Author: e_cash_top

[ad_1] Binance CEO Changpeng Zhao commented on the state of the crypto industry and market during an interview with Bankless on May 29. Zhao dispels FUD First, Zhao discussed recent controversies around his company. Binance has recently attempted to refute reports from Forbes, the Financial Times, and Reuters concerning matters such as its alleged misuse…

[ad_1] Input Output CEO Charles Hoskinson said the emergence of AI deep fakes would force us to assume everything we see and hear is fraudulent. AI deep fakes to become indistinguishable from real life During a recent AMA, Hoskinson was asked about using blockchain technology to authenticate visual content. In response, he acknowledged that a…

[ad_1] Solana co-founder Roj Gokal said in a May 29 interview with TechCrunch that his company aims to grow 10 to 100 times, primarily through small business and infrastructure partnerships. Solana has a small business focus Gokal said in the interview: “[Solana wants partners] that can move, push releases and experiments and measure every week…

[ad_1] Bitcoin experienced a fleeting spike in the early morning hours on Monday, May 29, briefly surpassing the $28,000 resistance level after spending the better part of May relatively flat. The buying pressure dwindled over the preceding weekend, with Bitcoin stabilizing at $28,800. Graph showing Bitcoin’s price in May 2023 (Source: CryptoSlate BTC) Bitcoin’s weekend…

[ad_1] Quick Take For the first time, the Bitcoin network has dropped below 300 g/KWh emissions, according to Daniel Batten, a Bitcoin ESG analyst. Daniel Batten states this is an “all-time low”; it took just over three years for Bitcoin to half its emission intensity. No other industry is reducing its emission intensity at such…

[ad_1] In a significant turn of events, the controversial Digital Asset Mining Energy (DAME) excise tax was not included in the latest Fiscal Responsibility bill aimed at tackling the Debt Ceiling crisis. This proposed 30% tax on energy costs for cryptocurrency miners drew widespread criticism from stakeholders within the crypto-mining sector and U.S. lawmakers. Thus,…

[ad_1] NFT markets have displayed an intriguing set of metrics in 2023 as wash trading and token farming practices emerge amidst declining overall trading volumes. According to a recent DappRadar report, Bored Ape Yacht Club (BAYC) saw a staggering 1,095% growth in 7-day trading volume, reaching $21.9 million. With analysis from CryptoSlate data and Footprint…

[ad_1] Crypto exchange BKEX suspended withdrawals after funds on its platform were used for money laundering, according to a May 29 statement. BKEX stated that its users’ funds were involved in money laundering, adding that it was cooperating with law enforcement agencies to gather evidence. Due to this, the exchange suspended withdrawals for an undisclosed…

[ad_1] Russia is no longer moving forward with its plans to create a national crypto exchange. Instead, it will focus on formulating rules that will allow private companies to establish such exchanges. The head of the State Duma committee on the financial market, Anatoly Aksakov, disclosed this to local media Izvestiya on May 29. According…

[ad_1] Quick Take The realized price is the average cost basis for the entire Bitcoin market. The current realized price is at a year-to-date high of $20,180. Since March 2023, Bitcoin’s realized price has hovered around the 2020 and 2022 levels, of roughly $26,400. The highest realized price across all cohorts is currently from 2021…