Youtuber Bitboy Crypto, aka Ben Armstrong, alleged the FTX exchange and Canadian entrepreneur Kevin O’Leary were pivotal figures in taking down Celsius. The crypto lending and borrowing platform halted withdrawals on June 13 to stabilize operations amid “extreme market conditions.” Weeks before that, rumors were circulating all was not well at Celsius, including reports of…
Glassnode and CryptoSlate Deep Dive: How a cold winter is impacting Bitcoin miners and why the fear has just begun – Issue 01 The current state of Bitcoin Miners is extremely stressful as coin prices declined, and credit has contracted, while mining input energy costs have also been on the rise. 🤝 Brought to you…
Wallstreet banking giant JP Morgan & Chase believes there are significant changes coming to the crypto industry in 2023 in the form of regulation, which will likely cause a convergence between crypto and the traditional financial industry, according to its latest Global Markets Strategy report. Major changes coming to the crypto industry in 2023 pic.twitter.com/qW6cHLyc6N…
Glassnode and CryptoSlate Deep Dive: How a cold winter is impacting Bitcoin miners and why the fear has just begun – Issue 01 The current state of Bitcoin Miners is extremely stressful as coin prices declined, and credit has contracted, while mining input energy costs have also been on the rise. 🤝 Brought to you…
The FTX collapse has revived the narrative that “Bitcoin maximalists were right all along.” Given the size of the troubled exchange and the number of entities caught up in its web, the FTX scandal has dominated headlines of late. Worse still, each passing day seemingly brings further twists that point to serious failings within the…
A total of 100,000 Bitcoin (BTC) were withdrawn from Coinbase in the past two days, marking the third-largest BTC withdrawal in Coinbase’s history. Two withdrawals worth 50K The chart below shows the BTC withdrawals and deposits in Coinbase on a daily basis since the beginning of the year. Bitcoin Exchange Net Position Change for Coinbase…
The FTX attacker turned to ChipMixer to launder funds and already washed around 360 Bitcoin (BTC), according to on-chain sleuth ZachXBT. Update: FTX attacker has started using ChipMixer to launder the funds (so far ~360 BTC) https://t.co/xuiCaajnh8 https://t.co/qsSJs8d8OV — ZachXBT (@zachxbt) November 25, 2022 Earlier attacks The FTX drainer has been active since Nov. 12….
Crypto markets have historically been cyclical based on Bitcoin halving events. Bitcoin halvings happen every time 210,000 blocks are mined — roughly every four years. The last halvings occurred in 2012, 2016, and 2020. Between each halving, a bull market has been followed by a bear. Given the transparent nature of most blockchain networks, it…
Not all bear markets are created equal and the same can be said when comparing the 2018 crypto bear market, and the current 2022 bear market. Exchange BTC balance 2018-2019 Bitcoin: Exchange Net Position Change – All Exchanges (Source: Glassnode) Following the peak of the bull run in Dec. 2017, Bitcoin (BTC) price dropped below…
Social media chatter is rife with speculation on Cardano projects Ardana and Orbis, which both announced ending development on the same day. Ardana calls it a day Ardana pitched itself as the “first all-in-one stablecoin ecosystem built on Cardano.” The ecosystem consisted of the dUSD stablecoin, an AMM DEX called Danaswap, and the DANA governance…