Category: Uncategorized

[ad_1] CryptoSlate analysts examined the detailed proof-of-reserves of leading crypto exchanges outside of Coinbase and Binance. It revealed that Bitfinex holds the most significant Bitcoin (BTC) reserves, with $3.5 billion worth of BTC. The data was obtained on Dec. 16 from OKX, KuCoin, Crypto.com, ByBit, Binance, BitMEX, and Bitfinex. OKX follows Bitfinex with the second…

[ad_1] Since the last wMarket report, the cryptocurrency market cap saw net outflows of $20.07 billion and currently stands at $808.07 billion — down 2.4%. Meanwhile, over the weekend, Bitcoin and Ethereum’s market cap fell 1.7% and 2.4%  to $322.17 billion and $144.92 billion, respectively. The top 10 cryptocurrencies posted a mixed performance over the…

[ad_1] Argentina’s fan token ARG dumped over 50% of its value, trading for as low as $2.68 from over $6 in the last 24 hours despite the country winning the 2022 FIFA World Cup in Qatar, according to CryptoSlate data. The drop in the fan token’s value is a surprise, as holders would have expected…

[ad_1] The Twitter poll posted by Elon Musk on Sunday evening has ended with the final results showing 57.6% of voters in favor of Musk resigning from his position. Musk stated that he would “abide by the results of this poll” and thus, onlookers are awaiting his next announcement. Elon Musk Twitter Poll Candidates have…

[ad_1] Bitcoin mining difficulty is expected to increase by at least 3% on Dec. 19 for the final adjustment of the year, according to Bitrawr Bitcoin difficulty estimator. Source: Bitrawr According to the data, BTC’s current mining difficulty is at 34244331613176.18, and the estimated 3% increase would take the mining difficulty to between 35421102548895 and…

[ad_1] On Dec. 13., a further decline of CPI to 7.1% was met by an expected rally in equities and a drop in the U.S. dollar and treasury yields. On Dec. 14., Powell increased interest rates by 50bps to a new federal funds rate target of 4.25%-4.5%. Encouraging CPI Headline inflation slowed from 7.7% to…

[ad_1] This year hasn’t been kind to Bitcoin miners as the invasion of Ukraine in February 2022 triggered a global energy crisis, pushing mining costs through the roof. In addition, the collapse of Luna in June tanked Bitcoin’s price to a two-year low, wiping out the little profitability miners had left. After a challenging summer…

[ad_1] Former NBA player Shaquille O’Neal is the latest celebrity influencer to turn his back on disgraced crypto exchange FTX. In June, FTX tweeted details of an endorsement with O’Neal, referring to the four-time NBA Championship winner as Shaqtoshi. The accompanying advert depicted O’Neal wearing a Sam Bankman-Fried wig and talking about being an everyday…

[ad_1] Over the last 24 hours, the cryptocurrency market cap saw net outflows of $40.17 billion and currently stands at $828.14 billion — down 3.73% as of press time. Meanwhile, Bitcoin and Ethereum’s market cap was down 3.90% and 6.01% to $327.60 billion and $148.49 billion, respectively. The top 10 cryptocurrencies posted losses over the…

[ad_1] Data analyzed by CryptoSlate analysts revealed that around $4 billion worth of stablecoins left the exchanges over the past seven days, leaving a volume of $38 billion. This analysis is based on the STBL data, which is a virtual asset that aggregates the data of all ERC20 stablecoins to create a metric that can…