Category: Latest news

[ad_1] Bitcoin (BTC)  began the year risk-off — as seen in the Futures Open Interest (OI) Crypto-Margined metric displayed below. Bitcoin: Percent Futures Open Interest crypto-Margined metric – Source: Glassnode.com The decline in BTC Futures OI percentage seen from July 2021 into 2022 portrayed a recovery into a risk-on narrative throughout 2022. However, starting at…

[ad_1] The Bahamas Securities Commission (SCB) said FTX’s leadership was impeding its investigations by denying the court-appointed Joint Provisional Liquidators (JPL) access to the bankrupt firm’s systems, according to a Jan. 2 press release. The SCB also accused FTX’s CEO John Ray III of false statements that could promote mistrust of public institutions in the…

[ad_1] Lee Jung-hoon, the former chairman of the crypto exchange Bithumb, was acquitted by a South Korean court on Jan. 3. The 34th Division of the Criminal Agreement of the Seoul Central District ruled that the evidence presented was insufficient to incriminate Jung-hoon, as per a local news report. Jung-Hoon was accused of violating the…

[ad_1] Bitcoin’s mining difficulty fell 3.6% at 3:49 a.m. UTC on Jan. 3. The difficulty change suggests that a fraction of Bitcoin (BTC) miners withdrew from the network — most likely due to reduced mining profitability, according to the latest data from Bitrawr. Fluctuations in the price of BTC are unlikely to be the reason…

[ad_1] Three users of Gemini Earn filed a class arbitration case against Genesis Global Capital, Digital Currency Group (DCG), and Genesis Global Trading, with the American Arbitration Association on Dec. 30. Winklevoss twins-owned crypto exchange Gemini offered an ‘Earn’ program where user assets were lent out to Genesis Global Capital, allowing users to earn interest.…

[ad_1] Dogecoin-rival Bonk sees explosive growth to post 380% gains since the start of the new year. Buoyant price performance pushed the token to a new all-time high of $0.000000972799 in the early hours (UTC) of Jan. 3. Scant details are available on the token. For example, the whitepaper appears unlinked on the website as…

[ad_1] Bankrupt firm Three Arrows Capital’s co-founder Zhu Su alleged that Digital Currency Group (DCG) and FTX conspired to attack Terra LUNA and staked Ethereum (stETH) in a Jan. 3 Twitter thread. The hedge fund co-founder said this was possible because of the close relationship between Sam Bankman-Fried and DCG CEO Barry Silbert. According to Zhu…

[ad_1] In the last 30 days, $6.2 billion worth of BinanceUSD (BUSD) was withdrawn from exchanges, according to Glassnode data as analyzed by CryptoSlate. The chart below represents the exchange net position change of BUSD on exchanges. The green spikes indicate a BUSD inflow, while the red ones represent an outflow. According to the chart,…

[ad_1] Justin Sun has stated that the crypto exchange Huobi is not carrying out mass layoffs, according to a report from the South China Morning Post on Jan. 2. The South China Morning Post cited earlier reports from the Chinese business news outlet Jiemian, which obtained an internal statement from Sun. That report, presumably written…

[ad_1] Gemini co-founder Cameron Winklevoss accused Digital Currency Group (DCG) CEO Barry Silbert of bad faith tactics over the $900 million debt owed by Genesis trading to Earn users. In a Jan. 2 open letter, Winklevoss said Silbert employed stalling tactics and refused to meet stakeholders to resolve issues surrounding the situation. The exchange co-founder…