Author: e_cash_top

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[ad_1] Highlights Jason’s recent move to Taipei, Taiwan for his venture capital firm, Sora Ventures The advantages of Taiwan as a location for blockchain and cryptocurrency companies The potential for experimentation and innovation in the blockchain industry in Taiwan The comparison of Taiwan to Singapore and Hong Kong in terms of their regulatory frameworks and…

FTX CEO John Ray testimony before Congress, SBF denied bail

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[ad_1] On Dec. 13 at 10 am ET, John J. Ray III, CEO of the FTX Group, sat as a witness on a hearing entitled “Investigating the collapse of FTX, Part I.” Sam Bankman-Fried was scheduled to attend the hearing but was unable to do so following his arrest. Late on Dec. 13 news broke…

SBF faces 8 criminal charges; Binance reportedly has billions in undisclosed reserves

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[ad_1] The biggest news in the cryptoverse for Dec. 13 includes the arrest of former FTX CEO Sam Bankman-Fried, the testimony of FTX’s new CEO John Ray on what led to the exchange’s failure and Binance reportedly having billions stored away in secret reserves. CryptoSlate Top Stories The indictment filed by the US Attorney for…

15% of US citizens made crypto transactions as of mid-2022

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in Guides

[ad_1] JP Morgan’s recent report revealed that almost 15% of individuals in the U.S. have issued transfers into crypto accounts, according to numbers from mid-2022. The detailed demographic data also indicates that Men, Asians, and higher-income youth have the highest crypto adoption in the country. JP Morgan looked into its 5 million active checking account…

Institutional appetite for Bitcoin has evaporated as OTC trades approach YTD low

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in Uncategorized

[ad_1] Institutional appetite for Bitcoin (BTC) has slowly evaporated due to the current bear market situation and is reflected in the significant drop in over-the-counter (OTC) trades, according to an analysis of Glassnode data by CryptoSlate. A bull run in 2021 saw several institutional players pile into the flagship digital asset, but that interest faded…

Binance Ethereum-based token withdrawals top $2B in 24 hours

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[ad_1] Binance recorded over $2 billion in outflows in Ethereum-based tokens since Dec. 12 –its highest daily withdrawal since June– according to Nansen data. Source: Nansen When Binance users’ withdrew assets this aggressively in June, the crypto market was reeling from Terra Luna’s collapse. A separate tweet from the blockchain intelligence platform reported that the…

Tether to reduce secured loans to zero by 2023

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[ad_1] Tether (USDT) said it would remove its secured loans in its reserves by 2023, according to a Dec. 13 blog post. A Dec. 1 Wall Street Journal report said Tether’s secured loan was 9% (roughly $6.1 billion) of its total assets as of Sept. 30. The report added that the stablecoin issuer might not…

The case for institutional-grade tools for DeFi

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in Guides

[ad_1] The past decade has seen a dramatic increase in the accessibility of financial services. From online banking to mobile investing apps, more people than ever before have been able to join in. However, we are still far from making it an even playing field, with large institutions such as hedge funds dominating the game…

BTC on exchanges falls to new lows since 2018

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in Uncategorized

[ad_1] Less than 12% of the current Bitcoin (BTC) supply is held on exchanges, marking a new low since January 2018, according to Glassnode data analyzed by CryptoSlate. The chart below demonstrates the BTC balance held on exchanges with the orange line and starts in Jan. 2018, when the balance was just above 10.8%. BTC…

Canada bars exchanges from margin, leverage trading; says stablecoins might be securities

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