Cryptocurrency Analysis and News Portal
Decentralized finance and the numerous platforms offering investment services have been the talk of the cryptocurrency sector for several months, and this has resulted in investors capturing spectacular gains for some of the top DeFi tokens like Uniswap's UNI and AAVE. The fast-moving prices and 1,000% annual percentage yield on staked
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This week Ether (ETH) price finally broke through the $2,000 level as aggressive institutional inflow through Grayscale Investments products and declining exchange reserves signaled that buying pressure was increasing.While many traders are skilled at using perpetual futures and the basic margin investing tools available on most exchanges, they may be
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India is reportedly planning a short-term boost to its coffers by ensuring the nation’s cryptocurrency space is taxed before bringing in a ban on such assets.The government is likely to impose both personal income tax (IT) and the goods and services tax (GST) on gains from trading cryptocurrencies, according to
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Hong Kong’s plan to restrict cryptocurrency investment to professionals means retail investors could move to unlicensed venues, said Global Digital Finance. Source
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An early session slipover in the SushiSwap’s SUSHI market turned into a buying opportunity for traders that were seeking safety against a dwindling cryptocurrency market this Monday. The SUSHI/USD exchange rate climbed by more than 24 percent from its intraday low of $12.80. Traders spotted upside opportunities in the pair as
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Bitcoin (BTC) price posted a 25% gain after this week’s news of Tesla’s $1.5 billion BTC investment came out. Prior to this reveal, BTC was lagging behind Ether’s (ETH) performance by 7.5% but the numerous bullish events of the past few days helped BTC to hit a new all-time high
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Ether (ETH) price has rallied by 33% over the last five days and data shows that as this occurred some buyers began to use excessive leverage. Although this is not necessarily negative, it should be considered a yellow flag as a higher premium on futures contracts for short periods is normal.ETH/USD
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Some retail equities traders, frustrated with recent restrictions on stock buying on trading platforms including Robinhood, are turning their attention to centralized and decentralized cryptocurrency exchanges (CEX and DEX, respectively), according to new data. That’s helping to drive several of these exchanges’ tokens to new highs.Last week GameStop (GME) and
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Rallies in GameStock (NYSE: GME) shares as well as dogecoin (DOGE) and bitcoin (BTC) are piquing the betting interest of traders in China as much as they are in the United States.On Weibo, the popular social media platform in China, the highly active crypto community is speculating on which cryptocurrency
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Retail traders in two U.S. states sued Robinhood Markets Thursday over its decision to prevent buy orders on GameStop (GME) and other so-called “meme stocks” swept up in the Reddit-fueled trading frenzy.The separate suits slam Robinhood over a decision that had immediate repercussions for impacted shares. GameStop, which had been
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