On Mar. 5, Bitcoin reached the all-time high it posted in November 2021, breaking through $69,000 in the late afternoon UTC. However, Bitcoin’s stint at its ATH was extremely brief and was quickly followed by a sharp 14% correction that pushed its price down to $59,300. In the early morning…
Spain’s Data Protection Agency (AEPD) has ordered Worldcoin to halt personal data collection and processing and cease using already gathered data within the country for the next three months. This directive, issued on Mar. 6, addresses several complaints received by the AEPD against Worldcoin, citing inadequate information provision, data collection…
Artificial intelligence company OpenAI has announced its intention to dismiss all allegations made by Elon Musk, revealing the tech billionaire initially assigned the company’s success odds at zero. Responding to Musk’s recent lawsuit alleging a departure from its nonprofit roots, OpenAI unveiled email correspondences shedding light on its interactions with…
The US Securities and Exchange Commission (SEC) wants to leverage a decision from an insider trading case to strengthen its lawsuit against several crypto trading platforms, including Coinbase and Binance.US, according to recent court filings. SEC claims ‘insider trading’ case is relevant Last week, the SEC obtained a default judgment…
The total value of assets locked on the decentralized exchange (DEX) WOOFi plunged by nearly 20% to $45 million after it confirmed it was exploited via a flashloan attack. The hack Earlier today, WOOFi detailed how it fell victim to a hacking episode within 13 minutes. The project explained that…
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of…
One of the more underappreciated aspects of the rise of spot Bitcoin ETFs in the US is the renewed perceived affordability of Bitcoin among new investors. While 1 BTC still equals 1 BTC, investors purchasing shares in Bitcoin ETFs like IBIT, ARKB, BRRR, EZBC, and BITB can do so for…
Quick Take In an extraordinary 24-hour period, Bitcoin soared to a new all-time peak of around $69,200, then experienced a rapid sell-off, dropping the price to near $59,500. Following this tumultuous drop, Bitcoin has since rebounded and is now stabilizing at approximately $67,000. BTCUSD Bitstamp: (Source: Tradingview) This precarious and…
Funding rates are an often overlooked yet vital aspect of the crypto market. These rates are essential in perpetual futures contracts — financial instruments that allow traders to bet on Bitcoin’s price without an expiration date. Funding rates help align the price of these contracts with the actual market price…
The SEC filed a joint motion on March 5 requesting the court to take further action against Binance.US over allegedly failing to comply with regulatory requests for information on customer assets. According to the filing, the SEC claims that Binance.US’s inspections have been insufficient, company counsel has refused to answer…