During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that it is further distancing itself from U.S. dollar dependence by purchasing the Chinese yuan on foreign exchange markets. Roughly around the same […]
Kazakhstan Crypto Miners Now Subject To Higher Electricity Charges
The rate varies according to the cost and availability of the electricity needed to mine. Crypto farms that use renewable energy will likewise be awarded the lowest tariff. Cryptocurrency miners in Kazakhstan have been subject to a progressive scale. For the calculation of their monthly power fees as of January 1. The first universal fee, […]
Hedge funds subpoenaed by U.S. prosecutors as Binance probe unfolds: Report
United States prosecutors are investigating hedge funds’ relationships with cryptocurrency exchange Binance for money-laundering violations.
Bitcoin Mining Hashrate Reaches New All-time High This New Year
On 7 January, Bitcoin’s hashrate was reported to be 290 EH/s. The data also reveals that the price of producing Bitcoin has decreased. This first week of 2023 has been particularly intense for Bitcoin’s computing power, as it set a new milestone and ushered in the year by shattering its previous high point. On 7 […]
Navigating the DeFi landscape: Risk management, user experience, and the interplay with CeFi – SlateCast #44
The podcast discusses the decentralized finance (DeFi) industry and its relationship with the centralized finance (CeFi) industry. The guest, Emile from XDEFI, mentions that the market has been difficult recently, with a number of major CeFi platforms collapsing. He also expresses concern about the risk of further collapses, citing the Genesis situation and the lack […]
Ripple and ODL serves 90% of $6 trillion market daily – XRP price to hit $1 soon
Ripple records massive ODL utility within the $6 trillion FX market. The network is considering expanding it activities within UAE in the near future. Ripple is one of the few blockchain-based digital payment networks starting the new year on a very promising note. Ripple’s On-Demand Liquidity (ODL) service is now available to nearly 40 payout […]
FTX Wants to Retrieve the Charitable Donations of SBF
FTX is reportedly trying to recover millions of dollars in donations made by its charity arm, Future Fund, and its former CEO, Sam Bankman-Fried (SBF). According to a report, Future Fund had committed over $160 million to over 110 nonprofit organizations as of September 2020. Those include biotech startups and university researchers working on Covid-19 […]
Will Solana [SOL] find some respite in 2023? These metrics suggest…
Solana registered an unprecedented price surge over the last week Metrics and market indicators looked bullish Solana’s [SOL] new year began on a cheerful note as the token registered an unprecedented surge over the last week. It outperformed all the other cryptocurrencies on the market capitalization front. Are you SOL holdings flashing green? Check the […]
CZ Suggests that Web3 Adoption is Inevitable
Changpeng “CZ” Zhao, the CEO of Binance, suggests that Web3 adoption is inevitable, even if it is slow at first. CZ recently tweeted that 43 out of the top 100 global brands have already “tippy-toed” into the world of Web3. 43 out of 100 top global brands has already tippy toed into web3, in loyalty […]
Despite SEC Battle, XRP Investment Products Saw Record Inflows in 2022: Report
2022 saw many crypto-assets lose value, prompting investors to pull their money from the market. During turbulent times, inflows plummeted massively. According to the latest report by CoinShares, the digital asset inflow was recorded at $433 million, the lowest in four years. The last time figures were hovering near the current level was in 2018, […]