Analysts from banking giant JPMorgan believe that the profit-taking from the Grayscale Bitcoin Trust (GBTC) may have concluded, potentially alleviating the downward pressure on Bitcoin prices.  The analysts explained that they had estimated that GBTC could see as much as $3 billion in outflows from investors previously exposed to its discount. But with the flow […]
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Ethereum layer 2 network Base has successfully integrated Chainlink Automation to enhance the scalability of smart contracts, according to a Jan. 23 statement provided to CryptoSlate. This integration would allow Base developers access to decentralized, verifiable, and gas-efficient smart contract automation features. Chainlink Automation is a secure and cost-efficient service tailored for Web3 developers, offering […]
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Cathie Wood’s ARK Invest has maintained its strategic investment approach by accumulating shares of its Ark 21Shares Spot Bitcoin ETF (ARKB) for inclusion in its Next Generation Internet ETF (ARKW), according to the company’s latest trade filing seen by CryptoSlate. In this recent transaction, ARK Invest acquired 523,541 ARKB shares at $21 million while divesting […]
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TrueUSD (TUSD) deviation from its $1 peg has widened under the current red market situation. Data from CryptoSlate shows that the stablecoin dipped as low as $0.9778 in the past 24 hours, coinciding with substantial sell-offs seen in the major cryptocurrencies like Bitcoin and Ethereum. On Jan. 16, CryptoSlate highlighted increased volatility in TUSD’s value […]
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The U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler issued a cautionary advisory regarding crypto asset investments just ahead of the highly anticipated spot Bitcoin exchange-traded fund (ETF) approval deadline. In a Jan. 8 post on social media platform X (formerly Twitter), Gensler highlighted the risks of investing in cryptocurrencies, citing regulatory non-compliance, volatility, […]
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Terra’s failed algorithmic stablecoin USTC topped CryptoSlate’s daily biggest gainers list on Nov. 27; the token’s value shot up over 150% in the last day and was up 39.9% over 24 hours at press time. The digital asset rose to $0.07581 during the reporting period, its highest level since May 2022, when the industry was […]
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Coinbase CEO Brian Armstrong has touted his exchange’s compliance-first approach following the issues that bedeviled rival Binance. In a Nov. 21 statement on social media platform X, Armstrong pointed out that Coinbase embraced compliance since its launch in 2012 “to become a generational company that stood the test of time.” “Since the founding of Coinbase […]
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Binance CEO Changpeng Zhao has reportedly pled guilty to violating U.S. anti-money laundering requirements and will step down from his role at the exchange, according to the Wall Street Journal. Reports are surfacing that Binance will also plead guilty to money laundering violations, and CZ will appear in Seattle court today. As of press time […]
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Commerzbank has secured a cryptocurrency custody license, marking the first instance of a German full-service bank obtaining such approval from national regulators, according to a Nov. 15 statement. The bank acquired licensing from the German Federal Financial Supervisory Authority and the European Central Bank, in line with Article 1 Section 1a Sentence 1 No 6 […]
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Binance’s Japanese division announced plans to list 13 new tokens for spot trading and crypto-earning services starting Nov. 27, according to a Nov. 15 statement shared with CryptoSlate. This move increases the exchange’s token offerings from 34 to 47, making it the largest platform with the most extensive token selection in Japan. Per the statement, […]
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