Category: Latest news

[ad_1] Binance said on Dec. 12 that Reuters falsely stated that the U.S. Department of Justice is looking to prosecute Binance over money laundering changes. In the statement, Binance claimed that Reuters was “attacking our incredible law enforcement team” as the company shared the press release sent to Reuters. The company also shared a new…

[ad_1] As rumors about Argo’s possible bankruptcy continue to spread, more information about what caused the company’s troubles are unraveling. The U.S.-based Bitcoin mining company has seen its shares plummet in the second half of the year as it struggled to keep a positive cash flow. In October, Argo failed to secure a $27 million…

[ad_1] Tron’s USDD stablecoin has lost its peg as its price dipped to $0.97, sparking fears of another UST collapse. The Tron-based algorithmic stablecoin launched on May 5, and its market cap currently stands at roughly $708 million. Tron founder Justin Sun said USDD would be over-collateralized by low-volatile assets like USDT, USDC, Bitcoin, to avoid a…

[ad_1] Ray Youssef, CEO and co-founder of Paxful, announced plans to remove Ethereum from the platform and said that the “revenue is nice but integrity trumps all.” The comment came in response to an assessment from Jeremy Garcia, the CEO of Bitcoin education site Satoshi’s Journal, who blasted Ethereum as “poorly designed” and uncompliant with…

[ad_1] CryptoSlate analysts looked into Ethereum (ETH) wallets of all sizes to reveal that most categories have recorded exponential growth during the month of November. Crabs Investors holding up to 10 ETH are called “Crabs.”  The chart below shows the number of these investors since January 2018 with the blue line. ETH Crab addresses The…

[ad_1] Haseeb Qureshi, the Managing Partner at Dragonfly Capital, discussed the potential consequences of Genesis going into liquidation on a recent episode of Unchained’s “The Chopping Block.” 1/ On a recent episode of Unchained’s The Chopping Block, @hosseeb makes a surprising comment about the $1.1 billion DCG-Genesis promissory note. He says the 10 year note…

[ad_1] Asian VC firm Sora Ventures has announced it is moving its business to Taipei in Taiwan in favor of “a very crypto-friendly environment.” Sora Ventures was previously based in Hong Kong and other areas of Asia. Sora is, however, far from bearish on the Chinese crypto industry. Speaking recently on CryptoSlate’s SlateCast, the Managing…

[ad_1] Sam Bankman-Fried (SBF), the former CEO of the now-collapsed FTX crypto exchange, has said that he hopes to start a new business to generate funds to pay back victims of the company’s collapse. SBF wants to start a new biz? To the @BBC: "I’m going to be thinking about how we can help the…

[ad_1] Changpeng Zhao (CZ), the CEO of Binance, has addressed concerns surrounding the investigation into “abnormal price movements” for some trading pairs on the exchange. Based on our investigations so far, this appears to be just market behavior. One guy deposited funds and started buying. (Hackers don’t deposit). Other guys followed. Can’t see linkage between…

[ad_1] CryptoSlate’s analysis of Glassnode charts showed that Bitcoin’s (BTC) realized losses in 2022 were almost twice the size of realized profit. Bitcoin realized losses top $195 billion According to the chart, Bitcoin had a realized loss of $195 billion in 2022. This means that several holders sold their BTCs for less than they bought them.…