Bankrupt cryptocurrency firm FTX is seeking to retrieve an undisclosed amount from the U.S. Federal Deposit Insurance Corporation (FDIC) on the grounds that the funds were held for FTX Philanthropy, previously known as FTX Foundation, at Signature Bank, which ceased operations in March 2023. According to a Dec. 21 court…
Quick Take CryptoSlate’s analysis of the dormant Bitcoin supply revealed significant trends in the past few months. This supply, defined as the amount of circulating Bitcoin that has remained inactive for over a year, reached a historic 71% in November. In its recent newsletter, Pantera Capital highlighted an interesting correlation:…
South Korean gaming giant Wemade (WEMIX) teamed up with Whampoa Digital, the technology investment arm of Singapore’s Whampoa Group, to launch a $100 million Web3 fund for driving digital asset initiatives in the Middle East. According to a Dec. 22 statement, Whampoa Digital will join the WEMIX PLAY Center within…
Quick Take A recent examination of the Federal Reserve’s balance sheet reveals a significant trend of quantitative tightening. The balance sheet has contracted by approximately $15 billion in the past week alone, signaling possible upcoming economic shifts. As noted by Charlie Bilello, the Chief Market Strategist at Creative Planning, 2023…
Quick Take Since its inception in 2009, Bitcoin has redefined the traditional trading timelines, operating with nearly 100% uptime and supporting 24/7 transactions. As of Dec. 22, 2023, it has been actively traded for 5,466 days. Compared with the S&P 500, a standard bearer of traditional asset trading that operates…
Solana’s native SOL token continues its meteoric rise this year as it traded near $100 for the first time in 20 months during the early trading hours of Dec. 22, according to CryptoSlate’s data. However, the asset’s value has since retraced to around $91 as of press time. The upward…
Quick Take Analyzing the Accumulation Trend Score provides an overview of the current Bitcoin market dynamics. This metric, which measures the relative strength of accumulation based on the size of entity wallets and their recent coin acquisitions, reveals distinct behaviors among different cohort tiers. Exchanges and miners are omitted from…
Garlinghouse’s comments stem from Gensler’s recent statements about widespread noncompliance in the crypto industry. The regulator emphasized the detrimental impact of these actions on individuals, often leading to bankruptcy without adequate recourse. Gensler said: “There is a lot of noncompliance in the crypto space. It undermines confidence when so many…
Fintech company Fideum Group said its collaboration with traditional payment giant Mastercard would enable it to “integrate digital assets into everyday financial activities.” In an interview with CryptoSlate, CEO Anastasija Plotnikova explained how the company’s status as the overall winner of the Mastercard Lighthouse FINITIV 2023 Fall Program will bolster…
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