Author: e_cash_top

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[ad_1] Recently released court findings have revealed that FTX.com had $1.6 billion in crypto assets at the time of the bankruptcy petition. However, the total value of all assets recovered by FTX Debtors came to $5.5 billion, including cash, crypto, and illiquid securities. Source: FTX docket As $5.5 billion in total assets were recovered with…

GBTC shares jump 10% in twelve days, narrowing discount to 40%

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[ad_1] Quick Take The discount for GBTC is currently a whopping 40%, following a fall as low as 50%, which was the most significant discount on record. GBTC trades at a premium when shares are changing hands at a higher price than the underlying BTC. Conversely, if GBTC shares are trading below the net asset…

Alameda had $65B artificial credit line, 43,000% more than FTX market makers

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[ad_1] A recent court filing in the FTX bankruptcy case has revealed a “$65 billion backdoor” between Alameda and FTX. The filing includes a deck detailing the current findings relative to FTX group funds. The deck includes an illustration of the FTX liquidation process alongside a code sample that allegedly represents the Alameda backdoor. While…

Deployed ETH smart contracts surge 453% in Q4 2022

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in Guides

[ad_1] The number of deployed smart contracts on the Ethereum (ETH) mainnet surged by 453% in the fourth quarter of 2022, while the year-over-year growth was calculated as 293%, according to a recent report from Alchemy. The report used libraries (developer tools that are easily read and applied), smart contracts, and dApps as core indicators…

A review of bitcoin mining company holdings in 2022

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in Uncategorized

[ad_1] Glassnode data analyzed by CryptoSlate shows that Marathon, Hut8, and Riot built the top three largest Bitcoin (BTC) pools, while Bit Digital recorded a 134% growth in reserves in nine months. BTC miners in 2022 BTC miners entered the year 2022 with resources acquired through cheap debt in 2021. The majority of them invested…

Solana soars 43% against Bitcoin so far in 2023

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[ad_1] The L1 Native Token Returns vs. BTC highlights the relative price performance of large L1 native tokens versus bitcoin since Jan. 4. Quick Take Solana: +42.4% against BTC BNB: -3.0% against BTC DOT: +4.8% against BTC ETH: +2.2% against BTC Matic: +2.8% against BTC Native Token Returns vs. BTC: (Source: Glassnode) Definition: Market Capitalization…

Polygon completes hard fork upgrade to minimize gas fee spikes, chain reorgs

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in Guides

[ad_1] Polygon announced the completion of its proof-of-stake hard fork upgrade in an attempt to reduce gas spikes and chain reorganizations(reorgs) on January 17. Source: Polygon Twitter The two proposals included in the hard fork were submitted last December. About 87% of Polygon validator teams voted for approval. The hard fork proposal aims to reduce…

Hashkey Capital commits $500M to advance crypto, blockchain initiatives

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[ad_1] HashKey Capital announced its third fund, HashKey FinTech Investment Fund III, with a total commitment of $500 million, according to a Jan. 17 press release. According to the announcement, Fund III will deploy capital to advance crypto and blockchain initiatives globally, focusing on emerging markets. As reported, a number of institutions, including sovereign wealth…

1 redeemable for US dollars

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[ad_1] In a recent report on the state of the USDC economy, Circle devoted a section on the stablecoin “always” being 1:1 redeemable for U.S. dollars. Overall, 2022 was a challenging year for USDC, with allegations of insolvency and accusations of censorship being fired at the stablecoin. However, in recapping its approach to the ecosystem…

Bitcoin mining emissions down 10% as Kazakhstan’s hash rate share decreases

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