Category: Latest news

[ad_1] Crypto firm Juno advised its customers to self-custody or sell their crypto assets due to uncertainty with its crypto partner in a Jan. 4 Twitter thread. The crypto firm advised this because it does not take personal custody of its users’ assets but relies on its crypto partner. While it did not reveal the…

[ad_1] The two halves of FTX ⁠— its debtors in the U.S. and its liquidators in the Bahamas ⁠— have agreed on an asset recovery plan according to a Jan. 6 press release. John J. Ray III, FTX’s CEO and Chief Restructuring Officer, said that although discussions will continue, many issues have been settled. He…

[ad_1] Crypto lending firm Vauld has rejected a long-standing acquisition offer from its larger competitor, Nexo, according to various reports on Jan. 5. In a private letter, Vauld co-founder and CEO Darshan Bathija told Nexo that his company would reject a final proposal put forward by Nexo. Vauld said that Nexo had failed to provide…

[ad_1] The biggest news in the cryptoverse for Jan. 6 saw Huobi announce mass layoffs. Meanwhile, former FTX CEO Sam Bankman-Fried has insisted on controlling his shares of Robinhood. Plus, developments around Mt. Gox, Gopax, and Poolin and research on Bitcoin’s implied volatility. CryptoSlate Top Stories Huobi confirms lay-offs amid rampant FUD over operational stability…

[ad_1] Shahaf Bar-Geffen, the CEO of COTI, said Djed is an overcollateralized stablecoin and not an algorithmic stablecoin. During COTI’s first update of 2023, Bar-Geffen took the opportunity to make clear that the soon-to-be-launched Djed stablecoin is to be referred to as an overcollateralized stablecoin, despite it operating on an algorithmic design. How does Djed…

[ad_1] The crypto derivatives market has grown so big in the past few years that it can be used as an indicator of future price movements. Bitcoin options have captured the crypto industry and have quickly turned into mature products whose movements have the power to sway the rest of the market. Just like in…

[ad_1] FTX founder Sam Bankman-Fried wants to retain control of Robinhood shares worth $450 million on the basis that the bankrupt exchange has no “legal claims” over the assets, according to a Jan. 5 court filing. SBF said he and Gary Wang originally owned the shares. He added that the shares are not owned by…

[ad_1] Crypto exchange Huobi saw $94.2 million in net outflows over the last seven days –$60 million (63.8%) of the outflows were recorded in the previous 24 hours — according to Nansen data. DeFillama’s data shows that the exchange’s outflow in the last 24 hours had exceeded $70 million as of press time. The data…

[ad_1] South Korean exchange Gopax needs to repay customers roughly $471 million in deposits locked up in Genesis Trading — which could be lost if Binance acquisition falls through. Binance reportedly completed due diligence for the acquisition of Gopax on Jan. 2, and purchased a stake in Gopax’s largest shareholder, Lee Jun-hang, who owns 41.2%…

[ad_1] The cryptocurrency market cap saw net outflows of $6.93 billion over the past 24 hours and currently stands at $812.66 billion — down 0.86% from $819.59 billion. Bitcoin’s market cap decreased 0.59% to $322.33 billion from $323.94 billion, while Ethereum’s market cap fell  0.86% to $152.17 billion from $153.30 billion. In the last 24…