Category: Latest news

[ad_1] Chinese authorities have intensified efforts to regulate the use of cryptocurrencies in illegal foreign exchange (forex) trading, South China Morning Post reported. The crackdown specifically targets the misuse of stablecoins like Tether (USDT) in unlawful transactions. The Supreme People’s Procuratorate and the State Administration of Foreign Exchange (SAFE) issued a joint statement on Dec.…

[ad_1] PancakeSwap’s native CAKE token price surged nearly 10% today, according to CryptoSlate’s data, following the decentralized exchange (DEX) proposal to reduce its maximum supply by 300 million to 450 million tokens. There are currently roughly 386 million CAKE tokens issued, with 267 million in the circulating supply. The circulating supply is, therefore, around 35%…

[ad_1] Bankrupt FTX seeks court approval to estimate its customers’ digital asset claims in U.S. dollars, according to a Dec. 27 court filing. The exchange clarified that the action was essential to prevent any hindrance in the bankruptcy proceeding, adding that: “The liquidation of every individual Claim in respect of a Digital Asset is impractical and…

[ad_1] Bitcoin SV led CryptoSlate’s top gainers list for Dec. 28 after rallying over 50% during the past day to reach a yearly high of $95 before retreating to $89 as of press time. This price performance continues a broadly positive week for the cryptocurrency, up 80% during the past week and 109% on the…

[ad_1] The United States Bankruptcy Court for the Southern District of New York approved the implementation of the “MiningCo Transaction” for Celsius and its affiliated debtors as part of the Chapter 11 bankruptcy proceedings on Dec. 27. This order, enacted by Chief Judge Martin Glenn, marks a critical juncture in the restructuring efforts of Celsius…

[ad_1] Quick Take CryptoSlate reported on Dec. 27 an intriguing trend observed among short-term holders (STH) of Bitcoin, based on data from Dec. 26. While STHs, who’ve held Bitcoin for less than 155 days, sent $2 billion worth of Bitcoin to exchanges, the majority of them sending Bitcoin at a loss. Despite this apparent setback,…

[ad_1] Quick Take Bitcoin transaction fees continue to eclipse Ethereum after consistently outperforming for over two weeks. This evolution has raised several important questions about the Bitcoin landscape. With Bitcoin fees reaching a high of $12 million on Dec. 27 and maintaining a steady seven-day average of $11 million, the implications for miners are significant. The…

[ad_1] Quick Take Bitcoin mining stocks have seen a remarkable performance in 2023, outpacing Bitcoin’s already impressive 160% YTD surge. Key mining players, including Hive and Marathon Digital Holdings, have recorded skyrocketing growth figures at an astonishing 274% and 767% YTD, respectively. Data from Fintel points to an intriguing phenomenon – a significant percentage of…

[ad_1] Yesterday’s stock market, Dec. 27, reflected a surge in investor interest in Bitcoin-related stocks ahead of potential ETF approvals. Bitcoin mining companies’ stocks soared, outstripping the cryptocurrency’s gains amidst anticipating an imminent spot Bitcoin ETF approval. Marathon (MARA) led the charge as trading volumes swelled, surpassing even Tesla’s activity on the trading floor. Per…

[ad_1] Quick Take In the world of digital asset exchanges, Coinbase holds a unique position as a preferred choice for U.S. institutions, partly due to its status as a publicly traded company. It also serves as the principal custodian for the spot Bitcoin ETFs, currently under consideration by the SEC. However, as 2023 draws to…