Bitcoin miners may see “severe” economic consequences from BTC price action staying below $30,000 after the 2024 halving, Glassnode warns. Source: https://cointelegraph.com/public/index.php/news/bitcoin-halving-efficient-btc-mining-costs-30k
Month: September 2023
Crypto Accounting Challenges and Opportunities
Crypto Accounting Challenges and Opportunities As crypto matures, accounting and tax regulations are evolving. Amy Kalnoki of Bitwave explains how her company helps crypto companies properly account for digital assets. She notes the importance of flexibility as new crypto assets emerge and regulations change. Stacy Elliott interviewed her at Messari Mainnet 2023. Source: https://decrypt.co/videos/live-events/0Sezz6pZ/crypto-accounting-challenges-and-opportunities
Newly Partnered with Visa, Solana Focuses on Reliability
Newly Partnered with Visa, Solana Focuses on Reliability Solana has improved network reliability through upgrades like Quick and local fee markets. It recently partnered with Visa to allow settling transactions in USDC on Solana. This could enable merchants to receive instant payments and save on credit card processing fees. Stacy Elliott spoke with Austin Federa, Head of Strategy for the…
India’s 1% Crypto Tax Has Been a Nightmare for High-Frequency Traders, Says Shardeum CEO
India’s 1% Crypto Tax Has Been a Nightmare for High-Frequency Traders, Says Shardeum CEO As India figures out its regulatory approach to the crypto industry, one thing is clear to Shardeum co-founder Nischal Shetty: “If you’re a high-frequency trader, you can’t afford to lose a percentage every time you sell,” he told Decrypt’s Andre Beganski at Messari Mainnet in New…
Decentralize Derivatives Trading with Custom Blockchain
Decentralize Derivatives Trading with Custom Blockchain David Gogel of dYdX discusses how the decentralized exchange is building a custom blockchain to fully decentralize derivatives trading. He explained how the new dYdX chain will allow validators to run order books in memory, enabling decentralized order matching at scale. This shift aims to increase security and transparency for traders while maintaining the…
Social Media Sentiment Is Key to Crypto Price Discovery
Social Media Sentiment Is Key to Crypto Price Discovery Sacha Ghebali, Director of Strategy and Business Development at The TIE, says social media sentiment remains a key factor in price movements for major cryptocurrencies like Bitcoin and Ethereum. However, he notes that sentiment has turned more negative lately amid regulatory uncertainty. Ghebali believes events like the Ripple lawsuit ruling significantly…
What Are Crypto Futures, Coinbase’s Latest Offering?
In brief A futures contract is an agreement that obligates a trader to buy or sell an asset at a specific time, quantity and price. Bitcoin futures help to bring in additional liquidity to the market and also provide opportunities for arbitrage. As the trading value of Bitcoin varies, so too will the value of different Bitcoin futures contracts. Coinbase…
Bitcoin lender Ledn to roll out ETH, USDT interest accounts
Despite its roots embedded in Bitcoin (BTC) lending, lending platform Ledn has announced the launch of an Ethereum (ETH) yield offering following user requests for a shielded alternative to manually staking Ether. The Cayman Island’s firm has added an ETH offering to its Growth Accounts products, which currently offers users ring-fenced facilities to earn interest on Bitcoin and USD Coin…
Coinbase Rolls Out Futures Trading for Retail Crypto Traders Globally
Crypto exchange Coinbase announced this Thursday that its global arm, Coinbase International Exchange, secured approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures to qualified non-U.S. retail customers. According to the blog post, Coinbase plans to launch its regulated perpetual futures contracts on its Coinbase Advanced platform “in the coming weeks.” This announcement aligns with the firm’s “Go…
What Is Toncoin (TON)? Everything You Need To Know
Telegram is a messenger application popular among hundreds of millions of users across the world. Now, imagine if the app creates its own crypto platform and at least 1% of those users take an interest in it… Well, this is pretty much the reality. Although there is no data on how many Telegram users will actually adopt the TON token,…