Category: Latest news

[ad_1] The Association of Banks in Lebanon (ABL) announced an indefinite closure of all banks in the country on Sept. 22, as depositors are becoming aggressive about withdrawing their funds. Meanwhile, young Lebanese people are turning to crypto to escape the financial crisis, which has been driving adoption higher since 2021. Due to the economic…

[ad_1] Japan-based investment bank Nomura Holdings is launching a new crypto unit in Switzerland called Laser Digital. Nomura’s head of trading and investment Steven Ashley will step down from his current role to serve as Laser Digital’s chairman, while Nomura’s head of crypto Jaz Mohideen will serve as the unit’s CEO. Christopher Willcox, former head…

[ad_1] The biggest news in the cryptosphere for Sept. 21 includes Bitcoin tanking 6.5% after Fed announced a 75 bps rate hike, a court ordering Tether to provide documents on its reserves, and Ethereum Devs looking to enable withdrawals in the upcoming Shanghai upgrade. CryptoSlate Top Stories Developer consensus supports Ethereum withdrawals in upcoming Shanghai…

[ad_1] The U.S. Federal Reserve raised interest rates by 75 basis points after the Federal Open Market Committee (FOMC) meeting on Sept. 21, bringing the Federal Funds Rate to 3.25%. Bitcoin reacted with a 6.5% swing to the downside that bottomed at $18,600. Expectations of a “jumbo hike” fulfilled On Sept. 13, the Bureau of…

[ad_1] Riptide, a white hat hacker that discovered a vulnerability on Arbitrum, tweeted that his find was eligible for the max bounty reward of $2 million instead of the 400 ETH ($53,000) reward he got. No big deal just bridging a cool $470mm through the same Inbox contract 👀 Definitely should be eligible for a…

[ad_1] The international monetary fund (IMF) has called on regulators worldwide to work toward a coordinated effort to regulate the crypto market, as its effect has a far-reaching impact on global economies. According to the IMF in its recent September bulletin, the crypto market, which reached a global market capitalization of $3 trillion in Nov.…

[ad_1] Crypto investors are treading a tightrope this year, which looks to extend into the longest bear cycle in crypto history. This anxiety may seem worn out for crypto veterans, but have we entered completely new territory this year? First, let’s establish the proper point of reference by revisiting past bear cycles manifesting through Bitcoin…

[ad_1] BitGo said that Galaxy Digital’s decision to pull out of the merger deal has nothing to do with its financial statements but with Galaxy’s inability to finance the deal owing to its loss of over $661 million in the first half of 2022. On August 15, Galaxy Digital announced that it would terminate its…

[ad_1] Previous research conducted by CryptoSlate suggested the Ethereum Merge would be a buy-the-rumor, sell-the-news event. With that coming to pass, as ETH sunk 20% over the last seven days, what does a current analysis of the derivatives market reveal? Ethereum Futures Perpetual Funding Rate Perpetual Funding Rates refer to periodic payments made to or…

[ad_1] As the U.S. grows increasingly concerned about sanctions evasions via cryptocurrency, a new bill demands that Congress be notified of all crypto aid provided to Ukraine. The bill, which the House of Representatives deliberated on Sept. 19, has been titled “Russia Cryptocurrency Transparency Act.” The bill asks for the appointment of a Director of…