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Biggest Movers: MATIC Hits 10-Month High as AVAX Extends Recent Gains
16.2.2023
Polygon rallied to a ten-month high on Thursday, as the token rose for a third straight session. Overall, cryptocurrency markets rebounded from recent losses, with the global market cap up 5.90% at the time of writing. Avalanche also surged, hitting a one-week high. Polygon (MATIC) Polygon (MATIC)...
Short Trades Make up 90% of $200M in Losses as Bitcoin, Ether Surge
16.2.2023
Bitcoin futures saw some $85 million in losses alone, data shows
Biggest Movers: SOL Rebounds, TRX up for Fifth Straight Session
14.2.2023
Solana was one of Tuesday’s notable movers, as the token rebounded from losses to start the week. The move comes despite U.S. inflation figures missing expectations. Consumer prices came in at 6.4%, higher than the 6.2% many had forecasted. Tron rose for a fifth consecutive session...
Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $22,000 Ahead of US Inflation Report
14.2.2023
Bitcoin rebounded in Tuesday’s session, as markets prepared for this afternoon’s U.S. inflation report. It is expected that the annual rate of inflation in the United States dropped to 6.2% in January, down 0.3% from the month prior. Ethereum also rallied, climbing back above $1,500....
Fed Governor Warns Crypto Prices Could Fall to Zero — Says ‘Don’t Expect Taxpayers to Socialize Your Losses’
13.2.2023
U.S. Federal Reserve Governor Christopher Waller has warned that crypto prices could fall to zero at some point. “Please don’t be surprised and don’t expect taxpayers to socialize your losses” when that happens, the Fed governor stressed. Crypto Prices Could Go to Zero,...
Biggest Movers: SHIB, LTC Rebound From Recent Losses on Saturday
11.2.2023
Shiba inu continued to move away from a recent one-week low on Saturday, as the meme coin rebounded to start the weekend. Although overall sentiment remains bearish, prices are starting the weekend relatively stronger. Litecoin also rebounded in today’s session. Shiba Inu (SHIB) Shiba...
Bitcoin Market Realized On-chain Losses for First Time in Over Two Weeks – What This Means for BTC Price
10.2.2023
Read More: Bitcoin Market Realized On-chain Losses for First Time in Over Two Weeks – What This Means for BTC Price
Tax strategies allow crypto investors to offset losses
4.2.2023
Reporting cryptocurrency when filing taxes can help investors offset their losses
Meta Calls 2023 a ‘Year of Efficiency;’ Anticipates More Losses in Its Metaverse Division
4.2.2023
Meta, the company that owns Facebook, Instagram, and Whatsapp, has shared its fourth quarter results, reporting better numbers than expected. While the company beat revenue estimates, CEO Mark Zuckerberg declared 2023 a “Year of Efficiency,” hinting at a further restructuration of...
Experts Predict Future Regulation of Crypto Exchanges by 2025, With Split Opinion on Similarity to Traditional Finance
3.2.2023
Following finder.com’s reports on bitcoin and ethereum predictions, the product comparison site polled 56 specialists in the fintech and cryptocurrency industry to gauge their thoughts on future regulation of crypto exchanges. The experts predict that virtual currency trading platforms will...
Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say
3.2.2023
Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s...
MicroStrategy says no plans to stop trading BTC as paper loss hits $1.3B
3.2.2023
The company also booked a loss of $34 million on its first-ever Bitcoin sale last quarter but said it was conducted to harvest a tax loss
Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback
2.2.2023
During a Q4 earnings call on Feb. 1, Mark Zuckerberg said he saw no reason to deviate from their long-term Metaverse strategy
Crypto exploit losses in January see nearly 93% year-on-year decline
1.2.2023
Around $8.8 million was lost to crypto exploits in January, a massive decline from the figures this time last year
Tesla’s SEC Filing Shows Bitcoin Fair Market Value of $191 Million
1.2.2023
Tesla’s latest filing with the U.S. Securities and Exchange Commission (SEC) shows that the fair market value of the company’s bitcoin holdings was $191 million at the end of 2022. In addition, billionaire Elon Musk’s electric car company recorded $204 million of impairment...
Biggest Movers: DOGE Hits 8-Week High as Meme Coins Rally on Tuesday
31.1.2023
Dogecoin climbed to an eight-week high on Jan. 31, as prices broke out of a key resistance level on Tuesday. The meme coin surged ahead following the release of the latest consumer confidence report in the United States. Shiba inu also moved higher, rebounding from losses to start the week....
S Korean Police Probe Possible $8m Crypto Scam Targeting Investors Who’d Suffered Losses
31.1.2023
South Korean police are probing a possible $8m crypto scam – after a group of 40 alleged victims complained they were tricked into buying a potentially worthless or non-existent cryptoasset....
Read More: S Korean Police Probe Possible $8m Crypto Scam Targeting Investors Who’d Suffered Losses
Derivatives Body ISDA Hopes New Digital Asset Norms Will Avoid FTX-Style Losses
26.1.2023
The traditional finance standard-setter has set out new digital asset definitions and is looking into crypto bankruptcies, as companies from Celsius to BlockFi undergo lengthy legal proceedings
Bitcoin, Ethereum Technical Analysis: BTC Back Above $23,000 Following Tesla Q4 Earnings Report
26.1.2023
Bitcoin rallied back above $23,000 on Thursday, following the release of Tesla’s quarterly earnings report. The report showed that Tesla was holding 9,720 bitcoin, worth $223 million. Ethereum was also higher, as prices were back above $1,600, rebounding from recent losses in the process....
XRP is bullish: Will it finally recover its losses in 2023?
25.1.2023
XRP is an altcoin that did not perform well in the last few years because of its lawsuit against the SEC, but the case will be resolved in the first half of 2023, and crypto enthusiasts are optimistic about Ripple’s journey in the next few years. At the time of writing this post, XRP was …