Category: Latest news
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Longest streak of Bitcoin withdrawals surpassing deposits signals market shift
[ad_1] Tracking Bitcoin’s movement across exchanges is crucial to understanding market dynamics. The balance of Bitcoin on exchanges serves as a reliable barometer of market sentiment, providing invaluable insight into investor behavior and potential market shifts. Alongside tracking Bitcoin’s balance, it’s equally important to track Bitcoin exchange deposits and withdrawals. The volume of Bitcoin being…
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Bitcoin accounted for 19% of illicit crypto volume in 2022, down from 97%
[ad_1] Over the past six years, there has been a significant decline in Bitcoin‘s share in criminal crypto transactions, according to TRM Labs‘ Illicit Crypto Ecosystem report. In 2016, Bitcoin accounted for 97% of illicit crypto volume. In 2022, the share fell to less than one-fifth or 19% of illegal crypto volume, the report noted.…
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Tether forms agreement with Georgia for development of blockchain industry hub
[ad_1] Tether has signed a Memorandum of Understanding (MOU) with the Government of Georgia, as reported by the firm on June 28. The “strategic collaboration” is part of a broader vision to position Georgia as a “central hub for peer-to-peer and blockchain technology,” intended to bring about innovation and economic growth in the region. A…
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FTX invites investors to register interest to restart rebranded exchange – report
[ad_1] Investors eager to help FTX reboot its global exchange must register their initial interest this week, the Wall Street Journal reported on June 28, citing sources familiar with the matter. FTX CEO John J. Ray III said that FTX “has begun the process of soliciting interested parties to reboot the FTX.com exchange,” as per…
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zkSync launches zkStack as foundation for Zero Knowledge development
[ad_1] In a significant step forward for the development of Zero-Knowledge (ZK) technology, an innovative field pertaining to privacy and security in digital transactions, zkSync has announced the launch of zkStack. Created by Matter Labs, zkSync launched in its current form in March 2023. It is a layer-2 scaling solution for Ethereum, using zk rollups,…
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BITX records $5.5M in trade volume on launch day
[ad_1] Quick Take Eric Balchunas, Senior ETF Analyst for Bloomberg, has highlighted BITX as one of the most successful Bitcoin ETF launches of 2023. BITX is a leveraged Bitcoin Futures ETF that provides 2x exposure to BTC through futures contracts launched on June 27. On its first day, BITX saw a trading volume of $5.5…
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UK Law Commission proposes classifying crypto as a new type of property
[ad_1] Digital assets, such as cryptocurrencies, could be classified under a new category of personal property, the Law Commission of England and Wales said in its final recommendation report to the government. The Law Commission, comprising lawyers, judges, and professors, set forth four specific recommendations in its report published on June 28. These related to…
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FTX pauses sale of stake in AI firm Anthropic, once purchased for $500m
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BitGo CEO says traditional financial firms will remain ‘mostly out’ of crypto
[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…
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Damus calls for Apple to adopt p2p payments amid AppStore removal
[ad_1] In the face of Apple AppStore removal, the team behind Damus, a popular social media app built on top of Nostr, definitely calls for Apple to adopt censorship-resistant, peer-to-peer payment systems, and pledges to continue supporting their platform on Android, Web, and desktop versions. The recent move by Apple to remove Damus from the…