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 (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
Polkadot has traded at this current value area for some time. Consistent declines by the top market moves had most alternative tokens near their closest support floors and beneath immediate resistance zones. Indeed, the latest conditions in the marketplace have been harsh for crypto investors. Polkadot experienced a swift decline in buying momentum due to … Read more
Bitcoin trades on the edge of closing another week in the red. That would translate to stretching the pessimistic action to two months. Though challenging the $30K mark several times, Bitcoin seems weak to overcome the area as it spends more time beneath the crucial zone. The previous 24 hours saw bullish reactions within the … Read more
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
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 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
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
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
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
