LINK staking in community pool filled within the first 2 hours

General access for staking in the community pool for prominent oracle network Chainlink filled up within two hours of its launch. At press time, all allowed 22,500,000 LINK tokens worth around $15.84 million have been staked. General Access to Chainlink Staking v0.1 is now open! Stake your #LINK and earn rewards for helping secure the…

SBF reportedly hires Ghislaine Maxwell’s attorney, Mark Cohen

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Kraken to layoff 1100 people to ‘adapt to current market conditions’

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Ethereum accumulation trend hits new highs following FTX implosion

Ethereum whales and sharks have been accumulating Ether (ETH) at a record rate since the FTX crash, Santiment reported on Nov. 30. 🐳🦈 #Ethereum‘s large key addresses have been growing in number since the #FTX debacle in early November. Pictured are the key moments where shark & whale addresses have accumulated & dumped. The number…

Jokes about wrapped ETH depeg cause brief panic on Twitter

Crypto influencers started a joke about wrapped Ethereum (WETH) losing its peg and becoming insolvent over the weekend, causing a brief panic within the community. The joke started on Nov. 26 when blockchain developer Cygaar tweeted that WETH was about to become insolvent and that they would bail out anyone at a rate of 0.5…

Craig Wright creates ambiguity over Satoshi posts on BitcoinTalk forum

Craig Wright, who claims to be Bitcoin’s inventor Satoshi Nakamoto, appears to have conflicting views regarding the relevancy of Satoshi’s posts on the infamous BitcoinTalk forum. In a blog post from March 2020, Wright stated that not all posts coming from the Satoshi account on BitcoinTalk actually belonged to Satoshi. “It is a myth that…

CryptoSlate Daily wMarket Update – Nov. 21: XRP, MATIC buck top 10 sell off

The cryptocurrency market cap saw net outflows of $15.1 billion over the last 24 hours and currently stands at $781.5 billion, down 1.9% over the reporting period. Bitcoin’s market cap fell 2% to $302.5 billion from $308.8 billion, Ethereum’s fell 3.3% to $132.6 billion from $137.1 billion. The majority of the top 10 cryptocurrencies sold…

US Senators urge Fidelity to drop BTC amid FTX fallout

Fidelity Investments, one of the largest asset managers and 401(k) providers in the world, received another concerned letter from U.S. lawmakers concerned about the FTX fallout. Senators Elizabeth Warren of Massachusetts, Tina Smith of Minnesota, and Richard Durbin of Illinois all signed a letter urging Fidelity to reconsider its exposure to Bitcoin. In April this…

What’s going on with Silvergate, the bank that props up the U.S. crypto market?

Earlier this week, cryptocurrency bank Silvergate announced that its exposure to FTX was limited to its deposits. The U.S. bank, which services the majority of the crypto industry in the country, said that it had no loans or investments in FTX. The bank’s statements managed to soothe the market, with its stock posting a slight…