Cryptocurrency Analysis and News Portal
New reports into Sam Bankman-Fried and his collapsed exchanges revealed that Alameda Research, the now-bankrupt crypto trading firm, almost collapsed in 2018, even before FTX was in the picture.A report published in The Wall Street Journal citing former employees revealed that Alameda incurred heavy losses from its trading algorithm. The
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The Italian Parliament has introduced a 26% capital tax on cryptocurrency gains as part of the 2023 budget law, which was approved on Dec. 29. The document also offers incentives for taxpayers to declare their cryptocurrency holdings, proposing a 3.5% aliquot for undeclared cryptocurrencies held before Dec. 31, 2021, and
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Bitcoin (BTC) begins the first week of 2023 in an uninspiring place as volatility stays away — along with traders.After failing to budge throughout the Christmas and new year break, BTC price action remains locked in a narrow range.Having sealed yearly losses of nearly 65% in 2022, Bitcoin has arguably
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With one of Bitcoin's original core developers claiming that his balance got drained by a hacker, the crypto community is at a loss at how “normal people” can succeed at securing their own Bitcoin (BTC).In a recent thread, Luke Dashjr claimed that some alleged attackers had somehow accessed his PGP
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Financial services providers in Hong Kong are already taking the first steps to provide services to retail investors, according to local reports. Brokers and fund managers in the region have reportedly asked for advice on licensing requirements ahead of new legislation.Lawmakers in Hong Kong passed an amendment to the Anti-Money
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Although they grabbed less media attention than the collapse of centralized organizations, the so-called bridge exploit incidents in 2022 again proved that the decentralized finance (defi) ecosystem still lacks sufficiently secure solutions, Hugo Philion, the co-founder and CEO of Flare Networks, has argued. Philion insists that the lack of such
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Cryptocurrency hackers and exploiters seemingly slowed down for the 2022 holidays as December saw $62.2 million worth of cryptocurrencies stolen, the “lowest monthly figure” of the year according to CertiK.The blockchain security company tweeted a list of the month's most significant attacks on Dec. 31. It highlighted the $15.5 million
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The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be in recession … Even countries that are not in
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One of the original core developers behind Bitcoin (BTC), Luke Dashjr, claims to have lost “basically” all his BTC as a result of a hack that occurred just before the new year. In a Jan. 1 post on Twitter, the developer said the alleged hackers had somehow gained access to his
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Bitcoin price is still facing resistance below $17,000. BTC could decline heavily if there is a clear move below the $16,000 support zone. Bitcoin is still showing bearish signs below the $16,800 and $17,000 resistance levels. The price is trading above $16,500 and the 100 hourly simple moving average. There was a break
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