (SOL) surged another 18% to hit a new yearly all-time high of $63.98 on Nov. 11 to cap off an impressive 40% rally this week. The token has since retraced some of the gains and is trading at $59.34 as of press time, according to CryptoSlate data. The past seven days mark the…
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Developer Empowerment for a Sustainable Future
[ad_1] The following is a guest post from Sunny Lu, the CEO of Vechain. Web3 builders are the beating heart of the blockchain industry. Without them, this technology wouldn’t be the disruptive technical engine that it is in 2023. However, while there are more monthly active developers today than there were before 2021, we saw…
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What does BITO say about the fate of a spot Bitcoin ETF?
[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…
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Bitcoin futures volume surges 157% as BTC crosses $37k
[ad_1] Bitcoin’s price jumped from $35,708 to $37,279 between Nov. 8 and Nov. 9, triggering a massive response from the futures market. The total volume of Bitcoin futures traded across all exchanges leaped from $27.69 billion to $71.29 billion, showing a notable increase in speculative activity in Bitcoin. Graph showing the total volume of Bitcoin…