Category: Latest news

—

by

[ad_1] The biggest news in the cryptoverse for Jan. 11 saw Avalanche announce a partnership with AWS as Silvergate revealed that it received a $4.3 billion bailout from a San Francisco Bank. Meanwhile, Robinhood is delisting and selling its BSV, WazirX has published its proof-of-reserves report, and FTX has recovered $5 billion. Plus, research on…

WazirX publishes proof of reserves of assets worth $285M

—

by

[ad_1] Indian-based crypto exchange WazirX has published its Proof-of-Reserves (PoR) report, which shows it holds about $285 million worth of crypto assets. In the wake of the FTX collapse, several crypto exchanges, including Binance, Kraken, and OKX have moved to increase their transparency by publishing their proof-of-reserve reports. In the same light, the WazirX exchange…

Silvergate received a $4.3B bailout after FTX collapse

—

by

[ad_1] Silvergate Bank received $4.3 billion from the San Francisco-based Federal Home Loan Bank last year, following the collapse of crypto exchange FTX, according to the firm’s Q4, 2022 flings. Silvergate’s business model focuses on providing banking services to crypto exchanges and investors. Around 90% of the bank’s deposits come from crypto. At the end…

Robinhood to market sell BSV after delisting Craig Wright’s Bitcoin variation

—

by

[ad_1] Users of the popular stock and crypto trading app Robinhood are reacting to the announcement that the platform will delist Craig Wright’s Bitcoin SV (BSV) on Jan. 25. A Robinhood spokesperson further told CryptoSlate that any BCV held on the platform by customers after the deadline will be “sold at market value and credited…

Bitcoin worth $120M withdrawn from exchanges on Jan. 10

—

by

[ad_1] Around $120 million worth of Bitcoin (BTC ) was withdrawn from crypto exchanges on Jan. 10, according to Glassnode’s data. Roughly $50 million of the withdrawals came from Binance, while $30 million was pulled from Coinbase. Source: Glassnode The above chart shows that there have been more BTC outflows than inflows on crypto exchanges…

Four US lawmakers ask court to appoint independent examiner for FTX

—

by

[ad_1] Four US Senators urged the court to appoint an independent examiner to look into the activities of bankrupt crypto exchange FTX in a Jan. 9 bipartisan letter. The lawmakers argued that the firm presently tasked with the work, Sullivan & Cromwell, previously advised FTX on various legal matters, including “acquisition transactions and specific regulatory inquiries related…

GMX daily fees soar over 1100% to $2.11M

—

by

[ad_1] GMX — the native token of the decentralized exchange (DEX) GMX — daily fees hit $2.11 million on Jan. 9 on the back of margin trading volume on Avalanche and Arbitrum. The huge surge in fee volume — second only to Ethereum for the day — occurred just five days after a GMX whale…

BlockFi creditors appeal court to redact their information

—

by

[ad_1] BlockFi creditors want the court to redact their personal information, according to a Jan. 10 court filing. The creditors argued that the redaction of their information would protect them from “hacking, identity theft, and harassment” risks in the crypto space. According to the filing, BlockFi would lose its potential clients’ trust if this information…

AI narrative holds firm as SingularityNet leads top gainers

—

by

[ad_1] The cryptocurrency market cap saw net inflows of $5.61 billion over the last 24 hours and currently stands at $857.72 billion — up 0.7% from $852.11 billion. Bitcoin’s market cap increased by 1% to $335.83 billion from $332.23 billion, while Ethereum’s market cap grew 0.4% to $163.4 billion from $162.6 billion over the reporting…

Thailand SEC to probe Zipmex over unregistered earn products

—

by