Author: e_cash_top
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Court approves issuance of subpoenas to 3AC co-founders
[ad_1] Liquidators of Three Arrows Capital (3AC) have received approval to issue a subpoena to co-founders Su Zhu and Kyle Davis. A subpoena is an order issued by the court to have the recipient testify and provide documents needed in a legal proceeding. Since Three Arrows Capital filed for bankruptcy on July 1, Su Zhu…
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CZ addresses FTX narratives, Tether launches CNHâź, Terraform Labs caught dumping tokens
[ad_1] The biggest news in the cryptoverse for Dec. 6 includes Michael Saylor criticizing SBF, Ethereum inflation coming back, Silvergate exposure to FTX, and MetaMask addresses IP address concerns. âFatmanterra Alleges Terraform Labs Dumped 450m UST Over 3 Weeks Before Its Collapseâ Cryptocurrency analyst Fatmanterra has accused Terraform Labs of dumping 450 million UST tokens…
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Elizabeth Warren led cryptocurrency bill in works, may give SEC most regulatory authority
[ad_1] Senator Elizabeth Warren is working on a sweeping cryptocurrency bill that would give most cryptocurrency regulatory authority to the Securities and Exchange Commission, according to sources close to her. âAs Senator Warren has already said publicly, sheâs working on crypto legislation and believes that financial regulators, including the SEC, have broad existing authority to…
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Paxful co-founder Ray Youssef warns of Ponzi altcoins at Africa Bitcoin Conference
[ad_1] The co-founder of peer-to-peer trading platform Paxful, Ray Youssef, reiterated his BTC-only stance during a segment at Africa Bitcoin Conference. In the wake of numerous scandals that have rocked the crypto industry this year, investor sentiment toward digital assets is at a low point. However, Youssef took the stage to point out none of…
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Crypto doesnât need the FTXâs of the world
[ad_1] Did Sam Bankman-Fried knowingly commingle funds? We shouldnât need to care. If crypto is to reach its full potential, the industry cannot rely on entities like FTX and other centralized exchanges. There should be no need for centralized institutions once a better implementation of blockchain technology has been unleashed into the wild. Users should…
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Onchain metric suggests similarities between now and Terra Collapse
[ad_1] In June 2022, following the Terra collapse, the demand for puts rose while implied volatility collapsed, the same as in the recent crypto bear market after the fall of FTX. The performance of the options market and implied volatility both reflected a strong correlation to the collapse of the Terra blockchain. These elements can…
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Two metrics show Bitcoin in uptrend, historically a good time for risk-on assets
[ad_1] Long-term Bitcoin (BTC) holder behavior is considered one of the most determinate factors to assess BTC performance, the marketâs top, and the marketâs bottom. Long-term holders are defined as addresses that havenât moved any of their BTC holdings in the last six to 12 months. The Short-to-Long-term Realized Value (SLRV) Ratio shows the percentage…
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Bitcoin adoption on the rise in Africa: A discussion on the Lightning Network and mining technology – BitTalk #1
[ad_1] The first episode of the âBit Talkâ podcast discusses recent developments in the world of Bitcoin. Hosted by Akiba and James from CryptoSlate as well as Bitcoin pioneer Nick from Mercury Wallet, the podcast is a bite-sized, easy-to-consume bi-weekly overview of the Bitcoin network. This episode starts with the adoption of Bitcoin in Africa,…
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NFT industry in Africa and Middle-East poised for rapid growth
[ad_1] The African and Middle Eastern NFT industries are expected to grow by 48.3% annually to reach $3.42 billion in 2022, according to a report from ResearchAndMarkets. According to the report, the NFT industry is expected to grow steadily over the forecast period, with a Compound Annual Growth Rate (CAGR) of 34.3% during 2022-2028. Furthermore,…
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MetaMask privacy concerns, ConsenSys responds to the backlash
[ad_1] On Dec. 5, CryptoSlate ran an article on privacy concerns related to the use of MetaMask wallet, specifically how a recent public disclosure revealed the logging of user IP addresses. In response to the backlash, MetaMaskâs parent company ConsenSys released a statement addressing the concerns raised. Crypto community uneasy over data collection policy An…