👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The move by Celsius Network (CEL) to block consumer withdrawals is being looked at by several US jurisdictions, including the states of Texas, New Jersey, and Alabama. The cryptocurrency lending platform said in a blog post that it would temporarily halt withdrawals and its swap…
More troubles for Three Arrow Capital as 8Blocks accuses it of $1M misappropriation
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A Twitter thread by Danny Yuan, the head of crypto trading at 8Blocks Capital, has raised new allegations against the embattled crypto hedge fund, Three Arrows Capital(3AC). According to Yuan, Three Arrows used $1 million of his company’s fund to answer…
Celsius users share harrowing posts as withdrawal freeze extends to fourth day
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Four days since Celsius Network paused withdrawals, swaps, and transfers between accounts, there remains no indication of reinstatement. On Wednesday, it emerged the firm had hired a firm of lawyers to advise on its situation, further adding to concerns that users…
PGIM COO urges crypto investors to adopt a pick and shovel play
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Investing in crypto does not necessarily have to involve buying digital assets, Taimur Hyat, the COO of PGIM, told Bloomberg. According to Hyat, who oversees operations at the $1.4 billion asset management firm, investors should turn their attention to the companies…
Report: 83% of US retailers think ‘digital currencies’ will become legal tender in 10 years
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A new Deloitte survey has revealed that US retailers believe that crypto adoption among businesses will rise to a new high as 83% of them think ‘digital currencies’ will become a legal tender within the next ten years. The report highlighted that…
FTX trading volume surpasses Coinbase in record month
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The spot Bitcoin trading volume on FTX has surpassed Coinbase for the first time, hitting $30 billion in a single month. Tushar Jain, Co-Founder of Multicoin Capital (owners of FTX), shared the below chart highlighting the moment FTX passed Coinbase in…
Solana launches $100M fund to attract crypto projects from South Korea
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Solana Ventures and Solana Foundation have raised a $100 million investment fund for crypto projects in South Korea, weeks after Terra’s network collapse left many crypto projects in the country in a state of limbo. The general manager for games at…
Salesforce trials NFT service amid plunging trading volumes
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Bloomberg reported that American cloud-based software company Salesforce is piloting a new non-fungible token (NFT) cloud service for minting, managing, and selling NFTs. The service is titled NFT Cloud and seeks to streamline the NFT experience for consumer brands. Specifically, the…
PayPal adds new crypto functionalities and allows transfers from wallets and exchanges
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! PayPal started to support the native transfer of Bitcoin, Ethereum, Bitcoin Cash, and Litecoin to and from other wallers and exchanges. The new feature will be available only for users in the U.S. With this new feature, U.S.-based Paypal users will…
Texas to launch investigation into Twitter 5% bots claim
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Texas Attorney General Ken Paxton has revealed that his office is launching an inquiry into Twitter’s bot reporting as it might violate the Texas Deceptive Trade Practices Act. The social media company claims that the bot accounts on its platform are…