Category: Latest news
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Long-term holders capitulating to the tune of 100k Bitcoin after SVB collapse could mark a stronger market rebound
[ad_1] Latest Report De-dollarization: Do all roads eventually lead to Bitcoin? The U.S. dollar’s reign as the reserve currency of the world could be coming to an end. CryptoSlate’s latest market deport explores the de-dollarization of the world to find what role will Bitcoin play in the global economy. Andjela Radmilac · 4 days ago…
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Binance daily withdrawals double as users report problems off-ramping
[ad_1] Ad Binance has experienced withdrawals of $1.6 billion since Monday, data from Nansen, shared by Reuters, showed. Binance users are reporting difficulty in off-ramping during this period via social media. Nonetheless, others have deemed the inference of mass withdrawals as FUD. The CFTC sues Binance The Commodities Futures Trading Commission (CFTC) filed a lawsuit…
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Algorand up over 12% following on from India partnership
[ad_1] Ad Algorand (ALGO) — the blockchain-based cryptocurrency protocol that leverages proof-of-stake technology — is up over 12% in 24-hour trading following the announcement of its partnership in India. Algorand’s recent push into India On Mar. 29, ALGO reported that it has secured a partnership deal in India with AlgoBharat, a move it hopes will…
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Liquid staking tokens rally by 15% as Ethereum Shapella upgrade draws near
[ad_1] Ad Liquid staking is the best-performing crypto sector in the last 24 hours after rallying by more than 15%, according to CryptoSlate data. According to the data, all seven projects in the space soared by more than 5%, with two of them — Lido (LDO) and Frax Share (FXS) — among the top five gainers…
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Voyager redeems $150M of USDC to fiat through Circle
[ad_1] Arkham Intel has reported that Voyager has initiated converting its USDC holdings into fiat currency by redeeming $150M via Circle’s service, also reporting that Coinbase had transferred $150 million in USDC to Circle. gm Voyager has begun cashing out its USDC to fiat, redeeming 150M through Circle's service. The funds were subsequently transferred to…
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Lido to sunset staking on Polkadot, Kusama by August
[ad_1] Liquid staking protocol Lido (LDO) said it would stop providing staking services for Polkadot (DOT) and Kusama (KSM) on Aug. 1. According to a blog post by Lido developer MixBytes, the decision was made “because of several challenges, including market conditions, protocol growth, limited capacity, and priority alignment.” The developers further clarified that balancing…
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CryptoSlate wMarket update: XRP leads top 10 as BTC breaks $28,000 once again
[ad_1] The cryptocurrency market cap saw net inflows of $70 billion over the last 24 hours and currently stands at $1.19 trillion — up 5.44% from $1.12 trillion. During the reporting period, Bitcoin and Ethereum’s market cap increased by 5.58% and 5.06% to $547.02 billion and $221.27 billion, respectively. All top 10 crypto assets performed…
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Coin Center raises the alarm on the RESTRICT Act
[ad_1] Ad Coin Center posted a scathing assessment of the RESTRICT Act – saying the bill proposal could be used to ban crypto. The cryptocurrency advocacy organization highlighted several problems with the bill, including its potential to block and restrict access to open protocols, such as the Bitcoin (BTC) network. Moreover, Coin Center drew parallels…
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Bitcoin’s correlation to traditional assets raises red flags
[ad_1] Quick Take As the market digests all the uncertainty from the banking fallout, equities such as the S&P 500 remain flat for March. In recent weeks, in light of the SVB collapse, Bitcoin had uncorrelated itself from the traditional markets. Bitcoin was up 24%, other assets remained relatively flat, and gold was also a…
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North Korean hacking group APT43 found to rely on cryptocurrency crime
[ad_1] Ad A North Korean hacking group called APT43 has been found to be reliant on cryptocurrency, according to a report from the security firm Mandiant on March 28. APT43 uses cryptocurrency Mandiant said that although APT43’s main objective is espionage, the group also engages in various types of crime both related and unrelated to…