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…
Millions of cryptocurrency traders who previously used FTX are left wondering if they’ll ever receive their funds after the exchange collapsed and subsequently filed for Chapter 11 bankruptcy. It could take years for the digital asset industry to recover. So is it all doom and gloom? Or is there some kind of positive takeaway behind…
The Huobi Token (HT) recorded 64% gains, rising from a local bottom of $3.70 on Nov. 13 to a price of $6.06 at the time of press. Source: HTUSDT on TradingView.com Following a run on FTX, that culminated in the exchange filing for Chapter 11 bankruptcy, cryptocurrency token prices have had a torrid time in…
A total of 100,000 Bitcoin (BTC) were withdrawn from Coinbase in the past two days, marking the third-largest BTC withdrawal in Coinbase’s history.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…
Following promises from Binance CEO CZ, the exchange has released proof of reserves for Bitcoin held on the platform. Customer funds are backed by on-chain reserves of over 582,000 BTC — 1% higher than total customer deposits. The customer net balance was 575,742.4228 BTC as of the snapshot taken on Nov. 11, and on-chain reserves…
Crypto exchange CoinList on Nov. 24 said it was not insolvent, despite its users reporting their inability to withdraw assets. 1/ There is a lot of FUD going around that we would like to address head on. CoinList is not insolvent, illiquid, or near bankruptcy. We are experiencing technical issues that are affecting deposits and…
Russian lawmakers are working on a draft amendment bill enabling the country to launch a national crypto exchange, local media Vedomosti reported on Nov. 23. An unnamed participant in the discussions revealed that the lawmakers were in touch with market stakeholders on the amendments needed for the country’s crypto regulations. According to the report, the legislators…
While some believe the FTX collapse is the straw that breaks crypto, others say it will strengthen the industry in the long run. Is it just a huge road bump as the world moves to web3, or the cliff’s edge for the industry as we know it? On November 12, A&T Capital hosted a Twitter…
According to data shared by crypto influencer John Brown, 91% of Bitfinex exchange’s reserves are Bitcoin (BTC) and Ethereum (ETH). Coinbase follows Bitfinex as a close second by having 63% of its reserves in Bitcoin and Ethereum, according to additional information added by Brown. The ratio of reserves held in BTC & ETH differs strongly…