The United States Bankruptcy Court for the Southern District of New York approved the implementation of the “MiningCo Transaction” for Celsius and its affiliated debtors as part of the Chapter 11 bankruptcy proceedings on Dec. 27. This order, enacted by Chief Judge Martin Glenn, marks a critical juncture in the…
Quick Take CryptoSlate reported on Dec. 27 an intriguing trend observed among short-term holders (STH) of Bitcoin, based on data from Dec. 26. While STHs, who’ve held Bitcoin for less than 155 days, sent $2 billion worth of Bitcoin to exchanges, the majority of them sending Bitcoin at a loss.…
Bitcoin SV led CryptoSlate’s top gainers list for Dec. 28 after rallying over 50% during the past day to reach a yearly high of $95 before retreating to $89 as of press time. This price performance continues a broadly positive week for the cryptocurrency, up 80% during the past week…
PancakeSwap’s native CAKE token price surged nearly 10% today, according to CryptoSlate’s data, following the decentralized exchange (DEX) proposal to reduce its maximum supply by 300 million to 450 million tokens. There are currently roughly 386 million CAKE tokens issued, with 267 million in the circulating supply. The circulating supply…
Quick Take Bitcoin mining stocks have seen a remarkable performance in 2023, outpacing Bitcoin’s already impressive 160% YTD surge. Key mining players, including Hive and Marathon Digital Holdings, have recorded skyrocketing growth figures at an astonishing 274% and 767% YTD, respectively. Data from Fintel points to an intriguing phenomenon –…
Cathie Wood’s asset management firm ARK Invest’s Next Generation Internet ETF (ARKW) sold all its positions in Grayscale’s Bitcoin Trust (GBTC) on Dec. 27 and purchased $92 million worth of ProShares Bitcoin Strategy ETF (BITO), according to the company’s latest trade filing. ARK divesting positions in COIN and GBTC The…
Quick Take In the world of digital asset exchanges, Coinbase holds a unique position as a preferred choice for U.S. institutions, partly due to its status as a publicly traded company. It also serves as the principal custodian for the spot Bitcoin ETFs, currently under consideration by the SEC. However,…
The New York Times (NYT) Company has taken legal action against Microsoft Corporation and various entities associated with OpenAI for alleged infringement on its intellectual property. The lawsuit, filed in the United States District Court for the Southern District of New York, alleges that Microsoft and OpenAI used NYT’s copyrighted material…
The Russia-linked cryptocurrency exchange Bitzlato announced a temporary halt on certain withdrawal requests on Dec. 27, despite having had its assets seized by French authorities in January. The company wrote in a Telegram message: “… We are faced with the need to suspend special balance withdrawals and technical support. This…
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