Category: Latest news
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Hong Kong authorities investigating Worldcoin over data privacy concerns
[ad_1] The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has initiated an investigation into Worldcoin over data privacy concerns related to its collection of biometric data, according to a Jan. 31 press release. The PCPD said it executed court warrants to enter six Worldcoin premises on Jan. 31 in Yau…
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FTX abandons resurrection plans in favor of liquidation to fully repay customers affected by collapse
[ad_1] In a significant development in the FTX bankruptcy saga, the company has decided it will not revive the exchange and will instead liquidate its assets to fully compensate customers affected by its collapse. The decision was announced by FTX’s attorney, Andy Dietderich, during the exchange’s latest bankruptcy hearing on Jan. 31. The exchange’s native…
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Is the Bitcoin Power Law model more realistic than Stock-to-Flow?
[ad_1] Since finance YouTuber Andrei Jikh recently covered the so-called Bitcoin Power Model, there has been a notable debate within the Bitcoin community around its viability. Jikh opened his video entitled “2024 Bitcoin Price Prediction (CRAZY!)” by stating, “Today I want to show how a simple math rule that’s able to predict patterns of the universe…
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Sui ends January with new ATH and soaring DeFi metrics
[ad_1] Layer1 blockchain network Sui is ending the month as one of the best-performing digital assets, according to CryptoSlate’s top gainers list. According to the list, SUI gained around 75% during the past 30 days to post a new all-time high of $1.64 on Jan. 30, surpassing its previous high of $1.43. However, its value…
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Whale entities withdraw 100,000 BTC from exchanges in two weeks
[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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Coinbase taps former UK Treasurer who warned of ‘run on pound’ in 2008 for Advisory Council
[ad_1] In a move to bolster its global expansion efforts, Coinbase has enlisted George Osborne, a prominent figure in U.K. politics and finance. Osborne, known for his tenure as the U.K.’s Chancellor of the Exchequer (Treasury) from 2010 to 2016 and his contributions to the country’s economic and financial policies, joins Dr. Mark T. Esper,…
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Terraform Labs filed for bankruptcy to protect against potential SEC money judgment
[ad_1] Terraform Labs, the brains behind the Terra blockchain network, opted for bankruptcy protection as a strategic move against any “potential money judgment” that could be enforced by the U.S. Securities and Exchange Commission (SEC). In a Jan. 30 court filing, Terraform Labs CEO Chris Amani explained that the company might need to close its…
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Bitcoin heads for fifth consecutive monthly green candle amid rollercoaster market conditions
[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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Marathon vs Riot: Analyzing the true cost of mining 1 bitcoin
[ad_1] Bitcoin mining is the cornerstone of the crypto industry and the crypto market. At its core, the profitability of mining comes down to a single, crucial metric — the cost of producing each bitcoin. The importance of this cost becomes even greater when it comes to publicly traded Bitcoin mining companies, as it’s essentially…
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Coinbase CLO slams SEC’s barebones response in rulemaking petition case
[ad_1] Coinbase CLO Paul Grewal criticized a minimalistic legal filing from the U.S. Securities and Exchange Commission (SEC) on Jan. 30. Grewal wrote in a post on X: “Below is the administrative record of [the SEC’s] decision rejecting our petition for digital assets rules. See for yourself whether it’s even close to complete or sufficient…