Author: e_cash_top

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[ad_1] The biggest news in the cryptoverse for Dec. 7 includes U.S. banking committee arguing SBF ‘must answer ‘ for FTX, Do Kwon questions SBF involvement in Terra collapse, Celsius gives hopes of withdrawals, EthereumMAX lawsuit thrown out, and more. CryptoSlate Top Stories The US senate banking committee in a Dec. 7 letter to Sam Bankman-Fried said…

Huobi predicts crypto market bottom in early 2023

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[ad_1] Leading crypto exchange Huobi Global in its 2022-2023 annual report, has predicted that the current bear cycle may soon be over, as it expects the crypto market to reach its bottom in early 2023. On Jan. 1, 2022, the global crypto market had a total market capitalization of approximately $2.2 trillion. However, the heat…

Signature Bank shrinks crypto-tied deposits by $8-10B

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[ad_1] Crypto-friendly Signature Bank (SBNY) announced that it would shrink its deposits tied to crypto assets by $8 – $10 billion. SBNY’s decision indicates that the bank might be distancing itself from the crypto industry. SBNY’s CEO Joe DePaolo commented on the decision and said: “We are not just a crypto bank and we want…

Waves down 12% as Upbit issues investment warning

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[ad_1] South Korea-based exchange Upbit has cautioned its users against investing in WAVES due to its high volatility resulting from the USDN depegging. USDN is an algorithmic stablecoin backed 1:1 by WAVES. However, since USDN lost its peg below $0.8 on April 5th, it has failed to regain its peg, which has increased the price…

Judge throws out lawsuit against Kim Kardashian, Floyd Mayweather Jr. for EthereumMax promotion

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[ad_1] Californian District Judge Michael Fitzgerald threw out a lawsuit filed against Kim Kardashian and Floyd Mayweather Jr., stating that it was unclear whether the plaintiffs had seen EthereumMax promotional material from the celebrities. In early October, Kardashian had agreed to a $1.26 million settlement with the U.S. Securities and Exchange Commission (SEC) over allegations…

Bitcoin, Ethereum derivatives are unwinding

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[ad_1] Looking at Bitcoin and Ethereum derivatives shows that they have been affected by the FTX fallout, with data analyzed by CryptoSlate showing that over 160,000 BTC has been unwound since the beginning of October. This data indicates that roughly $3 billion worth of futures contracts have been closed out in two months. Cryptocurrency derivatives are…

Do Kwon asks if Genesis had provided $1B for SBF to attack UST

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[ad_1] Terra founder Do Kwon questioned if Genesis Trading provided $1 billion UST to Sam Bankman-Fried and Alameda as “ammo for a peg attack.” I think the time has come for @GenesisTrading to reveal if they provided the $1B UST shortly before the crash to SBF or Alameda – the purchase from LFG was represented…

Flat trading day sees XRP leading top 10

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[ad_1] The cryptocurrency market cap saw net inflows of $2.8 billion and currently stands at $842.27 billion — up 0.3% from $839.47 billion over the last 24 hours. Over the reporting period, Bitcoin’s market cap grew 0.3% to $324.04 billion from $323.06 billion. Meanwhile, Ethereum’s market cap increased by 1.1% to $151.90 billion from $150.21…

El Salvador buys back sovereign bonds to reduce debt

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[ad_1] The Republic of El Salvador has announced that it has completed the second repurchase of its sovereign bonds maturing in 2023 and 2025. According to a press release shared by President Nayib Bukele, the country purchased $74 million worth of government bonds on Dec. 8. In September, the government bought back around $565 million…

Connecting fans to the artists with NFTs – Public Pressure – SlateCast #41

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