Tag: tokens

Nov 29 2022

ETH deflationary gains erased post-FTX collapse

Nov 29 2022 Published at CryptoSlate under tags  analysis defi tokens

Ethereum (ETH) recently became the most deflationary it had historically ever been amid the FTX collapse, reaching a deflationary percentage of -0.00514%, but as of Nov 29, ETH has lost almost all deflationary gains....

Huobi announces launch of world’s first national token, DMC

Nov 29 2022 Published at CryptoSlate under tags  adoption metaverse payments tokens

Huobi has said that it will be launching the world's first national token called Dominica Coin (DMC) — endorsed by the Commonwealth of Dominica. Huobi said it will launch the world's first national token DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica. Huobi will provide Dominica DID status to every...

Nov 28 2022

VP of AAX speaks out against handling of company bankruptcy decision

Vice President of the Hong Kong exchange AAX, Ben Caselin, has announced that he has resigned. Hong Kong exchange AAX VP BEN said that he had resigned. A screenshot shows that AAX HR stated that the company has decided to dissolve (bankruptcy and liquidation), employees can only guarantee salaries in November, and users’ assets on the platform may only be...

LINE-founded cryptocurrency exchange BITFRONT announces closure

Nov 28 2022 Published at CryptoSlate under tags  bear market exchanges tokens

BITFRONT, the cryptocurrency exchange founded by LINE — one of the largest social media in Asia — announced its closure. As of March 31, 2023, the withdrawal of cryptocurrencies held on the platform will be halted, and all personal user information collected by the firm will be deleted within 40 days. In a notice published Nov. 28, the BITFRONT team explained that despite...

Nov 25 2022

Binance publishes BTC proof of reserves to provide more transparency on customer funds

Nov 25 2022 Published at CryptoSlate under tags  exchanges technology tokens

Following promises from Binance CEO CZ, the exchange has released proof of reserves for Bitcoin held on the platform. Customer funds are backed by on- chain reserves of over 582,000 BTC — 1% higher than total customer deposits. The customer net balance was 575,742.4228 BTC as of the snapshot taken on Nov. 11, and on-chain reserves came to exactly 582,485.9302 BTC. The proof currently...

Nov 21 2022

FTX Exploiter ups the ante with 200K ETH move

Nov 21 2022 Published at CryptoSlate under tags  featured hacks tokens

Following on from the movement of 50,000 Ethereum (ETH) on Nov. 20, the FTX Exploiter wallet has moved a total of 195,000 ETH via 13 transactions through Nov. 2. BREAKING...

Nov 20 2022

FTX Exploiter swaps 50K ETH to BTC swap sparking concern for Ethereum as ETH dips 3%

Nov 20 2022 Published at CryptoSlate under tags  analysis bear market censorship hacks legal

On Nov. 20, the FTX Exploiter account began to start shifting the stolen funds once again -- totaling 50,000 Ethereum (ETH) valued at an estimated $60 million. The FTX hacker is doing things… They sent 25k ETH to another wallet and have been actively...

Nov 18 2022

Binance-linked non-custodial wallet tokens see massive growth over the past week

Nov 18 2022 Published at CryptoSlate under tags  tokens wallets

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 past week, according to Coingecko...

Nov 17 2022

Upbots issues recovery plan in light of FTX, Alameda exposure

Algo crypto trading platform, Upbots, detailed its recovery plan established due to its exposure to the fallout of FTX, and Alameda Research. Important announcement We are pleased to inform you that it has been decided to move forward by making some very important changes in our strategy: 1\. Launch of a new token2. Staking rewards temporary...

Research: 78% of all staked ETH is across 4 centralized providers; 74% of all blocks are OFAC compliant

Nov 17 2022 Published at CryptoSlate under tags  regulation research staking tokens

Ethereum (ETH) staking on-chain data shows that an estimated 78% of all staked ETH is across four centralized providers. Currently, an approximated 8-9 million ETH is staked across the following four providers: Lido - 4.5 Million ETH staked Coinbase - 2 million ETH staked Kraken - 1.2 million ETH staked Binance - 1 million ETH staked...

FTX collapse sees Bitcoin, Ethereum to be shorted the second and third-most amount

Nov 17 2022 Published at CryptoSlate under tags  bear market macro research tokens trading

On-chain data shows that Bitcoin(BTC) is currently the third-most shorted cryptocurrency ever, while Ethereum(ETH) stands as the second-most shorted....

Nov 16 2022

SolChicksNFT CEO, COO leaked messages confirm up to $20M treasury fund loss

Nov 16 2022 Published at CryptoSlate under tags  investments nfts tokens

Newly leaked messages surfaced on Twitter earlier today revealing a discussion between the CEO, William Wu, and COO, Lewis Grafton of SolChicksNFT — migrated over from Catheon Gaming. According to blockchain detective, ZachXBT, the leaked messages between Wu and Grafton detail up to $20 million in treasury fund losses as a result of the UST implosion in May....

Nov 15 2022

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

Nov 15 2022 Published at CryptoSlate under tags  analysis defi tokens

On Nov. 2, Coindesk sparked crypto history’s biggest collapse yet after it released the private financial documents of Alameda Research, a VC and trading firm owned by FTX founder Sam Bankman-Fried and closely tied to the exchange. In the ensuing week, 140M FTT flowed to Binance, and the token fell from $26 to below $2. This...

3AC wallet shifts over $20M in ETH, stablecoins over past 6 days, fueling rumors of revival attempt

Nov 15 2022 Published at CryptoSlate under tags  bear market exchanges people tokens

Transactions on the Three Arrows Capital (3AC) wallet have been revitalized as funds began to move again in its main wallet....

FTX hacker sending troll messages via cryptic tokens in possible Pump & Dump scam

Nov 15 2022 Published at CryptoSlate under tags  bankruptcy hacks rumors tokens

The FTX Hacker address — 0x59AB…fd32b — is sending cryptic tokens, including one labeled "WHAT HAPPENED" to addresses across the blockchain, including exchanges, Vitalik, and Uniswap. A deeper analysis of the on-chain transactions by CryptoSlate revealed the messages have been going on for multiple days using newly created...

Nov 13 2022

Huobi addresses concerns raised surrounding fake reserves ‘snapshot’

Nov 13 2022 Published at CryptoSlate under tags  bear market exchanges rumors tokens

Huobi has addressed the concerns raised as a result of Wu Blockchain's tweet that highlighted over 10,000 ETH being moved out of the Huobi 34 wallet. Huobi explained that a part of the publicized address is the hot wallet address and assured those concerned that the firm guarantees the security of user assets, 100% redemption and that it will not impose any restrictions...

Crypto.com transferred nearly 85% of ETH reserves to Gate.io in October, CEO assures it was accidental

Nov 13 2022 Published at CryptoSlate under tags  exchanges rumors tokens wallets

The Twitter community is on fire, discussing hidden motives behind asset transfers between Crypto.com and Gate.io that took place in October. The exchange's CEO Kris Marszalek responded to speculation and said the transfer was done accidentally and had since been reverted. It was supposed to be a move to a new cold storage address, but was sent to...

St. Kitts and Nevis to adopt Bitcoin Cash as legal tender in 2023

Nov 13 2022 Published at CryptoSlate under tags  adoption bear market mining people tokens

St. Kitts and Nevis Prime Minister Terrance Drew announced that BCH will become legal tender in the country by March 2023 during a BCH conference in St. Kitts and Nevis. He added that the country will also look into mining BCH and welcomes dialogue and exploration of "future opportunities" with the cryptocurrency. The Prime Minister of St....

Nov 11 2022

Kucoin CEO addresses rumours surrounding FTX, FTT exposure

Nov 11 2022 Published at CryptoSlate under tags  bear market dex rumors tokens

Kucoin CEO, Johnny Lyu, has explained in a number of tweets today that Kucoin has been transparent with its users since day one of building the hybrid centralized/decentralized cryptocurrency exchange. From day 1 of building KuCoin, we have been transparent to our users. The overview of some of KuCoin’s hot and cold wallet addresses are clickable for their...

Nov 10 2022

DeFi TVL Tanks 20% Following Crypto Market Woes

Decentralized finance (DeFi) has felt the impact of the market crash that happened on Wednesday. The space which had already been struggling due to low interest had seen its total value locked (TVL) tank by more than $10 billion in a three-day period. TVL Falls To $44 Billion For the last couple of weeks, the DeFi TVL had been trending just above $55...

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