Author: e_cash_top

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[ad_1] The Financial Services Commission (FSC), South Korea’s financial regulator, will monitor the country’s largest crypto holders after raising concerns about the high risk associated with money laundering single-asset virtual assets and stablecoins, according to local media reports. The decision is made to subject virtual asset operators, businesses, and individuals who hold over $70,000 worth…

Crypto short liquidation cross $750M in 4 hours as Bitcoin reclaims $20k

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[ad_1] Over $750 million in crypto shorts have been liquidated over the past 4 hours as Bitcoin reclaims $20,000. Bitcoin and Ethereum led the liquidations, with $356.14 million and $328.18 million, respectively, wiped out. Data from Coinglass below highlights the breakdown across the cryptocurrency industry. Source: Coinglass The liquidations mark a three-month high, as shown…

Staked ETH soars in Q3; Bitcoin volatility causes Tesla $106M loss; Binance close to finding hacker

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in Uncategorized

[ad_1] The biggest news in the cryptoverse for Oct. 25 includes the amount of staked Ethereum surpassing 14 million year-to-date, Tesla’s $106 million loss to Bitcoin volatility, and Apple’s guidelines on how iOS developers can add in-app NFT purchase functions to their apps. Total staked Ethereum surpasses 14 million in Q3 amid 64% decline in…

Stablecoin regulation could spell the beginning of the end for DeFi

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[ad_1] Ever since the concept of decentralized finance (DeFi) came to the forefront of the crypto space back in 2020, critics (including me) have noted that much of this sector is decentralized in name only. One of the key areas of centralization is found with the various stablecoins that make up a large portion of…

MakerDAO MKR community approves ‘endgame’ proposal

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[ad_1] MakerDAO’s (MKR) Endgame proposal was overwhelmingly passed by the community, with around 80% of the votes in support. The endgame proposal The proposal was submitted by MakerDAO founder Rune Christensen and focused on breaking the decentralized protocol into smaller units called MetaDAOs which would be more decentralized. With over $8 billion in assets in…

Public Bitcoin miners are expanding their hashrate share

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in Uncategorized

[ad_1] There was a massive surge in public miners’ Bitcoin hashrate share as it has steadily grown during the last year, according to a report from the Hashrate Index. Occasioned by the enormous funds derived from the 2021 bull run, many of these miners invested heavily in mining rigs, thereby widening and enhancing their operations.…

UK lawmakers votes to recognize crypto as regulated financial instrument

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[ad_1] UK lawmakers in the House of Commons have voted to recognize crypto as a regulated financial instrument in the country. The proposal, which was introduced by Parliamentarian Andrew Griffith, received the lower house’s approval after the second reading on Oct. 25. Griffith’s proposal seeks to include crypto assets as part of services to be…

Total staked Ethereum surpasses 14 million in Q3 amid 64% decline in price

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in Guides

[ad_1] The amount of staked Ethereum has increased to just over $19 billion at about 14 million ETH since the start of the year, according to a report by the trading platform Bestbrokers. While the price of Ethereum has declined around 64% during the same time, other assets such as Gold and equities are also…

Solend founder says SBF wants to ‘profit at all costs’

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[ad_1] Solend (SLND) founder 0xrooter has described FTX founder Sam Bankman-Fried as a “profit maxi” who wants to “profit at all costs.” SBF is a profit maxi: profit at all costs — 🙏🚫 Rooter (hiring!) (@0xrooter) October 24, 2022 According to Rooter, a company’s action reflects its founder’s personality. While he has never had any…

On-chain data shows Bitcoin Long term holders are selling again

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