Nearly 20,000 Bitcoins were moved from FTX to Binance within the last two days, increasing the latter’s total Bitcoin holdings to over 640,000. Meanwhile, FTX’s holdings currently stand at 6,000 BTC as of Nov. 8, compared to 80,000 BTC at the start of 2022. FTX reserves FTX Bitcoin balance from January to November 2022 FTX…
Following the recent launch of the Aptos Blockchain, there has been a lot said of the nose dive performed by the native APTOS token. The token fell to a low of $6.75 from a high of $13.73, according to CoinGecko data. However, the founding engineer of Aptos, Josh Lind, also gave his thoughts on the…
The Chief Executive of the Hong Kong Special Administrative Region, John Lee, mentioned a bill to propose establishing a statutory licensing regime for virtual asset providers in his 2022 policy address delivered on Oct.19. The policy address also mentions The Hong Kong Monetary Authority’s (HKMA), the city’s de-facto central bank, efforts towards carrying out market…
Ethereum (ETH) based MakerDAO‘s native coin MKR is up 74% over the last 30 days and currently trading at $1,059, according to CryptoSlate data. However, MKR has been following a downtrend since the beginning of the year, when it was worth roughly $2,680. As of Oct. 20, the price is down nearly 60% from January….
Roughly 50,000 Bitcoin (BTC) were withdrawn from Coinbase on Oct. 18, making it the first time since June that such a massive amount of the flagship token has left the exchange. The chart below demonstrates the Bitcoin withdrawals from Coinbase since the beginning of the year with the orange line. Bitcoin balance on Coinbase According…
Popular meme coin Shiba Inu (SHIB) recorded two all-time highs (ATH) in 2021. Still, the amount of SHIB held in exchanges responded to these highs in opposite directions, according to data from Glassnode. Despite its success throughout 2021, SHIB has been following a downtrend for a year. According to CryptoSlate data, SHIB fell 15.36% in…
Ethereum Classic’s (ETC) Twitter account with over 670,000 followers was repurposed into a new account for rival proof-of-work network Ergo (ERG) on Oct. 6. Hoskinson had control of ETC’s former Twitter account ETC Cooperative executive director Bob Summerville revealed what transpired in a new Twitter thread. So what just happened with this account? 🧵 —…
The total cryptocurrency market cap saw net inflows totaling $43.4 billion. As of press time, it stood at $950.8 billion, up 4.27% over the last 24 hours. Bitcoin’s market cap rose 3.35% over the reporting period to $371.05 billion from $359.74 billion. Meanwhile, Ethereum’s market cap also increased 6.24% to $164.54 billion from $155.88 billion…
The Indian government is working on implementing a goods and services (GST) tax on crypto transactions as legwork for determining the legality of the sector is underway, according to a Sept. 19 Livemint report. GST tax implementation The GST tax will become an indirect tax regime on crypto assets that will act as a check…
Often an overlooked part of the cryptocurrency market, stablecoins can be used to determine the current state of the market. Stablecoin balance on exchanges represents “dry powder,” or idle liquidity that can become a strong driving force in the market. The total stablecoin balance on exchanges has only recently become a significant factor in the…