Airdrop culture could pose integral threat to DeFi industry
The sobering fallout of rug-pulled YEAR token has provided an acrimonious ending to a commendable 12 months of growth for decentralized finance. Go to Source Powered by WPeMatico
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73-Year-Old Investor Marc Faber Makes First Ever BTC Purchase
In a recent interview with Cash, renowned stock market analyst and investor Marc Faber revealed that he purchased BTC for the first time during late February. The 73-year-old noted that a conversation with the chief executive officer of Xapo, Wences Casares, sealed the deal. Also Read: Up & Down: Large Volume for Today’s Gainers, ENJ … Read more
$15.4 Billion of New Cryptocurrency Value Was Created During 2018
A report recently published by Diar has estimated that nearly $15.42 billion of value was added to the market capitalization of the combined cryptocurrency markets in the form of newly created tokens and crypto asset inflation during 2018. Also Read: Bitcoin Climbs up China’s First Crypto Ranking of 2019 12 Percent of Current Crypto Market Cap … Read more
US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last Year
The results of a survey published by Credit Karma estimate that crypto investors in the U.S. realized losses of approximately $1.7 billion during the previous tax season. Additionally, the report finds that U.S. investors incurred a further $5.7 billion in unrealized losses. Also Read: Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81M US Cryptocurrency … Read more
Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
When looking at monthly market performance, 2018 was the bloodiest year in the history of the cryptocurrency markets. Of the seven largest cryptocurrencies by market cap, only three were able to produce more than two green monthly candles during 2018. Also Read: Bitblock Publishes Alternative Valuation Model That Suggests BTC Is Underpriced BTC and ETH Produce … Read more
Number of Chinese Crypto Lawsuits Doubles in 2018
According to China Judgements Online, a database of Chinese court documents, half of all lawsuits pertaining to cryptocurrencies were filed last year, highlighting an increase in fraudulent activity despite China’s regulatory crackdown. The database indicates that at least 202 cryptocurrency scams were promoted via more than 3,000 different platforms. Also Read: Indian Central Bank’s Report Shows … Read more
Regulations Round-Up: 21-Year-Old Arrested, Coinbase Files for Patent
In recent news pertaining to cryptocurrency regulations, Alibaba and Tencent are collaborating with Chinese authorities to monitor and prevent peer-to-peer cryptocurrency trading via their respective mobile payments platforms, a 21-year-old has been indicted for operating an unlicensed cryptocurrency exchange, and Coinbase has filed with the U.S. Patent and Trademark Office for a mechanism designed to … Read more
