Latest Crypto News: Bitcoin falls below $70k causing $289 million in total market liquidations
Summary:
Bitcoin’s price surged to $72.9k yesterday, nearing its all-time high of $73.7k, before reversing to $69.2k at press time. This volatility led to liquidations totaling $289.93 million in the past 24 hours, affecting 96,574 traders, according to data from Coinglass. Long positions suffered the most, with $259.21 million liquidated, while short positions accounted for $30.72 […]
The post Bitcoin falls below $70k causing $289 million in total market liquidations appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: MakerDAO founder proposes strict deflationary tokenomics amid rebranding process
Summary:
Rune Christensen, founder of Sky (formerly MakerDAO), has proposed a strictly deflationary approach to the protocol’s governance token as the community prepares to vote on whether to revert its brand or not on Nov. 11. Christensen explained that the proposed changes would affect the governance token supply, whether it continues as SKY or pivots back […]
The post MakerDAO founder proposes strict deflationary tokenomics amid rebranding process appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: MakerDAO founder proposes strict deflationary tokenomics amid rebranding process
Summary:
Rune Christensen, founder of Sky (formerly MakerDAO), has proposed a strictly deflationary approach to the protocol’s governance token as the community prepares to vote on whether to revert its brand or not on Nov. 11. Christensen explained that the proposed changes would affect the governance token supply, whether it continues as SKY or pivots back […]
The post MakerDAO founder proposes strict deflationary tokenomics amid rebranding process appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: MakerDAO founder proposes strict deflationary tokenomics amid rebranding process
Summary:
Rune Christensen, founder of Sky (formerly MakerDAO), has proposed a strictly deflationary approach to the protocol’s governance token as the community prepares to vote on whether to revert its brand or not on Nov. 11. Christensen explained that the proposed changes would affect the governance token supply, whether it continues as SKY or pivots back […]
The post MakerDAO founder proposes strict deflationary tokenomics amid rebranding process appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: SEC crackdown continues with Immutable latest to receive Wells Notice
Link: https://cryptoslate.com/sec-crackdown-continues-with-immutable-latest-to-receive-wells-notice/
Summary:
The SEC has issued a Wells notice to blockchain gaming platform Immutable in what has become a widespread crackdown on crypto companies ahead of the US election. Immutable said in an Oct. 31 blog post that the move is the latest instance of the SEC’s “regulation-by-enforcement” policy targeting the crypto industry. It added that the […]
The post SEC crackdown continues with Immutable latest to receive Wells Notice appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: Tether hits $7.7 billion in profit YTD as reserves reach record high
Link: https://cryptoslate.com/tether-hits-7-7-billion-in-profit-ytd-as-reserves-reach-record-high/
Summary:
Tether Limited reported $2.5 billion in net profit for the third quarter, bringing its year-to-date profits to a record-breaking $7.7 billion. The firm’s strong third-quarter numbers were primarily boosted by its gold holdings, which amount to roughly $5 billion, recording $1.1 billion in unrealized profit. According to Tether’s latest assurance opinion, conducted by accounting firm […]
The post Tether hits $7.7 billion in profit YTD as reserves reach record high appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: Crypto firms among top targets of audio and video deepfake attacks
Link: https://cryptoslate.com/crypto-firms-among-top-targets-of-audio-and-video-deepfake-attacks/
Summary:
Crypto companies are among the most affected by audio and video deepfake frauds in 2024, with more than half reporting incidents in a recent survey. According to the survey conducted by forensic services firm Regula, 57% of crypto companies reported being victims of audio fraud, while 53% of the respondents fell for fake video scams. Those […]
The post Crypto firms among top targets of audio and video deepfake attacks appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: Blockchain Association slams SEC enforcement actions under Gensler for stifling growth
Summary:
The Blockchain Association, a leading crypto advocacy group, reported that its member firms have collectively spent over $400 million addressing enforcement actions initiated by the US Securities and Exchange Commission (SEC) under chair Gary Gensler. In an Oct. 31 statement, the association highlighted that Gensler’s SEC has filed 104 enforcement actions against players in the […]
The post Blockchain Association slams SEC enforcement actions under Gensler for stifling growth appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: Riot Platforms attracting ‘blue-chip’ partners for AI ventures amid Q3 losses
Link: https://cryptoslate.com/riot-platforms-attracting-blue-chip-partners-for-ai-ventures-amid-q3-losses/
Summary:
Riot Platforms CEO Jason Les revealed substantial interest from “blue-chip” companies looking to partner with the Bitcoin miner on AI and high-performance computing (HPC) initiatives. Speaking during the Oct. 30 earnings call, Les explained that the company has received numerous inbound offers to secure large-scale power capacity. The\ inquiries come from highly credible, financially stable […]
The post Riot Platforms attracting ‘blue-chip’ partners for AI ventures amid Q3 losses appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: Binance embraces Amazon generative AI to speed up account verification and customer support
Summary:
Binance is turning to Amazon Web Services (AWS) and its advanced generative AI tools to enhance user experience on its platform, according to an Oct. 31 statement shared with CryptoSlate. By incorporating AWS’s Cloud and Generative AI technologies, Binance aims to streamline user onboarding, strengthen customer support, and improve internal systems for automated diagnostics and […]
The post Binance embraces Amazon generative AI to speed up account verification and customer support appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: Asia emerges as new crypto developer powerhouse, leaving US behind
Link: https://cryptoslate.com/asia-emerges-as-new-crypto-developer-powerhouse-leaving-us-behind/
Summary:
Asia has surpassed North America as the leading hub for crypto developers, according to a report from Electric Capital. Maria Shen, partner at Electric Capital, pointed out that Asia has steadily increased its share of global crypto developers, climbing from 13% to 32% since 2015. In contrast, North America’s share dropped from 44% to 25% […]
The post Asia emerges as new crypto developer powerhouse, leaving US behind appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: Solana records over 3x Ethereum DEX volume with 14 million transactions in past 24 hours
Summary:
According to GeckoTerminal, Solana processed 14,185,459 transactions in the past 24 hours, surpassing Ethereum’s 268,621 transactions. Solana’s total value locked (TVL) in decentralized exchanges reached $75.73 billion, exceeding Ethereum’s $5.58 billion. Additionally, Solana recorded a 24-hour trading volume of $4.12 billion, over three times Ethereum’s $1.48 billion. GeckoTerminal tracks six main DEXes on the Solana […]
The post Solana records over 3x Ethereum DEX volume with 14 million transactions in past 24 hours appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: Bitcoin and Ethereum dominate 97% of trades on Crypto.com
Link: https://cryptoslate.com/insights/bitcoin-and-ethereum-dominate-97-of-trades-on-crypto-com/
Summary:
Crypto.com’s monthly spot trading volume jumped to $139 billion in October, more than doubling the $57 billion recorded by Coinbase, the Block reported on Oct. 30. A look at trading activity on the platform shows that 97% of the exchange users are focused on Bitcoin and Ethereum, the top two digital assets by market capitalization. […]
The post Bitcoin and Ethereum dominate 97% of trades on Crypto.com appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: Paxos CEO warns US risks losing financial leadership without crypto reform
Link: https://cryptoslate.com/paxos-ceo-warns-us-risks-losing-financial-leadership-without-crypto-reform/
Summary:
In an open letter to Vice President Kamala Harris and former President Donald Trump, Paxos CEO and co-founder Charles Cascarilla warned that America’s financial leadership hinges on whether the next presidential administration embraces digital assets and reforms outdated financial regulations. Cascarilla urged both political figures to recognize the potential for blockchain and stablecoins to modernize […]
The post Paxos CEO warns US risks losing financial leadership without crypto reform appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: Paxos CEO warns US risks losing financial leadership without crypto reform
Link: https://cryptoslate.com/paxos-ceo-warns-us-risks-losing-financial-leadership-without-crypto-reform/
Summary:
In an open letter to Vice President Kamala Harris and former President Donald Trump, Paxos CEO and co-founder Charles Cascarilla warned that America’s financial leadership hinges on whether the next presidential administration embraces digital assets and reforms outdated financial regulations. Cascarilla urged both political figures to recognize the potential for blockchain and stablecoins to modernize […]
The post Paxos CEO warns US risks losing financial leadership without crypto reform appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: Paxos CEO warns US risks losing financial leadership without crypto reform
Link: https://cryptoslate.com/paxos-ceo-warns-us-risks-losing-financial-leadership-without-crypto-reform/
Summary:
In an open letter to Vice President Kamala Harris and former President Donald Trump, Paxos CEO and co-founder Charles Cascarilla warned that America’s financial leadership hinges on whether the next presidential administration embraces digital assets and reforms outdated financial regulations. Cascarilla urged both political figures to recognize the potential for blockchain and stablecoins to modernize […]
The post Paxos CEO warns US risks losing financial leadership without crypto reform appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: Spot Bitcoin ETFs on track to overtak Satoshi Nakamoto’s BTC holdings by year-end
Summary:
Bloomberg ETF analyst Eric Balchunas predicted that by December, US spot Bitcoin exchange-traded funds (ETFs) BTC holdings could eclipse those of Satoshi Nakamoto. Balchunas suggested that at their current accumulation pace — roughly 17,000 BTC weekly — the ETFs may surpass 1 million BTC next week. This puts them on track to outpace Nakamoto’s holdings, estimated to […]
The post Spot Bitcoin ETFs on track to overtak Satoshi Nakamoto’s BTC holdings by year-end appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: Optimism Foundation offered 25M OP tokens to attract Kraken’s L2 to the Superchain
Summary:
Optimism Foundation and Kraken closed a 25 million OP deal to bring the exchange’s new layer-2 (L2) blockchain, Ink, to the Superchain ecosystem. According to CryptoSlate data, the deal is worth $43 million at OP’s current price of $1.72. Grant Optimism Foundation’s chief growth officer, Ryan Wyatt, explained that the grant is structured to fund Kraken’s protocol engineering […]
The post Optimism Foundation offered 25M OP tokens to attract Kraken’s L2 to the Superchain appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: Bitcoin could hit $200,000 without dollar collapse – Bitwise CIO
Link: https://cryptoslate.com/bitcoin-could-hit-200000-without-dollar-collapse-bitwise-cio/
Summary:
Bitcoin’s (BTC) price could surge to $200,000 without the need for a collapse of the US dollar, according to Bitwise CIO Matt Hougan. In his latest investor memo, Hougain suggested that Bitcoin’s value rests on two independent forces: its role as a digital store of value and inflationary pressures on fiat currencies. Key forces driving […]
The post Bitcoin could hit $200,000 without dollar collapse – Bitwise CIO appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr
Latest Crypto News: Gemini secures regulatory approval in Singapore amid Asia expansion plans
Link: https://cryptoslate.com/gemini-secures-regulatory-approval-in-singapore-amid-asia-expansion-plans/
Summary:
Crypto exchange Gemini said it has received in-principle approval from the Monetary Authority of Singapore (MAS) to provide cross-border money transfer and digital payment token services, according to an Oct. 29 statement. The Winklevoss twins-led exchange stated that the license aligns with its broader global strategy to grow its presence, especially in the Asia-Pacific (APAC) […]
The post Gemini secures regulatory approval in Singapore amid Asia expansion plans appeared first on CryptoSlate.
Tags: #crypto #bitcoin #nostr