Category: Crypto Mining

China initiates crackdown on use of stablecoins in unlawful foreign currency trading

Chinese language authorities have intensified efforts to manage the usage of cryptocurrencies in unlawful overseas change (foreign exchange) buying and selling, South China Morning Put up reported. The crackdown particularly targets the misuse of stablecoins like Tether (USDT) in illegal transactions. The Supreme Individuals’s Procuratorate and the State Administration of International Alternate (SAFE) issued a […]

PancakeSwap’s CAKE token jumps 10% as proposal beneficial properties traction to virtually half the max token provide

PancakeSwap’s native CAKE token value surged practically 10% as we speak, in response to CryptoSlate’s knowledge, following the decentralized trade (DEX) proposal to scale back its most provide by 300 million to 450 million tokens. There are presently roughly 386 million CAKE tokens issued, with 267 million within the circulating provide. The circulating provide is, […]

Bitzlato suspends ‘particular steadiness withdrawals’ whereas property nonetheless beneath seizure

The Russia-linked cryptocurrency alternate Bitzlato introduced a brief halt on sure withdrawal requests on Dec. 27, regardless of having had its property seized by French authorities in January. The corporate wrote in a Telegram message: “… We’re confronted with the necessity to droop particular steadiness withdrawals and technical assist. This can be a momentary measure […]

MicroStrategy controls virtually 1% of the whole Bitcoin provide

Fast Take MicroStrategy’s latest Bitcoin buy for $615 million marks a major stride within the firm’s Bitcoin accumulation. This latest acquisition, which outstrips its earlier purchase in November, valued at $593 million, ranks as MicroStrategy’s third-largest Bitcoin buy so far. With this procurement, the corporate added a formidable 14,620 Bitcoin to its holdings. Nonetheless, this […]

Solana’s vacation spirits excessive because it enjoys a booming December

December has been fairly a month for Solana. The L1 blockchain has seen one of many quickest worth recoveries this quarter, with SOL’s surge fueling the rising curiosity in its DeFi providing. CryptoSlate’s evaluation of Solana’s on-chain discovered important upward traits in virtually all key metrics, indicating a interval of sturdy development and elevated investor […]

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