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Exchanges have seen unprecedented outflows of Ether, while Bitcoin has broken over the $43,000 barrier.

ether sees record outflows from exchanges while bitcoin smashes through 43000

Bitcoin (BTC), which is currently trading above $43,000 at press time, has seen more than 15,000 BTC in withdrawals from exchanges this week as it rises above $42,000 and beyond. According to statistics from crypto experts IntoTheBlock, this is the highest outflow from exchanges since January 29th.

The Mina ecosystem has raised $92 million to create a lightweight blockchain for Web3.

mina ecosystem raises 92m to build the lightweight blockchain for web3

The Mina Ecosystem secured $92M through strategic and private sales of MINA led by FTX Ventures and Three Arrows Capital, with the participation by FTX representing the venture fund’s first major backing of zero knowledge-based smart contract technology.
The post Mina ecosystem raises $92M to build the lightweight blockchain for Web3 appeared first on CryptoSlate. …

Inflation, according to Keiser, is “not going to make it” for Americans who have less than 20 Bitcoin.

keiser on inflation americans with less than 20 bitcoin are not gonna make it

Bitcoin-bull Max Keiser gives a grim warning to Americans, saying those with less than 20 BTC are “not going to make it.” Americans, if you have less than 20 #Bitcoin you’re NGMI.
The post Keiser on inflation: Americans with less than 20 Bitcoin are “not gonna make it” appeared first on CryptoSlate. …

Cardano’s ZK Rolloups-based scaling solution has been revealed. 

The official blog post by the team behind Cardano’s first ZK Rollup dubbed ‘Orbis’ revealed how the solution will allow the network to tackle those scaling problems Hydra won’t be able to solve.
The post Cardano’s scaling solution based on ZK Rolloups unveiled  appeared first on CryptoSlate. …

China has made crypto fundraising illegal, and violators could face jail time.

china outlaws crypto fundraising offenders could face jail sentences

Under new legal interpretation from China’s Supreme People’s Court, raising funds using cryptocurrency is deemed as an illegal activity in the country, according to South China Morning Post.
The post China outlaws crypto fundraising, offenders could face jail sentences appeared first on CryptoSlate. …

Analysts predict that inflation will fall; act accordingly.

If nothing extraordinary happens, the Federal Reserve will raise interest rates and implement “quantitative tightening”, that is to withdraw liquidity from the market, in its fight against the high inflation rate.
The post Analysts: Inflation will go down, act accordingly appeared first on CryptoSlate. …

Last week, institutional investors spent $25 million on Avalanche (AVAX).

institutional investors purchased 25 million worth of avalanche avax last week

Despite increased political tensions surrounding the Russia-Ukraine crisis, crypto investment products recorded its fifth consecutive week of inflows, according to the latest report by institutional crypto fund manager CoinShares.
The post Institutional investors purchased $25 million worth of Avalanche (AVAX) last week appeared first on CryptoSlate. …

When the Canadian dollar becomes worthless, Nunchuk says it will ‘be there to serve.’

A Canadian court issued a Mareva Injunction against crypto wallet provider Nunchuk, among other intermediaries and individuals, ordering it to disclose user information and freeze any assets related to the Freedom Convoy 2022 protests.
The post Nunchuk tells court it will ‘be there to serve’ when the Canadian dollar ‘becomes worthless’ appeared first on CryptoSlate. …

Short-term holders fuel volatility, and geopolitics panic markets, as BTC falls below $40,000.

With bitcoin trading mostly sideways during the weekend, without any major movement, the top cryptocurrency by market cap still fell under the important $40,000 mark.
The post BTC below 40k, short-term holders drive volatility while geopolitics spook markets appeared first on CryptoSlate. Source cryptoslate.com…

The state of California is considering making Bitcoin legal tender.

Political advisor Ian Calderon and self-described Bitcoiner Dennis Porter are planning to introduce a bill making Bitcoin legal tender in the state of California.
The post The dominoes are falling, California to considering Bitcoin as legal tender appeared first on CryptoSlate. Source cryptoslate.com…

During times of macro uncertainty, Ethereum on-chain activity slows.

ethereum on chain activity cools off during macro uncertainty

Investors’ concern of the impact of the Fed monetary policy decisions over the US financial markets has been affecting crypto markets as well during the last 2 months.
The post Ethereum on-chain activity cools off during macro uncertainty appeared first on CryptoSlate. Source cryptoslate.com…

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