OpenSea’s Ethereum gas usage has declined to almost zero

CryptoSlate’s analysis of gas consumption on the Ethereum (ETH) network based on transactions interacting with non-fungible tokens contracts showed that OpenSea’s gas usage has declined to almost zero. The analysis included token... Read more »

Analysis of crypto transaction fees suggests exchanges prefer to move in Bitcoin

Crypto exchanges can earn revenue through various means, including lending to margin traders, liquidation fees, and on/off ramping charges. However, the core revenue generator remains taking a fee on transactions. There are... Read more »

Bitcoin halving pattern suggests price will cross above higher, realized value

The Bitcoin halving refers to an event where miners’ block rewards are cut in half. This occurs roughly every four years, depending on when a total of 210,000 blocks have been mined... Read more »

Brazil set to recognize Bitcoin for payment, Kraken layoffs 30% of workforce

The biggest news in the crypto-verse for Nov. 30 includes Kraken laying off 1,100 staff as crypto winter bits hard, Binance expanding to Japan with the acquisition of Sakura Exchange BitCoin (SEBC),... Read more »

Ethereum accumulation trend hits new highs following FTX implosion

Ethereum whales and sharks have been accumulating Ether (ETH) at a record rate since the FTX crash, Santiment reported on Nov. 30. 🐳🦈 #Ethereum’s large key addresses have been growing in number... Read more »

Gemini reveals $601M GUSD backing, 45+ licenses amid global exchange turmoil

The Winklevoss Twins-backed exchange Gemini has announced a “Trust Center” to display a breakdown of funds held on the platform. The page, hosted on the Gemini website, reveals that it holds over... Read more »

Exchanges dismiss rumors of insolvency amid rampant speculation

BlockFi became the latest platform to succumb to crypto contagion, filing for Chapter 11 bankruptcy on Nov. 28. Weeks before, after FTX had also filed for bankruptcy, BlockFi issued a statement saying... Read more »

Taking a deep dive on how the Bitcoin fundamentals look on-chain as the dust settles from the FTX fallout

Price drawdown from ATH compared to previous bear markets Bitcoin is currently down 75% from its all-time high (ATH), with a max drawdown of 76.9% from the fallout of FTX on Nov.... Read more »

Kraken’s Powell says Binance Proof-of-Reserve is pointless without liabilities

Former Kraken CEO Jesse Powell criticized Binance’s Proof of Reserve, calling it an “ignorant or intentional misrepresentation.” I’m sorry but no. This is not PoR. This is either ignorance or intentional misrepresentation.... Read more »

Bitcoin Core 24, Bitcoin’s controversial upgrade is now live

Bitcoin Core 24, the long-awaited but controversial upgrade was activated on Nov. 26, opening the door for the Bitcoin memory pool that will serve as a waiting room for unconfirmed transactions.   The... Read more »