Category: Uncategorized

[ad_1] With the crypto industry struggling through a record bear market situation, one asset that has polarized analysts is Coinbase stock which has fallen to new lows. Bitwise Invest Chief investment officer Matt Hougan thinks Coinbase stock is undervalued despite falling significantly in 2022. According to Hougan, Coinbase raised money at a valuation of $8…

[ad_1] The collapse of FTX left a gaping hole in the crypto market. The failed exchange accounted for a significant chunk of the global trading volume and kept Binance from becoming the de facto ruler of the market. With FTX now gone, Binance took the throne and became the largest and potentially the most important…

[ad_1] Long Bitcoin (BTC) positions were much more dominant in 2022 than short ones, according to CryptoSlate’s analysis of glassnode data. Since Jan. 25, there were 270,000 long and 159,000 short BTC liquidations this year. The yearly sum of BTC liquidations The chart above demonstrates the sum of all BTC liquidations across all exchanges. The…

[ad_1] Bitcoin accumulation has softened significantly but as 2022 draws to a close, the U.S. is buying more BTC than any other region, according to CrytoSlate’s analysis of Glassnode data. A similar pattern of accumulation and distribution was noted with Ethereum. Bitcoin accumulation and distribution by region The chart below depicts Bitcoin accumulation and distribution by…

[ad_1] CleanSpark’s hash rate hit 6 EH/s on Dec. 21, compared to 2 EH/s on Dec. 31, 2021 — marking a 3x increase on an annual basis. The company hit its year-end goal for the hash rate and said it expects to hit 16 EH/s by the end of 2023. 2022 financial highlights CleanSpark mined…

[ad_1] The biggest news in the cryptoverse for Dec. 15 includes SBF’s extradition to US approved, Deribit transferred 10k ETH to Alameda, Core Scientific files for Chapter 11 and more in this CryptoSlate Wrapped Daily. CryptoSlate Top Stories SBF to return to U.S. immediately in hopes of securing bail FTX founder Sam Bankman-Fried should be…

[ad_1] Publicly traded crypto miner Core Scientific filed for Chapter 11 bankruptcy protection on Dec. 21 at the Southern District of Texas bankruptcy court. According to court documents, the miner has liabilities between $1 billion- $10 billion. It has over 1,000 creditors, with the largest unsecured claim owed to B. Riley Financial –the bankrupt firm…

[ad_1] Solidus Labs’ 2022 Rug Pull report revealed that 8% of all Ethereum (ETH) tokens and 12% of all BNB Chain tokens are rug pull scams. The report considers data from Jan. 1 to Dec. 1, 2022, and also detected over $11 billion worth of ETH transactions were either directly linked to scam tokens or…

[ad_1] The Human Rights Foundation’s Bitcoin (BTC) Development Fund announced that it spent $325,000 in total to support 12 different developers. Developers known as Gleb Naumenko and Furszy were granted $50,000 each, marking the highest amount received by the Foundation in this round. The fund said that Naumenko deserved the amount for his work on…

[ad_1] The final trial between computer scientist Craig Steven Wright (CSW) and crypto podcaster Peter McCormack took place in London on Dec. 20 and ended, indicating a potential victory for McCormack. Source: BitMEX Research The judge’s final decision is said to be published on Dec. 21. However, the judge said that CSW had been dishonest…