Category: Latest news

[ad_1] Daily crypto trading volume on Binance sunk to $9.39 billion on Dec. 23, its lowest since October 2020, according to data from Nomics. Compared to Nov. 8, when daily trading volume on Binance crossed $172 billion, the latest data suggests a drop of over 94.5% in the past 24 hours. With the upcoming holiday…

[ad_1] On the Waves Tech weekly community AMA on Dec. 23, Waves CEO Sashi Ivanov revealed the USDN revival plan, involving turning USDN into a multi-collateralized asset, a soft-pegged asset — WINDX. This move will transform USDN into a “soft-peg” stablecoin, meaning that it will fluctuate around the value of $1, potentially a little higher…

[ad_1] The US SEC general counsel Dan Berkovitz will leave his role by Jan. 31,  according to a Dec. 22 statement. Washington Examiner reported that Berkovitz “wined and dined” in 2021 with the disgraced FTX founder Sam Bankman-Fried at a luxury Indian restaurant in Washington. Then, the regulatory chief was a Commodity Futures Trading Commission…

[ad_1] Crypto influencer Hodlonaut announced that the Norwegian court had accepted Craig Steven Wright’s (CSW) appeal calling for a new trial.  The new trial will be a complete rehearing, not just a re-visit of the final decision. Unfortunately, Hodlonaut didn’t disclose a date for this trial. CSW vs. crypto influencers CSW started to claim that he…

[ad_1] Bitcoin’s (BTC) value has risen by roughly 3% since FTX filed for bankruptcy on Nov. 11, according to CryptoSlate data. Bitcoin, gold up 3% Bitcoin traded at a low of $15,742 on Nov. 10, when FTX was dealing with a bank run that eventually led to its collapse. During this period, retail traders withdrew…

[ad_1] The ongoing bear market did little to curb the rising use of stablecoins. On the contrary, dollar-pegged coins like USDT and USDC saw a parabolic growth in market cap this year, becoming a defacto settlement currency of the crypto industry. Following the collapse of Terra and its algorithmic stablecoin UST, the two stablecoin giants…

[ad_1] Leading crypto exchange OKX has published the second update of its proof-of-reserves (PoR), with a promise to update on a monthly basis. Following the collapse of FTX, crypto exchanges including OKX and Binance have moved to improve their transparency by publishing PoR reports. OKX published the first version of its first proof of reserves…

[ad_1] FTX and Alameda Research are attempting to secure ownership of Robinhood stock worth over $440 million, based on a court filing dated Dec. 22. According to the text of the filing, Emergent Fidelity Technologies currently holds about 56 million Robinhood shares (HOOD). Emergent Fidelity Technologies is 90% owned by Sam Bankman-Fried, the former CEO…

[ad_1] The biggest news in the cryptoverse for Dec. 22 is dominated by FTX news as SBF lands in the US and is granted bail pursuant to house arrest, Caroline Ellison takes plea deal to avoid jail, Tornado Cash could be back and more in this CryptoSlate Wrapped Daily. CryptoSlate Top Stories SBF granted highest…

[ad_1] The Federal Reserve Bank of Boston and MIT announced on Dec. 22 that their CBDC research effort, Project Hamilton, is now complete. That initiative aimed to research the technical feasibility of a central bank digital currency or CBDC. Such an asset would be tied to the value of the U.S. dollar and issued by…