Category: Latest news

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[ad_1] E-commerce giant Amazon is launching an NFT initiative focusing on blockchain gaming and related NFTs in the spring of 2023, according to a Blockworks report. The initiative is still in the development stage, but the deadline for the launch is set as April, according to information from four anonymous individuals shared with Blockworks. One…

ETH 2.0 Total Value Staked by Provider hits 11.5M

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[ad_1] Definition The total amount of ETH transferred to the ETH2 deposit contract via staking providers. Quick Take As of press time, roughly 11.5 million ETH is staked via staking providers. Lido holds 42% of the staked ETH. Meanwhile, centralized exchanges Coinbase, Kraken and Binance hold 18%, 11% and 9% of all staked ETH, respectively.…

SEC re-declines Bitcoin ETF from ARK, 21Shares

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[ad_1] The U.S. Securities and Exchange Commission (SEC) has rejected a Bitcoin spot ETF from ARK and 21 Shares, as indicated in a Jan. 26 filing. Cboe BZX intended to list the planned ETF. The exchange’s proposed rule change, which would have allowed the listing, was specifically rejected today. The SEC said that Cboe BZX…

SBF family, associates refuse to cooperate in FTX bankruptcy case as arrest details emerge

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[ad_1] Associates and family members of Sam Bankman-Fried are refusing to cooperate in FTX’s bankruptcy case, according to a court filing dated Jan. 25. SBF associates not cooperating Following its collapse last November, the once-leading crypto exchange FTX entered bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Delaware. Now, as part of…

FTX reveals creditors; U.S. man spends BTC on hitmen

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[ad_1] The biggest news in the cryptoverse for Jan. 26 saw defunct crypto exchange FTX reveal its full list of creditors. Elsewhere, a Washington man has been sentenced to prison for hiring hitmen with Bitcoin. Plus, Coinbase has been fined $3.6 million by Netherlands regulators, U.S. senator Elizabeth Warren has called on the SEC to…

Riding an electric wave Litecoin’s hashrate hits all-time high

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[ad_1] Litecoin (LTC )has been one of the best-performing big-cap tokens over the last several months, and its hashrate just hit a new all-time high, signaling some potential bullish activity on the network. After falling to a low of $40.60 back in July 2022, LTC has risen by more than 125% from its 2022 low,…

Moody’s eyeing a scoring system for stablecoins

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[ad_1] Moody’s Corp., one of the world’s leading rating agencies, will start looking at how it can ascertain the risk and health of stablecoins, Bloomberg News reported Jan. 26. The need to rate stablecoins comes amidst renewed pressure from governments and regulators around the world. The agency’s scoring system will have an analysis of up to…

NFTs accounted for 28% of the ETH gas usage in January

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[ad_1] CryptoSlate analysts examined the gas usage shares of different transaction categories on the Ethereum (ETH) network and found that the NFTs category accounted for 28% in the first month of the year. The analysis divides all transactions on the ETH network into eight categories as Vanilla, ERC20, Stablecoins, DeFi, Bridges, NFTs, MEV Bots, and…

As Bitcoin and Ethereum continue rally, capitulation severity has lessened

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[ad_1] Definition Net Unrealized Profit/Loss is the difference between Relative Unrealized Profit and Relative Unrealized Loss. This metric can also be calculated by subtracting realized cap from the market cap and dividing the result by the market cap. Quick Take Bear market bottoms occur when capitulation occurs, even when the strongest hands sell due to…

Conflux surges 60% following integration with China’s Little Red Book

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