Bookmarking Crypto Insights
Whale wallet activity and exchange inflows indicate that the recent market sell-off was driven by retail traders, while institutional investors gladly bought the dip. Go to Source Powered by WPeMatico
While bitcoin prices plummeted this week, the network’s hashrate has also dropped considerably since tapping a high on May 9. Since then, the hashrate has seen swings between 10-15% because of the crypto market downturn, alleged issues with power outages in Sichuan, China, and the upcoming difficulty change. Similar to the Price, Bitcoin Hashrate Sees … Read more
Saying crypto posed “a significant detection problem by facilitating illegal activity,” the government body specifically mentioned crypto businesses were in its crosshairs. Go to Source Powered by WPeMatico
Solana, Polygon and Harmony all defied the market crash, solidifying gains when traded against Bitcoin and helping protect crypto investor funds. Go to Source Powered by WPeMatico
Analysts have mixed opinions now that Bitcoin price trades 40% away from its all-time high. ExoAlpha CIO David Lifchitz gives his take on what happened and what’s next for BTC. Go to Source Powered by WPeMatico
The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement for businesses that receive crypto assets with a fair market value of more than $10,000 to report transactions to the IRS. Treasury … Read more
Using a linear regression method, analysts at Invezz have determined that NFT trade volumes could rise to $125.9 million in July and $175.2 million in October. Go to Source Powered by WPeMatico
America’s currency has been flirting with lows again, as the U.S. Dollar Index (DXY) dropped to a low of 89 on Tuesday and the following Thursday. This is the third time since April 2018, the DXY has been this weak, and some analysts think the currency could drop even lower. US Dollar ‘Is a Bit … Read more
Synthetix launches THREE new tokens, and multiple projects tweak their tokenomics in this week’s Finance Redefined. Go to Source Powered by WPeMatico
The university accepted its first crypto donation from an alumnus in January. Go to Source Powered by WPeMatico