Category: Latest news

[ad_1] Quick Take Bitcoin’s network witnessed a remarkable event on Friday, as the hash rate surged to a peak of over 500 exahashes per second (eh/s) from the previous day’s figure of 400 eh/s. This uncommon increase constitutes the single largest one-day augmentation in hash rate that the Bitcoin network has ever experienced. This upswing…

[ad_1] Canto, a Cosmos-based layer1 network, plans to migrate to Ethereum (ETH) and become a layer-2 network. Following the news, the CANTO token jumped by nearly 13% to $0.1285 as of press time, according to CryptoSlate’s data. Canto to build on Polygon. Canto core developers will build a zero-knowledge rollup on Ethereum Layer-2 using the…

[ad_1] The bankrupt cryptocurrency exchange FTX is suing the parents of founder Sam Bankman-Fried for allegedly manipulating their relationships to divert millions of dollars out of the company improperly. Alameda Research LLC, Alameda Research Ltd., FTX Trading Ltd., West Realm Shires, Inc., and West Realm Shires Services Inc. (FTX.US) filed a complaint in Delaware bankruptcy…

[ad_1] The Securities and Exchange Commission (SEC) has been keeping a watchful eye on the cryptocurrency industry, raising concerns about its lack of regulation. The agency has made it clear that it views many cryptocurrencies as securities and, therefore subject to federal securities laws. This stance has led to increased scrutiny and enforcement actions against…

[ad_1] Binance.US‘ weekly trade volume has plunged dramatically from an annual high of nearly $5 billion to a mere $40 million, crypto data firm Kaiko tweeted on Sep 18. This drop was exacerbated in June by extensive charges filed by the U.S. Securities and Exchange Commission (SEC) against Binance and its affiliates. The SEC accused…

[ad_1] Quick Take Recent analysis has shed light on an intriguing aspect of the Bitcoin market cycle. d This cohort’s behavior appears to play a crucial role in signifying a local bottom within the Bitcoin market cycle, as evidenced by a comprehensive examination of the past five years. When this group holds a minimal profit…

[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…

[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…

[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…

[ad_1] Citigroup has launched the pilot of its Citi Token Services, a new platform aimed at bolstering cash management and trade finance mechanisms. The company announced in a press release that the service leverages blockchain and smart contract technologies to provide innovative digital asset solutions for institutional clients. Citi Token Services will integrate tokenized deposits and…