Category: Latest news

[ad_1] Former FTX co-CEO Ryan Salame is expected to plead guilty to the criminal charges against him on Thursday,  Bloomberg reported on Sept. 7. Salame was jointly in charge of FTX Digital Markets with Sam Bankman-Fried before the exchange collapsed last November. The former executive is scheduled to appear at the Manhattan federal court on…

[ad_1] Belgian authorities are seeking the extradition of a London-based fintech professional, Caio Marchesani, on suspicions of using cryptocurrency to launder hundreds of millions of dollars for criminal organizations, including high-ranking bosses. According to new reporting from Bloomberg, Marchesani, owner of Trans-Fast Remittance, allegedly facilitated substantial crypto transactions for a notorious criminal gang ” on a…

[ad_1] Quick Take A sell-off from short-term holders appears to have mostly fueled Bitcoin’s drop to $25,000. While there are many on-chain metrics pointing to this fact, it becomes clear when analyzing the changes in Bitcoin’s old coin supply — i.e., supply that was last active more than six months ago. Positive values indicate a…

[ad_1] Palau will end the pilot program of its U.S. Dollar-backed stablecoin efforts later this month, according to a Sept. 7 post on X by Jay Hunter, the country’s head of digital residency. Hunter revealed that the distribution of the Palau Stablecoin (PSC) will cease by this Friday, Sept. 8. He advised holders of the…

[ad_1] The International Monetary Fund (IMF) and the Financial Stability Board (FSB) published a report commissioned by G20 under India’s leadership, outlining a comprehensive framework for regulating crypto-assets like Bitcoin and stablecoins today, Sept. 7. The paper synthesizes the policy recommendations from both organizations to help countries address the financial stability and integrity risks posed…

[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] Spot and derivatives trading activities on centralized cryptocurrency exchanges declined for the second consecutive month by 11.5% to $2.09 trillion, setting a new low for the current year, according to CCData. The crypto data aggregator reported that spot trading activities fell 7.78% to $475 billion in August, the lowest volume recorded since March 2019.…

[ad_1] Quick Take Miner capitulation risk represents the potential for miners to cease operations due to unprofitability, leading to a significant reduction in hash rate. A drop in hash rate can further exacerbate selling pressure as miners liquidate their holdings to cover operational costs. This risk is assessed through two metrics — the Puell Multiple…

[ad_1] A new research paper led by Ethereum creator Vitalik Buterin proposes “Privacy Pools,” a novel approach to balance privacy protections and regulatory compliance in cryptocurrencies. The paper outlines how Privacy Pools allows users to prove their crypto withdrawals do not originate from illicit sources without revealing their complete transaction histories. Users can generate zero-knowledge…

[ad_1] On-chain data shows a crypto whale “0x13e382” lost $24.23 million worth of liquid staked Ethereum, including 4,851 rETH (worth $8.58 million) and 9,579 stETH ($15.63 million), to phishing scammers on Sept. 6. Web3 security firm Scam Sniffer revealed that the whale had unwittingly given token approval to the scammers by signing “increaseAllowance” transactions. The firm…