Category: Uncategorized

[ad_1] Glassnode data analyzed by CryptoSlate shows that leading exchange Binance offloaded $137 million worth of Bitcoin (BTC) in the last 24 hours. Binance reserves in the last 24 hours In the meantime, nearly $32 million worth of Ethereum (ETH), $300 million worth of USD Coin (USDC), and $200 million in both Binance USD (BUSD)…

[ad_1] The release of November’s Consumer Price Index (CPI) data showed inflation at 7.1% year-on-year (YoY). This came in better than the estimated 7.3% figure. Bitcoin spiked 2.6% on the news and was trading just short of $18,000, as of press time. Source: BTCUSDT on TradingView.com The post Bitcoin spikes to $18,000 on better than…

[ad_1] CSOP Asset Management has received approval to list its Bitcoin and Ethereum exchange-traded funds (ETFs) on the Hong Kong Stock Exchange by Dec. 16. CryptoSlate reported on Oct. 31, that the government of Hong Kong released its crypto policy statement which allowed retail investors to legally invest in crypto assets. Simultaneously, the Hong Kong…

[ad_1] US Senator Cynthia Lummis is still a devoted Bitcoin supporter, as she wants to add Bitcoin to retirement funds amid the struggling crypto market. “I’m very comfortable with making sure that people can include Bitcoin in their retirement funds because it’s just different than other cryptocurrencies,” Lummins recently shared with Semafor. However, it’s not…

[ad_1] The biggest news in the cryptoverse for Dec. 12 includes Binance saying “Reuters has it wrong again,” obscure token takes up 15% of ETH gas fees, USDD loses peg, and more CryptoSlate Top Stories XEN crypto, an ERC-20 token launched in October, accounts for about 15% of all Ethereum gas fees. A recent chart…

[ad_1] An analysis of market cap and realized cap Bitcoin dominance (BTC.D) data performed by CryptoSlate suggests that users are increasingly using stablecoins, instead of BTC, as a safety flight. Most are familiar with market cap, which is calculated by multiplying the circulating supply by the current token price. Realized cap is also a valuation…

[ad_1] Bitcoin ownership is still growing among retail investors, with three million BTC holdings at present, while whale accumulation is declining, with the recent number around nine million, according to Glassnode data analyzed by CryptoSlate.  A retail investor is someone who holds one bitcoin or less, and a whale is someone who holds more than…

[ad_1] XEN crypto, an ERC-20 token launched in October, accounts for about 15% of all Ethereum gas fees. XEN (a pointless scam token) is currently ~15% of Ethereum gas spend. – 4x more than all L2s.– 20% above OpenSea.– Not far from Uniswap v3. Right now, ETH net issuance is virtually zero. If on-chain activity…

[ad_1] Bitcoin privacy apps and lightning nodes have been struggling with DDOS issues for most of this year, as TOR, the network used by many of these applications, has been under attack. In response, the team behind the MercuryWallet application decided to make their wallet work with both TOR and I2P, a decentralized network that…

[ad_1] Trading volume on decentralized exchanges (DEXs) hit $32 billion within seven days in mid-November, recording another high since early June this year. This came after an explosive, tumultuous week in the crypto industry, which drove many investors — both seasoned and new alike — to take refuge in self-custodial, permissionless and decentralized trading platforms.…