Leading crypto exchange Coinbase has announced the launch of its asset recovery tool, which enables users to recover up to 4,000 unsupported ERC-20 tokens. Previously, users who sent tokens not registered on the Coinbase Ledger were at risk of not receiving them in their wallets. As a result, the funds remained unrecoverable since Coinbase does…
According to its official status page, the U.S-based crypto exchange Gemini was down from 10 pm ET on Dec. 15. The Gemini website appears to be functioning as of press time. Yet, the status page still states that “some systems are currently experiencing outages.” Source: Gemini According to the exchange, Gemini Spaceship was to undergo…
Binance CEO and co-founder Changpeng Zhao called Canadian investor and businessman Kevin O’Leary “a liar” on the CNBC pre-market news program Squawk Box. “How concerned are you that the money given to you by @SBF_FTX will be clawed back? Are you prepared to hand it back to creditors if they were to ask?” @andrewrsorkin asks…
Over the last 24 hours, the Binance USD (BUSD) and Bitcoin (BTC) Proof of Reserves (PoR) have fallen by $3.45 billion, and $472.86 million respectively — according to Glassnode data analyzed by CryptoSlate. Source: (Glassnode) Within that same period. Binance PoR also witnessed approximately $1.86 billion in inflows of both USD Coin (USDC), and Tether…
SwissBorg (CHSB)’s Series A funding round started on Dec. 13, and 3,839 investors have already participated in the funding. Community-centric funding round SwissBorg reserved 28 74 million Swiss Franc Tokens (CHF) for the round. 3,64 million CHF is already sold, with 21.46 million remaining. The current price of CHF is set at $1,66. Daniel de…
Changpeng Zhao (CZ) addressed a number of concerns in the latest Twitter space surrounding the potential impact of regulatory compliance policies on the adoption and development of the web3 economy, particularly in Africa. Adoption and regulatory clarity CZ suggested that regulatory clarity can make adoption easier and highlighted the potential for faster adoption of technology…
Crypto exchange Binance faced the largest stablecoin (BUSD+USDT+USDC) outflows in 24 hours, amounting to $2.159 billion. Despite the recent wipeout, Nansen estimates that Binance still holds $30 billion worth of stablecoins, whereas the value of the total assets sits at $58.79 billion. The BUSD amount represents 26.38%, and the USDT amount represents 21.17% of the…
Less than 12% of the current Bitcoin (BTC) supply is held on exchanges, marking a new low since January 2018, according to Glassnode data analyzed by CryptoSlate. The chart below demonstrates the BTC balance held on exchanges with the orange line and starts in Jan. 2018, when the balance was just above 10.8%. BTC balance…
Binance recorded over $2 billion in outflows in Ethereum-based tokens since Dec. 12 –its highest daily withdrawal since June– according to Nansen data. Source: Nansen When Binance users’ withdrew assets this aggressively in June, the crypto market was reeling from Terra Luna’s collapse. A separate tweet from the blockchain intelligence platform reported that the exchange…
The indictment filed by the US Attorney for the Southern District of New York (SDNY) Damian Williams for the arrest of FTX founder Sam Bankman-Fried includes eight criminal charges. The charges include conspiracy to commit money laundering, conspiracy to commit wire fraud on customers and lenders, conspiracy to commit commodities and security fraud, and separate…