Days like today often flash headlines of massive liquidations, while the terms ‘spot’ and ‘futures’ mystify many. Let’s break down these complex terms and their significance in the crypto market. ELI5 (Explain Like I’m 5) Suppose you’re at a school fair. You see a toy you want, but you only have enough tickets to buy The post ELI5:50 Explaining crypto liquidations – The world of spot and futures crypto purchases appeared first on CryptoSlate.

Bitcoin’s value reached notable heights over the weekend, increasing 4% over the past 24 hours. It rose significantly to $28,200 on Oct. 2, marking its highest trading value since August, according to CryptoSlate data. This growth comes amidst persistent anticipation surrounding the future of spot Bitcoin exchange-traded funds (ETFs). The U.S. Securities and Exchange Commission The post Bitcoin breaks 30 day high passing $28k as SEC considers future of spot Bitcoin ETFs appeared first on CryptoSlate.

As founder Sam Bankman-Fried (SBF) prepares for trial on fraud charges in the U.S., a recent Wired magazine article highlights how the failure of cryptocurrency exchange FTX affected users worldwide. Taking a moment to reconsider that which was lost by so many around the world feels fitting ahead of SBF’s trial commencing next week. So, The post Wired unveils the global toll of FTX collapse amid Sam Bankman-Fried looming trial date appeared first on CryptoSlate.

Celsius has objected to a motion filed by cryptocurrency company Galaxy Digital seeking over $190,000 in fees for storing only $2.67 worth of Celsius’ digital assets. In a bankruptcy court filing Thursday, Celsius argues that Galaxy’s services were not necessary expenses deserving priority repayment. Celsius filed for Chapter 11 bankruptcy protection in July. The two The post Celsius claim Galaxy Digital seeking over $190,000 to repay $3 debt appeared first on CryptoSlate.

The past week has been marked by several significant advancements in AI, with tech giants and startups pushing the boundaries of what can be accomplished. From OpenAI’s groundbreaking update to its popular AI chatbot, ChatGPT, to Meta’s announcement of AI-powered smart glasses, the landscape of artificial intelligence is evolving rapidly, fueling competition and innovation. OpenAI’s The post Huge week for AI as tech giants Meta, Amazon, Microsoft all make big plays appeared first on CryptoSlate.