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Altcoin
Bitcoin sinks 3.2% as Fed raises interest rates by 50 basis points
The Fed raised interest rates by 50 basis points (bps) following the Dec. 14 Federal Open Market Committee (FOMC) meeting. This brings the Federal Funds Rate to…
Hints of Shibarium Update Spikes SHIB Trading Volume by 28%
In 2022, the cryptocurrency market has seen some of the most catastrophic dwindles. Those empires that were viewed by the outside world as being robust fell in a…
Binance Proof of Reserves fall by $3.5B in 24 hours
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 —…
BUSD’s supply falls below $20B as USDC’s supply climbs above $45B
Binance USD’s (BUSD) supply declined by over 15% to $18.8 billion from $22 billion within the last 24 hours after Binance experienced a surge in withdrawals.The…
CFTC considers Bitcoin, Ethereum, Tether to be commodities
The U.S. Commodity Futures Trading Commission (CFTC) stated in its Dec. 13 court filing against FTX founder Sam Bankman-Fried that digital assets like…
Binance sees the largest outflow of stablecoins in 24 hours
Crypto exchange Binance faced the largest stablecoin (BUSD+USDT+USDC) outflows in 24 hours, amounting to $2.159 billion.Despite the recent wipeout, Nansen…
SlateAsia #2 – Taiwan emerging as crypto-friendly hub in Asia
HighlightsJason’s recent move to Taipei, Taiwan for his venture capital firm, Sora VenturesThe advantages of Taiwan as a location for blockchain and…
FTX CEO John Ray testimony before Congress, SBF denied bail
On Dec. 13 at 10 am ET, John J. Ray III, CEO of the FTX Group, sat as a witness on a hearing entitled “Investigating the collapse of FTX, Part I.”Sam…
Tether to reduce secured loans to zero by 2023
Tether (USDT) said it would remove its secured loans in its reserves by 2023, according to a Dec. 13 blog post.A Dec. 1 Wall Street Journal report said Tether’s…
Binance may have billions stashed in secret reserves not disclosed to public – Sources
Binance’s publicly reported reserves may only be a fraction of all the assets it holds and the exchange has “more money than it is letting on,” a source told…