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Altcoin
NEXO releases proof of reserves showing no exposure to FTX
Despite posting a proof-of-reserves with neither asset breakdown nor wallet addresses, Nexo praised its risk engine as the sole reason for no bad debts. According…
With Bitcoin at $16,000, Will Solana, XRP Lead Bullish Rallies?
Coins from the market managed to marginally step out of the bearish woods on Tuesday. The cumulative value of all cryptos elevated by roughly 2% in 24 hours and…
Crypto community points the finger at Binance, KuCoin, Nexo
BlockFi became the latest platform to succumb to crypto contagion, filing for Chapter 11 bankruptcy on Nov. 28.Weeks before, after FTX had also filed for…
Huobi announces launch of world’s first national token, DMC
Huobi has said that it will be launching the world’s first national token called Dominica Coin (DMC) — endorsed by the Commonwealth of Dominica.Huobi said it…
Taking a deep dive on how the Bitcoin fundamentals look on-chain as the dust settles from…
Price drawdown from ATH compared to previous bear marketsBitcoin is currently down 75% from its all-time high (ATH), with a max drawdown of 76.9% from the fallout of…
More Bitcoin leaves Coinbase; Kraken CEO deems Binance’s proof of reserves…
The biggest news in the cryptoverse for Nov. 28 includes Kraken CEO saying Binance Proof-of-Reserve is pointless without proof of liabilities, Coinbase losing…
VP of AAX speaks out against handling of company bankruptcy decision
Vice President of the Hong Kong exchange AAX, Ben Caselin, has announced that he has resigned.Hong Kong exchange AAX VP BEN said that he had resigned. A…
Kiln acquires €17M via funding round; aims to expand staking services
Kiln, a leading staking products provider, has acquired €17 million through a financing round. The prominent firm, through the funds, intends to enhance its…
Binance led 2017 ‘dumb money’ Bitcoin investment; FTX leads 2022 cycle
Bitcoin (BTC) withdrawal patterns on centralized exchanges have changed significantly over the past five years.CryptoSlate analysis of Glassnode data on BTC’s…
Blockfi becomes another victim of the FTX collpase with bankruptcy filing
The FTX downturn is gradually spreading to more cryptocurrency firms as BlockFi is the next firm to file for bankruptcy. BlockFi said Nov. 28 that it filed for…