Category: Latest news

[ad_1] Quick Take The Bitcoin network has experienced a 2% drop in its difficulty adjustment, marking the fourth such decrease in 2023. With approximately a quarter of all adjustments this year showing a negative trend, the hash rate acceleration is evident. Currently, the hash rate stands at around 364 trillion (Th/s). Despite the recent decrease,…

FTX sues ex-compliance officer Daniel Friedberg

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[ad_1] Current leadership for FTX sued the company’s former compliance officer, Daniel Friedberg, as seen in a court filing dated June 27. Friedberg allegedly breached duties The filing broadly alleges that Friedberg breached his fiduciary duties and engaged in misconduct. Friedberg previously served as Chief Compliance Officer at FTX, General Counsel at Alameda Research, and…

Why the SEC should stay away from crypto (Part III)

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[ad_1] This article is the final part of a three-part series. We suggest reading parts one and two for context. As The Wall Street Journal highlighted in a recent article, Coinbase’s argument around their successful IPO presents a “novel” defense in court. As most of us are aware, when Coinbase went public, it had already listed…

KuCoin to introduce mandatory KYC, ending deposits for non-verified users

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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…

Reclusive Binance co-founder Yi He speaks on SEC case

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[ad_1] Binance’s famously private co-founder and CMO, Yi He, commented on the company’s regulatory standing in an interview published by Bloomberg on June 28. Yi He discusses regulations In several interviews, Yi He commented on regulatory challenges, noting: “If [regulators] really took the time to understand our industry, they would see that if Binance isn’t…

ARK Invest amends Bitcoin spot ETF application in race for SEC approval

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[ad_1] ARK Invest, led by Cathie Wood, and digital asset manager 21Shares, recently revised their application for a US-based Bitcoin ETF to include a surveillance-sharing agreement in a move that appears to be in reaction to BlackRock‘s filing two weeks earlier. These surveillance-sharing agreements, planned between the CBOE options exchange and a US-based Bitcoin trading…

Central bankers warn of further rate hikes at ECB Forum

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[ad_1] U.S. Federal Reserve chair Jerome Powell along with top central bankers, said further policy rate hikes are on the horizon due to the sustained strength of the labor market in the country. Powell made the statement on June 28 during the ECB Forum on Central Banking in Portugal. The panel included the Bank of…

Analyzing capital rotation across cycle transitions

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[ad_1] Investigating the Flow of Capital Amidst Market Shifts In studying the dynamics of capital rotation, we’re particularly focused on the turning points across various cycle transitions. This perspective provides crucial insights into the mechanisms driving the Bitcoin market. The Role of Bitcoin’s Long-Term Holders on Supply Availability When we turn our attention to Bitcoin,…

ECB expresses support for European Commission’s digital euro proposal

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