Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate’s new report explores the recent and potential consequences of enforcement action against Paxos. Andjela Radmilac · 3…
Ad Gold bug Peter Schiff said Kevin O’Leary and Mark Cuban had sold out to crypto companies over the lure of sh*tcoins. Crypto’s “sexy story” did not fool Schiff Speaking to Anthony Pompilano in a recent interview, the pair discussed several topics, including the macro, assets for protection, and the debt ceiling. However, of particular…
Ad Ethereum NFT sales jumped 43% in January compared to the previous month, according to CryptoSlam. Total sales in January came to $780.2 million, which comprised 267.6k unique sellers and 257.6k unique buyers, the data aggregator platform showed. For comparison, total sales in December 2022 amounted to $546.8 million — consisting of 203.8k unique sellers…
Latest Report Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause Is Bitcoin poised for a new low or has the bottom been set at $15,500? CryptoSlate analyzed on-chain and macro data to present both sides of the argument. Andjela Radmilac · 5 days ago
Latest Report Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause Is Bitcoin poised for a new low or has the bottom been set at $15,500? CryptoSlate analyzed on-chain and macro data to present both sides of the argument. Andjela Radmilac · 5 days ago
Latest Report Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause Is Bitcoin poised for a new low or has the bottom been set at $15,500? CryptoSlate analyzed on-chain and macro data to present both sides of the argument. Andjela Radmilac · 4 days ago
Crypto investing by Venture Capitalists (VC) fell 75% in Q4 2022 versus the same period in the prior year, according to Bloomberg. The dramatic plunge in activity was driven by general VC tech firms, whose risk appetite for digital asset investing has diminished amid the many recent scandals that have plagued the industry. However, driven…
Data from Glassnode analyzed by CryptoSlate indicates that long-term Bitcoin holders have hit an all-time high, with a focus on Bitcoin that was previously active 2+ and 5+ years ago. The cohort of investors from Feb. 2021 is at an average of 66% drawdown from the purchase price, while those who bought in the 2017 bull…
Protocol Labs has become the latest cryptocurrency company to carry out a mass layoff, according to a Feb. 3 report from Forbes. The company reportedly laid off 89 people, representing 21% or approximately one-fifth of its workforce. The company cited poor market conditions and “macroeconomic challenges…in relation to Filecoin dynamics” as the reason for its…
Glassnode data analyzed by CryptoSlate analysts suggests that rising Bitcoin (BTC) price also increases miner profitability and revenue, which have been historical pointers for market bottoms. CryptoSlate looked into the Difficulty Regression Model and Miner Revenue vs. Yearly Average comparison metrics to evaluate miners’ profitability. While both metrics agree that things are going swimmingly for…