Day: September 7, 2022

What is veTokenomics and how does it work?

All facets of a token’s production and management, including its allocation to various stakeholders, supply, token burn schedules and distribution, are managed through tokenomics analysis. Tokenomics help to determine the potential value of decentralized finance (DeFi) projects. Since the law of supply and demand cannot be changed, tokenomics dramatically impacts the worth of each nonfungible token (NFT) or cryptocurrency. Related: What is Tokenomics? A beginner’s guide on supply and demand of cryptocurrencies However, there are various loopholes in the tokenomics design, such as a substantial initial supply allocation to insiders,…

Bear Markets Are The Greatest Buying Opportunities. Here’s why

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Crypto analysts and researchers explain the bear market as a period in which supply exceeds demand, morale falls, and prices decrease. As such, a bear market is a market that has experienced consistent or significant falls. A bear market is defined as any stock index or specific stock that has declined by at least twenty percent from its most recent high. As depicted here, “consistent falls” or declines refer to lengthy durations of downward oscillations. Ideally, markets are volatile on a daily (or even moment-to-moment) basis. Various factors can cause…

ATOM Price Show Signs Of Exhaustion, Following 3-Month Uptrend

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Cosmos (ATOM) has managed to pull it off despite the decline in demand due to a bearish market. Altcoin rallied by 27% in the past week Cosmos’ integration with DOT, ETH to trigger a spike in demand ATOM price experiences exhaustion ATOM has been remarkably bullish since June and in fact, dubbed to the one top-performing cryptocurrencies in the past three months. The altcoin was on a bull run as seen in the past week, rallying by as much as 27%, following its rebound from the ascending support line. In…

Could COINBASE Go Under? What's Going On?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Could COINBASE Go Under? What’s Going On? COINBASE could be in big trouble and this could be the beginning of the end for some other centralized exchanges in the crypto space. Why is Coinbase struggling and why are they in danger of going bankrupt? Latest news on COINBASE Exchange. Come check out our private community over at Patreon: where we are all here to help each other become better crypto investors. Our goal is to grow our portfolios and have a place…

Celsius co-founder declares his equity is ‘worthless’ in court

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A Celsius Network co-founder has moved in court to declare the entirety of his equity stake in the embattled crypto company as “worthless.”  In a Sept. 5 document to the United States Bankruptcy Court, law firm Kirkland & Ellis LLP filed a declaration on behalf of Celsius Co-Founder Daniel Leon, confirming his status as a substantial shareholder, and declaring that his 32,600 common shares are now considered worthless.  #CelsiusNetwork #CelsiusBankruptcy Here’s a new one — a declaration of “wothlessness” was just filed by Daniel Leon , one of the cofounders.…

Join the Phemex Deposit Dazzle & Claim $5,000 just for Deposits!

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Phemex, a Singapore-based cryptocurrency exchange, seems to be attracting all of the industry’s attention. They’re bringing back the popular Deposit Dazzle event and rewarding all active traders with a new Bitcoin and USD bonus! With the Phemex Deposit Dazzle, users just need to deposit BTC or USDT and claim up to a $5,000 bonus in BTC and USD! The best aspect of this event is that it is very simple to join and anyone may meet the deposit criteria. Launched in 2019, Phemex is a platform led by former Morgan…

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Court hears Roche Freedman could create ‘a sideshow’ in the Tether class action

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The fallout from the leaked Kyle Roche videos has continued after two law firms submitted a document to the court asking that his law firm Roche Freedman be removed as interim co-lead from the Tether and Bitfinex Crypto Asset Litigation. Roche Freedman are acting for plaintiffs in the class-action lawsuit initiated in 2019 alleging Tether and Bitfinex manipulated the crypto market by issuing unbacked USDT. Kirby McInerney LLP (Kirby) and Radice Law Firm, P.C. (Radice), who are also representing three plaintiffs in the case, submitted the request that Roche Freeman…

Brazilian Tax Authority Registers Record Number of Cryptocurrency Statements – Bitcoin News

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The Brazilian tax authority (RFB) has revealed its numbers corresponding to the month of July regarding cryptocurrency statements. More than one million Brazilians have declared cryptocurrencies in the month, which constitutes a record in statements for the organization. Also, there was a rise in the number of women holding crypto for this period. Tax Authority Reports More Than a Million Brazilians Invest in Crypto The Brazilian tax authority (RBF) has reported that more than one million citizens presented their cryptocurrency statements in July. Specifically, 1,336,715 citizens presented their…