Category: Latest news

[ad_1] Tether has emerged as one of the top buyers globally of US Treasury bills, with a commanding exposure of $72.5 billion, according to a recent post by Paolo Ardoino, CTO of Tether. This development places the USDT stablecoin issuer in the global top 22, ranking above nations like the “United Arab Emirates, Mexico, Australia,…

Bitcoin miner balance decline mirrors drop in hash rate, triggering market caution

Sep 5, 2023

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[ad_1] Quick Take The recent downturn in Bitcoin can be seen in the fluctuations witnessed in the miner balance. Last week, the Bitcoin hash rate saw a 5% drop from its peak value of 400 eh/s. This was concurrent with an anticipated decline of around 3.5% in the difficulty adjustment, a measure of how hard…

Gala Games co-founders clash in opposing lawsuits seeking $130M, $600M in damages

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[ad_1] The co-founders behind the blockchain firm Gala Games have initiated legal proceedings against each other, according to recent court filings. First case concerns alleged $130M theft The first case, which Gala co-founder Eric Schiermeyer filed on Aug. 31, alleges wrongdoing on the part of another co-founder, Wright Thurston. The case additionally names Thurston’s investment…

UK Government publishes objectives for upcoming AI Safety Summit

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[ad_1] On Sept. 4, the government of the United Kingdom published a series of objectives for its AI Safety Summit, which will take place Nov. 1-2 at Bletchley Park. Published by the Department for Science, Innovation & Technology, the statement outlines five “ambitions” for safe artificial development (AI) development that will serve as guidelines for…

Crypto betting platform Stake silent on reported $41M fund drain

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Binance records mild outflow as another top executive leaves

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[ad_1] Binance confirmed to CryptoSlate in a Sept. 4 email that its head of product, Mayur Kamat, had left his role at the exchange. A Binance spokesperson said: “We can confirm that Mayur has stepped down from his role as product lead.” Kamat joined Binance in January 2022 and had previously worked at Google and…

Crypto veteran VC predicts 10-20x Bitcoin growth fueled by utility surge

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[ad_1] Jason Fang, founder of cryptocurrency investment firm Sora Ventures, recently offered unique perspectives on market trends and Bitcoin’s untapped potential, drawn from his firsthand experience across multiple crypto cycles. Fang highlighted how quickly the crypto market can pivot, noting that DeFi and NFT mania went mainstream within two years despite early skepticism. Fang believes…

Bitcoin enters September with diminished market leverage

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[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…

Binance-backed BUSD circulating supply drops to less than $3B

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