Cardano price fake-out? ADA’s 45% rebound in two days could trap bulls
ADA price has seen sharp recoveries during bear markets in the past with many turning out to be bull traps. Go to Source Powered by WPeMatico
trading
Auto Added by WPeMatico
Goldman Sachs reportedly eyes crypto derivatives markets with FTX integration
FTX has sought to integrate brokerage services internally to fulfill trades automatically, however, CFTC has called for greater scrutiny of the demand as it would lead to a monopoly of big players. Go to Source Powered by WPeMatico
Axie Infinity V-shape recovery fizzles as AXS price drops 20% from three-week high
Strong correlation with Bitcoin and traditional markets continue to pull Axie Infinity price lower. Go to Source Powered by WPeMatico
Can Volatility in Crypto Prices Cause Severe Mental Health Issues?
Cryptocurrency markets have been quite volatile since November of 2021. With the prices of various cryptocurrencies rising drastically over Q4 2021 and continuing their bearish momentum for the first half of 2022, there’s no doubt that the volatility has impacted traders’ mental health. However, while most traders and investors can survive a slow and painful … Read more
Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism
This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application that’s similar to Anchor Protocol as it offers more than 20% APY for USDD deposits. Amid Tron’s TVL rising, … Read more
Crypto’s youngest investors hold firm against headwinds — and headlines
The market drawdown and UST/LUNA fiasco may discourage some retail newcomers, but younger investors remain captivated by crypto’s technology. Go to Source Powered by WPeMatico
STEPN rebounds sharply after falling 80% in a month — is GMT price bottoming out?
GMT’s downside pressure remains as an analyst calls STEPN a “hype-driven speculative frenzy.” Go to Source Powered by WPeMatico
Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades
The Federal Revenue of Brazil wants investors to pay taxes on cryptocurrency trading profits, even if there is no exchange for Brazil’s national currency. Go to Source Powered by WPeMatico
Thailand Exempts Crypto Transfers From VAT Until End of 2023
Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will also apply to digital currency issued by the Bank of Thailand. Royal Decrees Enforce VAT Exemption for Crypto Trading in Thailand Investors moving cryptocurrencies and … Read more
Bitcoin price bottom signals flash as ‘fear and greed’ index matches March 2020 lows
On-chain indicators focusing on Bitcoin’s fair valuation and long-term holders’ sentiment also raise its prospects of bottoming out. Go to Source Powered by WPeMatico