The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Bitcoin records biggest negative hash rate adjustment in a year
Bitcoin is struggling to break above $16K, but there are increased signs of unsustainability with the Hash Ribbon confirming miner capitulation will continue.
Singapore requires banks to hold $125 for every $100 Bitcoin exposure
Singapore's MAS minister said banks in the country have "insignificant" exposure to crypto.
BlockFi becomes another victim of the FTX collpase with bankruptcy filing
BlockFi files for Chapter 11 bankruptcy protection and would seek to recover all obligations owed by its counterparties, including FTX.
Texas wants to be the centerpiece of Bitcoin innovation, says Governor Abbott
Texas Governor Greg Abbott says the states is open for Bitcoin business and wants to be the home of digital asset innovation.
Kraken’s Powell says Binance Proof-of-Reserve is pointless without liabilities
Vinny Lingham tweeted on Nov. 27 that exchanges should publish their Proof-of-Liabilities alongside their Proof-of-Reserves.
BitBoy alleges O’Leary was key player in Celsius collapse along with FTX
Bitboy alleged that Kevin O'Leary was a key player in the Celsius collapse and had close ties to Sam Bankman-Fried.
Germany has the second highest concentration of ETH nodes in the world
Germany has the second-largest concentration of Ethereum validator nodes, thanks to the country’s early entrant advantage in the blockchain sector.
CryptoSlate Daily wMarket Update – Nov. 25-27: Top 10 assets see losses in red market
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Jokes about wrapped ETH depeg cause brief panic on Twitter
While the crypto community joked about the WETH peg, Ethereum's price fell by over 4% during the weekend.
LINE-founded cryptocurrency exchange BITFRONT announces closure
BITFRONT grants users until March 31st 2023 to withdraw funds and set to delete all personal information within 40 days of that date.
JP Morgan believes regulation will lead to convergence of crypto, TradFi
JP Morgan said regulation is coming to crypto following the FTX collapse and highlighted the importance of self-custody, asset security, and customer protection.
Another $2B worth of Bitcoin withdrawn from Coinbase over weekend
Nearly 50,000 Bitcoin are withdrawn from Coinbase daily between Nov. 23 and Nov. 27 — equating to roughly $3 billion.
Bitcoin Core 24, Bitcoin’s controversial upgrade is now live
Bitcoin Core 24 comes with the RBF standard, a feature allowing users to replace unconfirmed BTC transactions with alternative transactions with high fees.
Op-Ed: How the crypto industry is responding to the FTX collapse
Sam Bankman-Fried (SBF) may go down as the most fraudulent individual in the history of crypto.
Energy is the master resource but it could be Bitcoin that reigns supreme
The fight for energy has brought the E.U. to its knees as it struggles to satisfy demand with a weakened currency and rising prices. However, the aftermath of Europe's energy struggle could be beneficial to Bitcoin.