Category: Latest news

[ad_1] 1.The challenge for modern blockchain data stack There are several challenges that a modern blockchain indexing startup may face, including: Massive amounts of data. As the amount of data on the blockchain increases, the data index will need to scale up to handle the increased load and provide efficient access to the data. Consequently,…

[ad_1] Bitcoin (BTC) whales have been selling their assets aggressively while retail investors have been accumulating the coins simultaneously throughout 2022. Bitcoin whales are defined as holders with more than 1,000 BTC, while retail traders are holders with one BTC or less. CryptoSlate’s previous research highlighted that retail investors’ BTC holdings since 2018 have doubled…

[ad_1] On Dec. 24, Andre Cronje, who rejoined the Fantom Foundation as an architect in November, posted a performance review of Fantom (FTM) in 2022. Cronje had left the crypto and decentralized finance (DeFi) world in March, sparking an uproar at the time. As per the data from FTMScan shared by Cronje, the yearly growth…

[ad_1] Federal Judge Ronnie Abrams, who was assigned to oversee the high-profile criminal trial of former FTX CEO Sam Bankman-Fried (SBF), recused herself from the case on Dec. 23. In a court order, the federal judge for the US District Court for the Southern District of New York cited possible conflict of interest as the…

[ad_1] Public Bitcoin (BTC) mining companies collectively have liabilities that amass to over $4 billion, according to Hashrate Index. Owing the most in liabilities, Core Scientific debt sat at approximately $1.3 billion on Sept. 30, according to a company statement. Source: Luxor Mining The BTC mining industry has seen significant fluctuations during this bear market…

[ad_1] A top Armanino executive defended auditing work that his company performed for FTX.US during an interview published by the Financial Times on Dec. 23. Armanino’s chief operating officer, Chris Carlberg, suggested that the company felt assured about its quality of services to the American branch of FTX. Carlberg stated: “We definitely stand by the…

[ad_1] FTX associate Caroline Ellison admitted during her plea deal that she concealed billions of dollars worth of loans, according to a Reuters report on Dec. 23. As the former CEO of Alameda Research, Ellison reached an arrangement with former FTX CEO Sam Bankman-Fried that allowed FTX to borrow funds from Alameda without limit. The…

[ad_1] Total Value Locked (TVL) in decentralized finance (DeFi) platforms stood at $69.95 billion, as of Nov. 30. Ethereum-based DeFi projects have a combined TVL of  $45.96 billion — 65.6% of all TVL in DeFi across crypto, according to data from DeFiLlama. BNB chain has the second largest amount of TVL at $6.94 billion —…

[ad_1] Russia’s cryptocurrency mining bill, which would legalize crypto mining and the sale of mined crypto, could be approved by January, according to a report by local news agency Tass on Dec. 23. The bill was introduced in the State Duma, the lower house of parliament, on Nov. 17, 2022. At the time, Anatoly Aksakov,…

[ad_1] Local sources reported that two men who were involved with the AAX investigation were arrested in Hong Kong on Dec. 23. According to local law enforcement, the individuals were arrested for suspicions of fraud and misleading police officers. AAX bankruptcy Weeks after the FTX collapse, on Nov. 28, AAX exchange’s Vice President Ben Caselin…