Category: Latest news
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Fake Uniswap $10 million airdrop reported as several prominent crypto media scammed
[ad_1] A sophisticated social engineering campaign successfully duped several prominent crypto news outlets into promoting a fabricated $10 million Uniswap airdrop on Feb. 16. The scammer, posing as a Uniswap Foundation representative, offered coordinated publicity in tandem with the legitimate Uniswap v4 announcement. CryptoSlate declined to cover the airdrop, noting concerns about potential malicious changes…
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US banking groups lobby SEC for rule change to enter Bitcoin ETF market
[ad_1] Multiple US banking groups are seeking inclusion in the Bitcoin exchange-traded funds (ETFs) landscape, prompting a request for a rule change to facilitate their participation. In a Feb. 14 letter to SEC Chair Gary Gensler, a coalition comprising the Bank Policy Institute, the American Bankers Association, the Securities Industry and Financial Markets Association, and…
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Wealth concentration hits a new peak as major economies slip into recession
[ad_1] Quick Take Despite the seeming prosperity indicated by stock market highs in major economies, including the S&P 500 in the US, DAX in Germany, CAC40 in France, and Nikkei 225 in Japan, a contrasting narrative of technical recessions and growing inequality is emerging. Notably, the United Kingdom and Japan have entered technical recessions –…
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Bitcoin’s network sees a 380% increase in hash rate since the start of the current cycle
[ad_1] Quick Take The Bitcoin network has recently seen a significant uptick in its difficulty adjustment and hash rate, as reported by CryptoSlate. A notable 8% rise in difficulty adjustment, the highest in 12 months, pushed it to an all-time peak of 81.73 T, according to data from Coinwarz. Concurrently, the network’s hash rate –…
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Bitcoin ETF market thrives with nearly 9,300 Bitcoin added in one day
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Bitcoin’s short-term holders enjoy gains with price surge to $52,000
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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On-chain data shows Bitcoin supply is tightening
[ad_1] After a brief struggle to regain footing, Bitcoin finally broke through the $52,000 barrier on Feb. 14. While $50,000 was a critical psychological benchmark, trading above $52,000 indicates rising market confidence in Bitcoin and can mean the end of the bear market. During periods of price volatility, especially significant upward movements, it’s important to…
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Coinbase saw $3.1 billion of revenue in 2023, with one-third of that total in Q4
[ad_1] Major US crypto exchange Coinbase published its latest financial report on Feb. 15, including fourth-quarter and full-year results for 2023. For Q4 2023, Coinbase reported a net income of $273 million and an adjusted EBITDA of $305 million. For the full year, it reported a net income of $95 million and adjusted EBITDA of…
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Elizabeth Warren’s Satoshi Nakamoto flag was likely sponsored by unknown individual
[ad_1] Unverified reports on Feb. 15 suggest that Senator Elizabeth Warren’s office has flown an American flag over the US Capitol to commemorate Bitcoin creator Satoshi Nakamoto. A certificate signed by Warren reads: “This is to certify that the accompanying flag was flown … in honor of Satoshi Nakamoto for the 15th anniversary of Bitcoin,…
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VanEck slashes spot Bitcoin ETF fee to 0.20%; Fidelity cuts EU ETP fee to 0.35%
[ad_1] VanEck will reduce fees on its spot Bitcoin ETF later this month, according to a filing with the US Securities and Exchange Commission (SEC) on Feb. 15. The firm said that its VanEck Bitcoin Trust (HODL) will include a unified sponsor fee of 0.20% when trading begins on Feb. 21. Currently, that fee is…