Binance Lawsuit Triggers $700M in Withdrawals; Metaverse Tokens Named by SEC Lead Decline
The unprecedented withdrawals only reflect a small amount of Binance's reserves, according to data from CryptoQuant. Source
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Triggers
Interest rate hike speculation triggers outflows from crypto investment products: Report
On May 2, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Weekly Report,” which stated that the digital asset market experienced bearish sentiment for the second consecutive week, resulting in outflows totaling $72 million. The report noted that the bearish sentiment could be attributed to the probability
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Solana outage triggers ballistic reaction from the crypto community
As the Solana network suffered another setback, crypto community members went on social media to express various concerns, even comparing the blockchain to other projects like Ethereum and Bitcoin. On Feb. 25, the Solana network faced performance degradation issues, resulting in transaction disruptions, leading validators to opt for a network restart.
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3AC new exchange triggers backlash from the crypto community — ‘No, thank you’
The launch of the exchange project backed by the bankrupt hedge fund Three Arrows Capital (3AC) attracted a mob of angry community members who took to Twitter, expressing their disappointment with the state of the crypto space. Open Exchange, a crypto exchange project that was initially proposed by 3AC and Coinflex,
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Frozen bank account triggers switch to Bitcoin salary for a whole year
As Bitcoin (BTC) adoption continues to sow seeds around the world, more and more people are choosing to accept the original cryptocurrency as payment for their goods and services. For individuals, that means accepting BTC as their salary.A Florida-based Bitcoin advocate called SVN (not his real name) took his entire
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Fed Interest Rate Hike Triggers Pullback, Is Bitcoin Headed For A Weak Finish?
Bitcoin had been riding the euphoric high from the CPI data released on Tuesday which showed that inflation was finally slowing down in the United States. The digital asset had been able to clear $18,000 for the first time since the FTX collapse as a result of this. However, the
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Bitcoin traders cross fingers in hopes that a positive Fed meeting triggers a run to $18K
Bitcoin (BTC) failed to break above the $17,250 resistance on Dec. 11 and subsequently faced a 2.2% correction. More importantly, the last daily close above this level was over 30 days ago — reinforcing the thesis of size sellers near the $330 billion market capitalization mark.Curiously, this valuation level is
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Remote work triggers move to DAOs in the post-pandemic world: Survey
A survey sample of working Americans suggests that millennial and Generation Z workers are far more in favor of joining decentralized autonomous organizations (DAOs) and working remotely in the post-Covid-19 world.Over 1,100 Americans took part in a survey conducted by MetisDAO Foundation which explores trends in remote working preferences and
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FTX Disaster Triggers Major Selloff In The Price Of Solana (SOL)
Solana (SOL), post-FTX life, has been very rough. On a monthly and biweekly time frame, CoinGecko data shows bearishness, while daily and weekly time frames show modest appreciation. What this proves is that the wounds left by the demise of FTX have not been healed by Solana’s native token. Ever since FTX collapsed,
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BlockFi bankruptcy filing triggers a wide range of community reaction
As crypto lending platform BlockFi filed for bankruptcy, members of the crypto community reacted with mixed feedback as another platform fell during the current bear market. Despite BlockFi citing the FTX contagion as the reason for its bankruptcy filing, podcaster Matt Odell pointed out a different explanation. Odell wrote that the
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