Failed crypto exchange QuadrigaCX wallets move funds for first time in three years

Several Bitcoin wallets associated with the defunct Canadian crypto exchange QuadrigaCX have transferred funds after three years of dormancy. Self-described crypto sleuth ZachXBT reported the movement of funds today. The addresses in... Read more »

Bitcoin mining difficulty to end year rising by 3%

Bitcoin mining difficulty is expected to increase by at least 3% on Dec. 19 for the final adjustment of the year, according to Bitrawr Bitcoin difficulty estimator. Source: Bitrawr According to the... Read more »

Miners sent 57K Bitcoin to exchanges in 2022; selling pressure decreasing

This year hasn’t been kind to Bitcoin miners as the invasion of Ukraine in February 2022 triggered a global energy crisis, pushing mining costs through the roof. In addition, the collapse of... Read more »

How Ethereum is gradually becoming a store of value

Ethereum (ETH) might be gradually turning into a store of value based on the volume of the digital asset being held by long-term investors, CryptoSlate’s analysis of Glassnode data revealed. With Ethereum... Read more »

Analysis of on-chain stablecoin data reveals decline in USDT dominance

In 2019, Tether (USDT) had a global stablecoin dominance of 89%, but it has since fallen to just under 50%, according to on-chain data provided by Glassnode — analyzed by CryptoSlate. Throughout... Read more »

Bitcoin and equities roll over as markets digest another round of rate hikes: MacroSlate Report

On Dec. 13., a further decline of CPI to 7.1% was met by an expected rally in equities and a drop in the U.S. dollar and treasury yields. On Dec. 14., Powell... Read more »

Auditing firm BDO could follow Mazars in abandoning crypto clients

BDO could become the latest auditing firm to halt or limit services to crypto companies, based on reports from the Wall Street Journal on Dec. 16. A report from the news publication... Read more »

Audits firms Armanino, Mazars ditch crypto clients in wake of pushback

Audit firms Armanino and Mazars are set to drop their crypto clients following controversies and community pushback. Armanino, Mazars jump ship Auditors Armanino and Mazars count several high-profile crypto companies among their... Read more »

Stablecoins worth $4B exited exchanges in last 7 days

Data analyzed by CryptoSlate analysts revealed that around $4 billion worth of stablecoins left the exchanges over the past seven days, leaving a volume of $38 billion. This analysis is based on... Read more »

Chainalysis data reveals FTX collapse caused $9B in realized losses

FTX’s collapse resulted in around $9 billion in realized losses for crypto investors, according to a Chainalysis report. Chainalysis noted that this loss paled compared to Terra’s UST depeg, which caused a... Read more »