Category: Latest news

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[ad_1] U.S.-based crypto exchange Kraken has announced laying off 1,100 staff members, equating to 30% of its workforce, as a response to weathering crypto winter. The blog post, signed by CEO Jesse Powell, expressed regret in arriving at this decision. However, Powell said it was necessary to “adapt to current market conditions.” Staff affected by the cut…

[ad_1] Ethereum whales and sharks have been accumulating Ether (ETH) at a record rate since the FTX crash, Santiment reported on Nov. 30. 🐳🦈 #Ethereum‘s large key addresses have been growing in number since the #FTX debacle in early November. Pictured are the key moments where shark & whale addresses have accumulated & dumped. The…

[ad_1] The cryptocurrency market cap saw net inflows of $15.72 billion over the last 24 hours and currently stands at $852.9 billion from $837.18 billion — up 1.89% over the reporting period. Bitcoin and Ethereum’s market cap increased by 2.32% and 4.17% to $324.54 billion and $155.13 billion, respectively. All top 10 cryptocurrencies posted gains…

[ad_1] Binance has re-entered the Japanese market with its acquisition of Sakura Exchange BitCoin (SEBC), according to a Nov. 30 announcement. #Binance Acquires JFSA Registered Sakura Exchange BitCoin, Committed to Enter Japan Under Regulatory Compliancehttps://t.co/xfdnaY2hiO — CZ 🔶 Binance (@cz_binance) November 30, 2022 The Changpeng Zhao-led exchange revealed that it bought a 100% stake in…

[ad_1] Animoca Brands CEO Yat Siu said the company is working on setting up a fund of up to $2 billion to invest in metaverse businesses, according to NikkeiAsia. Animoca Capital Siu said that the fund will be called Animoca Capital and has not raised money yet, but is aiming for an amount between $1…

[ad_1] Despite posting a proof-of-reserves with neither asset breakdown nor wallet addresses, Nexo praised its risk engine as the sole reason for no bad debts. According to the Nov. 28 tweets, most exchanges were submitting proof of reserves but failing to prove whether their assets exceeded the liabilities.  The firm which was lucky to withdraw…

[ad_1] Coinbase Wallet announced Nov. 29 that it would stop supporting Ripple’s XRP, Bitcoin Cash (BCH), Ethereum Classic (ETC), and Stellar (XLM) on December 5. According to the exchange, it made this decision because the four blockchain networks have seen low usage. Coinbase said its decision does not mean users’ assets would be lost; instead,…

[ad_1] The biggest news in the cryptoverse for Nov. 29 includes exchanges dismissing rumors of insolvency, NEXO releasing proof of reserves, Andre Cronje revealing how DeFi helped Fantom grow its reserve, U.S. politician Beto O’Rourke returning a $1 million donation to Sam Bankman-Fried, and ETH erasing 80% of deflationary gains post-FTX collapse. CryptoSlate Top Stories…

[ad_1] Amidst increased bearish action on the cryptocurrency market, digital assets are offloading from exchanges and finding their way into cold wallets. However, the case is pretty different for Bitfinex’s stablecoin inflows, which according to onchain data provider Glassnode, Tether (USDT)  holdings on the exchange broke a fresh all-time high on Nov.29 and surpased $11…