News

Arbitrum DAO to refine legal aid proposal for Tornado Cash amid industry debate

Arbitrum’s decentralized autonomous organization (DAO) has withdrawn a proposal aimed at funding the legal defense expenses of Tornado Cash’s developers. In a Mar. 9 post on social media platform X (formerly Twitter), Joseph Axisa, the Arbitrum DAO contributor who wrote the proposal, explained that it was removed for further refinements. Axisa said: “[The] proposal was […]
The post Arbitrum DAO to refine legal aid proposal for Tornado Cash amid industry debate appeared first on CryptoSlate.
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Cryptocurrency
11 Mar 2024

Over $1 billion wiped off HEX’s valuation following Richard Heart’s disparaging remarks

Ethereum-based Hex’s (eHEX) market capitalization plummeted by more than $1 billion after Richard Heart, the controversial figure behind the project, described it as an illegitimate version. Heart’s controversial statement In an extensive Mar. 10 post on social media platform X (formerly Twitter), Heart renounced eHEX, affirming that only the HEX on Pulsechain was genuine. According […]
The post Over $1 billion wiped off HEX’s valuation following Richard Heart’s disparaging remarks appeared first on CryptoSlate.
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Cryptocurrency
11 Mar 2024

Open interest reaches all-time high as Bitcoin touches $72k

Bitcoin setting a new all-time high and breaking above $72,000 is a significant milestone for the market. Riding the wave of increased institutional interest in spot Bitcoin ETFs, it smashed through the $68,000 ceiling established in November 2021 after a brief correction to $59,000 and seems to be gearing up for more gains this week. […]
The post Open interest reaches all-time high as Bitcoin touches $72k appeared first on CryptoSlate.
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Cryptocurrency
11 Mar 2024

Bitcoin and Ethereum investment options to debut on London Stock Exchange

The London Stock Exchange intends to potentially list Bitcoin and Ethereum exchange-traded notes (ETNs) by the second quarter of this year, as revealed in a Mar. 11 market notice. This followed the UK’s Financial Conduct Authority (FCA) approval for Recognised Investment Exchanges (RIEs) to establish a listed market segment dedicated to crypto asset-backed ETNs, according […]
The post Bitcoin and Ethereum investment options to debut on London Stock Exchange appeared first on CryptoSlate.
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Cryptocurrency
11 Mar 2024

Bitcoin leverage above $66k wiped out creating new floor for higher price discovery

Recent data on Bitcoin liquidations and leverage levels indicates unique price discovery activity as longs and shorts have been swept from the market. Much of the leveraged positions were shaken out last week as Bitcoin saw volatile price actions around the US market open. The liquidation chart from CoinGlass below highlights how trading activity on […]
The post Bitcoin leverage above $66k wiped out creating new floor for higher price discovery appeared first on CryptoSlate.
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Cryptocurrency
11 Mar 2024