Category: Latest news

[ad_1] The year 2022 marked the start of a new crypto winter, with major crypto companies collapsing and digital currency prices plummeting, including Bitcoin. In addition, interest rate increases and general economic negativity are causing investors to worry. The fundamentals of Bitcoin remain strong despite all of these. Let’s take a look at some of…

[ad_1] Over the past decade, private cryptocurrencies have emerged as the latest iteration of money. This is especially true for stablecoins, which Harvard Business Review deemed “a private form of money,” offering an efficient alternative to state-sanctioned fiat. While a common industry narrative seeks to portray cryptocurrencies as separate from the legacy system, a degree…

[ad_1] The biggest news in the cryptoverse for Jan. 9 saw Voyager strike back against objections to Binance.US’ attempted buyout of its assets. Meanwhile, a Forbes report has drawn attention to Binance’s high outflows, and $1.57 million of funds linked to a 2022 Nomad exploit have moved over Tornado Cash. Plus, new research on two…

[ad_1] Bankrupt Bitcoin (BTC) miner Core Scientific saw its production rise by over 5% in December to 1,435 BTC from 1,356 BTC recorded in November, according to a Jan. 9 press statement. During this period, Core Scientific said its self-mining hash rate rose to 15.7 EH/s from 15.4 EH/s. Meanwhile, the miner added that its…

[ad_1] Crypto asset manager Osprey Funds, which manages the Osprey Bitcoin Trust (OBTC), is operating with less than 10 employees after layoffs, Yahoo Finance reported on Jan. 9 citing sources familiar with the matter. The crypto product issuer laid off 15 employees and became the latest to cut jobs amid the bear market. Osprey Funds…

[ad_1] Mango Markets exploiter Avraham Eisenberg is facing one more set of charges, as outlined in a complaint filed by the CFTC on Jan. 9. In that complaint, the Commodity Futures Trading Commission (CFTC) alleges that Eisenberg manipulated the price of swaps on the DeFi platform Mango Markets. By engaging in artificial price inflation, Eisenberg…

[ad_1] Binance has experienced a significant outflow of assets in the past two months, a recent report from Forbes found. Forbes analysts dove deep into Binance’s wallets and found that the exchange saw around $12 billion of outflows since November. Aside from the massive outflows, the report finds the discrepancy between reports of Binance’s holdings troubling.…

[ad_1] The Huobi South Korean subsidiary, Huobi Korea, is set to operate as an individual entity after cutting its ties with Huobi Global, according to a report from Korean news outlet News1.  Leon Lin, the founder of Huobi Global, owned more than half of Huobi Korea. Among the next major shareholders are Huobi Korea Chairman…

[ad_1] The criminal investigation into the fraud committed by the FTX exchange and its CEO Sam Bankman-Fried could be a lot more complex than lawmakers anticipated. Prosecutors in the U.S. District Court for the Southern District of New York have reportedly said that the case was “so sprawling” it could exhaust the resources of the…

[ad_1] Bitcoin short liquidations continue to pile up as BTC moves higher. Coinglass showed that $53.24 million in shorts were liquidated since the turn of the year. By contrast, $11.98 million in longs were liquidated over the same period. The four-hour chart showed the divergence between shorts and longs taking effect predominately on Jan. 8…