The MATIC price has remained bearish for most of this month. Presently, MATIC is attempting to correct its price. Over the last 24 hours, the coin is up by 2%. In the past week, however, the coin has depreciated by over 8%. Although, securing daily gains has helped the altcoin reverse some of its weekly …
Continue reading “MATIC Price Enters Recovery Mode But Can It Touch $0.90?”
After a tough week for Dogecoin (DOGE) investors, there was at least a small Christmas present from the European crypto exchange Bitstamp yesterday. The fifth-largest exchange by spot trading volume, according to recent data from CoinMarketCap, announced that it will list Dogecoin. Bitstamp, which is based in Luxembourg, allows trading between fiat currencies and Bitcoin, …
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There is enormous negative sentiment surrounding USDN. And with USDN continuously falling off its track, it’s also pulling WAVES down. WAVES is the native token of the Waves blockchain. According to CoinMarketCap, the token is up by 0.23% or trading at $1.57 as of this writing. There is very little improvement with its current figures. Get …
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From an outside perspective, 2022 has been a rollercoaster ride for crypto. The market reached a total valuation of $3 trillion during the bull market of 2021, only to scale back to its current level of around $810 billion. While this poor performance can be partly attributed to the pervading macroeconomic environment — compounded by …
Continue reading “Santas and Grinches: The heroes and villains of 2022”
A popular crypto analyst says one big milestone will determine which altcoin can challenge Bitcoin’s (BTC) dominance. In a new strategy session, the anonymous host of InvestAnswers tells his 444,000 YouTube subscribers that the blockchain to first amass one billion users will dominate the market. “It all goes back to Metcalfe’s Law and adoption. So …
North Korean hackers are reportedly stealing more than $1.2 billion worth of cryptocurrencies over the past five years. According to the Associated Press, South Korea’s main spy agency, the National Intelligence Service (NIS), says the hackers made off with more than half of their total illicit crypto gains this year alone. Per the report, the …
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The chaos we’ve experienced in global markets this year — global geopolitical upheaval magnified by the confluence of broken supply chains, inflation and heavy national debt loads — seems to signal the beginning of a new era. All of this is within the context of the United States dollar serving as the primary global reserve …
Continue reading “Economic frailty could soon give Bitcoin a new role in global trade”
A key set of crypto tax reporting rules is being delayed until further notice under a decision made by the United States Treasury Department. The rules were supposed to be effective in the 2023 tax filing year, in accordance with the Infrastructure Investment and Jobs Act passed in November, 2021. The new law requires that …
Hong Kong police arrested two executives of the crypto exchange AAX accused of fraud and misleading the police, according to local media reports. Weigao Capital CEO Liang Haoming and former AAX CEO Thor Chan were arrested on Dec. 23. Local authorities accused them of claiming there was “system maintenance” as an excuse to delay customers …
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Ethereum-based DeFi projects have a combined TVL of $45.96 billion — 65.6% of all TVL in DeFi across crypto, according to data from DeFiLlama. 2 min read Updated: December 23, 2022 at 9:54 pm Cover art/illustration via CryptoSlate Total Value Locked (TVL) in decentralized finance (DeFi) platforms stood at $69.95 billion, as of Nov. 30. …
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The COO of Armanino said that his firm “feels good” about its work for the exchange. 1 min read Updated: December 23, 2022 at 9:55 pm Cover art/illustration via CryptoSlate A top Armanino executive defended auditing work that his company performed for FTX.US during an interview published by the Financial Times on Dec. 23. Armanino’s …
Russia’s cryptocurrency mining bill, which would legalize crypto mining and the sale of mined crypto, could be approved by January, according to a report by local news agency Tass on Dec. 23. The bill was introduced in the State Duma, the lower house of parliament, on Nov. 17, 2022. At the time, Anatoly Aksakov, Chairman …
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The price of Bitcoin (BTC) fell by 64.68% to $16,870 from around $47,766 at the beginning of the year, CryptoSlate data shows. At the same time, share prices of Bitcoin mining companies fell by 91% on average from their 52-week high prices, according to Compass Mining. However, this has not deterred mining firms from increasing …
According to the U.S. Securities and Exchange Commission’s Paul Munter, the agency’s acting chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) more closely. “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” Munter explained to the Wall Street Journal (WSJ) on Dec. 22. SEC …
Continue reading “Report: SEC Heightens Probe Into Auditors Servicing Crypto Exchanges”
Court filings show that debtors from FTX Trading Ltd. and Alameda Research want 56 million shares of Robinhood stock frozen after multiple creditors are seeking access to the funds, and also Sam Bankman-Fried (SBF). Court Filing Wants to ‘Enforce an Automatic Stay’ Against Claims Over FTX’s 56 Million Robinhood Shares On Dec. 22, 2022, court …
