Category: Latest news

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[ad_1] Quick Take Over the last five years, the month of August has consistently exhibited a specific trait when it comes to Bitcoin accumulation. The Accumulation Trend Score—a critical on-chain indicator reflecting the relative size of entities actively accumulating Bitcoin—has consistently registered at 0.5 or less. This score uses a scale to determine whether larger…

[ad_1] Crypto media outlet CoinDesk is laying off 45% of its editorial staff in a sweeping restructuring move as its parent company Digital Currency Group (DCG) seeks to bring on strategic investors, according to an internal memo reviewed by The Block. The layoffs were announced internally on Monday and will see 20 individuals, or 45%…

[ad_1] Coinbase has officially expanded its crypto services to Canada, according to an Aug. 14 statement. The exchange revealed a strategic collaboration with Peoples Trust Company, a subsidiary of the Peoples Group. The partnership introduces Interac payment rails, enabling seamless Canadian Dollar deposits and withdrawals functions for Coinbase users based in Canada. To attract Canadian…

[ad_1] Hut 8 Mining Corp, the U.S. digital asset mining company, has released its financial results for Q2 2023, ending on June 30. The disclosed statistics present a challenging quarter for the corporation, marked by decreased mining output and a notable fall in revenue. Hut 8’s revenue experienced a decrease of $24.6 million, falling to…

[ad_1] Bitcoin’s (BTC) price soared to an all-time high against the Argentinian Peso after a pro-BTC candidate, Javier Milei, won the country’s primary presidential race. Pro-Bitcoin candidate emerges Earlier today, Milei, a staunch critic of central banks, recorded an unexpected primary win in the presidential elections. The election results show that Milei polled 30.1% of the…

[ad_1] Quick Take In the dynamic world of cryptocurrency, long-term holders (LTHs) of Bitcoin currently possess approximately 4 million coins that are held at a loss. This figure becomes notably significant when viewed through the prism of cyclical market movements. This latest cycle, distinguished by its severity, witnessed a peak where 6 million Bitcoins were…

[ad_1] Former U.S. President Donald Trump, well-known for his skepticism towards cryptocurrencies, has been revealed to hold between $250,001 and $500,000 in an Ethereum (ETH) wallet, according to his financial disclosure form filed in April 2023. Trump Disclosure The wallet’s contents remain undisclosed, leaving the potential for it to encompass Ethereum, ERC20 tokens, or potentially…

[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] According to former SEC attorney John Reed Stark the current SEC, under the chairmanship of Gary Gensler, is unlikely to approve a Bitcoin spot ETF application centering on significant regulatory concerns, including the ability to prevent fraud and protect investors. The SEC crypto divide. Interestingly, Stark believes the issue of crypto regulation has evolved…