Category: Latest news

[ad_1] Quick Take The FTX collapse demonstrated the need to self custody your crypto, a trend that CryptoSlate has monitored for quite some time. However, a shift occurred in February that saw coins return to the market, which saw a build-up of open interest and a fairly flat price structure for Bitcoin in February. This…

[ad_1] Ad Binance is launching a joint anti-scam campaign with law enforcement agencies around the world to combat and prevent financial scams in the crypto world. The exchange said that crypto is vulnerable to scams because people can easily be tricked into voluntarily giving out sensitive information — like private keys to a wallet —…

[ad_1] Ad Non-fungible token (NFT) market’s trading volume increased to $2 billion in February, reaching its pre-LUNA crash levels, according to DappRadar’s Industry Report. The NFT trading volume recorded a 117% spike from January’s $956 million, as the DappRadar data shows. NFT trading volume and sales count (Source: DappRadar) Despite the significant surge in the…

[ad_1] Ad Crypto anthem goes viral at the opening of ETH Denver Look out, Bob Dylan, a new band at ETH Denver has dropped a protest anthem reminiscent of a blockchain, “Blowin In the Wind.” The five-person group performed the anthem at the opening of ETH Denver, the industry’s preeminent event, singing together in folk…

[ad_1] Definition The average funding rate (in %) set by exchanges for perpetual futures contracts. When the rate is positive, long positions periodically pay short positions. Conversely, when the rate is negative, short positions periodically pay long positions. Quick Take The perpetual funding rate has turned negative for the third time this year. Each time…

[ad_1] Ad Ripple (XRP) CEO Brad Garlinghouse said the U.S. lags behind several countries with pro-crypto regulations due to its hardline stance toward the industry. U.S. crypto regulation is lagging In a Mar. 2 Bloomberg interview, Garlinghouse decried that the U.S. crypto regulations were stifling innovations in the space. He said: “The sad reality is…

[ad_1] Ad The crypto market saw a sharp decline at 12 am UTC on March 3. The price of Bitcoin (BTC) fell by over 5% from around $23418 to $22163, according to CryptoSlate data. Most of the drop occurred within an hour as the BTC price fell by over $1,000 in seconds. The price of…

[ad_1] Ad The cryptocurrency market cap saw net outflows of $40.2 billion over the last 24 hours and currently stands at $1.03 trillion — down 3.7% from $1.07 trillion. Over the reporting period, Bitcoin and Ethereum’s market cap fell 4.5% and 4.8% to $431.98 billion and $191.66 billion, respectively. The top 10 crypto assets recorded…

[ad_1] Ad The profit and loss of staked Ethereum (ETH) indicates that there will be less selling pressure when the staked ETH tokens are unlocked in the Shanghai upgrade, crypto analytics platform CryptoQuant said. There have been concerns that the staked ETH unlock will result in these tokens flooding the market and creating high selling…

[ad_1] Quick Take Over $200M of long liquidations were wiped out on March. 3, according to Coinglass. Over 90% of the liquidations were long. This was due to a build-up of Futures Open Interest which continued to increase as February was ongoing. Last week, CryptoSlate monitored the excessive build-up of Futures OI that exceeded 500k,…