The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
The case for Bitcoin as a part of retirement savings
Fidelity Investments is bringing Bitcoin to U.S retirement plans. But the jury's out on whether this makes sense, especially in the aftermath of the recent sell-off.
BitMEX founder Arthur Hayes highlights danger of further decline in Bitcoin, Ethereum prices
Hayes says only prayers can save the crypto market if the value of Bitcoin and Ethereum were to crash below a certain threshold.
BlockFi fined $943,000 for not registering securities in Iowa; to pay $100M in settlement
A multi-state investigation in the U.S. found that BlockFi has sold unregistered securities and misrepresented facts about its loan risks.
Celsius CEL price spikes 500% in 30 min – retraces to 115% up on day
Amid the chaos and rumors of Celsius' liquidity problems, the price of its native token jumped to the highest price since April reaching $2.56 on FTX.
Ripple CEO offers advice for “days like today” amid crypto crash
Ripple CEO Brad Garlinghouse sent a message to crypto investors as the total crypto market cap lost 20% of its value,
Coinbase to layoff 1,100 employees after petition against executives
Workers reportedly started an online petition calling for the sacking of senior execs at the biggest U.S crypto exchange. Days later, Armstrong announces a cull in staff numbers.
Saving in Bitcoin 73% more profitable over last 5 years versus S&P500
Even after the recent price dump, Bitcoin is still 73% more profitable as a savings mechanism than the next best asset, the S&P500.
Celsius races to add more collateral to Maker as threat of liquidation looms
Celsius deposited 2,000 WBTC to their collateral throughout the night in an attempt to gain more breathing room before their $534 million Maker vault becomes vulnerable to liquidation.
NYC Mayor plans to ask Governor Hochul to veto crypto mining bill
Passing the crypto mining bill into law will cause New York residents significant economic damage, according to Mayor Adams.
Blockworks’ founder claims crypto headed to ‘lifeless’ stage 3 bear market
Jason Yanowitz recently described the three stages of a bear market and said the market is currently at stage two. Things will get depressing before the market bounces, and the ones who stay will be rewarded.
El Salvador President under fire over $18M loss after Bitcoin tumbles to $23k
Critics take aim at President Bukele as Bitcoin extends losses to sink under $23,000 for the first time since December 2020.
Cardano launches EVM side chain alpha
Developers will now be able to build Solidity-based applications on Cardano using the Ethereum Virtual Machine (EVM) sidechain.
Fears of another Terra-UST implosion simmer as Tron’s USDD stablecoin loses dollar peg
Tron's USDD stablecoin loses dollar peg amid extreme downturn in the crypto market. Fears looms as to its possible crash
Binance announces withdrawal of support for anonymous Litecoin transactions
Binance withdraws support for Litecoin transactions where the sender's address and transaction details can't be verified. They warn that it could result in loss of funds.
Terra Founder Do Kwon allegedly voted on his own proposal using one of his secret wallets
Another investigation has been launched into allegations that the CEO of Terraform Labs manipulated the voting on some proposals by using a secret wallet.