Author: e_cash_top

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[ad_1] The total cryptocurrency market cap saw net outflows totaling $20.53 billion. As of press time, the industry’s market cap stood at $920.62 billion, down 2.23% over the last 24 hours. Bitcoin’s market cap fell 1.60% over the reporting period to $366.19 billion from $372.049 billion. Meanwhile, Ethereum’s market cap was down 2.79% to $157.19…

Brazil police, US authorities bust transnational crypto fraud ring led by ‘Bitcoin Sheikh’

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[ad_1] Brazil’s Federal Police and the U.S. Homeland Security Investigations (HSI), along with the help of multiple other enforcement agencies have busted a global crypto fraud ring, according to a press release issued by the U.S. Immigration and Customs Enforcement (ICE) on Oct. 6. The Curitiba, Brazil-based crypto fraud ring took the form of a…

TrueFi issues notice of default to VC firm Blockwater on $3.4M loan

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[ad_1] Unsecured lending protocol TrueFi has issued a notice of default to Blockwater Technologies for failing to repay a $3.4 million loan agreement. According to Blockwater’s borrower profile, the venture capital firm borrowed about $16.8 million from TrueFi in 2021. It repaid up to $13.4 million before seeking loan restructuring in August 2022. As a…

Bitcoin mining difficulty adjusts over 13%, the highest since May 2021

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[ad_1] The Bitcoin network has reached its all-time high in terms of hash rate, surpassing most projections. The network’s total hash rate currently stands at 240 EH/s and is expected to increase even further. The current hash rate represents a 3x increase from the network’s lows in July 2021 when a government ban triggered a…

Interest in XEN Crypto makes Ethereum deflationary

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[ad_1] XEN Crypto, a new project on Ethereum, is responsible for over 40% of ETH burns and has made the network’s issuance deflationary for consecutive days, according to ultrasound.money data. When XEN launched — Ethereum supply shows reduction from Oct 8th onward… (Note 50% of Ethereum gas fees get burned). Bullish for Ethereum. pic.twitter.com/vA51H4rum5 —…

Paul Tudor Jones sees Bitcoin much higher as fiscal excess unwinds

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[ad_1] On holding Bitcoin, Hedge Fund Manager Paul Tudor Jones said he has “still got a very minor allocation, I’ve always had a small allocation to it.” This is despite its highly correlated moves with the risk-on market, not to mention stagnant price action lately, with the past month seeing the BTC price ranging between…

EU readying regulations on DeFi; Bitcoin mining difficulty reaches new ATH

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[ad_1] The biggest news in the cryptosphere for Oct. 10 includes Dominic Frisby’s take on Bitcoin and gold investments, the EU Commission’s tender that signals a regulatory framework for DeFi, and BitBoy Crypto’s allegations against the former SEC director for accepting bribes to declare Ethereum a commodity. CryptoSlate Top Stories EU signals regulatory intent with…

Dominic Frisby gives his take on investing in Bitcoin, gold

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[ad_1] CryptoSlate sat down with Dominic Frisby, the author of Bitcoin: The Future of Money?, to discuss gold, Bitcoin, and geopolitics. The topics were fitting, given our collective fixation with all things macro at present, especially inflation, and the mechanics that have led us to this point. But also because Frisby is a staunch proponent…

Interest in crypto fades as investors pile into bonds

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[ad_1] Since the Federal Reserve began hiking interest rates to control inflation, the cryptocurrency and stock markets have performed poorly, forcing investors’ interest in US Treasury bonds to rise. Investors flock to US Treasury bonds Investors appear to be piling in on US Treasury bonds because of their relative safe haven performance in light of…

Nexo integrates enterprise-grade blockchain indexer Zash

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