Price volatility strengthens public opinion against Bitcoin in El Salvador

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The recent volatility in Bitcoin and the broader crypto market has strengthened public opinion against the leading cryptocurrency, adding to the narrative that the country’s Bitcoin experiment has failed, Julio Sevilla, a professor at the University of Georgia, told NPR. Recent…

Babel Finance suspends withdrawals due to “unusual liquidity pressures”

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! As the crypto winter prolongs, its effects are rippling into different areas of the crypto ecosystem and forcing difficult decisions. Several crypto companies face liquidation risks, cutting their workforce and pausing user activities on their platforms to stay afloat. The latest…

Bitcoin uses 56 times less energy than classical system

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A recently published study compared Bitcoin’s and traditional finance’s energy requirements to find that Bitcoin currently uses 56 times less energy. Even with the current PoW system, one Bitcoin transaction is five times more energy-efficient than a classical transaction. Results of…

BlockFi liquidates major counterparty after it fails to meet margin call

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Crypto lending platform BlockFi liquidated a large client after it failed to meet obligations on an overcollateralized margin loan, the company’s founder and CEO Zac Prince announced June 16. BlockFi can confirm that we exercised our best business judgment recently with…

Binance partners with Spylt to offer users ride-hailing services on its platform

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Binance users will now be able to access ride-hailing services through the platform. Changpeng Zhao, Binance CEO, broke the news of the partnership announcement with Splyt on Twitter. A press release on Splyt’s website revealed details of the partnership. Splyt said…

Binance and TripleA partner for crypto payment option

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Binance has chosen crypto payment processor TripleA as its new universal crypto payment gateway for its Binance Pay payment feature on its mobile applications. The new partnership would play an essential role in helping extend the global use of Binance Pay,…

Bitcoin of America increases ATMs across the U.S. by more than 30%

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Virtual currency exchange company Bitcoin of America has increased its number of ATMs by more than 30% since May. Bitcoin of America had nearly 1,800 Bitcoin ATMs in March. In two months, this number increased to more than 2,500 BTMs in more…

Tether has announced that it will launch USDT on the Tezos network

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Tether Operations Limited, the company behind Tether (USDT), the world’s largest stablecoin by market capitalization, has announced its plans to launch USDT on the Tezos (XTZ) blockchain. This announcement now means that USDT is available on 12 blockchain networks, including Ethereum (ETH), Tron…