Author: e_cash_top

—

by

[ad_1] BlockFi became the latest platform to succumb to crypto contagion, filing for Chapter 11 bankruptcy on Nov. 28. Weeks before, after FTX had also filed for bankruptcy, BlockFi issued a statement saying it could not “operate business as usual.” At the same time, the firm implemented a pause on withdrawals to “protect our clients and…

Huobi announces launch of world’s first national token, DMC

—

by

in Guides

[ad_1] Huobi has said that it will be launching the world’s first national token called Dominica Coin (DMC) — endorsed by the Commonwealth of Dominica. Huobi said it will launch the world's first national token DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica. Huobi will provide Dominica DID status…

Ripple general counsel calls BlockFi bankruptcy another success for SEC’s ‘regulation by enforcement’ approach

—

by

[ad_1] Ripple general counsel Stuart Alderoty described BlockFi’s bankruptcy as another success for the U.S. SEC and its regulation-by-enforcement approach. Another SEC “regulation by enforcement” success story. Months after $100M BlockFi/SEC deal BlockFi in b/cy. $275M loan outstanding to FTX from BlockFi. Unknown amounts owed to BlockFi from FTX. Nothing ever registered. Fines paid? With…

Andre Cronje reveals how DeFi saved Fantom; FTM surges 17%

—

by

in Uncategorized

[ad_1] Fantom (FTM) has grown by over 17% following Andre Cronje’s revelation that its Foundation has $340 million worth of assets and annual earnings of over $10 million. Cronje said Fantom was cash positive, and it was still scaling up. Cronje says DeFi saved Fantom Cronje said the Foundation might have stopped operating if DeFi…

More Bitcoin leaves Coinbase; Kraken CEO deems Binance’s proof of reserves ‘pointless’

—

by

[ad_1] The biggest news in the cryptoverse for Nov. 28 includes Kraken CEO saying Binance Proof-of-Reserve is pointless without proof of liabilities, Coinbase losing Bitcoin worth $2 billion over the weekend, and BlockFi filing for Chapter 11 bankruptcy. CryptoSlate Top Stories Another $2B worth of Bitcoin withdrawn from Coinbase over weekend According to Glassnode, crypto…

Taking a deep dive on how the Bitcoin fundamentals look on-chain as the dust settles from the FTX fallout

—

by

[ad_1] Price drawdown from ATH compared to previous bear markets Bitcoin is currently down 75% from its all-time high (ATH), with a max drawdown of 76.9% from the fallout of FTX on Nov. 9th. However, this is not unusual in Bitcoin’s history. During the 2014-15 bear market, Bitcoin retracted over 85% from its ATH, and…

Bitcoin records biggest negative hash rate adjustment in a year

—

by

in Uncategorized

[ad_1] The Hash Ribbon, an indicator for determining miner capitulation based on when the market reaches a bottom, ended on Aug. 18 after 2 months of dwindling miner participation. The end of the period marked the third-longest capitulation in history, according to data analyzed by CryptoSlate. However, the crypto industry’s recent meltdown seems to have…

36% of Australians want more crypto regulations: IRCI report

—

by

in Guides

[ad_1] In its 4th issue, the Independent Reserve Cryptocurrency Index (IRCI) 2022 studied over 2,000 Australians to gauge their attitude towards digital assets. The study found out 92% of Australians knew about cryptocurrencies, with 25.6% of them having owned a digital coin While the sample comprised only 2,000 people, the annual survey reflects the average…

VP of AAX speaks out against handling of company bankruptcy decision

Nov 28, 2022

—

by

[ad_1] Vice President of the Hong Kong exchange AAX, Ben Caselin, has announced that he has resigned. Hong Kong exchange AAX VP BEN said that he had resigned. A screenshot shows that AAX HR stated that the company has decided to dissolve (bankruptcy and liquidation), employees can only guarantee salaries in November, and users’ assets…

Kiln acquires €17M via funding round; aims to expand staking services

Nov 28, 2022

—

by