In brief Yield farming lets you lock up funds, providing rewards in the process. It involves lending out cryptos via DeFi protocols in order to earn fixed or variable interest. The rewards can be far greater than traditional investments, but higher rewards bring higher risks, especially in such a volatile market. Yield farming involves lending cryptocurrency via, in most cases,…
Month: March 2023
What Is Yield Farming? Beginner’s Guide
In brief Yield farming lets you lock up funds, providing rewards in the process. It involves lending out cryptos via DeFi protocols in order to earn fixed or variable interest. The rewards can be far greater than traditional investments, but higher rewards bring higher risks, especially in such a volatile market. Yield farming involves lending cryptocurrency via, in most cases,…
What Is Yield Farming? Beginner’s Guide
In brief Yield farming lets you lock up funds, providing rewards in the process. It involves lending out cryptos via DeFi protocols in order to earn fixed or variable interest. The rewards can be far greater than traditional investments, but higher rewards bring higher risks, especially in such a volatile market. Yield farming involves lending cryptocurrency via, in most cases,…
What Is Yield Farming? Beginner’s Guide
In brief Yield farming lets you lock up funds, providing rewards in the process. It involves lending out cryptos via DeFi protocols in order to earn fixed or variable interest. The rewards can be far greater than traditional investments, but higher rewards bring higher risks, especially in such a volatile market. Yield farming involves lending cryptocurrency via, in most cases,…
Sorare NFTs Should Be Regulated Under ‘New Category’, CEO Says
A federal judge’s recent ruling in Manhattan that claims Dapper Labs’ NBA Top Shot NFTs may be unregistered securities shows U.S. government regulations could be coming to the multi-billion dollar NFT market. Nicolas Julia, CEO of fantasy sports NFT firm Sorare, believes his product should be listed under a new category outside of existing sports betting and daily fantasy sports…
Sorare NFTs Should Be Regulated Under ‘New Category’, CEO Says
A federal judge’s recent ruling in Manhattan that claims Dapper Labs’ NBA Top Shot NFTs may be unregistered securities shows U.S. government regulations could be coming to the multi-billion dollar NFT market. Nicolas Julia, CEO of fantasy sports NFT firm Sorare, believes his product should be listed under a new category outside of existing sports betting and daily fantasy sports…
Bitcoin price settles at $22.4K as daily RSI retraces 2023 bull run
Bitcoin (BTC) traded around $22,400 at the March 3 Wall Street open as analysts stayed divided over the odds of a recovery. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hopes for an inverse “Bart Simpson” on BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading flat after a flash crash overnight saw $1,000 shaved off in minutes. As…
U.S. crypto taxes in 2023: What you need to know
The end of the tax year is fast approaching, and the clock is ticking for crypto holders to report their transactions to the Internal Revenue Service (IRS). In a bid to clamp down on crypto tax evasion, the IRS modified its terminology this year from “virtual currency” to “digital assets.” The new change encompasses all actions involving convertible cryptocurrencies, stablecoins,…
Coinbase announces acquisition of One River Digital Asset Management
United States-based cryptocurrency exchange Coinbase has acquired cryptocurrency-focused hedge fund One River Digital Asset Management, or ORDAM. In a March 3 blog post, Coinbase said One River Digital will transition to become Coinbase Asset Management, “an independent business and wholly-owned subsidiary” of the crypto exchange. One River Digital is registered as an investment adviser under the U.S. Securities and Exchange…
U.S. crypto taxes in 2023: What you need to know
The end of the tax year is fast approaching, and the clock is ticking for crypto holders to report their transactions to the Internal Revenue Service (IRS). In a bid to clamp down on crypto tax evasion, the IRS modified its terminology this year from “virtual currency” to “digital assets.” The new change encompasses all actions involving convertible cryptocurrencies, stablecoins,…