Category: Latest news

[ad_1] Tron founder Justin Sun has reportedly received 74 million HT tokens from Huobi’s official wallets. On Oct. 14, Sun told Bloomberg News that he owns “tens of millions of Huobi tokens. He confirmed to be one of the biggest holders of the HT tokens. In his capacity as a Huobi advisor, Justin Sun said…

[ad_1] Stablecoin issuer Tether has eliminated commercial papers from its USDT reserve, according to its latest reserve update. Tether announced on Oct. 13 that it has cut its commercial paper to zero and will invest more in U.S. Treasury Bills and short-term government-issued debt. Tether said: “Reducing commercial papers to zero demonstrates Tether’s commitment to…

[ad_1] China-backed researchers have called for establishing a pan-Asian digital currency to end the dominance of the U.S. dollar in the region, South China Morning Post reported on Oct. 13. According to the report, the economic conditions for creating a regional digital currency are now in place in East Asia. “More than 20 years of…

[ad_1] The total cryptocurrency market cap saw net inflows totaling $30.49 billion. As of press time, the industry’s market cap stood at $941.63 billion, up 3.13% over the last 24 hours. Bitcoin’s market cap grew 3.87% over the reporting period to $380 billion from $365.65 billion Ethereum’s market cap increased 3.23% to $162.85 billion from…

[ad_1] The biggest news in the cryptoverse for Oct. 13 includes Bitcoin falling by 3% as CPI data of 8.2% worsen fear of rate hikes, Binance allegedly filing inadequate financial reports in the UK, STEPN denying lay-off claims, and U.S. lawmakers demanding a probe of ERCOT for paying Bitcoin miners in Texas.  CryptoSlate Top Stories…

[ad_1] France’s OCLCTIC cyber-crime authorities apprehended a group of five NFT scam artists for allegedly stealing $2.5 million worth of NFTs via phishing with the help of on-chain sleuth ZachXBT, according to an Oct. 12  press release by BFM crypto in association with Paris à l’AFP. ZachXBT launched the investigation when holders of the limited-edition…

[ad_1] The Federal Reserve System’s Vice Chair for Supervision Michael Barr has called on federally regulated banks to be cautious while providing services to crypto firms. Barr, speaking at DC Fintech Week on Oct. 12, said that the Fed was working hard to find the right balance between promoting crypto market innovation and managing related…

[ad_1] Singapore-based crypto investment platform Pillow raised $18 million in Series-A funding on Oct. 13. The funding round was co-led by Accel, Quona capital, Elevation Capital, and Jump Capital. Accel is the top venture capital firm with the most Unicorn ownership, and Elevation Capital was a significant investor in Pillow during its seed round. Pillow…

[ad_1] Move-to-earn gaming company STEPN (GMT) on Oct. 13 denied claims of laying off staff. A spokesperson from STEPN reached out to CryptoSlate to clarify the rumors of layoffs. The spokesperson stated: “We deny the rumor that STEPN has been laying off staff due to the bear market. These are baseless claims that are factually…

[ad_1] DeFi protocols have lost roughly $718 million across 11 projects so far in October alone — a new monthly record with more than 15 days remaining, according to Chainalysis data. With about $3 billion lost to 125 hacks so far in 2022, Chainalysis predicts that the year will likely surpass 2021’s record of about…