Tether CEO Paolo Ardoino denied reports about the firm being under investigation in the US. Ardoino’s clarification comes after a Wall Street Journal report claimed that federal prosecutors in Manhattan are allegedly investigating the stablecoin issuer. Ardoino said: “WSJ is regurgitating old noise. Full stop.” Tether also denied the claims of an investigation in an official […]
Indian crypto exchange WazirX has disclosed its proof-of-reserves (PoR) report, showing that over 40% of customer assets are stored on third-party exchanges, according to an Oct. 25 statement. The exchange said its PoR dashboard aims to promote transparency by enabling independent verification of its wallet addresses, which include the precise holdings for each asset. WazirX’s […]
Retail investors are leading the charge in the adoption of spot Bitcoin exchange-traded funds (ETFs), accounting for 80% of the total demand, according to a Binance Research report. According to the report, Bitcoin ETFs have seen accelerated adoption since their debut, with cumulative holdings now reaching over 938,700 BTC — approximately $63.3 billion in assets […]
In a recent episode of the SlateCast, Sunny Aggarwal, Co-founder of Osmosis Labs and Polaris, joined CryptoSlate’s Editor in Chief Liam “Akiba” Wright to discuss the future of cross-chain decentralized finance (DeFi), the rise of multi-chain ecosystems, and his new venture, Polaris. Aggarwal delved into the innovations within Cosmos, the role of Bitcoin in decentralized […]
MicroStrategy’s (MSTR) stock has reached a new 25-year peak amid Bitcoin’s potential climb towards the $70,000 mark. Google Finance data reveals that MicroStrategy’s stock, bolstered by its significant Bitcoin holdings, has shown consistent upward momentum throughout the year. As of press time, MSTR has soared by 244% year-to-date and climbed 55% over the past month, […]
Microsoft shareholders are set to vote on a proposal to assess Bitcoin (BTC) as a potential corporate investment at the tech giant’s upcoming annual meeting at the end of the year, according to an Oct. 24 regulatory filing. The proposal, filed by a shareholder advisory board, calls for a detailed evaluation of the flagship crypto’s […]
More than 33,000 crypto investors in South Korea are currently unable to access their assets, which amount to around $13 million, due to the closure of several crypto exchanges in the country, local media outlet The Korea Times reported on Oct. 14. According to the report, 14 virtual asset exchanges in South Korea have either […]
Blockchain investigator ZachXBT has uncovered the identity of a Chinese over-the-counter (OTC) trader accused of aiding the North Korea-affiliated Lazarus Group in laundering stolen crypto. The trader, identified as Yicong Wang, has reportedly helped the group convert tens of millions of dollars in crypto from various hacks into cash through bank transfers since 2022, according […]
Bitcoin mining difficulty has reached a record high, driven by an unprecedented surge in the network’s seven-day moving average hash rate. On Oct. 21, data from Blockchain.com revealed that Bitcoin’s seven-day hash rate reached an all-time peak of nearly 703 exahashes per second (EH/s), marking the first instance where the network surpassed 700 EH/s. Bitcoin […]
MicroStrategy CEO Michael Saylor has dismissed the idea of a government seizure of Bitcoin as a “trope” while advocating for custodianship through large financial institutions over self-custody. In a recent appearance on the “Markets with Madison” podcast, Saylor addressed concerns from what he called “paranoid crypto-anarchists” who fear such seizures. He said such individuals often […]