Bitcoin Latest Price Drop Suggests It’s Not ‘Digital Gold’ for Everyone
Bitcoin was cast by some investors as a potential "store of value." Instead, as geopolitical tensions rise, the cryptocurrency's price has fallen. Source
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NFTs Are the Latest Crypto Tax Events Nobody Understands
Casual collectors may be in for a rude awakening this year. Original Source
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Tether slashes commercial paper by 21% in latest reserves attestation
USDT stablecoin issuer Tether cut its reserves allocation to commercial paper by more than one fifth between September and December last year, dropping from around $30.5 billion to $24.16 billion. Tether is legally required to disclose its reserves every quarter as part of an $18.5 million court settlement with the
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Mastercard Adds Crypto Consulting Service in Latest Effort to Boost Cryptocurrency Adoption – Featured Bitcoin News
Payments giant Mastercard is expanding its payments-focused consulting service to include cryptocurrency. It covers “a range of digital currency capabilities, from early-stage education, risk assessments, and bank-wide crypto and NFT strategy development to crypto cards and the design of crypto loyalty programs.” Mastercard’s Crypto Consulting Service Mastercard announced Tuesday the expansion of
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Alfa Romeo Is Building NFTs Into Latest Hybrid Car to Record Vehicle Data
In the same media briefing, Alfa Romeo announced it would be pivoting to sell only electric vehicles by 2027. The company has struggled with its sales in recent years, selling fewer than 19,000 units per year each of the last three years. By comparison, Mercedes-Benz recorded over 60,000 sales in
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Latest DeFi bridge exploit results in $4.4M losses for Meter
The Meter Passport token bridge platform has incurred $4.4 million in losses due to a smart contract hack which also caused Hundred Finance to lose $3.3 million through under-collateralized loans.Meter.io’s Meter Passport (MTRG) is a token bridge that is compatible with Ethereum and its sidechains. This attack affected the Moonriver
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Valr Becomes Latest South African Exchange to Exit Crypto Arbitrage Market – Exchanges Bitcoin News
Crypto exchange Valr has announced it has closed its crypto arbitrage service to new customers in order to comply with the requirements of its banking partner. This announcement makes Valr the latest South African crypto exchange platform to close its arbitrage business. Ovex was one of the first exchanges to
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Dune Analytics Raises Crypto’s Latest Meme Round: $69,420,000
One of Ethereum’s most popular data visualization and analytics platform is gearing up for expansion with a massive fundraising round.On Wednesday, Dune Analytics announced the close of a $69,420,000 round at a $1 billion valuation. (The meme-flavored sum follows crypto exchange FTX raising $420,690,000 last October.)The round was led by
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Are We In A Bear Market? Glassnode Analyses The Latest Bitcoin Crash
Let’s cut to the chase: Glassnode thinks we’re in a bear market. In their latest “The Week On-Chain” newsletter, the company tries to “establish the likelihood that a prolonged bear market is in play” by “using historical investor behaviour, and profitability patterns as our guide.” One thing’s for sure, the
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Phemex to List Smooth Love Potion (SLP) As Their Latest Metaverse Endeavor
Crypto trading and investment platform Phemex is making strides to deliver on its mission to build and support the metaverse. The full-service crypto exchange was launched in 2019 and has already built out a bevy of tools. In a short amount of time, Phemex is already approaching 100 total spot
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