Day: December 12, 2022

Dogeliens, Cosmos and Elrond Would Make Fantastic Long-Term Cryptocurrency Investments in the Ongoing Bear Market

Place/Date: – December 12th, 2022 at 4:09 pm UTC · 3 min read Source: Dogeliens Photo: Dogeliens This year will undoubtedly be remembered as one of the worst in crypto history, and much of it would be due to the ongoing bear market. Spanning over six months, it is the longest bear market in crypto history and by far the most challenging. The bear market has caused serious conversations about the stability and future of crypto within the global community and has no doubt hindered the rapid growth that the…

Polygon and Cryptoons Are the Most Profitable Cryptos During the Bear Market

Place/Date: – December 12th, 2022 at 4:01 pm UTC · 4 min read Source: Cryptoons Photo: Cryptoons We are living in exciting times when everything has changed. This change is evident in everything from the way we communicate o the way we entertain ourselves. Thanks to the advent of blockchain technology, the way we earn has also undergone a massive shift. The crypto market had to overcome several hurdles before it became the financial giant it is today. However difficult the journey, the crypto industry is now established as one…

LINK Still On Whales’ Shopping Cart Despite Dismal Performance

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Whale interest is a bullish indicator and LINK is sweeping the whales to their side. According to crypto whale tracker WhaleStats, the token is part of the top 10 cryptocurrencies that whales have on their wallets. Here’s a quick overview of LINK: In the short-term, the 4-hour chart of the market shows signs of bullishness Downturns are still a possibility, thus caution is warranted However, the token’s value has not yet reflected this. According to data by Coingecko, LINK is trading at $6.62, down 11.3% in the last seven days.…

US DOJ Prosecutors Divided on Money Laundering Case against Binance

The DOJ investigation showed that CZ had kept the financial records of Binance from the public. Popular cryptocurrency exchange Binance has denied the alleged probing by the US DOJ over a possible money laundering and criminal sanction violation. The prosecuting office in Seattle began the investigation in 2018 after some criminals used Binance to transfer illicit funds. However, the investigation detail resurfaces after members of the Justice Department reportedly split over the proceeding with the case. While about six members of the federal prosecutors believe the charges are enough to…

SushiSwap CEO reveals DEX lost $30M on LP incentives this year

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According to a new Twitter post by SushiSwap CEO Jared Grey, the decentralized exchange, or DEX, experienced a $30 million loss in the past 12 months on incentives for liquidity providers, or LPs. As explained by Grey, SushiSwap currently employs a token-based emission strategy to incentivize LPs, but the current rate is “unsustainable.” “We commissioned Flipside to build dashboards to showcase these results; we’ll make them available by EOY.” Moving forward, Grey plans to rework SushiSwap’s tokenomics so that LPs are no longer subsidized with emissions and redesign the entire…

Here’s Why Everyone’s Excited about Big Eyes Coin and Why We Haven’t Seen Such Hype Since the Days of Binance Coin and Chain’s Release

Place/Date: – December 12th, 2022 at 3:41 pm UTC · 4 min read Source: Binance Coin (BNB): No Compromise on Quality Rank: 4th Capitalization: $59.8 billion Price: $299.3 Volume: $1.03 billion What can we say about Binance that hasn’t already been stated? BNB is perhaps the most impressive and complete platform presently. Released in 2017, Binance is currently the biggest cryptocurrency exchange in the market based on daily trading volume. There’s much more to BNB than its exchange service. The BNB ecosystem consists of solutions like Binance Smart Chain, Binance…

Bitcoin Group Agrees to Buy German Bank Bankhaus von der Heydt for More Than $15M

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Bitcoin Group Agrees to Buy German Bank Bankhaus von der Heydt for $15M

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…