The trial against FTX co-founder Sam Bankman-Fried has taken an intriguing turn with the testimony of Zac Prince, the CEO of defunct crypto lender BlockFi. His appearance in a Manhattan federal courtroom has provided valuable insights into the intricate relationship between BlockFi, FTX, and Alameda Research. This new information, revealed in a Bloomberg report, sheds
Bitcoin
A trader on Aave, a decentralized liquidity protocol, has recently started selling wrapped Bitcoin (WBTC) in order to repay their outstanding debt. This trader borrowed around $8 million worth of stablecoins on Aave v2 and deposited various assets including WBTC, Maker (MKR), and Ethereum (ETH) worth approximately $11 million. However, their health factor, a metric
In a recent AMA session on X, Cardano founder Charles Hoskinson shared his thoughts on the US Securities and Exchange Commission’s (SEC) alleged preferential treatment of Ethereum. Hoskinson highlighted the Himman emails and other revelations as evidence of unequal application of regulations by the SEC. According to him, there was no corruption involved but rather
The Open Network (TON) Foundation, in partnership with Alibaba Cloud, announced its plans to conduct a performance testing event for the TON blockchain on October 31, 2023. This event aims to establish the TON blockchain as the world’s fastest blockchain recognized by the Guinness World Records. The TON blockchain has experienced significant growth, witnessing a
With the cryptocurrency market teeming with thousands of altcoins, it is easy for investors to miss out on potentially lucrative opportunities. The sheer number of coins makes it challenging to keep track of all of them. However, a Santiment analyst has identified six altcoins that have been overlooked but show promise for a rally. These
The recent influx of Tether (USDT) into cryptocurrency exchanges has caught the attention of market observers. This development has the potential to bring positive implications for Bitcoin. Santiment, an on-chain analytics firm, reports that the total worth of USDT on exchanges currently stands at $9.99 billion. While the significance of this metric varies across different
Bitcoin price is showing positive signs as it holds gains above the $27,450 zone. The cryptocurrency is currently trading above $27,800 and the 100 hourly Simple Moving Average (SMA). However, there is a short-term declining channel forming with resistance near $27,980 on the BTC/USD hourly chart from Kraken. Despite this, Bitcoin could potentially revisit the
Prominent crypto exchange Coinbase has made waves in the Ethereum (ETH) staking market, emerging as the second-largest staking entity after Lido DAO. This recent development has caused some concerns about network centralization, especially given Lido’s dominance in the ETH staking sphere. According to a report by Chinese reporter Colin Wu, Coinbase currently holds an impressive
Whales, with their ability to influence the Bitcoin price through large-volume transactions, play a significant role in the cryptocurrency market. Their actions are closely watched by investors and traders, as they can often trigger a domino effect on the market. Recently, on-chain data revealed the awakening of a particular Bitcoin whale who had been dormant
Binance, the largest cryptocurrency exchange in the world, has recently released its 11th reserves report, revealing astonishing numbers. This article delves into the report, providing an analysis of Binance’s XRP holdings and its implications for the market. The report showcases a significant increase in Binance’s XRP holdings over the past month. This can be attributed