Binance holds the most amount of Bitcoin on exchanges after roles have reversed with Coinbase

Exchange balance refers to the amount of Bitcoin sitting on exchanges, and it was following a downtrend since January 2022 for both Coinbase and Binance when suddenly Binance’s exchange balance took a... Read more »

Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe

CryptoSlate spoke exclusively with a member of the Tornado Cash team who has been granted anonymity for their own protection and will be referred to as “TC Member” for the sake of... Read more »

Siacoin creator Skynet to keep operating despite announced shutdown

Siacoin’s (SC) parent company, Skynet Labs, has announced that it will shut down operations after failing to raise sufficient funds in its latest funding round. However, this decision will not affect the... Read more »

India’s ED freezes $46 million of Vauld’s funds on money-laundering charges

Singapore-based Crypto Lender Vauld is facing money laundering charges in India after $46.5 million (3.70 billion Indian rupees) was frozen from its local entity, Flipvolt Technology. India’s Enforcement Directorate (ED) confirmed in... Read more »

Coinbase credit ratings lowered by S&P Global on ‘weak earnings,’ competitive risk

Coinbase’s recent quarterly report has led S&P Global Ratings to lower its long-term issuer credit rating to BB from BB+ with a negative outlook. The rating agency said Aug. 11 that “weak... Read more »

A World War could trigger ‘an immense spike’ in Bitcoin price, adoption, Covalent CEO says

Since the outbreak of war in Eastern Europe, Bitcoin and cryptocurrency have featured on both sides of the conflict. In the case of Ukraine, at the start of the war, government officials... Read more »

Decentralized exchange dYdX blocks user accounts associated with Tornado Cash

Decentralized exchange (DEX) dYdX confirmed it had blocked customer accounts associated with Tornado Cash to comply with U.S. sanctions. dYdX has a compliance provider that helps flag addresses linked to illegal activities.... Read more »

MakerDAO plans against sanctions from USDC exposure

Following Circle’s freeze of blacklisted Tornado Cash addresses, MakerDAO is re-assessing the risks associated with its USDC collateral. On August 8, issuers of USDC stablecoin Circle froze USDC tokens belonging to 38... Read more »

Bitcoin accumulation trend score shows shrimps buying, whales selling

The accumulation trend score is an on-chain indicator used to determine whether entities are actively accumulating coins. It’s a much better indicator of the overall market sentiment toward buying and selling, as... Read more »

Coinbase CEO Brian Armstrong says ‘the more regulation there is for crypto, the better it is for Coinbase’

Coinbase CEO Brian Armstrong said on an Aug. 9 earnings call that the company is keen to see “common sense frameworks for regulation” next year within the United States. Armstrong said there... Read more »