Bukele and Sun commit to buy one BTC every day, starting from Thursday amid fears that crypto exchange FTX’s recent collapse would prolong the ongoing crypto winter. Bitcoin-holder El Salvador President Nayib Bukele and Justin Sun, the founder of the Tron cryptocurrency network and Grenada’s ambassador, have decided to accumulate bitcoin at a pace of

Commodity Futures Trading Commission Chair Rostin Behnam has reiterated that Ethereum, the second-biggest cryptocurrency, is a commodity while speaking at a symposium on Oct. 24, Fortune reports. At the same time, Behnam claims that Securities and Exchange Commission Chair Gary Gensler has a different opinion on that matter. As reported by U.Today, Gensler has repeatedly

Crypto.com CEO confirmed the return of the funds and reassured the investors that new processes and features were implemented to prevent a reoccurrence. The fall of FTX highlighted the importance of proof of reserves in averting risks and improving investor confidence, urging leading crypto exchanges to publicly list down their cold and hot wallet addresses.

Huobi held $900 million worth of its own HT token as of Nov. 12. The exchange has promised to perform a Merkle Tree Proof of Reserves audit with a third party within 30 days. Huobi Global, once China’s top crypto exchange, published an asset transparency report on Sunday to reassure users that its funds remain

A Bitcoin whale has moved 3,500 BTC to new wallets for the first time since 2011, changing the address format from P2PKH to P2SH. Amid the ongoing market turbulence for Bitcoin BTC $16,773 and other cryptocurrencies, some big investors are waking up to move their BTC holdings that were untouched for about a decade. According

Justin Sun, founder of the Tron blockchain, has put himself forward as beleaguered crypto exchange FTX’s savior. Sam Bankman-Fried’s firm is once again staring down the barrel after rival exchange Binance said it was walking away from the deal to acquire FTX after it scrutinized FTX’s books. Without volunteering any details, Sun tweeted that he

The Department of Justice (DOJ) said the agency had seized 50,676 BTC tied to the darknet marketplace Silk Road in November 2021, marking its second largest seizure at the time. The bitcoins are worth $1.04 billion. • “This case shows that we won’t stop following the money, no matter how expertly hidden, even to a

The FTX CEO lost an estimated $14.6 billion dollars – nearly 94% of his total wealth – according to the Bloomberg Billionaire Index. FTX CEO Sam Bankman-Fried has vanished from the Bloomberg Billionaires Index after his estimated personal wealth plummeted nearly 94% to $991.5 million in a single day. Binance CEO Changpeng “CZ” Zhao announced

The remaining milestones of the Ethereum roadmap consist of the Surge, the Scourge, the Verge, the Purge and the Splurge. Ethereum co-founder Vitalik Buterin has added a new stage to the Ethereum technical roadmap, one that aims to improve censorship resistance and decentralization of the Ethereum network. The Ethereum network’s new plans were revealed by

Implied volatility stabilizes suggesting bullishness is brewing. Meanwhile, Bitcoin options traders pile into calls at $30,000. Options are financial derivatives in which two parties contractually agree to transact an asset at a stated price before a future date. Glassnode data analyzed by CryptoSlate suggests options traders are expecting Bitcoin and Ethereum to move higher in

During a recent appearance at Web Summit, an annual technology conference held in Portugal, prominent venture capitalist and cryptocurrency enthusiast Tim Draper predicted that Bitcoin, the largest cryptocurrency, would be able to reach $250,000 by January. Draper continues to believe that women will be able to push the crypto king to that price mark. As

The Bitcoin price is regaining bullish momentum over today’s trading session, retracing the losses seen early in the week. Once again, the cryptocurrency is under the influence of macroeconomic forces working in its favor for the first time in months. At the time of writing, the Bitcoin price trades at $21,000 with a 4% profit

Liquidity pools are protocols that pool together large amounts of different tokens into a smart contract for the purpose of providing enough liquidity for buyers and sellers to trade each token at the most efficient price possible.

Roughly $2.5 billion worth of Bitcoin left Binance marketplace over the weekend, which is the largest purchase of 2022. Exchange giant Binance marketplace saw 120,000 Bitcoins (BTC) purchased and moved off the exchange between Oct. 29 and Oct. 30, according to Glassnode data. The amount equates to roughly $2.5 billion, which is the largest Bitcoin

From one Candian coffee shop to a worldwide network of nearly 39,000, crypto ATMs have turned nine years old and are only expected to continue growing. On Oct. 29, 2013, a coffee shop in downtown Vancouver, Canada, opened what is understood to be the world’s first publicly available Bitcoin (BTC) ATM, operated by Robocoin. The

Mining is the process that Bitcoin and several other cryptocurrencies use to generate new coins and verify new transactions. It involves vast, decentralized networks of computers around the world that verify and secure blockchains – the virtual ledgers that document cryptocurrency transactions. In return for contributing their processing power, computers on the network are rewarded

Anon wallets shift 226 billion Shiba Inu just hours before SHIB reaches this milestone According to @shibaplay_ Twitter user, on Saturday, large whales performed SHIB transfers worth $1,221,947 and $1,049,707 (121,829,226,162 and 104,656,752,200, respectively). Per data provided by Etherscan, these whales have been redistributing their crypto riches. Meanwhile, just hours before these transfers took place,

Some serious withdrawals are occurring on the world’s biggest crypto exchange by volume. Despite warnings that a macro bottom may not yet have occurred, Bitcoin investors have wasted no time snapping up BTC above $20,000. The past two days’ gains delivered a sea change to exchange user behavior, with BTC balances dropping across the board.

According to popular tech blogger Jane Manchun Wong, social media giant Twitter is working on a “wallet prototype “that will make it possible to deposit and withdraw cryptocurrencies. Twitter rolled out a feature that made it possible for users to tip content creators with Bitcoin last September. In mid-February, Twitter-native cryptocurrency tipping also became available

According to on-chain analytics firm Santiment, Ethereum saw a considerable number of coins shifting between whale addresses on Thursday, Oct. 20. It reported that a whopping 320,000 ETH were moved on that day as ETH saw its largest transaction volume spike. The key whale transfers occurred as the ETH price declined steadily from its Oct.

CZ first came across Bitcoin in 2013 and was a bit hard by the BTC bug, which led him to sell his house in Shanghai and go all-in. Changpeng “CZ” Zhao, the founder and CEO of global cryptocurrency exchange Binance, is one of the most influential crypto personalities today, but his story is a true