‘Finality with One Bit’ upgrade live on testnet

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Supply chain tracking platform VeChain has upgraded its consensus mechanism by incorporating “Finality with One Bit” (FOB). The... Read more »

Colombia’s new president seems to be a fan of Bitcoin

Gustavo Petro, who recently won the 2022 Colombian presidential election, has previously made statements in favor of cryptocurrencies. Petro will replace Iván Duque Márquez as the president of Colombia on August 7... Read more »

Which Projects Could Be Affected by 3AC’s Liquidity Crisis?

Key Takeaways Three Arrows Capital is facing a liquidity crisis due to the collapse of the crypto market. It’s believed that the firm could be facing bankruptcy as it struggles to pay... Read more »

Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand

Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday,... Read more »

Importing cars and sending money to family

Bitcoin (BTC) is a tool for freedom and economic empowerment. For one young Zimbabwean, Ovidy, it turned his life around when he returned to his home country at the onset of the... Read more »

OpenSea sees its lowest monthly trading volume since July 21 as it falls 195%

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Data from DappRadar suggests that trading volume on OpenSea is down 57% across all networks over the past... Read more »

Synthetix Surges 70% as Trading Volumes Explode

Key Takeaways Synthetix’s native utility and governance token SNX surged roughly 70% today after the DeFi platform became the third-largest protocol by trading fee consumption in crypto. The notable price surge can... Read more »

SEC Chair Warns of ‘Too Good to Be True’ Crypto Products — US Treasury Calls for Urgent Regulation

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned the public about crypto investments that seem “too good to be true.” Meanwhile, the U.S. Treasury Department says... Read more »

Bitcoin futures enter backwardation for the first time in a year

Bitcoin’s (BTC) month-to-date chart is very bearish, and the sub-$18,000 level seen over the weekend was the lowest price seen since December 2020. Bulls’ current hope depends on turning $20,000 to support,... Read more »

Celsius faces a potential short squeeze; $20M bounty out on info about possible attack

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! There has been a lot of talk about Celsius and its founder Alex Mashinsky over the past week.... Read more »