Author: e_cash_top

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[ad_1] Crypto custodian BitGo has been nominated as the official custodian to safeguard the remaining funds at FTX. Acting CEO John Ray III selected BitGo to take custody of the assets of the crypto exchange for the duration of the bankruptcy proceedings. FTX filed a motion to acquire a custodian in relation to the bankruptcy…

Ravencoin spikes 20% following Binance Pool announcement

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[ad_1] Ravencoin (RVN) spiked 20% following Binance Pool’s announcement of mining services for the proof-of-work (PoW) coin. According to CryptoSlate data, RVN jumped to $0.024 from $0.021 within one hour of the revelation. Binance Pool’s announcement revealed that it would charge a 1% mining fee, and users could only participate in the pool after verifying…

Solana NFT marketplace Magic Eden expands multichain vision with Polygon integration

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[ad_1] Leading Solana NFT marketplace Magic Eden recently announced plans to deploy on Polygon as part of its multichain strategy. Once integrated, Magic Eden will be available on three different blockchains, with Ethereum making up the other offering. A Magic Eden blog post explained the team is “open to all the possibilities that innovation brings.”…

Latest mining rigs amp up difficulty to zone out competition

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[ad_1] Cyber security analyst, Matt C, highlighted the growing pressure of the latest mining rigs upon previous generations of miners as hashing costs reach $0.07/kwh. #Bitcoin mining profitability by @LuxorTechTeam says it all..Antminer S19 XP is 3+ times superior to previous gens 💰2022 Miners putting difficulty through the roof while trying to send competition out…

Bitfinex’s reserves are 91% Bitcoin, Ethereum

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[ad_1] According to data shared by crypto influencer John Brown, 91% of Bitfinex exchange’s reserves are Bitcoin (BTC) and Ethereum (ETH). Coinbase follows Bitfinex as a close second by having 63% of its reserves in Bitcoin and Ethereum, according to additional information added by Brown. The ratio of reserves held in BTC & ETH differs…

Core Scientific might not make it past November 2023 after revealing $1.7B in losses

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[ad_1] Core Scientific, one of the largest publicly traded Bitcoin miners, might not make it until the end of the year. In its quarterly report filed with the SEC, the company said “substantial doubt” exists about its ability to continue going if it fails to raise liquidity. “However, the ability to raise funds through financing…

BTC hash ribbon upcoming convergence signals miner capitulation

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[ad_1] Bitcoin (BTC) hash ribbon indicators are often used to identify and catch BTC bottoms as the convergence of the BTC hash ribbon signals further miner capitulation as mining costs increase, and BTC price falls. As miners are seen to be selling at the most aggressive rate over the last two years, the Bitcoin network…

Why you should keep an eye on Asian markets for web3 scaling & adoption w/Sora Ventures – SlateCast #36

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[ad_1] In the latest episode of the CryptoSlate SlateCast, we caught up with Jason Fang from Sora Ventures to get insight into the Asian crypto market, learn why he decided to invest in CryptoSlate, and his overall view on the future of the blockchain industry. Sora Ventures is an Asia-based venture capital fund founded in…

Record quantities of Bitcoin leave exchanges in readiness for contagion fallout

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[ad_1] Market jitters from the FTX collapse have triggered record quantities of Bitcoin leaving global exchanges. Bitcoin Magazine Senior Analyst Dylan LeClair noted that 136,992 BTC had been withdrawn over the past 30 days, adding that the event was “historic.” The figure equates to 0.7% of the circulating supply. Accompanying the message, LeClair included an…

Litecoin storms into top 10 displacing TRON

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