News

The incoming chairman is said to hold a favorable view of Bitcoin and other cryptocurrencies. Bad for Wall Street, Good for Bitcoin Gary Gensler will be named chair of the U.S. Securities and Exchange Commission (SEC) by President-elect Joe Biden, as per a Reuters report on Tuesday that cited two sources familiar with the matter. […]

On January 12, the day the price of Bitcoin dropped from $41,000 to $30,500, over $2.5 billion worth of futures contracts were liquidated. The derivatives market, which was extremely overleveraged and overcrowded, saw a massive reset. Following the shakeout, a pseudonymous trader known as “Byzantine General” said that there is a chance the “bottom” is […]

You don’t want to be Stefan Thomas, the owner of 7,002 Bitcoin, right now. What to do? An American computer scientist is sitting on a fortune of $220 million worth of Bitcoin, as per a report in the New York Times this week. The catch? He can’t access it. Stefan Thomas, the scientist, safeguarded his […]

CryptoSlate recently had the opportunity to chat with Bobby Ong, the co-founder of CoinGecko. CoinGecko was established in April 2014 and is the largest independent cryptoasset data aggregator in the world. Bobby is a contributing author in two digital currencies books – Handbook of Digital Currency, 1st Edition and Handbook of Blockchain, Digital Finance, and Inclusion, […]

Bitcoin bounces at $30k support to allay fears of a complete capitulation. Nonetheless, the 30% drop from last Friday’s high was a real wake-up call for investors. More so for the over-leveraged longs who, to their detriment, chose to ignore the warning signs. As much as recent weeks have been a boon for hodlers, yesterday’s […]

Both Bitcoin and Ethereum have seen large retracements since their recent highs of $42,000 and $1,350, respectively. BTC currently trades for $35,000 while ETH has settled in the $1,075 range. Some cryptocurrencies have been largely unfazed by this drop, though. One such coin is Avalanche (AVAX). The cryptocurrency has gained 130 percent in the past […]

The Ethereum decentralized finance (DeFi) space saw a renaissance in 2020 led by the release of new platforms such as Aave and iEarn (now Yearn), along with the rise of liquidity mining schemes that managed to draw hundreds of thousands into this space. Yet the growth of the DeFi space may not be done yet […]

The demand for Bitcoin is increasing as the rising volatility shows. Coinbase, the largest cryptocurrency exchange in the U.S., recorded $9 billion in daily volume on Jan. 11. Yesterday, Coinbase, Kraken, and several other exchanges and data providers saw technical difficulties amid record-high trading volume. The explosive increase in the trading volume of Bitcoin led […]

The division launched last year after PayPal made a big push for building out and expanding its crypto business. PayPal’s growing volumes Paypal’s new crypto exchange traded north of $242 million in a single day on Monday, data from itBit, the firm’s exchange partner, showed. Retail has arrived. @PayPal cleared $242M in crypto sales yesterday. […]

CryptoSlate recently had the opportunity to chat with Huy Nguyen, CTO and Co-Founder of interoperable blockchain, KardiaChain. Before founding KardiaChain, Huy spent 10 years working at Google, building large-scale distributed infrastructure. Huy studied Electrical Engineering and Computer Science (EECS) at UC Berkeley. In the interview, we discuss: How Huy got into crypto Biggest obstacles for […]