Author: e_cash_top

[ad_1] In the last 30 days, $6.2 billion worth of BinanceUSD (BUSD) was withdrawn from exchanges, according to Glassnode data as analyzed by CryptoSlate. The chart below represents the exchange net position change of BUSD on exchanges. The green spikes indicate a BUSD inflow, while the red ones represent an outflow. According to the chart,…

Justin Sun denies that Huobi is planning layoffs

Jan 3, 2023

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[ad_1] Justin Sun has stated that the crypto exchange Huobi is not carrying out mass layoffs, according to a report from the South China Morning Post on Jan. 2. The South China Morning Post cited earlier reports from the Chinese business news outlet Jiemian, which obtained an internal statement from Sun. That report, presumably written…

DCG on tight deadline, new Binance acquisition, Silvergate lawsuit, Solana pumps

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[ad_1] The biggest news in the cryptoverse for Dec. 22 is dominated by lawsuits, bankruptcies, and acquisitions as the top people in the industry duke it out on a big day for the bear market in this CryptoSlate Wrapped Daily. CryptoSlate Top Stories Digital Currency Group gets Jan. 8 deadline to resolve Gemini earn issues…

Digital Currency Group gets Jan. 8 deadline to resolve Gemini earn issues

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[ad_1] Gemini co-founder Cameron Winklevoss accused Digital Currency Group (DCG) CEO Barry Silbert of bad faith tactics over the $900 million debt owed by Genesis trading to Earn users. In a Jan. 2 open letter, Winklevoss said Silbert employed stalling tactics and refused to meet stakeholders to resolve issues surrounding the situation. The exchange co-founder…

Bitcoin miner revenue down 37.5% in 2022 YoY

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[ad_1] Bitcoin mining revenue was down to $9.55 billion in 2022 from $15.3 billion in 2021 – a 37.5% decline. Since the peak of a massive rally in 2021, cryptocurrencies have lost more than $2 trillion in market cap to reach below $900 billion. There has been more than a 70% drop in Bitcoin, the…

Logan Paul to respond CryptoZoo scam allegations made by Coffeezilla

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[ad_1] YouTuber turned crypto developer Logan Paul said he intends to respond to Coffeezilla on Jan. 2 over allegations the CryptoZoo project is a scam. Paul included a screengrab of a message sent to Coffeezilla, aka Stephen Findeisen, inviting him onto the Impaulsive YouTube channel to discuss the matter. However, according to Paul, Findeisen did…

Short-term Bitcoin holders fell to its lowest level at 15% of the supply

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[ad_1] The Supply Last Active metric looks at the amount of inactive Bitcoin over a given time period. Analysts infer that the more inactivity exists, the more BTC is being hodled, thus reducing sell pressure and acting as a tailwind for bullish price action. CryptoSlate’s analysis of Glassnode data showed the percentage of supply held for…

Solana starts 2023 with a bang with 14% spike

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[ad_1] Solana began the New Year on a high, gaining 14% over the last 24 hours. Analysis of the 15-minute SOL chart showed a distinct lack of price action until 07:00 (GMT) on the first working day of 2023. A massive 20% spike occurred at this point, leading to a peak price of $12. However,…

Web3 startups raised $7.1B in funding during 2022 – Gaming accounted for 62%

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