CryptoClan (ENG)

2022-01-10 18:12:01 Binance CEO Zhao Is Worth $96B Excluding Crypto Holdings: Report

The $96 billion figure does not take into account Zhao’s personal crypto holdings, meaning it could be a significant underestimate.

It is likely CZ’s wealth could rival that of Facebook founder Mark Zuckerberg and Google founders Larry Page and Sergey Brin, Bloomberg said.

Among his crypto peers, the 44-year-old’s closest rivals are FTX founder Sam Bankman-Fried ($15.4 billion) and Coinbase CEO Brian Armstrong ($8.9 billion), according to Bloomberg’s index. Open / Comment

2022-01-10 15:22:01 Coinbase Co-Founder Fred Ehrsam Led Insider Sell-off with $91M Worth of COIN Shares

COIN stocks had recovered in Oct-Nov riding on bullish market trends but have fallen significantly in Dec and Jan, so far.

Amid crashing crypto prices after the bull run in October and November 2021, US SEC data reveals that Coinbase executives have been on a selling spree over the past three months. Overall, the insiders dumped more than $90 million worth of COIN. Open / Comment

2022-01-10 11:46:40 Ripple vs SEC : Crypto Space gotta Back Ripple! Battle Predicted to End in April

Attorney John Deaton, a Ripple backer, has issued a warning to the entire cryptocurrency community. The community should view the SEC’s warning to Ripple as a significant concern that extends beyond Ripple’s XRP to the cryptocurrencies they support, according to the attorney.

Deaton, the founder and host of Crypto Law, told YouTuber Naomi Brockwell that members of the crypto community need to put their differences and biases aside for the blockchain networks they support. Open / Comment

2022-01-10 09:22:01 Since bottoming out in the depths of 2018 depression, BTC has only seen this oversold indicators four times at 3k, 10k, 4k, and 30k. Not long after these records were achieved, Bitcoin rallied 340%, 17%, 1585%, 141% accordingly. Open / Comment

2022-01-09 21:11:01 Vitalik Buterin proposes new changes to Ethereum gas fees

Ethereum co-founder Vitalik Buterin proposed a new "Multidimensional" approach to gas fees this week.

High Ethereum gas fees have been a persistent problem since DeFi took off in the summer of 2020. Analysis of average gas fees in dollars shows June 2021 to August 2021 as a period of low gas costs, hovering around $6/$7. Open / Comment

2022-01-09 19:38:45 Social Media Giant Wechat to Support China’s CBDC, Platform Expected to Boost Adoption Rate

China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yuan potentially avails the digital currency to the social media’s 800 million active users. Open / Comment

2022-01-09 18:22:01 Solana Formally Admits having Network Clogging

A smart contracts-enabled cryptocurrency, has formally acknowledged its network is suffering performance issues affecting the throughput of the system and causing it to drop certain transactions.

Degraded performance due to an increase in high compute transactions, which is reducing network capacity to several thousand transactions per second. Open / Comment

2022-01-09 14:03:24 Potential short squeeze ahead

The ratio of Bitcoin’s open interest relative to its market cap has reached the highest level in over a year

The last time the OI/MC ratio increased while Bitcoin’s price decreased was in July 2021, which marked the bottom Open / Comment

2022-01-09 11:27:45 Industry Body for Indian Startups Seeks Crypto Rules in Coming Budget Session of Parliament

The development comes a few days after news broke that tax agencies “inspected” offices of five major cryptocurrency exchanges in the country and “recovered” over Rs 84 crore ($11 million).

“It is critical for the Union Budget to clearly lay down taxation clarity around crypto assets by formally naming them in tax laws,” said a letter to India’s Finance Minister by IndiaTech.org, an industry body of startups including crypto exchanges. Open / Comment

2022-01-08 21:30:35 Bitcoin Dominance Sinks to Lowest Level in 3 Years as Ethereum, Numerous Competitors Gain on BTC

Bitcoin dominance has dropped to the lowest level in just over three and a half years since June 3, 2018, at 37%. Last year, at the end of March, bitcoin dominance hovered just above the 60% zone but since then, numerous digital asset market caps have swelled in value and gathered prominence in the market rankings along the way.

During the first few years, BTC dominance was well above the 90% range, in terms of market capitalization dominance. BTC's dominance is currently coasting along at 37.7% while ethereum commands 18.6%. While ethereum is a formidable foe, many other crypto caps have been moving in on bitcoin's dominance territory. Open / Comment