Month: February 2022

Ex-Meta Coders Raising $200M to Bring Diem Blockchain to Life: Sources

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Instant Exchange Marketplace Swapzone Introduces Exchange API for US Residents – Press release Bitcoin News

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press release PRESS RELEASE. Swapzone.io, a successful crypto-to-crypto exchange aggregator has just announced a new feature named “fixed-rate exchange” that now is available to U.S. citizens. The new function allows American users and not only to “fix” the amount they exchange, so that nothing can affect the amount the user receives which was shown to him initially. Such exchanges are protected from rate fluctuations and any market changes. Key Details The cryptocurrency market is known for its high levels of volatility, and this aspect might be seen as an advantage…

Maple Finance partners with Celsius to launch wETH lending pool

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Digital asset lending platform Celsius has become the first pool delegate from the centralized finance market to deploy a crypto-centric lending service on Maple Finance, utilizing the latter’s smart contract and blockchain infrastructure to facilitate a $30 million pool to institutional investors. Celsius succeeds existing pool delegates BlockTower, Orthogonal Trading, Maven 11 and Alameda Research in partnering with Maple on such an endeavor. The introduction of wrapped Ether (wETH) is set to complement the existing accessibility to trade Circle’s native stablecoin, USD Coin (USDC), enabling investors to utilize the asset…

Traders Prefer Gold, Fiat Safe Havens Over Bitcoin as Russia Goes to War

Dibb added that the combination of war, supply constraints, booming commodity prices and zero rates is a textbook recipe for stagflation. While the crypto community still strongly considers bitcoin as a better store of value, past data shows the cryptocurrency is predominantly a risk-on inflation hedge, meaning it outperforms other assets when investors are willing to take risks. Source

Leading Blockchain XDC Network Signs Partnership With D.C. United for NFT Marketplace

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D.C. United of the Major League Soccer (MLS) has signed a three-year jersey sponsorship arrangement with blockchain technology developer XDC Network as recently announced by the MLS giant. For the first time in the history of Major League Soccer, D.C. United supporters will have access and experiences never previously been available in the sport (MLS). As of the start of the 2022 MLS season, XDC Network will appear on the front of both home and away kits, as well as training tops. NEWS: D.C. United Announce First-of-its-Kind Partnership with Leading…

Dogecoin founder speaks out against ‘meme coins’

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Seemingly frustrated by the amount of “meme coin” spammers flooding his Twitter threads, Billy Markus, the founder of the Dogecoin (DOGE), blasted the crypto shillers through a series of tweets.   Markus recounts how DOGE was originally created more than eight years ago as a true meme that pokes fun at “idiotic coins.” However, the creator points out that now meme coins are not memes anymore. “They’re made by people trying to get rich off of other people trying to get rich,” wrote Markus. satire has some mildly clever elements to…

The Next Frontier: Digital Assets for Retirement

“With institutions and more advised assets entering the space, volatility will decline,” said David Abner, global head of business development at Gemini, a crypto exchange and custodian. “We’ll see more stability. Recently, bitcoin set a new baseline around $40,000 and it’s now bounced above it. What I see is that more and more investors are positioned with a long-term outlook. We see lower volumes on sales during downdrafts over time, that means that many are either holding (or HODLing) or adding to their positions.” Source

What Advisors Need to Know About Crypto Taxation

Notably, these numbers are averages of estimates, and as the authors of the Vanguard study point out, there could be great variability in outcomes from one client to the next, and even one year to the next (e.g., the report shows a high end of 185 bps for investment tax planning). But what this study demonstrates is that nearly a third to a half of advisor alpha can be generated just from investment-related tax planning strategies alone! Source

Pain Ahead for Major Cryptos on Ukraine Crisis, With Bitcoin Seen Less Risky by Some

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“The prospect of geopolitical escalation has been the main driver of price moves in the broader risk asset spectrum for the past couple of weeks,” said Anto Paroian, chief operating officer at crypto investment fund ARK36, in an email to CoinDesk. “Now that the war between Russia and Ukraine has become reality, investors are rushing to take risk off the table, and stock markets globally are seeing major declines.” Original