Ad Crypto’s US Dollar market depth has significantly dropped over the past month following Silvergate’s struggles, according to Kaiko data. US exchanges are becoming less liquid. Kaiko said U.S.-based exchanges and market makers are becoming less liquid as they seem most affected by Silvergate’s implosion. According to Kaiko data, Bitcoin and Ethereum’s market depth improved…
Ad During the first appeal hearing for Grayscale’s Bitcoin spot ETF, judges raised concerns about the SEC’s reasoning, stating that the SEC had not sufficiently explained why Grayscale’s arguments were flawed. They also questioned the logic of allowing futures-based Bitcoin ETFs while not approving spot-based ETFs. What is the significance of investors receiving shares in…
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Ad According to CryptoSlate data, the total crypto market cap fell below $1 trillion, marking a three-week low. Similarly, market leader Bitcoin lost $22,000 as bears took control. Recent days have seen the build-up of notable headwinds, including Silvergate going into voluntary liquidation and mounting speculation that the Fed will exercise a 50 basis point…
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you…
Ad Bankrupt Bitcoin exchange Mt. Gox has extended the registration deadline for its BTC repayment process from March 10 to April 6. In a March 9 announcement, Mt. Gox trustee Nobuaki Kobayashi said the deadline was shifted after the exchange gained the court’s approval after considering “various circumstances such as the progress by rehabilitation creditors in…
Ad U.S. President Joe Biden will propose changes to crypto taxation in an upcoming budget plan, according to a report from the Wall Street Journal on March 8. Biden’s budget plan will target wash trading Biden’s budget plan could directly affect crypto investors. The Wall Street Journal says that the president will propose a change…
Ad Marathon Digital said that it has repaid a term loan and terminated its credit facilities with Silvergate Bank, according to a press release published on March 8. Marathon reduces debt, strengthens balance sheet Marathon said that this decision will reduce its debt by $50 million and increase its unrestricted Bitcoin holdings by an additional…
Ad The biggest news in the cryptoverse for March 8 saw Silvergate Capital announce that its crypto bank will halt operations following earlier reports that it would attempt a recovery with the FDIC. Meanwhile, 3AC’s founders advanced a business model for their upcoming OPNX exchange and CFTC chair Rostin Benham said that stablecoins and ETH…
Ad It seems that around 40,000 Bitcoin held in wallets linked to law enforcement seizures in the United States are currently being transferred, according to new data by Glassnode, a blockchain analytics firm. At present, most of these transactions appear to be internal transfers. Of the seized Bitcoin, 9,861 were seized from the Silk Road…