Cryptocurrency Analysis and News Portal
A catalyst for DOT’s upward price movement last week was the start of the second batch of parachain auctions on the Polkadot network. Parachains are distinct blockchains that run atop the main Polkadot network. Polkadot, however, has a limited number of openings available. To gain access, a parachain has to
Read More
Bitcoin prices rose above $52,000 on Monday before tumbling as much as $3,000 early Tuesday, causing over $94 million in liquidations. Such figures were last seen earlier this month after bitcoin fell as low as $41,000 from highs around $69,000 in November. Losses due to liquidations exceeded $435 million at
Read More
The Ethereum network remains to this day one of the most active and innovative blockchains in the crypto space. Onboarding thousands of users since its inception, Ethereum is the king of DeFi and some of the hottest trends in this industry with billions in total value locked (TVL). However, Ethereum is
Read More
Even if you suffered losses on your crypto investments this year, there’s still some good news. The IRS allows investors to claim deductions on cryptocurrency losses that can lessen tax liabilities or even result in a tax refund. There are also investment strategies you can use throughout the year to
Read More
On-chain data shows that Bitcoin short-term holders have now started to realize significant losses. This could prove to be a bearish signal for the crypto. Bitcoin Short-Term Holders Are Taking Significant Losses As pointed out by an analyst in a CryptoQuant post, the BTC market is now looking at significant losses being
Read More
“The current macro de-risking attitude from traditional finance investors has also affected the broader crypto market, meaning that the most common names will see an obvious decrease in pricing,” James Wo, founder of crypto investment fund Digital Finance Group, said in a Telegram message. Original Source
Read More
Cryptocurrency exchange AscendEX suffered a hack for an estimated $77 million following a breach of one its hot wallets.On Sunday, AscendEX announced via Twitter that it had identified a number of unauthorized transactions from one of its hot wallets on Saturday.Assets not affected have been transferred to cold wallets while
Read More
Meanwhile, fundamentals remain strong for large-cap cryptocurrencies like polkadot and terra. Polkadot’s much-awaited ‘parachain’ feature went live last month, allowing investors and the community to lock up DOT tokens in an auction for other blockchains, that build atop the main Polkadot blockchain. In return investors, receive the native tokens of
Read More
On Wednesday, Nikhil Rathi, CEO of the United Kingdom's Financial Conduct Authority, or FCA, issued the following statement to the Treasury Committee when asked about the risks of the much-unregulated cryptocurrency sector in the country:When we talk about the compensation scheme, we have to draw some pretty clear lines. I
Read More
A tweet from security analysis firm Peckshield first called attention to the alleged hack Saturday night. One of Bitmart’s addresses currently shows steady outflows of entire token balances, some worth tens of millions of dollars, to an address currently labeled by Etherscan as the “Bitmart Hacker” Original Source
Read More