Author: e_cash_top

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[ad_1] Indian-based crypto exchange WazirX has published its Proof-of-Reserves (PoR) report, which shows it holds about $285 million worth of crypto assets. In the wake of the FTX collapse, several crypto exchanges, including Binance, Kraken, and OKX have moved to increase their transparency by publishing their proof-of-reserve reports. In the same light, the WazirX exchange…

Bitcoin remains under pressure ahead of CPI data; Michael Burry makes stagflation call

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in Uncategorized

[ad_1] Analysts forecast a year-over-year increase of 6.5% in the U.S. Consumer Price Index (CPI) for December 2022 — with the Bureau of Labor Statistics’ official data releasing Jan. 12 — but 2023 could bring some upside as investor Michael Burry expects CPI to move lower this year but warned that any subsequent pivot on…

Silvergate received a $4.3B bailout after FTX collapse

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[ad_1] Silvergate Bank received $4.3 billion from the San Francisco-based Federal Home Loan Bank last year, following the collapse of crypto exchange FTX, according to the firm’s Q4, 2022 flings. Silvergate’s business model focuses on providing banking services to crypto exchanges and investors. Around 90% of the bank’s deposits come from crypto. At the end…

Avalanche gains 20% in hours after Amazon partnership announcement

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in Guides

[ad_1] Avalanche (AVAX) grew by 20% in a few hours after Ava Labs’ partnership with Amazon web Services went live. We’re joining forces with @Amazon to help enterprises and governments build compliant blockchain solutions. #AWS makes it easier to launch and manage #Avalanche nodes, giving the network more strength and flexibility for developers.https://t.co/vgabB5c6Ya — Ava…

Robinhood to market sell BSV after delisting Craig Wright’s Bitcoin variation

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[ad_1] Users of the popular stock and crypto trading app Robinhood are reacting to the announcement that the platform will delist Craig Wright’s Bitcoin SV (BSV) on Jan. 25. A Robinhood spokesperson further told CryptoSlate that any BCV held on the platform by customers after the deadline will be “sold at market value and credited…

Bitcoin worth $120M withdrawn from exchanges on Jan. 10

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[ad_1] Around $120 million worth of Bitcoin (BTC ) was withdrawn from crypto exchanges on Jan. 10, according to Glassnode’s data. Roughly $50 million of the withdrawals came from Binance, while $30 million was pulled from Coinbase. Source: Glassnode The above chart shows that there have been more BTC outflows than inflows on crypto exchanges…

Four US lawmakers ask court to appoint independent examiner for FTX

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[ad_1] Four US Senators urged the court to appoint an independent examiner to look into the activities of bankrupt crypto exchange FTX in a Jan. 9 bipartisan letter. The lawmakers argued that the firm presently tasked with the work, Sullivan & Cromwell, previously advised FTX on various legal matters, including “acquisition transactions and specific regulatory inquiries related…

GMX daily fees soar over 1100% to $2.11M

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[ad_1] GMX — the native token of the decentralized exchange (DEX) GMX — daily fees hit $2.11 million on Jan. 9 on the back of margin trading volume on Avalanche and Arbitrum. The huge surge in fee volume — second only to Ethereum for the day — occurred just five days after a GMX whale…

Minor negative sentiment in crypto markets as fund outflows drop to $9.7M

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in Uncategorized

[ad_1] Europe’s largest digital asset investment group Coinshares believes there is only “minor negative sentiment” within the crypto markets now following a grueling 2022 bear market. As Bitcoin threatens to touch $18,000 for the first time since mid-December, Coinshares analysis reveals that outflows from global crypto funds are starting to wane. According to a recent…

BlockFi creditors appeal court to redact their information

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