Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year

Report: Market Valuation of 14 Banking Giants Shed $635 Billion This YearThe world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50% during the time period. A newly published report written by […]

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Market Outlook: BTC Trend Targets $15K, Bitcoin Bull Raoul Pal ‘Irresponsibly Long’

Market Outlook: BTC Trend Targets $15K, Bitcoin Bull Raoul Pal 'Irresponsibly Long'Cryptocurrency markets have been fluctuating quite a bit lately, as bitcoin and a number of crypto assets have been testing new resistance levels. The market valuation of the entire crypto-economy is hovering around $360 billion as a decent portion of the top twenty digital assets have gained 1-15% in the last 24 hours. This Week’s […]

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Market Update: Cryptocurrency and Gold Markets Fueled by Failing Global Economy

Market Update: Cryptocurrency and Gold Markets Fueled by Failing Global EconomyThe cryptocurrency economy has spiked significantly on July 26 into the overnight trading sessions capturing over $300 billion in value. Bitcoin is trading above the $10,360 zone while ethereum is swapping for $321 per coin. Meanwhile, the precious metals gold and silver have seen incredible gains as well on Monday. The Crypto Economy Surpasses $300 […]

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Market Update: Crypto Cap Nears $300 Billion, BTC Hits $10K, ETH Rallies Hard

Market Update: Crypto Cap Nears $300 Billion, BTC Hits $10K, ETH Rallies HardThe digital currency economy is steadily approaching a $300 billion market capitalization, as a great number of coins have been seeing decent gains. Bitcoin touched a high of $10,135 on July 26, during the early morning trading sessions, but ethereum is outpacing the top crypto measured by market valuation. At the time of writing, the […]

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Altseason Imminent: ‘Most Altcoins Should Gain on Bitcoin Soon,’ Says Veteran Analyst

During the last 30 and 90-day intervals, a number of altcoins have done much better than bitcoin, as far as price percentage increases are concerned. Last Thursday, the popular analyst Peter Brandt told his 360,000 followers that the price of ethereum saw a “significant breakout” against bitcoin. Moreover, a number of cryptocurrency proponents have been […]

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ETH Price Strains Defi Collateral Loans as ‘Black Swan’ Event Strikes Makerdao

ETH Price Strains Defi Collateral Loans as 'Black Swan' Event Strikes MakerdaoThe price of ethereum dropping double digits on March 12 sent shockwaves through the decentralized finance (defi) community. Makerdao’s single collateral DAI has been struggling and the low price of ETH has left millions worth of DAI undercollateralized. The defi project’s undercollateralizition was also blamed on price oracle discrepancies. Also read: The 35 Most Influential […]

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$30M Bitcoin Cash ‘SIM Hack’ Sparks Wild Crypto Tales With Vague Sources

$30M Bitcoin Cash SIM Hack Rumor Sparks Wild Crypto Tales With Vague SourcesOn February 21, the crypto Twitter commentator Dovey Wan published a series of tweets about an alleged SIM card hack that purportedly saw the loss of $30 million in bitcoin cash. The story stemmed from a Reddit post that’s now deleted and so far no one has provided any verifiable proof from the proclaimed victim. […]

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Altcoin Season Trending – LINK, XTZ, BSTX, HBAR Gain Up to 120% in 24h

Altcoin Season Trending - LINK, XTZ, BSTX, HBAR Gain Up to 120% in 24hThe last few days have shown bullish price activity across the list of top cryptocurrency markets. There’s been a lot of focus on coins like BTC, ETH, BCH, and EOS, but digital assets like HBAR (120%), STX (52%), XTZ (20%) and LINK (13%) have seen much larger gains this week. The cryptoconomy has surpassed the […]

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IRS Explains What Crypto Owners Must Know to File Taxes This Year

IRS Explains What Crypto Owners Must Know to File Taxes This YearKicking off this year’s tax filing season, the U.S. Internal Revenue Service (IRS) has published important tips for crypto owners to properly file their tax returns. This is the first time a cryptocurrency question has been included in the tax form. The IRS expects more than 150 million filers to reveal whether they acquired or […]

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Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring

Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of RestructuringA year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related effects” such as compensation for sacked employees and devalued assets. Also read: US […]

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