Category: Latest news

[ad_1] A digital pound could be launched in the U.K. as part of the country’s effort to introduce better regulation to the crypto industry. Jeremy Hunt, the Chancellor of the Exchequer, announced that the government will begin exploring a central bank digital currency in the coming weeks. Hunt said that the U.K.’s financial regulatory framework…

[ad_1] Crypto.com, has published its audited Proof of Reserves, allowing users to verify that their crypto assets are fully backed (1:1) on its platform, as announced by the firm and its CEO, Kris Marszalek, on Dec. 9. As promised, our audited Proof of Reserves. Mazars Group, a reputable audit firm, confirmed that our on-chain reserves…

[ad_1] FTX former CEO Sam Bankman-Fried supports restarting the bankrupt exchange by issuing new FTT tokens to creditors and giving 100% profits to token holders. I continue to think that this would be a productive path for parties to explore! I *hope* that the teams in place will do so. — SBF (@SBF_FTX) December 9, 2022…

[ad_1] The cryptocurrency market cap saw net inflows of $18.77 billion and currently stands at $861.04 billion — up 2.2% from $842.27 billion over the last 24 hours. Over the reporting period, Bitcoin’s market cap grew 2.3% to $331.63 billion from $324.04 billion. Meanwhile, Ethereum’s market cap increased by 3.7% to $157.57 billion from $151.90…

[ad_1] Binance Labs, the venture capital and innovation arm of Binance, has announced that it is leading private round II funding for GoPlus Security, a company that provides open, permissionless, user-driven security services for the Web3 environment. GoPlus’s multidimensional risk detection covers most major blockchain networks, making it a key player in the growing field…

[ad_1] Canadian businessman and investor Kevin O’Leary revealed on Dec. 8 in an interview with CNBC that he lost all of the $15 million FTX paid him to represent the now-defunct crypto exchange. BREAKING ‼️Kevin O’Leary got paid $15 Million to be FTX spokesperson. That money belongs to FTX customers. 🤨 — Bitcoin Archive 🗄🚀🌔…

[ad_1] General access for staking in the community pool for prominent oracle network Chainlink filled up within two hours of its launch. At press time, all allowed 22,500,000 LINK tokens worth around $15.84 million have been staked. General Access to Chainlink Staking v0.1 is now open! Stake your #LINK and earn rewards for helping secure…

[ad_1] The biggest news in the cryptoverse for Dec. 7 includes U.S. banking committee arguing SBF ‘must answer ‘ for FTX, Do Kwon questions SBF involvement in Terra collapse, Celsius gives hopes of withdrawals, EthereumMAX lawsuit thrown out, and more. CryptoSlate Top Stories The US senate banking committee in a Dec. 7 letter to Sam Bankman-Fried said…

[ad_1] Crypto-friendly Signature Bank (SBNY) announced that it would shrink its deposits tied to crypto assets by $8 – $10 billion. SBNY’s decision indicates that the bank might be distancing itself from the crypto industry. SBNY’s CEO Joe DePaolo commented on the decision and said: “We are not just a crypto bank and we want…

[ad_1] South Korea-based exchange Upbit has cautioned its users against investing in WAVES due to its high volatility resulting from the USDN depegging. USDN is an algorithmic stablecoin backed 1:1 by WAVES. However, since USDN lost its peg below $0.8 on April 5th, it has failed to regain its peg, which has increased the price…