Archiv für März 2023
This Crypto Sector Will Grow To $16 Trillion, Here’s How
The world of crypto assets has seen significant growth in recent years, with the total market capitalization reaching over $3 billion in November 2021. A new sector within the cryptocurrency industry is poised to continue the trend and explode in growth terms. According to the decentralized finance expert under the pseudonym “Edgy,” the real-world asset…
Weiterlesen“Nobody will Get Rich Investing In Bitcoin Ever Again,” Crypto Analyst Sparks Debate
While some have continued to increase their investment in Bitcoin due to their belief the asset still has a long way to go in value, prominent crypto analyst Alex Krüger has argued otherwise. In one of his Twitter posts published on March 31, the analyst stated “nobody will get rich investing in Bitcoin ever again.”…
WeiterlesenPolygon (MATIC) Network Growth Forms Bullish Divergence
On-chain data shows the Polygon network growth has been rising while the price has consolidated, a divergence that may be bullish for the price. Polygon Network Growth Has Been Trending Up Recently As pointed out by an analyst on Twitter, a bearish divergence in the indicator also formed a while ago that ended up taking…
WeiterlesenFTX EU Launches Withdrawal Website For European Users
The EU-based subsidiary of the FTX exchange has taken up the challenge to pay back users who lost their investments last year. The EU branch had only operated for seven months after its launch before the parent exchange collapsed. It recently launched a website approved by the Cyprus Securities and Exchange Commission to accept customers’…
WeiterlesenCrypto Chaos On The Horizon, Warns ‚Dr. Doom‘ Economist Nouriel Roubini
Crypto is on the brink of collapse, and renowned economist Nouriel Roubini, also known as “Dr. Doom,” is declaring its impending demise. With a tone of both vindication and warning, Roubini points to the latest development in the U.S. Securities and Exchange Commission’s crackdown on crypto misconduct, championed by none other than its chairman, Gary…
WeiterlesenBitcoin Investors in Denmark Brace For New Tax Burden Following Supreme Court Ruling
Bitcoin (BTC) has once again found itself in the crosshairs of government scrutiny as the Supreme Court of Denmark delivers a groundbreaking verdict – Bitcoin profits are now officially taxable. In two decisive judgments, the justices have set a precedent in determining whether a specific gain from the world’s most valuable digital asset qualifies as…
WeiterlesenBiden Pressures US Regulators To Make Bank Rules More Stringent
The crypto industry and the banking sector are closely correlated, with many crypto exchanges using banks to hold funds and process transactions. Changes in banking regulations can impact the crypto industry, which has been seeking greater legitimacy and integration with traditional financial systems. United States President Joe Biden is stepping up pressure on federal banking…
WeiterlesenPrepping For The Bull Run? These Meme Coins Should Be On Your Radar
With the crypto market showing significant signs of recovery, meme coins could be the next to rally as momentum picks up. So here is a list of meme coins that could have potential when the next bull rally rolls around. Dogecoin (DOGE) As always, Dogecoin (DOGE) remains at the forefront when the talk of meme…
WeiterlesenUSDC Outflow Surpasses $10 Billion, Are Investors Losing Interest In The Stablecoin?
Since the Silicon Valley Bank (SVB) fallout negatively impacted Circle’s USD coin (USDC), the stablecoin has recorded significant outflows. This massive withdrawal from USDC indicates investors have started ditching the stablecoin for other assets. According to data from the crypto market-based data aggregator Coinmarketcap, USDC’s total market capitalization has plummeted by more than 5% within…
WeiterlesenHong Kong To Raise $100 Million To Fund Crypto Industry
Hong Kong aims to regain its status as a leading finance and crypto hub, and to this end, domestic investors have established the ProDigital Fund to raise $100 million. Already having secured $30 million in commitments, the fund aims to reach its target by the end of this year, driving the growth of the digital…
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