Category: Latest news

[ad_1] Quick Take The inflationary scenario the economy has been grappling with since 2021 has prompted a fresh look at Bitcoin’s performance. Central banks have leveraged the Consumer Price Index (CPI) methodology to target their 2% inflation mandate, a model that has its critics due to the representation of the ‘basket’ of goods, given that…

[ad_1] HashKey, the operator of one of Hong Kong’s licensed crypto exchanges, secured an in-principle approval from Singapore’s leading financial regulator, the Monetary Authority of Singapore (MAS), for a Major Payment Institution (MPI) license via its over-the-counter trading arm, Hashkey OTC, according to a Feb. 28 statement shared with CryptoSlate. The MPI license empowers HashKey…

[ad_1] Quick Take Bitcoin is currently demonstrating a robust market performance, bulldozing its way towards the $60,000 benchmark, up from its daily start of around $57,000. In the preceding 24 hours, a significant wave of liquidations hit the digital asset market, amounting to approximately $250 million. The liquidations depict a slight bias towards shorts, with…

[ad_1] Sam Bankman-Fried, the founder of the now-defunct FTX exchange, is pushing for a lighter prison term, aiming for 78 months or less, according to a Feb. 27 court filing. Bankman-Fried’s legal team, led by Marc Mukasey, criticized the Pre-sentence Investigation Report (PSR) recommendation of a 100-year sentence as “barbaric.” The lawyers highlighted SBF’s status…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you…

[ad_1] Bitcoin crossed the $57,000 mark on Feb. 27, reaching its highest level since November 2022. This surge, driving the price from $54,000 to $57,300 within 24 hours, led many to see it as the beginning of a bull rally, especially significant in a Bitcoin halving year. Despite the blistering gains, the expected wave of…

[ad_1] The Chamber of Digital Commerce filed an amicus curiae defending crypto exchange Kraken in the lawsuit initiated by the US SEC, according to Feb. 27 court filings. The Chamber explained that the purpose of the amicus brief is to end the SEC’s attempted regulation of the digital asset industry through enforcement without legislative authority.…

[ad_1] Early Bitcoin contributor Martii Malmi recently attracted attention for sharing his email correspondence with Bitcoin creator Satoshi Nakamoto. However, Malmi’s contributions go far beyond email correspondence, as he was one of the first developers to ever work on Bitcoin’s code aside from its pseudonymous creator, based on information collected by Peter Rizzo. He contributed…

[ad_1] Convicted Bitfinex hacker Ilya Lichtenstein has become a key government witness in a jury trial involving the alleged operator of crypto mixer Bitcoin Fog Roman Sterlingov, Bloomberg News reported on Feb. 27. US prosecutors arrested and charged Sterlingov in April 2021 over allegations that the mixer helped launder 1.2 million BTC — worth $335…

[ad_1] Popular memecoin Pepe surged 118% over the past two days to hit a 10-month high on Feb. 27. The memecoin was trading at $0.0000026, up 58% over 24 hours, as of press time. The token hit a high of $0.0000029 before giving up some of the gains over the last two hours, based on…