Category: Uncategorized

[ad_1] The native token of non-custodial wallet provider SafePal (SFP) spiked 125.96% over the past week, according to CryptoSlate data. At the time of writing, the token was trading at $0.743 — up 16.97% over the past 24 hours. The token’s market cap more than doubled from around $35.6 million to $81 million over the…

Community fears FTX implosion might affect Grayscale

Nov 18, 2022

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[ad_1] Grayscale Bitcoin Trust (GBTC) shares are selling at a record discount of 42.69% to the underlying asset’s value following FTX’s implosion and fears of market contagion. According to Ycharts data, GBTC shares are trading for $8.75 as of press time, which represents a 74% decline on the year-to-date metric and an 84% drop since…

Oldest Bitcoin holders start selling; FTX court filing reveals SBF’s $1B loans from Alameda

Nov 17, 2022

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[ad_1] The biggest news in the cryptoverse for Nov. 17 includes the high selling tendency of Bitcoin holders older than 10 years, SBF’s $1.6 billion personal loan from Alameda Research, and Bitcoin and Ethereum’s emergence as the second and third most shorted crypto asset. CryptoSlate Top Stories Who sold the most BTC in the aftermath…

Who sold the most BTC in the aftermath of the FTX collapse? 10yr holders sell at highest ever rate

Nov 17, 2022

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[ad_1] Aside from wiping out billions from the global market cap, the collapse of FTX also wiped out the confidence of even the most convinced Bitcoin holders. The market saw aggressive selling pressure last week, pushing Bitcoin’s price down to as low as $15,500. Graph showing Bitcoin’s price in November 2022 (Source: CryptoSlate BTC) CryptoSlate…

Gemini Earn halts withdrawals due to ‘market turmoil’ caused by FTX fallout

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[ad_1] Gemini, a cryptocurrency exchange based in the U.S., said that it has paused withdrawals on its Earn program. Genesis Global, the lending partner of the Earn program, is no longer able to meet customer redemptions as mandated in its service-level agreement (SLA). The exchange said it was working with the Genesis team to help…

Bitfarms sold more Bitcoin than it mined in Q3

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[ad_1] Bitcoin mining firm Bitfarms’ third-quarter report shows that the miner sold more BTC than it made in the quarter -the miner sold 2,595 BTC while mining 1,515 BTC. The miner focused on strengthening its position to survive the bear market by cutting costs and reducing its debt obligations significantly during the quarter. However, the…

Nexo resolves real-time audit outage laying insolvency rumors to rest

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[ad_1] Nexo announced that it has resolved the bug that stopped displaying the real-time audit of its assets and liabilities. A Nexo representative confirmed to CryptoSlate that “the Armanino timeout has been resolved and it’s all up and running now.” Earlier today, the company said it experienced similar oracle technical difficulties in the past and…

Audit reveals Luna Foundation Guard spent $2.8B to defend UST peg in May

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[ad_1] A Nov. 9 technical audit report submitted by JS Held revealed the Luna Foundation Guard spent $2.8 billion to defend UST’s peg between May 8 and May 12. 1/ Today, LFG releases the technical audit report conducted by JS Held, an experienced third-party auditing firm, providing full transparency into the trading, blockchain records, and…

On-chain data showed FTX was in trouble right before it collapsed

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