Month: January 2023

Binance Nears Acquisition of Korean Crypto Exchange Gopax: Report

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Binance, leading cryptocurrency exchange, is making arrangements to finalize its acquisition of GOPAX, one of the top crypto exchanges in Korea, blockchain media platform Decenter reports. The exchange has conducted its due diligence in this regard and is confirming other procedures, the outlet said. Grab your copy of our latest Quarterly Intelligence Report for Q3 2022 before your competitors and stay up-to-date with crucial developments in the Forex and CFD industry! According to the outlet, Binance intends to buy the 41.2% majority stake of CEO Lee Jun-Haeng in GOPAX. The…

Gemini Co-Founder Accuses DCG’s Silbert of ‘Bad Faith’ Stalling in $900M Locked Funds Dispute

CryptoX – Cryptocurrency Analysis and News Portal Gemini Trust Co., which is co-owned by Winklevoss and his twin brother, paused redemptions on an interest-earning product called Earn in mid-November, a week after rival crypto exchange FTX filed for bankruptcy. The product offered investors opportunities to yield as much as 8% interest on their crypto by lending those digital tokens out to Genesis. Source The post Gemini Co-Founder Accuses DCG’s Silbert of ‘Bad Faith’ Stalling in $900M Locked Funds Dispute appeared first on CryptoX. CryptoX Portal

Cardano Enters 2023 With A Bang

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Cardano (ADA) started 2023 with an upward trend that retested the $0.2522 resistance level but has since failed to gather any meaningful momentum to sustain the run. As of writing, Coingecko notes an increase of a measly 0.2%. This might be small gains, but is a great indicator that investor sentiment has reversed by the start of this fiscal year.  Can ADA Bounce Back? Cardano in 2022 has been very bearish in terms of its native token ADA. Even after its Vasil hard fork, an event likened to the Ethereum…

Italy approves 26% capital gains tax on cryptocurrencies

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On Dec. 29, 2022, days before the year’s end, Italy’s Senate approved its budget for 2023, which included an increase in taxation for crypto investors — a 26% tax on capital gains on crypto-asset trading over 2,000 euros (approximately $2,13 at time of publication). The approved legislation defines crypto assets as “a digital representation of value or rights that can be transferred and stored electronically, using distributed ledger technology or similar technology.” Previously, crypto assets were treated as foreign currencies in the country, with lower taxes. As reported by Cointelegraph, the…

SOL Jumps 15% In 24 Hours As Solana Receives Support From Ethereum Founder

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Solana (SOL) has been completely engulfed in FUD since the FTX crash. This invariably resulted in the price of the token declining much faster than the rest of the market, and last week, SOL touched single-digit values for the first time in almost two years. However, there seems to be a turn in the tide for the digital asset as it receives support from Vitalik Buterin. Vitalik Buterin Offers Support To Solana  Taking to Twitter, Ethereum founder Vitalik Buterin expressed support for Solana for the first time. Solana which had…

ข่าว Coinbase กำลังซื้อ LUNC $245ล้าน ทำไมมันต้องมาตอนนี้ มันมีเงื่อนงำ go to the Moon!?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ข่าว Coinbase กำลังซื้อ LUNC $245ล้าน ทำไมมันต้องมาตอนนี้ มันมีเงื่อนงำ go to the Moon!? กลุ่ม Lunc … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Cameron Winklevoss pens open letter to Barry Silbert about Gemini’s blocked funds

Jan. 2 “marks 47 days since Genesis halted withdrawals,” Cameron Winklevoss, cofounder of the cryptocurrency exchange Gemini, pointed out in an open letter to Barry Silbert, CEO of the Digital Currency Group (DCG), which owns Genesis. Winklevoss went on to make a blunt appraisal of DCG’s business practices. According to the letter Winklevoss posted on Twitter, Genesis owes Gemini $900 million for funds Gemini lent to it as part of the Gemini Earn program. “For the past six weeks, we have done everything we can to engage with you in…

Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018 – Bitcoin News

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Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perception may have been a facade as a recent report details that Alameda suffered from financial troubles as early as 2018. People familiar with the matter said Alameda was losing money back then and a massive loss from a failed xrp trade in mid-2018 cut the company’s assets by more than two-thirds. Alameda Research’s Façade as a Top Quantitative Crypto Trading Firm Crumbles…