In 2021, a number of 2010 block rewards were spent after the bitcoins sat idle for more than a decade. Furthermore, in 2020 and 2021, an early miner from 2010 spent strings of 20 ancient block rewards. In 2022, however, only 17 block rewards from 2010 were spent. Alongside this, on March 10, 2022, an entity moved 489.091 bitcoin that…
The DXY has turned bearish and that could prove to be a boon for SPX, cryptocurrency and Bitcoin. Source: https://cointelegraph.com/news/price-analysis-1-2-spx-dxy-btc-eth-bnb-xrp-doge-ada-matic-ltc
Ethereum-based decentralized finance (DeFi) protocol SushiSwap has made the decision to shut down Kashi, its lending protocol, and Miso, its token launchpad. Founded in 2020, SushiSwap allows customers to swap, lend, and borrow cryptocurrencies using their own external wallets, such as MetaMask, in contrast to centralized exchanges such as Coinbase. Explaining the move, the group’s chief technology officer (CTO) Matthew…
Crypto broker Genesis, owned by Digital Currency Group (DCG), is in a bad spot. The company’s lending arm halted customer withdrawals in November amid the downfall of FTX, and it reportedly owes users of crypto exchange Gemini’s Earn product some $900 million. Now, one of Gemini’s founders is calling out DCG’s CEO over what he calls “bad faith stall tactics.”…
Days before the year’s end, Italy’s Senate approved its budget for 2023 on Dec. 29, 2022, which included an increase in taxation for crypto investors — a 26% tax on capital gains on crypto assets trading over 2,000 euros (approximately $2,131 USD at time of publication .) The approved legislation defined crypto assets as “a digital representation of value or rights…
Bitcoin has kicked off 2023 with modest gains—but has barely budged in the past week and is up over the past day by just 1%. According to CoinGecko, the biggest cryptocurrency by market cap is trading for around $16,729. That’s a tiny increase of 1% in 24 hours; over the past week, it’s down 0.7%. And this time last year,…
Jan. 2 “marks 47 days since Genesis halted withdrawals,” Cameron Winklevoss, cofounder of the cryptocurrency exchange Gemini, pointed out in an open letter to Barry Silbert, CEO of the Digital Currency Group (DCG), which owns Genesis. Winklevoss went on to make a blunt appraisal of DCG’s business practices. According to the letter Winklevoss posted on Twitter, Genesis owes Gemini $900…
Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perception may have been a facade as a recent report details that Alameda suffered from financial troubles as early as 2018. People familiar with the matter said Alameda was losing money back then…
The United States economy could be in for an upset. Data from a Wall Street Journal survey revealed financial experts expect the country to face an economic downturn this year. Over two-thirds of economists at 23 major financial institutions that do business with the Federal Reserve believe the U.S. will have a “shallow” or “mild” recession in 2023. Two of…
The price of embattled cryptocurrency Solana (SOL) has shot up by over 11% over the past 24 hours, per CoinGecko. The New Year price bump has seen the cryptocurrency reclaim $11 after several days trading below double-digits. The news follows a show of support from Ethereum founder Vitalik Buterin, who tweeted last week that “smart people” have told him there…
