“What most of the NFT market has realized is that it’s this hybrid asset,” said Faruq, a former credit derivatives trader at Barclays. “But it is correlated to crypto, which is correlated to Nasdaq, which is correlated to global financial markets.” Source
Investors are constantly reminded that despite the myriad coins, projects and innovations in crypto, bitcoin may be the only “safe” crypto asset to buy. That comes with a big asterisk, however. The price of bitcoin is down more than 60% for the year and volatility remains a key characteristic of the asset. Most of all, however, how to value it is still a mystery to many – lots of investors are looking at negative returns and the cryptocurrency certainly didn’t convince people of its potential as an inflation hedge this…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ÚNETE a mi COMUNIDAD PRIVADA: ✓REGÍSTRATE en BITGET: … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
2022 is coming to an end, and our staff at NewsBTC decided to launch this Crypto Holiday Special to provide some perspective on the crypto industry. We will talk with multiple guests to understand this year’s highs and lows for crypto. In the spirit of Charles Dicken’s classic, “A Christmas Carol,” we’ll look into crypto from different angles, look at its possible trajectory for 2023 and find common ground amongst these different views of an industry that might support the future of finances. Zhou: “It won’t be business as usual…
Most of the high profile collapses in 2022 – FTX, Celsius, Voyager, Three Arrows Capital, Genesis – involved custody-holding CeFi (centralized finance) companies that put customer funds at risk. That has galvanized supporters of DeFi (decentralized finance), who rightly note that the most robust decentralized market-making and exchange systems survived, precisely because they lack a trusted intermediary capable of such abuse. Yet as of October, Chainalysis estimated that DeFi investors had lost a record $3 billion year-to-date, due to smart contract breaches, “rug pulls” by founders, and because the underlying…
To put it lightly, it has been a wild year for the crypto sector. In the span of less than 12 months, the third-most valuable stablecoin imploded, leading to a domino effect that saw crypto lender Celsius go bankrupt, Three Arrows Capital’s founders go runabout and one of crypto’s most “altruistic” executives flown home in cuffs. In this article, Cointelegraph has selected 10 crypto-related tweets that have aged like spoilt milk. Do Kwon — “Steady lads” On May 10, just as the algo-stablecoin formerly known as TerraUSD started to fall…
Bitcoin and select altcoins remain under pressure as bounces off support levels are being sold into. Investors have faced a tumultuous year in 2022 as stocks, bonds, and the cryptocurrency sector have all witnessed sharp declines. As of Nov. 30, the performance of a traditional portfolio comprising 60% stocks and 40% bonds has been the worst since 1932, according to a report by Financial Times. The next big question troubling crypto investors is whether the pain in Bitcoin (BTC) is over or will the downtrend continue in 2023. Analysts seem…
According to an analyst on Dec. 29, 2022, the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), may have cashed out $684,000 in crypto assets while under house arrest. If the funds were spent by SBF, it goes against the court’s release conditions that note the former FTX executive is not allowed to spend more than $1,000 without permission from the court. Analyst Discovers Funds Tied to SBF’s and Alameda’s Wallets Moved While the FTX Co-Founder Is on House Arrest On Thursday, an analyst called “Bowtiediguana” published a Twitter thread that…
“But when you dollarize – regardless of what digital asset it is, what form of asset it is – as of the petition date, that is essentially giving the debtors the power to liquidate whatever’s on the exchange and say, ‘This is what you get at the bottom of the market’,” Broderick said. “So it’s an important distinction, not just with respect to priorities and distribution timing, but it’s really important from a valuation standpoint.” Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The man was one of the many Canadians who lost more than $70 million last year to investment fraud and another $40 million to … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version