Author Archives: Cryptoslate

CryptoSlate Wrapped Daily: Genesis files for bankruptcy; Cardano creator wants CoinDesk

Genesis Global Capital has files for chapter 11 bankruptcy. Cardano creator Charles Hoskinson confirms interest in buying CoinDesk. These and other stories in today’s CryptoSlate Wrapped Daily. The biggest news in the cryptoverse for Jan. 20 saw Genesis Global Capital file for bankruptcy. Elsewhere, Cardano creator Charles Hoskinson confirmed that he is interested in acquiring[Read more…]

Robinhood launches self-custody wallet

The wallet currently supports Ethereum and Polygon but is set to expand by adding new networks in the future. Crypto investing platform Robinhood announced the launch of its self-custody Wallet on Jan. 19. Robinhood released Wallet, an İOS app that allows users to transfer and view owned crypto and NFTs. With a waiting list of over one[Read more…]

Active crypto developers grew 5% YoY despite market decline

The study revealed a 3x increase in the number of Bitcoin monthly active developers and a 5x rise in the number of Ethereum developers. BitcoinMonthly active developers grew 5% YoY, despite a more than 70% decline in crypto prices in 2022, according to a recent crypto developer report from venture firm Electric Capital. The report also outlined[Read more…]

CryptoSlate Wrapped Daily: Alameda’s $65B ‘backdoor’; Thailand’s digital wallet system

New court filings reveal that Alameda had $65 billion in artificial credit with FTX. Elsewhere, Thailand is establishing rules for crypto exchanges and digital wallet management. These and other stories in today’s CryptoSlate Wrapped Daily. The biggest news in the cryptoverse for Jan. 17 saw court proceedings reveal that Alameda Research had a $65 billion[Read more…]

Immutable X games collected largest Web3 funding of 2022 – over $900M

Immutable X exclusive games raised around $300 million, while Immutable X-based multichain games collected over $600 million in 2022. Immutable X (IMX) games raised the most significant amount in Web3 funding in 2022, according to a recent report by Delphi Digital. Immutable X exclusive games and Immutable X-based multi-chain games received roughly $300 million and over $600[Read more…]

Solana looks to move back into top 10 as SOL gains 36% over past week

Solana market cap temporarily flipped Polygon following its significant price recovery — SOL sights set on re-entering top 10. Solana (SOL) seeks to move back into the top 10 cryptocurrencies after temporarily flipping Polygon market cap on Jan. 14. Sentiment surrounding SOL has swiftly shifted from bearish — in light of developers leaving Solana — to bullish as SOL price rose[Read more…]

Bitcoin breaks $21,000 alongside $255m of 24-hour spot purchases

Bitcoin has broken $21,000. According to Coingecko data, BTC was valued at $21,083 at 12:59 a.m. UTC on Jan. 14. Its market cap was $403 billion. That change represents a 12% increase in 24 hours. Data also shows that $245 million of shorts have been liquidated over the past 24 hours, while $255 million of[Read more…]

CryptoSlate Wrapped Daily: Ex-Celsius CEO sued by NYAG; Polygon proposes hard fork

Former Celsius CEO Alex Mashinsky has been sued by the New York Attorney General’s office. Elsewhere, Polygon has proposed a hard fork to reduce gas fees. This and more in today’s CryptoSlate Wrapped Daily. The biggest news in the cryptoverse for Jan. 13 saw Celsius’ former CEO face a NYAG lawsuit as the company announced[Read more…]

Polygon plans Jan. 17 hard fork to reduce gas fees

Ethereum (ETH) Layer-2 network Polygon (MATIC) proposed a hard fork on Jan. 17 to reduce gas spikes and address chain reorganizations by changing the BaseFeeChangeDenominator, according to a Jan. 12 statement. Polygon gas spike reduction Although Polygon boasts better scalability and cheaper fees than Ethereum, it is not immune to gas spikes during network congestion. The[Read more…]

Lido now has the highest DeFi TVL as LDO increases 17%

CryptoSlate data shows that Lido’s native token is up by over 17% in the last 24 hours to $1.16 as of press time. Ethereum (ETH) staking protocol Lido (LDO) is now the dominant DeFi protocol based on the total value of assets locked (TVL) in its ecosystem, according to DeFillama data. Lido’s TVL overtook that of[Read more…]