Yield farming, liquidity mining, and staking have become common practices in the crypto market due to the remarkable growth the DeFi ecosystem has witnessed in recent years. These features enable users to earn interest on their crypto holdings by locking them as deposits for specific periods. The concepts sound appealing but there’s one big risk: …
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Several analysts have opined that Bitcoin whales aggressive selling is bearish for the asset. 2 min read Updated: December 24, 2022 at 9:16 pm Cover art/illustration via CryptoSlate Bitcoin (BTC) whales have been selling their assets aggressively while retail investors have been accumulating the coins simultaneously throughout 2022. Bitcoin whales are defined as holders with …
The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto Brokers Told to Comply With …
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Financial institutions in Russia will not be able to communicate with clients through instant messengers based outside the country, local media revealed. A new law passed by the State Duma also prohibits banks from using chats to send personal data and payment documents. Bill Restricts Russian Banks and Brokers From Sending Sensitive Information Through Foreign …
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An analyst who correctly called Bitcoin’s collapse this year is warning BTC holders, saying that a capitulation event for the king crypto is in sight. The pseudonymous analyst known in the industry as Capo tells his 692,200 Twitter followers that Bitcoin continues to flash signs of weakness. While Bitcoin bulls have managed to ignite a …
Defrost Finance, a decentralized leveraged trading platform on Avalanche blockchain, announced that both of its versions — Defrost V1 and Defrost V2 — are being investigated for a hack. The announcement came after investors reported losing their staked Defrost Finance (MELT) and Avalanche (AVAX) tokens from the MetaMask wallets. Moments after a few users complained …
Continue reading “DeFi flash loan hacker liquidates Defrost Finance users causing $12M loss”
The momentary arrest of former FTX CEO Sam Bankman-Fried (SBF) can be attributed to the efforts taken by the crypto community to aid investigations and track down the whereabouts of the infamous entrepreneur. While SBF eventually escaped prison time via a $250 million bail bond, the community continues to monitor his every move publicly. Just …
Continue reading “Sam Bankman-Fried found ‘chilling’ in JFK airport lounge on $250M bail bond”
A strategist at global investment bank JPMorgan says crypto is effectively nonexistent as an asset class for most large institutional investors. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging,” he added. JPMorgan on Institutional Crypto Investing JPMorgan Asset Management’s head of institutional portfolio …
The host of Mad Money, Jim Cramer, says he would not touch crypto in a million years. He called investors who own various altcoins idiots and urged the U.S. Securities and Exchange Commission (SEC) to do “a big sweep” on the crypto industry. Jim Cramer’s Crypto Warnings The host of CNBC’s Mad Money show, Jim …
The cryptocurrency market is still reeling from the previous Fed’s interest hike and the continued impacts of the FTX crash, and this has resulted in […] Go to Source
Despite the current market conditions, a growing number of new crypto projects have potential to return high gains in 2023. Now is a good time […] Go to Source
2022 is coming to an end, and our staff at NewsBTC decided to launch this Crypto Holiday Special to provide some perspective on the crypto industry. We will talk with multiple guests to understand this year’s highs and lows for crypto. In the spirit of Charles Dicken’s classic, “A Christmas Carol,” we’ll look into crypto …
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The Litecoin price has continued to face rejection after it failed to topple over the $80 price level. In the last 24 hours, it barely registered any price movement. It just depreciated by 0.8%. It was an indication of sideways trading for the altcoin. The past week for LTC has been choppy owing to constant …
Continue reading “Litecoin Price Could Present Shorting Opportunities At These Levels”
The Polkadot price has been on a downtrend ever since the beginning of August. The coin has pierced through several price floors in that duration. In the past 24 hours, the coin has lost 1.6%. In the last week, DOT sustained double-digit losses. At this moment, DOT has again resumed its lateral trading, but signs …
Continue reading “Polkadot Price Can Fall To This Level Before Christmas”
The year 2023 looks promising for MATIC. At least, with the way Polygon’s development team is performing, the crypto looks poised for a better year ahead. Polygon, a Layer 2 scaling solution, has recently rolled out zkEVM public testnet (second version) in preparation for the launch of the blockchain’s mainnet. In addition, the ecosystem has …
Continue reading “MATIC Rising: Why Investors Are Upbeat On This Crypto For 2023”
