Category: Latest news

[ad_1] The biggest news in the cryptosphere for Oct. 3 includes, Binance burning 5.5 billion LUNC tokens, Tether reducing its commercial paper holdings below $50 million, and Transit Swap hacker returning over 70% of stolen funds. CryptoSlate Top Stories Binance burns $1.9M LUNC tokens Binance used trading fees worth approximately $1.9 million to burn 5.5…

[ad_1] Partner and member of Crowell & Morning’s International Trade and White Collar & Regulatory Enforcement Groups, Carlton Greene, and Counsel in the International Trade and the White Collar & Regulatory Enforcement Groups, Anand Sithian, joined CryptoSlate to talk about the implications of the Office of Foreign Assets Control’s (OFAC) sanctions on Tornado Cash (TORN).…

[ad_1] Bitcoin’s (BTC) hashrate has spiked to a new all-time high amid the current bear struggles of the broader crypto market. According to Glassnode data, as analyzed by CryptoSlate, BTC’s hashrate touched 244.25 EH/s on Oct. 3. Bitcoin mean hash rate (Source: Glassnode) In the seven days, the miners responsible for most of the hashrates…

[ad_1] American Celebrity Kim Kardashian has agreed to pay $1.26 million to the U.S. Securities and Exchange Commission (SEC) in settlement of claims that she promoted the sale of unregistered securities token EMAX. According to the SEC, Kardashian was paid $250,000 by EthereumMAX to promote the EMAX token to her Instagram followers (now over 330…

[ad_1] Insider information on Tether’s reserve revealed that as of Sept. 30, the shadlecoin issuer had increased its U.S. Treasury bills to 58.1% of its reserves while reducing its commercial paper exposure to below $50 million. According to the last official report on June 30, about 43.5% of Tether’s assets — roughly $28.8 billion —…

[ad_1] FTX CEO Sam Bankman-Fried said his firm would pay a “fair market price” for Celsius’ assets if it gets involved in the bankrupt lender acquisition process in an Oct. 2 tweet. to be clear — in Voyager, our bids are generally determined by fair market price, no discounts; goal isn’t to make money buying…

[ad_1] Bitcoin’s reputation as a safe haven asset has long been disputed by the world of traditional finance. Its lack of centralized control, extreme price volatility, and novelty made it hard to categorize as inflation-proof or recession-proof. However, in the past year we’ve seen that in times of uncertainty, investors keep choosing Bitcoin over fiat.…

[ad_1] Macro Overview Markets unprepared for a new era The era of financial repression after the GFC that has seen rapidly inflated asset values and rate expectations of 0 has unraveled since the pandemic ended. Since the Second World War, the most significant fiscal stimulus package has contributed to supply chain failures and surges in…

[ad_1] TechCrunch has released information stating that the parent company of the Uniswap DEX, Uniswap Labs, is preparing for a new $100 million funding round to expand its offering. “Uniswap Labs is in early stages of putting together a new round…as the parent firm of the popular eponymous decentralized protocol gears up to broaden its…

[ad_1] Celsius’ Committee of Unsecured Creditors has filed a motion asking the bankruptcy court to issue a subpoena to EquitiesFirst Holdings (EHF) for failing to repay approximately $439 million owed to Celsius Network. EquitiesFirst is an institutional lending platform Celsius worked with between October 2019 and February 2021 to support its business through collateralized loans.…