Argentina’s new government has officially legalized the use of Bitcoin and other cryptocurrencies for contract settlements and payments under a new economic decree. Diana Mondino, the country’s Minister of Foreign Affairs, International Trade and Worship, announced the development on social media on Dec. 21. Mondino said: “We ratify and confirm…

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t…

Coinbase has registered to provide cryptocurrency services in France, according to an announcement from the company on Dec. 21. In an accompanying blog post, Coinbase stated that it has received virtual asset service provider (VASP) approval from France’s Autorité des marchés financiers (AMF), allowing it to operate within the country.…

The U.S. Securities and Exchange Commission (SEC) is rumored to be speaking with multiple spot Bitcoin ETF applicants at once according to a Dec. 21 report. FOX Business correspondent Charles Gasparino wrote on X: “SCOOP: [The SEC] is having what’s described as a rare joint conference call with prospective “spot”…

Ethereum developers have tentatively decided on Jan. 17, 2024, for the upcoming “Dencun” upgrade’s first testnet deployment during the latest bi-weekly dev meeting on Dec. 21. Originally slated for the last quarter of 2023, the ‘Dencun upgrade was pushed to 2024 due to the engineering complexities involved. Tim Beiko, the…

Introduction The realized price and the true market mean price are critical indicators in Bitcoin’s on-chain data analysis, each providing essential insights into the valuation and investor behavior within the cryptocurrency landscape. Understanding the distinction between these two metrics is crucial for a comprehensive grasp of Bitcoin’s valuation, as they…

Arthur Hayes, the co-founder and former CEO of BitMEX, highlighted the potential “juicy arbitrage opportunities” that would emerge for investors who trade on both American and non-American crypto exchanges due to the SEC’s insistence that applicants handle funds in a specific way. In a Dec. 21 post on X (formerly…

The United Arab Emirates’ Financial Services Regulatory Authority (FSRA) has updated its Anti-Money Laundering (AML) and sanctions rules by adding new provisions concerning digital assets, according to a press release issued on Dec. 21. The revisions — effective immediately — are set to enforce the Financial Action Task Force’s (FATF)…

Quick Take A recent analysis of Bitcoin’s on-chain cohorts shows a significant divergence in the realized price between short-term holders (STHs) and long-term holders (LTHs). The realized price, an indicator of the average on-chain acquisition price, serves as a proxy for the aggregate cost basis. For the first time in…

Quick Take CryptoSlate’s data analysis found an interesting correlation between Tether’s (USDT) circulating supply and Bitcoin’s price. The beginning of 2023 saw the USDT supply standing at an estimated 66 billion, dramatically increasing to 91 billion by year’s end. This growth in USDT supply is not isolated but appears to…