Month: April 2022

Leading Crypto Exchange Binance Shuts Down Russian Accounts in Compliance With New EU Sanctions

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Crypto exchange giant Binance says it will halt services in Russia to comply with the latest round of restrictive measures imposed on the embattled nation by the European Union (EU). According to a new company blog post, the world’s largest crypto exchange platform will deactivate Russian accounts worth over $10,000 euros (EUR) after the EU placed a fifth package of sanctions on the country for invading Ukraine in a territorial dispute. “Binance is required to limit services for Russian nationals or natural persons residing in Russia, or legal entities established…

Crypto indexes offer broad access, but are they profitable in the long run?

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The cryptocurrency market is known for its high volatility and the wild-west nature of the space is, in part, due to many of the assets having small market caps and the 24/7 operational hours of centralized and decentralized exchanges (DEXs). In addition to being high risk, crypto trading can also be a very time-intensive process. It can be an overwhelming task and a barrier to entry for most investors in determining which tokens to invest in. For these investors, index investing could be a profitable alternative for gaining exposure to…

Traders de cripto ven atractivas las opciones de ether ante la caída de la ‘volatilidad implícita’

De hecho, los sesgos put-call, que miden el costo de las opciones put en relación con las opciones call, muestran que las opciones put obtienen un precio más alto que las opciones call en todos los períodos de tiempo, incluido el vencimiento de seis meses. Los comerciantes han estado comprando salidas en los últimos tiempos. “También hemos visto una gran demanda de puts de baja delta [menor ejercicio], particularmente en ETH, a lo largo de los vencimientos hasta diciembre, con picos tan bajos como 1.000. Esto también podría ser una…

Why This Bitcoin Correction Was The Most Painful Yet

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Bitcoin price continues to move sideways in an increasingly tightening trading range to the dismay of cryptocurrency investors. The bearish sentiment across the space is among the most prominent in years — potentially more bearish than the 2018 bear market. Here is why the recent correction has felt far more painful than even Black Thursday, despite BTCUSD trading at roughly the same price as one year ago. Bearish Bitcoin Sentiment Could Be Blind To Bull Market You might not know it by the current price action, sentiment, or even economic…

US Treasury Dept sanctions 3 Ethereum addresses allegedly linked to North Korea

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The United States Treasury Department has added three Ethereum wallet addresses to sanctions allegedly linked to the hacker group responsible for the theft of more than $600 million in crypto from nonfungible token game Axie Infinity’s Ronin sidechain. In a Friday update, the Treasury Department’s Office of Foreign Assets Control, or OFAC, listed three Ethereum addresses to its Specially Designated Nationals restrictions for North Korea’s Lazarus Group. U.S. authorities, including the Federal Bureau of Investigation and the Cybersecurity and Infrastructure Security Agency, have targeted the group over its alleged role…

Memecoins eye major revamps in an effort to return to their former glory

Memecoins briefly took the cryptocurrency market by storm in 2021 after steady attention and shilling from big-name influencers like Elon Musk and Mark Cuban helped propel coins like Dogecoin (DOGE) to 100x gains.  As one should expect, in the crypto market, rapidly rising prices have a tendency to reverse course just as fast and many of the formerly high-flying meme tokens now find themselves struggling for survival as the market matures and investors look for real-world use cases. Let’s take a look at some of the most popular memecoins of…

Scaramucci’s SkyBridge Starts Investment Vehicle for Bitcoin Mining

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Hacker bungles DeFi exploit, dYdx’s decentralization goals, and more

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The decentralized finance (DeFi) ecosystem was filled with ups and downs —mostly the latter— this week, with two very distinct hack attempts and a heartbreaking departure of a DeFi veteran.  In this week’s newsletter, we will also look at derivative exchange dYdX’s plans to go fully decentralized by the end of the year. The price momentum of the DeFi tokens remained neutral, with several tokens registering a bullish surge. However, the market volatility meant many of them couldn’t hold onto those gains. Hacker bungles DeFi exploit: Leaves stolen $1M in…