Author: e_cash_top

[ad_1] A new report by the Network Contagion Research Institute (NCRI) suggests that social media activity, especially from inauthentic accounts, may have significantly amplified the value of certain cryptocurrencies listed on the now-defunct FTX exchange. According to the report, Twitter activity surrounding FTX-listed tokens like Gala (GALA) and ImmutableX (IMX) often featured many bot-like and…

[ad_1] In a recent letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, US Senators led by Elizabeth Warren have demanded prompt action on implementing new tax reporting requirements for digital asset brokers. The letter references the Infrastructure Investment and Jobs Act (IIJA), a bipartisan measure enacted nearly two years ago that…

[ad_1] Bankrupt crypto lender BlockFi announced that it had received conditional approval for its disclosure statement from the United States Bankruptcy Court of New Jersey, according to an Aug. 2 press statement jointly issued with its Official Committee of Unsecured Creditors. As per the press statement, the lender’s creditors must vote on the Chapter 11…

[ad_1] HashKey Exchange has been licensed to offer crypto trading services to retail users in Hong Kong, making it the first exchange to offer such services in the region. According to an Aug. 3 press statement, the exchange upgraded its type 1 and 7 licenses to offer crypto trading services to retail investors. Part of…

[ad_1] The Ethereum network is experiencing a significant reduction in gas consumption by NFT marketplaces, dropping to levels recorded in June 2021. Transaction activities on NFT marketplaces OpenSea, Blur, LooksRare, Rarible, and SuperRare currently account for roughly 1.85% of the total gas usage on the Ethereum network. This represents a marked decline from the previous…

[ad_1] The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against the online trading platform eToro for allegedly violating financial regulations related to cryptocurrency derivative products, leading to two-thirds of CFD traders reportedly losing funds. ASIC vs. eToro According to the concise statement filed by ASIC, eToro is accused of contravening the design…

[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] 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] According to an Aug. 2 statement, KuCoin plans to suspend its Bitcoin (BTC) and Litecoin (LTC) mining pools, effective from Aug. 15, until further notice. The exchange attributed its decision to its “evolving business strategy” and advised its mining pool users to transition their miners to alternatives before the deadline. KuCoin mining pool users…

[ad_1] Space and Time, a firm that describes itself as an AI-powered data warehouse, announced the launch of its Proof-of-SQL product on Aug. 2. Proof-of-SQL is capable of proving that the data returned in applicable queries is accurate and has not been tampered with. This verification is accomplished through zero-knowledge (ZK) proofs, which generate a…