A new White House report provides additional insight into the mind of the executive branch of the US federal government when it comes to regulating cryptocurrencies. The authors of the Jan. 27 report, members of President Joe Biden’s economic team, suggest that Congress is not acting fast nor efficiently enough when it comes to providing…
The U.S. debt ceiling reached its $31.4 trillion limit on Jan. 19, prompting calls for radical action, even removing the ceiling altogether. Bitcoin offers an alternative to the fiat system, which is destined to fail as a result of the inherent need to expand the money supply through money printing. Although U.S. government BTC adoption…
FTX finally revealed its complete list of creditors on Jan. 25 but withheld the names of nearly 9.6 million users in accordance with a court order. The defunct crypto exchange owes millions of creditors, including U.S. and international government agencies, law firms, banks, media outlets, charitable foundations, marketing agencies and more. The creditor matrix brings…
In updating Djed’s progress, COTI gave “next week” as the scheduled launch date for the Cardano-based stablecoin. During a recent video presentation, COTI CEO Shahaf Bar-Geffen said the final rollout is expected sometime in January. In the talk, Bar-Geffen took the opportunity to distinguish Djed as an overcollateralized stablecoin rather than an algorithmic stablecoin. The…
Binance CEO Changpeng (CZ) Zhao alleged during a Twitter space talk that FTX paid $43 million to a crypto news outlet that regularly publishes negative articles on Binance, CZ claimed that traders with short positions look to “generate negative news” to better their trades. Therefore, he is “fine” with crypto skeptics such as Peter Schiff…
SEC Commissioner Hester Peirce called for the crypto industry to attempt to solve issues that plagued it during 2022 without waiting for regulators to act. Peirce made the comment during a speech at the Duke University Digital Assets Conference on Jan. 20. Crypto is burning Peirce argued that “much of the crypto world is burning”…
Crypto investment firm Pantera Capital released a ‘Year Ahead’ letter to investors on Jan. 23, in which it disclosed data showcasing the blockchain industry’s resilient nature. CEO of Pantera Capital, Dan Morehead, shared an overview of the company’s outlook on 2023 in which he stated; “Blockchain’s resilience in the face of a terrible macro market…
Previous on-chain research suggested the Bitcoin market bottom was in. CryptoSlate revisited several Glassnode metrics, which continue to indicate a bottoming of price. However, macro factors, which may not have been present in previous cycles, remain in play, potentially impacting the current cycle. Bitcoin Supply P/L Bands Bitcoin Supply P/L Bands show the circulating supply…
FTX CEO John Ray III is investigating the possibility of relaunching the now-defunct cryptocurrency exchange, The Wall Street Journal reported Jan. 19. The CEO told the Journal that he had created a task force to investigate relaunching FTX.com, the company’s primary international exchange. He said: “Everything is on the table. If there is a path…
Data analyzed by CryptoSlate showed a strong contrast between Bitcoin and Ethereum Spot to Futures Volume (SFV) trends, with the former’s SFV continuing to rise. The Spot to Futures Volume metric looks at the ratio of spot volume against futures volume for a particular cryptocurrency. Spot price refers to the current quote for the immediate…