Month: September 2022

Celsius’ Third Bankruptcy Hearing Yields Little in the Way of Customer Relief

Another hearing for the ongoing bankruptcy case is scheduled for Sept. 14, 2022, though the judge also suggested a separate session to hash out the differences may be beneficial. There is also a hearing scheduled for Oct. 6, 2022, to discuss the custody account holders. Both Celsius and the custody account holders will make proposals ahead of that discussion. Original Source BankruptcyCelsiuscustomerHearingReliefYields CryptoX Portal

Ethereum Classic Hashrate Taps Another All-Time High, ETH Hashpower Remains Unchanged – Bitcoin News

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On August 31, 2022, Ethereum Classic’s hashrate reached another all-time high (ATH) this year at block height 15,850,811. Ethereum Classic’s global hashpower surpassed the 40 terahash per second (TH/s) region on Wednesday. Despite the fact that the network’s hashrate has risen a great deal, Ethereum’s hashrate remains relatively unchanged with just over 1,000 TH/s dedicated to the network. 66 Mining Pools Dedicate More Than 1,000 Terahash to Ethereum, Network’s Hashrate Remains Steady and Unchanged At the time of writing, Ethereum’s total difficulty is 12374533505752422, and when the total difficulty reaches…

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Cardano gets listed on Robinhood but ADA bulls are running out of steam, risking 40% drop

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ThCardano (ADA) market has witnessed back-to-back pieces of good news since Aug. 31, from its listing on Robinhood, a U.S.-based retail investment platform, to the release of its first lending and borrowing protocol, Aada Finance. Additionally, Cardano developer IOHK stated that they are close to clinching “three critical mass indicators” that would lead to the launch of their long-awaited Vasil hard fork in September. Vasil aims to improve Cardano’s scalability and transaction throughput through pipelining. The upgrade could also improve the decentralized application (DApp) and smart contract capabilities by changing the Plutus script,…

Former CFTC commissioner Jill Sommers joins FTX US Derivatives board

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Jill Sommers, who served as a commissioner at the United States Commodity Futures Trading Commission, has joined the board of directors for FTX US Derivatives. In a Thursday announcement, crypto exchange FTX US’ derivatives arm said Sommers had become its latest board member in a move seeming to increase the company’s regulatory efforts. Sommers served as a CFTC commissioner from 2007 to 2013 under former Presidents Barack Obama and George W. Bush and was the managing director of regulatory affairs for the Chicago Mercantile Exchange. According to Sommers, FTX US…

Robinhood Lists Cardano On Platform, ADA Price To Trend Higher?

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Popular U.S. brokerage platform Robinhood has listed Cardano (ADA) for its customer. Users will be able to trade the cryptocurrency starting today and gain exposure to its spot price. According to the announcement, Robinhood listed Cardano due to popular demand. The cryptocurrency has been a retail favorite for years and has managed to make its way into the crypto top 10 by market capitalization. Over the past months, Cardano (ADA) has moved between the third to the eighth most valuable cryptocurrency on the planet. At its high, ADA’s price was…

Crypto Needs a Regulatory Course Correction

Celsius Network, Three Arrows Capital and, most strikingly, Terra have all been brought to ground by dubious business models, questionable working practices and a “profit-first” attitude. This has emboldened skeptics who loudly decry crypto assets as a Ponzi scheme or, at best, a solution in search of a problem. Source

Impulso de compra de criptomonedas se disipa a medida que inversores consideran riesgo de recesión

Si bien la mayoría de los activos de riesgo, incluidos los digitales, se han recuperado con fuerza desde los mínimos de junio, la posibilidad de una postura más agresiva por parte de la Reserva Federal (Fed, por sus siglas en inglés) de los Estados Unidos y la posibilidad de que las altas tasas de interés persistan por un largo tiempo no han sido consideradas del todo, dijo Alkesh Shah, jefe de investigación de activos digitales del banco, en el podcast. Source compraconsiderancriptomonedasdisipaImpulsoinversoresmedidarecesiónriesgo CryptoX Portal

SOL Slips Towards Multi-Month Low, as LTC Surges on Thursday – Market Updates Bitcoin News

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Solana was back in the red on Thursday, as the token fell towards a three-month low in today’s session. The decline comes as cryptocurrency markets fell lower, trading down by as much as 2.39% as of writing. Litecoin was a notable exception, climbing for a second successive session. Solana (SOL) Solana (SOL) was down by over 5% during Thursday’s session, as prices moved closer to a multi-month low. Following a high of $32.38 on Wednesday, SOL/USD slipped to a low of $30.51 earlier in the day. This decline pushes SOL…