Category: Latest news

[ad_1] A Twitter spat erupted as Input Output CEO Charles Hoskinson commented over alleged SEC corruption, deriding the claim that the securities regulator singled out Ripple and the XRP token. John E. Deaton started the thread, asserting the lack of regulatory clarity on cryptocurrencies is an own goal for the U.S. This train of thought…

[ad_1] Bitcoin miner Canaan reported a fall in the third-quarter results with revenue seeing a fall of 25.8% from the year-ago quarter. Non-GAAP net income for the quarter was $23.4 million, a decrease of 71.7% from the same period in 2021. The company’s revenue for Q3 2022 was $137.5 million. However, mining revenue in Q3…

[ad_1] As most cryptocurrencies suffered heavy losses following the collapse of FTX last week, Trust Wallet Token bucks the trend, growing 58% over the last 24 hours. Since Nov 7, Trust Wallet Token increased in value by 113% to lead the top 100 tokens. This run of form has resulted in a new all-time high…

[ad_1] El Salvador’s President Nayib Bukele took to Twitter to proclaim the Bitcoin protocol as the opposite of FTX and likened FTX to a Ponzi scheme in the wake of the exchange’s collapse on Nov. 14. Bukele, a staunch promoter and believer of Bitcoin, said the flagship crypto was designed to prevent Ponzi schemes, bank…

[ad_1] Hbit Limited, a fully owned subsidiary of New Huo Technology, has approximately $18.1 million worth of assets stuck on FTX, which filed for bankruptcy last week, according to Nov. 14 press release. Huobi Technology, which used to be an affiliate of Huobi Global before Justin Sun acquired the exchange, was rebranded New Huo Technology…

[ad_1] Binance CEO Changpeng ‘CZ’ Zhao revealed on Nov. 14 that the exchange would launch an industry recovery fund to help strong projects in a liquidity crisis. To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis. More…

[ad_1] The recent crash of FTX has led to massive capitulation for major cryptocurrencies, with Bitcoin (BTC) trading as low as $15,682 during the last seven days. However, the decline of the flagship digital asset has not deterred investors as on-chain data showed that all major categories of Bitcoin investors  — whales, crab, and shrimps…

[ad_1] Huobi has addressed the concerns raised as a result of Wu Blockchain’s tweet that highlighted over 10,000 ETH being moved out of the Huobi 34 wallet. Huobi explained that a part of the publicized address is the hot wallet address and assured those concerned that the firm guarantees the security of user assets, 100%…

[ad_1] The Twitter community is on fire, discussing hidden motives behind asset transfers between Crypto.com and Gate.io that took place in October. The exchange’s CEO Kris Marszalek responded to speculation and said the transfer was done accidentally and had since been reverted. It was supposed to be a move to a new cold storage address,…

[ad_1] St. Kitts and Nevis Prime Minister Terrance Drew announced that BCH will become legal tender in the country by March 2023 during a BCH conference in St. Kitts and Nevis. He added that the country will also look into mining BCH and welcomes dialogue and exploration of “future opportunities” with the cryptocurrency. The Prime…