Author: e_cash_top
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Bankrupt BlockFi proposes client asset conversion into stablecoins for trade-only wallets
[ad_1] Cryptocurrency lender BlockFi has filed a proposed court order seeking approval to convert certain client assets into withdrawable funds as part of its ongoing bankruptcy proceedings. The company applied to bankruptcy court on Aug. 30, requesting authorization to exchange limited cryptocurrency holdings known as “trade only” assets into stablecoins. According to the filing, the…
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Grayscale Bitcoin Trust victory sparks surge in market activity and narrows GBTC discount
[ad_1] Quick Take The cryptocurrency market has seen significant activity after Grayscale Bitcoin Trust’s (GBTC) victory over the SEC. Over the past 24 hours, liquidations in the crypto market amounted to $171 million, while shorts represented an even more significant segment at $119 million. This flurry of trading activity, likely influenced by GBTC’s legal triumph,…
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EOS rallies 9% following landmark regulatory approval in Japan
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SBF lawyers claim Sixth Amendment rights have been violated, request release
[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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Surges in market volatility pinned to autumn months
[ad_1] Quick Take An analysis of the CBOE Volatility Index (VIX), a critical market indicator often used to measure the market’s expectation of future volatility, reveals intriguing patterns. The evaluation of average daily change in the VIX from 1990 to 2023 indicates a propensity for the index to dip markedly on Fridays, with Tuesdays trailing.…
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Navigating Bitcoin’s sideways trend with realized loss momentum
[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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Google leans into AI by expanding Duet, integrating Meta’s Llama, and more
[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’s short-term HODL waves rise, signaling potential rejuvenation in market dynamics
[ad_1] Quick Take Recent data analysis has indicated a noteworthy trend within the Bitcoin market. Investors who have held Bitcoin for less than 155 days, identified as short-term HODL waves, are beginning to increase. This trend typically emerges post-cycle bottoms, a stage often identified by an upswing in ‘smart’ investors returning to the market. This…
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Prosecutors rebuff complaints from Bankman-Fried’s lawyers regarding excessive evidence
[ad_1] U.S. prosecutors responded to complaints from accused former FTX CEO Sam Bankman-Fried and his legal team in a filing on Aug. 29. Bankman-Fried and his team previously objected to the government’s decision to provide large amounts of discovery materials in the weeks leading up to trial. In a recent filing dated Aug. 28, Bankman-Fried’s…
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X secures Rhode Island currency transmitter license, paving way to crypto services
[ad_1] X, formerly known as Twitter, has edged closer to its goal of integrating cryptocurrencies into its services by securing a currency transmitter license in Rhode Island. This development signifies a critical step towards X’s envisioned transformation into a comprehensive “everything app,” akin to China’s WeChat. Under the stewardship of owner Elon Musk, the platform…