Category: Uncategorized

[ad_1] Cryptocurrency exchange FTX hit a new record of over $936.24 million in short liquidations.  Today was the single largest liquidation event on FTX in its history and the runner up isn’t even close. ~$600m Someone get carried out on a stretcher?Seems excessive given the move. But then again there’s like 12 people who understand…

[ad_1] Five US Democratic lawmakers led by Senator Elizabeth Warren have written the heads of several financial regulators in the country, enquiring about the “revolving door’ between government agencies and the crypto industry. The letter, citing a Tech Transparency Project report, noted that over 200 ex-government officials were now working in crypto firms and serving…

[ad_1] Bitcoin’s (BTC) trading volume with the British Pound Sterling surged by 233% in September, according to CryptoCompare data. In September, the British Pound fell to a record low against the US Dollar. Reuters reported that the trading volume between the Pound and Bitcoin peaked at £846 million ($955 million) on Sept. 26. Former UK prime…

[ad_1] The cryptocurrency market cap saw net inflows of $65.75 billion over the past 24 hours, pushing the total to $995.22 billion from $929.47 billion as of press time. The market cap increased by 7.10% over the last 24 hours. Bitcoin’s market cap rose 6.98% over the reporting period to $395.99 billion, while Ethereum’s market…

[ad_1] The biggest news in the cryptoverse for Oct. 25 includes the amount of staked Ethereum surpassing 14 million year-to-date, Tesla’s $106 million loss to Bitcoin volatility, and Apple’s guidelines on how iOS developers can add in-app NFT purchase functions to their apps.  Total staked Ethereum surpasses 14 million in Q3 amid 64% decline in…

[ad_1] There was a massive surge in public miners’ Bitcoin hashrate share as it has steadily grown during the last year, according to a report from the Hashrate Index. Occasioned by the enormous funds derived from the 2021 bull run, many of these miners invested heavily in mining rigs, thereby widening and enhancing their operations.…

[ad_1] Bitcoin’s failure to regain lost heights in the last few months may be forcing many long-term holders to sell their BTC holdings at a profit. On-chain Glassnode data analyzed by CryptoSlate shows that the Revived Supply 1+ Years metric has recently been rising. The Revived Supply 1+ Years metric measures the “total amount of…

[ad_1] The cryptocurrency market cap saw net outflows of $1.11 billion over the past 24 hours, pushing the total to $929.47 billion as of press time. Bitcoin’s market cap fell 0.17% over the reporting period to $369.77 billion. Meanwhile, Ethereum’s market cap increased by 0.65% to $164.58 billion. The top 10 cryptocurrencies posted losses except…

[ad_1] Twitter user @ODELL called out newly appointed U.K. Prime Minister (PM) Rishi Sunak as “no friend of Bitcoin,” adding that reports of his pro-crypto rhetoric are “misleading.” The basis for @ODELL’s comments came from a video of Sunak talking about Central Bank Digital Currencies (CBDCs,) which are generally viewed by the community as philosophically…

[ad_1] Bitcoin (BTC) adoption has increased, and the largest cryptocurrency has become less risky as its correlation rate with gold reached 85% in the past year, which signals that a BTC price bottom could be near. The correlation of assets measures how one asset moves compared to the other, and it is scored between 1…