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Month: December 2022
Crypto Asset Manager Valkyrie Investments Wants to Sponsor, Manage Grayscale Bitcoin Trust
Valkyrie, one of Grayscale’s rivals, previously launched a bitcoin trust and a bitcoin-related exchange-traded-fund (ETF) in 2021. As part of their plan to sponsor GBTC, the world’s largest bitcoin fund, the Tennessee-based company also announced the launch of a new fund, the Valkyrie Opportunistic Fund, LP that seeks to take advantage of GBTC’s discount to the value of its underlying bitcoin, the company said. Original
Sam Bankman-Fried denies moving funds from Alameda wallets
Sam Bankman-Fried, the former CEO of the now-defunct FTX exchange, has denied moving funds tied to Alameda wallets, days after he was released on a $250 million bond. On Dec. 30, Fried tweeted to his 1.1 million followers, denying any involvement in the movement of funds from Alameda wallets. In response to the allegations that he may have been responsible for moving funds out of Alameda wallets, he shared: “None of these are me. I’m not and couldn’t be moving any of those funds; I don’t have access to them…
MEXC Futures Business Grows 1200%, Highlighting the Advantages of Liquidity and Fee Rate
Place/Date: – December 30th, 2022 at 9:31 pm UTC · 3 min read Contact: Jenny Sun, Source: MEXC In early December, the cryptocurrency exchange MEXC announced that its futures business made a significant breakthrough in 2022, with an average daily trading volume growth of 1200%. This data can be verified from third-party public data. On December 20, CoinMarketCap‘s data showed that among the main exchanges, the daily trading volume of MEXC’s futures reached $2.4 billion, ranking fourth globally. Centralized Exchange(CEX) Binance OKX Bybit MEXC Kucoin Huobi 24h Trading Volume $30.2…
Bithumb’s largest shareholder executive found dead following allegations of embezzlement
Mr. Park Mo, the vice president of Vidente, the largest shareholder of South Korean Cryptocurrency exchange Bithumb,was reportedly found dead in front of his home at 4 am, on the morning of Dec. 30. Prior to his death, Mr. Mo had been named as a primary suspect in an investigation launched by South Korean prosecutors for his alleged involvement in the embezzling funds at Bithumb-related companies, as well as, manipulating stock prices. In October 2021, the Financial Investigation Division of the Seoul Southern District Prosecutor’s Office launched an investigation into…
CFIUS Plans to Review Any Deals Made By Bankrupt Crypto Lender Voyager
The review could impact the completion, timing and terms of any such deals, CFIUS said. Source
Polygon (MATIC) Depicts Further Downtrend Next Support Level
The Polygon (MATIC) price has been on a downward spiral for the last couple of weeks. Over the last 24 hours, MATIC lost 4% of its value. The altcoin has also lost about 6% in the last week. Earlier in November, MATIC touched the $1.20 price mark and plunged significantly. Since the coin plummeted in November, the Polygon price has noted a freefall in its value. Going by the technical outlook on the daily chart, buyers are nowhere to be found. It will be difficult for MATIC to sustain itself…
Ethereum founder says he hopes Solana gets a ‘chance to thrive’
Ethereum founder Vitalik Buterin showed sympathy for competitor Solana (SOL) in a Dec. 30 tweet. He said that “smart people” tell him that Solana has “an earnest smart developer community,” and suggested that the opportunists who were involved with the project in the past have been “washed out.” Buterin also expressed hope that the Solana community “gets its fair chance to thrive.” Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain…
‘Ethereum Killers’ Managed to ‘Kill’ Themselves in 2022 Rather Than Beat the Smart Contract Economy’s Heavyweight Champ – Altcoins Bitcoin News
At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to as ‘Ethereum killers,’ would flip the second-largest crypto asset in terms of market capitalization in 2022. As 2022 comes to an end, statistics show that none of the so-called ‘Ethereum killers’ have surpassed the leading smart contract platform token, and a number of these tokens have lost considerable amounts of value during the crypto winter. Ethereum Outperformed Its Competitors in terms of Market Cap, Decentralized Finance Action, and Non-Fungible Token…
DeFi sees exploits and exit scam drama in the last week of 2022: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. For DeFi, the last week of 2022 saw another slew of exploits, insider job accusations and exit scam drama. It all started on Christmas, when Defrost Finance, a decentralized leveraged trading platform on the Avalanche blockchain, was exploited by a DeFi flash loan attack causing $12 million in losses. However, the hacker behind the attacks reportedly returned a portion of the funds the next…