Author: e_cash_top

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[ad_1] While Bitcoin is usually considered the backbone of the crypto industry, one should never underestimate the role stablecoins play in the market. Stablecoins are essentially the fiat currency of the crypto ecosystem and act as the main supplier of liquidity to the market. When looking at the crypto market as a closed system containing…

Gate.io launches $100M industry liquidity support fund to revive crypto industry

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[ad_1] Gate.io, the cryptocurrency trading platform, has launched a $100 million industry liquidity support fund to help revive the crypto industry. The fund is open to all market makers, high-frequency trading institutions, high-quality listing projects, and other institutional clients or HNW individuals, including but not limited to Gate.io or other platforms from the industry. Gate…

Ethereum merge might have resulted in 40% loss for Hive Blockchain revenue

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[ad_1] Bitcoin (BTC) mining analyst Jaran Mellerud estimated that the Ethereum (ETH) merge might have led to a 40% drop in Hive Blockchain’s revenue. Hive just lost its ether mining cash cow. I estimate its revenues to have fallen by 40% due to “the merge”. pic.twitter.com/1vq0U6EUze — Jaran Mellerud (@JMellerud) December 5, 2022 Mellerud highlighted…

FatManTerra alleges Terraform Labs dumped $450M UST over 3 weeks before its collapse

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[ad_1] FatManTerra alleged on Dec. 6 that the root cause of Terra’s UST implosion was Terraform Labs’ (TFL) dumping of over $450 million UST on the open market over three weeks before the ecosystem collapsed. 🧵 New blockchain data reveals the root cause of the May UST depeg. In the 3 weeks leading up to…

Indonesia Payments digitalisation among 2023 economic growth plans

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[ad_1] A new report by the Bank of Indonesia highlights the country’s 2023 economic growth plan which will include the digitalization of payment systems and the creation of a Digital Rupee. This will comprise increasing the availability and use of digital payments, such as e-wallets and online banking. The government has been actively promoting the…

SushiSwap’s Jared Grey proposes to allocate 100% of xSUSHI revenue to Treasury

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[ad_1] SushiSwap Head Chef Jared Grey has initiated a proposal to increase the Treasury’s xSUSHI revenue from 10% to 100%. SushiSwap is a decentralized exchange platform that generates revenue from trading fees. Users who stake their SUSHI token, receive xSUSHI, which gives them revenue-sharing rights from the trading fees. xSUHSI holders receive about 0.05% of…

Silvergate addresses FTX’s exposure, reassure stakeholders

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[ad_1] Silvergate CEO Alan Lane wrote a Dec. 5 public letter to reassure stakeholders that the firm employs the best due diligence process and has a robust risk management control. Silvergate addresses FTX, Alameda exposure Lane wrote that the financial institution conducted “significant due diligence on FTX and its related entities, including Alameda Research, both…

ETH supply shifts back to inflationary

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[ad_1] Ethereum (ETH) has become inflationary once again following the reversal of deflationary gains seen in November after the FTX fallout. ETH supply graph Despite only recently becoming the most deflationary it had ever been, ETH supply reverted back to inflationary on Dec. 2, witnessing a 0.00029% increase —349 ETH — in supply. ETH supply…

Red day for top 10 sees Dogecoin leading losses

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[ad_1] The cryptocurrency market cap saw net outflows of $17.52 billion and currently stands at $851.46 billion — down 2% from $868.98 billion over the last 24 hours. Since the weekend, Bitcoin’s market cap fell 2.5% to $326.62 billion from $332.08 billion. Meanwhile, Ethereum’s market cap fell 3% to $153.81 billion from $158.54 billion. Over…

CZ publicly addresses ‘wrong narratives’ surrounding FTX, Alameda

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