Category Archive: Cryptocurrency, No picture
JPMorgan May Launch a Bitcoin Fund This Summer
Key Takeaways JPMorgan seems to be trying to keep up with the growing institutional demand for Bitcoin. The American financial giant has not only recommended investors to add this digital asset to their portfolios, but now is allegedly creating a BTC fund. Sources familiar with the matter affirmed that the new fund could launch as […]
Step Finance Token Launch Spurs Complaints After 200x Rise
Key Takeaways Step Finance’s STEP token launched on Solana this weekend. It initially traded at $0.05 before hitting as high as $9.50. Some of the project’s supporters have argued that the launch was unfair after the price immediately jumped past $0.05. STEP’s rise comes as the Solana ecosystem experiences rapid growth. This news was brought […]
Amnesia Ibiza to Open Nightclub in Ethereum Metaverse
Key Takeaways Decentral Games and Amnesia Ibiza are partnering to launch a virtual nightclub. The club will feature three rooms. One space will show real-time events and another will be dedicated to live streams. Amnesia Ibiza is one of Ibiza’s most popular superclubs. It’s been a staple of the global electronic music scene for more […]
wNews: Biden’s Tax Plan Shines Spotlight on Bitcoin Borrowing Services
Key Takeaways Biden’s proposed tax law has spooked all markets, not just crypto. Experts suggest, however, that the pull back will be short-lived. After last weekend’s flash crash, both Bitcoin and Ethereum have traded sideways until finally revisiting new lows on Thursday. This week’s to-do list shows users three ways to stake and earn lucrative […]
Capital Gains Tax Prompts Crypto Investor Backlash
Key Takeaways Reports suggest that the Biden administration could double the capital gains tax from 20% to 39.6% for large investors. The news caused stock markets and crypto markets to lose value. Though the tax will not affect most crypto investors, it could be detrimental to the crypto industry in a broader sense. The news […]
Synthetix Now Allows Users To Trade Top Tech Stocks
Key Takeaways SynthetixDAO has voted to create new synthetic stocks that track the price of leading tech stocks. Those stocks are called FAANG stocks, short for Facebook, Amazon, Apple, Netflix, and Google. The trading platform will reward users who add liquidity to its Balancer pools by paying out SNX tokens. This news was brought to […]
Bitcoin, Ethereum, and XRP Enter Downtrend With Few Signs of Slowing
Key Takeaways Bitcoin holds above the 100-day moving average while whales go on a selling spree. Ethereum presents a sell signal shortly after making a new all-time high. Ripple’s legal issues in the U.S. continue driving XRP’s price. This news was brought to you by Phemex, our preferred Derivatives Partner. Bitcoin, Ethereum, and XRP faced […]
Turkish Crypto Exchange Thodex Charged With $2 Billion Fraud
Key Takeaways The CEO of one of the largest crypto exchanges in Turkey Thodex is under criminal investigation. The complaint alleges that the CEO had run away with customers’ funds totaling over $2 billion. The Turkish Police have detained 62 people linked with the exchange and issued detention warrants for 16 more persons. This Exchange […]
Rebel Group of Locked Account Holders Complain of “Binance Hell”
Key Takeaways Binance users have banded together to try and get their accounts unlocked, many of which have been frozen since last year. Many users have had tens of thousands of dollars locked in frozen accounts with little to no recourse from the support system. Customer experiences include dead-end conversations with automated bots and a […]
Trust in Tether Returns After Coinbase Pro Lists USDT
This news was brought to you by Phemex, our preferred Derivatives Partner. An important win for Tether as Coinbase Pro adds support for the most popular stablecoin USDT after months of legal uncertainty around its parent company Bitfinex. Tether Is Back New York’s Department of Justice settled on Feb. 23 with Tether and Bitfinex after […]
