Cryptocurrency market is ‘most mature’ in these 2 countries, new Huobi report reveals

by webwriter | Dec 8, 2022 | Bitcoin News

Bitcoin (BTC) and crypto are only used by 13.7% of Americans, but they generate more exchange volume than anyone else.The latest data compiled by exchange Huobi confirms that in 2022, the United States is the most “mature” cryptocurrency market. U.S., Vietnam lead the...

Connecting fans to the artists with NFTs – Public Pressure – SlateCast #41

by webwriter | Dec 8, 2022 | Ethereum News

NFT marketplace Public Pressure’s founder and CEO, Sergio Mottola, met with CryptoSlate’s Akiba to talk about the today and tomorrow of music NFTs.What do NFTs offer?Moving forward, Akiba asked Mottola to talk more about what NFTs offer to the music industry and the...

Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage

by webwriter | Dec 8, 2022 | Crypto Updates

The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports a bill designed to regulate the sector which is likely to be adopted...

Mazars says users’ BTC reserves on Binance are fully collateralized

by webwriter | Dec 8, 2022 | Bitcoin News

South African auditor Mazars confirmed on Dec. 7 that cryptocurrency exchange Binance possessed control over 575,742.42 Bitcoin (BTC) of its customers, worth $9.7 billion at the time of publication. Mazars stated that “Binance was 101% collateralized.”The scope of the...

Binance auditor confirms reserves, 3AC founders subpoenaed, and Crypto Twitter drama

by webwriter | Dec 8, 2022 | Ethereum News

The biggest news in the cryptoverse for Dec. 6 includes Polygon co-founder hitting back against ‘jealous’ competition, Crypto.com CEO addressing ‘FUD,’ Binance auditors confirming Bitcoin reserves, and more. CryptoSlate Top StoriesPolygon co-founder addresses...

Bitcoin options data shows bulls aiming for $17K BTC price by Friday’s expiry

by webwriter | Dec 7, 2022 | Bitcoin News

Bitcoin (BTC) price crashed to $15,500 on Nov. 21, driving the price to its lowest level in two years. The 2-day-long correction totaled an 8% downtrend and wiped out $230 million worth of leverage long (buy) futures contracts. The price move gave the false impression...

Court in China Recognizes NFTs as Virtual Property Protected by Law

by webwriter | Dec 7, 2022 | Crypto Updates

A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired to sell a...

Warner Music, Polygon partner with LGND to establish LGND Music

by webwriter | Dec 7, 2022 | Ethereum News

Warner Music Group and Polygon have announced a multi-year partnership with LGND to establish a new collaborative, digital collectible platform called LGND Music.According to a Dec. 6 announcement, “select WMG artists” will be able to launch digital collectibles and...

US lawmakers want State Department to justify crypto rewards and disclose payouts

by webwriter | Dec 7, 2022 | Bitcoin News

The United States lawmakers have proposed an amendment to the State Department Basic Authorities Act of 1956 that includes information on crypto rewards and payouts.The proposed amendment under the National Defense Authorization Act (NDAA) requires the Department of...

Lawmaker Pleads With Sam Bankman-Fried to Attend Congress Hearing on FTX — SBF Says He’ll Testify When He’s Ready

by webwriter | Dec 7, 2022 | Crypto Updates

Congresswoman Maxine Waters, chair of the House Committee on Financial Services, has politely asked former FTX CEO Sam Bankman-Fried (SBF) to attend a congressional hearing on the collapse of his cryptocurrency exchange. Bankman-Fried says he will testify when he has...