Authorities Need To Prioritize Crypto Regulation And Education – IMF Chair

Earlier this month, the Terra network crash resulted in an intense sell-off in the crypto market. Analysts estimate that the crypto market cap dipped by nearly $500B following the crash. All digital assets are still well off their ATHs. The Leading digital asset, BTC, continues to trade at sub-$30K levels. After the network crash, the … Read more

Two Top South Korean Exchanges Raise Concerns Over The Latest Litecoin Upgrade

Two top South Korean exchanges (Bithumb and Upbit) have issued investment warnings over Litecoin’s recent upgrade. It is noteworthy that the exchanges issued their warnings separately. Litecoin’s New Upgrade Might Contradict FATF Policy The English translation of Bithumb’s notice reads, “the Mimblewimble extension blocks (MWEB) enhances Litecoin network’s scalability. However, the developers also included a … Read more

The Next 18 Months Will Be Challenging For Crypto Market Players – Coingecko Co-Founder

Bobby Ong, one of Coingecko’s founders, has predicted that the decision by the US Fed to raise rates to curtail inflation will create a huge difficulty for the crypto market at least for the next 18 months. Ong Explains The Reasons Behind His Prediction He explained that since the crypto market and stock market now … Read more

Amidst De-Pegging Issues, Tether Allays Fears Of A Possible USDT Crash

The largest stablecoin lost its USD peg last week, which resulted in many holders converting their USDT holdings to other stablecoins or fiat. The USDT de-pegging also created intense selling pressure in the wider crypto market. Tether Holdings Ease Fears Of Usdt Holders A part of the latest quarterly report by Tether holdings was dedicated … Read more

Polkadot (DOT) Signals ‘Weak Hands Holding,’ Bears Eye $4

  Polkadot price experiences a steep fall.  The altcoin breached the buyer’s region on DOT’s TSI. Polkadot should climb past $14.25 to invalidate this bearish bias.  Polkadot (DOT) appears weaker than most cryptos in the marketplace. For now, it may be a no home for traders. Interested individuals should give the token more time to … Read more

Waves USDN Stablecoin Slips From the Dollars Peg

93.68% of the Curve pool is made up of USDN, according to crypto writer Colin Wu’s article. Similar ratios were detected in UST’s Curve pools, indicating that the peg is below strain and that more deposits may be required to maintain equilibrium. The USDN price, which is expected to remain stable at around $1, dipped … Read more

21Shares Launches Two Crypto Index Funds For The US Market

On Wednesday, the biggest issuers of crypto ETPs globally, 21Shares, entered the US crypto market space by launching two crypto index funds. Thus, eligible investors can gain investment exposure to digital assets regardless of whether they are large or medium-cap-sized digital assets. Details About The New Index Funds The newly launched index funds will monitor … Read more

Germany’s Federal Ministry Of Finance Outlines Income Tax Rules For Crypto

On Tuesday, the BaFin (Federal Ministry of Finance) issued a 24-page publication that outlined the transparent tax principles for virtual assets as well as for cryptocurrencies. Individual taxpayers, businesses, and tax practitioners at present have a straightforward way regarding the tax requirements dealing with selling, trading, as well as obtaining cryptocurrencies. The chief important factor … Read more

Cosmos (ATOM): Should You Take a Short Position?

Cosmos (ATOM) bears joined the space to ensure consistent pressure since the alt touched its ATH on January 7. Gradual downside moves beneath the multi-month trend-line resistance gave sellers the needed momentum to trigger trend-shifting reversals. For now, ATOM hovers at a tricky level. The 23.6% FIB resistance might reshape the short-term trend trajectory. While … Read more

How Polygon (MATIC) Benefits from Terra’s $30B DeFi Loss

Terra’s recent collapse forced it to eliminate several applications. For instance, the blockchains hat to remove Anchor, which was the chain’s leading DeFi network at some point. Meanwhile, the protocol is worth pretty nothing for now. As these protocols proved valuable use cases, different chains, including Polygon, are chasing the platforms like vultures. Polygon Eyes … Read more