Author: e_cash_top

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[ad_1] On the Waves Tech weekly community AMA on Dec. 23, Waves CEO Sashi Ivanov revealed the USDN revival plan, involving turning USDN into a multi-collateralized asset, a soft-pegged asset — WINDX. This move will transform USDN into a “soft-peg” stablecoin, meaning that it will fluctuate around the value of $1, potentially a little higher…

Is Coinbase stock undervalued? Analysts divided

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in Uncategorized

[ad_1] With the crypto industry struggling through a record bear market situation, one asset that has polarized analysts is Coinbase stock which has fallen to new lows. Bitwise Invest Chief investment officer Matt Hougan thinks Coinbase stock is undervalued despite falling significantly in 2022. According to Hougan, Coinbase raised money at a valuation of $8…

Bitcoin balances on exchanges are shrinking and Binance is no exception

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in Uncategorized

[ad_1] The collapse of FTX left a gaping hole in the crypto market. The failed exchange accounted for a significant chunk of the global trading volume and kept Binance from becoming the de facto ruler of the market. With FTX now gone, Binance took the throne and became the largest and potentially the most important…

General counsel Berkovitz who ‘wined & dined’ SBF to leave SEC in Jan

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[ad_1] The US SEC general counsel Dan Berkovitz will leave his role by Jan. 31, according to a Dec. 22 statement. Washington Examiner reported that Berkovitz “wined and dined” in 2021 with the disgraced FTX founder Sam Bankman-Fried at a luxury Indian restaurant in Washington. Then, the regulatory chief was a Commodity Futures Trading Commission…

Craig Wright vs Hodlonaut trial goes scheduled for round 2

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[ad_1] Crypto influencer Hodlonaut announced that the Norwegian court had accepted Craig Steven Wright’s (CSW) appeal calling for a new trial. The new trial will be a complete rehearing, not just a re-visit of the final decision. Unfortunately, Hodlonaut didn’t disclose a date for this trial. CSW vs. crypto influencers CSW started to claim that he…

Bitcoin, gold rise 3% following FTX’s crash while Ethereum, USD, others crash

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[ad_1] Bitcoin’s (BTC) value has risen by roughly 3% since FTX filed for bankruptcy on Nov. 11, according to CryptoSlate data. Bitcoin, gold up 3% Bitcoin traded at a low of $15,742 on Nov. 10, when FTX was dealing with a bank run that eventually led to its collapse. During this period, retail traders withdrew…

Adoption grows as more than $7T settled with stablecoins in 2022

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[ad_1] The ongoing bear market did little to curb the rising use of stablecoins. On the contrary, dollar-pegged coins like USDT and USDC saw a parabolic growth in market cap this year, becoming a defacto settlement currency of the crypto industry. Following the collapse of Terra and its algorithmic stablecoin UST, the two stablecoin giants…

Long BTC liquidations dominated majority of 2022

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in Uncategorized

[ad_1] Long Bitcoin (BTC) positions were much more dominant in 2022 than short ones, according to CryptoSlate’s analysis of glassnode data. Since Jan. 25, there were 270,000 long and 159,000 short BTC liquidations this year. The yearly sum of BTC liquidations The chart above demonstrates the sum of all BTC liquidations across all exchanges. The…

OKX publishes second Proof-of-Reserves update, commits to report monthly

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[ad_1] Leading crypto exchange OKX has published the second update of its proof-of-reserves (PoR), with a promise to update on a monthly basis. Following the collapse of FTX, crypto exchanges including OKX and Binance have moved to improve their transparency by publishing PoR reports. OKX published the first version of its first proof of reserves…

FTX attempts to maintain ownership of Robinhood shares in court

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