Author: e_cash_top
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FTX killed crypto, long live Bitcoin
[ad_1] The FTX collapse has revived the narrative that “Bitcoin maximalists were right all along.” Given the size of the troubled exchange and the number of entities caught up in its web, the FTX scandal has dominated headlines of late. Worse still, each passing day seemingly brings further twists that point to serious failings within…
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Miner balances sent all the way back to January 2022
[ad_1] Miner balances across wallets started the year at 1.82 million BTC and are now back to the same levels, according to on-chain data tracked by Glassnode. The amount of Bitcoin accumulated by Miners in 2022 has been surpassed by the volume sold, wiping out any increase in miner balances. The balance of the combined…
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The Metaverse has to be open and collaborative according to Virtua co-founder – CryptoSateIRL #23
[ad_1] Virtua is a multi-chain metaverse project that utilizes Polygon, Elrond, Wax, and Cardano within its ecosystem. Additionally, partnerships with top IPs, including Top Gun, King Kong, The Godfather, Kevin Hart, Shelby, and William Racing, enable players to live out exciting and varied experiences within the Virtua metaverse. Virtua was co-founded by Gary Bracey, a…
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Huobi Token continues run of strong form, up 64% since bottoming
[ad_1] The Huobi Token (HT) recorded 64% gains, rising from a local bottom of $3.70 on Nov. 13 to a price of $6.06 at the time of press. Source: HTUSDT on TradingView.com Following a run on FTX, that culminated in the exchange filing for Chapter 11 bankruptcy, cryptocurrency token prices have had a torrid time…
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Glassnode and CryptoSlate Deep Dive: How a cold winter is impacting Bitcoin miners and why the fear has just begun – Issue 01
[ad_1] Glassnode Special Offer Explore all the live charts covered in this report in Glassnode Studio. ⚡Special offer⚡ For a limited time, you can save 40% on a monthly or yearly Glassnode Advanced plan and access the data and insights which are helping thousands of crypto traders and investors around the world. Offer ends 29…
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Bitcoin worth $1.5B leaves Coinbase; Mid-cap tokens outperform Bitcoin
[ad_1] The biggest news in the cryptoverse for Nov. 25 includes Binance publishing BTC proof of reserve, BNB hitting 6% market dominance as mid-cap tokens outperform Bitcoin, 100,000 Bitcoin worth over $1.5 billion leaving Coinbase in 48 hours, and CoinList denying rumors of insolvency. Bitcoin worth $1.5B withdrawn from Coinbase in 48 hours Glassnode data…
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Bahamas Securities Commission calls FTX CEO John Ray’s allegations inaccurate; says its actions were ‘misinterpreted’
[ad_1] The Securities Commission of The Bahamas (SCB) rejected FTX’s CEO John Ray III’s allegations that it directed unauthorized access to the embattled exchange’s system after it filed for bankruptcy, according to a Nov. 23 press statement. Securities Commission of The Bahamas Statement on Transfer Motion In FTX Digital Markets Chapter 15 Proceedings. https://t.co/CB5f7w1wGT pic.twitter.com/ZMqrbU6vhf…
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Bitcoin worth $1.5B withdrawn from Coinbase in 48 hours
[ad_1] A total of 100,000 Bitcoin (BTC) were withdrawn from Coinbase in the past two days, marking the third-largest BTC withdrawal in Coinbase’s history. Two withdrawals worth 50K The chart below shows the BTC withdrawals and deposits in Coinbase on a daily basis since the beginning of the year. Bitcoin Exchange Net Position Change for…
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Massive staked Ethereum withdrawals by whales allow arbitrageurs to profit
[ad_1] Lido (LDO) staked Ethereum (stETH) traded at a discount to Ethereum (ETH) on Curve after a whale removed 84,131 ETH ($101 million) from the protocol, allowing arbitrageurs to profit from the situation. Peckshield also reported that a whale withdrew 42,400 stETH from Aave. #PeckShieldAlert A Whale has withdrawn ~42.4k $stETH (~$50M) from Aave Protocol…
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Binance publishes BTC proof of reserves to provide more transparency on customer funds
[ad_1] Following promises from Binance CEO CZ, the exchange has released proof of reserves for Bitcoin held on the platform. Customer funds are backed by on-chain reserves of over 582,000 BTC — 1% higher than total customer deposits. The customer net balance was 575,742.4228 BTC as of the snapshot taken on Nov. 11, and on-chain…