SkyArk Chronicles just had a huge NFT mint, but Binance Labs now says the game developer misrepresented its investment.

Decentralized social media protocol Friend.Tech captured attention last year but has noticeably faded from the radar recently. CryptoSlate, using Dune Analytics data compiled by 21.co, discovered a concerning trend – the platform’s failure to attract new users, coupled with indifference from its existing user base. On Jan. 28, the platform garnered a mere 19 new users
The post Friend Tech goes from viral success to virtual ghost town appeared first on CryptoSlate.

Quick Take Over the past three months, there has been a significant rise in the aggregate market cap of the top five stablecoins: USDT, USDC, BUSD, DAI, and TUSD. This value has jumped by a remarkable 10 billion from its previous low of 119 billion in October 2023, in addition to a 3.2% increase in
The post The pivotal role of stablecoins in Bitcoin’s recent surge appeared first on CryptoSlate.

In the ever-evolving world of crypto, the battle lines are drawn within the hallowed halls of the United States Senate. A recent report from Coinbase’s nonprofit advocacy organization, Stand with Crypto, reveals that at least 18 senators have thrown their support behind the crypto revolution. However, the political landscape is far from unanimous, with an

Ethereum Insider and former advisor Steven Nerayoff recently touched on his time working with Ethereum founders Vitalik Buterin and Joe Lubin. As part of his comments, Nerayoff used certain adjectives to describe the duo while also revealing some things they had both done to dampen his reputation. Vitalik An “Idiot” And Lubin A “Sociopath” Nerayoff

The hype around bitcoin ETFs is fading, analysts noted

PayPal’s entrance into the stablecoin market on Aug. 7, 2023, was welcomed by many in the industry, with Circle CEO Jeremy Allaire stating that competition from PayPal was ‘great to have.’ The news of the launch led to a modest 4% rise in the price of Bitcoin, and within days, exchanges were offering low-fee promotional
The post What happened to PayPal stablecoin PYUSD after last year’s launch? appeared first on CryptoSlate.

Cincinnati-based GRIID Infrastructure made its debut on the Nasdaq Monday after publicly listing in Canada earlier this month

Crypto investment products saw their second consecutive week of outflow this year, with $500 million leaving the funds, according to CoinShares’ latest weekly report. Bitcoin dominate Bitcoin investment products experienced significant outflows last week, with a total withdrawal of $479 million. The top cryptocurrency has faced significant headwinds since the U.S. Securities and Exchange Commission
The post Global Bitcoin ETP holdings over 900,000 BTC as Grayscale outflows ‘subside’ appeared first on CryptoSlate.

In what could be a landmark moment, Harvest Fund Management has filed the first spot Bitcoin ETF application…