A decentralized social network project called Mithril (MITH) was recently delisted from Binance and in return, the crypto project asked for the 200,000 Binance Coin (BNB) it had to deposit as insurance for listing on the exchange. Binance CEO Changpeng Zhao aka CZ responded to MITH’s demand on Twitter with a screenshot of their contract that suggests if the listed…
Bitcoin (BTC) fell below $17,000 on Dec. 16 as traders warned of overreaction to “FUD” involving exchange Binance and others. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance “FUD” fuels bearish BTC moves Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it put in multi-day lows of $16,928 on Bitstamp. The pair retraced its entire run to one-month…
Bitcoin mining firm Core Scientific has seen its stock price double in the past 48 hours, from a low of $0.15 to a high of $0.46, following $72 million in financing from B. Riley. The news comes after Core Scientific, one of the largest crypto-mining firms in the U.S., experienced a less-than-stellar year. The NASDAQ-listed company was hard hit by…
Crypto exchange Binance has seen its proof-of-reserve (PoR) audits removed from the auditor Mazars’ website. Mazars’ official website shows they fully discontinued Mazars Veritas, a section dedicated to cryptocurrency exchange audits. The tool was developed by Mazars in order to bring “trust and transparency to the digital asset sector,” using Silver Sixpence Merkle Tree Generating tool to complement PoR reports.…
Yesterday, the collapse crypto exchange FTX filed a new motion to the Bankruptcy Court of Delaware to approve bidding procedures for four of the firm’s independent solvent subsidiaries. The sale of the subsidiary businesses is an attempt to generate money to repay its creditors, to which the company owes billions of dollars. Bankrupt businesses must obtain permission from the court…
Bear markets are for building Bitcoin (BTC) companies. At least, that’s what the Legends of Lightning, a nine-week contest for competing Bitcoin businesses, would indicate. The tournament-come-hackathon ran more than 65 events worldwide as 73 projects battled it out to win 3 BTC ($50,000). The competition crowned Bitcoin startups Lightsats and AgriMint as winners of two separate competition tracks, Global…
Bitcoin and Ethereum have just given up all fresh gains earned following this week’s optimistic CPI report. Bitcoin, the largest cryptocurrency by market capitalization dropped nearly 4% over the past 24 hours and is now hovering at just above $17,000, per CoinGecko. Bears have also regained control of Bitcoin on the weekly basis, with the cryptocurrency down 1.2% over the…
Hong Kong’s first crypto-based exchange-traded funds (ETFs) have attracted over $73 million ahead of their debut on the region’s stock exchange. The launch of the two ETFs tracking cryptocurrency futures listed in the United States comes despite the industry’s current troubles. Hong Kong Debuts Bitcoin and Ether Futures ETFs Amid Crypto Winter Two ETFs tracking crypto futures raised a total…
Over the last year the crypto, and greater Web3 industry has seen a rollercoaster of loss, growth and innovation – and the data shows. In the latest industry report from cryptocurrency exchange Huobi, “Global Crypto Industry Overview and Trends”, trends and stats were pulled from the industry on everything from nonfungible tokens (NFTs) and the metaverse, to centralized exchange (CEX)…
A class action lawsuit against Silvergate Bank, Silvergate Capital Corporation, and Silvergate CEO Alan Lane was filed Wednesday in the U.S. District Court for the Southern District of California, alleging the defendants directly aided and abetted FTX’s fraudulent activities. Per court filings, plaintiff Joewy Gonzalez and “all others similarly situated” entrusted their investments to the now-bankrupt crypto exchange FTX, which…
