Category: Uncategorized

[ad_1] FatManTerra alleged on Dec. 6 that the root cause of Terra’s UST implosion was Terraform Labs’ (TFL) dumping of over $450 million UST on the open market over three weeks before the ecosystem collapsed. 🧵 New blockchain data reveals the root cause of the May UST depeg. In the 3 weeks leading up to…

[ad_1] A new report by the Bank of Indonesia highlights the country’s 2023 economic growth plan which will include the digitalization of payment systems and the creation of a Digital Rupee. This will comprise increasing the availability and use of digital payments, such as e-wallets and online banking. The government has been actively promoting the…

[ad_1] Ethereum (ETH) has become inflationary once again following the reversal of deflationary gains seen in November after the FTX fallout. ETH supply graph Despite only recently becoming the most deflationary it had ever been, ETH supply reverted back to inflationary on Dec. 2, witnessing a 0.00029% increase —349 ETH — in supply. ETH supply…

[ad_1] The cryptocurrency market cap saw net outflows of $17.52 billion and currently stands at $851.46 billion — down 2% from $868.98 billion over the last 24 hours. Since the weekend, Bitcoin’s market cap fell 2.5% to $326.62 billion from $332.08 billion. Meanwhile, Ethereum’s market cap fell 3% to $153.81 billion from $158.54 billion. Over…

[ad_1] MicroStrategy Chair Michael Saylor called out former FTX CEO Sam Bankman-Fried (SBF) for “committing the sin of sh*tcoinary.” It has been a month since the FTX run resulted in the platform filing bankruptcy and the firm’s inner workings were laid bare. Much has happened during this time, but the underlying problem remains a $3.1…

[ad_1] Over $20 million worth of ApeCoin (APE) has been staked less than 24 hours after its staking feature went live, according to Etherscan data. Horizen Labs tweeted on Dec. 5 that the rewards would start accruing by December 12. The staking update had experienced early delays due to a Bug Bounty AIP, which led…

[ad_1] Ethereum co-founder Vitalik Buterin published a blog post to illustrate use cases that excite him about the Ethereum ecosystem. The post looked at money, DeFi, digital identity, DAOs, and hybrid apps showcasing the breadth of utility within the Turing complete blockchain network.  What in the Ethereum application ecosystem excites mehttps://t.co/QxCa6EoWDl — vitalik.eth (@VitalikButerin) December…

[ad_1] The decreasing outflow volumes across short-Bitcoin products could be an indication of improving fundamentals as opportunistic investors rush to buy the dip.  On the other hand, digital asset investment products (mostly comprising short products) saw outflows totalling $7.5 million, while long products recorded $3.3 million.   Despite weeks of ravaging capitulation and negative Bitcoin sentiments…

[ad_1] The cryptocurrency market cap saw net inflows of $8.95 billion and currently stands at $868.98 billion — up 1.04% from $857.03 billion over the reporting period. Since the weekend, Bitcoin’s market cap increased by 1.5% to $332.08 billion from $327.06 billion. While Ethereum’s market cap increased by 0.5% to $158.54 billion from $157.74 billion.…

[ad_1] Data compiled by CryptoSlate shows that the number of Bitcoin wallets holding 10 to 100 BTC had their supply rise from 2.98  to over 3.26 million coins between 2018 and 2022. However, in the respect of accuracy, there are a few caveats to this data. It is unclear how many of these wallets belong to…